CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 77.5	$ 39.4
Accounts receivable, net of allowance for doubtful accounts of $5.6 and $5.4	967.3	929.1
Inventories	4,043.9	4,040.1
Other current assets	98.8	86.6
Total current assets	5,187.5	5,095.2
Property and equipment, net	2,309.3	2,250.0
Operating lease right-of-use assets	2,384.4
Goodwill	1,876.5	1,752.0
Other indefinite-lived intangible assets	547.4	486.2
Equity method investments	1,362.8	1,305.2
Other long-term assets	21.6	15.9
Total assets	13,689.5	10,904.5
LIABILITIES AND EQUITY
Floor plan notes payable	2,444.1	2,362.2
Floor plan notes payable - non-trade	1,410.6	1,428.6
Accounts payable	672.3	598.2
Accrued expenses and other current liabilities	722.2	566.6
Current portion of long-term debt	96.8	92.0
Liabilities held for sale	0.5	0.7
Total current liabilities	5,346.5	5,048.3
Long-term debt	2,282.5	2,124.7
Long-term operating lease liabilities	2,334.7
Deferred tax liabilities	620.7	577.8
Other long-term liabilities	446.0	519.0
Total liabilities	11,030.4	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	317.2	477.8
Retained earnings	2,607.7	2,365.8
Accumulated other comprehensive income (loss)	(286.0)	(234.5)
Total Penske Automotive Group stockholders' equity	2,638.9	2,609.1
Non-controlling interest	20.2	25.6
Total equity	2,659.1	2,634.7
Total liabilities and equity	13,689.5	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