Polaris 2008 Annual Report Download - page 2

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Table of Contents IFC Polaris at a Glance
1 Letter from the CEO
and COO
10 11-Year Selected
Financial Data
12 Board of Directors and
Corporate Officers
13 Form 10-K
IBC Other Investor Information
Sales
(dollars in millions)
$1,657
$1,780
$1,948
06
$1,870
05
$1,773
04
$1,552
03
$1,468
02
$1,427
01
$1,327
00
$1,225
99 07 08
Net Income from Continuing
Operations Per Share
(dollars)
$2.72
$3.10
$3.50
06
$3.15
05
$2.97
04
$2.58
03
$ 2.28
02
$1.99
01
$1.81
00
$1.64
99 07 08
NOTE: All periods presented reflect the classification of the marine products division’s financial results as discontinued operations.
Financial Highlights
(dollars and shares in thousands, except per-share data) 2008 2007 % Change
For the Year
Sales $ 1,948,254 $ 1,780,009 9%
Operating income 182,799 176,036 4%
Net income from continuing operations 117,395 112,598 4%
Percent of sales 6.0% 6.3%
Per Share
Net income from continuing operations (diluted) $ 3.50 $ 3.10 13%
Dividends paid 1.52 1.36 12%
Average shares outstanding (diluted) 33,564 36,324 – 8%
Financial Position
Total assets $ 751,148 $ 769,881 – 2%
Stockholders’ equity 137,027 172,982 – 21%
Other Information
Property and equipment (net) $ 215,637 $ 204,351 6%
Capital expenditures 76,575 63,747 20%
Depreciation and amortization 66,112 62,093 6%
Borrowings under credit agreement 200,000 200,000 0%
Total credit facility 450,000 450,000 0%
Return on average shareholder equity 76% 66%
Average dividend yield 4.0% 2.9%
Number of employees – average 3,300 3,200 3%
Stock price at year end 28.65 47.77 – 40%