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Polaris PII Gain (loss) on disposal of assets

Gain (loss) on disposal of assets at other companies

LCI Industries logo
LCI IndustriesLCII
$554K
RDN
RideNow GroupRDNW
$475K+480%
Tractor Supply Company logo
Tractor Supply CompanyTSCO
$18.72M+17.0%
Clarus Corporation logo
Clarus CorporationCLAR
-$224K-180%

Other financials

Income statement

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Revenue$2.0B+9.2%
Gross profit$478.3M+33.2%
Operating income$148.8M+1,253%
Net income$106.4M+234%
EPS (diluted)$1.82+231%

Balance sheet

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Cash & equivalents$302.1M-6.8%
Total debt$2.0B+6.3%
Total equity$836.5M-29.4%
Total assets$5.2B-3.5%

Cash flow

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Operating cash flow-$320.2M-485%
CapEx$44.1M+8.9%
Free cash flow-$349.9M-835%

Valuation

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Market cap$4.07B+38.7%
Enterprise value$5.75B+28.5%
P/S0.6×+0.1×

Profitability

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Gross margin21.2%+2.0pp
Operating margin-2.6%-3.8pp
Net margin-3.5%-18.9pp
FCF margin2.2%-1.1pp

Returns & leverage

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Return on equity-25.8%-51.1pp
Debt / equity2.4×+0.8×
Current ratio1.2×+0.2×

Where this comes from

Reported directly by Polaris in its filing.

Tagged under the XBRL concept us-gaap:GainLossOnSaleOfBusiness.

The source filing: Polaris’s 10-K, filed February 16, 2024.

Filed
Feb 16, 2024
Fiscal year
FY2023
Accession
0001628280-24-005284
Line itemFor the Years Ended December 31, 2023For the Years Ended December 31, 2022For the Years Ended December 31, 2021
Non-operating expense:
Interest expense125.071.744.2
Other (income) expense, net(44.5)(28.6)2.3
Loss on sale of businesses36.8
Income from continuing operations before income taxes620.4761.4628.7
Provision for income taxes117.7158.0132.1
Net income from continuing operations502.7603.4496.6
Loss from discontinued operations, net of tax(13.2)(2.3)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Polaris's gain (loss) on disposal of assets?
Polaris (PII) reported gain (loss) on disposal of assets of $0 in Q4 2023.
What is the long-term trend for Polaris's gain (loss) on disposal of assets?
Over 2 years (2021 to 2023), Polaris's gain (loss) on disposal of assets has grown at a -100.0% compound annual growth rate (CAGR), from -$36.8M to $0.
What does gain (loss) on disposal of assets mean?
Gains or losses recognized on the disposal of businesses, property, equipment, investments, or other assets at prices above or below their carrying value.

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