10-Q Filing

PENSKE AUTOMOTIVE GROUP, INC. CIK: 1019849 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-055490`
Period End Date	20140630
Filing Date	20140731
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	pag-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 117 Cash Flow Statement 81 Stockholders Equity 23 Comprehensive Income 43

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.30M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.30M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.40M	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
Accounts receivable, net of allowance for doubtful accounts of $4.3 and $2.4	`ReceivablesNetCurrent`	$641.20M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4.3 and $2.4	`ReceivablesNetCurrent`	$600.80M	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`	$2.52B	USD	Point-in-time
Inventories	`InventoryNet`	$2.62B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$111.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$88.40M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$52.40M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.48B	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.36B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	90.23M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.37B	USD	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
Goodwill	`Goodwill`	$1.22B	USD	Point-in-time
Goodwill	`Goodwill`	$295.40M	USD	Point-in-time
Goodwill	`Goodwill`	$295.40M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	90.23M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	90.24M	shares	Point-in-time
Goodwill	`Goodwill`	$1.14B	USD	Point-in-time
Franchise value	`OtherIndefiniteLivedIntangibleAssets`	$295.40M	USD	Point-in-time
Franchise value	`OtherIndefiniteLivedIntangibleAssets`	$300.50M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$346.90M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$354.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$31.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$19.10M	USD	Point-in-time
Total assets	`Assets`	$6.42B	USD	Point-in-time
Total assets	`Assets`	$6.74B	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`	$934.00M	USD	Point-in-time
Floor plan notes payable - non-trade	`FloorPlanNotesPayableNonTrade`	$901.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$435.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$373.30M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$314.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$262.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$81.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$59.70M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$41.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.33B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.52B	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`	$372.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$192.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$166.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.10B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.89B	USD	Point-in-time
Commitments and contingent liabilities (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 9)	`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`	$685.80M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$693.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$799.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$906.10M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$11.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$18.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-44.50M	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$1.50B	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$1.63B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$17.90M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$17.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.65B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.74B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.42B	USD	Point-in-time

Income Statement 117 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`SalesRevenueNet`	$4.41B	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$3.63B	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.70B	USD	Annual
Total revenues	`SalesRevenueNet`	$8.45B	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$6.98B	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$3.07B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$7.16B	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$3.74B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$5.89B	USD	2 Qtrs
Gross profit	`GrossProfit`	$559.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.09B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.29B	USD	2 Qtrs
Gross profit	`GrossProfit`	$666.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$513.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$432.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.00B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$839.80M	USD	2 Qtrs
Depreciation	`Depreciation`	$17.50M	USD	1 Quarter
Depreciation	`Depreciation`	$29.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$34.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$14.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$136.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$255.90M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$217.30M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$112.10M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$22.70M	USD	2 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$10.70M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$20.80M	USD	2 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$11.60M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$13.10M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$23.40M	USD	2 Qtrs
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$26.20M	USD	2 Qtrs
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$11.90M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$8.90M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$11.20M	USD	2 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$10.90M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$16.00M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$98.40M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$223.00M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.40M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$184.30M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$63.20M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$75.20M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$34.90M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$41.10M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$121.10M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$147.80M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$81.30M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$63.50M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-7.40M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.00M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-600.00K	USD	2 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-6.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$141.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.50M	USD	1 Quarter
Net income	`ProfitLoss`	$73.90M	USD	1 Quarter
Net income	`ProfitLoss`	$120.50M	USD	2 Qtrs
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.40M	USD	2 Qtrs
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$800.00K	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$62.00M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$119.70M	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$72.90M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$140.40M	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.62	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.33	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.89	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.70	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.08	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.07	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$1.32	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$1.55	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.81	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Shares used in determining basic earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.40M	shares	1 Quarter
Shares used in determining basic earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.30M	shares	1 Quarter
Shares used in determining basic earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.40M	shares	2 Qtrs
Shares used in determining basic earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.30M	shares	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.70	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.62	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.89	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.33	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.08	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.07	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$0.81	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$1.55	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$1.32	USD	2 Qtrs
Shares used in determining diluted earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.40M	shares	1 Quarter
Shares used in determining diluted earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.30M	shares	1 Quarter
Shares used in determining diluted earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.40M	shares	2 Qtrs
Shares used in determining diluted earnings per share (Note 6) (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.40M	shares	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$121.10M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$147.80M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$81.30M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$63.50M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.40M	USD	2 Qtrs
Less: Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$800.00K	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$146.40M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$120.30M	USD	2 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$80.30M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$63.00M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-7.40M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.00M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-600.00K	USD	2 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-6.00M	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$62.00M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$119.70M	USD	2 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$72.90M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$140.40M	USD	2 Qtrs

