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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 49.8 $ 43.8
Accounts receivable, net of allowance for doubtful accounts of $3.4 and $2.8 600.8 545.1
Inventories 2,518.3 1,959.3
Other current assets 88.4 90.2
Assets held for sale 107.3 164.1
Total current assets 3,364.6 2,802.5
Property and equipment, net 1,232.2 1,013.7
Goodwill 1,144.5 967.3
Franchise value 295.4 271.7
Equity method investments 346.9 303.2
Other long-term assets 31.9 20.6
Total assets 6,415.5 5,379.0
LIABILITIES AND EQUITY    
Floor plan notes payable 1,685.1 1,388.7
Floor plan notes payable - non-trade 901.6 710.4
Accounts payable 373.3 259.8
Accrued expenses 262.6 221.3
Current portion of long-term debt 50.0 19.5
Liabilities held for sale 59.7 95.9
Total current liabilities 3,332.3 2,695.6
Long-term debt 1,033.2 917.1
Deferred tax liabilities 361.4 287.8
Other long-term liabilities 166.5 162.2
Total liabilities 4,893.4 4,062.7
Commitments and contingent liabilities      
Penske Automotive Group stockholders' equity:    
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding      
Common Stock      
Additional paid-in-capital 693.6 700.0
Retained earnings 799.2 611.0
Accumulated other comprehensive income (loss) 11.6 (6.8)
Total Penske Automotive Group stockholders' equity 1,504.4 1,304.2
Non-controlling interest 17.7 12.1
Total equity 1,522.1 1,316.3
Total liabilities and equity 6,415.5 5,379.0
Non-voting Common Stock
   
Penske Automotive Group stockholders' equity:    
Common Stock      
Class C Common Stock
   
Penske Automotive Group stockholders' equity:    
Common Stock