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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Total revenues $ 5,773.8 $ 5,009.1
Cost of sales:    
Total cost of sales 4,860.6 4,232.4
Gross profit 913.2 776.7
Selling, general and administrative expenses 664.3 641.8
Depreciation 29.3 28.5
Operating income 219.6 106.4
Floor plan interest expense (9.5) (17.7)
Other interest expense (17.9) (31.7)
Equity in earnings of affiliates 55.4 14.5
Income from continuing operations before income taxes 247.6 71.5
Income taxes (64.5) (20.1)
Income from continuing operations 183.1 51.4
Income from discontinued operations, net of tax   0.1
Net income 183.1 51.5
Less: Income (loss) attributable to non-controlling interests 0.6 (0.2)
Net income attributable to Penske Automotive Group common stockholders $ 182.5 $ 51.7
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 2.26 $ 0.64
Discontinued operations (in dollars per share) 0.00 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 2.26 $ 0.64
Shares used in determining basic earnings per share (in shares) 80,608,996 81,053,404
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations (in dollars per share) $ 2.26 $ 0.64
Discontinued operations (in dollars per share) 0.00 0.00
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 2.26 $ 0.64
Shares used in determining diluted earnings per share (in shares) 80,648,996 81,093,404
Amounts attributable to Penske Automotive Group common stockholders:    
Income from continuing operations $ 183.1 $ 51.4
Less: Income (loss) attributable to non-controlling interests 0.6 (0.2)
Income from continuing operations, net of tax 182.5 51.6
Income from discontinued operations, net of tax   0.1
Net income attributable to Penske Automotive Group common stockholders $ 182.5 $ 51.7
Cash dividends per share (in dollars per share) $ 0.43 $ 0.42
Retail Automotive Dealership    
Revenue:    
Total revenues $ 5,206.9 $ 4,416.6
Cost of sales:    
Total cost of sales 4,407.0 3,738.5
Retail Commercial Truck Dealership    
Revenue:    
Total revenues 434.7 491.4
Cost of sales:    
Total cost of sales 354.7 422.6
Commercial Vehicle Distribution and Other    
Revenue:    
Total revenues 132.2 101.1
Cost of sales:    
Total cost of sales $ 98.9 $ 71.3