10-Q Filing

PENSKE AUTOMOTIVE GROUP, INC. CIK: 1019849 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001019849-23-000148`
Period End Date	20230930
Filing Date	20231030
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	pag-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 88 Cash Flow Statement 72 Stockholders Equity 44 Comprehensive Income 28

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.60M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.10M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.40M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7.1 and $6.6	`ReceivablesNetCurrent`	$958.80M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7.1 and $6.6	`ReceivablesNetCurrent`	$906.70M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$3.70B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$3.51B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$141.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$215.20M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.66B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.98B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.66B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.50B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.42B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.37B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	67.21M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	69.68M	shares	Point-in-time
Goodwill	`Goodwill`	$2.25B	USD	Point-in-time
Goodwill	`Goodwill`	$2.15B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	69.68M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	67.21M	shares	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$737.40M	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$690.90M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.75B	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.64B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$61.40M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$55.30M	USD	Point-in-time
Total assets	`Assets`	$14.11B	USD	Point-in-time
Total assets	`Assets`	$14.81B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$1.57B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$1.75B	USD	Point-in-time
Floor plan notes payable non-trade	`FloorPlanNotesPayableNonTrade`	$1.43B	USD	Point-in-time
Floor plan notes payable non-trade	`FloorPlanNotesPayableNonTrade`	$1.29B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$853.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$922.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$813.90M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$788.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$170.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$75.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.95B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.71B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.54B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.55B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.30B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.34B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.21B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$1.12B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$223.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$259.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.94B	USD	Point-in-time
Total liabilities	`Liabilities`	$10.26B	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.87B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.48B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-335.30M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-341.60M	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$4.52B	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$4.15B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$26.80M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$27.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.22B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.41B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.55B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.11B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$14.81B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.26B	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.80B	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.92B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.45B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$18.51B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$17.15B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$6.23B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$5.73B	USD	1 Quarter
Gross profit	`GrossProfit`	$1.22B	USD	1 Quarter
Gross profit	`GrossProfit`	$3.75B	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.19B	USD	1 Quarter
Gross profit	`GrossProfit`	$3.66B	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$792.70M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.41B	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$853.50M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.56B	USD	3 Qtrs
Depreciation	`Depreciation`	$35.40M	USD	1 Quarter
Depreciation	`Depreciation`	$31.50M	USD	1 Quarter
Depreciation	`Depreciation`	$95.10M	USD	3 Qtrs
Depreciation	`Depreciation`	$103.40M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.09B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.15B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$331.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$362.70M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$94.20M	USD	3 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$35.50M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$13.80M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$30.30M	USD	3 Qtrs
Other interest expense	`InterestExpenseOther`	$17.90M	USD	1 Quarter
Other interest expense	`InterestExpenseOther`	$69.50M	USD	3 Qtrs
Other interest expense	`InterestExpenseOther`	$51.40M	USD	3 Qtrs
Other interest expense	`InterestExpenseOther`	$24.50M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$85.00M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$241.60M	USD	3 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$393.80M	USD	3 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$136.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$356.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.46B	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$467.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.16B	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$377.50M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$92.10M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$125.70M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$297.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$341.50M	USD	1 Quarter
Net income	`ProfitLoss`	$866.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$264.40M	USD	1 Quarter
Net income	`ProfitLoss`	$1.09B	USD	3 Qtrs
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.40M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.10M	USD	3 Qtrs
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.90M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$1.08B	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$340.10M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$862.50M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$263.40M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$3.92	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$12.64	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$14.32	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$4.61	USD	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	75.58M	shares	3 Qtrs
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.25M	shares	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	73.74M	shares	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.21M	shares	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$14.31	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$4.61	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$3.92	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$12.64	USD	3 Qtrs
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.27M	shares	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.22M	shares	3 Qtrs
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.60M	shares	3 Qtrs
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.76M	shares	1 Quarter
Net income	`ProfitLoss`	$341.50M	USD	1 Quarter
Net income	`ProfitLoss`	$866.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$264.40M	USD	1 Quarter
Net income	`ProfitLoss`	$1.09B	USD	3 Qtrs
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.40M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.10M	USD	3 Qtrs
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.90M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$1.08B	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$340.10M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$862.50M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$263.40M	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.99	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.53	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.72	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.50	USD	3 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayable`	$24.30M	USD	3 Qtrs
Repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayable`	$51.30M	USD	3 Qtrs
Net income	`ProfitLoss`	$341.50M	USD	1 Quarter
Net income	`ProfitLoss`	$866.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$264.40M	USD	1 Quarter
Net income	`ProfitLoss`	$1.09B	USD	3 Qtrs
Depreciation	`Depreciation`	$35.40M	USD	1 Quarter
Depreciation	`Depreciation`	$31.50M	USD	1 Quarter
Depreciation	`Depreciation`	$95.10M	USD	3 Qtrs
Depreciation	`Depreciation`	$103.40M	USD	3 Qtrs
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$164.60M	USD	3 Qtrs
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$266.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$113.70M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$88.30M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$137.70M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$55.20M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$196.90M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$162.20M	USD	3 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$179.80M	USD	3 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$337.90M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$145.80M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$102.70M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-29.70M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-63.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.02B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.21B	USD	3 Qtrs
Purchases of property, equipment, and improvements	`PaymentsToAcquireProductiveAssets`	$272.10M	USD	3 Qtrs
Purchases of property, equipment, and improvements	`PaymentsToAcquireProductiveAssets`	$195.70M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$30.70M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.30M	USD	3 Qtrs
Acquisitions net, including repayment of sellers' floor plan notes payable of $24.3 and $51.3, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$393.40M	USD	3 Qtrs
Acquisitions net, including repayment of sellers' floor plan notes payable of $24.3 and $51.3, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$211.30M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$9.00M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$7.50M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-584.30M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-461.70M	USD	3 Qtrs
Proceeds from borrowings under revolving U.S. credit agreement and mortgage facilities	`ProceedsFromLongTermLinesOfCredit`	$1.51B	USD	3 Qtrs
Proceeds from borrowings under revolving U.S. credit agreement and mortgage facilities	`ProceedsFromLongTermLinesOfCredit`	$2.22B	USD	3 Qtrs
Repayments under revolving U.S. credit agreement and mortgage facilities	`RepaymentsOfLongTermLinesOfCredit`	$1.51B	USD	3 Qtrs
Repayments under revolving U.S. credit agreement and mortgage facilities	`RepaymentsOfLongTermLinesOfCredit`	$2.20B	USD	3 Qtrs
Net borrowings of other debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$186.00M	USD	3 Qtrs
Net borrowings of other debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$59.00M	USD	3 Qtrs
Net repayments of floor plan notes payable non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNontrade`	$-142.40M	USD	3 Qtrs
Net repayments of floor plan notes payable non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNontrade`	$-85.50M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$341.20M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$584.80M	USD	3 Qtrs
Payments of tax withholding for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.20M	USD	3 Qtrs
Payments of tax withholding for stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$23.40M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$135.80M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$113.60M	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfFinancingCosts`	$300.00K	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfFinancingCosts`	$2.00M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$100.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-615.30M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-560.90M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.70M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-17.00M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.40M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.10M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$104.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$104.40M	USD	Point-in-time
Interest	`InterestPaidNet`	$76.80M	USD	3 Qtrs
Interest	`InterestPaidNet`	$156.80M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$253.80M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$262.50M	USD	3 Qtrs

Stockholders Equity 44 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesIssued`	67.21M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesIssued`	69.68M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.22B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.41B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.55B	USD	Point-in-time
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.60M	USD	1 Quarter
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$22.60M	USD	3 Qtrs
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.30M	USD	1 Quarter
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$20.90M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$309.40M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$14.30M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$602.00M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$367.60M	USD	3 Qtrs
Dividends	`DividendsCash`	$48.60M	USD	1 Quarter
Dividends	`DividendsCash`	$113.60M	USD	3 Qtrs
Dividends	`DividendsCash`	$135.80M	USD	3 Qtrs
Dividends	`DividendsCash`	$39.20M	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.10M	USD	3 Qtrs
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$400.00K	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$600.00K	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.30M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-66.40M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-132.40M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.70M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-281.20M	USD	3 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$8.30M	USD	3 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$6.90M	USD	3 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$2.40M	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$100.00K	USD	1 Quarter
Net income	`ProfitLoss`	$341.50M	USD	1 Quarter
Net income	`ProfitLoss`	$866.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$264.40M	USD	1 Quarter
Net income	`ProfitLoss`	$1.09B	USD	3 Qtrs
Ending balance (in shares)	`CommonStockSharesIssued`	67.21M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesIssued`	69.68M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.22B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.41B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.55B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$341.50M	USD	1 Quarter
Net income	`ProfitLoss`	$866.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$264.40M	USD	1 Quarter
Net income	`ProfitLoss`	$1.09B	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-66.40M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-132.40M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.70M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-281.20M	USD	3 Qtrs
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$100.00K	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$8.30M	USD	3 Qtrs
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.40M	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$6.90M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-274.30M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-130.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-6.40M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-66.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$198.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$860.20M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$211.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$812.60M	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.00M	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.80M	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$197.60M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$809.80M	USD	3 Qtrs
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$211.00M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$856.20M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.