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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenues $ 30,455.2 $ 29,527.4 $ 27,814.8
Cost of sales:      
Total cost of sales 25,441.9 24,593.6 22,976.0
Gross profit 5,013.3 4,933.8 4,838.8
Selling, general, and administrative expenses 3,538.5 3,400.6 3,223.7
Goodwill impairment charges 0.0 40.7 0.0
Depreciation 158.0 141.0 127.3
Operating income 1,316.8 1,351.5 1,487.8
Floor plan interest expense (189.8) (133.1) (52.4)
Other interest expense (87.8) (92.6) (70.4)
Equity in earnings of affiliates 200.7 293.7 494.2
Income before income taxes 1,239.9 1,419.5 1,859.2
Income taxes (316.5) (360.9) (473.0)
Net income 923.4 1,058.6 1,386.2
Less: Income attributable to non-controlling interests 4.5 5.4 6.2
Net income attributable to Penske Automotive Group common stockholders $ 918.9 $ 1,053.2 $ 1,380.0
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 13.74 $ 15.50 $ 18.55
Shares used in determining basic earnings per share (in shares) 66,882,731 67,963,956 74,394,799
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 13.74 $ 15.50 $ 18.55
Shares used in determining diluted earnings per share (in shares) 66,882,731 67,963,956 74,394,799
Amounts attributable to Penske Automotive Group common stockholders:      
Net income $ 923.4 $ 1,058.6 $ 1,386.2
Less: Income attributable to non-controlling interests 4.5 5.4 6.2
Net income attributable to Penske Automotive Group common stockholders $ 918.9 $ 1,053.2 $ 1,380.0
Cash dividends per share (in dollars per share) $ 4.09 $ 2.78 $ 2.07
Retail automotive dealership      
Revenue:      
Total revenues $ 26,156.2 $ 25,209.1 $ 23,694.7
Cost of sales:      
Total cost of sales 21,905.6 21,032.9 19,568.3
Goodwill impairment charges   40.7  
Depreciation 137.4 124.7 112.7
Floor plan interest expense (160.9) (116.0) (44.5)
Other interest expense (82.1) (90.3) (65.1)
Equity in earnings of affiliates 3.1 3.9 3.5
Income before income taxes 792.7 860.5 1,118.0
Retail commercial truck dealership      
Revenue:      
Total revenues 3,521.1 3,684.3 3,541.3
Cost of sales:      
Total cost of sales 2,936.6 3,091.9 2,986.2
Goodwill impairment charges   0.0  
Depreciation 15.1 11.6 10.0
Floor plan interest expense (19.2) (14.5) (7.5)
Other interest expense 0.0 (1.3) (3.9)
Equity in earnings of affiliates 0.0 0.0 0.0
Income before income taxes 203.6 225.0 214.7
Commercial vehicle distribution and other      
Revenue:      
Total revenues 777.9 634.0 578.8
Cost of sales:      
Total cost of sales $ 599.7 $ 468.8 $ 421.5