Penske Automotive Group, Inc.
PAG Consumer Cyclical Auto & Truck Dealerships
In the quarter to June 2026, revenue grew 5.98%, EPS grew 4.76%, free cash flow fell 11.3% and total debt rose 40.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
24.00 | 45.70 | 39.40 | 28.10 | 49.50 | 100.70 | 106.50 | 96.40 | 83.60 | 64.70 |
Receivables |
879.00 | 954.90 | 929.10 | 960.30 | 806.90 | 734.00 | 906.70 | 1,114.60 | 1,037.20 | 1,070.30 |
Inventory |
3,408.20 | 3,944.10 | 4,040.10 | 4,260.70 | 3,425.60 | 3,129.00 | 3,509.10 | 4,293.10 | 4,710.70 | 4,814.70 |
Other current assets |
73.90 | 81.80 | 86.60 | 85.00 | 126.80 | 111.70 | 141.90 | 175.60 | 214.80 | 242.90 |
Total current assets |
4,393.50 | 5,026.50 | 5,095.20 | 5,334.10 | 4,408.80 | 4,075.40 | 4,664.20 | 5,679.70 | 6,046.30 | 6,192.60 |
Property, Plant, Equpment (Net) |
1,806.50 | 2,108.60 | 2,250.00 | 2,366.40 | 2,404.40 | 2,442.20 | 2,496.50 | 2,765.20 | 3,037.80 | 3,224.60 |
Long-Term Investments |
893.40 | 1,256.60 | 1,305.20 | 1,399.00 | 1,500.30 | 1,688.10 | 1,636.90 | 1,774.90 | 1,827.00 | 1,923.70 |
Goodwill and Intangible Assets (Total) |
1,711.30 | 2,134.50 | 2,238.20 | 2,463.20 | 2,491.80 | 2,765.60 | 2,845.60 | 2,983.10 | 3,517.00 | 3,599.90 |
Long-term assets (Other) |
28.30 | 14.40 | 15.90 | 19.50 | 25.40 | 41.90 | 55.30 | 63.10 | 110.20 | 113.10 |
Total non-current assets |
4,439.50 | 5,514.10 | 5,809.30 | 8,608.60 | 8,838.40 | 9,389.20 | 9,450.40 | 9,991.80 | 11,074.60 | 11,405.10 |
Total Assets |
8,833.00 | 10,540.60 | 10,904.50 | 13,942.70 | 13,247.20 | 13,464.60 | 14,114.60 | 15,671.50 | 17,120.90 | 17,597.70 |
Notes Payable |
3,317.80 | 3,761.80 | 3,790.80 | 4,006.50 | 3,144.30 | 2,554.70 | 2,996.30 | 3,771.50 | 4,082.90 | 4,094.30 |
Accounts Payable |
497.40 | 641.60 | 598.20 | 638.80 | 675.40 | 767.10 | 853.50 | 866.90 | 859.10 | 899.80 |
Accrued Expenses |
360.00 | 523.50 | 566.60 | 701.90 | 767.20 | 870.30 | 788.10 | 809.80 | 917.40 | 930.00 |
Current Part of Debt |
48.30 | 72.80 | 92.00 | 103.30 | 87.50 | 82.00 | 75.20 | 209.70 | 721.20 | 355.00 |
Total current liabilities |
4,229.60 | 5,000.40 | 5,048.30 | 5,451.00 | 4,674.90 | 4,274.60 | 4,713.10 | 5,657.90 | 6,580.60 | 6,279.10 |
Long Term Debt (Total) |
1,828.80 | 2,090.40 | 2,124.70 | 2,257.00 | 1,602.10 | 1,392.00 | 1,546.90 | 1,419.50 | 1,130.80 | 1,810.50 |
Long Term Tax Liability (Deferred) |
564.60 | 481.50 | 577.80 | 677.90 | 873.10 | 1,060.40 | 1,121.00 | 1,231.70 | 1,231.00 | 1,200.40 |
Non-current Liabilities (Other) |
430.50 | 540.30 | 519.00 | 444.00 | 420.70 | 269.00 | 223.10 | 270.80 | 255.50 | 265.30 |
Total non-current liabilities |
2,823.90 | 3,112.20 | 3,221.50 | 5,680.10 | 5,246.20 | 5,095.00 | 5,226.70 | 5,258.00 | 5,121.80 | 5,737.70 |
Total liabilities |
7,053.50 | 8,112.60 | 8,269.80 | 11,131.10 | 9,921.10 | 9,369.60 | 9,939.80 | 10,915.90 | 11,702.40 | 12,016.80 |
Additional Paid In Capital |
497.10 | 532.30 | 477.80 | 320.40 | 311.80 | 42.20 | — | — | 9.10 | — |
Common Stock (Net) |
— | — | — | — | — | — | — | — | 0.00 | 0.00 |
Retained Earnings |
1,504.50 | 2,009.40 | 2,365.80 | 2,675.80 | 3,151.30 | 4,196.60 | 4,483.30 | 4,990.30 | 5,756.40 | 5,750.10 |
Common Equity (Total) |
1,779.50 | 2,428.00 | 2,634.70 | 2,811.60 | 3,326.10 | 4,095.00 | 4,174.80 | 4,755.60 | 5,418.50 | 5,580.90 |
Shareholders Equity (Total) |
1,779.50 | 2,428.00 | 2,634.70 | 2,811.60 | 3,326.10 | 4,095.00 | 4,174.80 | 4,755.60 | 5,418.50 | 5,580.90 |
Shareholders Equity and Liabilities (Total) |
8,833.00 | 10,540.60 | 10,904.50 | 13,942.70 | 13,247.20 | 13,464.60 | 14,114.60 | 15,671.50 | 17,120.90 | 17,597.70 |
Shares (Common) |
85.21 | 85.79 | 84.55 | 81.09 | 80.39 | 77.57 | 69.68 | 67.11 | 66.78 | 65.76 |
Shareholders Equity (Tangible) |
68.20 | 293.50 | 396.50 | 348.40 | 834.30 | 1,329.40 | 1,329.20 | 1,772.50 | 1,901.50 | 1,981.00 |
Net Debt |
1,853.10 | 2,117.50 | 2,177.30 | 2,332.20 | 1,640.10 | 1,373.30 | 1,515.60 | 1,532.80 | 1,768.40 | 2,100.80 |
Total Debt |
1,877.10 | 2,163.20 | 2,216.70 | 2,360.30 | 1,689.60 | 1,474.00 | 1,622.10 | 1,629.20 | 1,852.00 | 2,165.50 |