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 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Retail automotive dealership | 26,156.2a | 25,209.1a | 23,694.7a |
| Retail commercial truck dealership | 3,521.1a | 3,684.3a | 3,541.3a |
| Commercial vehicle distribution and other | 777.9a | 634a | 578.8a |
| Total revenues | 30,455.2a | 29,527.4a | 27,814.8a |
| Cost of sales | — | — | — |
| Retail automotive dealership | -21,905.6a | -21,032.9a | -19,568.3a |
| Retail commercial truck dealership | -2,936.6a | -3,091.9a | -2,986.2a |
| Commercial vehicle distribution and other | -599.7a | -468.8a | -421.5a |
| Total cost of sales | -25,441.9a | -24,593.6a | -22,976a |
| Gross profit | 5,013.3a | 4,933.8a | 4,838.8a |
| Selling, general, and administrative expenses | -3,538.5a | -3,400.6a | -3,223.7a |
| Goodwill impairment charges | 0a | -40.7a | 0a |
| Depreciation | -158a | -141a | -127.3a |
| Operating income | 1,316.8a | 1,351.5a | 1,487.8a |
| Floor plan interest expense | -189.8a | -133.1a | -52.4a |
| Other interest expense | -87.8a | -92.6a | -70.4a |
| Equity in earnings of affiliates | 200.7a | 293.7a | 494.2a |
| Income before income taxes | 1,239.9a | 1,419.5a | 1,859.2a |
| Income taxes | -316.5a | -360.9a | -473a |
| Net income | 923.4a | 1,058.6a | 1,386.2a |
| Less: Income attributable to non-controlling interests | 4.5a | 5.4a | 6.2a |
| Net income attributable to Penske Automotive Group common stockholders | 918.9a | 1,053.2a | 1,380a |
| Amounts attributable to Penske Automotive Group common stockholders | — | — | — |
| Net income | 923.4a | 1,058.6a | 1,386.2a |
| Less: Income attributable to non-controlling interests | 4.5a | 5.4a | 6.2a |
| Net income attributable to Penske Automotive Group common stockholders | 918.9a | 1,053.2a | 1,380a |
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