POLARIS INC. (PII) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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POLARIS INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Borrowings (repayments) under revolving loan facility, net → financing reconciliation: $424,900,000.00Proceeds from stock issuances under employee plans → financing reconciliation: $3,600,000.00financing reconciliation → Net cash from financing activities: $327,800,000.00financing reconciliation → Cash dividends to shareholders: $77,600,000.00financing reconciliation → Repayments under financing obligations: $13,400,000.00financing reconciliation → Repurchase and retirement of common shares: $9,300,000.00financing reconciliation → Payments of Ordinary Dividends, Noncontrolling Interest: $400,000.00Distributions from finance affiliate, net → investing reconciliation: $20,100,000.00investing reconciliation → Sale of business: $79,300,000.00investing reconciliation → Purchase of property and equipment, net: $73,800,000.00investing reconciliation → Investments in other affiliates: $20,000,000.00Net cash used in operating activities → operating reconciliation: $90,000,000.00Net income (loss) → operating reconciliation: $59,400,000.00Depreciation and amortization → operating reconciliation: $128,500,000.00Accounts payable → operating reconciliation: $97,500,000.00Noncash compensation → operating reconciliation: $34,900,000.00Loss on disposal groups → operating reconciliation: $29,100,000.00Prepaid expenses and other, net → operating reconciliation: $4,300,000.00Other, net → operating reconciliation: $2,600,000.00operating reconciliation → Accrued expenses: $171,200,000.00operating reconciliation → Inventories: $169,800,000.00operating reconciliation → Trade receivables: $53,600,000.00operating reconciliation → Income taxes payable/receivable: $27,400,000.00operating reconciliation → Noncash income from financial services: $19,200,000.00operating reconciliation → Deferred income taxes: $5,100,000.00Net cash used in investing activities → investing reconciliation: $153,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $236,300,000.00Net cash from financing activities → Cash sources and uses: $327,800,000.00Cash sources and uses → Exchange-rate effect: $2,800,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $318,300,000.00Cash sources and uses → Net cash used in investing activities: $153,000,000.00Cash sources and uses → Net cash used in operating activities: $90,000,000.00Net income (loss): $59,400,000.00Net income (loss)+$59.40 MDepreciation and amortization: $128,500,000.00Depreciation & amortization+$128.50 MNoncash compensation: $34,900,000.00Stock-based compensation+$34.90 MNoncash income from financial services: -$19,200,000.00Non-cash financial services−$19.20 MDeferred income taxes: -$5,100,000.00Deferred income taxes−$5.10 MAsset, Impairment Loss: $0.00Loss on disposal groups: $29,100,000.00Disposal group gain & loss+$29.10 MOther, net: $2,600,000.00Other non-cash items+$2.60 MTrade receivables: -$53,600,000.00Accounts receivable−$53.60 MInventories: -$169,800,000.00Inventories−$169.80 MAccounts payable: $97,500,000.00Accounts payable+$97.50 MAccrued expenses: -$171,200,000.00Accrued liabilities−$171.20 MIncome taxes payable/receivable: -$27,400,000.00Income tax balances−$27.40 MPrepaid expenses and other, net: $4,300,000.00Prepaid & other assets+$4.30 MNet cash used in operating activities: -$90,000,000.00. Cash required to fund net payments.Operating cash−$90.00 Moperating reconciliation: $446,300,000.00Borrowings (repayments) under revolving loan facility, net: $424,900,000.00Credit lines, net+$424.90 MRepayments under financing obligations: -$13,400,000.00Debt & capital securities repaid−$13.40 MRepurchase and retirement of common shares: -$9,300,000.00Common stock repurchases−$9.30 MCash dividends to shareholders: -$77,600,000.00Common dividends paid−$77.60 MPayments of Ordinary Dividends, Noncontrolling Interest: -$400,000.00Noncontrolling dividends−$400.00 KProceeds from stock issuances under employee plans: $3,600,000.00Employee stock plans & options+$3.60 MNet cash from financing activities: $327,800,000.00Financing cash+$327.80 Mfinancing reconciliation: $428,500,000.00Purchase of property and equipment, net: -$73,800,000.00PP&E purchases−$73.80 MDistributions from finance affiliate, net: $20,100,000.00Finance affiliate distributions+$20.10 MInvestments in other affiliates: -$20,000,000.00Investments in affiliates−$20.00 MSale of business: -$79,300,000.00Sale of business−$79.30 MNet cash used in investing activities: -$153,000,000.00. Cash required to fund net payments.Investing cash−$153.00 Minvesting reconciliation: $173,100,000.00Cash sources and uses: $564,100,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $236,300,000.00Beginning cash$236.30 MEnding cash: Cash, cash equivalents, and restricted cash: $318,300,000.00Ending cash$318.30 MExchange-rate effect: -$2,800,000.00FX effect−$2.80 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flow−$163.80 MOperating cash − cash spent on PP&ECash flow / Net income−1.52×Operating cash flow ÷ net incomeNet cash change+$82.00 MEnding cash − beginning cash
Chart details

POLARIS INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
236,300,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 90,000,000 US dollars. Net cash used.
Net income (loss)
59,400,000 US dollars
Depreciation and amortization
128,500,000 US dollars
Noncash compensation
34,900,000 US dollars
Noncash income from financial services
negative 19,200,000 US dollars
Deferred income taxes
negative 5,100,000 US dollars
Asset, Impairment Loss
0 US dollars
Loss on disposal groups
29,100,000 US dollars
Other, net
2,600,000 US dollars
Trade receivables
negative 53,600,000 US dollars
Inventories
negative 169,800,000 US dollars
Accounts payable
97,500,000 US dollars
Accrued expenses
negative 171,200,000 US dollars
Income taxes payable/receivable
negative 27,400,000 US dollars
Prepaid expenses and other, net
4,300,000 US dollars
Investing activities
negative 153,000,000 US dollars. Net cash used.
Purchase of property and equipment, net
negative 73,800,000 US dollars
Distributions from finance affiliate, net
20,100,000 US dollars
Investments in other affiliates
negative 20,000,000 US dollars
Sale of business
negative 79,300,000 US dollars
Financing activities
327,800,000 US dollars. Net cash provided.
Borrowings (repayments) under revolving loan facility, net
424,900,000 US dollars
Repayments under financing obligations
negative 13,400,000 US dollars
Repurchase and retirement of common shares
negative 9,300,000 US dollars
Cash dividends to shareholders
negative 77,600,000 US dollars
Payments of Ordinary Dividends, Noncontrolling Interest
negative 400,000 US dollars
Proceeds from stock issuances under employee plans
3,600,000 US dollars
Operating adjustment reconciliation
446,300,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
428,500,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
173,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 2,800,000 US dollars
Ending cash on Jun 30, 2026
318,300,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
564,100,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
82,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−1.52×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
negative 90,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
73,800,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 163,800,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $59.40 M; the income statement reports $59.00 M for the same period. The difference is $400.00 K. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 90,000,000 US dollars minus 73,800,000 US dollars equals negative 163,800,000 US dollars.
  • Cash-flow net income is $59.40 M; the income statement reports $59.00 M for the same period. The difference is $400.00 K. Neither amount has been adjusted.
POLARIS INC. (PII) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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