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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Total revenues $ 21,386.9 $ 20,118.5 $ 19,284.9
Cost of sales:      
Total cost of sales 18,164.4 17,151.9 16,417.4
Gross profit 3,222.5 2,966.6 2,867.5
Selling, general and administrative expenses 2,516.0 2,302.0 2,223.0
Depreciation 95.1 89.7 78.0
Operating income 611.4 574.9 566.5
Floor plan interest expense (63.4) (50.9) (44.5)
Other interest expense (107.4) (85.4) (69.4)
Equity in earnings of affiliates 107.6 69.5 39.3
Income from continuing operations before income taxes 548.2 508.1 491.9
Income taxes 64.8 (160.7) (158.0)
Income from continuing operations 613.0 347.4 333.9
Loss from discontinued operations, net of tax (0.2) (1.0) (3.5)
Net income 612.8 346.4 330.4
Less: (Loss) income attributable to non-controlling interests (0.5) 3.5 4.3
Net income attributable to Penske Automotive Group common stockholders $ 613.3 $ 342.9 $ 326.1
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 7.14 $ 4.00 $ 3.67
Discontinued operations (in dollars per share) 0.00 (0.01) (0.04)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 7.14 $ 3.99 $ 3.63
Shares used in determining basic earnings per share (in shares) 85,877,227 86,000,754 89,759,626
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 7.14 $ 4.00 $ 3.67
Discontinued operations (in dollars per share) 0.00 (0.01) (0.04)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 7.14 $ 3.99 $ 3.63
Shares used in determining diluted earnings per share (in shares) 85,877,227 86,000,754 89,759,626
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations $ 613.0 $ 347.4 $ 333.9
Less: (Loss) income attributable to non-controlling interests (0.5) 3.5 4.3
Income from continuing operations, net of tax 613.5 343.9 329.6
Loss from discontinued operations, net of tax (0.2) (1.0) (3.5)
Net income attributable to Penske Automotive Group common stockholders $ 613.3 $ 342.9 $ 326.1
Cash dividends per share (in dollars per share) $ 1.26 $ 1.1 $ 0.94
Retail Automotive Dealership      
Revenue:      
Total revenues $ 19,824.3 $ 18,673.2 $ 17,896.3
Cost of sales:      
Total cost of sales 16,899.5 15,968.4 15,288.3
Retail Commercial Truck Dealership      
Revenue:      
Total revenues 1,048.0 1,000.7 944.1
Cost of sales:      
Total cost of sales 882.2 857.8 797.1
Commercial Vehicle Distribution and Other      
Revenue:      
Total revenues 514.6 444.6 444.5
Cost of sales:      
Total cost of sales $ 382.7 $ 325.7 $ 332.0