Penske Automotive Group, Inc. PAG Income Statement

Penske automotive group, inc. (PAG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue:
Total revenues
5,009	5,891	5,967	5,755	5,564	5,439	5,658	5,940	5,746	5,398	5,524	5,383	5,081	4,887	5,152	5,254	4,824	4,921	4,960	4,920	4,482	4,449	4,396	4,370	4,015	3,743	3,759	3,630	3,349	3,095	3,336	3,315	3,156	2,446	2,898	2,829	2,751	2,181	2,669	2,614	2,477	2,588	2,318
Cost of sales:
Total cost of sales
4,232	5,025	5,097	4,888	4,712	4,631	4,806	5,050	4,882	4,589	4,701	4,566	4,306	4,160	4,407	4,482	4,100	4,204	4,230	4,189	3,793	3,786	3,749	3,715	3,401	3,199	3,188	3,071	2,822	2,619	2,834	2,810	2,662	2,070	2,437	2,374	2,311	1,841	2,251	2,197	2,067	2,165	1,924
Gross profit
776	866	869	867	851	808	852	889	864	808	822	817	774	727	744	771	723	717	729	731	689	662	647	654	614	543	571	559	526	475	501	504	493	376	460	455	439	340	418	416	409	422	393
Selling, general and administrative expenses
641	685	672	668	666	645	662	675	663	646	646	622	601	579	581	582	558	570	563	553	535	527	502	502	477	425	446	432	407	370	400	400	386	295	369	374	355	273	339	339	335	347	327
Depreciation
28	28	27	27	26	26	25	25	25	25	24	23	22	22	21	24	20	20	19	19	18	19	17	17	16	15	15	14	14	12	13	13	12	9	12	11	11	8	11	11	12	14	13
Operating income
106	152	169	171	158	136	163	188	175	137	152	172	150	125	141	164	144	126	146	158	135	115	128	135	120	103	109	112	105	92	87	91	94	71	78	69	72	58	67	65	62	61	52
Floor plan interest expense
17	20	21	21	21	21	20	19	18	17	16	15	13	13	11	13	12	11	11	11	10	12	11	11	11	12	10	10	10	8	9	9	9	5	6	6	6	7	8	7	8	9	8
Other interest expense
31	31	32	30	29	28	28	28	29	28	27	26	25	23	25	19	17	20	16	16	16	15	12	12	12	9	12	11	11	10	11	11	12	11	11	10	11	11	12	12	12	13	13
Debt discount amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	0	1	1	1	2	2	3	3
Equity in earnings of affiliates
14	37	43	39	26	39	41	36	17	36	30	26	13	26	25	12	5	9	11	12	6	12	12	10	5	8	11	8	2	6	8	8	4	7	9	7	0	8	7	4	-0	7	3
Debt redemption costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-
Income from continuing operations before income taxes
71	139	158	159	133	126	157	176	144	127	138	156	124	114	130	143	119	103	129	143	115	115	117	122	102	89	97	98	85	78	57	77	76	62	70	60	52	46	52	47	38	42	30
Income taxes
20	38	42	41	34	29	27	41	36	-200	44	50	41	32	41	47	39	29	41	47	38	37	39	41	34	28	31	34	28	25	15	27	26	21	13	20	15	15	17	16	14	15	10
Income from continuing operations
51	101	116	118	99	96	130	135	107	328	94	106	83	82	88	96	80	73	87	95	76	78	77	81	67	61	66	63	57	53	41	50	50	41	56	39	36	31	35	31	24	27	19
Income (loss) from discontinued operations, net of tax
0	0	0	0	0	0	0	0	0	0	0	0	-0	-	0	-1	-	-2	-0	-0	-0	-5	-2	-7	0	-1	-0	-1	0	-4	-0	-1	-3	6	-0	0	-2	-2	-4	-1	-3	-0	-5
Net income
51	101	116	118	99	97	130	135	107	328	94	106	83	82	88	95	80	71	87	95	75	73	75	73	67	59	65	62	58	49	41	49	47	48	56	40	33	29	30	29	20	27	14
Less: Loss attributable to non-controlling interests
-0	-0	-0	0	-1	-0	-0	0	-0	-1	-0	0	0	0	1	1	0	1	0	1	0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	0	0
Net income attributable to Penske Automotive Group common stockholders
51	101	116	117	100	98	130	134	108	330	94	106	82	82	87	93	79	70	86	94	75	71	74	72	67	59	65	62	57	48	41	49	46	47	55	39	33	28	29	29	20	27	14
Basic earnings per share attributable to Penske Automotive Group common stockholders:
Continuing operations (in dollars per share)
0.64	1.25	1.42	1.42	1.19	1.14	1.53	1.59	1.26	3.84	1.10	1.23	0.97	0.96	1.03	1.11	0.90	0.83	0.96	1.04	0.84	0.86	0.85	0.89	0.74	0.68	0.73	0.70	0.63	0.58	0.46	0.56	0.55	0.47	0.62	0.42	0.39	0.34	0.38	0.34	0.26	0.30	0.22
Discontinued operations (in dollars per share)
