Polaris Inc
(NYSE:PII)

Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicl...

Website: http://www.polaris.com

Founded: 1954

Full Time Employees: 14,000

Sector: Consumer Cyclical

Industry: Recreational Vehicles

Consumer Cyclical

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

sales	1,921,900,000	1,841,600,000	1,852,700,000	1,535,800,000	1,755,400,000	1,722,400,000	1,961,200,000	1,736,400,000	2,289,200,000	2,248,900,000	2,216,600,000	2,179,700,000	2,404,100,000	2,340,600,000	2,062,800,000	1,956,800,000	2,170,400,000	1,959,500,000	2,117,200,000	1,951,100,000	2,156,300,000	1,954,600,000	1,511,800,000	1,405,200,000	1,735,866,000	1,771,647,000	1,779,315,000	1,495,690,000	1,627,120,000	1,651,415,000	1,502,532,000	1,297,473,000	1,431,049,000	1,478,726,000	1,364,920,000	1,153,782,000	1,217,789,000	1,185,067,000	1,130,777,000	982,996,000	1,105,618,000	1,456,000,000	1,124,327,000	1,033,345,000	1,275,000,000	1,302,343,000	1,013,959,000	888,346,000	1,083,710,000	1,102,649,000	844,800,000	745,909,000	900,647,000	879,939,000	755,446,000	673,750,000	781,969,000	729,861,000	607,921,000	537,198,000	618,442,000	580,082,000	430,907,000	361,708,000	471,770,000	436,197,000	345,896,000	312,024,000	523,603,000	580,281,000	455,686,000	388,684,000	541,415,000	543,979,000	376,902,000	317,713,000	448,584,000	490,090,000	384,335,000	333,509,000
cost of sales	1,537,700,000	1,461,300,000	1,493,500,000	1,290,800,000	1,397,500,000	1,367,800,000	1,537,200,000	1,406,100,000	1,812,300,000	1,740,100,000	1,711,600,000	1,710,500,000	1,831,100,000	1,781,400,000	1,588,400,000	1,560,500,000	1,725,200,000	1,493,900,000	1,565,800,000	1,470,600,000	1,606,300,000	1,420,000,000	1,179,100,000	1,112,300,000	1,312,522,000	1,335,105,000	1,342,867,000	1,143,242,000	1,235,847,000	1,250,145,000	1,117,356,000	973,992,000	1,063,237,000	1,114,764,000	1,014,534,000	911,291,000	905,017,000	924,297,000	846,274,000	735,418,000	795,344,000	1,040,377,000	804,913,000	739,614,000	907,427,000	914,069,000	709,045,000	629,929,000	766,602,000	767,864,000	592,462,000	529,261,000	646,847,000	620,154,000	538,697,000	478,787,000	577,661,000	523,025,000	430,317,000	385,363,000	446,926,000	429,383,000	317,823,000	266,794,000	343,160,000	331,286,000	262,632,000	235,590,000	404,358,000	449,956,000	347,643,000	300,589,000	422,458,000	421,432,000	290,321,000	252,778,000	342,697,000	387,439,000	300,906,000	266,117,000
gross profit	384,200,000	380,300,000	359,200,000	245,000,000	357,900,000	354,600,000	424,000,000	330,300,000	476,900,000	508,800,000	505,000,000	469,200,000	573,000,000	559,200,000	474,400,000	396,300,000	445,200,000	465,600,000	551,400,000	480,500,000	550,000,000	534,600,000	332,700,000	292,900,000	423,344,000	436,542,000	436,448,000	352,448,000	391,273,000	401,270,000	385,176,000	323,481,000	367,812,000	363,962,000	350,386,000	242,491,000	312,772,000	260,770,000	284,503,000	247,578,000	310,274,000	415,623,000	319,414,000	293,731,000	367,573,000	388,274,000	304,914,000	258,417,000	317,108,000	334,785,000	252,338,000	216,648,000	253,800,000	259,785,000	216,749,000	194,963,000	204,308,000	206,836,000	177,604,000	151,835,000	171,516,000	150,699,000	113,084,000	94,914,000	128,610,000	104,911,000	83,264,000	76,434,000	119,245,000	130,325,000	108,043,000	88,095,000	118,957,000	122,547,000	86,581,000	64,935,000	105,887,000	102,651,000	83,429,000	67,392,000
yoy	7.35%	7.25%	-15.28%	-25.83%	-24.95%	-30.31%	-16.04%	-29.60%	-16.77%	-9.01%	6.45%	18.40%	28.71%	20.10%	-13.96%	-17.52%	-19.05%	-12.91%	65.73%	64.05%	29.92%	22.46%	-23.77%	-16.90%	8.20%	8.79%	13.31%	8.95%	6.38%	10.25%	9.93%	33.40%	17.60%	39.57%	23.16%	-2.05%	0.81%	-37.26%	-10.93%	-15.71%	-15.59%	7.04%	4.76%	13.67%	15.91%	15.98%	20.84%	19.28%	24.94%	28.87%	16.42%	11.12%	24.22%	25.60%	22.04%	28.40%	19.12%	37.25%	57.05%	59.97%	33.36%	43.64%	35.81%	24.18%	7.85%	-19.50%	-22.93%	-13.24%	0.24%	6.35%	24.79%	35.67%	12.34%	19.38%	3.78%	-3.65%
qoq	1.03%	5.87%	46.61%	-31.55%	0.93%	-16.37%	28.37%	-30.74%	-6.27%	0.75%	7.63%	-18.12%	2.47%	17.88%	19.71%	-10.98%	-4.38%	-15.56%	14.76%	-12.64%	2.88%	60.69%	13.59%	-30.81%	-3.02%	0.02%	23.83%	-9.92%	-2.49%	4.18%	19.07%	-12.05%	1.06%	3.87%	44.49%	-22.47%	19.94%	-8.34%	14.91%	-20.21%	-25.35%	30.12%	8.74%	-20.09%	-5.33%	27.34%	17.99%	-18.51%	-5.28%	32.67%	16.47%	-14.64%	-2.30%	19.86%	11.17%	-4.57%	-1.22%	16.46%	16.97%	-11.47%	13.81%	33.26%	19.14%	-26.20%	22.59%	26.00%	8.94%	-35.90%	-8.50%	20.62%	22.64%	-25.94%	-2.93%	41.54%	33.33%	-38.68%	3.15%	23.04%	23.80%
operating expenses:
selling and marketing	136,100,000	126,700,000	124,600,000	117,600,000	113,800,000	127,600,000	132,600,000	126,400,000	127,000,000	145,100,000	132,600,000	137,600,000	133,000,000	120,700,000	115,500,000	143,200,000	141,500,000	143,200,000	154,200,000	145,900,000	139,000,000	135,500,000	119,600,000	150,200,000	139,486,000	149,759,000	140,603,000	129,259,000	122,278,000	128,929,000	122,859,000	117,707,000	116,319,000	122,642,000	118,531,000	114,313,000	97,423,000	89,751,000	77,820,000	77,241,000	76,159,000	91,169,000	79,656,000	69,685,000	87,134,000	87,567,000	74,178,000	65,570,000	74,725,000	78,810,000	62,238,000	54,493,000	57,468,000	57,211,000	50,555,000	45,133,000	48,985,000	49,074,000	43,453,000	37,213,000	39,973,000	38,118,000	34,164,000	30,098,000	27,769,000	27,338,000	28,702,000	27,328,000	32,985,000	39,692,000	35,188,000	29,170,000	31,032,000	36,381,000	29,009,000	27,475,000	27,406,000	26,614,000	26,550,000	28,320,000
research and development	105,900,000	92,800,000	90,300,000	82,900,000	78,200,000	84,100,000	86,800,000	87,800,000	92,800,000	91,800,000	93,200,000	96,500,000	100,600,000	98,500,000	86,800,000	82,800,000	81,600,000	86,800,000	88,800,000	79,500,000	73,200,000	77,200,000	66,800,000	78,400,000	72,099,000	77,337,000	76,379,000	67,120,000	61,941,000	64,181,000	68,330,000	65,230,000	62,412,000	63,129,000	60,753,000	52,005,000	48,870,000	47,568,000	45,579,000	43,109,000	41,734,000	44,432,000	41,431,000	38,863,000	37,375,000	38,586,000	36,984,000	35,513,000	36,129,000	37,010,000	34,604,000	31,450,000	33,327,000	32,352,000	31,216,000	30,466,000	31,383,000	25,750,000	25,499,000	22,999,000	25,433,000	22,257,000	18,512,000	18,738,000	15,872,000	15,305,000	15,222,000	16,600,000	18,341,000	19,638,000	20,236,000	19,257,000	18,829,000	18,500,000	17,707,000	18,551,000	20,339,000	16,343,000	20,710,000	16,497,000
general and administrative	193,900,000	117,800,000	127,400,000	102,700,000	126,200,000	100,900,000	110,400,000	99,000,000	136,900,000	91,300,000	103,800,000	90,800,000	97,200,000	97,800,000	89,200,000	86,900,000	79,800,000	91,600,000	107,500,000	87,100,000	92,200,000	100,600,000	87,900,000	78,500,000	96,108,000	100,794,000	104,090,000	92,938,000	87,557,000	90,639,000	92,874,000	78,693,000	85,198,000	79,421,000	91,063,000	75,514,000	87,039,000	85,257,000	64,566,000	69,580,000	51,179,000	56,411,000	51,948,000	49,539,000	52,418,000	56,596,000	52,942,000	41,292,000	49,810,000	49,343,000	41,444,000	38,810,000	38,423,000	36,882,000	32,759,000	35,000,000	37,763,000	28,049,000	37,257,000	27,326,000	32,183,000	26,764,000	21,710,000	18,398,000	20,285,000	20,545,000	16,235,000	14,119,000	16,902,000	19,674,000	17,108,000	15,923,000	15,965,000	16,274,000	17,055,000	15,491,000	17,334,000	12,132,000	10,294,000	15,824,000
long-lived asset impairment	10,575,000	42,300,000
goodwill impairment			52,600,000
total operating expenses	724,000,000	379,600,000	394,900,000	303,200,000	318,200,000	312,600,000	329,800,000	313,200,000	356,700,000	328,200,000	329,600,000	324,900,000	330,800,000	317,000,000	291,500,000	312,900,000	302,900,000	321,600,000	350,500,000	312,500,000	304,400,000	313,300,000	653,500,000	307,100,000	307,693,000	327,890,000	321,072,000	289,317,000	271,776,000	283,749,000	284,063,000	261,630,000	263,929,000	265,192,000	270,347,000	241,832,000	233,332,000	222,576,000	187,965,000	189,930,000	169,072,000	192,012,000	173,035,000	158,087,000	176,927,000	182,749,000	164,104,000	142,375,000	160,664,000	165,163,000	138,286,000	124,753,000	129,218,000	126,445,000	114,530,000	110,599,000	118,131,000	102,873,000	106,209,000	87,538,000	97,589,000	87,139,000	74,386,000	67,234,000	63,926,000	63,188,000	60,159,000	58,047,000	68,228,000	79,004,000	72,532,000	64,350,000	65,826,000	71,155,000	63,771,000	61,517,000	65,079,000	55,089,000	57,554,000	60,641,000
income from financial services	19,700,000	19,700,000	22,800,000	22,100,000	26,100,000	24,100,000	25,500,000	21,900,000	22,500,000	20,500,000	20,600,000	16,800,000	14,700,000	12,100,000	10,200,000	11,400,000	12,600,000	11,300,000	13,700,000	16,200,000	17,200,000	18,100,000	25,400,000	19,700,000	20,708,000	21,602,000	19,746,000	18,805,000	23,313,000	21,348,000	21,344,000	21,425,000	18,595,000	18,138,000	19,143,000	20,430,000	19,303,000	19,195,000	20,464,000	19,496,000	17,958,000	19,065,000	17,638,000	14,642,000	19,354,000	17,048,000	14,625,000	10,640,000	12,654,000	11,671,000	11,502,000	10,074,000	10,295,000	8,227,000	8,215,000	7,183,000	6,953,000	6,327,000	5,526,000	5,286,000	4,219,000	4,136,000	4,245,000	4,256,000	4,779,000	3,922,000	3,966,000	4,404,000	3,996,000	4,476,000	5,243,000	7,490,000	9,650,000	9,108,000	13,901,000	12,626,000	13,493,000	12,696,000	11,546,000	9,326,000
operating income	-320,100,000	20,400,000	-12,900,000	-36,100,000	65,800,000	66,100,000	119,700,000	39,000,000	142,700,000	201,100,000	196,000,000	161,100,000	256,900,000	254,300,000	193,100,000	94,800,000	154,900,000	155,300,000	214,600,000	184,200,000	262,800,000	239,400,000	-295,400,000	5,500,000	136,359,000	130,254,000	135,122,000	81,936,000	142,810,000	138,869,000	122,457,000	83,276,000	122,478,000	116,908,000	99,182,000	21,089,000	98,743,000	57,389,000	117,002,000	77,144,000	159,160,000	242,676,000	164,017,000	150,286,000	210,000,000	222,573,000	155,435,000	126,682,000	169,098,000	181,293,000	125,554,000	101,969,000	134,877,000	141,567,000	110,434,000	91,547,000	93,130,000	110,290,000	76,921,000	69,583,000	78,146,000	67,696,000	42,943,000	31,936,000	69,463,000	45,645,000	27,071,000	22,791,000	55,013,000	55,797,000	40,754,000	31,235,000	62,781,000	60,500,000	36,711,000	16,044,000	54,301,000	60,258,000	37,421,000	16,077,000
yoy	-586.47%	-69.14%	-110.78%	-192.56%	-53.89%	-67.13%	-38.93%	-75.79%	-44.45%	-20.92%	1.50%	69.94%	65.85%	63.75%	-10.02%	-48.53%	-41.06%	-35.13%	-172.65%	3249.09%	92.73%	83.79%	-318.62%	-93.29%	-4.52%	-6.20%	10.34%	-1.61%	16.60%	18.78%	23.47%	294.88%	24.04%	103.71%	-15.23%	-72.66%	-37.96%	-76.35%	-28.66%	-48.67%	-24.21%	9.03%	5.52%	18.63%	24.19%	22.77%	23.80%	24.24%	25.37%	28.06%	13.69%	11.38%	44.83%	28.36%	43.57%	31.57%	19.17%	62.92%	79.12%	117.88%	12.50%	48.31%	58.63%	40.13%	26.27%	-18.19%	-33.57%	-27.03%	-12.37%	-7.77%	11.01%	94.68%	15.62%	0.40%	-1.90%	-0.21%
qoq	-1669.12%	-258.14%	-64.27%	-154.86%	-0.45%	-44.78%	206.92%	-72.67%	-29.04%	2.60%	21.66%	-37.29%	1.02%	31.69%	103.69%	-38.80%	-0.26%	-27.63%	16.50%	-29.91%	9.77%	-181.04%	-5470.91%	-95.97%	4.69%	-3.60%	64.91%	-42.63%	2.84%	13.40%	47.05%	-32.01%	4.76%	17.87%	370.30%	-78.64%	72.06%	-50.95%	51.67%	-51.53%	-34.41%	47.96%	9.14%	-28.44%	-5.65%	43.19%	22.70%	-25.08%	-6.73%	44.39%	23.13%	-24.40%	-4.73%	28.19%	20.63%	-1.70%	-15.56%	43.38%	10.55%	-10.96%	15.44%	57.64%	34.47%	-54.02%	52.18%	68.61%	18.78%	-58.57%	-1.41%	36.91%	30.48%	-50.25%	3.77%	64.80%	128.81%	-70.45%	-9.89%	61.03%	132.76%
non-operating expense:
interest expense	31,000,000	33,100,000	33,200,000	34,100,000	34,300,000	36,200,000	34,600,000	31,900,000	32,800,000	32,500,000	31,400,000	28,300,000	24,900,000	20,100,000	14,900,000	11,800,000	11,200,000	10,800,000	10,700,000	11,500,000	15,300,000	17,300,000	17,900,000	16,200,000	16,817,000	19,733,000	20,620,000	20,419,000	19,880,000	19,823,000	9,216,000	8,048,000	7,717,000	8,492,000	8,032,000	7,914,000	5,601,000	4,051,000	3,802,000	2,865,000	2,608,000	2,966,000	2,972,000	2,910,000	2,553,000	2,835,000	3,039,000	2,812,000	1,846,000	1,520,000	1,371,000	1,473,000	1,489,000	1,465,000	1,466,000	1,512,000	1,221,000	1,270,000	985,000	511,000	531,000	721,000	729,000	699,000	906,000	1,059,000	1,095,000	1,051,000	1,794,000	2,617,000	2,482,000	2,725,000	2,900,000	3,677,000	3,744,000	4,780,000	3,644,000	2,581,000	2,035,000	1,513,000
