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Condensed Consolidating Financial Information - Cash Flows (Details) - USD ($) $ in Millions | 9 Months Ended
--- | ---
Sep. 30, 2019 | Sep. 30, 2018
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | $ 660.8 | $ 535.9
Investing activities: |  |
Purchase of equipment and improvements | (188.8) | (188.5)
Proceeds from sale of dealerships | 7.3 | 58.4
Proceeds from sale-leaseback transactions | 7.3 | 10.7
Acquisitions, net | (326.9) | (168.6)
Other | (2.3) | (3.5)
Net cash used in continuing investing activities | (503.4) | (291.5)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 170.3 | (41.0)
Net (repayments) borrowings of floor plan notes payable - non-trade | (18.0) | (59.6)
Repurchases of common stock | (174.1) | (55.8)
Dividends | (97.3) | (89.7)
Other | 0.1 | (6.2)
Net cash used in by continuing financing activities | (119.0) | (252.3)
Net cash provided by discontinued operations | 0.2 | 0.3
Effect of exchange rate changes on cash and cash equivalents | (0.5) | (0.5)
Net change in cash and cash equivalents | 38.1 | (8.1)
Cash and cash equivalents, beginning of period | 39.4 | 45.7
Cash and cash equivalents, end of period | 77.5 | 37.6
Penske Automotive Group | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | (38.1) | 16.1
Investing activities: |  |
Purchase of equipment and improvements | (0.7) | (2.3)
Other | (2.6) | (2.4)
Net cash used in continuing investing activities | (3.3) | (4.7)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 144.9 | (172.0)
Net (repayments) borrowings of floor plan notes payable - non-trade | (5.1) | (23.3)
Repurchases of common stock | (174.1) | (55.8)
Dividends | (97.3) | (89.7)
Other | 0.1 | (0.3)
Distributions from (to) parent | 172.9 | 329.7
Net cash used in by continuing financing activities | 41.4 | (11.4)
Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 457.0 | 356.2
Investing activities: |  |
Purchase of equipment and improvements | (72.9) | (95.1)
Proceeds from sale of dealerships | 7.3 | 55.9
Acquisitions, net | (325.8) |
Net cash used in continuing investing activities | (391.4) | (39.2)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | 34.1 | 41.6
Net (repayments) borrowings of floor plan notes payable - non-trade | 9.5 | (50.1)
Other |  | (5.9)
Distributions from (to) parent | (122.3) | (314.3)
Net cash used in by continuing financing activities | (78.7) | (328.7)
Net cash provided by discontinued operations | 0.2 | 0.3
Net change in cash and cash equivalents | (12.9) | (11.4)
Cash and cash equivalents, beginning of period | 12.9 | 14.8
Cash and cash equivalents, end of period | 0.0 | 3.4
Non-Guarantor Subsidiaries | Reportable legal entities |  |
Condensed consolidating statement of cash flows |  |
Net cash provided by (used in) continuing operating activities | 241.9 | 163.6
Investing activities: |  |
Purchase of equipment and improvements | (115.2) | (91.1)
Proceeds from sale of dealerships |  | 2.5
Proceeds from sale-leaseback transactions | 7.3 | 10.7
Acquisitions, net | (1.1) | (168.6)
Other | 0.3 | (1.1)
Net cash used in continuing investing activities | (108.7) | (247.6)
Financing activities: |  |
Net borrowings (repayments) of long-term debt | (8.7) | 89.4
Net (repayments) borrowings of floor plan notes payable - non-trade | (22.4) | 13.8
Distributions from (to) parent | (50.6) | (15.4)
Net cash used in by continuing financing activities | (81.7) | 87.8
Effect of exchange rate changes on cash and cash equivalents | (0.5) | (0.5)
Net change in cash and cash equivalents | 51.0 | 3.3
Cash and cash equivalents, beginning of period | 26.5 | 30.9
Cash and cash equivalents, end of period | $ 77.5 | $ 34.2

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