$PAG
Penske Automotive Group Inc

2014 Q2 Form 10-Q Financial Statement

#000110465914055490 Filed on July 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2 2013
Revenue $4.407B $3.631B $14.70B
YoY Change 21.38% 11.72% 13.45%
Cost Of Revenue $3.740B $3.071B $12.33B
YoY Change 21.77% 9.29% 12.34%
Gross Profit $666.9M $559.5M $2.239B
YoY Change 19.2% 12.73% 12.72%
Gross Profit Margin 15.13% 15.41% 15.23%
Selling, General & Admin $513.2M $432.7M $1.745B
YoY Change 18.6% 8.0% 11.09%
% of Gross Profit 76.95% 77.34% 77.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.50M $14.70M $61.10M
YoY Change 19.05% 10.37% 15.5%
% of Gross Profit 2.62% 2.63% 2.73%
Operating Expenses $513.2M $432.7M $1.745B
YoY Change 18.6% 8.0% 11.09%
Operating Profit $136.2M $112.1M $432.9M
YoY Change 21.5% 23.17% 19.39%
Interest Expense -$13.30M -$13.70M -$58.00M
YoY Change -2.92% 3.79% -21.62%
% of Operating Profit -9.77% -12.22% -13.4%
Other Income/Expense, Net
YoY Change
Pretax Income $122.4M $98.40M $372.6M
YoY Change 24.39% 26.38% 29.51%
Income Tax $41.10M $34.90M $123.2M
% Of Pretax Income 33.58% 35.47% 33.06%
Net Earnings $72.90M $62.00M $244.2M
YoY Change 17.58% 26.27% 31.64%
Net Earnings / Revenue 1.65% 1.71% 1.66%
Basic Earnings Per Share $0.81 $0.69 $2.71
Diluted Earnings Per Share $0.81 $0.69 $2.70
COMMON SHARES
Basic Shares Outstanding 90.40M shares 90.30M shares 90.27M shares
Diluted Shares Outstanding 90.40M shares 90.30M shares 90.33M shares

Balance Sheet

Concept 2014 Q2 2013 Q2 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.00M $26.00M $50.00M
YoY Change 134.62% -29.73% 16.28%
Cash & Equivalents $61.40M $26.30M $50.00M
Short-Term Investments
Other Short-Term Assets $111.4M $90.35M $342.0M
YoY Change 23.3% -31.03% 111.11%
Inventory $2.616B $2.126B $2.501B
Prepaid Expenses
Receivables $641.0M $531.0M $595.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.482B $2.807B $3.488B
YoY Change 24.06% 13.92% 26.38%
LONG-TERM ASSETS
Property, Plant & Equipment $1.368B $1.148B $1.120B
YoY Change 19.09% 24.16% 8.63%
Goodwill $1.218B $295.4M
YoY Change 312.29%
Intangibles
YoY Change
Long-Term Investments $354.7M $332.5M $347.0M
YoY Change 6.68% 11.95% 14.52%
Other Assets $19.10M $18.60M $31.00M
YoY Change 2.72% 32.82% 47.62%
Total Long-Term Assets $3.260B $2.731B $2.928B
YoY Change 19.38% 12.42% 11.8%
TOTAL ASSETS
Total Short-Term Assets $3.482B $2.807B $3.488B
Total Long-Term Assets $3.260B $2.731B $2.928B
Total Assets $6.742B $5.538B $6.416B
YoY Change 21.75% 13.17% 19.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $435.1M $314.1M $369.0M
YoY Change 38.54% 0.98% 39.77%
Accrued Expenses $314.4M $227.0M $261.0M
YoY Change 38.52% -12.37% 16.52%
Deferred Revenue
YoY Change
Short-Term Debt $2.651B $2.228B $2.573B
YoY Change 18.99% 18.32% 20.57%
Long-Term Debt Due $81.60M $44.90M $15.00M
YoY Change 81.75% 245.35% -21.05%
Total Short-Term Liabilities $3.524B $2.837B $3.384B
YoY Change 24.2% 13.48% 25.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.007B $875.3M $982.0M
YoY Change 15.02% 10.24% 6.97%
Other Long-Term Liabilities $192.5M $155.3M $167.0M
YoY Change 23.98% -5.9% 1.83%
Total Long-Term Liabilities $1.199B $1.031B $1.149B
YoY Change 16.37% 7.46% 6.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.524B $2.837B $3.384B
Total Long-Term Liabilities $1.199B $1.031B $1.149B
Total Liabilities $5.096B $4.181B $4.911B
YoY Change 21.86% 13.44% 20.52%
SHAREHOLDERS EQUITY
Retained Earnings $906.1M $704.5M
YoY Change 28.61%
Common Stock $685.8M $689.0M
YoY Change -0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.629B $1.352B $1.504B
YoY Change
Total Liabilities & Shareholders Equity $6.742B $5.538B $6.416B
YoY Change 21.75% 13.17% 19.28%

