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Condensed Consolidating Financial Information - Cash Flows (Details) - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2019 | Jun. 30, 2018
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 304.6 | $ 417.0
Investing activities: |  |
Purchase of equipment and improvements | (134.5) | (118.8)
Proceeds from sale of dealerships | 7.2 | 58.4
Proceeds from sale-leaseback transactions | 7.3 | 5.8
Acquisitions, net | (1.1) | (168.6)
Other | (0.9) | (3.0)
Net cash used in continuing investing activities | (122.0) | (226.2)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 9.8 | 23.1
Net borrowings (repayments) of floor plan notes payable - non-trade | 6.8 | (92.9)
Repurchases of common stock | (130.6) | (55.8)
Dividends | (64.5) | (59.0)
Other | 0.4 | (6.1)
Net cash used in by continuing financing activities | (178.1) | (190.7)
Net cash (used in) provided by discontinued operations |  | 0.2
Effect of exchange rate changes on cash and cash equivalents | (0.1) | (0.2)
Net change in cash and cash equivalents | 4.4 | 0.1
Cash and cash equivalents, beginning of period | 39.4 | 45.7
Cash and cash equivalents, end of period | 43.8 | 45.8
Penske Automotive Group | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | (18.4) | (24.5)
Investing activities: |  |
Purchase of equipment and improvements | (0.7) | (0.4)
Other | (1.3) | (1.9)
Net cash used in continuing investing activities | (2.0) | (2.3)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 39.9 | (73.0)
Net borrowings (repayments) of floor plan notes payable - non-trade | (6.4) | 1.8
Repurchases of common stock | (130.6) | (55.8)
Dividends | (64.5) | (59.0)
Other | 0.4 | (0.3)
Distributions from (to) parent | 181.6 | 213.1
Net cash used in by continuing financing activities | 20.4 | 26.8
Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 214.0 | 357.2
Investing activities: |  |
Purchase of equipment and improvements | (56.0) | (68.4)
Proceeds from sale of dealerships | 7.2 | 55.9
Net cash used in continuing investing activities | (48.8) | (12.5)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 37.0 | (56.5)
Net borrowings (repayments) of floor plan notes payable - non-trade | (32.8) | (98.8)
Other |  | (5.8)
Distributions from (to) parent | (179.8) | (198.2)
Net cash used in by continuing financing activities | (175.6) | (359.3)
Net cash (used in) provided by discontinued operations |  | 0.2
Net change in cash and cash equivalents | (10.4) | (14.4)
Cash and cash equivalents, beginning of period | 12.9 | 14.8
Cash and cash equivalents, end of period | 2.5 | 0.4
Non-Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 109.0 | 84.3
Investing activities: |  |
Purchase of equipment and improvements | (77.8) | (50.0)
Proceeds from sale of dealerships |  | 2.5
Proceeds from sale-leaseback transactions | 7.3 |
Acquisitions, net | (1.1) | (168.6)
Other | 0.4 | (1.1)
Net cash used in continuing investing activities | (71.2) | (211.4)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | (67.1) | 152.6
Net borrowings (repayments) of floor plan notes payable - non-trade | 46.0 | 4.1
Distributions from (to) parent | (1.8) | (14.9)
Net cash used in by continuing financing activities | (22.9) | 141.8
Effect of exchange rate changes on cash and cash equivalents | (0.1) | (0.2)
Net change in cash and cash equivalents | 14.8 | 14.5
Cash and cash equivalents, beginning of period | 26.5 | 30.9
Cash and cash equivalents, end of period | $ 41.3 | $ 45.4

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