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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Total revenues $ 22,785.1 $ 21,386.9 $ 20,118.5
Cost of sales:      
Total cost of sales 19,370.2 18,164.4 17,151.9
Gross profit 3,414.9 3,222.5 2,966.6
Selling, general and administrative expenses 2,646.3 2,516.0 2,302.0
Depreciation 103.7 95.1 89.7
Operating income 664.9 611.4 574.9
Floor plan interest expense (80.9) (63.4) (50.9)
Other interest expense (114.7) (107.4) (85.4)
Equity in earnings of affiliates 134.8 107.6 69.5
Income from continuing operations before income taxes 604.1 548.2 508.1
Income taxes (134.3) 64.8 (160.7)
Income from continuing operations 469.8 613.0 347.4
Income (loss) from discontinued operations, net of tax 0.5 (0.2) (1.0)
Net income 470.3 612.8 346.4
Less: (Loss) income attributable to non-controlling interests (0.7) (0.5) 3.5
Net income attributable to Penske Automotive Group common stockholders $ 471.0 $ 613.3 $ 342.9
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 5.52 $ 7.14 $ 4.00
Discontinued operations (in dollars per share) 0.01 0.00 (0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 5.53 $ 7.14 $ 3.99
Shares used in determining basic earnings per share (in shares) 85,165,367 85,877,227 86,000,754
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 5.52 $ 7.14 $ 4.00
Discontinued operations (in dollars per share) 0.01 0.00 (0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 5.53 $ 7.14 $ 3.99
Shares used in determining diluted earnings per share (in shares) 85,165,367 85,877,227 86,000,754
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations $ 469.8 $ 613.0 $ 347.4
Less: (Loss) income attributable to non-controlling interests (0.7) (0.5) 3.5
Income from continuing operations, net of tax 470.5 613.5 343.9
Income (loss) from discontinued operations, net of tax 0.5 (0.2) (1.0)
Net income attributable to Penske Automotive Group common stockholders $ 471.0 $ 613.3 $ 342.9
Cash dividends per share (in dollars per share) $ 1.42 $ 1.26 $ 1.10
Retail Automotive Dealership      
Revenue:      
Total revenues $ 20,849.2 $ 19,824.3 $ 18,673.2
Cost of sales:      
Total cost of sales 17,790.6 16,899.5 15,968.4
Retail Commercial Truck Dealership      
Revenue:      
Total revenues 1,374.5 1,048.0 1,000.7
Cost of sales:      
Total cost of sales 1,163.0 882.2 857.8
Commercial Vehicle Distribution and Other      
Revenue:      
Total revenues 561.4 514.6 444.6
Cost of sales:      
Total cost of sales $ 416.6 $ 382.7 $ 325.7