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Condensed Consolidating Financial Information - Statement of Cash Flows (Details) - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2016 | Jun. 30, 2015
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 264.5 | $ 270.6
Investing activities: |  |
Purchase of equipment and improvements | (136.7) | (83.5)
Acquisitions, net | (65.4) | (86.4)
Other | (25.0) |
Net cash used in continuing investing activities | (227.1) | (169.9)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (99.1) | (194.2)
Net (repayments) borrowings of floor plan notes payable - non-trade | (163.0) | 120.3
Issuance of 5.50% senior subordinated notes | 500.0 |
Payment of debt issuance costs | (6.6) | (1.7)
Repurchases of common stock | (173.6) | (22.0)
Dividends | (46.4) | (40.7)
Other | (9.8) | 0.2
Net cash provided by (used in) continuing financing activities | 1.5 | (138.1)
Net cash provided by discontinued operations | 2.9 | 40.9
Effect of exchange rate changes on cash and cash equivalents | (6.7) | (0.4)
Net change in cash and cash equivalents | 35.1 | 3.1
Cash and cash equivalents, beginning of period | 62.4 | 36.3
Cash and cash equivalents, end of period | 97.5 | 39.4
Reportable legal entities | Penske Automotive Group |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | (90.1) | 9.4
Investing activities: |  |
Purchase of equipment and improvements | (0.4) | (0.7)
Net cash used in continuing investing activities | (0.4) | (0.7)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (160.0) | (10.0)
Net (repayments) borrowings of floor plan notes payable - non-trade | (149.7) | 64.0
Issuance of 5.50% senior subordinated notes | 500.0 |
Payment of debt issuance costs | (6.6) |
Repurchases of common stock | (173.6) | (22.0)
Dividends | (46.4) | (40.7)
Distributions from (to) parent | 126.8 |
Net cash provided by (used in) continuing financing activities | 90.5 | (8.7)
Reportable legal entities | Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 109.5 | 73.8
Investing activities: |  |
Purchase of equipment and improvements | (149.9) | (40.0)
Acquisitions, net | (65.1) | (21.7)
Other | 0.4 |
Net cash used in continuing investing activities | (214.6) | (61.7)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | 36.9 | (5.1)
Net (repayments) borrowings of floor plan notes payable - non-trade | 209.3 | (54.7)
Other | (5.2) |
Distributions from (to) parent | (125.0) | 7.4
Net cash provided by (used in) continuing financing activities | 116.0 | (52.4)
Net cash provided by discontinued operations | 0.3 | 40.3
Net change in cash and cash equivalents | 11.2 |
Cash and cash equivalents, end of period | 11.2 |
Reportable legal entities | Non-Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 245.1 | 187.4
Investing activities: |  |
Purchase of equipment and improvements | 13.6 | (42.8)
Acquisitions, net | (0.3) | (64.7)
Other | (25.4) |
Net cash used in continuing investing activities | (12.1) | (107.5)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | 24.0 | (179.1)
Net (repayments) borrowings of floor plan notes payable - non-trade | (222.6) | 111.0
Payment of debt issuance costs |  | (1.7)
Other | (4.6) | 0.2
Distributions from (to) parent | (1.8) | (7.4)
Net cash provided by (used in) continuing financing activities | (205.0) | (77.0)
Net cash provided by discontinued operations | 2.6 | 0.6
Effect of exchange rate changes on cash and cash equivalents | (6.7) | (0.4)
Net change in cash and cash equivalents | 23.9 | 3.1
Cash and cash equivalents, beginning of period | 62.4 | 36.3
Cash and cash equivalents, end of period | $ 86.3 | $ 39.4

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