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Condensed Consolidating Financial Information - Cash Flows (Details) - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2018 | Jun. 30, 2017
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 417.0 | $ 320.5
Investing activities: |  |
Purchase of equipment and improvements | (118.8) | (113.4)
Proceeds from sale of dealerships | 58.4 | 9.0
Proceeds from sale-leaseback transactions | 5.8 |
Acquisitions, net | (168.6) | (431.9)
Other | (3.0) | 6.0
Net cash used in continuing investing activities | (226.2) | (530.3)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 23.1 | 137.9
Net (repayments) borrowings of floor plan notes payable — non-trade | (92.9) | 131.3
Repurchases of common stock | (55.8) | (8.5)
Dividends | (59.0) | (52.4)
Other | (6.1) | (5.8)
Net cash (used in) provided by continuing financing activities | (190.7) | 202.5
Net cash provided by discontinued operations | 0.2 | 2.5
Effect of exchange rate changes on cash and cash equivalents | (0.2) | 1.5
Net change in cash and cash equivalents | 0.1 | (3.3)
Cash and cash equivalents, beginning of period | 45.7 | 24.0
Cash and cash equivalents, end of period | 45.8 | 20.7
Penske Automotive Group | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | (24.5) | (50.5)
Investing activities: |  |
Purchase of equipment and improvements | (0.4) | (1.4)
Other | (1.9) | 6.0
Net cash used in continuing investing activities | (2.3) | 4.6
Financing activities: |  |
Net borrowings (repayments) of long-term debt | (73.0) | 83.0
Net (repayments) borrowings of floor plan notes payable — non-trade | 1.8 | 29.6
Repurchases of common stock | (55.8) | (8.5)
Dividends | (59.0) | (52.4)
Other | (0.3) | (5.8)
Distributions from (to) parent | 213.1 |
Net cash (used in) provided by continuing financing activities | 26.8 | 45.9
Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 357.2 | 252.6
Investing activities: |  |
Purchase of equipment and improvements | (68.4) | (49.4)
Proceeds from sale of dealerships | 55.9 | 9.0
Acquisitions, net |  | (316.9)
Net cash used in continuing investing activities | (12.5) | (357.3)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | (56.5) | 10.8
Net (repayments) borrowings of floor plan notes payable — non-trade | (98.8) | 80.2
Other | (5.8) |
Distributions from (to) parent | (198.2) | 3.7
Net cash (used in) provided by continuing financing activities | (359.3) | 94.7
Net cash provided by discontinued operations | 0.2 | 2.5
Net change in cash and cash equivalents | (14.4) | (7.5)
Cash and cash equivalents, beginning of period | 14.8 | 9.4
Cash and cash equivalents, end of period | 0.4 | 1.9
Non-Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 84.3 | 118.4
Investing activities: |  |
Purchase of equipment and improvements | (50.0) | (62.6)
Proceeds from sale of dealerships | 2.5 |
Proceeds from sale-leaseback transactions | 5.8 |
Acquisitions, net | (168.6) | (115.0)
Other | (1.1) |
Net cash used in continuing investing activities | (211.4) | (177.6)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 152.6 | 44.1
Net (repayments) borrowings of floor plan notes payable — non-trade | 4.1 | 21.5
Distributions from (to) parent | (14.9) | (3.7)
Net cash (used in) provided by continuing financing activities | 141.8 | 61.9
Effect of exchange rate changes on cash and cash equivalents | (0.2) | 1.5
Net change in cash and cash equivalents | 14.5 | 4.2
Cash and cash equivalents, beginning of period | 30.9 | 14.6
Cash and cash equivalents, end of period | $ 45.4 | $ 18.8

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