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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total Stockholders' Equity Attributable to Penske Automotive Group
Cumulative Effect, Period of Adoption, Adjustment
Total Stockholders' Equity Attributable to Penske Automotive Group
Common Stock
Additional Paid-in Capital
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Cumulative Effect, Period of Adoption, Adjustment
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                    
Equity compensation   16.1   16.1           16.1
Equity compensation (in shares)     346,957              
Repurchases of common stock   (68.9)   (68.9)           (68.9)
Repurchases of common stock (in shares)     (1,587,494)              
Dividends   (121.2)       (121.2)       (121.2)
Purchase of subsidiary shares from non-controlling interest   (1.5)   (1.5)       (5.4)   (6.9)
Distributions to non-controlling interest               (0.9)   (0.9)
Foreign currency translation   (74.3)         (74.3) (1.5)   (75.8)
Other   (13.9)   (0.2)     (13.7) 1.3   (12.6)
Net income   471.0       471.0   (0.7)   470.3
Balance (ASC 606) at Dec. 31, 2018 $ 6.6       $ 6.6       $ 6.6  
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                    
Equity compensation   16.7   16.7           16.7
Equity compensation (in shares)     524,617              
Repurchases of common stock   (174.1)   (174.1)           (174.1)
Repurchases of common stock (in shares)     (3,986,836)              
Dividends   (130.8)       (130.8)       (130.8)
Purchase of subsidiary shares from non-controlling interest               (7.0)   (7.0)
Distributions to non-controlling interest               (0.5)   (0.5)
Foreign currency translation   22.2         22.2 (0.3)   21.9
Other   9.5         9.5 1.1   10.6
Net income   435.8       435.8   (0.7)   435.1
Balance (ASC 842) at Dec. 31, 2019 $ 5.0       $ 5.0       $ 5.0  
Balance at Dec. 31, 2019   2,793.4   320.4   2,675.8 (202.8) 18.2   2,811.6
Balance (in shares) at Dec. 31, 2019     81,084,751              
Increase (decrease) in stockholders' equity                    
Equity compensation   25.8   25.8           25.8
Equity compensation (in shares)     335,647              
Repurchases of common stock   (34.4)   (34.4)           (34.4)
Repurchases of common stock (in shares)     (1,027,736)              
Dividends   (68.1)       (68.1)       (68.1)
Interest rate swaps   (3.2)         (3.2)     (3.2)
Purchase of subsidiary shares from non-controlling interest               (5.0)   (5.0)
Foreign currency translation   50.6         50.6 0.7   51.3
Other   (5.2)         (5.2) 8.0   2.8
Net income   543.6       543.6   1.7   545.3
Balance at Dec. 31, 2020   $ 3,302.5   $ 311.8   $ 3,151.3 $ (160.6) $ 23.6   $ 3,326.1
Balance (in shares) at Dec. 31, 2020     80,392,662