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v3.3.1.900

Condensed Consolidating Financial Information (Details 3) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Condensed consolidating statement of cash flows |  |  |
Net cash provided by (used in) continuing operating activities | $ 391.5 | $ 359.3 | $ 298.9
Investing activities: |  |  |
Purchase of equipment and improvements | (199.5) | (176.1) | (175.0)
Acquisitions, net | (156.9) | (355.0) | (314.0)
Other | 4.7 | (22.6) | (2.6)
Net cash used in continuing investing activities | (351.7) | (553.7) | (491.6)
Financing activities: |  |  |
Net (repayments) borrowings of long-term debt | (62.1) | (71.3) | 81.1
Net borrowings (repayments) of floor plan notes payable - non-trade | 154.2 | 26.1 | 191.1
Payment of deferred financing fees | (1.8) | (4.4) |
Repurchases of common stock | (48.9) | (15.5) | (15.8)
Dividends | (84.8) | (70.5) | (56.0)
Other | (5.9) | 0.3 | 0.2
Net cash (used in) provided by continuing financing activities | (49.3) | 164.7 | 200.6
Net cash provided by (used in) discontinued operations | 37.0 | 17.0 | (1.5)
Effect of exchange rate changes on cash and cash equivalents | (1.4) | (1.3) |
Net change in cash and cash equivalents | 26.1 | (14.0) | 6.4
Cash and cash equivalents, beginning of period | 36.3 | 50.3 | 43.9
Cash and cash equivalents, end of period | 62.4 | 36.3 | 50.3
5.375% Senior Subordinated Notes Due 2024 |  |  |
Financing activities: |  |  |
Issuance of senior subordinated notes |  | 300.0 |
Reportable legal entities | Penske Automotive Group |  |  |
Condensed consolidating statement of cash flows |  |  |
Net cash provided by (used in) continuing operating activities | (4.9) | (70.7) | 46.5
Investing activities: |  |  |
Purchase of equipment and improvements | (1.3) | (1.7) | (1.3)
Other |  | 4.2 | (17.5)
Net cash used in continuing investing activities | (1.3) | 2.5 | (18.8)
Financing activities: |  |  |
Net (repayments) borrowings of long-term debt | 72.0 | (100.0) | 28.0
Net borrowings (repayments) of floor plan notes payable - non-trade | 67.9 | (41.4) | 16.1
Payment of deferred financing fees |  | (4.4) |
Repurchases of common stock | (48.9) | (15.5) | (15.8)
Dividends | (84.8) | (70.5) | (56.0)
Net cash (used in) provided by continuing financing activities | 6.2 | 68.2 | (27.7)
Reportable legal entities | Penske Automotive Group | 5.375% Senior Subordinated Notes Due 2024 |  |  |
Financing activities: |  |  |
Issuance of senior subordinated notes |  | 300.0 |
Reportable legal entities | Guarantor Subsidiaries |  |  |
Condensed consolidating statement of cash flows |  |  |
Net cash provided by (used in) continuing operating activities | 230.3 | 209.7 | 18.4
Investing activities: |  |  |
Purchase of equipment and improvements | (119.7) | (101.2) | (116.7)
Acquisitions, net | (93.2) | (175.3) | (103.4)
Other |  |  | 10.7
Net cash used in continuing investing activities | (212.9) | (276.5) | (209.4)
Financing activities: |  |  |
Net (repayments) borrowings of long-term debt | (4.9) | 9.0 | 2.7
Net borrowings (repayments) of floor plan notes payable - non-trade | (58.3) | 35.9 | 181.1
Distributions from (to) parent | 8.8 | 5.5 | 0.9
Net cash (used in) provided by continuing financing activities | (54.4) | 50.4 | 184.7
Net cash provided by (used in) discontinued operations | 37.0 | 3.3 | (15.4)
Net change in cash and cash equivalents |  | (13.1) | (21.7)
Cash and cash equivalents, beginning of period |  | 13.1 | 34.8
Cash and cash equivalents, end of period |  |  | 13.1
Reportable legal entities | Non-Guarantor Subsidiaries |  |  |
Condensed consolidating statement of cash flows |  |  |
Net cash provided by (used in) continuing operating activities | 166.1 | 220.3 | 234.0
Investing activities: |  |  |
Purchase of equipment and improvements | (78.5) | (73.2) | (57.0)
Acquisitions, net | (63.7) | (179.7) | (210.6)
Other | 4.7 | (26.8) | 4.2
Net cash used in continuing investing activities | (137.5) | (279.7) | (263.4)
Financing activities: |  |  |
Net (repayments) borrowings of long-term debt | (129.2) | 19.7 | 50.4
Net borrowings (repayments) of floor plan notes payable - non-trade | 144.6 | 31.6 | (6.1)
Payment of deferred financing fees | (1.8) |  |
Other | (5.9) | 0.3 | 0.2
Distributions from (to) parent | (8.8) | (5.5) | (0.9)
Net cash (used in) provided by continuing financing activities | (1.1) | 46.1 | 43.6
Net cash provided by (used in) discontinued operations |  | 13.7 | 13.9
Effect of exchange rate changes on cash and cash equivalents | (1.4) | (1.3) |
Net change in cash and cash equivalents | 26.1 | (0.9) | 28.1
Cash and cash equivalents, beginning of period | 36.3 | 37.2 | 9.1
Cash and cash equivalents, end of period | $ 62.4 | $ 36.3 | $ 37.2

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