Penske Automotive Group, Inc. (PAG)

Penske Automotive Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	927.8	937.9	973.4	1,114	1,386	1,193
Depreciation & Amortization	176.5	172.3	161.3	143.7	127.3	121.5
Stock-Based Compensation	30.3	30.2	29.4	28.1	26.7	-
Other Adjustments	-99.4	-106.3	-140.9	-32.1	-59.1	-23
Change in Receivables	179.9	1.6	128.1	-201.6	-192.9	75.6
Changes in Inventories	-217.2	52.1	-157.2	-725.9	-444.4	402.6
Changes in Accounts Payable	-22	-89.7	273.3	719	487.1	-628.6
Changes in Accrued Expenses	-95.5	-53	40.2	-13.5	81.7	139
Changes in Other Operating Activities	7.9	30	-77	113.3	46.4	13.5
Operating Cash Flow	899.1	975.1	1,231	1,145	1,459	1,292
Operating Cash Flow Growth	-11.40%	-20.76%	7.46%	-21.51%	12.93%	7.53%
Capital Expenditures	-310.6	-324.6	-377.8	-386	-282.5	-248.9
Sale of Property, Plant & Equipment	44	27.5	26.2	30.7	32.3	54.9
Proceeds from Sale of Investments	8	16	20.7	-	-	-
Payments for Business Acquisitions	-691.2	-21.5	-786.2	-214.9	-393.4	-431.8
Proceeds from Business Divestments	119.1	119.9	82.1	-	13.1	4.3
Other Investing Activities	9.8	7.7	-10.9	-12.8	-11.2	-0.3
Investing Cash Flow	-812.9	-175	-1,046	-583	-641.7	-623.1
Short-Term Debt Issued	6,357	5,778	4,286	3,210	2,184	1,895
Short-Term Debt Repaid	-5,212	-5,167	-4,183	-3,228	-2,101	-1,964
Net Short-Term Debt Issued (Repaid)	1,145	611.5	103	-17.6	82.9	-69.1
Long-Term Debt Issued	165.4	59.7	113.3	73.2	160.1	395.8
Long-Term Debt Repaid	-13	-554.3	-	-	-	-500
Net Long-Term Debt Issued (Repaid)	152.4	-494.6	113.3	73.2	160.1	-104.2
Repurchase of Common Stock	-168.4	-182	-77.5	-382.2	-886.5	-293.5
Net Common Stock Issued (Repurchased)	-168.4	-182	-77.5	-382.2	-886.5	-293.5
Common Dividends Paid	-354.6	-343.8	-274.4	-189.1	-154.1	-142.5
Other Financing Activities	-1.3	-416.6	-66	-56.7	-0.4	-6.2
Financing Cash Flow	-138.6	-825.5	-201.6	-572.4	-798	-615.5
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4.8	6.5	-2.1	-0.3	-13.5	-3.5
Net Cash Flow	-45.9	-18.9	-19	-10.5	5.8	51.2
Free Cash Flow	588.5	650.5	852.8	759.2	1,177	1,043
Free Cash Flow Growth	-9.53%	-23.72%	12.33%	-35.47%	12.79%	2.71%
FCF Margin	1.84%	2.05%	2.68%	2.46%	4.23%	4.08%
Free Cash Flow Per Share	8.92	9.83	12.75	11.17	15.81	13.08
Levered Free Cash Flow	1,762	839.4	1,048	1,015	1,639	813.6
Unlevered Free Cash Flow	469.79	737.62	896.72	915.1	1,125	804.27

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q