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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Total revenues $ 4,904.4 $ 4,370.5 $ 9,375.5 $ 8,385.7
Cost of sales:        
Total cost of sales 4,174.8 3,715.7 7,957.2 7,116.9
Gross profit 729.6 654.8 1,418.3 1,268.8
Selling, general and administrative expenses 551.3 502.0 1,085.8 979.2
Depreciation 19.2 17.0 37.8 33.1
Operating income 159.1 135.8 294.7 256.5
Floor plan interest expense (11.0) (11.6) (21.1) (22.7)
Other interest expense (16.4) (12.4) (32.7) (24.8)
Equity in earnings of affiliates 12.0 10.9 18.7 16.0
Income from continuing operations before income taxes 143.7 122.7 259.6 225.0
Income taxes (47.6) (41.2) (86.4) (75.9)
Income from continuing operations 96.1 81.5 173.2 149.1
Loss from discontinued operations, net of tax (0.4) (7.6) (1.6) (7.3)
Net income 95.7 73.9 171.6 141.8
Less: Income attributable to non-controlling interests 1.7 1.0 2.4 1.4
Net income attributable to Penske Automotive Group common stockholders $ 94.0 $ 72.9 $ 169.2 $ 140.4
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 1.05 $ 0.89 $ 1.89 $ 1.63
Discontinued operations (in dollars per share) 0.00 (0.08) (0.02) (0.08)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 1.04 $ 0.81 $ 1.88 $ 1.55
Shares used in determining basic earnings per share (Note 6) (in shares) 90.2 90.4 90.2 90.4
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 1.05 $ 0.89 $ 1.89 $ 1.63
Discontinued operations (in dollars per share) 0.00 (0.08) (0.02) (0.08)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 1.04 $ 0.81 $ 1.87 $ 1.55
Shares used in determining diluted earnings per share (Note 6) (in shares) 90.2 90.4 90.3 90.4
Amounts attributable to Penske Automotive Group common stockholders:        
Income from continuing operations $ 96.1 $ 81.5 $ 173.2 $ 149.1
Less: Income attributable to non-controlling interests 1.7 1.0 2.4 1.4
Income from continuing operations, net of tax 94.4 80.5 170.8 147.7
Loss from discontinued operations, net of tax (0.4) (7.6) (1.6) (7.3)
Net income attributable to Penske Automotive Group common stockholders 94.0 72.9 169.2 140.4
Retail Automotive Dealership        
Revenue:        
Total revenues 4,538.6 4,256.5 8,713.6 8,175.7
Cost of sales:        
Total cost of sales 3,877.7 3,620.3 7,424.6 6,941.8
Retail Commercial Truck Dealership        
Revenue:        
Total revenues 241.9   434.6  
Cost of sales:        
Total cost of sales 203.6   363.5  
Commercial Vehicle Distribution and Other        
Revenue:        
Total revenues 123.9 114.0 227.3 210.0
Cost of sales:        
Total cost of sales $ 93.5 $ 95.4 $ 169.1 $ 175.1