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v3.19.1

Condensed Consolidating Financial Information - Cash Flows (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 91.4 | $ 174.8
Investing activities: |  |
Purchase of equipment and improvements | (63.1) | (64.7)
Proceeds from sale of dealerships | 7.2 | 58.4
Proceeds from sale-leaseback transactions | 7.3 |
Acquisitions, net | (1.1) | (156.5)
Other | (0.2) | (6.3)
Net cash used in continuing investing activities | (49.9) | (169.1)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (10.6) | 84.6
Net borrowings (repayments) of floor plan notes payable — non-trade | 60.1 | (4.8)
Repurchases of common stock | (54.3) | (50.0)
Dividends | (32.2) | (29.2)
Other | (0.1) |
Net cash (used in) provided by continuing financing activities | (37.1) | 0.6
Net cash (used in) provided by discontinued operations | (0.1) | 0.1
Effect of exchange rate changes on cash and cash equivalents | (0.2) | 0.7
Net change in cash and cash equivalents | 4.1 | 7.1
Cash and cash equivalents, beginning of period | 39.4 | 45.7
Cash and cash equivalents, end of period | 43.5 | 52.8
Penske Automotive Group | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | (9.8) | (23.0)
Investing activities: |  |
Purchase of equipment and improvements | (0.5) | (1.1)
Other | (0.6) | (1.6)
Net cash used in continuing investing activities | (1.1) | (2.7)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | 25.0 | (44.0)
Net borrowings (repayments) of floor plan notes payable — non-trade | (12.3) | 1.0
Repurchases of common stock | (54.3) | (50.0)
Dividends | (32.2) | (29.2)
Other | (0.1) |
Distributions from (to) parent | 84.8 | 147.9
Net cash (used in) provided by continuing financing activities | 10.9 | 25.7
Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 94.0 | 137.0
Investing activities: |  |
Purchase of equipment and improvements | (24.2) | (38.6)
Proceeds from sale of dealerships | 7.2 | 55.9
Net cash used in continuing investing activities | (17.0) | 17.3
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (2.4) | 9.3
Net borrowings (repayments) of floor plan notes payable — non-trade | (2.9) | (43.2)
Distributions from (to) parent | (84.5) | (135.3)
Net cash (used in) provided by continuing financing activities | (89.8) | (169.2)
Net cash (used in) provided by discontinued operations | (0.1) | 0.1
Net change in cash and cash equivalents | (12.9) | (14.8)
Cash and cash equivalents, beginning of period | 12.9 | 14.8
Non-Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 7.2 | 60.8
Investing activities: |  |
Purchase of equipment and improvements | (38.4) | (25.0)
Proceeds from sale of dealerships |  | 2.5
Proceeds from sale-leaseback transactions | 7.3 |
Acquisitions, net | (1.1) | (156.5)
Other | 0.4 | (4.7)
Net cash used in continuing investing activities | (31.8) | (183.7)
Financing activities: |  |
Net (repayments) borrowings of long-term debt | (33.2) | 119.3
Net borrowings (repayments) of floor plan notes payable — non-trade | 75.3 | 37.4
Distributions from (to) parent | (0.3) | (12.6)
Net cash (used in) provided by continuing financing activities | 41.8 | 144.1
Effect of exchange rate changes on cash and cash equivalents | (0.2) | 0.7
Net change in cash and cash equivalents | 17.0 | 21.9
Cash and cash equivalents, beginning of period | 26.5 | 30.9
Cash and cash equivalents, end of period | $ 43.5 | $ 52.8

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