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Condensed Consolidating Financial Information - Statement of Cash Flows (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 198.6 | $ 82.6
Investing activities: |  |
Purchase of equipment and improvements | (36.9) | (46.8)
Acquisitions, net | (314.2) | (0.4)
Other | 9.0 | (25.7)
Net cash used in continuing investing activities | (342.1) | (72.9)
Financing activities: |  |
Net borrowings of long-term debt | 153.1 | 111.5
Net borrowings (repayments) of floor plan notes payable—non-trade | 63.0 | 54.9
Repurchases of common stock | (2.7) | (167.9)
Dividends | (25.6) | (23.3)
Other |  | (4.6)
Net cash provided by (used in) continuing financing activities | 187.8 | (29.4)
Net cash provided by discontinued operations | 2.5 | 2.2
Effect of exchange rate changes on cash and cash equivalents | 1.4 | 0.7
Net change in cash and cash equivalents | 48.2 | (16.8)
Cash and cash equivalents, beginning of period | 24.0 | 62.4
Cash and cash equivalents, end of period | 72.2 | 45.6
Penske Automotive Group |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | (17.1) | (12.5)
Investing activities: |  |
Purchase of equipment and improvements | (0.4) | (0.4)
Net cash used in continuing investing activities | (0.4) | (0.4)
Financing activities: |  |
Net borrowings of long-term debt | 47.0 | 77.0
Net borrowings (repayments) of floor plan notes payable—non-trade | (1.2) | 0.3
Repurchases of common stock | (2.7) | (167.9)
Dividends | (25.6) | (23.3)
Distributions from (to) parent |  | 126.8
Net cash provided by (used in) continuing financing activities | 17.5 | 12.9
Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 127.1 | 104.2
Investing activities: |  |
Purchase of equipment and improvements | (20.1) | (26.4)
Acquisitions, net | (199.2) |
Other | 9.0 | (0.3)
Net cash used in continuing investing activities | (210.3) | (26.7)
Financing activities: |  |
Net borrowings of long-term debt | 12.7 | 21.2
Net borrowings (repayments) of floor plan notes payable—non-trade | 59.4 | 28.5
Distributions from (to) parent | 0.7 | (126.8)
Net cash provided by (used in) continuing financing activities | 72.8 | (77.1)
Net cash provided by discontinued operations | 2.5 | (0.4)
Net change in cash and cash equivalents | (7.9) |
Cash and cash equivalents, beginning of period | 9.4 |
Cash and cash equivalents, end of period | 1.5 |
Non-Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 88.6 | (9.1)
Investing activities: |  |
Purchase of equipment and improvements | (16.4) | (20.0)
Acquisitions, net | (115.0) | (0.4)
Other |  | (25.4)
Net cash used in continuing investing activities | (131.4) | (45.8)
Financing activities: |  |
Net borrowings of long-term debt | 93.4 | 13.3
Net borrowings (repayments) of floor plan notes payable—non-trade | 4.8 | 26.1
Other |  | (4.6)
Distributions from (to) parent | (0.7) |
Net cash provided by (used in) continuing financing activities | 97.5 | 34.8
Net cash provided by discontinued operations |  | 2.6
Effect of exchange rate changes on cash and cash equivalents | 1.4 | 0.7
Net change in cash and cash equivalents | 56.1 | (16.8)
Cash and cash equivalents, beginning of period | 14.6 | 62.4
Cash and cash equivalents, end of period | $ 70.7 | $ 45.6

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