Penske Automotive Group, Inc. (PAG) FY2026 Q2 Statement of Cash Flows
2026-04-01 to 2026-06-30
Statement of Cash Flows
2026-04-01 to 2026-06-30
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Chart details
Penske Automotive Group, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026
Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Mar 31, 2026
- 83,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 204,100,000 US dollars. Net cash provided.
- Net income
- 261,200,000 US dollars
- Depreciation
- 45,400,000 US dollars
- Earnings of equity method investments, net of distributions
- negative 36,800,000 US dollars
- Deferred income taxes
- 8,200,000 US dollars
- Stock-based compensation
- 7,700,000 US dollars
- Gain on sale of dealerships
- negative 30,500,000 US dollars
- Accounts receivable
- 21,400,000 US dollars
- Inventories
- negative 260,300,000 US dollars
- Other current assets
- negative 10,600,000 US dollars
- Floor plan notes payable
- 212,100,000 US dollars
- Accounts payable and accrued expenses
- negative 53,400,000 US dollars
- Other
- 39,700,000 US dollars
- Investing activities
- 3,300,000 US dollars. Net cash provided.
- Purchases of property, equipment, and improvements
- negative 72,300,000 US dollars
- Proceeds from sale of dealerships
- 73,700,000 US dollars
- Proceeds from sale of property and equipment
- 3,700,000 US dollars
- Proceeds from sale of equity method investment
- 0 US dollars
- Acquisitions net, including repayment of sellers' floor plan notes payable of $15.0 and $0.0, respectively
- 0 US dollars
- Other
- negative 1,800,000 US dollars
- Financing activities
- negative 221,200,000 US dollars. Net cash used.
- Proceeds from borrowings under revolving U.S. credit agreement and mortgage facilities
- 949,500,000 US dollars
- Repayments under revolving U.S. credit agreement and mortgage facilities
- negative 1,025,700,000 US dollars
- Net cash borrowings (repayments) of other debt
- negative 49,900,000 US dollars
- Repayments of related party promissory note
- negative 13,000,000 US dollars
- Net borrowings of floor plan notes payable — non-trade
- 28,800,000 US dollars
- Repurchases of common stock
- 0 US dollars
- Payments of tax withholding for stock-based compensation
- negative 16,100,000 US dollars
- Dividends
- negative 93,600,000 US dollars
- PMG distributions to partners
- 0 US dollars
- Payment of debt issuance costs
- negative 100,000 US dollars
- Other
- negative 1,100,000 US dollars
- Operating adjustment reconciliation
- 391,600,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,199,500,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 77,400,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 400,000 US dollars
- Ending cash on Jun 30, 2026
- 69,500,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 291,100,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 14,200,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.78×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 204,100,000 US dollars. Operating cash flow used in the free cash flow calculation.
- cash spent on productive assets
- 72,300,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 131,800,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $204.10M of net income directly to operating cash and $57.10M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash spent on productive assets equals free cash flow: 204,100,000 US dollars minus 72,300,000 US dollars equals 131,800,000 US dollars.
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