XML 58 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Financial Information (Details 3) (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Condensed consolidating statement of cash flows    
Net cash from continuing operating activities $ 132.5 $ 97.9
Investing activities:    
Purchase of equipment and improvements (34.5) (32.8)
Purchase of car rental vehicles (28.5) (35.9)
Acquisitions, net (81.8) (27.2)
Other 8.3 5.7
Net cash from continuing investing activities (136.5) (90.2)
Financing activities:    
Net borrowings (repayments) of long-term debt (12.0) (39.5)
Net borrowings (repayments) of floor plan notes payable - non-trade 7.1 41.7
Repurchases of common stock   (12.7)
Dividends (16.2) (12.6)
Net cash from continuing financing activities (21.1) (23.1)
Net cash from discontinued operations 30.2 3.6
Net change in cash and cash equivalents 5.1 (11.8)
Cash and cash equivalents, beginning of period 49.8 43.8
Cash and cash equivalents, end of period 54.9 32.0
Reportable legal entities | Penske Automotive Group
    
Condensed consolidating statement of cash flows    
Net cash from continuing operating activities 9.7 68.4
Investing activities:    
Purchase of equipment and improvements (0.3) (0.3)
Net cash from continuing investing activities (0.3) (0.3)
Financing activities:    
Net borrowings (repayments) of long-term debt 10.0 (40.0)
Net borrowings (repayments) of floor plan notes payable - non-trade (3.2) (2.8)
Repurchases of common stock   (12.7)
Dividends (16.2) (12.6)
Net cash from continuing financing activities (9.4) (68.1)
Net change in cash and cash equivalents   0
Cash and cash equivalents, end of period   0
Reportable legal entities | Guarantor Subsidiaries
    
Condensed consolidating statement of cash flows    
Net cash from continuing operating activities 112.2 26.6
Investing activities:    
Purchase of equipment and improvements (22.7) (21.6)
Purchase of car rental vehicles (28.5) (35.9)
Acquisitions, net (80.0) (27.2)
Other 8.3  
Net cash from continuing investing activities (122.9) (84.7)
Financing activities:    
Net borrowings (repayments) of long-term debt 9.0 52.3
Net borrowings (repayments) of floor plan notes payable - non-trade (29.1) (12.7)
Distributions from (to) parent 0.5 0.4
Net cash from continuing financing activities (19.6) 40.0
Net cash from discontinued operations 25.4 0.4
Net change in cash and cash equivalents (4.9) (17.7)
Cash and cash equivalents, beginning of period 12.6 34.7
Cash and cash equivalents, end of period 7.7 17.0
Reportable legal entities | Non-Guarantor Subsidiaries
    
Condensed consolidating statement of cash flows    
Net cash from continuing operating activities 10.6 2.9
Investing activities:    
Purchase of equipment and improvements (11.5) (10.9)
Acquisitions, net (1.8)  
Other   5.7
Net cash from continuing investing activities (13.3) (5.2)
Financing activities:    
Net borrowings (repayments) of long-term debt (31.0) (51.8)
Net borrowings (repayments) of floor plan notes payable - non-trade 39.4 57.2
Distributions from (to) parent (0.5) (0.4)
Net cash from continuing financing activities 7.9 5.0
Net cash from discontinued operations 4.8 3.2
Net change in cash and cash equivalents 10.0 5.9
Cash and cash equivalents, beginning of period 37.2 9.1
Cash and cash equivalents, end of period $ 47.2 $ 15.0