Cash Flow Statement 81 line items

Line Item	Tag	Value	Unit	Period
Dealership acquisitions net, repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	$1.80M	USD	2 Qtrs
Dealership acquisitions net, repayment of sellers' floor plan notes payable	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	$23.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$141.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.50M	USD	1 Quarter
Net income	`ProfitLoss`	$73.90M	USD	1 Quarter
Net income	`ProfitLoss`	$120.50M	USD	2 Qtrs
Depreciation	`Depreciation`	$17.50M	USD	1 Quarter
Depreciation	`Depreciation`	$29.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$34.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$14.70M	USD	1 Quarter
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$14.50M	USD	2 Qtrs
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$10.20M	USD	2 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-600.00K	USD	2 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.50M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$25.80M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$40.10M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-5.60M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$139.90M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$61.90M	USD	2 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$32.20M	USD	2 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$76.50M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$109.00M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.70M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.60M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-7.40M	USD	2 Qtrs
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$211.40M	USD	2 Qtrs
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$174.00M	USD	2 Qtrs
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$72.90M	USD	2 Qtrs
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$70.20M	USD	2 Qtrs
Purchase of car rental vehicles	`PaymentsToPurchasePenskeCarRentalVehicles`	$76.30M	USD	2 Qtrs
Purchase of car rental vehicles	`PaymentsToPurchasePenskeCarRentalVehicles`	$73.20M	USD	2 Qtrs
Dealership acquisitions net, including repayment of sellers' floor plan notes payable of $23.0 and $1.8, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$86.20M	USD	2 Qtrs
Dealership acquisitions net, including repayment of sellers' floor plan notes payable of $23.0 and $1.8, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$30.70M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-24.90M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$9.70M	USD	2 Qtrs
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-210.50M	USD	2 Qtrs
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-183.80M	USD	2 Qtrs
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$572.60M	USD	2 Qtrs
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$491.70M	USD	2 Qtrs
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$562.60M	USD	2 Qtrs
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$519.70M	USD	2 Qtrs
Repayments under U.S. credit agreement term loan	`RepaymentsOfSecuredDebt`	$12.00M	USD	2 Qtrs
Proceeds from borrowings under car rental revolver	`ProceedsFromBorrowingsOfCarRentalRevolver`	$73.50M	USD	2 Qtrs
Proceeds from borrowings under car rental revolver	`ProceedsFromBorrowingsOfCarRentalRevolver`	$94.30M	USD	2 Qtrs
Repayments of car rental revolver	`RepaymentsOfBorrowingsOfCarRentalRevolver`	$39.40M	USD	2 Qtrs
Repayments of car rental revolver	`RepaymentsOfBorrowingsOfCarRentalRevolver`	$12.20M	USD	2 Qtrs
Net borrowings (repayments) of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-47.20M	USD	2 Qtrs
Net borrowings (repayments) of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-53.30M	USD	2 Qtrs
Net borrowings (repayments) of floor plan notes payable - non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$37.60M	USD	2 Qtrs
Net borrowings (repayments) of floor plan notes payable - non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$32.40M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.50M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$15.80M	USD	2 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$33.50M	USD	2 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$26.20M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$200.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$300.00K	USD	2 Qtrs
Net cash used in continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-15.40M	USD	2 Qtrs
Net cash used in continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-19.40M	USD	2 Qtrs
Net cash (used in)/provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$16.50M	USD	2 Qtrs
Net cash (used in)/provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-22.30M	USD	2 Qtrs
Net cash provided by discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$2.60M	USD	2 Qtrs
Net cash provided by discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$54.00M	USD	2 Qtrs
Net cash used in discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-1.60M	USD	2 Qtrs
Net cash used in discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-11.40M	USD	2 Qtrs
Net cash provided by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$7.70M	USD	2 Qtrs
Net cash provided by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$30.10M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.60M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.50M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.30M	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`	$61.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.80M	USD	Point-in-time
Interest	`InterestPaid`	$47.00M	USD	2 Qtrs
Interest	`InterestPaid`	$50.50M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$48.30M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$11.40M	USD	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.65B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$7.40M	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$15.50M	USD	2 Qtrs
Dividends	`DividendsCash`	$33.50M	USD	2 Qtrs
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.20M	USD	2 Qtrs
Purchase of controlling interest	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$200.00K	USD	2 Qtrs
Sale of subsidiary shares to non-controlling interest	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$400.00K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$26.10M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.80M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.10M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.50M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.20M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.20M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.10M	USD	2 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.20M	USD	2 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$-3.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$141.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$62.50M	USD	1 Quarter
Net income	`ProfitLoss`	$73.90M	USD	1 Quarter
Net income	`ProfitLoss`	$120.50M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.65B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time

