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CONSOLIDATED CONDENSED STATEMENT OF EQUITY - 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, 2017 | $ 2,395.2 |  | $ 532.3 | $ 2,009.4 | $ (146.5) | $ 32.8 | $ 2,428.0
Balance (in shares) at Dec. 31, 2017 |  | 85,787,507 |  |  |  |  |
Increase (decrease) in stockholders' equity |  |  |  |  |  |  |
Adoption of ASC | ASC 606 | 6.6 |  |  | 6.6 |  |  | 6.6
Equity compensation | 4.5 |  | 4.5 |  |  |  | 4.5
Equity compensation (in shares) |  | 320,919 |  |  |  |  |
Repurchases of common stock | (50.0) |  | (50.0) |  |  |  | (50.0)
Repurchases of common stock (in shares) |  | (1,133,016) |  |  |  |  |
Dividends | (29.2) |  |  | (29.2) |  |  | (29.2)
Purchase of subsidiary shares from non-controlling interest | (1.4) |  | (1.4) |  |  | (3.1) | (4.5)
Distributions to non-controlling interest |  |  |  |  |  | (0.1) | (0.1)
Foreign currency translation | 30.7 |  |  |  | 30.7 |  | 30.7
Other | 0.9 |  | (0.2) |  | 1.1 | (0.3) | 0.6
Net income | 108.1 |  |  | 108.1 |  | (0.3) | 107.8
Balance at Mar. 31, 2018 | 2,465.4 |  | 485.2 | 2,094.9 | (114.7) | 29.0 | 2,494.4
Balance (in shares) at Mar. 31, 2018 |  | 84,975,410 |  |  |  |  |
Balance at Dec. 31, 2018 | 2,609.1 |  | 477.8 | 2,365.8 | (234.5) | 25.6 | 2,634.7
Balance (in shares) at Dec. 31, 2018 |  | 84,546,970 |  |  |  |  |
Increase (decrease) in stockholders' equity |  |  |  |  |  |  |
Adoption of ASC | ASC 842 | 5.0 |  |  | 5.0 |  |  | 5.0
Equity compensation | 4.6 |  | 4.6 |  |  |  | 4.6
Equity compensation (in shares) |  | 362,887 |  |  |  |  |
Repurchases of common stock | (54.3) |  | (54.3) |  |  |  | (54.3)
Repurchases of common stock (in shares) |  | (1,258,348) |  |  |  |  |
Dividends | (32.2) |  |  | (32.2) |  |  | (32.2)
Purchase of subsidiary shares from non-controlling interest |  |  |  |  |  | (4.8) | (4.8)
Distributions to non-controlling interest |  |  |  |  |  | (0.1) | (0.1)
Foreign currency translation | 7.0 |  |  |  | 7.0 | (0.3) | 6.7
Other | 1.8 |  |  |  | 1.8 | 0.3 | 2.1
Net income | 100.2 |  |  | 100.2 |  | (1.0) | 99.2
Balance at Mar. 31, 2019 | $ 2,641.2 |  | $ 428.1 | $ 2,438.8 | $ (225.7) | $ 19.7 | $ 2,660.9
Balance (in shares) at Mar. 31, 2019 |  | 83,651,509 |  |  |  |  |

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