Penske Automotive Group, Inc. (PAG)

Penske Automotive Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	918.9	1,053	1,380	1,188
Depreciation & Amortization	158	141	127.3	121.5
Asset Writedown & Restructuring Costs	-	40.7	-	-
Loss (Gain) From Sale of Investments	-	-	-	11.4
Loss (Gain) on Equity Investments	-127.9	-174.6	-183.3	-234.9
Stock-Based Compensation	29.4	28.1	26.7	-
Other Operating Activities	-8.5	107.2	130.4	205.4
Change in Accounts Receivable	125.4	-194.7	-192.9	75.6
Change in Inventory	-196.7	-666.2	-444.4	402.6
Change in Accounts Payable	42.9	-13	81.7	139
Change in Other Net Operating Assets	238.3	771.9	533.5	-616.4
Operating Cash Flow	1,180	1,094	1,459	1,293
Operating Cash Flow Growth	7.88%	-25.05%	12.81%	7.61%
Capital Expenditures	-368.7	-375.3	-282.5	-248.9
Sale of Property, Plant & Equipment	26.2	30.7	32.3	54.9
Cash Acquisitions	-786.2	-214.9	-393.4	-431.8
Divestitures	82.1	-	13.1	4.3
Investment in Securities	20.7	-	-	-
Other Investing Activities	-11.1	-12.8	-11.2	-1.6
Investing Cash Flow	-1,037	-572.3	-641.7	-623.1
Short-Term Debt Issued	-	46.5	82.9	38.9
Long-Term Debt Issued	4,415	3,224	2,261	2,356
Total Debt Issued	4,415	3,270	2,344	2,395
Short-Term Debt Repaid	-15.4	-	-	-
Long-Term Debt Repaid	-4,183	-3,228	-2,101	-2,568
Total Debt Repaid	-4,198	-3,228	-2,101	-2,568
Net Debt Issued (Repaid)	216.6	42.2	243	-173.3
Repurchase of Common Stock	-77.5	-382.2	-886.5	-293.5
Common Dividends Paid	-274.4	-189.1	-154.1	-142.5
Other Financing Activities	-29.4	-2	-0.4	-6.2
Financing Cash Flow	-164.7	-531.1	-798	-615.5
Foreign Exchange Rate Adjustments	-2.1	-0.3	-13.5	-3.5
Net Cash Flow	-24	-10.1	5.8	51.2
Free Cash Flow	811.1	718.3	1,177	1,044
Free Cash Flow Growth	12.92%	-38.95%	12.65%	2.80%
Free Cash Flow Margin	2.66%	2.43%	4.23%	4.09%
Free Cash Flow Per Share	12.13	10.57	15.81	13.10
Cash Interest Paid	271.6	214.3	112.8	95.3
Cash Income Tax Paid	317.4	288.1	343.4	160.1
Levered Free Cash Flow	166.7	-467.64	145.33	1,264
Unlevered Free Cash Flow	340.2	-326.58	222.08	1,323
Change in Working Capital	209.9	-102	-22.1	0.8

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q