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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Total revenues $ 5,009.1 $ 5,564.4
Cost of sales:    
Total cost of sales 4,232.4 4,712.9
Gross profit 776.7 851.5
Selling, general and administrative expenses 641.8 666.4
Depreciation 28.5 26.4
Operating income 106.4 158.7
Floor plan interest expense (17.7) (21.8)
Other interest expense (31.7) (29.9)
Equity in earnings of affiliates 14.5 26.8
Income from continuing operations before income taxes 71.5 133.8
Income taxes (20.1) (34.7)
Income from continuing operations 51.4 99.1
Income (loss) from discontinued operations, net of tax 0.1 0.1
Net income 51.5 99.2
Less: Loss attributable to non-controlling interests (0.2) (1.0)
Net income attributable to Penske Automotive Group common stockholders $ 51.7 $ 100.2
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 0.64 $ 1.19
Discontinued operations (in dollars per share) 0.00 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.64 $ 1.19
Shares used in determining basic earnings per share (in shares) 81,053,404 84,378,960
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 0.64 $ 1.19
Discontinued operations (in dollars per share) 0.00 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.64 $ 1.19
Shares used in determining diluted earnings per share (in shares) 81,093,404 84,418,960
Amounts attributable to Penske Automotive Group common stockholders:    
Income from continuing operations $ 51.4 $ 99.1
Less: Loss attributable to non-controlling interests (0.2) (1.0)
Income from continuing operations, net of tax 51.6 100.1
Income (loss) from discontinued operations, net of tax 0.1 0.1
Net income attributable to Penske Automotive Group common stockholders $ 51.7 $ 100.2
Cash dividends per share (in dollars per share) $ 0.42 $ 0.38
Retail Automotive Dealership    
Revenue:    
Total revenues $ 4,416.6 $ 5,091.2
Cost of sales:    
Total cost of sales 3,738.5 4,329.7
Retail Commercial Truck Dealership    
Revenue:    
Total revenues 491.4 332.3
Cost of sales:    
Total cost of sales 422.6 277.9
Commercial Vehicle Distribution and Other    
Revenue:    
Total revenues 101.1 140.9
Cost of sales:    
Total cost of sales $ 71.3 $ 105.3