0.00	-	-	-	0.00	-	-	-	0.00	-	-	-	-0.01	-	-	-0.01	-	-0.03	0.00	0.00	-0.01	-0.06	-0.02	-0.08	0.00	-0.01	-0.01	-0.01	0.00	-0.05	-0.01	-0.01	-0.03	0.08	-0.01	0.00	-0.03	-0.03	-0.05	-0.02	-0.04	-	-0.06
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)
0.64	1.25	1.42	1.42	1.19	1.15	1.53	1.59	1.26	3.85	1.10	1.23	0.96	0.96	1.03	1.10	0.90	0.80	0.96	1.04	0.83	0.78	0.83	0.81	0.75	0.66	0.72	0.69	0.64	0.54	0.45	0.54	0.52	0.53	0.61	0.43	0.37	0.31	0.33	0.32	0.22	0.30	0.15
Shares used in determining basic earnings per share (in shares)
81	81	81	82	84	84	84	84	85	85	85	86	85	85	85	85	88	88	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	88	91	92	92	92	92	92	91	91	91
Diluted earnings per share attributable to Penske Automotive Group common stockholders:
Continuing operations (in dollars per share)
0.64	1.25	1.42	1.42	1.19	1.15	1.53	1.58	1.26	3.84	1.10	1.23	0.97	0.96	1.03	1.11	0.90	0.83	0.96	1.04	0.84	0.86	0.85	0.89	0.74	0.67	0.73	0.70	0.63	0.58	0.46	0.56	0.55	0.47	0.62	0.42	0.39	0.34	0.38	0.34	0.26	0.30	0.22
Discontinued operations (in dollars per share)
0.00	-	-	-	0.00	-	-	-	0.00	-	-	-	-0.01	-	0.00	-0.01	-	-0.03	0.00	0.00	-0.01	-0.06	-0.02	-0.08	0.00	-0.01	-0.01	-0.01	0.00	-0.05	-0.01	-0.01	-0.03	0.08	-0.01	0.00	-0.03	-0.03	-0.05	-0.02	-0.04	-	-0.06
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)
0.64	1.25	1.42	1.42	1.19	1.16	1.53	1.58	1.26	3.85	1.10	1.23	0.96	0.96	1.03	1.10	0.90	0.80	0.96	1.04	0.83	0.78	0.83	0.81	0.75	0.65	0.72	0.69	0.64	0.54	0.45	0.54	0.52	0.53	0.61	0.43	0.37	0.31	0.33	0.32	0.22	0.30	0.15
Shares used in determining diluted earnings per share (in shares)
81	80	81	82	84	84	84	84	85	85	86	86	85	85	85	85	88	88	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	88	91	92	92	92	92	92	91	91	91
Amounts attributable to Penske Automotive Group common stockholders:
Income from continuing operations
51	101	116	118	99	96	130	135	107	328	94	106	83	82	88	96	80	73	87	95	76	78	77	81	67	61	66	63	57	53	41	50	50	41	56	39	36	31	35	31	24	27	19
Less: Loss attributable to non-controlling interests
-0	-0	-0	0	-1	-0	-0	0	-0	-1	-0	0	0	0	1	1	0	1	0	1	0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	0	0
Income from continuing operations, net of tax
51	101	116	117	100	97	130	134	108	330	94	106	83	82	87	94	79	72	86	94	76	77	76	80	67	60	66	63	57	52	41	50	49	40	56	39	36	31	34	30	24	27	19
Income (loss) from discontinued operations, net of tax
0	0	0	0	0	0	0	0	0	0	0	0	-0	-	0	-1	-	-2	-0	-0	-0	-5	-2	-7	0	-1	-0	-1	0	-4	-0	-1	-3	6	-0	0	-2	-2	-4	-1	-3	-0	-5
Net income attributable to Penske Automotive Group common stockholders
51	101	116	117	100	98	130	134	108	330	94	106	82	82	87	93	79	70	86	94	75	71	74	72	67	59	65	62	57	48	41	49	46	47	55	39	33	28	29	29	20	27	14
Cash dividends per share (in dollars per share)
0.42	0.41	0.40	0.39	0.38	0.37	0.36	0.35	0.34	0.33	0.32	0.31	0.30	0.29	0.28	0.27	0.26	0.25	0.24	0.23	0.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
Retail Automotive Dealership
Total revenues
4,416	5,172	5,155	5,196	5,091	4,949	5,148	5,455	5,296	4,941	5,085	5,040	4,756	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
3,738	4,417	4,407	4,421	4,329	4,229	4,386	4,657	4,517	4,215	4,341	4,294	4,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retail Commercial Truck Dealership
Total revenues
491	599	692	426	332	358	385	338	292	308	299	228	211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
422	520	605	368	277	303	327	286	245	263	255	188	175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial Vehicle Distribution and Other
Total revenues
101	119	119	132	140	132	124	146	158	148	139	114	113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
71	86	84	98	105	98	92	106	119	111	105	82	83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-