Penske Automotive Group, Inc. (PAG)

Penske Automotive Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	943.7	918.9	1,053	1,380	1,188	543.6
Depreciation & Amortization	165.9	158	141	127.3	121.5	115.5
Asset Writedown & Restructuring Costs	-	-	40.7	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	11.4	-
Loss (Gain) on Equity Investments	-124.5	-127.9	-174.6	-183.3	-234.9	-115
Stock-Based Compensation	31.3	29.4	28.1	26.7	-	-
Other Operating Activities	19	-8.5	107.2	130.4	205.4	204.2
Change in Accounts Receivable	24.7	125.4	-194.7	-192.9	75.6	152.7
Change in Inventory	147	-196.7	-666.2	-444.4	402.6	805.4
Change in Accounts Payable	76.4	42.9	-13	81.7	139	125
Change in Other Net Operating Assets	-161.6	238.3	771.9	533.5	-616.4	-629.9
Operating Cash Flow	1,070	1,180	1,094	1,459	1,293	1,202
Operating Cash Flow Growth	3.49%	7.88%	-25.05%	12.81%	7.61%	131.74%
Capital Expenditures	-312.6	-368.7	-375.3	-282.5	-248.9	-185.9
Sale of Property, Plant & Equipment	32.8	26.2	30.7	32.3	54.9	19.8
Cash Acquisitions	-170.3	-786.2	-214.9	-393.4	-431.8	-
Divestitures	134	82.1	-	13.1	4.3	40.6
Investment in Securities	36.7	20.7	-	-	-	-
Other Investing Activities	9.6	-11.1	-12.8	-11.2	-1.6	-11
Investing Cash Flow	-269.8	-1,037	-572.3	-641.7	-623.1	-136.5
Short-Term Debt Issued	-	-	46.5	82.9	38.9	-
Long-Term Debt Issued	-	4,415	3,224	2,261	2,356	2,347
Total Debt Issued	5,513	4,415	3,270	2,344	2,395	2,347
Short-Term Debt Repaid	-	-15.4	-	-	-	-230.2
Long-Term Debt Repaid	-	-4,183	-3,228	-2,101	-2,568	-3,028
Total Debt Repaid	-5,832	-4,198	-3,228	-2,101	-2,568	-3,259
Net Debt Issued (Repaid)	-319.5	216.6	42.2	243	-173.3	-911.6
Repurchase of Common Stock	-142.6	-77.5	-382.2	-886.5	-293.5	-29.4
Common Dividends Paid	-332.4	-274.4	-189.1	-154.1	-142.5	-68.1
Other Financing Activities	-20.9	-29.4	-2	-0.4	-6.2	-44.8
Financing Cash Flow	-815.4	-164.7	-531.1	-798	-615.5	-1,054
Foreign Exchange Rate Adjustments	4	-2.1	-0.3	-13.5	-3.5	10
Net Cash Flow	-11.6	-24	-10.1	5.8	51.2	21.4
Free Cash Flow	757	811.1	718.3	1,177	1,044	1,016
Free Cash Flow Growth	16.88%	12.92%	-38.95%	12.65%	2.80%	271.72%
Free Cash Flow Margin	2.47%	2.66%	2.43%	4.23%	4.09%	4.97%
Free Cash Flow Per Share	11.39	12.13	10.57	15.81	13.10	12.61
Cash Interest Paid	268.3	271.6	214.3	112.8	95.3	168.5
Cash Income Tax Paid	278.4	317.4	288.1	343.4	160.1	17.9
Levered Free Cash Flow	780.19	166.7	-467.64	145.33	1,264	1,341
Unlevered Free Cash Flow	945.88	340.2	-326.58	222.08	1,323	1,439
Change in Working Capital	86.5	209.9	-102	-22.1	0.8	453.2

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q