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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed | The following table summarizes the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the nine months ended September 30, 2023 and 2022:
| September 30,
| 2023 |  | 2022
Accounts receivable | $ | — |  |  | $ | 8.3 |
Inventories | 33.8 |  |  | 111.4 |
Other current assets | 0.2 |  |  | 3.2 |
Property and equipment | 38.4 |  |  | 134.1 |
Indefinite-lived intangibles | 141.4 |  |  | 160.3 |
Other noncurrent assets | — |  |  | — |
Current liabilities | (2.5) |  |  | (14.2) |
Noncurrent liabilities | — |  |  | (9.7) |
Total cash used in acquisitions | $ | 211.3 |  |  | $ | 393.4 |
Summary of unaudited consolidated pro forma results of operations | Our following unaudited consolidated pro forma results of operations for the three and nine months ended September 30, 2023 and 2022 give effect to acquisitions consummated during 2023 and 2022 as if they had occurred effective at the beginning of the period:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenues | $ | 7,465.1 |  |  | $ | 7,069.9 |  |  | $ | 22,418.6 |  |  | $ | 21,484.8 |
Net income attributable to Penske Automotive Group common stockholders | 263.7 |  |  | 342.4 |  |  | 866.0 |  |  | 1,094.0 |
Net income per diluted common share | $ | 3.92 |  |  | $ | 4.64 |  |  | $ | 12.69 |  |  | $ | 14.47 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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