Penske Automotive Group, Inc. (PAG)
NYSE: PAG · Real-Time Price · USD
217.24
-2.52 (-1.15%)
At close: Aug 26, 2026, 4:00 PM EDT
217.24
0.00 (0.00%)
After-hours: Aug 26, 2026, 4:10 PM EDT
Penske Automotive Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 906 | 935.4 | 968.9 | 1,109 | 1,380 | 1,188 |
Depreciation & Amortization | 178.8 | 172.3 | 161.3 | 143.7 | 127.3 | 121.5 |
Loss (Gain) From Sale of Assets | -90.9 | -52.3 | - | - | - | - |
Asset Writedown & Restructuring Costs | - | - | - | 40.7 | - | - |
Loss (Gain) From Sale of Investments | - | - | - | - | - | 11.4 |
Loss (Gain) on Equity Investments | -127.6 | -120.2 | -127.9 | -174.6 | -183.3 | -234.9 |
Stock-Based Compensation | 29.1 | 30.2 | 29.4 | 28.1 | 26.7 | - |
Other Operating Activities | 119.7 | 68.7 | -8.5 | 107.2 | 130.4 | 205.4 |
Change in Accounts Receivable | 19.5 | 1.6 | 128.1 | -201.6 | -192.9 | 75.6 |
Change in Inventory | -266 | 52.1 | -157.2 | -725.9 | -444.4 | 402.6 |
Change in Accounts Payable | 0.5 | -53 | 40.2 | -13.5 | 81.7 | 139 |
Change in Other Net Operating Assets | 124.9 | -59.7 | 196.3 | 832.3 | 533.5 | -616.4 |
Operating Cash Flow | 894 | 975.1 | 1,231 | 1,145 | 1,459 | 1,293 |
Operating Cash Flow Growth | -14.01% | -20.76% | 7.46% | -21.51% | 12.81% | 7.61% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -301.9 | -324.6 | -377.8 | -386 | -282.5 | -248.9 |
Sale of Property, Plant & Equipment | 31.2 | 27.5 | 26.2 | 30.7 | 32.3 | 54.9 |
Cash Acquisitions | -691.2 | -21.5 | -786.2 | -214.9 | -393.4 | -431.8 |
Divestitures | 191.4 | 119.9 | 82.1 | - | 13.1 | 4.3 |
Investment in Securities | - | 16 | 20.7 | - | - | - |
Other Investing Activities | 9.5 | 7.7 | -10.9 | -12.8 | -11.2 | -1.6 |
Investing Cash Flow | -761 | -175 | -1,046 | -583 | -641.7 | -623.1 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | 59.9 | 82.9 | 38.9 |
Long-Term Debt Issued | - | 5,843 | 4,415 | 3,224 | 2,261 | 2,356 |
Total Debt Issued | 6,218 | 5,843 | 4,415 | 3,283 | 2,344 | 2,395 |
Short-Term Debt Repaid | - | -9 | -15.7 | - | - | - |
Long-Term Debt Repaid | - | -5,717 | -4,183 | -3,228 | -2,101 | -2,568 |
Total Debt Repaid | -5,586 | -5,726 | -4,198 | -3,228 | -2,101 | -2,568 |
Net Debt Issued (Repaid) | 632 | 116.9 | 216.3 | 55.6 | 243 | -173.3 |
Repurchase of Common Stock | -91.2 | -182 | -77.5 | -382.2 | -886.5 | -293.5 |
Common Dividends Paid | -397 | -396.3 | -311 | -243.8 | -154.1 | -142.5 |
Other Financing Activities | -365.8 | -364.1 | -29.4 | -2 | -0.4 | -6.2 |
Financing Cash Flow | -222 | -825.5 | -201.6 | -572.4 | -798 | -615.5 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -0.7 | 6.5 | -2.1 | -0.3 | -13.5 | -3.5 |
Net Cash Flow | -89.7 | -18.9 | -19 | -10.5 | 5.8 | 51.2 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 592.1 | 650.5 | 852.8 | 759.2 | 1,177 | 1,044 |
Free Cash Flow Growth | -16.13% | -23.72% | 12.33% | -35.47% | 12.65% | 2.80% |
Free Cash Flow Margin | 1.84% | 2.04% | 2.68% | 2.46% | 4.23% | 4.09% |
Free Cash Flow Per Share | 8.99 | 9.83 | 12.75 | 11.17 | 15.81 | 13.10 |
Levered Free Cash Flow | 218.1 | 303.19 | 215.18 | -440.89 | 145.33 | 1,264 |
Unlevered Free Cash Flow | 387.1 | 467.06 | 390.74 | -298.45 | 222.08 | 1,323 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 281 | 274.2 | 275.1 | 216.2 | 112.8 | 95.3 |
Cash Income Tax Paid | 247.4 | 271.5 | 317.4 | 288.1 | 343.4 | 160.1 |
Change in Working Capital | -121.1 | -59 | 207.4 | -108.7 | -22.1 | 0.8 |