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CONSOLIDATED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Penske Automotive Group Stockholders’ Equity
Total Penske Automotive Group Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Voting and Non-voting Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Balance (in shares) at Dec. 31, 2020         80,392,662          
Balance at Dec. 31, 2020 $ 3,326.1   $ 3,302.5     $ 311.8 $ 3,151.3   $ (160.6) $ 23.6
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         434,995          
Equity compensation 6.6   6.6     6.6        
Dividends (34.6)   (34.6)       (34.6)      
Interest rate swaps 3.9   3.9           3.9  
Distributions to non-controlling interest (1.2)                 (1.2)
Foreign currency translation 0.1   0.6           0.6 (0.5)
Other 0.7   0.7           0.7 0.0
Net income 183.1   182.5       182.5     0.6
Balance (in shares) at Mar. 31, 2021         80,827,657          
Balance at Mar. 31, 2021 3,484.7   3,462.2     318.4 3,299.2   (155.4) 22.5
Balance (in shares) at Dec. 31, 2021         77,574,172          
Balance at Dec. 31, 2021 $ 4,095.0 $ (121.6) 4,070.0 $ (121.6)   42.2 4,196.6 $ (121.6) (168.8) 25.0
Increase (decrease) in stockholders' equity                    
Accounting standards update Accounting Standards Update 2016-02 [Member]                  
Equity compensation (in shares)         287,682          
Equity compensation $ 7.4   7.4     7.4        
Repurchases of common stock (in shares)         (1,203,449)          
Repurchases of common stock (119.2)   (119.2)     (49.6) (69.6)      
Dividends (36.4)   (36.4)       (36.4)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (0.6)                 (0.6)
Foreign currency translation (28.5)   (28.1)           (28.1) (0.4)
Other (1.2)   (1.2)           (1.2)  
Net income 369.5   367.9       367.9     1.6
Balance (in shares) at Mar. 31, 2022         76,658,405          
Balance at Mar. 31, 2022 $ 4,164.4   $ 4,138.8     $ 0.0 $ 4,336.9   $ (198.1) $ 25.6