10-Q Filing

PENSKE AUTOMOTIVE GROUP, INC. CIK: 1019849 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-007576`
Period End Date	20170930
Filing Date	20171026
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	pag-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 117 Cash Flow Statement 85 Stockholders Equity 19 Comprehensive Income 28

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.50M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5.9 and $4.5	`ReceivablesNetCurrent`	$879.00M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5.9 and $4.5	`ReceivablesNetCurrent`	$938.80M	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
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$3.77B	USD	Point-in-time
Inventories	`InventoryNet`	$3.41B	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$73.90M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$96.50M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	85.77M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	85.21M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$8.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.84B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	85.77M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	85.21M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.39B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.09B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.81B	USD	Point-in-time
Goodwill	`Goodwill`	$1.29B	USD	Point-in-time
Goodwill	`Goodwill`	$1.66B	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$473.30M	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$420.10M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$893.40M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.18B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$28.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$29.50M	USD	Point-in-time
Total assets	`Assets`	$8.83B	USD	Point-in-time
Total assets	`Assets`	$10.28B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$2.08B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$2.22B	USD	Point-in-time
Floor plan notes payable - non-trade	`FloorPlanNotesPayableNonTrade`	$1.39B	USD	Point-in-time
Floor plan notes payable - non-trade	`FloorPlanNotesPayableNonTrade`	$1.23B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$497.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$609.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$360.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$388.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$48.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$67.60M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$700.00K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.68B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.23B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.17B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.83B	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$771.60M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$564.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$430.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$551.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.05B	USD	Point-in-time
Total liabilities	`Liabilities`	$8.17B	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
Common Stock	`CommonStockValue`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$523.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$497.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.50B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.71B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-151.60M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-250.70M	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$2.08B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$33.00M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$28.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.28B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$8.83B	USD	Point-in-time

Income Statement 117 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`SalesRevenueNet`	$5.15B	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$15.99B	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$5.52B	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$15.23B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$4.70B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$4.41B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$13.57B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$12.99B	USD	3 Qtrs
Gross profit	`GrossProfit`	$744.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.24B	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.41B	USD	3 Qtrs
Gross profit	`GrossProfit`	$822.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$581.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.72B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.87B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$646.10M	USD	1 Quarter
Depreciation	`Depreciation`	$70.00M	USD	3 Qtrs
Depreciation	`Depreciation`	$66.80M	USD	3 Qtrs
Depreciation	`Depreciation`	$21.50M	USD	1 Quarter
Depreciation	`Depreciation`	$24.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$152.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$449.70M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$474.40M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$141.50M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$45.60M	USD	3 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$16.40M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$37.80M	USD	3 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$11.90M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$61.80M	USD	3 Qtrs
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$25.10M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$79.20M	USD	3 Qtrs
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$27.80M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$43.10M	USD	3 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$30.90M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$70.90M	USD	3 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$25.60M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$393.20M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$130.10M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$138.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$420.50M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$41.70M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$128.40M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$44.70M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$136.00M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$94.20M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$264.80M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$284.50M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$88.40M	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.10M	USD	3 Qtrs
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-300.00K	USD	3 Qtrs
Net income	`ProfitLoss`	$88.50M	USD	1 Quarter
Net income	`ProfitLoss`	$263.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$94.30M	USD	1 Quarter
Net income	`ProfitLoss`	$284.20M	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.40M	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$260.30M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$283.20M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$87.50M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$94.40M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.03	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.10	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$3.03	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$3.30	USD	3 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$1.03	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$3.30	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$3.02	USD	3 Qtrs
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	86.20M	shares	3 Qtrs
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	85.90M	shares	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	85.90M	shares	3 Qtrs
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	85.20M	shares	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$3.30	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$3.03	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.03	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.10	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	3 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$3.30	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$3.02	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$1.03	USD	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.00M	shares	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.30M	shares	3 Qtrs
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.20M	shares	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.90M	shares	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$94.20M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$264.80M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$284.50M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$88.40M	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.40M	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$261.40M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$87.40M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$283.50M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$94.30M	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.10M	USD	3 Qtrs
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-300.00K	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$260.30M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$283.20M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$87.50M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$94.40M	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.81	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.93	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.32	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	1 Quarter

