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Condensed Consolidating Financial Information - Statement of Cash Flows (Details) - USD ($) $ in Millions | 9 Months Ended
--- | ---
Sep. 30, 2017 | Sep. 30, 2016
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 466.8 | $ 463.3
Investing activities: |  |
Purchase of equipment and improvements | (180.1) | (171.7)
Acquisition of additional ownership interest in Penske Truck Leasing | (239.1) | (498.5)
Acquisitions, net | (449.7) | (106.0)
Other | 13.3 | (9.5)
Net cash used in continuing investing activities | (855.6) | (785.7)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 50.3 | 119.3
Net borrowings (repayments) of floor plan notes payable — non-trade | 155.2 | 12.8
Payment of debt issuance costs | (4.0) | (6.7)
Repurchases of common stock | (18.5) | (173.6)
Dividends | (80.1) | (70.3)
Other | (5.8) | (15.8)
Net cash provided by continuing financing activities | 397.1 | 365.7
Net cash provided by discontinued operations | 2.7 | 3.0
Effect of exchange rate changes on cash and cash equivalents | 2.2 | (19.3)
Net change in cash and cash equivalents | 13.2 | 27.0
Cash and cash equivalents, beginning of period | 24.0 | 62.4
Cash and cash equivalents, end of period | 37.2 | 89.4
3.75% senior subordinated notes due 2020 |  |
Financing activities: |  |
Issuance of senior subordinated notes | 300.0 |
5.50% senior subordinated notes due 2026 |  |
Financing activities: |  |
Issuance of senior subordinated notes |  | 500.0
Reportable legal entities | Penske Automotive Group |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | (34.5) | (24.1)
Investing activities: |  |
Purchase of equipment and improvements | (2.4) | (0.8)
Acquisition of additional ownership interest in Penske Truck Leasing | (239.1) | (498.5)
Other | 4.6 |
Net cash used in continuing investing activities | (236.9) | (499.3)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | (24.0) | 45.0
Net borrowings (repayments) of floor plan notes payable — non-trade | 63.7 | 4.2
Payment of debt issuance costs | (4.0) | (6.7)
Repurchases of common stock | (18.5) | (173.6)
Dividends | (80.1) | (70.3)
Other | (5.8) | (6.1)
Distributions from (to) parent | 40.1 | 230.9
Net cash provided by continuing financing activities | 271.4 | 523.4
Reportable legal entities | Penske Automotive Group | 3.75% senior subordinated notes due 2020 |  |
Financing activities: |  |
Issuance of senior subordinated notes | 300.0 |
Reportable legal entities | Penske Automotive Group | 5.50% senior subordinated notes due 2026 |  |
Financing activities: |  |
Issuance of senior subordinated notes |  | 500.0
Reportable legal entities | Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 359.5 | 90.7
Investing activities: |  |
Purchase of equipment and improvements | (80.0) | (103.5)
Acquisitions, net | (316.9) |
Other | 9.0 | 17.0
Net cash used in continuing investing activities | (387.9) | (86.5)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 8.6 | 8.4
Net borrowings (repayments) of floor plan notes payable — non-trade | 43.2 | 215.5
Distributions from (to) parent | (35.5) | (227.4)
Net cash provided by continuing financing activities | 16.3 | (3.5)
Net cash provided by discontinued operations | 2.7 | 0.6
Net change in cash and cash equivalents | (9.4) | 1.3
Cash and cash equivalents, beginning of period | 9.4 |
Cash and cash equivalents, end of period |  | 1.3
Reportable legal entities | Non-Guarantor Subsidiaries |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 141.8 | 396.7
Investing activities: |  |
Purchase of equipment and improvements | (97.7) | (67.4)
Acquisitions, net | (132.8) | (106.0)
Other | (0.3) | (26.5)
Net cash used in continuing investing activities | (230.8) | (199.9)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 65.7 | 65.9
Net borrowings (repayments) of floor plan notes payable — non-trade | 48.3 | (206.9)
Other |  | (9.7)
Distributions from (to) parent | (4.6) | (3.5)
Net cash provided by continuing financing activities | 109.4 | (154.2)
Net cash provided by discontinued operations |  | 2.4
Effect of exchange rate changes on cash and cash equivalents | 2.2 | (19.3)
Net change in cash and cash equivalents | 22.6 | 25.7
Cash and cash equivalents, beginning of period | 14.6 | 62.4
Cash and cash equivalents, end of period | $ 37.2 | $ 88.1

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