$PAG
Penske Automotive Group Inc

2022 Q3 Form 10-Q Financial Statement

#000101984922000040 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $6.921B $6.907B $6.296B
YoY Change 6.52% -1.15% 8.33%
Cost Of Revenue $5.734B $5.670B $5.117B
YoY Change 7.54% -2.32% 4.14%
Gross Profit $1.187B $1.237B $1.179B
YoY Change 1.82% 4.59% 31.26%
Gross Profit Margin 17.15% 17.91% 18.73%
Selling, General & Admin $792.7M $817.7M $791.1M
YoY Change 4.62% 9.06% 26.41%
% of Gross Profit 66.79% 66.1% 67.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.50M $31.70M $31.80M
YoY Change 4.3% 4.97% 5.65%
% of Gross Profit 2.65% 2.56% 2.7%
Operating Expenses $792.7M $817.7M $822.9M
YoY Change 4.62% 9.06% 25.46%
Operating Profit $362.7M $387.6M $356.3M
YoY Change -4.0% -3.75% 46.93%
Interest Expense $104.5M $112.0M $64.00M
YoY Change 6.31% 43.59% 207.69%
% of Operating Profit 28.81% 28.9% 17.96%
Other Income/Expense, Net
YoY Change
Pretax Income $467.2M $499.6M $420.3M
YoY Change -1.87% 7.74% 59.63%
Income Tax $125.7M $123.7M $108.3M
% Of Pretax Income 26.9% 24.76% 25.77%
Net Earnings $340.1M $374.0M $311.3M
YoY Change -4.22% 10.36% 55.49%
Net Earnings / Revenue 4.91% 5.41% 4.94%
Basic Earnings Per Share $4.61 $4.93
Diluted Earnings Per Share $4.61 $4.93 $3.983M
COMMON SHARES
Basic Shares Outstanding 74.20M shares 75.79M shares 78.30M
Diluted Shares Outstanding 73.76M shares 75.82M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.30M $154.9M $100.7M
YoY Change -22.57% -6.23% 101.4%
Cash & Equivalents $92.30M $154.9M $100.7M
Short-Term Investments
Other Short-Term Assets $139.8M $147.9M $111.7M
YoY Change 15.16% 16.55% -11.91%
Inventory $3.147B $3.055B $3.129B
Prepaid Expenses
Receivables $831.3M $774.3M $734.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.210B $4.132B $4.075B
YoY Change 17.71% -0.24% -7.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.416B $2.402B $2.442B
YoY Change 1.55% -0.32% 1.57%
Goodwill $2.113B $2.140B $2.124B
YoY Change 3.02% 3.32% 10.15%
Intangibles
YoY Change
Long-Term Investments $1.734B $1.673B $1.688B
YoY Change 3.93% 4.29% 12.52%
Other Assets $47.60M $43.60M $41.90M
YoY Change 42.94% 50.34% 64.96%
Total Long-Term Assets $9.378B $9.372B $9.389B
YoY Change 2.57% 2.26% 6.23%
TOTAL ASSETS
Total Short-Term Assets $4.210B $4.132B $4.075B
Total Long-Term Assets $9.378B $9.372B $9.389B
Total Assets $13.59B $13.50B $13.46B
YoY Change 6.83% 1.48% 1.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $828.0M $841.1M $767.1M
YoY Change 2.37% 0.37% 13.58%
Accrued Expenses $813.2M $853.1M $870.3M
YoY Change -11.84% -6.95% 13.44%
Deferred Revenue $267.4M $285.6M $297.0M
YoY Change 1.79% 3.44% 12.97%
Short-Term Debt $2.596B $2.442B $2.555B
YoY Change 27.45% -4.82% -18.74%
Long-Term Debt Due $76.00M $78.50M $82.00M
YoY Change 11.93% -3.68% -6.29%
Total Short-Term Liabilities $4.313B $4.215B $4.275B
YoY Change 12.42% -4.26% -8.56%
LONG-TERM LIABILITIES
Long-Term Debt $1.562B $1.408B $1.392B
YoY Change 15.12% -2.01% -13.11%
Other Long-Term Liabilities $200.0M $222.5M $269.0M
YoY Change -36.51% -36.75% -36.06%
Total Long-Term Liabilities $1.762B $1.630B $1.661B
YoY Change 5.4% -8.84% -17.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.313B $4.215B $4.275B
Total Long-Term Liabilities $1.762B $1.630B $1.661B
Total Liabilities $9.500B $9.285B $9.370B
YoY Change 7.31% -2.72% -5.56%
SHAREHOLDERS EQUITY
Retained Earnings $4.505B $4.507B $4.197B
YoY Change 14.87% 25.1% 33.17%
Common Stock $0.00 $0.00 $42.20M
YoY Change -100.0% -100.0% -86.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.064B $4.195B $4.070B
YoY Change
Total Liabilities & Shareholders Equity $13.59B $13.50B $13.46B
YoY Change 6.83% 1.48% 1.64%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $340.1M $374.0M $311.3M
YoY Change -4.22% 10.36% 55.49%
Depreciation, Depletion And Amortization $31.50M $31.70M $31.80M
YoY Change 4.3% 4.97% 5.65%
Cash From Operating Activities $329.0M $498.6M -$37.50M
YoY Change -20.53% -26.41% -110.65%
INVESTING ACTIVITIES
Capital Expenditures -$57.60M -$81.90M -$91.40M
YoY Change -13.64% 69.21% 27.65%
Acquisitions
YoY Change
Other Investing Activities -$169.7M -$125.3M -$155.6M
YoY Change -864.41% -52.7% -756.54%
Cash From Investing Activities -$227.3M -$207.2M -$247.0M
YoY Change 410.79% -33.87% 415.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -156.3M -299.9M 266.0M
YoY Change -62.01% 1.32% -176.09%
NET CHANGE
Cash From Operating Activities 329.0M 498.6M -37.50M
Cash From Investing Activities -227.3M -207.2M -247.0M
Cash From Financing Activities -156.3M -299.9M 266.0M
Net Change In Cash -54.60M -8.500M -18.50M
YoY Change 30.31% -112.46% -59.25%
FREE CASH FLOW
Cash From Operating Activities $329.0M $498.6M -$37.50M
Capital Expenditures -$57.60M -$81.90M -$91.40M
Free Cash Flow $386.6M $580.5M $53.90M
YoY Change -19.58% -20.03% -87.28%

