CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 43.8	$ 39.4
Accounts receivable, net of allowance for doubtful accounts of $5.6 and $5.4	944.4	929.1
Inventories	3,978.0	4,040.1
Other current assets	109.1	86.6
Total current assets	5,075.3	5,095.2
Property and equipment, net	2,308.9	2,250.0
Operating lease right-of-use assets	2,380.9
Goodwill	1,749.3	1,752.0
Other indefinite-lived intangible assets	485.7	486.2
Equity method investments	1,342.2	1,305.2
Other long-term assets	18.8	15.9
Total assets	13,361.1	10,904.5
LIABILITIES AND EQUITY
Floor plan notes payable	2,350.3	2,362.2
Floor plan notes payable - non-trade	1,435.5	1,428.6
Accounts payable	638.5	598.2
Accrued expenses and other current liabilities	651.8	566.6
Current portion of long-term debt	93.3	92.0
Liabilities held for sale	0.5	0.7
Total current liabilities	5,169.9	5,048.3
Long-term debt	2,134.2	2,124.7
Long-term operating lease liabilities	2,330.3
Deferred tax liabilities	604.1	577.8
Other long-term liabilities	461.6	519.0
Total liabilities	10,700.1	8,269.8
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	356.5	477.8
Retained earnings	2,524.3	2,365.8
Accumulated other comprehensive income (loss)	(240.3)	(234.5)
Total Penske Automotive Group stockholders' equity	2,640.5	2,609.1
Non-controlling interest	20.5	25.6
Total equity	2,661.0	2,634.7
Total liabilities and equity	13,361.1	10,904.5
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock