XML 102 R88.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Financial Information (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash and cash equivalents $ 28,676 $ 19,904 $ 18,031 $ 15,901
Accounts receivable, net 438,769 377,614    
Inventories 1,572,568 1,416,567    
Other current assets 80,179 68,078    
Assets held for sale 81,122 172,860    
Total current assets 2,201,314 2,055,023    
Property and equipment, net 856,674 714,548    
Intangible assets 1,132,181 997,191    
Equity method investments 298,640 288,406    
Other long-term assets 13,490 14,664    
Total assets 4,502,299 4,069,832    
Floor plan notes payable 977,548 901,590    
Floor plan notes payable - non-trade 691,888 480,665    
Accounts payable 220,538 248,838    
Accrued expenses 201,179 200,266    
Current portion of long-term debt 3,414 6,770    
Liabilities held for sale 55,820 123,600    
Total current liabilities 2,150,387 1,961,729    
Long-term debt 846,777 769,285    
Deferred tax liabilities 217,902 178,406    
Other long-term liabilities 146,820 114,559    
Total liabilities 3,361,886 3,023,979    
Total equity 1,140,413 1,045,853 946,039 808,421
Total liabilities and equity 4,502,299 4,069,832    
Eliminations [Member]
       
CONDENSED CONSOLIDATING BALANCE SHEET        
Accounts receivable, net (297,782) (269,021)    
Total current assets (297,782) (269,021)    
Other long-term assets (1,360,808) (1,212,538)    
Total assets (1,658,590) (1,481,559)    
Accrued expenses (297,782) (269,021)    
Total current liabilities (297,782) (269,021)    
Long-term debt (38,073) (77,593)    
Total liabilities (335,855) (346,614)    
Total equity (1,322,735) (1,134,945)    
Total liabilities and equity (1,658,590) (1,481,559)    
Penske Automotive Group [Member]
       
CONDENSED CONSOLIDATING BALANCE SHEET        
Accounts receivable, net 305,386 269,021    
Other current assets 2,306 1,127    
Total current assets 307,692 270,148    
Property and equipment, net 6,730 4,957    
Equity method investments 246,658 234,214    
Other long-term assets 1,369,182 1,222,168    
Total assets 1,930,262 1,731,487    
Floor plan notes payable - non-trade 90,892 25,000    
Accounts payable 1,633 2,186    
Accrued expenses   564    
Total current liabilities 92,525 27,750    
Long-term debt 697,324 657,884    
Total liabilities 789,849 685,634    
Total equity 1,140,413 1,045,853    
Total liabilities and equity 1,930,262 1,731,487    
Guarantor Subsidiaries [Member]
       
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash and cash equivalents 27,249 15,411 12,131 14,757
Accounts receivable, net 281,689 227,307    
Inventories 894,246 865,308    
Other current assets 40,321 32,450    
Assets held for sale 36,642 137,023    
Total current assets 1,280,147 1,277,499    
Property and equipment, net 547,731 444,433    
Intangible assets 699,453 480,689    
Other long-term assets 3,381 3,080    
Total assets 2,530,712 2,205,701    
Floor plan notes payable 560,999 562,581    
Floor plan notes payable - non-trade 335,621 286,016    
Accounts payable 112,805 85,939    
Accrued expenses 99,092 95,567    
Current portion of long-term debt 3,414 1,265    
Liabilities held for sale 17,818 90,525    
Total current liabilities 1,129,749 1,121,893    
Long-term debt 77,060 49,689    
Deferred tax liabilities 198,348 165,666    
Other long-term liabilities 92,613 98,515    
Total liabilities 1,497,770 1,435,763    
Total equity 1,032,942 769,939    
Total liabilities and equity 2,530,712 2,205,702    
Non-Guarantor Subsidiaries [Member]
       
CONDENSED CONSOLIDATING BALANCE SHEET        
Cash and cash equivalents 1,427 4,493 5,900 1,144
Accounts receivable, net 149,476 150,307    
Inventories 678,322 551,259    
Other current assets 37,552 34,501    
Assets held for sale 44,480 35,837    
Total current assets 911,257 776,397    
Property and equipment, net 302,213 265,158    
Intangible assets 432,728 516,502    
Equity method investments 51,982 54,192    
Other long-term assets 1,735 1,954    
Total assets 1,699,915 1,614,203    
Floor plan notes payable 416,549 339,009    
Floor plan notes payable - non-trade 265,375 169,649    
Accounts payable 106,100 160,713    
Accrued expenses 399,869 373,156    
Current portion of long-term debt   5,505    
Liabilities held for sale 38,002 33,075    
Total current liabilities 1,225,895 1,081,107    
Long-term debt 110,466 139,305    
Deferred tax liabilities 19,554 12,740    
Other long-term liabilities 54,207 16,044    
Total liabilities 1,410,122 1,249,196    
Total equity 289,793 365,006    
Total liabilities and equity $ 1,699,915 $ 1,614,202