CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 92.3	$ 100.7
Accounts receivable, net of allowance for doubtful accounts of $6.3 and $6.8	831.3	734.0
Inventories	3,146.9	3,129.0
Other current assets	139.8	111.7
Total current assets	4,210.3	4,075.4
Property and equipment, net	2,415.5	2,442.2
Operating lease right-of-use assets	2,386.9	2,451.4
Goodwill	2,112.9	2,124.1
Other indefinite-lived intangible assets	681.1	641.5
Equity method investments	1,733.8	1,688.1
Other long-term assets	47.6	41.9
Total assets	13,588.1	13,464.6
LIABILITIES AND EQUITY
Floor plan notes payable	1,383.3	1,144.8
Floor plan notes payable — non-trade	1,212.9	1,409.9
Accounts payable	828.0	767.1
Accrued expenses and other current liabilities	813.2	870.3
Current portion of long-term debt	76.0	82.0
Liabilities held for sale	0.0	0.5
Total current liabilities	4,313.4	4,274.6
Long-term debt	1,561.9	1,392.0
Long-term operating lease liabilities	2,310.1	2,373.6
Deferred tax liabilities	1,114.7	1,060.4
Other long-term liabilities	200.0	269.0
Total liabilities	9,500.1	9,369.6
Commitments and contingent liabilities (Note 10)
Penske Automotive Group stockholders’ equity:
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	0.0	0.0
Common stock	0.0	0.0
Additional paid-in capital	0.0	42.2
Retained earnings	4,504.5	4,196.6
Accumulated other comprehensive income (loss)	(441.0)	(168.8)
Total Penske Automotive Group stockholders’ equity	4,063.5	4,070.0
Non-controlling interest	24.5	25.0
Total equity	4,088.0	4,095.0
Total liabilities and equity	13,588.1	13,464.6
Non-voting Common Stock
Penske Automotive Group stockholders’ equity:
Common stock	0.0	0.0
Class C Common Stock
Penske Automotive Group stockholders’ equity:
Common stock	$ 0.0	$ 0.0