CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 45.7	$ 24.0
Accounts receivable, net of allowance for doubtful accounts of $5.5 and $4.5	954.9	879.0
Inventories	3,944.1	3,408.2
Other current assets	81.8	73.9
Assets held for sale		8.4
Total current assets	5,026.5	4,393.5
Property and equipment, net	2,108.6	1,806.5
Goodwill	1,660.5	1,291.2
Other indefinite-lived intangible assets	474.0	420.1
Equity method investments	1,256.6	893.4
Other long-term assets	14.4	28.3
Total assets	10,540.6	8,833.0
LIABILITIES AND EQUITY
Floor plan notes payable	2,343.2	2,084.5
Floor plan notes payable - non-trade	1,418.6	1,233.3
Accounts payable	641.6	497.4
Accrued expenses	523.5	360.0
Current portion of long-term debt	72.8	48.3
Liabilities held for sale	0.7	6.1
Total current liabilities	5,000.4	4,229.6
Long-term debt	2,090.4	1,828.8
Deferred tax liabilities	481.5	564.6
Other long-term liabilities	540.3	430.5
Total liabilities	8,112.6	7,053.5
Commitments and contingent liabilities (Note 11)
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	532.3	497.1
Retained earnings	2,009.4	1,504.5
Accumulated other comprehensive income (loss)	(146.5)	(250.7)
Total Penske Automotive Group stockholders' equity	2,395.2	1,750.9
Non-controlling interest	32.8	28.6
Total equity	2,428.0	1,779.5
Total liabilities and equity	10,540.6	8,833.0
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock