What does other — goodwill impairment charges mean?

A non-cash accounting charge reflecting a decrease in the value of acquired business assets.

How do you interpret other — goodwill impairment charges?

An impairment charge is a negative signal indicating that the segment's assets are worth less than previously estimated, often due to market downturns or poor performance.

How does other — goodwill impairment charges compare across companies?

Standard accounting requirement (ASC 350); peers report this as 'Goodwill impairment' in the income statement.

Penske Automotive Group PAG Other — Goodwill impairment charges

Discontinued — last reported Q4 '23

Similar metrics at other companies

PFG

PFGCOther — Goodwill Impairment

$325K—

CNCOther — Goodwill impairment

$81.25M—

SPXCOther — Goodwill, Impairment Loss

$0—

MOHOther — Goodwill, Impairment Loss

$0—

CCKOther segments — Goodwill impairment

$6.25M—

MOHAll Other Segments — Goodwill Impairment

$0—

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

See full

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:GoodwillImpairmentLoss.

The official record: Penske Automotive Group’s 10-K, filed February 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Penske Automotive Group's other — goodwill impairment charges?: Penske Automotive Group (PAG) reported other — goodwill impairment charges of $0 in Q4 2023.
What does other — goodwill impairment charges mean?: A non-cash accounting charge reflecting a decrease in the value of acquired business assets.
How do you interpret other — goodwill impairment charges?: An impairment charge is a negative signal indicating that the segment's assets are worth less than previously estimated, often due to market downturns or poor performance.
How does other — goodwill impairment charges compare across companies?: Standard accounting requirement (ASC 350); peers report this as 'Goodwill impairment' in the income statement.