4. Business Combinations

During the nine months ended September 30, 2018, we acquired The Car People, a stand-alone specialty retailer of used vehicles in the U.K. representing four locations; acquired four retail automotive franchises; and acquired one retail commercial truck dealership. During the nine months ended September 30, 2017, we acquired CarSense, a stand-alone specialty retailer of used vehicles in the U.S. representing five locations, acquired CarShop, a stand-alone specialty retailer of used vehicles in the U.K. representing five retail locations and a vehicle preparation center, and acquired eight retail automotive franchises. Our financial statements include the results of operations of the acquired entities from the date of acquisition. The fair value of the assets acquired and liabilities assumed have been recorded in our consolidated condensed financial statements, and may be subject to adjustment pending completion of final valuation. A summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the nine months ended September 30, 2018 and 2017 follows:


	September 30,
	2018		2017
Accounts receivable	$	3.6	$	11.1
Inventories		62.8		139.9
Other current assets		—		2.9
Property and equipment		52.6		21.8
Indefinite-lived intangibles		73.9		366.9
Other noncurrent assets		—		0.1
Current liabilities		(16.9)		(33.6)
Noncurrent liabilities		(0.6)		(3.2)
Total consideration		175.4		505.9
Deferred consideration		(6.8)		—
Consideration transferred through common stock issuance		—		(32.4)
Contingent consideration		—		(20.0)
Seller financed/assumed debt		—		(3.8)
Total cash used in acquisitions	$	168.6	$	449.7

The following unaudited consolidated pro forma results of operations of PAG for the three and nine months ended September 30, 2018 and 2017 give effect to acquisitions consummated during 2018 and 2017 as if they had occurred effective at the beginning of the periods:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Revenues	$	5,658.6	$	5,621.8	$	17,365.7	$	16,432.4
Income from continuing operations		130.1		95.4		372.7		288.9
Net income		130.2		95.5		373.0		288.6
Income from continuing operations per diluted common share	$	1.53	$	1.11	$	4.37	$	3.36
Net income per diluted common share	$	1.53	$	1.11	$	4.37	$	3.36