PENSKE AUTOMOTIVE GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| (In millions, except share andper share amounts) | ||
| ASSETS | ||
| Cash and cash equivalents | $64.7 | $83.6 |
| Accounts receivable, net of allowance for doubtful accounts of $6.9 and $6.7 | 1,070.3 | 1,037.2 |
| Inventories | 4,814.7 | 4,710.7 |
| Other current assets | 242.9 | 214.8 |
| Total current assets | 6,192.6 | 6,046.3 |
| Property and equipment, net | 3,224.6 | 3,037.8 |
| Operating lease right-of-use assets | 2,543.8 | 2,582.6 |
| Goodwill | 2,435.7 | 2,376.3 |
| Other indefinite-lived intangible assets | 1,164.2 | 1,140.7 |
| Equity method investments | 1,923.7 | 1,827.0 |
| Other long-term assets | 113.1 | 110.2 |
| Total assets | $17,597.7 | $17,120.9 |
| LIABILITIES AND EQUITY | ||
| Floor plan notes payable | $2,532.8 | $2,570.5 |
| Floor plan notes payable — non-trade | 1,561.5 | 1,512.4 |
| Accounts payable | 899.8 | 859.1 |
| Accrued expenses and other current liabilities | 930.0 | 917.4 |
| Current portion of long-term debt | 355.0 | 721.2 |
| Total current liabilities | 6,279.1 | 6,580.6 |
| Long-term debt | 1,810.5 | 1,130.8 |
| Long-term operating lease liabilities | 2,461.5 | 2,504.5 |
| Deferred tax liabilities | 1,200.4 | 1,231.0 |
| Other long-term liabilities | 265.3 | 255.5 |
| Total liabilities | 12,016.8 | 11,702.4 |
| 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; 65,760,464 shares issued and outstanding at December 31, 2025; 66,774,651 shares issued and outstanding at December 31, 2024 | — | — |
| 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 | 5,750.1 | 5,756.4 |
| Accumulated other comprehensive loss | (187.7) | (364.5) |
| Total Penske Automotive Group stockholders' equity | 5,562.4 | 5,401.0 |
| Non-controlling interest | 18.5 | 17.5 |
| Total equity | 5,580.9 | 5,418.5 |
| Total liabilities and equity | $17,597.7 | $17,120.9 |
F - 5
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