other expense	5,800,000	-600,000	46,500,000	900,000					-10,900,000	-13,100,000	-8,100,000	-12,400,000	-14,700,000	-7,400,000	-3,200,000	-3,100,000	7,900,000	100,000	-3,200,000	-2,500,000	-700,000	3,200,000	800,000	900,000					-396,000	-4,124,000	-3,561,000	-19,975,000	-5,137,000	-2,368,000	-2,152,000	11,608,000	6,249,000	5,700,000	1,805,000	81,000	3,368,000	-1,345,000	2,681,000	7,440,000	3,746,000	252,000					-1,230,000		-1,173,000	-3,989,000	210,000		-4,610,000	5,480,000	1,642,000	-3,201,000	-691,000	-1,482,000	2,318,000	180,000	2,735,000	-1,322,000	-677,000		-2,904,000	-257,000	150,000		1,140,000	352,000	-1,456,000		-2,604,000	652,000	816,000	-717,000
income before income taxes	-356,900,000	-12,100,000	-92,600,000	-71,100,000	32,150,000	35,000,000	85,900,000	7,700,000								86,100,000	99,000,000	144,400,000	207,100,000	175,200,000	248,200,000	218,900,000	-314,100,000	-11,600,000	120,910,000	108,160,000	114,318,000	64,412,000	119,650,000	123,059,000	112,848,000	73,692,000	117,977,000	109,181,000	91,966,000	-333,000	85,459,000	45,840,000	109,812,000	72,140,000	151,098,000	239,710,000	156,616,000	138,313,000	202,476,000	218,450,000	153,312,000	125,079,000	165,332,000	181,718,000	124,827,000	102,552,000	134,382,000	144,091,000	108,758,000	92,612,000	96,519,000	103,540,000	74,294,000	72,273,000	78,306,000	70,051,000	39,127,000	31,057,000	65,822,000	45,908,000	26,653,000	12,791,000	56,041,000	53,330,000	38,118,000	29,573,000	59,182,000	56,499,000	35,841,000	18,814,000	53,289,000	59,678,000	34,348,000	16,464,000
provision for income taxes	-53,600,000	3,600,000	-13,500,000	-4,400,000	1,400,000	7,400,000	17,000,000	3,800,000	17,500,000	30,200,000	38,400,000	31,600,000	50,100,000	50,900,000	39,400,000	16,200,000	12,200,000	29,600,000	48,600,000	41,000,000	49,400,000	52,000,000	-78,700,000	-6,200,000	21,955,000	19,772,000	26,173,000	16,016,000	28,176,000	27,530,000	20,308,000	17,978,000	86,503,000	27,293,000	29,925,000	2,578,000	22,878,000	13,528,000	38,646,000	25,251,000	40,416,000	84,537,000	55,673,000	49,750,000	67,079,000	77,624,000	56,407,000	44,178,000	56,652,000	64,797,000	44,823,000	27,088,000	46,318,000	49,746,000	38,935,000	32,534,000	32,620,000	35,903,000	25,565,000	24,963,000	23,784,000	22,830,000	13,503,000	11,286,000	21,912,000	14,737,000	9,175,000	4,333,000	19,801,000	15,638,000	13,738,000	10,490,000	21,181,000	17,379,000	12,915,000	6,263,000	17,163,000	16,935,000	11,619,000	5,271,000
net income	-303,300,000	-15,700,000	-79,100,000	-66,700,000	10,800,000	27,600,000	68,900,000	3,900,000	103,300,000	151,500,000	134,300,000	113,600,000	195,500,000	186,600,000	-4,400,000	69,900,000	86,800,000	114,800,000	158,500,000	134,200,000	198,800,000	166,900,000	-235,400,000	-5,400,000	98,955,000	88,388,000	88,145,000	48,396,000	91,474,000	95,529,000	92,540,000	55,714,000	31,474,000	81,888,000	62,041,000	-2,911,000	62,581,000	32,312,000	71,166,000	46,889,000	110,682,000	155,173,000	100,943,000	88,563,000	135,397,000	140,826,000	96,905,000	80,901,000	108,680,000	113,144,000	80,004,000	75,464,000	88,064,000	94,345,000	69,823,000	60,078,000	63,899,000	67,637,000	48,729,000	47,310,000	54,522,000	47,221,000	25,624,000	19,771,000	43,910,000	31,171,000	17,478,000	8,458,000	36,240,000	37,692,000	24,380,000	19,083,000	37,711,000	38,826,000	22,720,000	12,393,000	32,400,000	42,484,000	20,571,000	11,530,000
yoy	-2908.33%	-156.88%	-214.80%	-1810.26%	-89.55%	-81.78%	-48.70%	-96.57%	-47.16%	-18.81%	-3152.27%	62.52%	125.23%	62.54%	-102.78%	-47.91%	-56.34%	-31.22%	-167.33%	-2585.19%	100.90%	88.83%	-367.06%	-111.16%	8.18%	-7.48%	-4.75%	-13.13%	190.63%	16.66%	49.16%	-2013.91%	-49.71%	153.43%	-12.82%	-106.21%	-43.46%	-79.18%	-29.50%	-47.06%	-18.25%	10.19%	4.17%	9.47%	24.58%	24.47%	21.13%	7.20%	23.41%	19.93%	14.58%	25.61%	37.82%	39.49%	43.29%	26.99%	17.20%	43.24%	90.17%	139.29%	24.17%	51.49%	46.61%	133.76%	21.16%	-17.30%	-28.31%	-55.68%	-3.90%	-2.92%	7.31%	53.98%	16.39%	-8.61%	10.45%	7.48%
qoq	1831.85%	-80.15%	18.59%	-717.59%	-60.87%	-59.94%	1666.67%	-96.22%	-31.82%	12.81%	18.22%	-41.89%	4.77%	-4340.91%	-106.29%	-19.47%	-24.39%	-27.57%	18.11%	-32.49%	19.11%	-170.90%	4259.26%	-105.46%	11.96%	0.28%	82.13%	-47.09%	-4.24%	3.23%	66.10%	77.02%	-61.56%	31.99%	-2231.26%	-104.65%	93.68%	-54.60%	51.78%	-57.64%	-28.67%	53.72%	13.98%	-34.59%	-3.86%	45.32%	19.78%	-25.56%	-3.95%	41.42%	6.02%	-14.31%	-6.66%	35.12%	16.22%	-5.98%	-5.53%	38.80%	3.00%	-13.23%	15.46%	84.28%	29.60%	-54.97%	40.87%	78.34%	106.64%	-76.66%	-3.85%	54.60%	27.76%	-49.40%	-2.87%	70.89%	83.33%	-61.75%	-23.74%	106.52%	78.41%
net loss attributable to noncontrolling interest	-300,000	-100,000			-200,000	100,000				200,000										-100,000		-100,000			-24,000		118,000
net income attributable to polaris inc.	-303,600,000	-15,800,000	-79,300,000	-66,800,000	10,600,000	27,700,000	68,700,000	3,800,000	103,400,000	151,700,000	134,300,000	113,400,000	195,500,000	186,300,000	-4,600,000	69,900,000	86,800,000	114,600,000	158,400,000	134,100,000	198,800,000	166,800,000	-235,400,000	-5,400,000	98,931,000	88,388,000
net income per share
basic	-5.34	-0.28	-1.39	-1.17	0.443	0.49	1.21	0.07								1.16	1.43	1.88	2.58	2.16	3.22	2.7	-3.82	-0.09	1.6	1.44	1.44	0.79	1.48	1.54	1.46	0.88	0.5	1.31	0.99	-0.05	0.98	0.5
diluted	-5.34	-0.28	-1.39	-1.17	0.44	0.49	1.21	0.07								1.14	1.4	1.84	2.52	2.11	3.19	2.66	-3.82	-0.09	1.58	1.42	1.42	0.78	1.46	1.5	1.43	0.85	0.48	1.28	0.97	-0.05	0.97	0.5
weighted-average shares outstanding:
basic	56.9	56.9	57	56.9	56.5	56.2	56.6	56.9	57.1	57	57.2	57.4	59.3	59.2	59.9	60.3	61.3	61	61.3	62	61.9	61.9	61.6	61.9	61,437	61,480	61,419	61,284	62,513	62,207	63,172	63,303	62,916	62,646	62,895	63,128	64,296	64,151	64,406	65,046	66,020	65,912	66,324	66,429	66,175	66,261	66,060	65,833	68,535	69,179	68,867	68,793	68,849	68,692	68,954	68,637	68,792	68,937	34,405	34,268	33,450	33,405	33,255	33,069	32,399	32,423	32,381	32,266	32,770	32,384	32,882	33,702	35,236	35,501	35,593	35,492	40,324	40,277	41,394	41,791
diluted	56.9	56.9	57	56.9	56.8	56.5	56.9	57.2	57.7	57.8	57.8	58.1	60.1	60	60.5	61.2	62.7	62.3	62.8	63.4	62.6	62.8	61.6	61.9	62,292	62,265	62,164	62,027	63,949	63,546	64,886	65,219	64,180	63,885	63,807	64,133	65,158	65,027	65,297	65,982	67,484	67,368	67,829	68,146	68,229	68,328	68,088	67,958	70,546	71,186	70,755	70,762	71,005	70,883	71,161	70,825	71,057	71,289	35,607	35,331	34,382	34,377	34,248	33,750	33,074	33,244	32,990	32,559	33,564	33,275	33,785	34,534	36,324	36,572	36,754	36,552	41,451	41,257	42,575	43,124
net income attributable to noncontrolling interest			-200,000	-100,000			-200,000	-100,000				-200,000		-300,000	-200,000		-100,000	-200,000	-100,000									-18,000
other income					-1,625,000	-5,100,000	-800,000	-600,000																	-1,370,750	-1,711,000	-271,000	-3,501,000																								-2,468,000				-2,577,000
income from continuing operations before income taxes									120,800,000	181,700,000	172,700,000	145,200,000	246,700,000	241,600,000	181,400,000
net income from continuing operations									103,300,000	151,500,000	134,300,000	113,600,000	196,600,000	190,700,000	142,000,000																														135,397,000	140,826,000			108,680,000	116,921,000																			36,240,000	37,692,000	24,380,000	19,083,000	38,001,000	39,120,000	22,926,000	12,551,000	36,126,000	42,743,000	22,729,000	11,193,000
loss from discontinued operations, net of tax																																																		-3,777,000																							-290,000	-294,000	-206,000	-158,000	-346,000	-259,000	-137,000	-70,000
loss from sale of discontinued operations, net of tax
amounts attributable to polaris inc. common shareholders:
less net income attributable to noncontrolling interest										200,000		-200,000		-300,000	-200,000
net income from continuing operations attributable to polaris inc. common shareholders									103,400,000	151,700,000	134,300,000	113,400,000	196,600,000	190,400,000	141,800,000
net loss from discontinued operations attributable to polaris inc. common shareholders
net income per share
basic	-5.34	-0.28	-1.39	-1.17	0.443	0.49	1.21	0.07								1.16	1.43	1.88	2.58	2.16	3.22	2.7	-3.82	-0.09	1.6	1.44	1.44	0.79	1.48	1.54	1.46	0.88	0.5	1.31	0.99	-0.05	0.98	0.5
continuing operations									1.82	2.66	2.35	1.98	3.37	3.21	2.37																														2.04	2.13			1.61	1.69																			1.12	1.16	0.74	0.57	1.1	1.1	0.64	0.35	0.94	1.06	0.55	0.27
discontinued operations													-0.04	-0.06	-2.45
basic									1.82	2.66	2.35	1.98	3.33	3.15	-0.08
diluted
diluted									1.81	2.62	2.32	1.95	3.29	3.1	-0.08
impairment of discontinued operations, net of tax															-142,200,000
income from discontinued operations, net of tax													-2,975,000	-3,500,000	-4,200,000
loss from sale / impairment of discontinued operations, net of tax													-35,700,000	-600,000
net income from discontinued operations attributable to polaris inc. common shareholders													-38,675,000	-4,100,000	-146,400,000
goodwill and other intangible asset impairments																							379,200,000
equity in loss of other affiliates																										4,072,000	455,000	606,000	3,676,000	111,000	3,954,000	21,511,000	1,921,000	1,603,000	1,336,000	1,900,000	1,434,000	1,798,000	1,583,000	2,058,000	2,086,000	1,345,000	1,748,000	1,623,000	1,225,000	1,036,000	967,000	896,000	785,000	631,000	586,000	412,000
net income attributable to polaris industries inc.																											88,263,000	48,378,000
basic net income per share																																							1.1	0.72	1.7	2.35	1.52	1.33	2.04	2.13	1.47	1.23	1.61	1.64	1.16	1.1	1.28	1.37	1.01	0.88	0.93	0.98	1.42	1.38	1.61	1.41	0.77	0.6	0.44	0.96	0.54	0.26
diluted net income per share																																							1.09	0.71	1.66	2.3	1.49	1.3	1.97	2.06	1.42	1.19	1.56	1.59	1.13	1.07	1.24	1.33	0.98	0.85	0.9	0.95	1.37	1.34	1.57	1.37	0.75	0.59	0.433	0.94	0.53	0.26
basic net income per share:
loss from discontinued operations																																																		-0.05																							-0.01	-0.01			-0.01	-0.01
diluted net income per share:
other (income)																																															-1,883,000	-2,105,000	1,135,000	-2,576,000																		-3,000				-1,026,000				-2,744,000
operating expenses
gain on securities available for sale
impairment charge on securities held for sale																																																															769,000					8,952,000
loss on securities available for sale																																																													-206,250	-1,594,000
impairment charge on securities available for sale																																																																	2,238,000
non-operating expense
equity in loss of manufacturing affiliates																																																																					18,500	107,000	4,000				-36,000	34,000			222,000
gain on sale of manufacturing affiliate shares																																																																									-1,555,500		-1,382,000	-4,840,000
loss of manufacturing affiliates																																																																								-37,000
(gain) on sale of manufacturing affiliate shares
equity in income of manufacturing affiliates																																																																									-7,500	-28,000
loss on disposal of discontinued operations, net of tax																																																																													-3,380,000		-2,021,000
cumulative effect of accounting change, net of tax
loss on disposal of discontinued operations																																																																													-0.08		-0.05
cumulative effect of accounting change																																																																																0.01
net income before cumulative effect of accounting change																																																																												12,393,000				11,123,000
equity in (income) of manufacturing affiliates																																																																													-28,000	-2,653,000		-1,183,000
cumulative effect of accounting change, net of tax of 174																																																																																407,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

assets
current assets:
