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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Total revenues $ 23,179.4 $ 22,785.1 $ 21,386.9
Cost of sales:      
Total cost of sales 19,723.9 19,370.2 18,164.4
Gross profit 3,455.5 3,414.9 3,222.5
Selling, general and administrative expenses 2,693.2 2,646.3 2,516.0
Depreciation 109.6 103.7 95.1
Operating income 652.7 664.9 611.4
Floor plan interest expense (84.5) (80.9) (63.4)
Other interest expense (124.2) (114.7) (107.4)
Equity in earnings of affiliates 147.5 134.8 107.6
Income from continuing operations before income taxes 591.5 604.1 548.2
Income taxes (156.7) (134.3) 64.8
Income from continuing operations 434.8 469.8 613.0
Income (loss) from discontinued operations, net of tax 0.3 0.5 (0.2)
Net income 435.1 470.3 612.8
Less: Loss attributable to non-controlling interests (0.7) (0.7) (0.5)
Net income attributable to Penske Automotive Group common stockholders $ 435.8 $ 471.0 $ 613.3
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 5.28 $ 5.52 $ 7.14
Discontinued operations (in dollars per share) 0.00 0.01 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 5.28 $ 5.53 $ 7.14
Shares used in determining basic earnings per share (in shares) 82,495,045 85,165,367 85,877,227
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 5.28 $ 5.52 $ 7.14
Discontinued operations (in dollars per share) 0.00 0.01 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 5.28 $ 5.53 $ 7.14
Shares used in determining diluted earnings per share (in shares) 82,495,045 85,165,367 85,877,227
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations $ 434.8 $ 469.8 $ 613.0
Less: Loss attributable to non-controlling interests (0.7) (0.7) (0.5)
Income from continuing operations, net of tax 435.5 470.5 613.5
Income (loss) from discontinued operations, net of tax 0.3 0.5 (0.2)
Net income attributable to Penske Automotive Group common stockholders $ 435.8 $ 471.0 $ 613.3
Cash dividends per share (in dollars per share) $ 1.58 $ 1.42 $ 1.26
Retail Automotive Dealership      
Revenue:      
Total revenues $ 20,615.8 $ 20,849.2 $ 19,824.3
Cost of sales:      
Total cost of sales 17,576.9 17,790.6 16,899.5
Retail Commercial Truck Dealership      
Revenue:      
Total revenues 2,050.5 1,374.5 1,048.0
Cost of sales:      
Total cost of sales 1,772.7 1,163.0 882.2
Commercial Vehicle Distribution and Other      
Revenue:      
Total revenues 513.1 561.4 514.6
Cost of sales:      
Total cost of sales $ 374.3 $ 416.6 $ 382.7