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CONSOLIDATED STATEMENT OF EQUITY - 3 months ended Mar. 31, 2017 - USD ($) $ in Millions | Total Stockholders' Equity Attributable to Penske Automotive Group | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Non-controlling Interest | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2016 | $ 1,750.9 |  | $ 497.1 | $ 1,504.5 | $ (250.7) | $ 28.6 | $ 1,779.5
Balance (in shares) at Dec. 31, 2016 |  | 85,214,345 |  |  |  |  |
Increase (decrease) in stockholders' equity |  |  |  |  |  |  |
Equity compensation | 4.4 |  | 4.4 |  |  |  | 4.4
Equity compensation (in shares) |  | 310,952 |  |  |  |  |
Repurchases of common stock | (2.7) |  | (2.7) |  |  |  | (2.7)
Repurchases of common stock (in shares) |  | (50,000) |  |  |  |  |
Issuance of common stock | 32.4 |  | 32.4 |  |  |  | 32.4
Issuance of common stock (in shares) |  | 665,487 |  |  |  |  |
Dividends | (25.6) |  |  | (25.6) |  |  | (25.6)
Distributions to non-controlling interests |  |  |  |  |  | (0.2) | (0.2)
Foreign currency translation | 24.3 |  |  |  | 24.3 | 0.4 | 24.7
Other | 1.4 |  |  |  | 1.4 |  | 1.4
Net income | 82.6 |  |  | 82.6 |  | 0.4 | 83.0
Balance at Mar. 31, 2017 | $ 1,867.7 |  | $ 531.2 | $ 1,561.5 | $ (225.0) | $ 29.2 | $ 1,896.9
Balance (in shares) at Mar. 31, 2017 |  | 86,140,784 |  |  |  |  |

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