Penske Automotive Group, Inc. PAG Income Statement

Penske automotive group, inc. (PAG)

Income statement / TTM

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
22,624	23,179	22,727	22,418	22,602	22,785	22,743	22,609	22,052	21,386	20,876	20,504	20,375	20,118	20,152	19,960	19,626	19,284	18,813	18,249	17,699	17,232	16,525	15,888	15,148	14,482	13,834	13,411	13,095	12,902	12,254	11,816	11,331	10,926	10,661	10,432	10,217	9,943	10,349	9,998	0	0	0
Cost of sales:
Total cost of sales
19,243	19,723	19,330	19,038	19,200	19,370	19,328	19,224	18,740	18,164	17,735	17,441	17,357	17,151	17,195	17,018	16,725	16,417	16,000	15,518	15,044	14,652	14,065	13,504	12,860	12,281	11,701	11,348	11,087	10,927	10,377	9,980	9,544	9,193	8,964	8,778	8,602	8,358	8,682	8,355	0	0	0
Gross profit
3,380	3,455	3,397	3,380	3,402	3,414	3,415	3,385	3,312	3,222	3,141	3,063	3,017	2,966	2,956	2,941	2,901	2,867	2,813	2,731	2,655	2,579	2,460	2,383	2,288	2,201	2,132	2,062	2,008	1,975	1,876	1,836	1,787	1,732	1,696	1,654	1,614	1,585	1,667	1,642	0	0	0
Selling, general and administrative expenses
2,668	2,693	2,653	2,643	2,649	2,646	2,647	2,630	2,577	2,516	2,449	2,384	2,344	2,302	2,293	2,275	2,246	2,223	2,179	2,118	2,067	2,008	1,906	1,851	1,781	1,711	1,657	1,610	1,578	1,558	1,482	1,452	1,425	1,394	1,372	1,342	1,307	1,287	1,361	1,349	0	0	0
Depreciation
111	109	107	105	104	103	102	100	98	95	92	90	91	89	87	85	80	78	77	75	72	70	65	63	61	59	56	54	53	52	49	48	46	45	45	44	44	44	49	51	0	0	0
Operating income
600	652	636	631	647	664	665	653	636	611	599	588	581	574	575	580	575	566	556	538	515	500	487	469	445	429	418	397	376	365	344	335	314	292	278	267	263	253	255	241	0	0	0
Floor plan interest expense
80	84	86	84	83	80	76	73	68	63	58	54	51	50	49	49	47	44	45	45	45	46	46	45	44	43	40	39	38	38	35	32	29	26	28	30	31	32	34	34	0	0	0
Other interest expense
126	124	121	116	114	114	114	114	112	107	102	100	93	85	82	73	70	69	64	60	56	52	46	46	46	45	46	45	45	46	46	45	44	44	43	45	47	48	50	52	0	0	0
Debt discount amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	3	5	7	8	10	11	0	0	0
Equity in earnings of affiliates
135	147	149	147	144	134	131	120	111	107	97	92	77	69	52	38	38	39	41	43	42	40	37	35	33	30	28	26	25	27	29	30	29	25	26	24	21	20	19	15	0	0	0
Debt redemption costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	-
Income from continuing operations before income taxes
529	591	578	577	593	604	605	587	567	548	535	526	513	508	496	495	495	491	504	492	471	457	431	412	388	371	360	320	299	290	274	287	270	245	229	211	199	185	181	159	0	0	0
Income taxes
142	156	148	132	132	134	-96	-78	-69	-64	168	165	162	160	158	158	158	158	165	163	157	153	144	136	129	123	119	103	95	94	90	88	81	70	64	68	64	63	63	56	0	0	0
Income from continuing operations
387	434	430	444	461	469	701	665	637	613	367	361	350	347	338	337	337	333	338	328	314	304	287	276	258	248	240	216	203	196	184	199	188	174	164	143	134	122	118	103	0	0	0
Income (loss) from discontinued operations, net of tax
0	0	0	0	0	0	0	0	0	-0	0	0	0	-	0	0	-	-3	-6	-8	-15	-14	-10	-9	-2	-2	-5	-5	-5	-9	1	1	3	3	-5	-9	-11	-12	-10	-11	0	0	0
Net income
387	435	431	445	461	470	701	665	637	612	366	361	349	346	335	334	334	330	332	319	298	290	276	267	255	245	235	211	198	187	186	200	191	178	159	133	123	109	107	91	0	0	0
Less: Loss attributable to non-controlling interests
0	-0	-1	-1	-1	-0	-1	-1	-1	-0	1	2	3	3	4	4	4	4	4	4	3	3	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0
Net income attributable to Penske Automotive Group common stockholders
387	435	432	446	463	471	703	667	638	613	365	358	346	342	330	329	330	326	327	315	294	286	274	264	254	244	233	209	196	185	184	199	189	176	157	131	121	108	107	91	0	0	0
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
387	434	430	444	461	469	701	665	637	613	367	361	350	347	338	337	337	333	338	328	314	304	287	276	258	248	240	216	203	196	184	199	188	174	164	143	134	122	118	103	0	0	0
Less: Loss attributable to non-controlling interests
0	-0	-1	-1	-1	-0	-1	-1	-1	-0	1	2	3	3	4	4	4	4	4	4	3	3	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0
Income from continuing operations, net of tax
387	435	431	445	462	470	702	666	638	613	366	359	347	343	334	333	332	329	333	323	310	301	285	274	256	247	239	214	201	194	182	197	186	173	163	141	133	121	117	102	0	0	0
Income (loss) from discontinued operations, net of tax
0	0	0	0	0	0	0	0	0	-0	0	0	0	-	0	0	-	-3	-6	-8	-15	-14	-10	-9	-2	-2	-5	-5	-5	-9	1	1	3	3	-5	-9	-11	-12	-10	-11	0	0	0
Net income attributable to Penske Automotive Group common stockholders
387	435	432	446	463	471	703	667	638	613	365	358	346	342	330	329	330	326	327	315	294	286	274	264	254	244	233	209	196	185	184	199	189	176	157	131	121	108	107	91	0	0	0
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
19,941	20,615	20,392	20,385	20,644	20,849	20,841	20,778	20,363	19,824	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
16,985	17,576	17,388	17,366	17,602	17,790	17,777	17,731	17,369	16,899	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retail Commercial Truck Dealership
Total revenues
2,209	2,050	1,809	1,502	1,414	1,374	1,324	1,239	1,128	1,048	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
1,917	1,772	1,555	1,277	1,195	1,163	1,122	1,050	952	882	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial Vehicle Distribution and Other
Total revenues
473	513	525	530	543	561	577	591	560	514	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
340	374	386	394	402	416	428	442	418	382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-