cash and cash equivalents	282,000,000	138,000,000	335,500,000	324,300,000	291,700,000	287,800,000	291,300,000	322,700,000	318,800,000	367,800,000	295,300,000	340,400,000	322,900,000	324,500,000	318,900,000	314,200,000	375,400,000	509,200,000	316,500,000	288,800,000	432,400,000	634,700,000	820,600,000	544,400,000	424,400,000	157,064,000	122,216,000	96,081,000	151,439,000	161,164,000	183,411,000	181,753,000	166,357,000	138,345,000	132,260,000	127,378,000	137,494,000	127,325,000	122,696,000	146,633,000	145,763,000	155,349,000	225,264,000	118,819,000	111,005,000	137,600,000	169,018,000	119,040,000	101,789,000	92,248,000	387,804,000	217,674,000	380,750,000	417,015,000	412,898,000	289,294,000	285,889,000	325,336,000	335,747,000	262,174,000	345,921,000	393,927,000	264,511,000	166,272,000	124,395,000	140,240,000	72,763,000	30,036,000	17,895,000	27,127,000	43,162,000	21,909,000	17,578,000	63,281,000	86,967,000	33,849,000	45,115,000	19,566,000	9,086,000	10,563,000	10,913,000	19,675,000
trade receivables	249,000,000	237,500,000	230,300,000	225,200,000	211,300,000	192,300,000	223,700,000	254,900,000	254,100,000	306,400,000	477,800,000	293,100,000	324,600,000	343,000,000	329,500,000	297,200,000	251,100,000	240,500,000	242,700,000	220,300,000	237,200,000	257,200,000	241,300,000	195,200,000	167,900,000	190,430,000	217,231,000	224,501,000	206,812,000	197,082,000	217,694,000	190,343,000	186,044,000	200,144,000	184,074,000	169,314,000	176,277,000	174,832,000	152,342,000	142,434,000	124,553,000	150,778,000	176,221,000	151,495,000	173,199,000	204,876,000	153,839,000	135,411,000	150,464,000	186,213,000	157,015,000	148,725,000	129,332,000	119,769,000	136,346,000	134,876,000	139,626,000	115,302,000	108,889,000	136,903,000	121,696,000	89,294,000	98,151,000	96,638,000	91,335,000	90,405,000	88,073,000	54,027,000	57,581,000	98,598,000	77,275,000	73,014,000	67,112,000	82,884,000	69,934,000	53,368,000	51,957,000	63,815,000	79,006,000	55,555,000	60,712,000
inventories	1,567,500,000	1,412,400,000	1,697,300,000	1,698,000,000	1,748,000,000	1,741,500,000	1,998,900,000	2,000,500,000	1,952,800,000	1,810,500,000	2,051,700,000	2,024,300,000	1,947,200,000	1,896,100,000	1,929,400,000	1,908,000,000	1,879,700,000	1,644,800,000	1,773,600,000	1,514,900,000	1,339,900,000	1,177,600,000	1,213,500,000	1,026,400,000	1,234,800,000	1,121,111,000	1,270,110,000	1,130,264,000	1,148,637,000	969,511,000	1,019,517,000	925,243,000	922,925,000	783,961,000	841,922,000	815,990,000	800,611,000	746,534,000	755,943,000	692,272,000	710,004,000	710,001,000	674,612,000	708,269,000	629,285,000	565,685,000	582,193,000	559,876,000	482,874,000	417,948,000	460,592,000	428,634,000	370,856,000	344,996,000	410,034,000	357,960,000	314,042,000	298,042,000	338,285,000	286,137,000	244,436,000	235,927,000	279,778,000	222,608,000	180,316,000	179,315,000	220,836,000	219,645,000	245,600,000	222,312,000	268,319,000	278,396,000	279,262,000	218,342,000	257,776,000	267,858,000	236,739,000	230,533,000	243,936,000	241,302,000	220,005,000	202,022,000
prepaid expenses and other	434,000,000	366,900,000	311,100,000	320,600,000	313,500,000	395,700,000	156,400,000	210,900,000	195,800,000	198,000,000	177,300,000	210,600,000	190,100,000	183,700,000	158,300,000	174,400,000	146,700,000	160,500,000	114,300,000	109,100,000	123,200,000	134,100,000	98,600,000	103,500,000	112,200,000	125,908,000	118,623,000	112,921,000	106,512,000	121,472,000	105,066,000	106,586,000	96,247,000	101,453,000	80,859,000	85,221,000	81,193,000	91,636,000	63,594,000	64,201,000	68,224,000	92,422,000	74,166,000	66,497,000	70,964,000	71,526,000	61,780,000	60,002,000	59,326,000	63,716,000	56,450,000	47,169,000	30,740,000	34,039,000	43,576,000	46,706,000	45,714,000	37,608,000	37,762,000	28,622,000	20,556,000	21,628,000	17,443,000	22,483,000	18,682,000	20,638,000	18,498,000	20,272,000	12,503,000	14,924,000	18,073,000	18,149,000	19,240,000	17,643,000	18,123,000	19,421,000	17,192,000	19,940,000	13,717,000	9,324,000	13,163,000	13,330,000
income taxes receivable	35,700,000	2,000,000	29,000,000	44,800,000	29,200,000	15,100,000	57,900,000	11,100,000	11,100,000	9,000,000	41,200,000	19,800,000	2,500,000	20,300,000	98,700,000	3,800,000	2,200,000	4,000,000	600,000	300,000	400,000	3,900,000	5,700,000	14,200,000	45,900,000	32,447,000	14,958,000	7,037,000	25,550,000	36,474,000	5,865,000	10,269,000	13,013,000	29,601,000	9,535,000	18,976,000	54,902,000	50,662,000	55,096,000	20,013,000	28,126,000	46,175,000	10,052,000	15,183,000	5,308,000	2,691,000	20,423,000	24,890,000	3,030,000	12,217,000	15,657,000	13,520,000	9,194,000	15,730,000	7,936,000	9,164,000		24,723,000	9,037,000	13,400,000									4,278,000	4,521,000
current assets held for sale	21,800,000	49,800,000														168,200,000
total current assets	2,590,000,000	2,206,600,000	2,603,200,000	2,612,900,000	2,593,700,000	2,632,400,000	2,728,200,000	2,800,100,000	2,732,600,000	2,691,700,000	3,043,300,000	2,888,200,000	2,787,300,000	2,767,600,000	2,834,800,000	2,865,800,000	2,655,100,000	2,559,000,000	2,447,700,000	2,133,400,000	2,133,100,000	2,207,500,000	2,379,700,000	1,883,700,000	1,985,200,000	1,626,960,000	1,743,138,000	1,570,804,000	1,638,950,000	1,485,703,000	1,531,553,000	1,414,194,000	1,384,586,000	1,253,504,000	1,248,650,000	1,216,879,000	1,250,477,000	1,190,989,000	1,149,671,000	1,065,553,000	1,076,670,000	1,154,725,000	1,271,566,000	1,173,919,000	1,102,255,000	1,096,555,000	1,080,565,000	993,447,000	890,507,000	865,698,000	1,162,504,000	939,937,000	1,006,360,000	1,017,841,000	1,090,830,000	916,765,000	864,937,000	878,676,000	891,989,000	797,296,000	801,472,000	808,145,000	728,579,000	567,839,000	476,395,000	491,500,000	478,369,000	400,022,000	413,751,000	443,612,000	477,286,000	460,237,000	443,417,000	447,556,000	498,740,000	432,820,000	406,930,000	392,961,000	401,004,000	372,328,000	360,226,000
property and equipment	996,000,000	1,030,600,000	1,081,600,000	1,147,100,000	1,159,000,000	1,186,700,000	1,199,900,000	1,212,500,000	1,214,900,000	1,201,500,000	1,161,500,000	1,118,900,000	1,058,400,000	1,018,400,000	957,900,000	939,600,000	978,200,000	975,400,000	931,400,000	900,400,000	879,000,000	888,800,000	865,300,000	873,700,000	886,100,000	899,809,000	887,644,000	889,825,000	868,128,000	843,122,000	807,511,000	762,268,000	759,957,000	747,189,000	735,441,000	736,866,000	729,063,000	727,596,000	687,697,000	696,241,000	675,164,000	650,678,000	587,935,000	569,126,000	558,753,000	555,428,000	538,031,000	532,425,000	495,053,000	455,167,000	420,328,000	342,713,000	274,737,000	253,369,000	230,605,000	223,777,000	219,779,000	213,778,000	198,018,000	193,071,000	184,553,000	184,011,000	180,936,000	184,572,000	189,433,000	194,416,000	203,901,000	212,103,000	214,298,000	215,637,000	217,910,000	215,274,000	211,132,000		203,479,000	205,598,000	205,511,000		207,909,000	219,071,000	222,275,000
investment in finance affiliate	133,800,000	131,500,000	127,600,000	142,900,000	141,100,000	136,700,000	140,000,000	142,400,000	139,600,000	141,100,000	109,700,000	98,700,000	96,500,000	93,100,000	58,600,000	37,100,000	33,300,000	49,300,000	31,400,000	29,300,000	46,800,000	59,400,000	44,900,000	72,000,000	112,400,000	110,641,000	104,060,000	97,303,000	99,501,000	92,059,000	88,790,000	92,954,000	95,511,000	88,764,000	70,910,000	86,552,000	87,398,000	94,009,000	92,203,000	93,870,000	99,910,000	99,073,000	88,690,000	87,625,000	96,247,000	89,107,000	71,515,000	67,597,000	71,439,000	69,217,000	58,338,000	55,346,000	56,432,000	56,988,000	47,521,000	41,692,000	44,221,000		37,273,000																						52,359,000
deferred tax assets	521,100,000	525,500,000	423,700,000	406,200,000	379,200,000	384,600,000	329,900,000	317,400,000	300,000,000	295,900,000	247,100,000	237,500,000	221,200,000	210,500,000	150,100,000	241,100,000	154,500,000	163,600,000	160,300,000	159,200,000	158,600,000	177,700,000	186,400,000	184,700,000	90,900,000	93,282,000	95,189,000	92,641,000	88,489,000	87,474,000	116,447,000	115,399,000	114,881,000	115,511,000	191,287,000	192,167,000	185,887,000	188,471,000	173,741,000	170,955,000	165,862,000		111,251,000	113,656,000	112,494,000	114,177,000	93,312,000	94,228,000	93,024,000	93,356,000	84,986,000	84,215,000	85,488,000	86,292,000	80,040,000	78,765,000	79,666,000	77,665,000	62,269,000	70,060,000	68,863,000	67,369,000	68,696,000	59,838,000		60,902,000	78,199,000	76,042,000		76,130,000	70,457,000	68,769,000	60,225,000	65,406,000	65,940,000	58,324,000		59,107,000	55,259,000	55,584,000
goodwill and other intangible assets	795,000,000	800,000,000	874,700,000	880,800,000	933,400,000	936,200,000	958,100,000	960,200,000	899,700,000	906,400,000	907,100,000	903,200,000	907,700,000	910,600,000	907,600,000	918,700,000	1,029,400,000	1,037,500,000	1,053,200,000	1,063,900,000	1,070,800,000	1,083,700,000	1,087,300,000	1,092,000,000	1,478,400,000	1,490,235,000	1,494,646,000	1,508,722,000	1,506,414,000	1,517,594,000	1,515,431,000	765,050,000	777,844,000	780,586,000	784,616,000	786,935,000	786,574,000	792,979,000	271,419,000	273,896,000	278,483,000	236,117,000	232,142,000	235,030,000	210,451,000	223,966,000	224,443,000	238,118,000	226,461,000	229,708,000	227,889,000	223,537,000	105,096,000	107,216,000	76,704,000	76,379,000	78,187,000	77,718,000	59,658,000	60,878,000	31,551,000	31,313,000
operating lease assets	113,100,000	121,000,000	118,800,000	124,500,000	123,700,000	127,200,000	131,500,000	136,900,000	143,800,000	143,900,000	131,600,000	120,100,000	111,600,000	111,000,000	105,500,000	113,100,000	187,000,000	165,200,000	165,100,000	123,900,000	118,900,000	125,400,000	105,800,000	105,400,000	110,000,000	110,153,000	107,906,000	108,013,000	112,286,000
other long-term assets	92,500,000	78,500,000	75,800,000	73,600,000	120,300,000	121,400,000	142,100,000	139,400,000	136,800,000	135,800,000	132,700,000	103,000,000	107,200,000	106,700,000	78,900,000	86,200,000	91,400,000	97,800,000	81,200,000	115,100,000	106,500,000	90,200,000	114,200,000	101,200,000	100,900,000	99,449,000	94,839,000	96,904,000	94,949,000	98,963,000	88,299,000	89,613,000	86,828,000	104,039,000	102,162,000	95,573,000	96,600,000	105,553,000	95,594,000	95,129,000	83,684,000	80,331,000	83,467,000	75,326,000	77,421,000	68,678,000	47,680,000	47,037,000	45,839,000	31,126,000	29,832,000	26,282,000	21,603,000	15,872,000
total assets	5,241,500,000	4,893,700,000	5,305,400,000	5,388,000,000	5,450,400,000	5,525,200,000	5,629,700,000	5,708,900,000	5,567,400,000	5,516,300,000	5,733,000,000	5,469,600,000	5,289,900,000	5,217,900,000	5,093,400,000	5,238,900,000	5,128,900,000	5,047,800,000	4,870,300,000	4,525,200,000	4,513,700,000	4,632,700,000	4,783,600,000	4,312,700,000	4,763,900,000	4,430,529,000	4,527,422,000	4,364,212,000	4,408,717,000	4,124,915,000	4,148,031,000	3,239,478,000	3,219,607,000	3,089,593,000	3,133,066,000	3,114,972,000	3,135,999,000	3,099,597,000	2,470,325,000	2,395,644,000	2,379,773,000	2,387,462,000	2,310,071,000	2,181,554,000	2,080,783,000	2,074,935,000	2,008,832,000	1,919,049,000	1,764,449,000	1,685,488,000	1,923,219,000	1,610,402,000	1,500,889,000	1,486,492,000	1,471,428,000	1,276,351,000	1,222,833,000	1,228,024,000	1,198,060,000	1,091,262,000	1,057,083,000	1,061,647,000	972,057,000	821,308,000	740,932,000	763,653,000	759,968,000	691,238,000	711,796,000	751,148,000	803,095,000	786,381,000	769,202,000	769,881,000	808,110,000	740,975,000	731,821,000	778,791,000	786,080,000	762,225,000	752,830,000	768,956,000
liabilities and equity
current liabilities:
current financing obligations	34,800,000	34,800,000	434,800,000	434,500,000	434,300,000	434,300,000	454,400,000	54,100,000	54,000,000	54,000,000	553,900,000	553,700,000	553,600,000
accounts payable	833,500,000	762,500,000	808,800,000	773,900,000	723,600,000	562,800,000	700,700,000	785,400,000	779,000,000	713,100,000	882,400,000	897,000,000	870,100,000	847,600,000	850,800,000	978,800,000	978,500,000	797,400,000	928,200,000	899,300,000	869,100,000	782,200,000	790,700,000	545,600,000	556,100,000	450,228,000	584,506,000	418,850,000	436,938,000	346,294,000	436,401,000	361,717,000	366,872,000	317,377,000	385,858,000	352,538,000	348,016,000	273,742,000	308,971,000	348,376,000	293,512,000	299,660,000	381,174,000	300,639,000	304,656,000	343,470,000	340,606,000	289,423,000	257,795,000	238,044,000	280,284,000	236,347,000	215,187,000	169,036,000	228,332,000	192,113,000	182,645,000	146,743,000	187,780,000	148,208,000	132,210,000	113,248,000	138,044,000	102,037,000	89,722,000	75,657,000	109,796,000	57,313,000	104,823,000	115,986,000	151,505,000	102,299,000	122,196,000	90,045,000	133,942,000	105,382,000	105,795,000	100,672,000	133,447,000	93,814,000	97,959,000	97,065,000
