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Polaris Inc. cash flow statement

In fiscal 2025, Polaris Inc.'s operations generated $741m of cash; it spent $183m on capital projects, leaving free cash flow of $558m. It returned $150m in dividends and $2.4m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1932983034164925294405905854776551,019294509926268741471
Depreciation and amortisation6567667192128152168191211235236216233259286287255
Stock-based pay101821355863625850647565616357496053
Capital spending445684103251205249209184225251204283307413262183205
Free cash flow149242218313241324191380401252404814112025137558266
Free cash flow after stock pay139224197278183261129323351188329749−50139456−43498213
Dividends paid505362102114127139140145149149153153150147148150154
Share buybacks52713212853082294246903498504625051798329

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Polaris Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Polaris Inc.