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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Total revenues $ 5,081.1 $ 4,824.6
Cost of sales:    
Total cost of sales 4,306.8 4,100.8
Gross profit 774.3 723.8
Selling, general and administrative expenses 601.7 558.9
Depreciation 22.4 20.8
Operating income 150.2 144.1
Floor plan interest expense (13.7) (12.8)
Other interest expense (25.0) (17.2)
Equity in earnings of affiliates 13.2 5.5
Income from continuing operations before income taxes 124.7 119.6
Income taxes (41.1) (39.4)
Income from continuing operations 83.6 80.2
Loss from discontinued operations, net of tax (0.6)  
Net income 83.0 80.2
Less: Income attributable to non-controlling interests 0.4 0.9
Net income attributable to Penske Automotive Group common stockholders $ 82.6 $ 79.3
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 0.97 $ 0.90
Discontinued operations (in dollars per share) (0.01)  
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.96 $ 0.90
Shares used in determining basic earnings per share (in shares) 85.6 88.3
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 0.97 $ 0.90
Discontinued operations (in dollars per share) (0.01)  
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.96 $ 0.90
Shares used in determining diluted earnings per share (in shares) 85.6 88.3
Amounts attributable to Penske Automotive Group common stockholders:    
Income from continuing operations $ 83.6 $ 80.2
Less: Income attributable to non-controlling interests 0.4 0.9
Income from continuing operations, net of tax 83.2 79.3
Loss from discontinued operations, net of tax (0.6)  
Net income attributable to Penske Automotive Group common stockholders $ 82.6 $ 79.3
Cash dividends per share (in dollars per share) $ 0.30 $ 0.26
Retail Automotive Dealership    
Revenue:    
Total revenues $ 4,756.4 $ 4,512.9
Cost of sales:    
Total cost of sales 4,048.1 3,847.9
Retail Commercial Truck Dealership    
Revenue:    
Total revenues 211.7 206.7
Cost of sales:    
Total cost of sales 175.3 173.5
Commercial Vehicle Distribution and Other    
Revenue:    
Total revenues 113.0 105.0
Cost of sales:    
Total cost of sales $ 83.4 $ 79.4