PENSKE AUTOMOTIVE GROUP INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
PAG$212.79+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (In millions, except share andper share amounts) | ||
| ASSETS | ||
| Cash and cash equivalents | $96.4 | $106.5 |
| Accounts receivable, net of allowance for doubtful accounts of $6.8 and $6.6 | 1,114.6 | 906.7 |
| Inventories | 4,293.1 | 3,509.1 |
| Other current assets | 175.6 | 141.9 |
| Total current assets | 5,679.7 | 4,664.2 |
| Property and equipment, net | 2,765.2 | 2,496.5 |
| Operating lease right-of-use assets | 2,405.5 | 2,416.1 |
| Goodwill | 2,234.9 | 2,154.7 |
| Other indefinite-lived intangible assets | 748.2 | 690.9 |
| Equity method investments | 1,774.9 | 1,636.9 |
| Other long-term assets | 63.1 | 55.3 |
| Total assets | $15,671.5 | $14,114.6 |
| LIABILITIES AND EQUITY | ||
| Floor plan notes payable | $2,255.6 | $1,565.7 |
| Floor plan notes payable — non-trade | 1,515.9 | 1,430.6 |
| Accounts payable | 866.9 | 853.5 |
| Accrued expenses and other current liabilities | 809.8 | 788.1 |
| Current portion of long-term debt | 209.7 | 75.2 |
| Total current liabilities | 5,657.9 | 4,713.1 |
| Long-term debt | 1,419.5 | 1,546.9 |
| Long-term operating lease liabilities | 2,336.0 | 2,335.7 |
| Deferred tax liabilities | 1,231.7 | 1,121.0 |
| Other long-term liabilities | 270.8 | 223.1 |
| Total liabilities | 10,915.9 | 9,939.8 |
| Commitments and contingent liabilities (Note 11) | ||
| Equity | ||
| Penske Automotive Group stockholders' equity: | ||
| Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding | — | — |
| Common Stock, $0.0001 par value, 240,000,000 shares authorized; 67,111,181 shares issued and outstanding at December 31, 2023; 69,681,891 shares issued and outstanding at December 31, 2022 | — | — |
| Non-voting Common Stock, $0.0001 par value; 7,125,000 shares authorized; none issued and outstanding | — | — |
| Class C Common Stock, $0.0001 par value; 20,000,000 shares authorized; none issued and outstanding | — | — |
| Additional paid-in capital | — | — |
| Retained earnings | 4,990.3 | 4,483.3 |
| Accumulated other comprehensive income (loss) | (264.1) | (335.3) |
| Total Penske Automotive Group stockholders' equity | 4,726.2 | 4,148.0 |
| Non-controlling interest | 29.4 | 26.8 |
| Total equity | 4,755.6 | 4,174.8 |
| Total liabilities and equity | $15,671.5 | $14,114.6 |
F - 5
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