How do you interpret operating segments — payments to acquire productive assets?

Higher payments indicate growth-oriented investment, while consistently low payments might suggest underinvestment in the business.

How does operating segments — payments to acquire productive assets compare across companies?

Comparable to capital expenditure (CapEx) reporting across all asset-heavy industries.

Penske Automotive Group PAG Operating Segments — Payments To Acquire Productive Assets

Discontinued — last reported Q4 '17

Similar metrics at other companies

ROperating Segments — Payments To Acquire Productive Assets

$459.35M-2.3%

CRSOperating Segments — Payments To Acquire Productive Assets

$18M+56.5%

CPRTOperating Segments — Payments To Acquire Productive Assets

$77.7M+83.7%

EXPDOperating Segments — Payments To Acquire Productive Assets

$13.8M+8.1%

HUBBOperating Segments — Payments To Acquire Productive Assets

$19.25M+16.5%

BROperating Segments — Payments To Acquire Productive Assets

$11.2M-3.7%

Other financials

Income statement

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Revenue$7.9B-1.1%

Gross profit$1.3B-1.7%

Operating income$289.0M-12.3%

Net income$234.5M-9.0%

EPS (diluted)$3.56-7.8%

Balance sheet

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Cash & equivalents$83.7M-32.1%

Total debt$5.2B+22.5%

Total equity$5.7B+5.0%

Total assets$18.3B+8.2%

Cash flow

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Operating cash flow$215.0M-26.1%

CapEx$62.6M-26.1%

Free cash flow$152.4M-26.1%

Valuation

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Market cap$11.52B+2.3%

Enterprise value$16.62B+8.8%

P/E12.6×+1.4×

P/S0.4×0.0×

Profitability

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Gross margin18.3%+0.1pp

Operating margin4%-0.3pp

Net margin2.9%-0.2pp

FCF margin1.9%-0.3pp

Returns & leverage

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Return on equity16.5%-3.1pp

Debt / equity0.9×+0.1×

Current ratio1×+0.1×

Where this comes from

Reported directly by Penske Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Penske Automotive Group’s 10-K, filed February 22, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — payments to acquire productive assets mean?: Cash spent by a segment to acquire long-term assets like buildings or equipment.
How do you interpret operating segments — payments to acquire productive assets?: Higher payments indicate growth-oriented investment, while consistently low payments might suggest underinvestment in the business.
How does operating segments — payments to acquire productive assets compare across companies?: Comparable to capital expenditure (CapEx) reporting across all asset-heavy industries.