Penske Automotive Group
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Penske Automotive Group generated cash of $1,093,600,000, which is less than the previous year. Cash used in financing activities reached the amount of -$531,100,000 last year. Net change in cash is therefore -$10,100,000.
Cash Flow
| 2014 | 366.6M | -532.6M | 153.3M |
|---|---|---|---|
| 2015 | 386M | -222.1M | -136.4M |
| 2016 | 367.1M | -835M | 438.6M |
| 2017 | 623.5M | -926.3M | 322.4M |
| 2018 | 614.7M | -525.2M | -94.3M |
| 2019 | 518.6M | -532.7M | 2.6M |
| 2020 | 1.20B | -136.5M | -1.05B |
| 2021 | 1.29B | -623.1M | -615.5M |
| 2022 | 1.45B | -641.7M | -798M |
| 2023 | 1.09B | -572.3M | -531.1M |
PAG Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 106.5M | 100.7M | 49.5M | 28.1M | 39.4M | 45.7M | 24M | 62.4M | 36.3M | 50.3M |
Operating activities | ||||||||||
Net income | 1.05B | 1.38B | 1.19B | 545.3M | 435.1M | 470.3M | 612.8M | 346.4M | 330.4M | 290.1M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 141M | 127.3M | 121.5M | 115.5M | 109.6M | 103.7M | 95.1M | 89.7M | 78M | 70M |
Stock-based compensation expense | 0 | 25.5M | 23.1M | 20.4M | 17.8M | 16.8M | 16M | 14.8M | 14.1M | 12.8M |
| Deferred income tax benefit | 0 | 25.5M | 23.1M | 20.4M | 17.8M | 16.8M | 16M | 14.8M | 14.1M | 12.8M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -194.7M | -192.9M | 75.6M | 152.7M | -30.9M | 30.4M | -73.1M | -92.5M | -23.5M | -37.9M |
Inventories | -666.2M | -444.4M | 402.6M | 805.4M | -117.8M | -12.6M | -419.9M | 130.4M | -428.4M | -115.5M |
Accounts payable | -13M | 81.7M | 139M | 125M | 71.4M | -17.1M | 272M | -17.8M | 66M | 14.6M |
Cash generated by operating activities | 1.09B | 1.45B | 1.29B | 1.20B | 518.6M | 614.7M | 623.5M | 367.1M | 386M | 366.6M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | -239.1M | -498.5M | 0 | 0 |
Investments In Property Plant And Equipment | -375.3M | -282.5M | -248.9M | -185.9M | -245.3M | -305.6M | -247M | -203.1M | -199.5M | -174.8M |
Acquisitions Net | -184.2M | -393.4M | -431.8M | 19.8M | -326.9M | -309.1M | -449.7M | -140.8M | -156.9M | -355M |
Cash generated by investing activities | -572.3M | -641.7M | -623.1M | -136.5M | -532.7M | -525.2M | -926.3M | -835M | -222.1M | -532.6M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 2.39B | 2.34B | 0 | 1.65B | 0 | 2.07B | 0 | 1.58B |
Payments for dividends | -189.1M | -154.1M | -142.5M | -68.1M | -130.8M | -121.2M | -108.4M | -95.1M | -84.8M | -70.5M |
Repurchases of common stock | -358.7M | -869.3M | -280.6M | -29.4M | -169.2M | -68.9M | -18.5M | -173.6M | -48.9M | -15.5M |
Repayments of term debt | -4.3M | 243M | -2.46B | -3.25B | 192.5M | -1.78B | 417.3M | -1.39B | 92.1M | -1.37B |
Cash used in financing activities | -531.1M | -798M | -615.5M | -1.05B | 2.6M | -94.3M | 322.4M | 438.6M | -136.4M | 153.3M |
Net Change In Cash | -10.1M | 5.8M | 51.2M | 21.4M | -11.3M | -6.3M | 21.7M | -38.4M | 26.1M | -14M |
Cash at end of period | 96.4M | 106.5M | 100.7M | 49.5M | 28.1M | 39.4M | 45.7M | 24M | 62.4M | 36.3M |
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