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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total revenues $ 7,447.8 $ 6,920.7 $ 22,255.3 $ 20,803.0
Cost of sales:        
Total cost of sales 6,227.4 5,733.8 18,509.6 17,147.4
Gross profit 1,220.4 1,186.9 3,745.7 3,655.6 Close
Selling, general, and administrative expenses 853.5 792.7 2,556.5 2,408.2 Close
Depreciation 35.4 31.5 103.4 95.1 CloseClose
Total Operating Expenses 888.9 824.2 2659.9 2503.3 0 Close
Operating income 331.5 362.7 1,085.8 1,152.3 Close
Floor plan interest expense (35.5) (13.8) (94.2) (30.3) Close
Other interest expense (24.5) (17.9) (69.5) (51.4) Close
Total Other Income Expenses 25.0 104.5 77.9 312.1 0 Close
Equity in earnings of affiliates 85.0 136.2 241.6 393.8 CloseClose
Income before income taxes 356.5 467.2 1,163.7 1,464.4 Close
Income taxes (92.1) (125.7) (297.1) (377.5) Close
Net income 264.4 341.5 866.6 1,086.9 Close
Less: Income attributable to non-controlling interests 1.0 1.4 4.1 4.9
Net income attributable to Penske Automotive Group common stockholders $ 263.4 $ 340.1 $ 862.5 $ 1,082.0
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.92 $ 4.61 $ 12.64 $ 14.32
Shares used in determining basic earnings per share (in shares) 67,252,265 73,739,316 68,205,621 75,575,189
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 3.92 $ 4.61 $ 12.64 $ 14.31
Shares used in determining diluted earnings per share (in shares) 67,267,230 73,764,715 68,220,586 75,600,588
Amounts attributable to Penske Automotive Group common stockholders:        
Net income $ 264.4 $ 341.5 $ 866.6 $ 1,086.9
Less: Income attributable to non-controlling interests 1.0 1.4 4.1 4.9
Net income attributable to Penske Automotive Group common stockholders $ 263.4 $ 340.1 $ 862.5 $ 1,082.0
Cash dividends per share (in dollars per share) $ 0.72 $ 0.53 $ 1.99 $ 1.50
Retail automotive dealership        
Revenue:        
Total revenues $ 6,325.4 $ 5,757.8 $ 19,031.2 $ 17,784.3
Cost of sales:        
Total cost of sales 5,300.1 4,750.9 15,857.4 14,666.7
Retail commercial truck dealership        
Revenue:        
Total revenues 964.7 1,019.5 2,779.5 2,580.5
Cost of sales:        
Total cost of sales 809.3 879.8 2,330.3 2,163.6
Commercial vehicle distribution and other        
Revenue:        
Total revenues 157.7 143.4 444.6 438.2
Cost of sales:        
Total cost of sales $ 118.0 $ 103.1 $ 321.9 $ 317.1