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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenues $ 7,662.3 $ 7,696.7 $ 15,266.8 $ 15,144.5
Cost of sales:        
Total cost of sales 6,365.7 6,432.6 12,701.2 12,635.2
Gross profit 1,296.6 1,264.1 2,565.6 2,509.3
Selling, general, and administrative expenses 906.3 887.5 1,819.9 1,767.3
Depreciation 42.1 38.6 82.0 76.4
Operating income 348.2 338.0 663.7 665.6
Floor plan interest expense (43.3) (46.6) (84.8) (91.4)
Other interest expense (21.6) (19.9) (44.1) (41.2)
Gain on sale of dealership 0.0 0.0 52.3 0.0
Equity in earnings of affiliates 53.6 54.0 86.9 87.3
Income before income taxes 336.9 325.5 674.0 620.3
Income taxes (86.0) (82.6) (178.1) (161.2)
Net income 250.9 242.9 495.9 459.1
Less: Income attributable to non-controlling interests 0.9 1.7 1.6 2.7
Net income attributable to Penske Automotive Group common stockholders $ 250.0 $ 241.2 $ 494.3 $ 456.4
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.78 $ 3.61 $ 7.44 $ 6.81
Shares used in determining basic earnings per share (in shares) 66,172,701 66,878,772 66,470,709 66,969,939
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.78 $ 3.61 $ 7.44 $ 6.81
Shares used in determining diluted earnings per share (in shares) 66,187,252 66,895,548 66,485,260 66,986,715
Amounts attributable to Penske Automotive Group common stockholders:        
Net income $ 250.9 $ 242.9 $ 495.9 $ 459.1
Less: Income attributable to non-controlling interests 0.9 1.7 1.6 2.7
Net income attributable to Penske Automotive Group common stockholders $ 250.0 $ 241.2 $ 494.3 $ 456.4
Cash dividends per share (in dollars per share) $ 1.26 $ 0.96 $ 2.48 $ 1.83
Retail automotive dealership        
Revenue:        
Total revenues $ 6,517.5 $ 6,615.4 $ 13,086.8 $ 13,093.4
Cost of sales:        
Total cost of sales 5,408.7 5,540.4 10,894.2 10,961.2
Depreciation 36.5 33.5 71.0 66.6
Floor plan interest expense (36.2) (39.5) (71.7) (78.3)
Other interest expense (17.5) (18.8) (35.5) (40.0)
Equity in earnings of affiliates 0.3 1.2 0.5 2.2
Income before income taxes 222.3 210.4 474.4 408.8
Retail commercial truck dealership        
Revenue:        
Total revenues 943.6 892.3 1,767.3 1,684.1
Cost of sales:        
Total cost of sales 800.0 747.8 1,482.7 1,394.8
Depreciation 4.1 3.7 8.1 7.2
Floor plan interest expense (4.9) (4.7) (8.6) (8.7)
Other interest expense 0.0 0.0 0.0 0.0
Equity in earnings of affiliates 0.0 0.0 0.0 0.0
Income before income taxes 54.2 51.7 99.3 102.2
Commercial vehicle distribution and other        
Revenue:        
Total revenues 201.2 189.0 412.7 367.0
Cost of sales:        
Total cost of sales $ 157.0 $ 144.4 $ 324.3 $ 279.2