10-Q Filing

PENSKE AUTOMOTIVE GROUP, INC. CIK: 1019849 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-009461`
Period End Date	20190930
Filing Date	20191030
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	pag-20190930x10q4fbdc4_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 120 Cash Flow Statement 84 Stockholders Equity 41 Comprehensive Income 28

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.40M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.70M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.40M	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 $5.6 and $5.4	`ReceivablesNetCurrent`	$929.10M	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 $5.6 and $5.4	`ReceivablesNetCurrent`	$967.30M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$4.04B	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$4.04B	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
Other current assets	`OtherAssetsCurrent`	$86.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$98.80M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.10B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.19B	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.31B	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	240.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.25B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.43B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.38B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	81.07M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	84.55M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	84.55M	shares	Point-in-time
Goodwill	`Goodwill`	$1.75B	USD	Point-in-time
Goodwill	`Goodwill`	$1.88B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	81.07M	shares	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$486.20M	USD	Point-in-time
Other indefinite-lived intangible assets	`OtherIndefiniteLivedIntangibleAssets`	$547.40M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.31B	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.36B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$15.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.60M	USD	Point-in-time
Total assets	`Assets`	$13.69B	USD	Point-in-time
Total assets	`Assets`	$10.90B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$2.36B	USD	Point-in-time
Floor plan notes payable	`FloorPlanNotesPayable`	$2.44B	USD	Point-in-time
Floor plan notes payable - non-trade	`FloorPlanNotesPayableNonTrade`	$1.43B	USD	Point-in-time
Floor plan notes payable - non-trade	`FloorPlanNotesPayableNonTrade`	$1.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$672.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$598.20M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$722.20M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$566.60M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$96.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$92.00M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$500.00K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$700.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.35B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.05B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.12B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.28B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.39B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.33B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$577.80M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$620.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$446.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$519.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.27B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.03B	USD	Point-in-time
Commitments and contingent liabilities (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 11)	`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`	$477.80M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$317.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.61B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.37B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-286.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-234.50M	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$2.61B	USD	Point-in-time
Total Penske Automotive Group stockholders' equity	`StockholdersEquity`	$2.64B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$25.60M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$20.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.66B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.61B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.66B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.43B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.90B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$13.69B	USD	Point-in-time

Income Statement 120 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$17.29B	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$17.35B	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.66B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.97B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$14.74B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$5.10B	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$14.70B	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$4.81B	USD	1 Quarter
Gross profit	`GrossProfit`	$869.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$852.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.61B	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.59B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$662.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$672.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.00B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.01B	USD	3 Qtrs
Depreciation	`Depreciation`	$77.20M	USD	3 Qtrs
Depreciation	`Depreciation`	$27.50M	USD	1 Quarter
Depreciation	`Depreciation`	$81.00M	USD	3 Qtrs
Depreciation	`Depreciation`	$25.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$169.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$163.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$528.30M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$499.90M	USD	3 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$59.00M	USD	3 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$21.40M	USD	1 Quarter
Floor plan interest expense	`FloorPlanInterestExpense`	$64.20M	USD	3 Qtrs
Floor plan interest expense	`FloorPlanInterestExpense`	$20.20M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$32.90M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$28.30M	USD	1 Quarter
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$86.70M	USD	3 Qtrs
Other interest expense	`InterestExpenseExcludingFloorPlanInterest`	$93.20M	USD	3 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$41.70M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$109.60M	USD	3 Qtrs
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$43.30M	USD	1 Quarter
Equity in earnings of affiliates	`IncomeLossFromEquityMethodInvestments`	$95.00M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$477.60M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$157.10M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$158.40M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$452.10M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$104.70M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$42.40M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$27.10M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$118.60M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$116.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$333.50M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$130.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$372.90M	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$200.00K	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$300.00K	USD	3 Qtrs
Net income	`ProfitLoss`	$116.10M	USD	1 Quarter
Net income	`ProfitLoss`	$333.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$373.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$130.10M	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-400.00K	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.00K	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$130.20M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$334.20M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$116.20M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$372.90M	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$4.37	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.42	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.53	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$4.02	USD	3 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	3 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$4.03	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$1.42	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$4.37	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareBasic`	$1.53	USD	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	82.97M	shares	3 Qtrs
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	85.25M	shares	3 Qtrs
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.87M	shares	1 Quarter
Shares used in determining basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.64M	shares	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$4.02	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$4.37	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.42	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.53	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`	-	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`	$1.42	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$4.37	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$4.03	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$1.53	USD	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.29M	shares	3 Qtrs
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.91M	shares	1 Quarter
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.01M	shares	3 Qtrs
Shares used in determining diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.68M	shares	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$116.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$333.50M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$130.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$372.90M	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	1 Quarter
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-400.00K	USD	3 Qtrs
Less: (Loss) income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.00K	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$116.10M	USD	1 Quarter
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$333.90M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$372.70M	USD	3 Qtrs
Income from continuing operations, net of tax	`IncomeLossFromContinuingOperations`	$130.10M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$200.00K	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$300.00K	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$130.20M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$334.20M	USD	3 Qtrs
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$116.20M	USD	1 Quarter
Net income attributable to Penske Automotive Group common stockholders	`NetIncomeLoss`	$372.90M	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.40	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.36	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.05	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.17	USD	3 Qtrs