Facts In Submission

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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Deferred Income Tax Expense Benefit
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Estimates</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accounts requiring the use of significant estimates include accounts receivable, inventories, income taxes, intangible assets, leases, and certain reserves.</span></div>
CY2021Q2 us-gaap Sublease Income
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158400000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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us-gaap Sublease Income
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13000000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
62800000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
127200000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022Q2 us-gaap Sublease Income
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4600000 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
6700000 usd
us-gaap Sublease Income
SubleaseIncome
9700000 usd
us-gaap Sublease Income
SubleaseIncome
13000000.0 usd
CY2022Q2 us-gaap Lease Cost
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59200000 usd
CY2021Q2 us-gaap Lease Cost
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56100000 usd
us-gaap Lease Cost
LeaseCost
117500000 usd
us-gaap Lease Cost
LeaseCost
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us-gaap Operating Lease Payments
OperatingLeasePayments
122500000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
124600000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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64200000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P25Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P25Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
124100000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
242700000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
237200000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
233600000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
227700000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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221500000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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4033900000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5320700000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2867000000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2453700000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
97700000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2356000000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2453700000 usd
CY2022Q2 pag Automotive Inventory New Vehicles Net
AutomotiveInventoryNewVehiclesNet
1004500000 usd
CY2021Q4 pag Automotive Inventory New Vehicles Net
AutomotiveInventoryNewVehiclesNet
869100000 usd
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AutomotiveInventoryUsedVehiclesNet
1164600000 usd
CY2021Q4 pag Automotive Inventory Used Vehicles Net
AutomotiveInventoryUsedVehiclesNet
1420000000 usd
CY2022Q2 pag Automotive Inventory Parts Accessories And Other Net
AutomotiveInventoryPartsAccessoriesAndOtherNet
132700000 usd
CY2021Q4 pag Automotive Inventory Parts Accessories And Other Net
AutomotiveInventoryPartsAccessoriesAndOtherNet
126400000 usd
CY2022Q2 pag Automotive Inventory Commercial Vehicles Net
AutomotiveInventoryCommercialVehiclesNet
480300000 usd
CY2021Q4 pag Automotive Inventory Commercial Vehicles Net
AutomotiveInventoryCommercialVehiclesNet
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CY2022Q2 pag Automotive Inventory Commercial Distribution Vehicles Net
AutomotiveInventoryCommercialDistributionVehiclesNet
273100000 usd
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AutomotiveInventoryCommercialDistributionVehiclesNet
276800000 usd
CY2022Q2 us-gaap Inventory Net
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3055200000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
3129000000 usd
CY2022Q2 pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
10400000 usd
CY2021Q2 pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
21300000 usd
pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
25600000 usd
pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
37100000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
8300000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
0 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
71500000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
37000000.0 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
3200000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
100000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
43300000 usd
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
62800000 usd
CY2022Q2 pag Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets
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CY2021Q2 pag Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets
BusinessAcquisitionPurchasePriceAllocationIndefiniteLivedIntangibleAssets
184700000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
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CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
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us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
225900000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
278000000.0 usd
CY2022Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
6917600000 usd
CY2021Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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CY2022Q2 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
374400000 usd
CY2021Q2 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
347200000 usd
us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
745800000 usd
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BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
539900000 usd
CY2022Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
374400000 usd
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
347200000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
745800000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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CY2022Q2 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
4.94
CY2021Q2 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
4.30
us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
9.75
us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
6.69
CY2022Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
4.94
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
4.30
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
9.75
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
6.69
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75793239 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80691996 shares
CY2021Q4 us-gaap Goodwill
Goodwill
2124100000 usd
CY2021Q4 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
641500000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
72100000 usd
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
48800000 usd
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 usd
us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
0 usd
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-56500000 usd
us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
-12400000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
2139700000 usd
CY2022Q2 us-gaap Other Indefinite Lived Intangible Assets
OtherIndefiniteLivedIntangibleAssets
677900000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76501402 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80649824 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
23880 shares
pag Floor Plan Notes Payable Foreign Maximum Duration
FloorPlanNotesPayableForeignMaximumDuration
P90D
CY2022Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.013
CY2021Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.012
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76525282 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80684266 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34442 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
23880 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
34442 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75817119 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80726438 shares
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1486000000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1474000000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
78500000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
82000000.0 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1407500000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1392000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6906900000 usd
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
18000000 usd
CY2022Q2 pag Surety Bonds Posted
SuretyBondsPosted
21600000 usd
CY2021Q2 pag Reclassification From Accumulated Other Comprehensive Income Loss Current Period Tax Expense Benefit
ReclassificationFromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodTaxExpenseBenefit
-100000 usd
pag Reclassification From Accumulated Other Comprehensive Income Loss Current Period Tax Expense Benefit
ReclassificationFromAccumulatedOtherComprehensiveIncomeLossCurrentPeriodTaxExpenseBenefit
-200000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6987500000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
499600000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
463700000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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13882300000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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12761300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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997200000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
711300000 usd

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