PENSKE AUTOMOTIVE GROUP INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
PAG$213.44+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In millions, except share andper share amounts) | ||
| ASSETS | ||
| Cash and cash equivalents | $72.4 | $96.4 |
| Accounts receivable, net of allowance for doubtful accounts of $6.3 and $6.8 | 1,002.1 | 1,114.6 |
| Inventories | 4,640.2 | 4,293.1 |
| Other current assets | 213.1 | 175.6 |
| Total current assets | 5,927.8 | 5,679.7 |
| Property and equipment, net | 3,006.2 | 2,765.2 |
| Operating lease right-of-use assets | 2,467.2 | 2,405.5 |
| Goodwill | 2,371.3 | 2,234.9 |
| Other indefinite-lived intangible assets | 1,011.6 | 748.2 |
| Equity method investments | 1,827.0 | 1,774.9 |
| Other long-term assets | 109.8 | 63.1 |
| Total assets | $16,720.9 | $15,671.5 |
| LIABILITIES AND EQUITY | ||
| Floor plan notes payable | $2,535.8 | $2,255.6 |
| Floor plan notes payable — non-trade | 1,488.2 | 1,515.9 |
| Accounts payable | 851.7 | 866.9 |
| Accrued expenses and other current liabilities | 889.0 | 809.8 |
| Current portion of long-term debt | 721.2 | 209.7 |
| Total current liabilities | 6,485.9 | 5,657.9 |
| Long-term debt | 1,130.8 | 1,419.5 |
| Long-term operating lease liabilities | 2,392.6 | 2,336.0 |
| Deferred tax liabilities | 1,231.0 | 1,231.7 |
| Other long-term liabilities | 253.3 | 270.8 |
| Total liabilities | 11,493.6 | 10,915.9 |
| 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; 66,774,651 shares issued and outstanding at December 31, 2024; 67,111,181 shares issued and outstanding at December 31, 2023 | — | — |
| 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 | 9.1 | — |
| Retained earnings | 5,565.2 | 4,990.3 |
| Accumulated other comprehensive loss | (364.5) | (264.1) |
| Total Penske Automotive Group stockholders' equity | 5,209.8 | 4,726.2 |
| Non-controlling interest | 17.5 | 29.4 |
| Total equity | 5,227.3 | 4,755.6 |
| Total liabilities and equity | $16,720.9 | $15,671.5 |
F - 5
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