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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Total revenues $ 7,339.0 $ 6,975.4
Cost of sales:    
Total cost of sales 6,086.7 5,743.7
Gross profit 1,252.3 1,231.7
Selling, general, and administrative expenses 844.9 797.8
Depreciation 33.9 31.9
Operating income 373.5 402.0
Floor plan interest expense (27.9) (7.5)
Other interest expense (20.8) (16.5)
Equity in earnings of affiliates 82.1 119.6
Income before income taxes 406.9 497.6
Income taxes (107.3) (128.1)
Net income 299.6 369.5
Less: Income attributable to non-controlling interests 1.3 1.6
Net income attributable to Penske Automotive Group common stockholders $ 298.3 $ 367.9
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 4.31 $ 4.76
Shares used in determining basic earnings per share (in shares) 69,201,232 77,224,165
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 4.31 $ 4.76
Shares used in determining diluted earnings per share (in shares) 69,218,861 77,249,165
Amounts attributable to Penske Automotive Group common stockholders:    
Net income $ 299.6 $ 369.5
Less: Income attributable to non-controlling interests 1.3 1.6
Net income attributable to Penske Automotive Group common stockholders $ 298.3 $ 367.9
Cash dividends per share (in dollars per share) $ 0.61 $ 0.47
Retail automotive dealership    
Revenue:    
Total revenues $ 6,299.8 $ 6,029.2
Cost of sales:    
Total cost of sales 5,237.2 4,978.5
Retail commercial truck dealership    
Revenue:    
Total revenues 895.6 792.3
Cost of sales:    
Total cost of sales 748.6 651.1
Commercial vehicle distribution and other    
Revenue:    
Total revenues 143.6 153.9
Cost of sales:    
Total cost of sales $ 100.9 $ 114.1