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Consolidated Condensed Balance Sheets (Unaudited) (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 3,346 $ 17,868
Accounts receivable, net of allowance for doubtful accounts of $2,180 and $1,902 365,794 383,675
Inventories 1,456,409 1,453,546
Other current assets 91,772 68,457
Assets held for sale 56,826 110,485
Total current assets 1,974,147 2,034,031
Property and equipment, net 776,386 720,834
Goodwill 826,969 808,488
Franchise value 205,945 203,401
Equity method investments 288,028 288,406
Other long-term assets 15,404 14,672
Total assets 4,086,879 4,069,832
LIABILITIES AND EQUITY    
Floor plan notes payable 854,224 922,295
Floor plan notes payable - non-trade 562,906 492,595
Accounts payable 215,923 253,424
Accrued expenses 232,431 202,644
Current portion of long-term debt 10,285 10,593
Liabilities held for sale 52,480 79,455
Total current liabilities 1,928,249 1,961,006
Long-term debt 706,522 769,285
Deferred tax liabilities 169,993 178,406
Other long-term liabilities 161,884 115,282
Total liabilities 2,966,648 3,023,979
Commitments and contingent liabilities    
Penske Automotive Group stockholders' equity:    
Preferred Stock, $0.0001 par value; 100 shares authorized; none issued and outstanding 0 0
Common Stock, $0.0001 par value, 240,000 shares authorized; 92,062 shares issued and outstanding at June 30, 2011; 92,100 shares issued and outstanding at December 31, 2010 9 9
Additional paid-in-capital 731,397 738,728
Retained earnings 371,480 304,486
Accumulated other comprehensive income (loss) 13,372 (1,673)
Total Penske Automotive Group stockholders' equity 1,116,258 1,041,550
Non-controlling interest 3,973 4,303
Total equity 1,120,231 1,045,853
Total liabilities and equity 4,086,879 4,069,832
Non-voting Common Stock, $0.0001 par value, 7,125 shares authorized; none issued and outstanding
   
Penske Automotive Group stockholders' equity:    
Common Stock, $0.0001 par value, 240,000 shares authorized; 92,062 shares issued and outstanding at June 30, 2011; 92,100 shares issued and outstanding at December 31, 2010 0 0
Class C Common Stock, $0.0001 par value, 20,000 shares authorized; none issued and outstanding
   
Penske Automotive Group stockholders' equity:    
Common Stock, $0.0001 par value, 240,000 shares authorized; 92,062 shares issued and outstanding at June 30, 2011; 92,100 shares issued and outstanding at December 31, 2010 $ 0 $ 0