XML 69 R56.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Information - Balance Sheet (Details) - USD ($)
$ in Millions
Jun. 30, 2018
Jan. 02, 2018
Dec. 31, 2017
Jun. 30, 2017
Dec. 31, 2016
Condensed consolidating balance sheet          
Cash and cash equivalents $ 45.8   $ 45.7 $ 20.7 $ 24.0
Accounts receivable, net 919.6 $ 977.3 954.9    
Inventories 3,895.1 3,930.7 3,944.1    
Other current assets 97.5   81.8    
Total current assets 4,958.0   5,026.5    
Property and equipment, net 2,144.9   2,108.6    
Intangible assets 2,174.8   2,134.5    
Equity method investments 1,279.2   1,256.6    
Other long-term assets 13.6   14.4    
Total assets 10,570.5   10,540.6    
Floor plan notes payable 2,278.0   2,343.2    
Floor plan notes payable - non-trade 1,325.7   1,418.6    
Accounts payable 680.0   641.6    
Accrued expenses 529.7 523.6 523.5    
Current portion of long-term debt 92.3   72.8    
Liabilities held for sale 0.7   0.7    
Total current liabilities 4,906.4   5,000.4    
Long-term debt 2,059.6   2,090.4    
Deferred tax liabilities 530.8 $ 483.8 481.5    
Other long-term liabilities 547.9   540.3    
Total liabilities 8,044.7   8,112.6    
Total equity 2,525.8   2,428.0    
Total liabilities and equity $ 10,570.5   $ 10,540.6    
3.75% senior subordinated notes due 2020          
Condensed consolidating balance sheet          
Interest rate (as a percent) 3.75%   3.75%    
Domestic Subsidiaries ownership guaranteeing obligations (as a percent) 100.00%        
5.75% senior subordinated notes due 2022          
Condensed consolidating balance sheet          
Interest rate (as a percent) 5.75%   5.75%    
Domestic Subsidiaries ownership guaranteeing obligations (as a percent) 100.00%        
5.375% senior subordinated notes due 2024          
Condensed consolidating balance sheet          
Interest rate (as a percent) 5.375%   5.375%    
Domestic Subsidiaries ownership guaranteeing obligations (as a percent) 100.00%        
5.50% senior subordinated notes due 2026          
Condensed consolidating balance sheet          
Interest rate (as a percent) 5.50%   5.50%    
Domestic Subsidiaries ownership guaranteeing obligations (as a percent) 100.00%        
Eliminations          
Condensed consolidating balance sheet          
Accounts receivable, net $ (472.2)   $ (463.6)    
Total current assets (472.2)   (463.6)    
Other long-term assets (2,784.9)   (2,772.7)    
Total assets (3,257.1)   (3,236.3)    
Accrued expenses (472.2)   (463.6)    
Total current liabilities (472.2)   (463.6)    
Long-term debt (148.0)   (150.2)    
Total liabilities (620.2)   (613.8)    
Total equity (2,636.9)   (2,622.5)    
Total liabilities and equity (3,257.1)   (3,236.3)    
Reportable legal entities | Penske Automotive Group          
Condensed consolidating balance sheet          
Accounts receivable, net 472.2   463.6    
Other current assets 6.0   7.3    
Total current assets 478.2   470.9    
Property and equipment, net 2.7   3.3    
Equity method investments 1,209.9   1,186.9    
Other long-term assets 2,789.8   2,777.8    
Total assets 4,480.6   4,438.9    
Floor plan notes payable - non-trade 198.4   196.6    
Accounts payable 4.2   3.9    
Accrued expenses 1.1   1.0    
Total current liabilities 203.7   201.5    
Long-term debt 1,751.1   1,809.4    
Total liabilities 1,954.8   2,010.9    
Total equity 2,525.8   2,428.0    
Total liabilities and equity 4,480.6   4,438.9    
Reportable legal entities | Guarantor Subsidiaries          
Condensed consolidating balance sheet          
Cash and cash equivalents 0.4   14.8 1.9 9.4
Accounts receivable, net 421.5   523.8    
Inventories 1,893.0   1,935.0    
Other current assets 20.4   16.8    
Total current assets 2,335.3   2,490.4    
Property and equipment, net 1,019.3   1,032.9    
Intangible assets 1,328.7   1,334.6    
Other long-term assets 4.3   4.6    
Total assets 4,687.6   4,862.5    
Floor plan notes payable 1,221.5   1,272.4    
Floor plan notes payable - non-trade 503.2   601.9    
Accounts payable 163.5   194.4    
Accrued expenses 163.9   165.2    
Current portion of long-term debt 5.0   5.5    
Liabilities held for sale 0.7   0.7    
Total current liabilities 2,057.8   2,240.1    
Long-term debt 191.2   191.6    
Deferred tax liabilities 529.8   480.1    
Other long-term liabilities 64.4   64.7    
Total liabilities 2,843.2   2,976.5    
Total equity 1,844.4   1,886.0    
Total liabilities and equity 4,687.6   4,862.5    
Reportable legal entities | Non-Guarantor Subsidiaries          
Condensed consolidating balance sheet          
Cash and cash equivalents 45.4   30.9 $ 18.8 $ 14.6
Accounts receivable, net 498.1   431.1    
Inventories 2,002.1   2,009.1    
Other current assets 71.1   57.7    
Total current assets 2,616.7   2,528.8    
Property and equipment, net 1,122.9   1,072.4    
Intangible assets 846.1   799.9    
Equity method investments 69.3   69.7    
Other long-term assets 4.4   4.7    
Total assets 4,659.4   4,475.5    
Floor plan notes payable 1,056.5   1,070.8    
Floor plan notes payable - non-trade 624.1   620.1    
Accounts payable 512.3   443.3    
Accrued expenses 836.9   820.9    
Current portion of long-term debt 87.3   67.3    
Total current liabilities 3,117.1   3,022.4    
Long-term debt 265.3   239.6    
Deferred tax liabilities 1.0   1.4    
Other long-term liabilities 483.5   475.6    
Total liabilities 3,866.9   3,739.0    
Total equity 792.5   736.5    
Total liabilities and equity $ 4,659.4   $ 4,475.5