XML 32 R10.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED 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
Beginning 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 [Extensible Enumeration] Accounting Standards Update 2016-02 [Member]                  
Equity compensation (in shares)         443,090          
Equity compensation $ 23.9   23.9     23.9        
Repurchases of common stock (in shares)         (3,261,580)          
Repurchases of common stock (293.5)   (293.5)     (293.5)        
Dividends (142.5)   (142.5)       (142.5)      
Interest rate swaps 3.2   3.2           3.2  
Distributions to non-controlling interest (2.6)                 (2.6)
Foreign currency translation (39.8)   (38.9)           (38.9) (0.9)
Other 27.5   27.5           27.5  
Net income 1,192.7   1,187.8       1,187.8     4.9
Ending 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
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         321,866          
Equity compensation 26.7   26.7     26.7        
Repurchases of common stock (in shares)         (8,214,147)          
Repurchases of common stock (886.5)   (886.5)     (68.9) (817.6)      
Dividends (154.1)   (154.1)       (154.1)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (3.5)                 (3.5)
Foreign currency translation (154.6)   (153.7)           (153.7) (0.9)
Other (12.8)   (12.8)           (12.8)  
Net income $ 1,386.2   1,380.0       1,380.0     6.2
Ending balance (in shares) at Dec. 31, 2022 69,681,891       69,681,891          
Ending balance at Dec. 31, 2022 $ 4,174.8   4,148.0   $ 0.0 0.0 4,483.3   (335.3) 26.8
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         (237,906)          
Equity compensation 28.1   28.1     28.1        
Repurchases of common stock (in shares)         (2,808,616)          
Repurchases of common stock (385.2)   (385.2)     (28.1) (357.1)      
Dividends (189.1)   (189.1)       (189.1)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (3.4)                 (3.4)
Foreign currency translation 66.1   65.5           65.5 0.6
Other 5.7   5.7           5.7  
Net income $ 1,058.6   1,053.2       1,053.2     5.4
Ending balance (in shares) at Dec. 31, 2023 67,111,181       67,111,181          
Ending balance at Dec. 31, 2023 $ 4,755.6   $ 4,726.2   $ 0.0 $ 0.0 $ 4,990.3   $ (264.1) $ 29.4