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CONSOLIDATED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total Stockholders' Equity Attributable to Penske Automotive Group
Cumulative Effect, Period of Adoption, Adjustment
Total Stockholders' Equity Attributable to Penske Automotive Group
Common Stock
Additional Paid-in Capital
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Cumulative Effect, Period of Adoption, Adjustment
Total
Balance at Dec. 31, 2018   $ 2,609.1   $ 477.8   $ 2,365.8 $ (234.5) $ 25.6   $ 2,634.7
Balance (in shares) at Dec. 31, 2018     84,546,970              
Increase (decrease) in stockholders' equity                    
Equity compensation   13.5   13.5           13.5
Equity compensation (in shares)     506,793              
Repurchases of common stock   (174.1)   (174.1)           (174.1)
Repurchases of common stock (in shares)     (3,986,836)              
Dividends   (97.3)       (97.3)       (97.3)
Purchase of subsidiary shares from non-controlling interest               (4.8)   (4.8)
Distributions to non-controlling interest               (0.5)   (0.5)
Foreign currency translation   (53.4)         (53.4) (0.7)   (54.1)
Other   1.9         1.9 1.0   2.9
Net income   334.2       334.2   (0.4)   333.8
Balance (ASC 842) at Sep. 30, 2019 $ 5.0       $ 5.0       $ 5.0  
Balance at Sep. 30, 2019   2,638.9   317.2   2,607.7 (286.0) 20.2   2,659.1
Balance (in shares) at Sep. 30, 2019     81,066,927              
Balance at Jun. 30, 2019   2,640.5   356.5   2,524.3 (240.3) 20.5   2,661.0
Balance (in shares) at Jun. 30, 2019     81,956,305              
Increase (decrease) in stockholders' equity                    
Equity compensation   4.3   4.3           4.3
Equity compensation (in shares)     132,244              
Repurchases of common stock   (43.6)   (43.6)           (43.6)
Repurchases of common stock (in shares)     (1,021,622)              
Dividends   (32.8)       (32.8)       (32.8)
Distributions to non-controlling interest               (0.1)   (0.1)
Foreign currency translation   (43.8)         (43.8) (0.5)   (44.3)
Other   (1.9)         (1.9) 0.4   (1.5)
Net income   116.2       116.2   (0.1)   116.1
Balance (ASC 842) at Sep. 30, 2019 $ 5.0       $ 5.0       $ 5.0  
Balance at Sep. 30, 2019   2,638.9   317.2   2,607.7 (286.0) 20.2   2,659.1
Balance (in shares) at Sep. 30, 2019     81,066,927              
Balance at Dec. 31, 2019   2,793.4   320.4   2,675.8 (202.8) 18.2   2,811.6
Balance (in shares) at Dec. 31, 2019     81,084,751              
Increase (decrease) in stockholders' equity                    
Equity compensation   15.2   15.2           15.2
Equity compensation (in shares)     279,196              
Repurchases of common stock   (34.4)   (34.4)           (34.4)
Repurchases of common stock (in shares)     (1,027,736)              
Dividends   (34.2)       (34.2)       (34.2)
Interest rate swaps   (4.0)         (4.0)     (4.0)
Foreign currency translation   (15.7)         (15.7) 0.3   (15.4)
Other   0.6         0.6 0.2   0.8
Net income   343.4       343.4   0.5   343.9
Balance at Sep. 30, 2020   3,064.3   301.2   2,985.0 (221.9) 19.2   3,083.5
Balance (in shares) at Sep. 30, 2020     80,336,211              
Balance at Jun. 30, 2020   2,759.9   296.3   2,738.4 (274.8) 17.7   2,777.6
Balance (in shares) at Jun. 30, 2020     80,339,909              
Increase (decrease) in stockholders' equity                    
Equity compensation   5.1   5.1           5.1
Equity compensation (in shares)     750              
Repurchases of common stock   (0.2)   (0.2)           (0.2)
Repurchases of common stock (in shares)     (4,448)              
Interest rate swaps   0.1         0.1     0.1
Foreign currency translation   49.5         49.5 0.4   49.9
Other   3.3         3.3 0.1   3.4
Net income   246.6       246.6   1.0   247.6
Balance at Sep. 30, 2020   $ 3,064.3   $ 301.2   $ 2,985.0 $ (221.9) $ 19.2   $ 3,083.5
Balance (in shares) at Sep. 30, 2020     80,336,211