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CONSOLIDATED CONDENSED 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 (in shares) at Dec. 31, 2020         80,392,662          
Beginning balance at Dec. 31, 2020 $ 3,326.1   $ 3,302.5   $ 0.0 $ 311.8 $ 3,151.3   $ (160.6) $ 23.6
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         433,481          
Equity compensation 13.1   13.1     13.1        
Repurchases of common stock (in shares)         (495,307)          
Repurchases of common stock (40.9)   (40.9)     (40.9)        
Dividends (70.2)   (70.2)       (70.2)      
Interest rate swaps 3.5   3.5           3.5  
Distributions to non-controlling interest (1.4)                 (1.4)
Foreign currency translation 1.9   2.2           2.2 (0.3)
Other 7.1   7.1           7.1 0.0
Net income 523.5   521.4       521.4     2.1
Balance (in shares) at Jun. 30, 2021         80,330,836          
Ending balance at Jun. 30, 2021 3,762.7   3,738.7   $ 0.0 284.0 3,602.5   (147.8) 24.0
Balance (in shares) at Mar. 31, 2021         80,827,657          
Beginning balance at Mar. 31, 2021 3,484.7   3,462.2   $ 0.0 318.4 3,299.2   (155.4) 22.5
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         (1,514)          
Equity compensation 6.5   6.5     6.5        
Repurchases of common stock (in shares)         (495,307)          
Repurchases of common stock (40.9)   (40.9)     (40.9)        
Dividends (35.6)   (35.6)       (35.6)      
Interest rate swaps (0.4)   (0.4)           (0.4)  
Distributions to non-controlling interest (0.2)                 (0.2)
Foreign currency translation 1.8   1.6           1.6 0.2
Other 6.4   6.4           6.4  
Net income 340.4   338.9       338.9     1.5
Balance (in shares) at Jun. 30, 2021         80,330,836          
Ending balance at Jun. 30, 2021 3,762.7   3,738.7   $ 0.0 284.0 3,602.5   (147.8) 24.0
Balance (in shares) at Dec. 31, 2021         77,574,172          
Beginning balance at Dec. 31, 2021 $ 4,095.0 $ (121.6) 4,070.0 $ (121.6) $ 0.0 42.2 4,196.6 $ (121.6) (168.8) 25.0
Increase (decrease) in stockholders' equity                    
Accounting standards update Accounting Standards Update 2016-02 [Member]                  
Equity compensation (in shares)         307,846          
Equity compensation $ 14.6   14.6     14.6        
Repurchases of common stock (in shares)         (2,866,556)          
Repurchases of common stock (292.6)   (292.6)     (56.8)   $ (235.8)    
Dividends (74.4)   (74.4)       (74.4)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (2.7)                 (2.7)
Foreign currency translation (148.8)   (147.6)           (147.6) (1.2)
Other 4.5   4.5           4.5  
Net income 745.4   741.9       741.9     3.5
Balance (in shares) at Jun. 30, 2022         75,015,462          
Ending balance at Jun. 30, 2022 4,219.4   4,194.8   $ 0.0 0.0 4,506.7   (311.9) 24.6
Balance (in shares) at Mar. 31, 2022         76,658,405          
Beginning balance at Mar. 31, 2022 4,164.4   4,138.8   $ 0.0 0.0 4,336.9   (198.1) 25.6
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         20,164          
Equity compensation 7.2   7.2     7.2        
Repurchases of common stock (in shares)         (1,663,107)          
Repurchases of common stock (173.4)   (173.4)     (7.2) (166.2)      
Dividends (38.0)   (38.0)       (38.0)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (2.1)                 (2.1)
Foreign currency translation (120.3)   (119.5)           (119.5) (0.8)
Other 5.7   5.7           5.7  
Net income 375.9   374.0       374.0     1.9
Balance (in shares) at Jun. 30, 2022         75,015,462          
Ending balance at Jun. 30, 2022 $ 4,219.4   $ 4,194.8   $ 0.0 $ 0.0 $ 4,506.7   $ (311.9) $ 24.6