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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
Total revenues $ 19,284.9 $ 17,232.0 $ 14,482.5
Cost of sales:      
Total cost of sales 16,417.4 14,652.8 12,281.5
Gross profit 2,867.5 2,579.2 2,201.0
Selling, general and administrative expenses 2,223.0 2,008.6 1,711.6
Depreciation 78.0 70.2 59.6
Operating income 566.5 500.4 429.8
Floor plan interest expense (44.5) (46.5) (43.4)
Other interest expense (69.4) (52.8) (45.3)
Gain on investment   16.0  
Equity in earnings of affiliates 39.3 40.8 30.7
Income from continuing operations before income taxes 491.9 457.9 371.8
Income taxes (158.0) (153.1) (123.3)
Income from continuing operations 333.9 304.8 248.5
Loss from discontinued operations, net of tax (3.5) (14.7) (2.8)
Net income 330.4 290.1 245.7
Less: Income attributable to non-controlling interests 4.3 3.4 1.5
Net income attributable to Penske Automotive Group common stockholders $ 326.1 $ 286.7 $ 244.2
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 3.67 $ 3.34 $ 2.74
Discontinued operations (in dollars per share) (0.04) (0.16) (0.03)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.63 $ 3.17 $ 2.71
Shares used in determining basic earnings per share (Note 6) (in shares) 89,759,626 90,318,839 90,273,747
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 3.67 $ 3.34 $ 2.73
Discontinued operations (in dollars per share) (0.04) (0.16) (0.03)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.63 $ 3.17 $ 2.70
Shares used in determining diluted earnings per share (Note 6) (in shares) 89,759,626 90,354,839 90,330,621
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations $ 333.9 $ 304.8 $ 248.5
Less: Income attributable to non-controlling interests 4.3 3.4 1.5
Income from continuing operations, net of tax 329.6 301.4 247.0
Loss from discontinued operations, net of tax (3.5) (14.7) (2.8)
Net income attributable to Penske Automotive Group common stockholders $ 326.1 $ 286.7 $ 244.2
Cash dividends per share (in dollars per share) $ 0.94 $ 0.78 $ 0.62
Retail Automotive Dealership      
Revenue:      
Total revenues $ 17,896.3 $ 16,657.5 $ 14,329.9
Cost of sales:      
Total cost of sales 15,288.3 14,180.1 12,153.1
Retail Commercial Truck Dealership      
Revenue:      
Total revenues 944.1 125.6  
Cost of sales:      
Total cost of sales 797.1 104.5  
Commercial Vehicle Distribution and Other      
Revenue:      
Total revenues 444.5 448.9 152.6
Cost of sales:      
Total cost of sales $ 332.0 $ 368.2 $ 128.4