accrued expenses	1,226,100,000	1,355,000,000	1,266,000,000	1,253,400,000	1,115,700,000	1,259,700,000	1,057,500,000	1,094,300,000	988,100,000	1,123,600,000	967,600,000	932,300,000	832,000,000	896,800,000	772,900,000	678,400,000																																																											261,138,000	218,445,000	195,196,000		231,310,000	213,730,000	192,305,000
other current liabilities	33,000,000	40,500,000	37,900,000	42,100,000	37,900,000	36,400,000	40,100,000	41,200,000	39,500,000	43,100,000	34,400,000	31,900,000	42,700,000
current liabilities held for sale	6,500,000	50,500,000														94,300,000
total current liabilities	2,133,900,000	2,243,300,000	2,547,500,000	2,503,900,000	2,311,500,000	2,293,200,000	2,252,700,000	1,975,000,000	1,860,600,000	1,933,800,000	2,438,300,000	2,414,900,000	2,298,400,000	2,328,600,000	2,212,700,000	2,340,200,000	2,250,900,000	2,230,100,000	1,844,800,000	1,822,100,000	1,856,900,000	1,889,400,000	2,239,000,000	1,907,600,000	1,513,000,000	1,527,990,000	1,546,125,000	1,332,378,000	1,248,108,000	1,197,374,000	1,285,840,000	1,115,170,000	1,114,495,000	1,130,311,000	1,195,038,000	1,048,106,000	986,385,000	959,751,000	986,078,000	881,869,000	794,253,000	826,783,000	909,620,000	751,659,000	750,057,000	850,810,000	825,302,000	725,372,000	687,014,000	748,070,000	816,736,000	639,169,000	599,628,000	631,029,000	700,906,000	592,616,000	560,140,000	615,531,000	595,685,000	533,637,000	561,261,000	584,210,000	455,349,000	362,153,000	309,341,000	343,074,000	378,226,000	283,589,000	323,225,000	404,833,000	439,620,000	379,807,000	355,363,000	388,246,000	419,757,000	340,584,000	305,965,000	361,420,000	374,908,000	321,824,000	299,899,000
long-term financing obligations	2,056,200,000	1,504,700,000	1,299,800,000	1,392,300,000	1,621,400,000	1,638,100,000	1,725,600,000	2,089,400,000	2,014,200,000	1,854,400,000	1,655,600,000	1,507,600,000	1,549,300,000
other long-term liabilities	290,500,000	306,100,000	297,700,000	297,900,000	282,400,000	293,400,000	296,500,000	292,600,000	300,800,000	297,000,000	292,700,000	282,300,000	273,600,000	167,700,000	165,200,000	173,700,000	186,700,000	185,500,000	181,700,000	179,400,000	179,500,000	166,500,000	159,300,000	150,500,000	141,400,000	143,955,000	131,731,000	128,360,000	122,654,000	122,570,000	122,728,000	127,529,000	123,680,000	120,398,000	107,182,000	100,625,000	94,021,000	90,497,000	77,025,000	78,511,000	76,076,000	74,188,000	105,280,000	102,997,000	101,081,000	96,951,000	85,246,000	86,301,000	85,369,000	69,730,000	56,454,000	51,187,000	62,080,000	53,578,000
total liabilities	4,480,600,000	4,054,100,000	4,145,000,000	4,194,100,000	4,215,300,000	4,224,700,000	4,274,800,000	4,357,000,000	4,175,600,000	4,085,200,000	4,386,600,000	4,204,800,000	4,121,300,000	4,103,800,000	4,062,000,000	4,153,900,000	3,996,900,000	3,810,300,000	3,645,100,000	3,391,000,000	3,434,800,000	3,475,600,000	3,819,600,000	3,545,300,000	3,755,400,000	3,308,729,000	3,502,585,000	3,401,517,000	3,520,494,000	3,251,063,000	3,240,159,000	2,349,200,000	2,234,847,000	2,146,217,000	2,225,771,000	2,250,470,000	2,290,904,000	2,223,829,000	1,532,884,000	1,460,435,000	1,436,716,000	1,396,340,000	1,357,788,000	1,280,065,000	1,203,810,000	1,200,140,000	1,169,790,000	1,212,538,000	1,138,578,000	1,141,462,000	991,537,000	802,939,000	769,051,000	795,962,000	812,347,000	706,012,000	673,574,000	727,968,000	702,841,000	639,821,000	667,907,000	690,656,000	674,142,000	581,510,000	528,571,000	559,112,000	582,750,000	541,797,000	574,129,000	614,121,000	664,201,000	648,422,000	624,190,000	596,899,000	624,852,000	546,143,000	554,405,000	611,420,000	452,908,000	412,824,000	379,899,000
deferred compensation	5,800,000	6,700,000	6,500,000	4,500,000	4,500,000	6,400,000	9,400,000	9,100,000	11,200,000	10,300,000	11,200,000	15,600,000	13,800,000	12,600,000	12,000,000	11,400,000	11,400,000	11,200,000	11,500,000	11,900,000	17,900,000	12,300,000	16,200,000	14,200,000	6,700,000	13,598,000	11,615,000	10,607,000	8,724,000	6,837,000	9,620,000	12,768,000	11,298,000	11,717,000	11,331,000	10,725,000	9,249,000	8,728,000	9,110,000	11,027,000	12,190,000	9,645,000	14,923,000	16,743,000	14,695,000	13,528,000	16,340,000	12,091,000	10,022,000	8,421,000																																-3,523,000
shareholders’ equity:
preferred stock 0.01 par value per share...
common stock 0.01 par value per share...	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000	600,000		600,000	600,000	600,000		600,000	600,000	600,000		612,000	611,000
additional paid-in capital	1,348,800,000	1,328,900,000	1,316,900,000	1,299,900,000	1,278,800,000	1,265,900,000	1,254,200,000	1,243,000,000	1,243,800,000	1,231,800,000	1,221,700,000	1,186,900,000	1,168,900,000	1,152,100,000	1,155,500,000	1,161,400,000	1,142,800,000	1,143,800,000	1,134,600,000	1,110,000,000	1,082,500,000	983,900,000	972,800,000	921,300,000	898,400,000	892,849,000	867,185,000	844,578,000	820,788,000	807,986,000	799,607,000	791,148,000	755,888,000	733,894,000	688,798,000	679,689,000	664,044,000	650,162,000	639,325,000	626,854,000	608,039,000	596,143,000	583,438,000	567,294,000	543,828,000	486,005,000	452,137,000	410,499,000	390,399,000	360,616,000	353,434,000	321,182,000	288,068,000	268,515,000	233,770,000	219,105,000	185,390,000	165,518,000	72,636,000	89,051,000	64,342,000	79,257,000	50,132,000	24,861,000	12,684,000	9,992,000
accumulated deficit	-560,300,000
accumulated other comprehensive loss	-38,700,000	-32,100,000	-40,700,000	-43,700,000	-98,200,000	-125,500,000	-86,300,000	-88,100,000	-63,600,000	-57,500,000	-80,300,000	-63,100,000	-74,700,000	-87,500,000	-119,000,000	-93,700,000	-69,800,000	-77,400,000	-73,900,000	-63,500,000	-72,500,000	-58,400,000	-84,900,000	-99,600,000	-108,000,000	-72,720,000	-83,591,000	-70,820,000	-69,710,000	-62,973,000	-54,534,000	-54,293,000	-30,037,000	-45,629,000	-44,003,000	-54,442,000	-70,065,000	-83,837,000	-66,623,000	-70,789,000	-59,811,000	-62,492,000	-56,441,000	-54,701,000	-55,825,000
total shareholders’ equity	750,400,000	828,400,000	1,149,500,000	1,185,100,000	1,226,400,000	1,289,900,000	1,341,500,000	1,338,100,000	1,378,100,000	1,418,400,000	1,332,700,000	1,246,500,000	1,152,100,000	1,099,000,000	1,016,900,000	1,071,400,000	1,118,600,000	1,224,300,000	1,211,800,000	1,120,600,000	1,059,400,000	1,144,500,000	947,500,000	753,000,000	1,001,600,000	1,107,999,000	1,013,043,000	951,909,000	879,202,000	867,015,000	898,252,000	877,510,000	973,462,000	931,659,000	895,964,000	853,777,000	835,846,000	867,040,000	928,331,000	924,182,000	930,867,000	981,477,000	937,360,000	884,746,000	862,278,000	861,267,000	822,702,000	694,420,000	615,849,000	535,605,000	931,682,000	807,463,000	731,838,000	690,530,000	659,081,000	570,339,000	549,259,000	500,056,000	495,219,000	451,441,000	389,176,000	370,991,000	297,915,000	239,798,000	212,361,000	204,541,000	177,218,000	149,441,000	137,667,000	137,027,000	138,894,000	137,959,000	145,012,000	172,982,000	183,258,000	194,832,000	177,416,000	167,371,000	333,172,000	349,401,000	372,931,000
noncontrolling interest	4,700,000	4,500,000	4,400,000	4,300,000	4,200,000	4,200,000	4,000,000	4,700,000	2,500,000	2,400,000	2,500,000	2,700,000	2,700,000	2,500,000	2,500,000	2,200,000	2,000,000	2,000,000	1,900,000	1,700,000	1,600,000	300,000	300,000	200,000	200,000	203,000	179,000	179,000	297,000
total equity	755,100,000	832,900,000	1,153,900,000	1,189,400,000	1,230,600,000	1,294,100,000	1,345,500,000	1,342,800,000	1,380,600,000	1,420,800,000	1,335,200,000	1,249,200,000	1,154,800,000	1,101,500,000	1,019,400,000	1,073,600,000	1,120,600,000	1,226,300,000	1,213,700,000	1,122,300,000	1,061,000,000	1,144,800,000	947,800,000	753,200,000	1,001,800,000	1,108,202,000	1,013,222,000	952,088,000	879,499,000
total liabilities and equity	5,241,500,000	4,893,700,000	5,305,400,000	5,388,000,000	5,450,400,000	5,525,200,000	5,629,700,000	5,708,900,000	5,567,400,000	5,516,300,000	5,733,000,000	5,469,600,000	5,289,900,000	5,217,900,000	5,093,400,000	5,238,900,000	5,128,900,000	5,047,800,000	4,870,300,000	4,525,200,000	4,513,700,000	4,632,700,000	4,783,600,000	4,312,700,000	4,763,900,000	4,430,529,000	4,527,422,000	4,364,212,000	4,408,717,000
(accumulated deficit) retained earnings		-469,000,000	-127,300,000	-71,700,000
retained earnings					45,200,000	148,900,000	173,000,000	182,600,000	197,300,000	243,500,000	190,700,000	122,100,000	57,300,000	33,800,000	-20,200,000	3,100,000	45,000,000	157,300,000	150,500,000	73,500,000	48,800,000	218,400,000	59,000,000	-69,300,000	210,600,000	287,256,000	228,837,000	177,540,000	127,513,000	121,393,000	152,561,000	140,033,000	246,980,000	242,763,000	250,544,000	227,904,000	241,237,000	300,084,000	354,988,000	367,476,000	381,993,000	447,173,000	409,707,000	371,492,000	373,610,000	401,840,000	372,128,000	265,667,000	204,157,000	155,572,000	560,773,000	476,661,000	431,379,000	409,091,000	413,070,000	342,243,000	350,917,000	321,831,000	403,020,000	350,857,000	317,489,000	285,494,000	241,459,000	211,949,000	197,896,000	191,399,000	169,755,000	147,751,000	139,941,000	140,559,000	117,281,000	103,459,000	110,534,000	146,763,000	164,008,000	179,556,000	160,979,000	152,219,000	324,322,000	342,345,000	371,537,000	375,193,000
long-term assets held for sale																37,300,000
current portion of debt, finance lease obligations and notes payable														553,600,000	553,500,000	553,300,000	553,300,000	553,300,000	53,300,000	53,100,000	142,100,000		542,100,000	536,500,000	166,700,000		66,664,000	66,505,000	66,512,000
current operating lease liabilities														24,100,000	22,200,000	24,200,000	43,500,000	39,300,000	39,400,000	35,400,000	33,600,000	34,700,000	33,600,000	35,300,000	36,900,000	34,904,000	34,179,000	35,084,000	34,814,000
income taxes payable														6,500,000	13,300,000	11,200,000	14,400,000	17,200,000	33,600,000	35,200,000	32,900,000	22,000,000	38,000,000	7,900,000	3,700,000	5,867,000	4,632,000	6,094,000	5,144,000	4,545,000	8,963,000	5,973,000	6,599,000	10,737,000	27,448,000	9,725,000	2,332,000	2,106,000	11,898,000	9,728,000	9,985,000	6,741,000	34,269,000	9,553,000	19,698,000	11,344,000	3,219,000	4,530,000	27,333,000	9,254,000	43,765,000	16,539,000	18,017,000	4,973,000	3,286,000	1,873,000	167,000	639,000	1,598,000	2,271,000	12,245,000	2,604,000	4,559,000	4,099,000	3,562,000	6,702,000	17,933,000	15,321,000	7,377,000	3,373,000	12,117,000	22,673,000	6,425,000	4,806,000	20,393,000	12,470,000	684,000	3,940,000	8,137,000	11,657,000	4,947,000	9,428,000
long-term income taxes payable														11,700,000	14,700,000	14,000,000	13,700,000	13,300,000	16,300,000	16,100,000	15,300,000	14,400,000	21,300,000	20,000,000	25,200,000	28,092,000	26,639,000	28,380,000	29,379,000	28,602,000	26,805,000	25,332,000	22,432,000	20,114,000	22,036,000	27,764,000	26,559,000	26,391,000	25,241,000	23,864,000	25,150,000	23,416,000	15,201,000	10,429,000	10,091,000	10,568,000	12,928,000	13,377,000	13,405,000	14,292,000	14,443,000	8,279,000			6,749,000	8,437,000	8,120,000		7,156,000	6,184,000
finance lease obligations														9,900,000	9,400,000	10,500,000	11,500,000	12,100,000	12,700,000	13,400,000	13,600,000	14,700,000	14,400,000	14,200,000	14,300,000	14,814,000	14,840,000	15,780,000	15,926,000
long-term debt														1,494,300,000	1,571,500,000	1,453,000,000	1,382,500,000	1,235,300,000	1,457,300,000	1,264,800,000	1,278,100,000	1,293,900,000	1,307,900,000	1,377,300,000	1,982,500,000	1,512,000,000	1,702,119,000	1,815,783,000	2,018,844,000	1,879,887,000	1,781,020,000	1,055,367,000	945,737,000	846,915,000	873,698,000	1,046,721,000	1,157,328,000	1,120,525,000	412,844,000	444,126,000	507,499,000	438,560,000	276,819,000	363,417,000	291,688,000	200,000,000	200,000,000	337,000,000	300,000,000	280,500,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000	100,000,000
deferred tax liabilities														4,600,000	4,900,000	5,200,000	5,400,000	5,500,000	4,200,000	4,300,000	4,300,000	4,400,000	3,500,000	3,300,000	3,400,000	3,952,000	4,741,000	5,357,000	5,847,000	6,490,000	7,054,000	8,667,000	10,006,000	10,128,000	9,366,000	9,009,000	9,086,000	9,127,000	12,574,000	12,887,000	13,728,000	13,733,000	15,913,000	16,446,000	15,719,000	18,191,000	21,100,000	22,982,000	24,067,000	25,028,000
