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Condensed Consolidating Financial Information (Details 3) (USD $) In Thousands, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2013 | Mar. 31, 2012
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |  |
Net cash from continuing operating activities | $ 103,075 | $ 125,206
Investing Activities: |  |
Purchase of equipment and improvements | (68,398) | (26,173)
Dealership acquisitions, net | (27,180) | (108,106)
Other | 5,744 |
Net cash from continuing investing activities | (89,834) | (134,279)
Financing Activities: |  |
Net borrowings (repayments) of long-term debt | (39,589) | 9,766
Net borrowings (repayments) of floor plan notes payable - non-trade | 33,477 | (367)
Repurchases of common stock | (12,680) | (8,522)
Dividends | (12,656) | (8,973)
Net cash from continuing financing activities | (31,448) | (8,096)
Net cash from discontinued operations | 6,081 | 21,105
Net change in cash and cash equivalents | (12,126) | 3,936
Cash and cash equivalents, beginning of period | 43,753 | 27,201
Cash and cash equivalents, end of period | 31,627 | 31,137
Penske Automotive Group |  |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |  |
Net cash from continuing operating activities | 68,356 | 44,856
Investing Activities: |  |
Purchase of equipment and improvements | (257) | (518)
Net cash from continuing investing activities | (257) | (518)
Financing Activities: |  |
Net borrowings (repayments) of long-term debt | (39,999) | (25,000)
Net borrowings (repayments) of floor plan notes payable - non-trade | (2,764) | (1,843)
Repurchases of common stock | (12,680) | (8,522)
Dividends | (12,656) | (8,973)
Net cash from continuing financing activities | (68,099) | (44,338)
Guarantor Subsidiaries |  |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |  |
Net cash from continuing operating activities | 28,962 | 8,860
Investing Activities: |  |
Purchase of equipment and improvements | (58,038) | (17,720)
Dealership acquisitions, net | (27,180) |
Net cash from continuing investing activities | (85,218) | (17,720)
Financing Activities: |  |
Net borrowings (repayments) of long-term debt | 52,192 | (963)
Net borrowings (repayments) of floor plan notes payable - non-trade | (17,034) | (17,591)
Distributions from (to) parent | 415 | 636
Net cash from continuing financing activities | 35,573 | (17,918)
Net cash from discontinued operations | 3,002 | 9,994
Net change in cash and cash equivalents | (17,681) | (16,784)
Cash and cash equivalents, beginning of period | 36,783 | 27,201
Cash and cash equivalents, end of period | 19,102 | 10,417
Non-Guarantor Subsidiaries |  |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |  |
Net cash from continuing operating activities | 5,757 | 71,490
Investing Activities: |  |
Purchase of equipment and improvements | (10,103) | (7,935)
Dealership acquisitions, net |  | (108,106)
Other | 5,744 |
Net cash from continuing investing activities | (4,359) | (116,041)
Financing Activities: |  |
Net borrowings (repayments) of long-term debt | (51,782) | 35,729
Net borrowings (repayments) of floor plan notes payable - non-trade | 53,275 | 19,067
Distributions from (to) parent | (415) | (636)
Net cash from continuing financing activities | 1,078 | 54,160
Net cash from discontinued operations | 3,079 | 11,111
Net change in cash and cash equivalents | 5,555 | 20,720
Cash and cash equivalents, beginning of period | 6,970 |
Cash and cash equivalents, end of period | $ 12,525 | $ 20,720

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