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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Penske Automotive Group Stockholders’ Equity
Total Penske Automotive Group Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Voting and Non-voting Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Balance at Dec. 31, 2018 $ 2,634.7 $ 5.0 $ 2,609.1 $ 5.0 $ 0.0 $ 477.8 $ 2,365.8 $ 5.0 $ (234.5) $ 25.6
Balance (in shares) at Dec. 31, 2018         84,546,970          
Increase (decrease) in stockholders' equity                    
Accounting standards update Accounting Standards Update 2016-02 [Member]                  
Equity compensation $ 16.7   16.7     16.7        
Equity compensation (in shares)         524,617          
Repurchases of common stock (174.1)   (174.1)     (174.1)        
Repurchases of common stock (in shares)         (3,986,836)          
Dividends (130.8)   (130.8)       (130.8)      
Purchase of subsidiary shares from non-controlling interest (7.0)                 (7.0)
Interest rate swaps 0.0                  
Purchase of subsidiary shares from non-controlling interest (0.5)                 (0.5)
Foreign currency translation 21.9   22.2           22.2 (0.3)
Other 10.6   9.5           9.5 1.1
Net income 435.1   435.8       435.8     (0.7)
Balance at Dec. 31, 2019 2,811.6   2,793.4   $ 0.0 320.4 2,675.8   (202.8) 18.2
Balance (in shares) at Dec. 31, 2019         81,084,751          
Increase (decrease) in stockholders' equity                    
Equity compensation 25.8   25.8     25.8        
Equity compensation (in shares)         335,647          
Repurchases of common stock (34.4)   (34.4)     (34.4)        
Repurchases of common stock (in shares)         (1,027,736)          
Dividends (68.1)   (68.1)       (68.1)      
Interest rate swaps (3.2)   (3.2)           (3.2)  
Purchase of subsidiary shares from non-controlling interest (5.0)                 (5.0)
Foreign currency translation 51.3   50.6           50.6 0.7
Other 2.8   (5.2)           (5.2) 8.0
Net income 545.3   543.6       543.6     1.7
Balance at Dec. 31, 2020 3,326.1   3,302.5   $ 0.0 311.8 3,151.3   (160.6) 23.6
Balance (in shares) at Dec. 31, 2020         80,392,662          
Increase (decrease) in stockholders' equity                    
Equity compensation 23.9   23.9     23.9        
Equity compensation (in shares)         443,090          
Repurchases of common stock (293.5)   (293.5)     (293.5)        
Repurchases of common stock (in shares)         (3,261,580)          
Dividends (142.5)   (142.5)       (142.5)      
Interest rate swaps 3.2   3.2           3.2  
Purchase of subsidiary shares from non-controlling interest (2.6)                 (2.6)
Foreign currency translation (39.8)   (38.9)           (38.9) (0.9)
Other 27.5   27.5           27.5 0.0
Net income 1,192.7   1,187.8       1,187.8     4.9
Balance at Dec. 31, 2021 $ 4,095.0   $ 4,070.0   $ 0.0 $ 42.2 $ 4,196.6   $ (168.8) $ 25.0
Balance (in shares) at Dec. 31, 2021         77,574,172