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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenues $ 6,975.4 $ 5,773.8
Cost of sales:    
Total cost of sales 5,743.7 4,860.6
Gross profit 1,231.7 913.2
Selling, general and administrative expenses 797.8 664.3
Depreciation 31.9 29.3
Operating income 402.0 219.6
Floor plan interest expense (7.5) (9.5)
Other interest expense (16.5) (17.9)
Equity in earnings of affiliates 119.6 55.4
Income from continuing operations before income taxes 497.6 247.6
Income taxes (128.1) (64.5)
Income from continuing operations 369.5 183.1
Income from discontinued operations, net of tax 0.0 0.0
Net income 369.5 183.1
Less: Income attributable to non-controlling interests 1.6 0.6
Net income attributable to Penske Automotive Group common stockholders $ 367.9 $ 182.5
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 4.76 $ 2.26
Discontinued operations (in dollars per share) 0 0
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 4.76 $ 2.26
Shares used in determining basic earnings per share (in shares) 77,224,165 80,608,996
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 4.76 $ 2.26
Discontinued operations (in dollars per share) 0 0
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 4.76 $ 2.26
Shares used in determining diluted earnings per share (in shares) 77,249,165 80,648,996
Amounts attributable to Penske Automotive Group common stockholders:    
Income from continuing operations $ 369.5 $ 183.1
Less: Income attributable to non-controlling interests 1.6 0.6
Income from continuing operations, net of tax 367.9 182.5
Income from discontinued operations, net of tax 0.0 0.0
Net income attributable to Penske Automotive Group common stockholders $ 367.9 $ 182.5
Cash dividends per share (in dollars per share) $ 0.47 $ 0.43
Retail automotive dealership    
Revenue:    
Total revenues $ 6,029.2 $ 5,206.9
Cost of sales:    
Total cost of sales 4,978.5 4,407.0
Retail commercial truck dealership    
Revenue:    
Total revenues 792.3 434.7
Cost of sales:    
Total cost of sales 651.1 354.7
Commercial vehicle distribution and other    
Revenue:    
Total revenues 153.9 132.2
Cost of sales:    
Total cost of sales $ 114.1 $ 98.9