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Condensed Consolidating Financial Information (Details 3) - USD ($) $ in Millions | 9 Months Ended
--- | ---
Sep. 30, 2015 | Sep. 30, 2014
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 373.4 | $ 276.0
Investing activities: |  |
Purchase of equipment and improvements | (151.1) | (139.6)
Acquisitions, net | (85.4) | (86.2)
Other | 0.2 | (25.3)
Net cash used in continuing investing activities | (236.3) | (251.1)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (165.7) | 127.0
Net borrowings (repayments) of floor plan notes payable - non-trade | 94.6 |
Payment of deferred financing fees | (1.8) |
Repurchases of common stock | (22.0) | (15.5)
Dividends | (62.3) | (51.5)
Other | (5.9) | 0.2
Net cash (used in) provided by continuing financing activities | (163.1) | 60.2
Net cash provided by (used in) discontinued operations | 39.7 | 15.1
Effect of exchange rate changes on cash and cash equivalents | (0.3) |
Net change in cash and cash equivalents | 13.4 | 100.2
Cash and cash equivalents, beginning of period | 36.3 | 50.3
Cash and cash equivalents, end of period | 49.7 | 150.5
Reportable legal entities | Penske Automotive Group |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 28.4 | (19.4)
Investing activities: |  |
Purchase of equipment and improvements | (1.0) | (0.6)
Other |  | 4.2
Net cash used in continuing investing activities | (1.0) | 3.6
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (10.0) | 84.0
Net borrowings (repayments) of floor plan notes payable - non-trade | 66.9 | (1.2)
Repurchases of common stock | (22.0) | (15.5)
Dividends | (62.3) | (51.5)
Net cash (used in) provided by continuing financing activities | (27.4) | 15.8
Reportable legal entities | Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 154.3 | 169.0
Investing activities: |  |
Purchase of equipment and improvements | (74.0) | (82.9)
Acquisitions, net | (21.7) | (80.5)
Other |  | (10.6)
Net cash used in continuing investing activities | (95.7) | (174.0)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | 24.0 | 9.6
Net borrowings (repayments) of floor plan notes payable - non-trade | (130.1) | (20.9)
Distributions from (to) parent | 8.3 | 4.8
Net cash (used in) provided by continuing financing activities | (97.8) | (6.5)
Net cash provided by (used in) discontinued operations | 39.2 | (1.5)
Net change in cash and cash equivalents |  | (13.0)
Cash and cash equivalents, beginning of period |  | 13.0
Reportable legal entities | Non-Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 190.7 | 126.4
Investing activities: |  |
Purchase of equipment and improvements | (76.1) | (56.1)
Acquisitions, net | (63.7) | (5.7)
Other | 0.2 | (18.9)
Net cash used in continuing investing activities | (139.6) | (80.7)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (179.7) | 33.4
Net borrowings (repayments) of floor plan notes payable - non-trade | 157.8 | 22.1
Payment of deferred financing fees | (1.8) |
Other | (5.9) | 0.2
Distributions from (to) parent | (8.3) | (4.8)
Net cash (used in) provided by continuing financing activities | (37.9) | 50.9
Net cash provided by (used in) discontinued operations | 0.5 | 16.6
Effect of exchange rate changes on cash and cash equivalents | (0.3) |
Net change in cash and cash equivalents | 13.4 | 113.2
Cash and cash equivalents, beginning of period | 36.3 | 37.3
Cash and cash equivalents, end of period | $ 49.7 | $ 150.5

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