Penske Automotive Group, Inc. (PAG) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28394624623650
Cash and cash equivalents28394624623650
Receivables960929955879782701606
Inventory, net of allowances, customer advances and progress billings4,2614,0403,9443,4083,4642,8192,538
Inventory4,2614,0403,9443,4083,4642,8192,538
Disposal group, including discontinued operation   813186 
Assets held-for-sale64
Other current assets8587821028712589
Total current assets:5,3345,0955,0274,4224,4083,8683,347
Noncurrent Assets
Operating lease, right-of-use asset2,361
Property, plant and equipment2,3662,2502,1091,8071,5201,3291,241
Long-term investments and receivables1,3991,3051,257893336353347
Long-term investments1,3991,3051,257893336353347
Intangible assets, net (including goodwill), including:2,4632,2382,1351,7111,7311,6531,449
Goodwill1,9111,7521,6611,2911,3231,2661,149
Intangible assets, net (excluding goodwill)552486474420408386 
Other undisclosed intangible assets, net (including goodwill)      300
Other noncurrent assets20161428272632
Total noncurrent assets:8,6095,8095,5144,4403,6153,3613,069
TOTAL ASSETS:13,94310,90510,5418,8618,0237,2286,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3411,1651,165857872728639
Accounts payable639598642497494418375
Accrued liabilities702567524360378310264
Deferred revenue263
Debt194927348293750
Disposal group, including discontinued operation1116613336
Contract with customer, liability270
Other undisclosed current liabilities3,6533,5213,7623,3183,3802,7332,608
Total current liabilities:5,4515,0485,0004,2304,2873,6303,332
Noncurrent Liabilities
Long-term debt and lease obligation4,5582,1252,0901,8291,2551,3161,033
Long-term debt, excluding current maturities2,2572,1252,0901,8291,2551,3161,033
Operating lease, liability2,301
Liabilities, other than long-term debt1,1221,0971,0221,023646601528
Deferred tax liabilities, net578482593433410361
Deferred income tax liabilities678
Other liabilities444519540431212191167
Total noncurrent liabilities:5,6803,2223,1122,8521,9011,9171,562
Total liabilities:11,1318,2708,1137,0826,1885,5474,893
Stockholders' equity
Stockholders' equity attributable to parent2,7932,6092,3951,7511,7901,6531,504
Additional paid in capital320478532497656691694
Accumulated other comprehensive income (loss)(203)(235)(147)(251)(123)(53)12
Retained earnings2,6762,3662,0091,5051,2571,015799
Stockholders' equity attributable to noncontrolling interest18263329452818
Total stockholders' equity:2,8122,6352,4281,7801,8351,6811,522
TOTAL LIABILITIES AND EQUITY:13,94310,90510,5418,8618,0237,2286,416

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues23,17922,78521,38720,11919,28517,17714,705
Revenue, net21,38720,11919,28517,17714,705
Cost of revenue
(Cost of Goods and Services Sold)
(19,724)(19,370)(18,164)(17,152)(16,417)(14,604)(12,446)
Gross profit:3,4563,4153,2232,9672,8682,5742,260
Operating expenses(2,693)(2,646)(2,516)(2,302)(2,223)(2,000)(1,762)
Other undisclosed operating loss(110)(104)(95)(90)(78)(70)(62)
Operating income:653665611575567504436
Income from continuing operations before equity method investments, income taxes:653665611575567504436
Income from equity method investments14813510870394131
Other undisclosed loss from continuing operations before income taxes(209)(196)(171)(136)(114)(83)(92)
Income from continuing operations before income taxes:592604548508492462375
Income tax expense (benefit)(157)(134)65(161)(158)(153)(124)
Income from continuing operations:435470613347334309251
Loss from discontinued operations    (4)(19)(5)
Income before gain (loss) on sale of properties:435470613347330290246
Other undisclosed net income (loss)01(0)(1)   
Net income:435470613346330290246
Net income (loss) attributable to noncontrolling interest111(4)(4)(3)(2)
Net income available to common stockholders, diluted:436471613343326287244

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:435470613346330290246
Other comprehensive income (loss)31(90)107(129)(70)(66)19
Comprehensive income:467381720217260224265
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12(3)(3)(3)(2)2
Other undisclosed comprehensive loss, net of tax, attributable to parent      (4)
Comprehensive income, net of tax, attributable to parent:468383718215257222263

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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