long-term operating lease liabilities														87,000,000	83,600,000	89,100,000	146,200,000	128,500,000	128,100,000	90,900,000	87,100,000	92,300,000	74,200,000	72,400,000	75,600,000	77,926,000	76,390,000	75,479,000	79,736,000
long-term liabilities held for sale																68,200,000
accrued expenses:
compensation																	118,900,000	223,900,000	241,300,000	211,400,000	148,800,000	215,400,000	194,600,000	127,100,000	79,200,000	184,514,000	169,989,000	140,205,000	92,107,000	167,857,000	160,033,000	129,719,000	85,997,000	168,014,000	148,280,000	116,341,000	72,915,000	122,214,000	112,025,000	80,348,000	60,168,000	106,486,000	104,336,000	68,246,000	56,583,000	102,379,000	96,055,000	64,782,000	50,870,000	143,504,000	129,311,000	85,206,000	65,666,000	139,140,000	159,637,000	123,168,000	109,395,000	187,671,000	160,414,000	138,490,000	98,912,000	126,781,000	92,382,000	56,699,000	39,190,000	55,313,000	44,858,000	30,016,000	22,083,000	56,567,000	55,767,000	40,821,000	28,784,000	55,465,000				42,333,000
warranties																	128,300,000	135,100,000	137,100,000	142,200,000	139,900,000	140,800,000	140,600,000	134,200,000	132,800,000	136,184,000	137,114,000	132,758,000	116,217,000	121,824,000	122,544,000	106,155,000	116,286,000	123,840,000	112,085,000	108,403,000	109,852,000	119,274,000	130,054,000	76,873,000	67,207,000	56,474,000	55,097,000	45,099,000	48,634,000	53,104,000	51,394,000	44,811,000	47,224,000	52,818,000	48,102,000	42,717,000	40,941,000	47,723,000	41,571,000	38,685,000	40,430,000	44,355,000	36,724,000	31,862,000	31,029,000	32,651,000	29,602,000	24,661,000	22,344,000	25,520,000	28,206,000	25,372,000	24,244,000	28,631,000	27,654,000	26,059,000	26,816,000	31,782,000				27,303,000
sales promotions and incentives																	79,100,000	96,900,000	76,900,000	59,700,000	111,900,000	138,100,000	133,100,000	132,600,000	186,500,000	189,883,000	198,566,000	182,089,000	181,881,000	167,621,000	187,307,000	184,811,000	174,610,000	162,298,000	192,568,000	176,978,000	179,587,000	158,562,000	162,853,000	138,679,000	147,204,000	141,057,000	145,091,000	130,158,000	136,653,000	138,630,000	142,195,000	129,161,000	133,058,000	123,089,000	120,004,000	98,006,000	109,601,000	107,008,000	105,340,000	79,955,000	84,887,000	81,228,000	80,234,000	74,869,000	76,118,000	75,494,000	83,420,000	66,297,000	65,805,000	67,055,000	77,345,000	64,497,000	72,264,000	75,211,000	89,968,000	80,291,000	83,472,000	79,233,000				65,226,000
dealer holdback																	90,600,000	98,900,000	79,700,000	97,400,000	95,400,000	121,700,000	109,700,000	138,600,000	121,100,000	145,823,000	136,437,000	138,726,000	112,705,000	125,003,000	124,259,000	125,016,000	107,829,000	114,196,000	117,934,000	116,804,000	104,905,000	117,574,000	116,386,000	119,833,000	111,480,000	123,276,000	101,261,000	120,258,000	107,087,000	120,093,000	111,259,000	102,890,000	90,374,000	100,600,000	94,142,000	84,570,000	75,659,000	86,733,000	75,983,000	71,998,000	60,407,000	76,512,000	61,196,000	67,508,000	52,263,000	79,688,000	55,029,000	65,092,000	48,068,000	72,229,000	55,620,000	53,698,000	53,666,000	80,941,000	61,232,000	72,633,000	53,975,000	83,867,000				80,546,000
other																	244,300,000	268,100,000	255,300,000	288,400,000	283,200,000	292,400,000	256,600,000	249,800,000	230,000,000	213,892,000	214,038,000	212,067,000	201,790,000	197,687,000	179,738,000	161,659,000	191,057,000	186,103,000	183,030,000	164,486,000	165,890,000	162,432,000	139,145,000	103,211,000	99,802,000	88,030,000	83,553,000	72,758,000	74,543,000	79,262,000	77,765,000	86,656,000	77,284,000	77,480,000	87,810,000	72,487,000	71,930,000	73,529,000	84,150,000	82,194,000	79,473,000	75,730,000	66,189,000	68,879,000	56,934,000	52,194,000	50,463,000	41,418,000	38,800,000	38,748,000	42,618,000	35,522,000	36,918,000	42,274,000	39,135,000	32,789,000	31,393,000	40,746,000				37,038,000
liabilities and shareholders’ equity
preferred stock 0.01 par value...
common stock 0.01 par value...																		600,000				600,000				614,000			611,000	609,000	618,000	622,000	631,000	631,000	625,000	626,000	630,000	631,000	641,000	641,000	646,000	653,000	656,000	661,000	665,000	663,000	664,000	660,000	659,000	656,000	693,000	689,000	685,000	686,000	687,000	684,000	686,000	684,000	687,000	345,000	341,000	342,000	336,000	332,000	329,000	326,000	327,000	326,000	326,000	325,000	324,000	327,000	331,000	342,000	350,000	357,000	356,000	355,000	394,000	405,000	415,000	417,000
property and equipment:
land, buildings and improvements																						517,200,000				502,853,000				462,224,000				410,604,000				386,366,000				301,874,000				272,802,000				228,916,000				133,688,000				123,771,000				118,831,000				118,304,000				117,396,000				105,377,000				104,612,000				99,106,000
equipment and tooling																						1,499,500,000				1,390,541,000				1,245,312,000				1,137,183,000				1,080,239,000				995,449,000				826,997,000				701,101,000				557,880,000				524,382,000				488,562,000				454,023,000				478,793,000				463,757,000				422,482,000				415,446,000
less: accumulated depreciation																						-1,127,900,000				-993,585,000				-864,414,000				-800,598,000				-739,009,000				-646,645,000				-544,371,000				-474,850,000
current portion of debt, finance lease obligations, and notes payable																						142,100,000				166,695,000
property and equipment: - sum																										1,893,394,000				1,707,536,000				1,547,787,000				1,466,605,000				1,297,323,000								930,017,000				691,568,000				648,153,000				607,393,000				572,327,000				596,189,000
current portion of debt, capital lease obligations, and notes payable																														66,543,000				47,746,000				3,847,000				5,059,000
capital lease obligations																														16,140,000	16,712,000	17,135,000	18,497,000	18,351,000	18,451,000	18,245,000	17,525,000	17,538,000	19,122,000	19,178,000	20,010,000	19,660,000				23,620,000	25,214,000	27,506,000	28,723,000	3,842,000	3,904,000	4,304,000	3,727,000	4,292,000	4,692,000	4,959,000	5,314,000	4,600,000
total liabilities and shareholders’ equity																														4,124,915,000	4,148,031,000	3,239,478,000	3,219,607,000	3,089,593,000	3,133,066,000	3,114,972,000	3,135,999,000	3,099,597,000	2,470,325,000	2,395,644,000	2,379,773,000	2,387,462,000	2,310,071,000	2,181,554,000	2,080,783,000	2,074,935,000	2,008,832,000	1,919,049,000	1,764,449,000	1,685,488,000	1,923,219,000	1,610,402,000	1,500,889,000	1,486,492,000	1,471,428,000	1,276,351,000	1,222,833,000	1,228,024,000	1,198,060,000	1,091,262,000	1,057,083,000	1,061,647,000	972,057,000	821,308,000	740,932,000	763,653,000	759,968,000	691,238,000	711,796,000	751,148,000	803,095,000	786,381,000	769,202,000	769,881,000	808,110,000	740,975,000	731,821,000	778,791,000	786,080,000	762,225,000	752,830,000
current portion of debt, capital lease obligations and notes payable																															66,595,000	40,120,000	65,245,000		27,835,000	2,831,000	2,888,000		4,746,000	4,821,000	4,895,000		4,839,000
liabilities and shareholders' equity
capital lease obligations and notes payable																																											34,955,000	35,117,000	35,174,000
current portion of capital lease obligations and notes payable																																												4,948,000
current portion of capital lease obligations																																													2,203,000	2,528,000	2,809,000	3,119,000	3,076,000	3,281,000	3,318,000	3,297,000	2,627,000	2,887,000	2,607,000	2,630,000	2,736,000	2,653,000
accumulated other comprehensive income																																														-27,241,000	-2,227,000	17,594,000	20,634,000	18,761,000	16,782,000	8,931,000	11,706,000	12,238,000	11,554,000	8,307,000	12,266,000	12,023,000	18,876,000	11,188,000	7,004,000	5,898,000	5,988,000	2,656,000	1,452,000	2,824,000	7,136,000	1,364,000	-2,600,000	-3,857,000	21,289,000	34,173,000	34,147,000	25,877,000	18,900,000	14,919,000	16,081,000	14,797,000	8,456,000	6,651,000	979,000	-2,430,000
investment in other affiliates																																															21,502,000	18,622,000	15,102,000	15,956,000	16,775,000	17,901,000	12,421,000	12,817,000	12,000,000	5,000,000	5,000,000
current liabilities of discontinued operations																																																			10,000,000								1,550,000	1,550,000	1,550,000	1,550,000	1,850,000	1,850,000	1,850,000	1,850,000	1,850,000	1,850,000	1,850,000	1,850,000	2,242,000	2,242,000	2,302,000	2,302,000		4,287,000		4,362,000
long term income taxes payable																																																					3,616,000	7,063,000				7,837,000			5,835,000	5,509,000	4,045,000	5,659,000	5,087,000	4,988,000	4,481,000	5,106,000	4,938,000	5,103,000	4,581,000	7,615,000	8,827,000	8,653,000
less accumulated depreciation																																																						-438,199,000				-434,375,000				-423,382,000				-377,911,000				-380,552,000				-364,783,000				-323,093,000				-292,216,000
investments in finance affiliate																																																										42,251,000		35,567,000	38,517,000	37,169,000	33,479,000	31,857,000	37,422,000	41,332,000	40,847,000	43,352,000	47,741,000	51,565,000	45,532,000	45,987,000	49,365,000	53,801,000	45,173,000	45,521,000	47,879,000	55,629,000	53,106,000	49,872,000
investments in other affiliates																																																										5,000,000
current portion of long-term borrowings under credit agreement																																																														100,000,000
deferred income taxes																																																													811,000	937,000	14,748,000	13,698,000	61,667,000	11,050,000	43,000	3,102,000	75,894,000	4,185,000					5,416,000	3,282,000	55,927,000		1,172,000	1,693,000	55,430,000	60,498,000
investments in manufacturing affiliates																																																											882,000	975,000	990,000	1,009,000	1,183,000	9,461,000	9,792,000	10,536,000	11,262,000	10,656,000	11,466,000	15,641,000	28,244,000	32,330,000	33,017,000	32,110,000	28,981,000	27,929,000	43,097,000	99,433,000	97,348,000	93,741,000	90,583,000	87,772,000
current portion of long term borrowings under credit agreement																																																													100,000,000
long-term borrowings under credit agreement																																																													100,000,000	100,000,000
goodwill and intangible assets																																																															27,880,000	27,579,000	27,890,000
borrowings under credit agreement																																																															200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	250,000,000	244,000,000	200,000,000	220,000,000	261,000,000	260,000,000	200,000,000	200,000,000	200,000,000	243,000,000	250,000,000	78,000,000	91,000,000	80,000,000	18,000,000
goodwill																																																																		25,869,000	25,589,000	25,105,000	24,540,000	24,693,000	25,960,000	26,190,000	26,088,000	26,447,000	26,255,000	25,737,000	25,082,000	25,040,000	25,387,000	25,345,000	25,029,000	25,039,000
current assets
intangible and other assets																																																																										44,000	66,000	88,000		132,000	154,000	175,000
intangibles and other assets																																																																									22,000				110,000				198,000	220,000
property and equipment - sum																																																																										569,134,000				527,094,000				514,552,000
net property and equipment																																																																										204,351,000				204,001,000
current liabilities from discontinued operations																																																																											4,284,000		4,290,000		2,014,000	2,623,000	4,688,000	5,393,000
long term taxes payable																																																																											5,095,000	5,559,000	5,440,000
current assets of discontinued operations
