Penske Automotive     Print Page | Close Window

SEC Filings

10-Q
PENSKE AUTOMOTIVE GROUP, INC. filed this Form 10-Q on 10/26/2017
Entire Document
 

11. Accumulated Other Comprehensive Income/(Loss)

 

Changes in accumulated other comprehensive income/(loss) by component and the reclassifications out of accumulated other comprehensive income/(loss) during the three and nine months ended September 30, 2017 and 2016, respectively, attributable to Penske Automotive Group common stockholders follows:

 

Three Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign 

    

 

 

    

 

 

 

 

 

Currency

 

 

 

 

 

 

 

 

    

Translation

 

Other

 

Total

 

Balance at June 30, 2017

 

$

(169.7)

 

$

(16.5)

 

$

(186.2)

 

Other comprehensive income (loss) before reclassifications

 

 

31.0

 

 

3.6

 

 

34.6

 

Amounts reclassified from accumulated other comprehensive income — net of tax

 

 

 —

 

 

 —

 

 

 —

 

Net current period other comprehensive income (loss)

 

 

31.0

 

 

3.6

 

 

34.6

 

Balance at September 30, 2017

 

$

(138.7)

 

$

(12.9)

 

$

(151.6)

 

 

Three Months Ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign 

    

 

 

    

 

 

 

 

 

Currency

 

 

 

 

 

 

 

 

    

Translation

 

Other

 

Total

 

Balance at June 30, 2016

 

$

(170.1)

 

$

(7.5)

 

$

(177.6)

 

Other comprehensive income (loss) before reclassifications

 

 

(9.9)

 

 

(1.2)

 

 

(11.1)

 

Amounts reclassified from accumulated other comprehensive income — net of tax

 

 

 —

 

 

 —

 

 

 —

 

Net current period other comprehensive income (loss)

 

 

(9.9)

 

 

(1.2)

 

 

(11.1)

 

Balance at September 30, 2016

 

$

(180.0)

 

$

(8.7)

 

$

(188.7)

 

 

Nine Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

    

Foreign 

    

 

 

    

 

 

 

 

 

Currency

 

 

 

 

 

 

 

 

 

Translation

 

Other

 

Total

 

Balance at December 31, 2016

 

$

(230.0)

 

$

(20.7)

 

$

(250.7)

 

Other comprehensive income (loss) before reclassifications

 

 

91.3

 

 

7.8

 

 

99.1

 

Amounts reclassified from accumulated other comprehensive income — net of tax

 

 

 —

 

 

 —

 

 

 —

 

Net current period other comprehensive income (loss)

 

 

91.3

 

 

7.8

 

 

99.1

 

Balance at September 30, 2017

 

$

(138.7)

 

$

(12.9)

 

$

(151.6)

 

 

Nine Months Ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign 

    

 

 

    

 

 

 

 

 

Currency

 

 

 

 

 

 

 

 

 

Translation

 

Other

 

Total

 

Balance at December 31, 2015

 

$

(113.5)

 

$

(9.0)

 

$

(122.5)

 

Other comprehensive income (loss) before reclassifications

 

 

(66.5)

 

 

0.3

 

 

(66.2)

 

Amounts reclassified from accumulated other comprehensive income — net of tax

 

 

 —

 

 

 —

 

 

 —

 

Net current period other comprehensive income (loss)

 

 

(66.5)

 

 

0.3

 

 

(66.2)

 

Balance at September 30, 2016

 

$

(180.0)

 

$

(8.7)

 

$

(188.7)

 

 

 

 

 

21