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PII Polaris

Polaris Inc. is an American manufacturer of motorcycles, snowmobiles, ATV, and neighborhood electric vehicles. Polaris was founded in Roseau, Minnesota, USA, where it still has engineering and manufacturing. The company's corporate headquarters is in Medina, Minnesota. The company manufactured motorcycles through its Victory Motorcycles subsidiary until January 2017, and currently produces motorcycles through the Indian Motorcycle subsidiary, which it purchased in April 2011. Polaris produced personal watercraft from 1994–2004. The company was originally named Polaris Industries Inc. and was renamed in 2019 to Polaris Inc. Robin previously developed and supplied all-terrain vehicle and snowmobile engines for Polaris Inc. Starting in 1995 with the Polaris Magnum 425 4-stroke ATV and in 1997, with the introduction of the "twin 700" snowmobile engine Polaris started the development and production of in-house produced power plants, known as the "Liberty" line of engines, now found in many models across their current production lines. Since that time Polaris has continued to develop their in-house engine production capacity, now designing and manufacturing all of their own power plants, while maintaining the partnership with Subaru.

Company profile

Ticker
PII
Exchange
CEO
Scott Wine
Employees
Incorporated
Location
Fiscal year end
Former names
POLARIS INDUSTRIES INC/MN
SEC CIK
IRS number
411790959

PII stock data

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Calendar

15 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Polaris earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 657.5M 657.5M 657.5M 657.5M 657.5M 657.5M
Cash burn (monthly) 66.47M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 236.88M n/a n/a n/a n/a n/a
Cash remaining 420.62M n/a n/a n/a n/a n/a
Runway (months of cash) 6.3 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Apr 21 Robert Paul Mack Employee Stock Option Common Stock Option exercise Dispose M No No 89.39 2,359 210.87K 16,109
14 Apr 21 Robert Paul Mack Employee Stock Option Common Stock Option exercise Dispose M No No 98.48 5,298 521.75K 0
1 Apr 21 Bilicic George W Common Stock Grant Aquire A No No 134.93 189.91 25.62K 13,075.91
1 Apr 21 Henricks Gwenne A. Common Stock Grant Aquire A No No 134.93 180.65 24.38K 15,706
1 Apr 21 Farr Kevin M Common Stock Grant Aquire A No No 134.93 217.71 29.38K 22,840.09
1 Apr 21 Shotwell Gwynne Common Stock Grant Aquire A No No 134.93 180.65 24.38K 6,010.19
15 Mar 21 Robert Paul Mack Common Stock Sell Dispose S No Yes 145 7,657 1.11M 24,212
15 Mar 21 Robert Paul Mack Common Stock Option exercise Aquire M No No 89.39 2,359 210.87K 31,869
15 Mar 21 Robert Paul Mack Common Stock Option exercise Aquire M No No 98.48 5,298 521.75K 29,510

Financial report summary

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Risks
  • Our business may be sensitive to economic conditions, including those that impact our customers’ spending.
  • Increases in the cost of raw material, commodity, component parts, and transportation costs and shortages of certain raw materials could negatively impact our business.
  • We face intense competition in all product lines. Failure to compete effectively against competitors could negatively impact our business and operating results.
  • If we are unable to continue to enhance existing products and develop and market new or enhanced products that respond to customer needs and preferences, we may experience a decrease in demand for our products and our business could suffer.
  • Our continued success is dependent on positive perceptions of our Polaris brands which, if impaired, could adversely affect our sales.
  • Increased negative public perception of our products or any increased restrictions on the access or the use of our products in certain locations could materially adversely affect our business or results of operations.
  • Any disruption in our suppliers’ operations could disrupt our production schedule.
  • We manufacture our products at, and distribute our products from, several locations in North America and internationally. An unforeseen increase in demand for our products or any disruption at any of these facilities or manufacturing delays could adversely affect our business and operating results.
  • We depend on suppliers, financing sources and other strategic partners who may be sensitive to economic conditions that could affect their businesses in a manner that adversely affects their relationship with us.
  • Failure to establish and maintain the appropriate level of dealers and distributor relationships or weak economic conditions impacting those relationships may negatively impact our business and operating results.
  • Our operations require significant management attention and financial resources, expose us to difficulties presented by global economic, political, legal, accounting, and business factors, and may not be successful or produce desired levels of sales and profitability.
  • Weather conditions may reduce demand and negatively impact net sales and production of certain of our products.
  • Our operations are dependent upon attracting and retaining senior executives and skilled employees. Our future success depends on our continuing ability to identify, hire, develop, motivate, retain and promote skilled personnel for all areas of our organization and to retain or provide for adequate succession planning for our senior executives.
  • Our operations and sales have been adversely impacted by the COVID-19 pandemic, and we must successfully manage the demand, supply, and operational challenges associated with the actual or perceived effects of COVID-19 and the related widespread public health crisis.
  • A significant adverse determination in any material litigation claim against us could adversely affect our operating results or financial condition.
  • Significant product repair and/or replacement costs due to product warranty claims or product recalls could have a material adverse impact on our results of operations.
  • Our business, properties and products are subject to extensive United States federal and state and international safety, environmental and other government regulation and any failure to comply with these regulations could harm our reputation, expose us to damages and otherwise adversely affect our business.
  • Our reliance upon patents, trademark laws, and contractual provisions to protect our proprietary rights may not be sufficient to protect our intellectual property from others who may sell similar products and may lead to costly litigation.
  • We may be subject to cybersecurity breaches and other disruptions to our information technology systems and connected products that could adversely affect our business.
  • Fluctuations in foreign currency exchange rates could result in declines in our reported sales and net earnings.
  • Retail credit market deterioration and volatility may restrict the ability of our retail customers to finance the purchase of our products and adversely affect our income from financial services.
  • We have a significant amount of debt outstanding and must comply with restrictive covenants in our debt agreements.
  • Additional tax expense or tax exposure could impact our financial performance.
  • An impairment in the carrying value of goodwill and trade names could negatively impact our consolidated results of operations and net worth.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
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