Below are the financial statements of Penske Automotive Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Assets | — | — |
| Cash and cash equivalents | 72.4a | 96.4a |
| Accounts receivable, net of allowance for doubtful accounts of $6.3 and $6.8 | 1,002.1a | 1,114.6a |
| Inventories | 4,640.2a | 4,293.1a |
| Other current assets | 213.1a | 175.6a |
| Total current assets | 5,927.8a | 5,679.7a |
| Property and equipment, net | 3,006.2a | 2,765.2a |
| Operating lease right-of-use assets | 2,467.2a | 2,405.5a |
| Goodwill | 2,371.3a | 2,234.9a |
| Other indefinite-lived intangible assets | 1,011.6a | 748.2a |
| Equity method investments | 1,827a | 1,774.9a |
| Other long-term assets | 109.8a | 63.1a |
| Total assets | 16,720.9a | 15,671.5a |
| Liabilities and equity | — | — |
| Floor plan notes payable | 2,535.8a | 2,255.6a |
| Floor plan notes payable - non-trade | 1,488.2a | 1,515.9a |
| Accounts payable | 851.7a | 866.9a |
| Accrued expenses and other current liabilities | 889a | 809.8a |
| Current portion of long-term debt | 721.2a | 209.7a |
| Total current liabilities | 6,485.9a | 5,657.9a |
| Long-term debt | 1,130.8a | 1,419.5a |
| Long-term operating lease liabilities | 2,392.6a | 2,336a |
| Deferred tax liabilities | 1,231a | 1,231.7a |
| Other long-term liabilities | 253.3a | 270.8a |
| Total liabilities | 11,493.6a | 10,915.9a |
| Penske Automotive Group stockholders' equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 0a | 0a |
| Non-voting common stock | 0a | 0a |
| Class C common stock | 0a | 0a |
| Additional paid-in capital | 9.1a | 0a |
| Retained earnings | 5,565.2a | 4,990.3a |
| Accumulated other comprehensive loss | -364.5a | -264.1a |
| Equity | — | — |
| Total Penske Automotive Group stockholders' equity | 5,209.8a | 4,726.2a |
| Non-controlling interest | 17.5a | 29.4a |
| Total equity | 5,227.3a | 4,755.6a |
| Total liabilities and equity | 16,720.9a | 15,671.5a |
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