Comprehensive Income 43 line items

Line Item	Tag	Value	Unit	Period
Reclassification adjustment for loss included in floor plan interest expense, tax provision	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$1.10M	USD	2 Qtrs
Net Income	`ProfitLoss`	$141.80M	USD	2 Qtrs
Net Income	`ProfitLoss`	$62.50M	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, tax provision	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$400.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$73.90M	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, tax provision	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$700.00K	USD	1 Quarter
Net Income	`ProfitLoss`	$120.50M	USD	2 Qtrs
Reclassification adjustment for loss included in floor plan interest expense, tax provision	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$1.50M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$26.10M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.80M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-35.10M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.50M	USD	1 Quarter
Unrealized gain (loss) arising during the period, net of tax benefits	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$600.00K	USD	1 Quarter
Unrealized gain (loss) arising during the period, net of tax benefits	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$500.00K	USD	2 Qtrs
Unrealized gain (loss) arising during the period, net of tax benefits	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-200.00K	USD	2 Qtrs
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.7, $0.4, $1.5, and $1.1, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-600.00K	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.7, $0.4, $1.5, and $1.1, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-2.30M	USD	2 Qtrs
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.7, $0.4, $1.5, and $1.1, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-1.20M	USD	1 Quarter
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.7, $0.4, $1.5, and $1.1, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-1.70M	USD	2 Qtrs
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.20M	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.20M	USD	1 Quarter
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.10M	USD	2 Qtrs
Unrealized gain (loss) on interest rate swaps, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.20M	USD	2 Qtrs
Other adjustments to Comprehensive Income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.20M	USD	2 Qtrs
Other adjustments to Comprehensive Income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$800.00K	USD	1 Quarter
Other adjustments to Comprehensive Income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-3.20M	USD	2 Qtrs
Other adjustments to Comprehensive Income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$300.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$25.00M	USD	2 Qtrs
Other Comprehensive Income (Loss), Net of Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$3.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$18.80M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-34.10M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$86.40M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$65.50M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$92.70M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$166.80M	USD	2 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.10M	USD	2 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$900.00K	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.30M	USD	2 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$91.80M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$65.10M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$165.70M	USD	2 Qtrs
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$85.10M	USD	2 Qtrs

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