Penske Automotive Group Inc

Common Name

Penske Automotive Group

Country

United States

Sector

Consumer Cyclical

Industry

Auto & Truck Dealerships

Employees

28,400

Ticker

PAG

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.penskeautomotive.com

Description

Penske Automotive Group Inc. is a diversified international transportation services company that primarily operates automobile and commercial truck dealerships. The company's core business involves th... Show more

Financial Statements of Penske Automotive Group

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenue	—	—	—
Retail automotive dealership	26,156.2^a	25,209.1^a	23,694.7^a
Retail commercial truck dealership	3,521.1^a	3,684.3^a	3,541.3^a
Commercial vehicle distribution and other	777.9^a	634^a	578.8^a
Total revenues	30,455.2^a	29,527.4^a	27,814.8^a
Cost of sales	—	—	—
Retail automotive dealership	-21,905.6^a	-21,032.9^a	-19,568.3^a
Retail commercial truck dealership	-2,936.6^a	-3,091.9^a	-2,986.2^a
Commercial vehicle distribution and other	-599.7^a	-468.8^a	-421.5^a
Total cost of sales	-25,441.9^a	-24,593.6^a	-22,976^a
Gross profit	5,013.3^a	4,933.8^a	4,838.8^a
Selling, general, and administrative expenses	-3,538.5^a	-3,400.6^a	-3,223.7^a
Goodwill impairment charges	0^a	-40.7^a	0^a
Depreciation	-158^a	-141^a	-127.3^a
Operating income	1,316.8^a	1,351.5^a	1,487.8^a
Floor plan interest expense	-189.8^a	-133.1^a	-52.4^a
Other interest expense	-87.8^a	-92.6^a	-70.4^a
Equity in earnings of affiliates	200.7^a	293.7^a	494.2^a
Income before income taxes	1,239.9^a	1,419.5^a	1,859.2^a
Income taxes	-316.5^a	-360.9^a	-473^a
Net income	923.4^a	1,058.6^a	1,386.2^a
Less: Income attributable to non-controlling interests	4.5^a	5.4^a	6.2^a
Net income attributable to Penske Automotive Group common stockholders	918.9^a	1,053.2^a	1,380^a
Amounts attributable to Penske Automotive Group common stockholders	—	—	—
Net income	923.4^a	1,058.6^a	1,386.2^a
Less: Income attributable to non-controlling interests	4.5^a	5.4^a	6.2^a
Net income attributable to Penske Automotive Group common stockholders	918.9^a	1,053.2^a	1,380^a

Verified Sources Behind Penske Automotive Group’s Financial Fundamentals Data

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a. Penske Automotive Group's 10-K 2024

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Penske Automotive Group Inc

Financial Statements of Penske Automotive Group

Verified Sources Behind Penske Automotive Group’s Financial Fundamentals Data

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