CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 431.9	$ 28.1
Accounts receivable, net of allowance for doubtful accounts of $6.4 and $5.7	616.3	960.3
Inventories	4,262.7	4,260.7
Other current assets	85.2	85.0
Total current assets	5,396.1	5,334.1
Property and equipment, net	2,297.9	2,366.4
Operating lease right-of-use assets	2,292.1	2,360.5
Goodwill	1,868.8	1,911.0
Other indefinite-lived intangible assets	541.0	552.2
Equity method investments	1,400.7	1,399.0
Other long-term assets	20.2	19.5
Total assets	13,816.8	13,942.7
LIABILITIES AND EQUITY
Floor plan notes payable	2,283.4	2,412.5
Floor plan notes payable - non-trade	1,605.7	1,594.0
Accounts payable	589.8	638.8
Accrued expenses and other current liabilities	645.3	701.9
Current portion of long-term debt	104.6	103.3
Liabilities held for sale	0.5	0.5
Total current liabilities	5,229.3	5,451.0
Long-term debt	2,516.1	2,257.0
Long-term operating lease liabilities	2,234.1	2,301.2
Deferred tax liabilities	702.2	677.9
Other long-term liabilities	427.6	444.0
Total liabilities	11,109.3	11,131.1
Commitments and contingent liabilities (Note 12)
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	295.9	320.4
Retained earnings	2,693.3	2,675.8
Accumulated other comprehensive income (loss)	(299.5)	(202.8)
Total Penske Automotive Group stockholders' equity	2,689.7	2,793.4
Non-controlling interest	17.8	18.2
Total equity	2,707.5	2,811.6
Total liabilities and equity	13,816.8	13,942.7
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock