Penske Automotive Group, Inc. (PAG) financial statements (2022 and earlier)

Company profile

Business Address 2555 TELEGRAPH RD
BLOOMFIELD HILLS, MI 48302-0954
State of Incorp. DE
Fiscal Year End December 31
SIC 55 - Automotive Dealers And Gasoline Service Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101119165955093159
Cash and cash equivalents101119165955093159
Receivables734738913862807848757
Inventory, net of allowances, customer advances and progress billings3,1292,5982,9373,2783,4263,2103,426
Inventory3,1292,5982,9373,2783,4263,2103,426
Other current assets11212112712512719977
Total current assets:4,0753,5774,1424,3594,4094,3494,418
Noncurrent Assets
Operating lease, right-of-use asset2,4512,4112,4452,4192,4172,3792,311
Property, plant and equipment2,4422,3792,4102,3732,4042,3382,294
Long-term investments and receivables1,6881,6681,6041,5541,5001,4661,410
Long-term investments1,6881,6681,6041,5541,5001,4661,410
Intangible assets, net (including goodwill)2,7662,6522,6772,4902,4922,4562,424
Goodwill2,1242,0512,0711,9291,9281,9011,878
Intangible assets, net (excluding goodwill)642601606562563554546
Other noncurrent assets42332927252320
Total noncurrent assets:9,3899,1439,1658,8638,8388,6608,458
TOTAL ASSETS:13,46512,71913,30713,22213,24713,01012,876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6371,7311,7551,4791,4431,4921,364
Accounts payable767809838691675717679
Accrued liabilities870922917788767775685
Deferred revenue297263276265263276258
Debt826882888886170
Disposal group, including discontinued operation1111111
Other undisclosed current liabilities2,2581,7742,2902,7572,8812,2542,897
Total current liabilities:4,2753,8374,4034,5894,6754,1094,690
Noncurrent Liabilities
Long-term debt and lease obligation3,7663,6983,8123,8423,9524,5354,307
Long-term debt, excluding current maturities1,3921,3571,4361,4931,6022,2162,054
Operating lease, liability2,3742,3412,3762,3492,3502,3192,253
Liabilities, other than long-term debt1,3291,3181,3301,3071,2941,2821,102
Deferred income tax liabilities1,0601,003978918873853689
Other liabilities269315352389421429413
Total noncurrent liabilities:5,0955,0165,1425,1495,2465,8185,409
Total liabilities:9,3708,8539,5449,7379,9219,92610,099
Stockholders' equity
Stockholders' equity attributable to parent4,0703,8423,7393,4623,3033,0642,760
Additional paid in capital42111284318312301296
Accumulated other comprehensive loss(169)(190)(148)(155)(161)(222)(275)
Retained earnings4,1973,9223,6033,2993,1512,9852,738
Stockholders' equity attributable to noncontrolling interest25242423241918
Total stockholders' equity:4,0953,8663,7633,4853,3263,0842,778
TOTAL LIABILITIES AND EQUITY:13,46512,71913,30713,22213,24713,01012,876

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues6,2966,4976,9885,7745,8125,9723,651
Cost of revenue
(Cost of Goods and Services Sold)
(5,117)(5,332)(5,805)(4,861)(4,914)(5,015)(3,098)
Gross profit:1,1791,1661,183913898957553
Operating expenses(791)(758)(750)(664)(626)(643)(454)
Other undisclosed operating loss(32)(30)(30)(29)(30)(29)(28)
Operating income:35637840322024328471
Other undisclosed loss from continuing operations before equity method investments, income taxes(11)      
Income from continuing operations before equity method investments, income taxes:34537840322024328471
Income from equity method investments9312110655586630
Other undisclosed loss from continuing operations before income taxes(18)(22)(45)(27)(38)(39)(40)
Income from continuing operations before income taxes:42047646424826331261
Income tax expense(108)(120)(123)(65)(62)(64)(17)
Income before gain (loss) on sale of properties:31235634018320124845
Other undisclosed net income100 000
Net income:31335634018320124845
Net income (loss) attributable to noncontrolling interest(2)(1)(2)(1)(1)(1)0
Net income available to common stockholders, diluted:31135533918320024745

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:31335634018320124845
Other comprehensive income (loss)21(43)85625325
Comprehensive income:33431434818826330170
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(2)(0)(2)(1)0
Comprehensive income, net of tax, attributable to parent:33331334718826230070

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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