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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 49.5 $ 28.1
Accounts receivable, net of allowance for doubtful accounts of $5.5 and $5.7 806.9 960.3
Inventories 3,425.6 4,260.7
Other current assets 126.8 85.0
Total current assets 4,408.8 5,334.1
Property and equipment, net 2,404.4 2,366.4
Operating lease right-of-use assets 2,416.5 2,360.5
Goodwill 1,928.4 1,911.0
Other indefinite-lived intangible assets 563.4 552.2
Equity method investments 1,500.3 1,399.0
Other long-term assets 25.4 19.5
Total assets 13,247.2 13,942.7
LIABILITIES AND EQUITY    
Floor plan notes payable 1,780.5 2,412.5
Floor plan notes payable - non-trade 1,363.8 1,594.0
Accounts payable 675.4 638.8
Accrued expenses and other current liabilities 767.2 701.9
Current portion of long-term debt 87.5 103.3
Liabilities held for sale 0.5 0.5
Total current liabilities 4,674.9 5,451.0
Long-term debt 1,602.1 2,257.0
Long-term operating lease liabilities 2,350.3 2,301.2
Deferred tax liabilities 873.1 677.9
Other long-term liabilities 420.7 444.0
Total liabilities 9,921.1 11,131.1
Commitments and contingent liabilities (Note 12)
Penske Automotive Group stockholders' equity:    
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding
Common Stock
Additional paid-in capital 311.8 320.4
Retained earnings 3,151.3 2,675.8
Accumulated other comprehensive income (loss) (160.6) (202.8)
Total Penske Automotive Group stockholders' equity 3,302.5 2,793.4
Non-controlling interest 23.6 18.2
Total equity 3,326.1 2,811.6
Total liabilities and equity 13,247.2 13,942.7
Non-voting Common Stock    
Penske Automotive Group stockholders' equity:    
Common Stock
Class C Common Stock    
Penske Automotive Group stockholders' equity:    
Common Stock