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Business Combinations
 9 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Business Combinations Business Combinations
During the nine months ended September 30, 2023, we acquired three full-service commercial truck dealerships and two service and parts centers in Canada adding to PTG's operations. We also acquired two retail automotive franchises in the U.S. During the nine months ended September 30, 2022, we acquired 19 retail automotive franchises, consisting of 15 franchises in the U.K. and four franchises in the U.S. During the nine months ended September 30, 2022, we also acquired four full-service commercial truck dealerships in Canada adding to PTG's operations. Our financial statements include the results of operations of the acquired entity from the date of acquisition. The fair value of the assets acquired and liabilities assumed have been recorded in our consolidated condensed financial statements and may be subject to adjustment pending completion of final valuation. The following table summarizes the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the nine months ended September 30, 2023 and 2022:
September 30,
20232022
Accounts receivable$— $8.3 
Inventories33.8 111.4 
Other current assets0.2 3.2 
Property and equipment38.4 134.1 
Indefinite-lived intangibles141.4 160.3 
Other noncurrent assets— — 
Current liabilities(2.5)(14.2)
Noncurrent liabilities— (9.7)
Total cash used in acquisitions$211.3 $393.4 
Our following unaudited consolidated pro forma results of operations for the three and nine months ended September 30, 2023 and 2022 give effect to acquisitions consummated during 2023 and 2022 as if they had occurred effective at the beginning of the period:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Revenues$7,465.1 $7,069.9 $22,418.6 $21,484.8 
Net income attributable to Penske Automotive Group common stockholders263.7 342.4 866.0 1,094.0 
Net income per diluted common share$3.92 $4.64 $12.69 $14.47