Polaris 2011 Annual Report Download - page 44

Item 6. Selected Financial Data
The following table presents our selected financial data. The table should be read in conjunction with
Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Item 8,
Financial Statements and Supplementary Data, of this Annual Report on Form 10-K. All periods presented
reflect the classification of the marine products division’s financial results, including the loss from discontinued
operations and the loss on disposal of the division, as discontinued operations. Per share data has been adjusted to
give effect of all stock splits through 2011.
11-Year Selected Financial Data
For the Years Ended December 31,
(Dollars in millions, except per-share data) 2011 2010 2009 2008 2007 2006
Statement of Operations Data
Sales Data:
Total sales ...................... $2,656.9 $1,991.1 $1,565.9 $1,948.3 $1,780.0 $1,656.5
Percent change from prior
year ..................... 33% 27% -20% 9% 7% -11%
Sales mix by product:
Off-Road Vehicles ........... 69% 69% 65% 67% 67% 67%
Snowmobiles ............... 11% 10% 12% 10% 10% 10%
On-Road Vehicles ........... 5% 4% 3% 5% 6% 7%
Parts, Garments and
Accessories ............... 15% 17% 20% 18% 17% 16%
Gross Profit Data:
Total gross profit ................ $ 740.6 $ 530.2 $ 393.2 $ 445.7 $ 393.0 $ 359.4
Percent of sales .............. 27.9% 26.6% 25.1% 22.9% 22.1% 21.7%
Operating Expense Data:
Total operating expenses .......... $ 414.7 $ 326.3 $ 245.3 $ 284.1 $ 262.3 $ 238.4
Percent of sales .............. 15.6% 16.4% 15.7% 14.6% 14.7% 14.4%
Operating Income Data:
Total operating income ........... $ 349.9 $ 220.7 $ 165.0 $ 182.8 $ 176.0 $ 168.1
Percent of sales .............. 13.2% 11.1% 10.5% 9.4% 9.9% 10.1%
Net Income Data:
Net income from continuing
operations .................... $ 227.6 $ 147.1 $ 101.0 $ 117.4 $ 112.6 $ 112.8
Percent of sales .................. 8.6% 7.4% 6.5% 6.0% 6.3% 6.8%
Diluted net income per share from
continuing operations ........... $ 3.20 $ 2.14 $ 1.53 $ 1.75 $ 1.55 $ 1.36
Net income ..................... $ 227.6 $ 147.1 $ 101.0 $ 117.4 $ 111.7 $ 107.0
Diluted net income per share ....... $ 3.20 $ 2.14 $ 1.53 $ 1.75 $ 1.54 $ 1.29
Cash Flow Data:
Cash flow provided by continuing
operations ........................ $ 302.5 $ 297.9 $ 193.2 $ 176.2 $ 213.2 $ 152.8
Purchase of property and equipment for
continuing operations ............... 84.5 55.7 43.9 76.6 63.7 52.6
Repurchase and retirement of common
stock ............................ 132.4 27.5 4.6 107.2 103.1 307.6
Cash dividends to shareholders ......... 61.6 53.0 50.2 49.6 47.7 50.2
Cash dividends per share .............. $ 0.90 $ 0.80 $ 0.78 $ 0.76 $ 0.68 $ 0.62
Balance Sheet Data (at end of year):
Cash and cash equivalents ............. $ 325.3 $ 393.9 $ 140.2 $ 27.2 $ 63.3 $ 19.6
Current assets ....................... 878.7 808.1 491.5 443.6 447.6 393.0
Total assets ......................... 1,228.0 1,061.6 763.7 751.1 769.9 778.8
Current liabilities .................... 615.5 584.2 343.1 404.8 388.2 361.4
Long-term debt ...................... 104.6 100.0 200.0 200.0 200.0 250.0
Shareholders’ equity .................. 500.1 371.0 204.5 137.0 173.0 167.4
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