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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 115.1 $ 96.4
Accounts receivable, net of allowance for doubtful accounts of $7.7 and $6.8 1,040.5 1,114.6
Inventories 4,705.9 4,293.1
Other current assets 217.7 175.6
Total current assets 6,079.2 5,679.7
Property and equipment, net 2,914.3 2,765.2
Operating lease right-of-use assets 2,466.1 2,405.5
Goodwill 2,356.4 2,234.9
Other indefinite-lived intangible assets 931.9 748.2
Equity method investments 1,814.1 1,774.9
Other long-term assets 71.5 63.1
Total assets 16,633.5 15,671.5 Close
LIABILITIES AND EQUITY    
Floor plan notes payable 2,578.2 2,255.6
Floor plan notes payable — non-trade 1,562.7 1,515.9
Accounts payable 943.4 866.9
Accrued expenses and other current liabilities 916.9 809.8
Current portion of long-term debt 171.7 209.7
Total current liabilities 6,172.9 5,657.9
Long-term debt 1,594.6 1,419.5
Long-term operating lease liabilities 2,397.4 2,336.0
Deferred tax liabilities 1,229.0 1,231.7
Other long-term liabilities 253.3 270.8
Total liabilities 11,647.2 10,915.9 Close
Commitments and contingent liabilities (Note 10)
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 5,254.3 4,990.3
Accumulated other comprehensive income (loss) (299.7) (264.1)
Total Penske Automotive Group stockholders' equity 4,954.6 4,726.2
Non-controlling interest 31.7 29.4
Total equity 4,986.3 4,755.6 Close
Total liabilities and equity 16,633.5 15,671.5
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