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Condensed Consolidating Financial Information (Details 3) - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2015 | Jun. 30, 2014
Condensed consolidating statement of cash flows |  |
Net cash provided by continuing operating activities | $ 270.1 | $ 207.3
Investing activities: |  |
Purchase of equipment and improvements | (82.9) | (81.5)
Acquisitions, net | (86.4) | (86.2)
Other |  | 4.2
Net cash used in continuing investing activities | (169.3) | (163.5)
Financing activities: |  |
Net repayments of long-term debt | (194.6) | (37.2)
Net borrowings (repayments) of floor plan notes payable - non-trade | 122.3 | 32.4
Payment of deferred financing fees | (1.7) |
Repurchases of common stock | (22.0) | (15.5)
Dividends | (40.7) | (33.5)
Other | 0.2 | 0.3
Net cash used in continuing financing activities | (136.5) | (53.5)
Net cash provided by discontinued operations | 36.5 | 20.8
Effect of exchange rates on cash and cash equivalents | (0.4) |
Net change in cash and cash equivalents | 0.4 | 11.1
Cash and cash equivalents, beginning of period | 36.3 | 50.3
Cash and cash equivalents, end of period | 36.7 | 61.4
Reportable legal entities | Penske Automotive Group |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by continuing operating activities | 9.4 | 33.5
Investing activities: |  |
Purchase of equipment and improvements | (0.7) | (0.4)
Other |  | 4.2
Net cash used in continuing investing activities | (0.7) | 3.8
Financing activities: |  |
Net repayments of long-term debt | (10.0) | 10.0
Net borrowings (repayments) of floor plan notes payable - non-trade | 64.0 | 1.7
Repurchases of common stock | (22.0) | (15.5)
Dividends | (40.7) | (33.5)
Net cash used in continuing financing activities | (8.7) | (37.3)
Reportable legal entities | Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by continuing operating activities | 75.0 | 89.7
Investing activities: |  |
Purchase of equipment and improvements | (40.0) | (60.5)
Acquisitions, net | (21.7) | (80.5)
Net cash used in continuing investing activities | (61.7) | (141.0)
Financing activities: |  |
Net repayments of long-term debt | (5.7) | 11.0
Net borrowings (repayments) of floor plan notes payable - non-trade | (54.7) | 14.6
Distributions from (to) parent | 7.4 | 3.6
Net cash used in continuing financing activities | (53.0) | 29.2
Net cash provided by discontinued operations | 39.7 | 9.0
Net change in cash and cash equivalents |  | (13.1)
Cash and cash equivalents, beginning of period |  | 13.1
Reportable legal entities | Non-Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by continuing operating activities | 185.7 | 84.1
Investing activities: |  |
Purchase of equipment and improvements | (42.2) | (20.6)
Acquisitions, net | (64.7) | (5.7)
Net cash used in continuing investing activities | (106.9) | (26.3)
Financing activities: |  |
Net repayments of long-term debt | (178.9) | (58.2)
Net borrowings (repayments) of floor plan notes payable - non-trade | 113.0 | 16.1
Payment of deferred financing fees | (1.7) |
Other | 0.2 | 0.3
Distributions from (to) parent | (7.4) | (3.6)
Net cash used in continuing financing activities | (74.8) | (45.4)
Net cash provided by discontinued operations | (3.2) | 11.8
Effect of exchange rates on cash and cash equivalents | (0.4) |
Net change in cash and cash equivalents | 0.4 | 24.2
Cash and cash equivalents, beginning of period | 36.3 | 37.2
Cash and cash equivalents, end of period | $ 36.7 | $ 61.4

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