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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Total revenues $ 3,401,409 $ 2,898,441 $ 10,006,631 $ 8,466,560
Cost of sales:        
Total cost of sales 2,890,413 2,437,678 8,477,057 7,112,376
Gross profit 510,996 460,763 1,529,574 1,354,184
Selling, general and administrative expenses 409,432 369,783 1,216,231 1,098,132
Depreciation 14,037 12,427 41,013 36,132
Operating income 87,527 78,553 272,330 219,920
Floor plan interest expense (10,055) (6,837) (29,675) (20,617)
Other interest expense (11,689) (11,153) (35,474) (32,889)
Debt discount amortization       (1,718)
Equity in earnings of affiliates 8,814 9,623 21,392 17,527
Debt redemption costs (17,753)   (17,753)  
Income from continuing operations before income taxes 56,844 70,186 210,820 182,223
Income taxes (15,308) (13,246) (69,052) (49,289)
Income from continuing operations 41,536 56,940 141,768 132,934
Loss from discontinued operations, net of tax (223) (895) (3,837) (2,833)
Net income 41,313 56,045 137,931 130,101
Less: Income attributable to non-controlling interests 282 338 990 907
Net income attributable to Penske Automotive Group common stockholders 41,031 55,707 136,941 129,194
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.46 $ 0.62 $ 1.56 $ 1.43
Discontinued operations (in dollars per share)   $ (0.01) $ (0.04) $ (0.03)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.45 $ 0.61 $ 1.52 $ 1.40
Shares used in determining basic earnings per share (in shares) 90,264 91,390 90,330 92,106
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.46 $ 0.62 $ 1.56 $ 1.43
Discontinued operations (in dollars per share)   $ (0.01) $ (0.04) $ (0.03)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.45 $ 0.61 $ 1.52 $ 1.40
Shares used in determining diluted earnings per share (in shares) 90,296 91,431 90,362 92,169
Amounts attributable to Penske Automotive Group common stockholders:        
Income from continuing operations 41,536 56,940 141,768 132,934
Less: Income attributable to non-controlling interests 282 338 990 907
Income from continuing operations, net of tax 41,254 56,602 140,778 132,027
Loss from discontinued operations, net of tax (223) (895) (3,837) (2,833)
Net income attributable to Penske Automotive Group common stockholders 41,031 55,707 136,941 129,194
New vehicle
       
Revenue:        
Total revenues 1,763,050 1,451,177 5,066,417 4,229,192
Cost of sales:        
Total cost of sales 1,626,759 1,327,968 4,659,490 3,877,615
Used vehicle
       
Revenue:        
Total revenues 995,376 867,969 2,926,523 2,511,573
Cost of sales:        
Total cost of sales 922,703 802,542 2,701,645 2,310,147
Finance and insurance, net
       
Revenue:        
Total revenues 85,420 73,191 247,906 208,540
Service and parts
       
Revenue:        
Total revenues 372,032 347,432 1,109,122 1,027,120
Cost of sales:        
Total cost of sales 156,942 149,429 465,620 440,392
Fleet and wholesale
       
Revenue:        
Total revenues 185,531 158,672 656,663 490,135
Cost of sales:        
Total cost of sales $ 184,009 $ 157,739 $ 650,302 $ 484,222