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Repayment of Sellers' Floor Plan Notes Payable Dealership Acquisitions	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	$138.50M	USD	3 Qtrs
Repayment of Sellers' Floor Plan Notes Payable Dealership Acquisitions	`RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions`	$25.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$116.10M	USD	1 Quarter
Net income	`ProfitLoss`	$333.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$373.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$130.10M	USD	1 Quarter
Depreciation	`Depreciation`	$77.20M	USD	3 Qtrs
Depreciation	`Depreciation`	$27.50M	USD	1 Quarter
Depreciation	`Depreciation`	$81.00M	USD	3 Qtrs
Depreciation	`Depreciation`	$25.90M	USD	1 Quarter
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$77.80M	USD	3 Qtrs
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$69.50M	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$200.00K	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$100.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$300.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$48.20M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$64.30M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$38.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInReceivables`	$-6.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$-119.90M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInRetailRelatedInventories`	$-205.20M	USD	3 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$108.70M	USD	3 Qtrs
Floor plan notes payable	`IncreaseDecreaseInFloorPlanNotesPayable`	$-165.20M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$128.60M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.20M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$43.30M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-18.70M	USD	3 Qtrs
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$535.90M	USD	3 Qtrs
Net cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$660.80M	USD	3 Qtrs
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$188.80M	USD	3 Qtrs
Purchase of equipment and improvements	`PaymentsToAcquireProductiveAssets`	$188.50M	USD	3 Qtrs
Proceeds from sale of dealerships	`ProceedsFromDivestitureOfBusinesses`	$7.30M	USD	3 Qtrs
Proceeds from sale of dealerships	`ProceedsFromDivestitureOfBusinesses`	$58.40M	USD	3 Qtrs
Proceeds from sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$10.70M	USD	3 Qtrs
Proceeds from sale-leaseback transactions	`SaleLeasebackTransactionNetProceedsInvestingActivities`	$7.30M	USD	3 Qtrs
Acquisitions net, including repayment of sellers' floor plan notes payable of $138.5 and $25.8, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$168.60M	USD	3 Qtrs
Acquisitions net, including repayment of sellers' floor plan notes payable of $138.5 and $25.8, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$326.90M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.30M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.50M	USD	3 Qtrs
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-503.40M	USD	3 Qtrs
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-291.50M	USD	3 Qtrs
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$1.16B	USD	3 Qtrs
Proceeds from borrowings under U.S. credit agreement revolving credit line	`ProceedsFromLongTermLinesOfCredit`	$1.46B	USD	3 Qtrs
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$1.33B	USD	3 Qtrs
Repayments under U.S. credit agreement revolving credit line	`RepaymentsOfLongTermLinesOfCredit`	$1.38B	USD	3 Qtrs
Net borrowings of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$131.00M	USD	3 Qtrs
Net borrowings of other long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$95.30M	USD	3 Qtrs
Net borrowings (repayments) of floor plan notes payable - non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$-18.00M	USD	3 Qtrs
Net borrowings (repayments) of floor plan notes payable - non-trade	`NetBorrowingsRepaymentsOfFloorPlanNotesPayableNonTrade`	$-59.60M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$174.10M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$55.80M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$97.30M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$89.70M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$100.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.20M	USD	3 Qtrs
Net cash used in by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-252.30M	USD	3 Qtrs
Net cash used in by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-119.00M	USD	3 Qtrs
Net cash provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$300.00K	USD	3 Qtrs
Net cash provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$200.00K	USD	3 Qtrs
Net cash provided by discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash provided by discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash provided by discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash provided by discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash provided by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$200.00K	USD	3 Qtrs
Net cash provided by discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$300.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-500.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-500.00K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-8.10M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$38.10M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.40M	USD	Point-in-time
Interest	`InterestPaidNet`	$139.60M	USD	3 Qtrs
Interest	`InterestPaidNet`	$127.40M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$69.80M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$36.50M	USD	3 Qtrs
Deferred consideration	`DeferredConsideration`	$6.80M	USD	3 Qtrs
Contingent consideration	`ContingentConsideration`	$10.60M	USD	3 Qtrs

