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SEC Filings

10-K
PENSKE AUTOMOTIVE GROUP, INC. filed this Form 10-K on 02/24/2017
Entire Document
 

PENSKE AUTOMOTIVE GROUP, INC.

 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

(In millions)

 

Net income

 

$

346.4

    

$

330.4

    

$

290.1

 

Other comprehensive income:

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

 

(117.3)

 

 

(62.9)

 

 

(64.4)

 

Unrealized gain (loss) on interest rate swaps:

 

 

 

 

 

 

 

 

 

 

Unrealized loss arising during the period, net of tax benefit of $0.0,  $0.0 and $0.1, respectively

 

 

 —

 

 

 —

 

 

(0.2)

 

Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.0,  $0.0 and $3.2, respectively

 

 

 —

 

 

 —

 

 

4.9

 

Unrealized gain (loss) on interest rate swaps, net of tax

 

 

 —

 

 

 —

 

 

4.7

 

Other adjustments to comprehensive income, net

 

 

(11.7)

 

 

(7.4)

 

 

(6.5)

 

Other comprehensive income (loss), net of tax

 

 

(129.0)

 

 

(70.3)

 

 

(66.2)

 

Comprehensive income

 

 

217.4

 

 

260.1

 

 

223.9

 

Less: Comprehensive income attributable to non-controlling interests

 

 

2.7

 

 

3.2

 

 

2.1

 

Comprehensive income attributable to Penske Automotive Group common stockholders

 

$

214.7

 

$

256.9

 

$

221.8

 

 

See Notes to Consolidated Financial Statements.

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