Penske Automotive Group, Inc. (PAG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50283946246236
Cash and cash equivalents50283946246236
Receivables807960929955879782701
Inventory, net of allowances, customer advances and progress billings3,4264,2614,0403,9443,4083,4642,819
Inventory3,4264,2614,0403,9443,4083,4642,819
Disposal group, including discontinued operation    813186
Other current assets12785878210287125
Total current assets:4,4095,3345,0955,0274,4224,4083,868
Noncurrent Assets
Operating lease, right-of-use asset2,4172,361
Property, plant and equipment2,4042,3662,2502,1091,8071,5201,329
Long-term investments and receivables1,5001,3991,3051,257893336353
Long-term investments1,5001,3991,3051,257893336353
Intangible assets, net (including goodwill)2,4922,4632,2382,1351,7111,7311,653
Goodwill1,9281,9111,7521,6611,2911,3231,266
Intangible assets, net (excluding goodwill)563552486474420408386
Other noncurrent assets25201614282726
Total noncurrent assets:8,8388,6095,8095,5144,4403,6153,361
TOTAL ASSETS:13,24713,94310,90510,5418,8618,0237,228
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4431,3411,1651,165857872728
Accounts payable675639598642497494418
Accrued liabilities767702567524360378310
Deferred revenue263263
Debt881949273482937
Disposal group, including discontinued operation111166133
Contract with customer, liability270
Other undisclosed current liabilities2,8813,6533,5213,7623,3183,3802,733
Total current liabilities:4,6755,4515,0485,0004,2304,2873,630
Noncurrent Liabilities
Long-term debt and lease obligation3,9524,5582,1252,0901,8291,2551,316
Long-term debt, excluding current maturities1,6022,2572,1252,0901,8291,2551,316
Operating lease, liability2,3502,301
Liabilities, other than long-term debt1,2941,1221,0971,0221,023646601
Deferred tax liabilities, net578482593433410
Deferred income tax liabilities873678
Other liabilities421444519540431212191
Total noncurrent liabilities:5,2465,6803,2223,1122,8521,9011,917
Total liabilities:9,92111,1318,2708,1137,0826,1885,547
Stockholders' equity
Stockholders' equity attributable to parent3,3032,7932,6092,3951,7511,7901,653
Additional paid in capital312320478532497656691
Accumulated other comprehensive loss(161)(203)(235)(147)(251)(123)(53)
Retained earnings3,1512,6762,3662,0091,5051,2571,015
Stockholders' equity attributable to noncontrolling interest24182633294528
Total stockholders' equity:3,3262,8122,6352,4281,7801,8351,681
TOTAL LIABILITIES AND EQUITY:13,24713,94310,90510,5418,8618,0237,228

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues20,44423,17922,78521,38720,11919,28517,177
Revenue, net21,38720,11919,28517,177
Cost of revenue
(Cost of Goods and Services Sold)
(17,259)(19,724)(19,370)(18,164)(17,152)(16,417)(14,604)
Gross profit:3,1853,4563,4153,2232,9672,8682,574
Operating expenses(2,365)(2,693)(2,646)(2,516)(2,302)(2,223)(2,000)
Other undisclosed operating loss(116)(110)(104)(95)(90)(78)(70)
Operating income:705653665611575567504
Income from continuing operations before equity method investments, income taxes:705653665611575567504
Income from equity method investments169148135108703941
Other undisclosed loss from continuing operations before income taxes(166)(209)(196)(171)(136)(114)(83)
Income from continuing operations before income taxes:708592604548508492462
Income tax expense (benefit)(163)(157)(134)65(161)(158)(153)
Income from continuing operations:545435470613347334309
Loss from discontinued operations     (4)(19)
Income before gain (loss) on sale of properties:545435470613347330290
Other undisclosed net income (loss)001(0)(1)  
Net income:545435470613346330290
Net income (loss) attributable to noncontrolling interest(2)111(4)(4)(3)
Net income available to common stockholders, diluted:544436471613343326287

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:545435470613346330290
Other comprehensive income (loss)4331(90)107(129)(70)(66)
Comprehensive income:588467381720217260224
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)12(3)(3)(3)(2)
Comprehensive income, net of tax, attributable to parent:586468383718215257222

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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