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Repayment of Sellers' Floor Plan Notes Payable Dealership Acquisitions	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	$59.10M	USD	3 Qtrs
Repayment of Sellers' Floor Plan Notes Payable Dealership Acquisitions	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	$101.60M	USD	3 Qtrs
Net income	`ProfitLoss`	$88.50M	USD	1 Quarter
Net income	`ProfitLoss`	$263.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$94.30M	USD	1 Quarter
Net income	`ProfitLoss`	$284.20M	USD	3 Qtrs
Depreciation	`Depreciation`	$70.00M	USD	3 Qtrs
Depreciation	`Depreciation`	$66.80M	USD	3 Qtrs
Depreciation	`Depreciation`	$21.50M	USD	1 Quarter
Depreciation	`Depreciation`	$24.30M	USD	1 Quarter
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$53.10M	USD	3 Qtrs
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$37.30M	USD	3 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.10M	USD	3 Qtrs
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-300.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$204.90M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$96.40M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$48.70M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$67.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$-246.60M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$226.70M	USD	3 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$137.80M	USD	3 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$-174.10M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.40M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.50M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-51.70M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$300.00K	USD	3 Qtrs
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$463.30M	USD	3 Qtrs
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$466.80M	USD	3 Qtrs
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$171.70M	USD	3 Qtrs
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$180.10M	USD	3 Qtrs
Acquisition of additional ownership interest in Penske Truck Leasing	`PaymentsToAcquireEquityMethodInvestments`	$239.10M	USD	3 Qtrs
Acquisition of additional ownership interest in Penske Truck Leasing	`PaymentsToAcquireEquityMethodInvestments`	$498.50M	USD	3 Qtrs
Acquisitions net, including repayment of sellers floor plan notes payable of $101.6 and $59.1, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$106.00M	USD	3 Qtrs
Acquisitions net, including repayment of sellers floor plan notes payable of $101.6 and $59.1, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$449.70M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-13.30M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$9.50M	USD	3 Qtrs
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-855.60M	USD	3 Qtrs
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-785.70M	USD	3 Qtrs
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$1.62B	USD	3 Qtrs
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$1.17B	USD	3 Qtrs
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$1.65B	USD	3 Qtrs
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$1.13B	USD	3 Qtrs
Net borrowings of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$74.30M	USD	3 Qtrs
Net borrowings of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$74.30M	USD	3 Qtrs
Net borrowings of floor plan notes payable non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$12.80M	USD	3 Qtrs
Net borrowings of floor plan notes payable non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$155.20M	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfFinancingCosts`	$4.00M	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfFinancingCosts`	$6.70M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.50M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$173.60M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$80.10M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$70.30M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-15.80M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.80M	USD	3 Qtrs
Net cash provided by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$365.70M	USD	3 Qtrs
Net cash provided by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$397.10M	USD	3 Qtrs
Net cash provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$500.00K	USD	3 Qtrs
Net cash provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.30M	USD	3 Qtrs
Net cash provided by discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$2.40M	USD	3 Qtrs
Net cash provided by discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$1.70M	USD	3 Qtrs
Net cash used in discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash used in discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-200.00K	USD	3 Qtrs
Net cash provided by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$2.70M	USD	3 Qtrs
Net cash provided by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$3.00M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.20M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-19.30M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.20M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.00M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$62.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$89.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$62.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$89.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Interest	`InterestPaidNet`	$102.20M	USD	3 Qtrs
Interest	`InterestPaidNet`	$76.20M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$21.30M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$37.20M	USD	3 Qtrs
Seller financed/assumed debt	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$3.80M	USD	3 Qtrs
Consideration transferred through common stock issuance	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$32.40M	USD	3 Qtrs
Contingent consideration	`BusinessCombinationContingentConsideration`	$20.00M	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$12.40M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$18.50M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueAcquisitions`	$32.40M	USD	3 Qtrs
Dividends	`DividendsCash`	$80.10M	USD	3 Qtrs
Purchase of subsidiary shares from non-controlling interest	`MinorityInterestDecreaseFromRedemptions`	$700.00K	USD	3 Qtrs
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.40M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-65.40M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$94.10M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$31.70M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.60M	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$10.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$88.50M	USD	1 Quarter
Net income	`ProfitLoss`	$263.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$94.30M	USD	1 Quarter
Net income	`ProfitLoss`	$284.20M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.11B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$88.50M	USD	1 Quarter
Net income	`ProfitLoss`	$263.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$94.30M	USD	1 Quarter
Net income	`ProfitLoss`	$284.20M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-65.40M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$94.10M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$31.70M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.60M	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$7.80M	USD	3 Qtrs
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$3.60M	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.20M	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$300.00K	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-65.10M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-10.80M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$101.90M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$35.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$77.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$129.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$198.60M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$386.10M	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$600.00K	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.50M	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.30M	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.80M	USD	3 Qtrs
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$382.30M	USD	3 Qtrs
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$194.10M	USD	3 Qtrs
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$129.00M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$76.40M	USD	1 Quarter

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