current assets from discontinued operations																																																																																	3,000	113,000
trade receivables, net of allowance																																																																																		78,350,000
investments in finance affiliate and retail credit deposit																																																																																		59,601,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-06-30	2009-03-31	2008-12-31	2008-06-30	2008-03-31	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-06-30	2006-03-31

operating activities:
net loss	-47,200,000
adjustments to reconcile net loss to net cash from operating activities:
depreciation and amortization	63,200,000	67,600,000	72,600,000	72,900,000	73,400,000	79,500,000	74,400,000	69,500,000	62,900,000	72,000,000	66,400,000	58,700,000	61,800,000	62,900,000	56,200,000	52,400,000	61,300,000	58,900,000	59,900,000	58,700,000	59,600,000	70,200,000	63,400,000	64,700,000	62,400,000	61,510,000	61,057,000	57,531,000	54,415,000	55,126,000	57,326,000	45,864,000	52,720,000	53,003,000	46,981,000	46,586,000	44,538,000	45,609,000	43,794,000	40,215,000	37,894,000	39,236,000	40,530,000	35,291,000	37,081,000	36,466,000	34,260,000	28,712,000	28,069,000	27,736,000	25,085,000	19,373,000	19,906,000	19,091,000	18,812,000	15,870,000	16,807,000	15,698,000	15,697,000	16,213,000	18,782,000	16,903,000	31,562,000	16,037,000	17,943,000	28,658,000	15,089,000	20,729,000	27,098,000	13,546,000	17,896,000	26,067,000	12,792,000	18,884,000	30,782,000	14,117,000
noncash compensation	20,700,000	10,800,000	16,300,000	20,200,000	12,600,000	10,800,000	10,000,000	15,900,000	12,500,000	12,600,000	15,200,000	14,900,000	14,700,000	15,400,000	18,700,000	15,500,000	13,300,000	15,400,000	20,000,000	16,300,000	8,900,000	5,900,000	27,700,000	19,800,000	11,900,000	18,403,000	22,326,000	22,142,000	12,091,000	20,747,000	10,218,000	20,969,000	12,032,000	15,805,000	2,833,000	19,080,000	12,336,000	14,790,000	4,755,000	22,876,000	15,506,000	8,287,000	19,190,000	17,358,000	17,094,000	15,976,000	18,934,000	15,488,000	12,785,000	11,589,000	12,261,000	23,692,000	10,351,000	8,456,000	8,626,000	11,272,000	7,066,000	5,733,000	5,142,000	5,083,000	4,590,000	4,592,000	9,321,000	3,559,000	2,838,000	4,753,000	2,334,000	4,121,000	9,880,000	4,822,000	3,961,000	10,573,000	5,208,000	3,712,000	7,534,000	5,628,000
noncash income from financial services	-9,700,000	-9,800,000	-9,700,000	-10,900,000	-11,700,000	-12,400,000	-13,600,000	-14,000,000	-13,800,000	-12,400,000	-10,800,000	-9,600,000	-8,700,000	-6,600,000	-4,000,000	-2,200,000	-2,300,000	-2,000,000	-1,400,000	-1,700,000	-2,600,000	-3,500,000	-3,100,000	-4,100,000	-7,800,000	-8,765,000	-8,239,000	-7,810,000	-7,655,000	-7,898,000	-7,606,000	-7,623,000	-7,003,000	-6,896,000	-6,803,000	-6,240,000	-7,088,000	-7,762,000	-7,526,000	-7,425,000	-7,403,000	-7,595,000	-8,053,000	-6,963,000	-6,794,000	-7,867,000	-6,275,000	-2,960,000	-1,543,000	-1,543,000	-1,056,000	-1,332,000	-1,052,000	-1,420,000	-880,000	-856,000	-743,000	-1,046,000			-1,178,000	-1,261,000	-2,293,000	-1,204,000	-1,045,000			-1,258,000	-2,303,000		-1,424,000	-2,514,000		-3,199,000	-7,567,000	-3,845,000
deferred income taxes	4,300,000	-101,400,000	-17,500,000	-25,800,000	5,600,000	-52,200,000	-12,700,000	-17,500,000	-4,300,000	-50,300,000	-9,900,000	-16,100,000	-10,500,000	-60,800,000	44,900,000	-42,400,000	9,400,000	-1,900,000	-1,600,000	-400,000	19,100,000	10,400,000	-1,500,000	-93,400,000	800,000	-350,000	-3,231,000	-4,574,000	-1,329,000	27,611,000	-2,467,000	-1,817,000	113,000	76,317,000	1,380,000	-6,648,000	2,565,000	-17,922,000	-3,258,000	-5,791,000	915,000	-11,063,000	-4,773,000	-6,375,000	5,868,000	-39,473,000	-3,125,000	-5,528,000	-2,262,000	4,889,000	-4,425,000	-5,186,000	-1,170,000	-23,624,000	-2,049,000	-1,222,000	-2,006,000	-10,542,000	622,000	-5,624,000	-1,402,000	-12,465,000	3,769,000	2,466,000	19,785,000	-997,000	-1,984,000	6,676,000	-4,153,000	4,592,000	378,000	-904,000	1,562,000	-4,271,000	4,724,000	4,411,000
loss on disposal groups	31,600,000
other	1,600,000	5,900,000	1,100,000	-1,300,000	-500,000	1,300,000	-1,300,000	700,000	-600,000	5,400,000	-5,800,000	300,000	-700,000	100,000	-200,000											0	514,000	455,000	606,000	1,129,000	-1,356,000	2,438,000	-10,700,000	-1,438,000	1,603,000	1,336,000	1,900,000	1,435,000	8,386,000	1,583,000	2,058,000	2,086,000	1,345,000	281,000	3,090,000
changes in operating assets and liabilities:
trade receivables	-17,100,000	-8,500,000	-5,300,000	-5,300,000	-15,000,000	22,200,000	36,600,000	-1,800,000	46,400,000	180,500,000	-182,000,000	31,400,000	19,100,000	-1,900,000	-41,700,000	-68,600,000	-10,400,000	-8,400,000	-25,500,000	19,500,000	14,200,000	-7,600,000	-42,400,000	-24,200,000	18,000,000	30,425,000	3,328,000	-15,757,000	-11,184,000	21,677,000	-6,317,000	-10,261,000	15,587,000	-16,617,000	-12,817,000	10,998,000	1,372,000	-3,656,000	-9,058,000	-19,453,000	34,197,000	26,098,000	-27,821,000	23,772,000	26,749,000	-54,653,000	-22,420,000	16,862,000	36,037,000	-29,344,000	-6,414,000	-7,904,000	-10,393,000	22,685,000	-258,000	3,096,000	-23,110,000	-5,552,000	26,331,000	-13,618,000	-30,276,000	8,856,000	-6,233,000	-930,000	-2,332,000	44,571,000	41,017,000	-21,323,000	9,870,000	15,772,000	-12,951,000	10,447,000	11,858,000	15,191,000	22,795,000	17,638,000
inventories	-173,000,000	106,500,000	1,300,000	74,600,000	1,200,000	230,800,000	18,600,000	-48,900,000	-161,000,000	267,000,000	-29,600,000	-74,700,000	-47,600,000	51,400,000	-33,300,000	-174,300,000	-234,900,000	100,900,000	-262,700,000	-171,600,000	-169,700,000	45,500,000	-182,200,000	213,300,000	-121,500,000	154,389,000	-145,171,000	20,931,000	-180,021,000	51,528,000	-54,568,000	-10,811,000	-135,850,000	56,663,000	-24,200,000	-10,472,000	-48,949,000	145,803,000	-61,409,000	13,234,000	14,371,000	-35,949,000	24,586,000	-71,299,000	-66,063,000	10,251,000	-32,404,000	-73,113,000	-63,210,000	42,061,000	-28,349,000	-38,864,000	-26,897,000	73,883,000	-49,244,000	-47,419,000	-13,249,000	46,501,000	-57,555,000	-33,524,000	-5,395,000	43,851,000	-43,293,000	-1,001,000	41,521,000	2,667,000	-23,288,000	46,007,000	-60,054,000	-60,920,000	39,434,000	-37,325,000	-6,205,000	13,403,000	-39,281,000	-17,984,000
accounts payable	47,500,000	-40,000,000	34,500,000	43,800,000	158,400,000	-131,400,000	-72,800,000	-6,200,000	68,600,000	-175,200,000	-14,600,000	25,700,000	20,300,000	-11,200,000	-125,100,000	26,300,000	181,700,000	-123,000,000	30,600,000	28,800,000	90,700,000	-11,900,000	243,200,000	-11,000,000	106,300,000	-135,460,000	167,177,000	-19,133,000	91,182,000	-91,826,000	45,007,000	-2,303,000	48,138,000	-68,682,000	32,622,000	2,485,000	73,091,000	-68,395,000	-39,896,000	55,534,000	-9,936,000	-81,097,000	81,768,000	-6,333,000	-40,433,000	3,567,000	53,550,000	28,939,000	19,727,000	-42,578,000	42,885,000	4,870,000	46,342,000	-60,118,000	35,867,000	10,170,000	35,452,000	-45,975,000	40,253,000	14,378,000	18,576,000	-24,807,000	26,380,000	14,065,000	-34,139,000	-58,673,000	-11,163,000	-35,519,000	12,254,000	32,151,000	-43,897,000	4,710,000	5,124,000	-32,775,000	-3,250,000	895,000
accrued expenses	-137,100,000	137,500,000	17,600,000	134,100,000	-151,800,000	210,000,000	-30,700,000	107,500,000	-128,000,000	145,300,000	38,900,000	98,100,000	-65,200,000	118,700,000	90,200,000	83,500,000	-161,300,000	40,000,000	-3,600,000	21,800,000	-114,000,000	73,400,000	58,400,000	38,400,000	-116,200,000	23,672,000	56,343,000	94,612,000	-75,662,000	5,550,000	37,313,000	40,029,000	-75,722,000	13,608,000	74,543,000	53,590,000	-47,184,000	54,000	140,297,000	36,744,000	-31,834,000	-4,439,000	59,390,000	14,062,000	-59,831,000	30,525,000	53,734,000	28,347,000	-81,942,000	32,607,000	104,776,000	-3,282,000	-80,823,000	39,720,000	68,985,000	22,800,000	-92,236,000	53,425,000	25,429,000	54,849,000	-53,035,000	55,632,000	-4,698,000	-44,658,000	10,218,000	-74,519,000	-74,449,000	9,868,000	-38,501,000	-66,653,000	29,954,000	-34,000,000	-57,250,000	21,135,000	-50,000,000	-71,425,000
income taxes payable/receivable	-40,300,000	30,900,000	11,700,000	-2,400,000	-15,900,000	37,900,000	-46,300,000	3,300,000	-5,900,000	37,500,000	-19,900,000	-28,500,000	29,500,000	68,100,000	-48,200,000	-1,000,000	-500,000	-22,400,000	-1,200,000	3,200,000	15,600,000	-21,100,000	39,600,000	30,800,000	-18,800,000	-14,820,000	-11,093,000	18,449,000	12,324,000	-33,205,000	8,887,000	5,081,000	14,747,000	-38,926,000	21,609,000	44,528,000	-3,801,000	-1,719,000	-28,805,000	7,223,000	21,304,000	-54,636,000	35,568,000	-14,420,000	33,241,000	34,214,000	17,374,000	-41,576,000	35,312,000	-28,934,000	41,974,000	-1,105,000	21,463,000	14,935,000	8,388,000	-3,266,000	31,063,000	7,199,000	-5,409,000	-15,492,000	12,359,000			-3,041,000		16,472,000	4,082,000
prepaid expenses and other	-64,700,000	-56,200,000	9,600,000	-2,500,000	93,600,000	-230,500,000	31,200,000	-31,100,000	13,900,000
net cash from operating activities	-320,200,000	178,700,000	158,800,000	320,300,000	83,200,000	206,300,000	21,000,000	146,300,000	-105,400,000	549,800,000	28,100,000	223,700,000	124,200,000	395,000,000	170,600,000	-7,900,000	-49,100,000	140,300,000	-42,200,000	139,600,000	56,000,000	342,900,000	366,000,000	381,100,000	-71,400,000	218,905,000	233,279,000	241,069,000	-38,217,000	122,974,000	188,989,000	168,338,000	-3,189,000	85,516,000	230,415,000	213,133,000	50,916,000	145,539,000	77,961,000	209,275,000	139,008,000	-23,771,000	374,093,000	85,684,000	4,225,000	148,835,000	249,522,000	86,166,000	44,747,000	111,075,000	277,651,000	55,740,000	47,774,000	161,622,000	176,115,000	79,035,000	-662,000	104,451,000	136,307,000	56,988,000	4,784,000	140,706,000	56,982,000	3,806,000	90,748,000	-8,697,000	-33,117,000	43,506,000	21,744,000	-31,465,000	61,530,000	21,182,000	-15,007,000	58,915,000	4,105,000	-43,752,000
capital expenditures	-29,700,000	-64,700,000	-42,100,000	-40,500,000	-35,600,000	-69,000,000	-53,400,000	-67,200,000	-72,100,000	-100,900,000	-105,500,000	-111,800,000	-94,400,000	-113,000,000	-74,200,000	-62,000,000	-57,400,000	-99,000,000	-84,900,000	-69,000,000	-45,400,000	-82,100,000	-43,700,000	-41,300,000	-46,800,000	-62,038,000	-52,133,000	-66,949,000	-70,254,000	-67,651,000	-53,194,000	-49,011,000	-55,558,000	-57,741,000	-44,844,000	-43,412,000	-38,391,000	-53,777,000	-37,732,000	-62,795,000	-54,833,000	-100,487,000	-60,335,000	-57,879,000	-30,784,000	-58,606,000	-44,866,000	-61,904,000	-39,703,000	-59,051,000	-98,630,000	-53,607,000	-40,113,000	-37,279,000	-24,213,000	-20,634,000	-20,957,000	-22,010,000	-21,873,000	-21,633,000	-18,968,000	-20,678,000	-20,925,000	-8,126,000	-8,718,000	-25,183,000	-13,666,000	-17,683,000	-37,570,000	-19,814,000	-19,087,000	-28,260,000	-14,307,000	-14,563,000	-27,762,000	-14,023,000
free cash flows	-349,900,000	114,000,000	116,700,000	279,800,000	47,600,000	137,300,000	-32,400,000	79,100,000	-177,500,000	448,900,000	-77,400,000	111,900,000	29,800,000	282,000,000	96,400,000	-69,900,000	-106,500,000	41,300,000	-127,100,000	70,600,000	10,600,000	260,800,000	322,300,000	339,800,000	-118,200,000	156,867,000	181,146,000	174,120,000	-108,471,000	55,323,000	135,795,000	119,327,000	-58,747,000	27,775,000	185,571,000	169,721,000	12,525,000	91,762,000	40,229,000	146,480,000	84,175,000	-124,258,000	313,758,000	27,805,000	-26,559,000	90,229,000	204,656,000	24,262,000	5,044,000	52,024,000	179,021,000	2,133,000	7,661,000	124,343,000	151,902,000	58,401,000	-21,619,000	82,441,000	114,434,000	35,355,000	-14,184,000	120,028,000	36,057,000	-4,320,000	82,030,000	-33,880,000	-46,783,000	25,823,000	-15,826,000	-51,279,000	42,443,000	-7,078,000	-29,314,000	44,352,000	-23,657,000	-57,775,000
investing activities:
purchase of property and equipment	-29,700,000	-64,700,000	-42,100,000	-40,500,000	-35,600,000	-69,000,000	-53,400,000	-67,200,000	-72,100,000	-100,900,000	-105,500,000	-111,800,000	-94,400,000	-113,000,000	-74,200,000	-62,000,000	-57,400,000	-99,000,000	-84,900,000	-69,000,000	-45,400,000	-82,100,000	-43,700,000	-41,300,000	-46,800,000	-62,038,000	-52,133,000	-66,949,000	-70,254,000	-67,651,000	-53,194,000	-49,011,000	-55,558,000	-57,741,000	-44,844,000	-43,412,000	-38,391,000	-53,777,000	-37,732,000	-62,795,000	-54,833,000	-100,487,000	-60,335,000	-57,879,000	-30,784,000	-58,606,000	-44,866,000	-61,904,000	-39,703,000	-59,051,000	-98,630,000	-53,607,000	-40,113,000	-37,279,000	-24,213,000	-20,634,000	-20,957,000	-22,010,000	-21,873,000	-21,633,000	-18,968,000	-20,678,000	-20,925,000	-8,126,000	-8,718,000	-25,183,000	-13,666,000	-17,683,000	-37,570,000	-19,814,000	-19,087,000	-28,260,000	-14,307,000	-14,563,000	-27,762,000	-14,023,000