Cashflow Statement

Concept 2014 Q2 2013 Q2 2013
OPERATING ACTIVITIES
Net Income $72.90M $62.00M $244.2M
YoY Change 17.58% 26.27% 31.64%
Depreciation, Depletion And Amortization $17.50M $14.70M $61.10M
YoY Change 19.05% 10.37% 15.5%
Cash From Operating Activities $80.00M $89.40M $319.6M
YoY Change -10.51% 13.89% -1.99%
INVESTING ACTIVITIES
Capital Expenditures -$41.70M -$74.70M -$175.0M
YoY Change -44.18% 140.19% 15.97%
Acquisitions $338.1M
YoY Change 35.13%
Other Investing Activities -$33.00M -$17.10M -$6.700M
YoY Change 92.98% 175.81% -23.86%
Cash From Investing Activities -$74.70M -$91.80M -$557.9M
YoY Change -18.63% 146.11% 50.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.80M
YoY Change 61.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.000M -3.300M 244.7M
YoY Change -130.3% -90.86% 296.6%
NET CHANGE
Cash From Operating Activities 80.00M 89.40M 319.6M
Cash From Investing Activities -74.70M -91.80M -557.9M
Cash From Financing Activities 1.000M -3.300M 244.7M
Net Change In Cash 6.300M -5.700M 6.400M
YoY Change -210.53% -211.76% -62.57%
FREE CASH FLOW
Cash From Operating Activities $80.00M $89.40M $319.6M
Capital Expenditures -$41.70M -$74.70M -$175.0M
Free Cash Flow $121.7M $164.1M $494.6M
YoY Change -25.84% 49.73% 3.69%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Registrant Name
EntityRegistrantName
PENSKE AUTOMOTIVE GROUP, INC.
dei Entity Central Index Key
EntityCentralIndexKey
0001019849
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Use Of Estimates
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CY2013Q4 us-gaap Assets
Assets
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CY2013Q4 pag Floor Plan Notes Payable
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CY2013Q4 pag Floor Plan Notes Payable Non Trade
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CY2013Q4 us-gaap Liabilities Current
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CY2013Q4 us-gaap Liabilities
Liabilities
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Liabilities And Stockholders Equity
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CY2014Q2 us-gaap Stockholders Equity
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CY2014Q2 us-gaap Other Assets Current
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CY2014Q2 us-gaap Assets Held For Sale Current
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CY2014Q2 us-gaap Assets Current
AssetsCurrent
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CY2014Q2 us-gaap Property Plant And Equipment Net
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CY2014Q2 us-gaap Intangible Assets Net Including Goodwill
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CY2014Q2 us-gaap Equity Method Investments
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CY2014Q2 us-gaap Other Assets Noncurrent
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CY2014Q2 us-gaap Assets
Assets
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CY2014Q2 pag Floor Plan Notes Payable
FloorPlanNotesPayable
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CY2014Q2 pag Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
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us-gaap Gross Profit
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us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Depreciation
Depreciation
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us-gaap Operating Income Loss
OperatingIncomeLoss
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pag Floor Plan Interest Expense
FloorPlanInterestExpense
22700000 USD
pag Interest Expense Excluding Floor Plan Interest
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26200000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2014Q2 pag Floor Plan Interest Expense
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CY2014Q2 pag Interest Expense Excluding Floor Plan Interest
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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CY2014Q2 us-gaap Gross Profit
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CY2014Q2 us-gaap Selling General And Administrative Expense
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CY2014Q2 us-gaap Depreciation
Depreciation
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Profit Loss
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CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2014Q2 us-gaap Profit Loss
ProfitLoss
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CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2014Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
900000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2013Q2 us-gaap Gross Profit
GrossProfit
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CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2013Q2 us-gaap Depreciation
Depreciation
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CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013Q2 pag Floor Plan Interest Expense
FloorPlanInterestExpense
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CY2013Q2 pag Interest Expense Excluding Floor Plan Interest
InterestExpenseExcludingFloorPlanInterest
11900000 USD
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8900000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34900000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
63500000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2013Q2 us-gaap Profit Loss
ProfitLoss
62500000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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us-gaap Gross Profit
GrossProfit
1086100000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
839800000 USD
us-gaap Depreciation
Depreciation
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us-gaap Operating Income Loss
OperatingIncomeLoss
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pag Floor Plan Interest Expense
FloorPlanInterestExpense
20800000 USD
pag Interest Expense Excluding Floor Plan Interest
InterestExpenseExcludingFloorPlanInterest
23400000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63200000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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121100000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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PreferredStockSharesOutstanding
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
174000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
70200000 USD
pag Payments To Purchase Penske Car Rental Vehicles
PaymentsToPurchasePenskeCarRentalVehicles
73200000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
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pag Net Borrowings Repayments Of Floor Plan Notes Payable Non Trade
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37600000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