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.66B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.61B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.66B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.43B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.30M	USD	1 Quarter
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$13.00M	USD	3 Qtrs
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.00M	USD	1 Quarter
Equity compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$13.50M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$55.80M	USD	3 Qtrs
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$43.60M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$174.10M	USD	3 Qtrs
Dividends	`DividendsCash`	$32.80M	USD	1 Quarter
Dividends	`DividendsCash`	$89.70M	USD	3 Qtrs
Dividends	`DividendsCash`	$97.30M	USD	3 Qtrs
Dividends	`DividendsCash`	$30.70M	USD	1 Quarter
Purchase of subsidiary shares from non-controlling interest	`MinorityInterestDecreaseFromRedemptions`	$4.50M	USD	3 Qtrs
Purchase of subsidiary shares from non-controlling interest	`MinorityInterestDecreaseFromRedemptions`	$4.80M	USD	3 Qtrs
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$500.00K	USD	3 Qtrs
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$100.00K	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$100.00K	USD	1 Quarter
Distributions to non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$800.00K	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-54.10M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.60M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-44.30M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-57.20M	USD	3 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$-700.00K	USD	3 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$2.90M	USD	3 Qtrs
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$-1.50M	USD	1 Quarter
Other	`OtherComprehensiveIncomeOtherNetOfTax`	$2.50M	USD	1 Quarter
Net income	`ProfitLoss`	$116.10M	USD	1 Quarter
Net income	`ProfitLoss`	$333.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$373.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$130.10M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.66B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.61B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.66B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.43B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.63B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$116.10M	USD	1 Quarter
Net income	`ProfitLoss`	$333.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$373.10M	USD	3 Qtrs
Net income	`ProfitLoss`	$130.10M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-54.10M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.60M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-44.30M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-57.20M	USD	3 Qtrs
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.30M	USD	3 Qtrs
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-1.90M	USD	1 Quarter
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$1.90M	USD	3 Qtrs
Other adjustments to comprehensive income, net	`OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.10M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-17.50M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-58.50M	USD	3 Qtrs
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-46.20M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-52.20M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$69.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$314.60M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$281.60M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$112.60M	USD	1 Quarter
Less: Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-200.00K	USD	1 Quarter
Less: Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-600.00K	USD	1 Quarter
Less: Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.00M	USD	3 Qtrs
Less: Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.10M	USD	3 Qtrs
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$315.60M	USD	3 Qtrs
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$112.80M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$70.50M	USD	1 Quarter
Comprehensive income attributable to Penske Automotive Group common stockholders	`ComprehensiveIncomeNetOfTax`	$282.70M	USD	3 Qtrs

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