distributions from (investment in) finance affiliate	7,400,000		25,000,000	9,100,000	7,300,000		15,900,000	11,100,000	15,400,000
investments in other affiliates	-20,000,000
sale of business	-79,300,000
net cash from investing activities	-121,600,000	-62,700,000	-17,100,000	-31,400,000	-28,300,000	-52,700,000	-52,400,000	-109,100,000	-56,700,000	-116,100,000	-155,800,000	-101,000,000	-89,100,000	-166,400,000	-50,300,000	-68,700,000	-39,200,000	-138,300,000	-85,500,000	-49,900,000	-30,200,000	-97,000,000	-16,200,000	3,300,000	-40,800,000	-59,854,000	-50,651,000	-58,741,000	-70,041,000	-101,377,000	-771,348,000	-42,648,000	-44,119,000	-62,214,000	-27,695,000	-36,445,000	-24,742,000	-721,430,000	-28,539,000	-51,784,000	-107,505,000	-119,961,000	-58,634,000	-69,314,000	-41,179,000	-83,274,000	-46,668,000	-76,459,000	-40,381,000	-75,546,000	-100,565,000	-192,068,000	-38,506,000		-36,161,000	-17,632,000	-22,184,000		-22,452,000	-45,550,000	-19,138,000						-8,706,000		-27,454,000	-14,093,000		61,448,000	56,396,000	-12,182,000	-10,466,000
financing activities:
borrowings (repayments) under revolving loan facility	558,600,000
repayments under financing obligations	-6,700,000	-1,502,800,000	-550,100,000	-909,600,000	-722,800,000	-955,500,000	-1,110,700,000	-785,900,000	-676,700,000	-1,175,400,000	-403,400,000	-821,000,000	-528,400,000
repurchase and retirement of common shares	-9,200,000	0	0	0	-2,400,000	-400,000	0	-66,300,000	-16,000,000	-19,200,000	-58,300,000	-38,300,000	-62,800,000	-126,500,000	-206,200,000	0	-172,300,000	-50,300,000	-800,000	-111,400,000	-299,100,000	-800,000	-200,000	-500,000	-48,800,000	-1,381,000	-460,000	-427,000	-6,110,000	-101,732,000	-54,564,000	-177,380,000	-14,987,000	-1,584,000	-23,255,000	-43,815,000	-21,807,000	-91,435,000	-10,505,000	-58,927,000	-84,949,000	-45,821,000	-90,056,000	-71,472,000	-86,267,000	-77,842,000	-25,000	-3,701,000	-244,000	-498,126,000	-38,000	-6,182,000	-25,687,000	-68,547,000	-10,344,000	-42,763,000	-5,871,000	-69,910,000	-29,606,000	-1,892,000	-30,964,000	0	-27,398,000	-27,166,000	-4,156,000	-282,000	-282,000	-4,296,000	-85,854,000	-48,544,000	-51,553,000	-1,278,000	-649,000	-198,268,000	-58,187,000	-16,413,000
cash dividends to shareholders	-38,700,000	-37,300,000	-37,900,000	-37,600,000	-37,500,000	-37,000,000	-36,600,000	-36,800,000	-37,300,000	-36,700,000	-36,700,000	-36,900,000	-37,000,000	-36,500,000	-37,500,000	-38,100,000	-37,900,000	-38,200,000	-38,200,000	-38,400,000	-38,600,000	-38,300,000	-38,200,000	-38,000,000	-38,000,000	-37,379,000	-37,292,000	-37,286,000	-37,144,000	-36,284,000	-37,054,000	-37,898,000	-37,796,000	-36,500,000	-36,311,000	-36,228,000	-36,384,000	-34,604,000	-35,149,000	-35,153,000	-35,430,000	-34,477,000	-34,747,000	-34,947,000	-35,114,000	-31,904,000	-31,589,000	-31,696,000	-31,719,000	-27,240,000	-28,995,000	-28,825,000	-28,662,000	-25,525,000	-25,260,000	-25,421,000	-25,328,000	-15,438,000	-15,472,000	-15,360,000	-15,315,000	-13,505,000	-26,289,000	-13,096,000	-12,603,000	-24,993,000	-12,424,000	-12,153,000	-25,221,000	-12,815,000	-11,750,000	-23,940,000	-11,922,000	-12,047,000	-25,630,000	-12,807,000
cash dividend to noncontrolling interest		-200,000	0	-100,000	-100,000	0
proceeds from stock issuances under employee plans	2,600,000	600,000	800,000	900,000	1,400,000	600,000	800,000	900,000	3,700,000	1,900,000	27,100,000	10,600,000	13,200,000	3,400,000	12,900,000	3,900,000	13,900,000	4,400,000	5,600,000	16,800,000	129,300,000	1,000,000	25,700,000	4,600,000	2,300,000	7,495,000	1,952,000	3,006,000	3,207,000	213,000	3,710,000	31,543,000	11,905,000	28,512,000	7,199,000	2,706,000	4,321,000	2,039,000	3,893,000	2,771,000	8,987,000	5,863,000	1,539,000	6,123,000	19,010,000	8,343,000	9,976,000	3,629,000	9,365,000	9,088,000	7,615,000	5,224,000	4,995,000	16,238,000	10,768,000	8,161,000	6,529,000	17,649,000	4,922,000	14,078,000	9,005,000	24,452,000	29,987,000	22,125,000	1,720,000	2,207,000	1,691,000	518,000	11,637,000	1,149,000	10,395,000	5,862,000	3,280,000	7,455,000	6,368,000	4,025,000
net cash from financing activities	506,600,000	-233,800,000	-130,300,000	-272,000,000	-56,900,000	-142,000,000	-4,600,000	-28,300,000	115,700,000	-369,900,000	88,800,000	-108,600,000	-41,600,000	-237,900,000	-112,300,000	35,500,000	-48,500,000	193,500,000	159,400,000	-236,200,000	-224,300,000	-452,600,000	-78,200,000	-270,300,000	385,700,000	-123,828,000	-148,437,000	-239,170,000	99,605,000	-39,048,000	586,132,000	-98,847,000	75,181,000	-17,436,000	-200,484,000	-189,752,000	-20,008,000	585,591,000	-72,712,000	-153,376,000	-45,010,000	75,906,000	-204,784,000	-10,370,000	19,123,000	-90,700,000	-144,678,000	7,570,000	5,237,000	-329,629,000	-9,696,000	-25,104,000	-44,606,000	-70,888,000	-17,927,000	-56,064,000	-17,633,000	-60,273,000	-36,689,000	-95,732,000	-34,822,000	14,055,000	-19,293,000	-14,139,000		26,505,000	32,591,000	-37,083,000	-35,662,000	-145,000	-58,925,000	-68,347,000	-15,840,000	-36,253,000	-2,751,000	37,926,000
impact of currency exchange rates on cash balances	-2,900,000	2,600,000	200,000	15,900,000	6,100,000	-15,000,000	4,800,000	-5,000,000	-2,800,000	8,600,000	-6,000,000	3,200,000	4,900,000	14,300,000	-12,900,000	-11,300,000	-300,000	-3,700,000	-5,000,000	2,400,000	-4,300,000	7,300,000	4,500,000	1,800,000	-4,900,000	2,333,000	-2,980,000	881,000	-993,000	-3,626,000	466,000	-8,226,000	1,856,000	219,000	2,646,000	2,948,000	4,003,000	-5,071,000	-647,000	-3,245,000	3,921,000	-2,089,000	-4,230,000	1,814,000	-8,764,000	-6,279,000	-8,198,000	-26,000	-62,000	-1,456,000	2,740,000	-1,644,000	-927,000
net increase in cash, cash equivalents and restricted cash	61,900,000	-115,200,000	11,600,000	32,800,000	4,100,000													191,800,000	26,700,000	-144,100,000	-202,800,000	-199,400,000	276,100,000	115,900,000	268,600,000	37,556,000	31,211,000	-55,961,000	-9,646,000	-21,077,000	4,239,000	18,617,000	29,729,000
cash, cash equivalents and restricted cash at beginning of period	236,300,000	0	0	0	303,000,000	0	0	0	382,900,000	0	0	0	339,700,000	0	0	0	529,100,000	0	0	0	657,500,000	0	0	0	196,300,000	0	0	0	193,126,000	0	0	0	161,618,000
cash, cash equivalents and restricted cash at end of period	298,200,000	-115,200,000	11,600,000	32,800,000	307,100,000	-3,400,000	-31,200,000	3,900,000	333,700,000	72,400,000	-44,900,000	17,300,000	338,100,000	5,000,000	-4,900,000	-52,400,000	392,000,000	191,800,000	26,700,000	-144,100,000	454,700,000	-199,400,000	276,100,000	115,900,000	464,900,000	37,556,000	31,211,000	-55,961,000	183,480,000	-21,077,000	4,239,000	18,617,000	191,347,000
supplemental cash flow information:
interest paid on financing obligations	40,000,000	21,700,000	32,900,000	33,800,000	37,100,000	29,600,000	42,400,000	31,900,000	37,600,000
income taxes paid	28,200,000	15,000,000	10,000,000	14,100,000	8,100,000	17,200,000	62,500,000	28,100,000	15,800,000	30,300,000	60,000,000	84,700,000	12,200,000	41,500,000	56,500,000	86,300,000	10,100,000	38,100,000	33,100,000	46,300,000	6,900,000	59,900,000	14,000,000	-16,900,000	8,500,000	38,930,000	34,041,000	11,935,000	2,938,000	33,821,000	19,564,000	18,807,000	1,807,000	46,890,000	4,153,000	-8,438,000	3,703,000	44,010,000	47,823,000	28,395,000	6,571,000	102,892,000	54,953,000	74,037,000	12,446,000
leased assets obtained for operating lease liabilities	2,400,000		3,400,000	4,900,000	2,500,000		2,200,000	1,000,000	7,600,000		18,200,000	15,300,000	5,100,000		2,400,000	13,500,000	28,600,000		55,000,000	12,200,000	2,700,000		9,500,000	5,000,000	7,400,000
the following presents the classification of cash, cash equivalents and restricted cash within the consolidated balance sheets:
cash and cash equivalents	282,000,000	-197,500,000	11,200,000	32,600,000	291,700,000	-3,500,000	-31,400,000	3,900,000	318,800,000	72,500,000	-45,100,000	17,500,000	322,900,000	5,600,000	4,700,000	-61,200,000	375,400,000	192,700,000	27,700,000	-143,600,000	432,400,000	-185,900,000	276,200,000	120,000,000	424,400,000	34,848,000	26,135,000	-55,358,000	151,439,000	-22,247,000	1,658,000	15,396,000	166,357,000
other long-term assets	16,200,000	100,000	400,000	200,000	15,400,000	100,000	200,000	0	14,900,000	-100,000	200,000	-200,000	15,200,000	-600,000	-100,000	-700,000	16,600,000	-900,000	-1,000,000	-500,000	22,300,000	-13,500,000	-100,000	-4,100,000	40,500,000	2,708,000	5,076,000	-603,000	32,041,000	1,170,000	2,581,000	3,221,000	24,990,000
total	298,200,000	-115,200,000	11,600,000	32,800,000	307,100,000	-3,400,000	-31,200,000	3,900,000	333,700,000	72,400,000	-44,900,000	17,300,000	338,100,000	5,000,000	-4,900,000	-52,400,000	392,000,000	191,800,000	26,700,000	-144,100,000	454,700,000	-199,400,000	276,100,000	115,900,000	464,900,000	37,556,000	31,211,000	-55,961,000	183,480,000	-21,077,000	4,239,000	18,617,000	191,347,000
net income		-303,300,000	-15,700,000	-79,100,000	-66,700,000	10,800,000	27,600,000	68,900,000	3,900,000	103,300,000	151,500,000	134,300,000	113,600,000	195,500,000	186,600,000	-4,400,000	69,900,000	86,800,000	114,800,000	158,500,000	134,200,000	198,800,000	166,900,000	-235,400,000	-5,400,000	98,955,000	88,388,000	88,145,000	48,396,000	91,474,000	95,529,000	92,540,000	55,714,000	31,474,000	81,888,000	62,041,000	-2,911,000	62,581,000	32,312,000	71,166,000	46,889,000	110,682,000	155,173,000	100,943,000	88,563,000	135,397,000	140,826,000	96,905,000	80,901,000	108,680,000	113,144,000	80,004,000	75,464,000	88,064,000	94,345,000	69,823,000	60,078,000	63,899,000	67,637,000	48,729,000	47,310,000	54,522,000	45,395,000	19,771,000	43,910,000	25,936,000	8,458,000		43,463,000	19,083,000
adjustments to reconcile net income to net cash from operating activities:
impairment charges		11,600,000																								0				2,547,000	1,467,000	1,516,000	18,733,000	0	6,635,000	0	18,760,000
loss on disposal group held for sale
investments in finance affiliate																																																										-15,882,000	-579,000	4,043,000	-170,000	-20,339,000	11,768,000	5,114,000	-16,701,000	10,284,000	4,960,000	-20,824,000	10,116,000	5,721,000		12,622,000	8,980,000
distributions from finance affiliate
investments in and distributions from other affiliates						500,000	0
acquisition of developed technology assets						0	-14,900,000
acquisitions and disposals of businesses, net of cash acquired										2,400,000
borrowings under financing obligations		1,305,900,000	456,900,000	674,400,000	704,500,000	850,300,000	1,142,500,000	859,800,000	842,000,000	859,500,000	560,100,000	777,000,000	573,400,000
current assets held for sale
goodwill impairment
investment impairment
loss from discontinued operations, net of tax														1,300,000	3,500,000
loss from sale of discontinued operations, net of tax
intangible asset and investment impairment
net cash from operating activities of continuing operations										549,800,000	28,100,000	223,700,000	124,200,000	395,100,000	179,300,000
net cash from operating activities of discontinued operations														-100,000	-8,700,000
net cash from investing activities of continuing operations										-116,100,000	-155,800,000	-101,000,000	-89,100,000	-166,400,000	-50,200,000
net cash from investing activities of discontinued operations														0	-100,000
acquisition of business, net of cash acquired																																																											0				-2,500,000	-2,500,000
net decrease in cash, cash equivalents and restricted cash									-49,200,000				-1,600,000		-4,900,000	-52,400,000	-137,100,000
loss on sale of businesses
interest paid on debt borrowings										24,000,000	37,800,000	27,000,000	31,800,000	20,200,000	25,800,000	10,400,000	14,800,000	6,800,000	16,600,000	7,700,000	13,700,000	12,800,000	18,800,000	18,000,000	17,400,000	13,226,000	22,185,000	18,597,000	22,951,000	17,796,000	16,205,000	9,387,000	7,626,000	8,916,000	6,502,000	9,421,000	6,045,000	7,102,000	2,194,000	5,558,000	979,000	4,486,000	1,085,000	4,853,000	1,027,000