72900000 USD
pag Payments To Purchase Penske Car Rental Vehicles
PaymentsToPurchasePenskeCarRentalVehicles
76300000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
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pag Net Borrowings Repayments Of Floor Plan Notes Payable Non Trade
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32400000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Of Dividends Common Stock
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33500000 USD
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us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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11600000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26300000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43800000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2013Q4 us-gaap Minority Interest
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CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2014Q2 us-gaap Preferred Stock Value
PreferredStockValue
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CY2014Q2 us-gaap Common Stock Value
CommonStockValue
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CY2013Q4 us-gaap Common Stock Value
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CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1400000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
500000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.62
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.33
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.62
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.70
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
146400000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
63000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
80300000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
26100000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1500000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
600000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
500000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1200000 USD
CY2014Q2 pag Other Comprehensive Income Other Adjustment Net Of Tax Period Increase Decrease
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800000 USD
CY2013Q2 pag Other Comprehensive Income Other Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease
300000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2100000 USD
pag Other Comprehensive Income Other Adjustment Net Of Tax Period Increase Decrease
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-3200000 USD
pag Other Comprehensive Income Other Adjustment Net Of Tax Period Increase Decrease
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-1200000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2200000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
700000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
400000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1500000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
1100000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10200000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
14500000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
25800000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6500000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
40100000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
139900000 USD
us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
61900000 USD
pag Increase Decrease In Floor Plan Notes Payable
IncreaseDecreaseInFloorPlanNotesPayable
76500000 USD
pag Increase Decrease In Floor Plan Notes Payable
IncreaseDecreaseInFloorPlanNotesPayable
32200000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
58700000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
109000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-7400000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1600000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
491700000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
572600000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
519700000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
562600000 USD
pag Proceeds From Borrowings Of Car Rental Revolver
ProceedsFromBorrowingsOfCarRentalRevolver
94300000 USD
pag Proceeds From Borrowings Of Car Rental Revolver
ProceedsFromBorrowingsOfCarRentalRevolver
73500000 USD
pag Repayments Of Borrowings Of Car Rental Revolver
RepaymentsOfBorrowingsOfCarRentalRevolver
12200000 USD
pag Repayments Of Borrowings Of Car Rental Revolver
RepaymentsOfBorrowingsOfCarRentalRevolver
39400000 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
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us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
16500000 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
2600000 USD
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
54000000 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-11400000 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-1600000 USD
us-gaap Interest Paid
InterestPaid
47000000 USD
us-gaap Interest Paid
InterestPaid
50500000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11400000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
48300000 USD
pag Repayment Of Sellers Floor Plan Notes Payable Dealership Acquisitions
RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions
23000000 USD
pag Repayment Of Sellers Floor Plan Notes Payable Dealership Acquisitions
RepaymentOfSellersFloorPlanNotesPayableDealershipAcquisitions
1800000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
65500000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
400000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65100000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
300000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
200000 USD
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
685800000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
906100000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
17900000 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
us-gaap Dividends Cash
DividendsCash
33500000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
12000000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
400000 USD
CY2013Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-44500000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-41500000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6800000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2400000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-35500000 USD
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-600000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-800000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-34700000 USD

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