10-Q Filing

PENSKE AUTOMOTIVE GROUP, INC. CIK: 1019849 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-034578`
Period End Date	20140331
Filing Date	20140505
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pag-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 59 Cash Flow Statement 72 Stockholders Equity 15 Comprehensive Income 22

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.90M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.80M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.80M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.90M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3.9 and $2.4	`ReceivablesNetCurrent`	$677.70M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3.9 and $2.4	`ReceivablesNetCurrent`	$600.80M	USD	Point-in-time
Inventories	`InventoryNet`	$2.52B	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$2.55B	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$101.80M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$88.40M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$107.30M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$55.60M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	240,000.00	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	240,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.44B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.36B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	90.55M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	90.24M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	90.55M	shares	Point-in-time
Goodwill	`Goodwill`	$1.14B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	90.24M	shares	Point-in-time
Goodwill	`Goodwill`	$1.21B	USD	Point-in-time
Franchise value	`OtherIndefiniteLivedIntangibleAssets`	$295.40M	USD	Point-in-time
Franchise value	`OtherIndefiniteLivedIntangibleAssets`	$296.30M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$352.00M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$346.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$31.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$19.80M	USD	Point-in-time
Total assets	`Assets`	$6.42B	USD	Point-in-time
Total assets	`Assets`	$6.61B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$1.69B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$1.72B	USD	Point-in-time
Floor plan notes payable - non-trade	`FloorPlanNotesPayableNonTrade`	$901.60M	USD	Point-in-time
Floor plan notes payable - non-trade	`FloorPlanNotesPayableNonTrade`	$908.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$373.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$411.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$262.60M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$319.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$65.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$36.90M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$59.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.33B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.46B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.01B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.03B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$361.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$364.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$166.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$190.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.03B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.89B	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, $0.0001 par value; 100 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.0001 par value; 100 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`	$693.60M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$696.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$799.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$850.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$11.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-44.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$18.00M	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$1.57B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$17.80M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$17.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.42B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.61B	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`SalesRevenueNet`	$4.05B	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.70B	USD	Annual
Total revenues	`SalesRevenueNet`	$3.35B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$3.42B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$2.82B	USD	1 Quarter
Gross profit	`GrossProfit`	$624.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$526.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$407.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$487.80M	USD	1 Quarter
Depreciation	`Depreciation`	$14.30M	USD	1 Quarter
Depreciation	`Depreciation`	$16.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$119.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$105.20M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$10.10M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$11.10M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$13.10M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$11.50M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$5.10M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$85.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$100.60M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$28.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$34.10M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$57.60M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$66.50M	USD	1 Quarter
Income (Loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$400.00K	USD	1 Quarter
Income (Loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.40M	USD	1 Quarter
Net income	`ProfitLoss`	$58.00M	USD	1 Quarter
Net income	`ProfitLoss`	$67.90M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$67.50M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$57.70M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.63	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.73	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.02	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.40M	shares	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.40M	shares	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.73	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.63	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.02	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.50M	shares	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.50M	shares	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$57.60M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$66.50M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$66.10M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$57.30M	USD	1 Quarter
Income (Loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$400.00K	USD	1 Quarter
Income (Loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.40M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$67.50M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$57.70M	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Dealership acquisitions net, repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	$22.40M	USD	1 Quarter
