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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Total revenues $ 27,814.8 $ 25,554.7 $ 20,443.9
Cost of sales:      
Total cost of sales 22,976.0 21,113.9 17,259.4
Gross profit 4,838.8 4,440.8 3,184.5
Selling, general and administrative expenses 3,223.7 2,962.9 2,364.5
Depreciation 127.3 121.5 115.5
Operating income 1,487.8 1,356.4 704.5
Floor plan interest expense (52.4) (26.2) (46.3)
Other interest expense (70.4) (68.6) (111.0)
Debt redemption costs 0.0 (17.0) (8.6)
Loss on investment 0.0 (11.4) 0.0
Equity in earnings of affiliates 494.2 374.5 169.0
Income from continuing operations before income taxes 1,859.2 1,607.7 707.6
Income taxes (473.0) (416.3) (162.7)
Income from continuing operations 1,386.2 1,191.4 544.9
Income from discontinued operations, net of tax 0.0 1.3 0.4
Net income 1,386.2 1,192.7 545.3
Less: Income attributable to non-controlling interests 6.2 4.9 1.7
Net income attributable to Penske Automotive Group common stockholders $ 1,380.0 $ 1,187.8 $ 543.6
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 18.55 $ 14.88 $ 6.74
Discontinued operations (in dollars per share) 0.00 0.01 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 18.55 $ 14.89 $ 6.74
Shares used in determining basic earnings per share (in shares) 74,394,799 79,746,106 80,594,856
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 18.55 $ 14.88 $ 6.74
Discontinued operations (in dollars per share) 0.00 0.01 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 18.55 $ 14.89 $ 6.74
Shares used in determining diluted earnings per share (in shares) 74,394,799 79,746,106 80,594,856
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations $ 1,386.2 $ 1,191.4 $ 544.9
Less: Income attributable to non-controlling interests 6.2 4.9 1.7
Income from continuing operations, net of tax 1,380.0 1,186.5 543.2
Income from discontinued operations, net of tax 0.0 1.3 0.4
Net income attributable to Penske Automotive Group common stockholders $ 1,380.0 $ 1,187.8 $ 543.6
Cash dividends per share (in dollars per share) $ 2.07 $ 1.78 $ 0.84
Retail automotive dealership      
Revenue:      
Total revenues $ 23,694.7 $ 22,513.3 $ 17,928.8
Cost of sales:      
Total cost of sales 19,568.3 18,643.1 15,147.5
Retail commercial truck dealership      
Revenue:      
Total revenues 3,541.3 2,465.7 2,060.9
Cost of sales:      
Total cost of sales 2,986.2 2,048.8 1,780.0
Commercial vehicle distribution and other      
Revenue:      
Total revenues 578.8 575.7 454.2
Cost of sales:      
Total cost of sales $ 421.5 $ 422.0 $ 331.9