prepaid expenses and others											28,700,000	-10,800,000	-2,100,000		31,100,000	-25,800,000	24,700,000		28,500,000				-4,000,000	3,000,000	-1,100,000		-1,678,000	-13,922,000	18,620,000		5,556,000	-7,284,000	8,302,000		4,141,000	-4,151,000	6,287,000	-23,109,000	-223,000	-6,631,000	15,047,000	-15,028,000	-1,372,000	4,754,000	-6,864,000	-7,996,000	8,262,000	-3,822,000	-11,139,000	-7,229,000	-13,617,000	-10,623,000	-450,000			2,733,000	-13,300,000	-1,775,000	9,299,000	-5,484,000	-3,115,000	-4,499,000	-2,683,000	-1,901,000	2,697,000	-4,642,000	-1,093,000	-8,984,000	7,454,000	5,672,000	4,495,000	-4,997,000	-1,405,000	-3,688,000	8,062,000	1,948,000
investment in finance affiliate											-200,000	7,400,000	5,300,000	-58,500,000	-17,500,000	-1,500,000	18,200,000	-75,900,000	-600,000	19,100,000	15,200,000	-111,200,000	30,000,000	44,600,000	6,000,000	-28,656,000	1,482,000	10,008,000	213,000	-34,496,000	11,771,000	10,180,000	256,000	-68,460,000	22,445,000	7,086,000	13,699,000	-37,864,000	9,193,000	13,464,000	6,566,000	-45,314,000	6,988,000	15,585,000	-346,000	-41,062,000	2,356,000	6,802,000	-678,000	-21,342,000	-1,935,000	2,419,000	1,607,000	-15,610,000	-4,948,000	3,385,000	-1,227,000
impairment of discontinued operations, net of tax
distributions from other affiliates
investment in other affiliates																						-4,100,000								-8,479,000	0	-3,817,000	11,183,000	6,485,000	-5,296,000	-120,000	-1,694,000	-4,734,000	0	-2,453,000	-4,408,000	-2,511,000	-5,287,000	-1,000	-10,049,000	-4,129,000	-4,158,000			-4,871,000	0			-996,000
proceeds from sale of businesses														1,400,000
borrowings under debt arrangements														1,623,500,000	248,000,000	548,000,000	568,000,000																														468,942,000	799,606,000	652,838,000
repayments under debt arrangements														-1,701,800,000	-129,500,000	-478,300,000	-420,200,000
loss from sale / impairment of discontinued operations, net of tax
goodwill and other intangible asset impairments																						0	0
acquisition of businesses, net of cash acquired																											0											-668,875,000	0	0	-54,830,000	-14,176,000	0			-10,814,000	0			-2,287,000	0			-40,752,000	0
borrowings under debt arrangements / finance lease obligations																			750,200,000	404,500,000	95,400,000	65,600,000	11,200,000	349,300,000	939,400,000	714,635,000	865,522,000	778,476,000	1,010,220,000
repayments under debt arrangements / finance lease obligations																			-557,400,000	-507,700,000	-111,300,000	-480,100,000	-76,700,000	-585,700,000	-469,200,000	-807,198,000	-978,159,000	-982,939,000	-870,568,000
other impairment charges
acquisition and disposal of businesses, net of cash acquired																														-29,876,000				0	0	1,000	1,644,000
excess tax benefits from share-based compensation																																						-2,170,000
borrowings under debt arrangements / capital lease obligations																														707,549,000	1,333,878,000	817,409,000	694,401,000	563,362,000	691,260,000	454,069,000	478,248,000	1,464,865,000	564,620,000	631,820,000	570,832,000	475,757,000	673,655,000	664,331,000	817,324,000
repayments under debt arrangements / capital lease obligations																														-608,794,000	-659,838,000	-732,521,000	-578,342,000	-571,226,000	-839,377,000	-566,484,000	-444,386,000	-757,444,000	-596,979,000	-693,887,000	-504,450,000	-325,769,000	-756,613,000	-579,792,000	-723,306,000
the following presents cash, cash equivalents and restricted cash by category within the consolidated balance sheets:
net increase in cash and cash equivalents																																		6,085,000	4,882,000	-10,116,000	10,169,000	4,629,000				-69,915,000	106,445,000	7,814,000	-26,595,000	-31,418,000	49,978,000	17,251,000	9,541,000	-295,556,000				4,117,000				-10,411,000	73,573,000			129,416,000	26,032,000		67,477,000	2,909,000		-16,035,000	-41,372,000	-45,703,000	-23,686,000	14,283,000	25,549,000
cash and cash equivalents at beginning of period																																		0	0	0	127,325,000	0	0	0	155,349,000	0	0	0	137,600,000	0	0	0	92,248,000	0	0	0	417,015,000	0	0	0	325,336,000	0	0	0	393,927,000	0	140,240,000	140,240,000	0	27,127,000	27,127,000	0	63,281,000	63,281,000	0	19,566,000	19,566,000	0	19,675,000	19,675,000
cash and cash equivalents at end of period																																		6,085,000	4,882,000	-10,116,000	137,494,000	4,629,000	-23,937,000	870,000	145,763,000	-69,915,000	106,445,000	7,814,000	111,005,000	-31,418,000	49,978,000	17,251,000	101,789,000	-295,556,000	170,130,000	-163,076,000	380,750,000	4,117,000	123,604,000	3,405,000	285,889,000	-10,411,000	73,573,000	-83,747,000	345,921,000	129,416,000	166,272,000	124,395,000	67,477,000	30,036,000	17,895,000	-16,035,000	21,909,000	17,578,000	-23,686,000	33,849,000	45,115,000	10,480,000	10,563,000	10,913,000
noncash activity:
property and equipment obtained through capital leases and notes payable																																										0	0	0	14,500,000
property and equipment obtained through notes payable
net decrease in cash and cash equivalents																																								870,000	-9,586,000											-163,076,000	-36,265,000			3,405,000	-39,447,000				-48,006,000			-15,845,000			-9,232,000								-9,112,000	-8,762,000
loss from discontinued operations																																																		0
tax effect of share-based compensation exercises																																										-353,000	-1,438,000	-5,387,000	-27,476,000	-10,797,000	-14,230,000	-3,055,000	-8,884,000	-6,374,000	-12,379,000	-4,489,000	-5,379,000	-12,082,000	-7,360,000	-3,966,000	-6,484,000
cash from continuing operations																																														148,835,000				117,345,000
cash from discontinued operations																																																		-6,270,000
tax effect of proceeds from share-based compensation exercises																																										353,000	1,438,000	5,387,000	27,476,000	10,797,000	14,230,000	3,055,000	8,884,000	6,374,000	12,379,000	4,489,000	5,379,000	12,082,000	7,360,000	3,966,000	6,484,000	9,759,000	3,467,000
property and equipment obtained through capital leases																																														0	0	0	24,908,000
noncash loss from other affiliates																																															1,036,000	967,000	896,000	5,785,000	631,000	586,000	412,000
repayments under debt arrangements and capital lease obligations																																															-606,212,000
repayments under debt arrangements/capital lease obligations																																																	-633,887,000
proceeds from sale of investments
borrowings under capital lease obligations																																																			250,000	1,313,000	119,000
repayments under capital lease obligations																																																			-907,000	-1,123,000	-750,000
gain on securities available for sale
noncash expense from other affiliates
net cash from investment activities																																																																												-2,936,000
borrowings under senior notes/capital lease obligations																																																						205,000	264,000
repayments under credit agreements/capital lease obligations
changes in current operating items:
repayments under credit agreement/capital lease obligations																																																							-715,000
impact of currency translation on cash balances																																																							1,577,000	-1,934,000	1,032,000		-3,593,000	547,000	1,170,000
borrowings under credit agreement/capital lease obligations																																																									553,000
loss on securities available for sale																																																														0
borrowings under credit agreement / senior notes
repayments under credit agreement																																																										-2,333,000	0						0	-218,000,000	-108,000,000	-222,000,000	-273,000,000	-124,000,000	-74,000,000	-235,000,000	-159,000,000	-438,000,000	-269,000,000	-137,000,000
noncash impairment charge on securities held for sale																																																															769,000				8,952,000
noncash loss from manufacturing affiliates																																																											93,000	14,000	20,000		918,000	643,000		196,000	63,000			-37,000			34,000
proceeds from sale of securities available for sale
borrowings under senior notes																																																											0
noncash (income) from financial services																																																																		-2,071,000	-1,135,000			-1,285,000			-1,231,000
tax effect of stock based compensation exercises																																																													-2,452,000
tax effect of proceeds from stock based compensation exercises																																																													2,452,000	3,108,000	4,407,000	3,998,000	-74,000	-427,000	-394,000	-1,152,000	2,776,000
noncash expense from manufacturing affiliates
income taxes payable																																																														10,119,000	-1,932,000						16,829,000	1,792,000	-12,029,000	14,089,000	2,184,000	-4,196,000	2,230,000	-4,480,000
net cash from continuing operations																																																																	90,748,000	-8,697,000		43,898,000	21,804,000	-31,465,000	63,802,000	21,621,000	-14,778,000	60,293,000	8,990,000	-43,087,000
net cash flow (used for) discontinued operations																																																																					-60,000			-439,000			-4,885,000
distributions from finance affiliates
borrowings under credit agreement																																																																	0	268,000,000	152,000,000	202,000,000	334,000,000	184,000,000	74,000,000	185,000,000	152,000,000	610,000,000	342,000,000	199,000,000
adjustments to reconcile net income to net cash from
(used for) operating activities:
net cash (used for) investing activities																																																															-11,657,000	-5,512,000		-14,899,000
net loss from discontinued operations																																																																							290,000	364,000	158,000	3,726,000	2,228,000	70,000
net cash flow used for discontinued operations																																																																									-229,000			-665,000
proceeds from sale of shares of manufacturing affiliate																																																																							0	77,086,000	61,723,000
supplemental cash flow information
noncash impairment charge on securities available for sale																																																																		8,952,000
net cash (used for) financing activities
net income before cumulative effect of accounting change																																																																							37,711,000	35,113,000	12,393,000	32,399,000	31,694,000	11,123,000
distributions from manufacturing affiliates
noncash income from manufacturing affiliates																																																																					-33,000		-16,000	-2,000		-28,000	-961,000	-1,183,000
tax effect of proceeds from stock-based compensation exercises																																																																						65,000
investments in finance affiliates
investment in manufacturing affiliates
tax effect of exercise of stock options																																																																								1,009,000	451,000		1,698,000	1,121,000
net cash flow from (used for) discontinued operations
net cash from continuing operations investment activities
net cash from discontinued operations investment activities
investments in finance affiliate and retail credit deposit																																																																											17,296,000	11,087,000
investments in manufacturing affiliates
investments in financial affiliates and financial services arrangements
distributions from financial affiliates and financial services arrangements

Polaris Inc(NYSE:PII)

Polaris Inc
(NYSE:PII)