Dealership acquisitions net, repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	-	USD	1 Quarter
Net income	`ProfitLoss`	$58.00M	USD	1 Quarter
Net income	`ProfitLoss`	$67.90M	USD	1 Quarter
Depreciation	`Depreciation`	$14.30M	USD	1 Quarter
Depreciation	`Depreciation`	$16.50M	USD	1 Quarter
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$5.10M	USD	1 Quarter
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$2.30M	USD	1 Quarter
(Income) loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$400.00K	USD	1 Quarter
(Income) loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$77.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-10.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$58.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$400.00K	USD	1 Quarter
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$29.40M	USD	1 Quarter
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$36.50M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$87.40M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.00M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-8.70M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.70M	USD	1 Quarter
Net cash from continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$97.90M	USD	1 Quarter
Net cash from continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$132.50M	USD	1 Quarter
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$32.80M	USD	1 Quarter
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$34.50M	USD	1 Quarter
Purchase of car rental vehicles	`PaymentsToPurchasePenskeCarRentalVehicles`	$28.50M	USD	1 Quarter
Purchase of car rental vehicles	`PaymentsToPurchasePenskeCarRentalVehicles`	$35.90M	USD	1 Quarter
Dealership acquisitions net, including repayment of sellers' floor plan notes payable of $22.4 and $0, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$27.20M	USD	1 Quarter
Dealership acquisitions net, including repayment of sellers' floor plan notes payable of $22.4 and $0, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$81.80M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.30M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.70M	USD	1 Quarter
Net cash from continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-90.20M	USD	1 Quarter
Net cash from continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-136.50M	USD	1 Quarter
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$323.00M	USD	1 Quarter
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$247.70M	USD	1 Quarter
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$313.00M	USD	1 Quarter
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$287.70M	USD	1 Quarter
Proceeds from borrowings under car rental revolver	`ProceedsFromBorrowingsOfCarRentalRevolver`	$49.80M	USD	1 Quarter
Proceeds from borrowings under car rental revolver	`ProceedsFromBorrowingsOfCarRentalRevolver`	$28.00M	USD	1 Quarter
Repayments of car rental revolver	`RepaymentsOfBorrowingsOfCarRentalRevolver`	$13.70M	USD	1 Quarter
Net borrowings (repayments) of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-36.30M	USD	1 Quarter
Net borrowings (repayments) of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-49.30M	USD	1 Quarter
Net borrowings (repayments) of floor plan notes payable - non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$7.10M	USD	1 Quarter
Net borrowings (repayments) of floor plan notes payable - non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$41.70M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$12.70M	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$12.60M	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$16.20M	USD	1 Quarter
Net cash from continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-21.10M	USD	1 Quarter
Net cash from continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.10M	USD	1 Quarter
Net cash from discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-23.10M	USD	1 Quarter
Net cash from discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$3.20M	USD	1 Quarter
Net cash from discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$54.00M	USD	1 Quarter
Net cash from discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$800.00K	USD	1 Quarter
Net cash from discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-400.00K	USD	1 Quarter
Net cash from discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-700.00K	USD	1 Quarter
Net cash from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$30.20M	USD	1 Quarter
Net cash from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$3.60M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.10M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.80M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.90M	USD	Point-in-time
Interest	`InterestPaid`	$17.60M	USD	1 Quarter
Interest	`InterestPaid`	$13.50M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$9.20M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$3.30M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.30M	USD	1 Quarter
Dividends	`DividendsCash`	$16.20M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$300.00K	USD	1 Quarter
Purchase of controlling interest	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$200.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-36.60M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.30M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$900.00K	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$-4.00M	USD	1 Quarter
Net income	`ProfitLoss`	$58.00M	USD	1 Quarter
Net income	`ProfitLoss`	$67.90M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$58.00M	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, tax provision	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$700.00K	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, tax provision	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$700.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$67.90M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-36.60M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.30M	USD	1 Quarter
Unrealized gain(loss) arising during the period, net of tax benefits	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Unrealized gain(loss) arising during the period, net of tax benefits	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-200.00K	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.7, and $0.7, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-1.10M	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.7, and $0.7, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-1.10M	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$900.00K	USD	1 Quarter
Other adjustments to Comprehensive Income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-4.00M	USD	1 Quarter
Other adjustments to Comprehensive Income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.50M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-37.10M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$6.20M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$74.10M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$20.90M	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$900.00K	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$20.00M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$73.90M	USD	1 Quarter

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