XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
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)         426,289          
Equity compensation 18.8   18.8     18.8        
Repurchase of common stock (in shares)         (2,524,938)          
Repurchases of common stock (219.8)   (219.8)     (219.8)        
Dividends (106.3)   (106.3)       (106.3)      
Interest rate swaps 3.8   3.8           3.8  
Distributions to non-controlling interest (1.9)                 (1.9)
Foreign currency translation (40.7)   (40.0)           (40.0) (0.7)
Other 6.6   6.6           6.6 0.0
Net income 879.8   876.5       876.5     3.3
Balance (in shares) at Sep. 30, 2021         78,294,013          
Ending balance at Sep. 30, 2021 3,866.4   3,842.1   $ 0.0 110.8 3,921.5   (190.2) 24.3
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                    
Accounting standards update Accounting Standards Update 2016-02 [Member]                  
Balance (in shares) at Dec. 31, 2021         77,574,172          
Ending 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
Balance (in shares) at Jun. 30, 2021         80,330,836          
Beginning balance at Jun. 30, 2021 3,762.7   3,738.7   $ 0.0 284.0 3,602.5   (147.8) 24.0
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         (7,192)          
Equity compensation 5.7   5.7     5.7        
Repurchase of common stock (in shares)         (2,029,631)          
Repurchases of common stock (178.9)   (178.9)     (178.9)        
Dividends (36.1)   (36.1)       (36.1)      
Interest rate swaps 0.3   0.3           0.3  
Distributions to non-controlling interest (0.5)                 (0.5)
Foreign currency translation (42.6)   (42.2)           (42.2) (0.4)
Other (0.5)   (0.5)           (0.5)  
Net income 356.3   355.1       355.1     1.2
Balance (in shares) at Sep. 30, 2021         78,294,013          
Ending balance at Sep. 30, 2021 3,866.4   3,842.1   $ 0.0 110.8 3,921.5   (190.2) 24.3
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                    
Equity compensation (in shares)         306,588          
Equity compensation 20.9   20.9     20.9        
Repurchase of common stock (in shares)         (5,677,902)          
Repurchases of common stock (602.0)   (602.0)     (63.1) (538.9)      
Dividends (113.6)   (113.6)       (113.6)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (3.3)                 (3.3)
Foreign currency translation (281.2)   (279.1)           (279.1) (2.1)
Other 6.9   6.9           6.9  
Net income 1,086.9   1,082.0       1,082.0     4.9
Balance (in shares) at Sep. 30, 2022         72,202,858          
Ending balance at Sep. 30, 2022 4,088.0   4,063.5   $ 0.0 0.0 4,504.5   (441.0) 24.5
Balance (in shares) at Jun. 30, 2022         75,015,462          
Beginning balance at Jun. 30, 2022 4,219.4   4,194.8   $ 0.0 0.0 4,506.7   (311.9) 24.6
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         (1,258)          
Equity compensation 6.3   6.3     6.3        
Repurchase of common stock (in shares)         (2,811,346)          
Repurchases of common stock (309.4)   (309.4)     (6.3) (303.1)      
Dividends (39.2)   (39.2)       (39.2)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (0.6)                 (0.6)
Foreign currency translation (132.4)   (131.5)           (131.5) (0.9)
Other 2.4   2.4           2.4  
Net income 341.5   340.1       340.1     1.4
Balance (in shares) at Sep. 30, 2022         72,202,858          
Ending balance at Sep. 30, 2022 $ 4,088.0   $ 4,063.5   $ 0.0 $ 0.0 $ 4,504.5   $ (441.0) $ 24.5