CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 170.3	$ 100.7
Accounts receivable, net of allowance for doubtful accounts of $5.8 and $6.8	835.2	734.0
Inventories	3,120.0	3,129.0
Other current assets	140.4	111.7
Total current assets	4,265.9	4,075.4
Property and equipment, net	2,415.3	2,442.2
Operating lease right-of-use assets	2,481.4	2,451.4
Goodwill	2,156.5	2,124.1
Other indefinite-lived intangible assets	661.0	641.5
Equity method investments	1,645.1	1,688.1
Other long-term assets	40.7	41.9
Total assets	13,665.9	13,464.6
LIABILITIES AND EQUITY
Floor plan notes payable	1,131.9	1,144.8
Floor plan notes payable — non-trade	1,416.4	1,409.9
Accounts payable	889.0	767.1
Accrued expenses and other current liabilities	896.5	870.3
Current portion of long-term debt	79.4	82.0
Liabilities held for sale	0.0	0.5
Total current liabilities	4,413.2	4,274.6
Long-term debt	1,383.9	1,392.0
Long-term operating lease liabilities	2,408.5	2,373.6
Deferred tax liabilities	1,056.9	1,060.4
Other long-term liabilities	239.0	269.0
Total liabilities	9,501.5	9,369.6
Commitments and contingent liabilities (Note 11)		0.0
Penske Automotive Group stockholders’ equity:
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	0.0	0.0
Common stock	0.0	0.0
Additional paid-in capital	0.0	42.2
Retained earnings	4,336.9	4,196.6
Accumulated other comprehensive income (loss)	(198.1)	(168.8)
Total Penske Automotive Group stockholders’ equity	4,138.8	4,070.0
Non-controlling interest	25.6	25.0
Total equity	4,164.4	4,095.0
Total liabilities and equity	13,665.9	13,464.6
Non-voting Common Stock
Penske Automotive Group stockholders’ equity:
Common stock	0.0	0.0
Class C Common Stock
Penske Automotive Group stockholders’ equity:
Common stock	$ 0.0	$ 0.0