CBRE Group Inc (CBRE) Financial Statements (2024 and earlier)

Company Profile

Business Address 2100 MCKINNEY AVENUE
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3182,4311,896972777752
Cash and cash equivalents1,3182,4311,896972777752
Restricted cash and investments871091431228773
Receivables5,4085,1954,4894,5613,7403,257
Prepaid expense312334295283255215
Contract with customer, asset, after allowance for credit loss392339318328307
Other current assets557372293276246227
Other undisclosed current assets4551,3041,4119931,342928
Total current assets:8,52910,0828,8467,5346,7545,453
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9111111894
Operating lease, right-of-use asset1,0331,0461,020998
Nontrade receivables523344139  
Property, plant and equipment836816815836722618
Long-term investments and receivables1,3181,196452427216238
Long-term investments1,3181,196452427216238
Intangible assets, net (including goodwill)7,0617,4055,1905,1335,0944,654
Goodwill4,8684,9953,8223,7533,6523,255
Intangible assets, net (excluding goodwill)2,1932,4091,3681,3801,4411,399
Contract with customer, asset, after allowance for credit loss137136154202 
Regulated entity, other noncurrent assets686101523
Deferred income tax assets26615792 
Other noncurrent assets1,110876747669619423
Other undisclosed noncurrent assets752085561553776
Total noncurrent assets:11,98511,9919,1948,6636,7036,031
TOTAL ASSETS:20,51322,07318,03916,19713,45711,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3353,4802,529 1,189874
Taxes payable24658 6871
Employee-related liabilities3,2342,471 1,121804
Accrued liabilities3,335     
Deferred revenue276281162 
Debt1,1301,3481,430351,332911
Self insurance reserve 323233
Contract with customer, liability82
Other liabilities226199161 9174
Other undisclosed current liabilities3,2723,1082,8596,4003,1072,744
Total current liabilities:8,2428,4197,1446,4365,8034,607
Noncurrent Liabilities
Long-term debt and lease obligation1,0862,6552,4972,8191,7672,000
Long-term debt, excluding current maturities1,0861,5381,3801,7611,7672,000
Liabilities, other than long-term debt2,5801,641838634769684
Accounts payable and accrued liabilities55558894  
Deferred income tax liabilities282405124 
Liability for uncertainty in income taxes149145 86173141
Other liabilities1,0141,036625454596543
Operating lease, liability1,0801,1171,1171,058
Other undisclosed noncurrent liabilities   5535107114
Total noncurrent liabilities:3,6664,2963,3903,4882,6442,798
Total liabilities:11,90812,71410,5339,9248,4477,404
Temporary equity, carrying amount   386   
Equity
Equity, attributable to parent7,8538,5287,0786,2334,9394,019
Common stock333333
Additional paid in capital  7991,0751,1161,1491,221
Accumulated other comprehensive loss(983)(641)(530)(680)(718)(553)
Retained earnings8,8338,3676,5305,7934,5053,348
Equity, attributable to noncontrolling interest75283142407160
Total equity:8,6069,3597,1206,2735,0104,080
TOTAL LIABILITIES AND EQUITY:20,51322,07318,03916,19713,45711,484

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues30,82827,74623,82623,89421,34014,210
Cost of revenue(24,239)(21,580)(19,048)(18,689)(16,901)(10,299)
Cost of goods and services sold     (16,449)(9,893)
Gross profit:6,5896,1674,7795,2054,4393,910
Operating expenses(672)(526)(590)(529)(3,366)(2,859)
Other undisclosed operating income (loss)(4,405)(4,003)(3,218)(3,416)1520
Operating income:1,5121,6379701,2601,0881,071
Nonoperating income (expense)(12)204172910219
Investment income, nonoperating     910
Other nonoperating income (expense)(12)2041729939
Interest and debt expense(2) (76)(3)(135)(137)
Income from continuing operations before equity method investments, income taxes:1,4981,8419121,2861,054954
Income (loss) from equity method investments229619126161325210
Other undisclosed loss from continuing operations before income taxes(69)(50)(68)(86)  
Income from continuing operations before income taxes:1,6582,4099701,3611,3791,164
Income tax expense(234)(568)(214)(70)(313)(466)
Income from continuing operations:1,4241,8427561,2911,066698
Income before gain (loss) on sale of properties:1,8427561,2911,066698
Net income:1,4241,8427561,2911,066698
Net loss attributable to noncontrolling interest(17)(5)(4)(9)(3)(6)
Net income available to common stockholders, diluted:1,4071,8377521,2821,063691

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,4241,8427561,2911,066698
Other comprehensive income (loss)(436)(123)15038(167)239
Comprehensive income:9881,7199061,330899937
Comprehensive income (loss), net of tax, attributable to noncontrolling interest787(4)(9)(2)(7)
Comprehensive income, net of tax, attributable to parent:1,0651,7269021,321897930

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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