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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 96.4 $ 106.5
Accounts receivable, net of allowance for doubtful accounts of $6.8 and $6.6 1,114.6 906.7
Inventories 4,293.1 3,509.1
Other current assets 175.6 141.9
Total current assets 5,679.7 4,664.2
Property and equipment, net 2,765.2 2,496.5
Operating lease right-of-use assets 2,405.5 2,416.1
Goodwill 2,234.9 2,154.7
Other indefinite-lived intangible assets 748.2 690.9
Equity method investments 1,774.9 1,636.9
Other long-term assets 63.1 55.3
Total assets 15,671.5 14,114.6 Close
LIABILITIES AND EQUITY    
Floor plan notes payable 2,255.6 1,565.7
Floor plan notes payable — non-trade 1,515.9 1,430.6
Accounts payable 866.9 853.5
Accrued expenses and other current liabilities 809.8 788.1
Current portion of long-term debt 209.7 75.2
Total current liabilities 5,657.9 4,713.1
Long-term debt 1,419.5 1,546.9
Long-term operating lease liabilities 2,336.0 2,335.7
Deferred tax liabilities 1,231.7 1,121.0
Other long-term liabilities 270.8 223.1
Total liabilities 10,915.9 9,939.8 Close
Commitments and contingent liabilities (Note 11)
Penske Automotive Group stockholders' equity:    
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding 0.0 0.0
Common stock 0.0 0.0
Additional paid-in capital 0.0 0.0
Retained earnings 4,990.3 4,483.3
Accumulated other comprehensive income (loss) (264.1) (335.3)
Total Penske Automotive Group stockholders' equity 4,726.2 4,148.0
Non-controlling interest 29.4 26.8
Total equity 4,755.6 4,174.8 Close
Total liabilities and equity 15,671.5 14,114.6
Non-voting Common Stock    
Penske Automotive Group stockholders' equity:    
Common stock 0.0 0.0
Class C Common Stock    
Penske Automotive Group stockholders' equity:    
Common stock $ 0.0 $ 0.0