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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2611,2311,3181,1251,1931,657
Cash and cash equivalents1,2611,2311,3181,1251,1931,657
Restricted cash and investments96888798138135
Receivables5,7455,6105,4084,9565,1445,117
Prepaid expense353329312312350334
Contract with customer, asset, after allowance for credit loss370384392373345352
Other current assets635611557534669543
Other undisclosed current assets1,0107924551,1911,0341,195
Total current assets:9,4709,0468,5298,5908,8729,334
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9991918693108
Operating lease, right-of-use asset9849811,0339931,0401,030
Nontrade receivables665952464138
Property, plant and equipment849833836768779793
Long-term investments and receivables1,3071,2951,3181,4611,2021,124
Long-term investments1,3071,2951,3181,4611,2021,124
Intangible assets, net (including goodwill)7,1747,0877,0616,8077,0517,316
Goodwill5,0444,9344,8684,6614,7954,977
Intangible assets, net (excluding goodwill)2,1302,1532,1932,1462,2572,339
Contract with customer, asset, after allowance for credit loss140139137131148134
Regulated entity, other noncurrent assets866   
Deferred income tax assets306275266156158143
Other noncurrent assets1,2241,1351,1101,025913870
Other undisclosed noncurrent assets1068475151141254
Total noncurrent assets:12,26211,98411,98511,62511,56611,810
TOTAL ASSETS:21,73221,03020,51320,21520,43921,143
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5482,5363,3355,6425,4782,754
Taxes payable120178269
Employee-related liabilities2,7012,5612,485
Accrued liabilities2,5482,5363,3352,8212,739 
Deferred revenue264262276314282296
Debt1,5862,0091,1301,4981,3661,413
Self insurance reserve   3   
Other liabilities189236226205187224
Other undisclosed current liabilities3,5653,6743,272963113,103
Total current liabilities:8,1538,7178,2427,7567,6247,790
Noncurrent Liabilities
Long-term debt and lease obligation2,0601,0861,0862,5432,5992,631
Long-term debt, excluding current maturities2,0601,0861,0861,4771,5031,526
Liabilities, other than long-term debt2,6262,5842,5801,2771,3211,439
Accounts payable and accrued liabilities305555555555
Deferred income tax liabilities280277282284270310
Liability for uncertainty in income taxes139155149134128124
Other liabilities1,1251,0451,014804869950
Operating lease, liability1,0511,0531,0801,0661,0951,105
Total noncurrent liabilities:4,6853,6703,6663,8203,9204,070
Total liabilities:12,83812,38811,90811,57611,54411,860
Equity
Equity, attributable to parent8,0987,8607,8537,9368,1368,470
Common stock333333
Additional paid in capital 13    409
Accumulated other comprehensive loss(929)(953)(983)(1,223)(952)(701)
Retained earnings9,0118,8108,8339,1569,0848,759
Equity, attributable to noncontrolling interest796783752704759813
Total equity:8,8948,6428,6068,6408,8959,283
TOTAL LIABILITIES AND EQUITY:21,73221,03020,51320,21520,43921,143

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues7,7207,4118,1947,5307,7717,333
Cost of revenue(6,179)(6,006)(6,499)(5,934)(6,054)(5,752)
Gross profit:1,5401,4051,6961,5951,7171,581
Operating expenses(154)(161)(182)(142)(189)(159)
Other undisclosed operating loss(1,080)(1,206)(1,270)(1,079)(1,012)(1,044)
Operating income:30637244374517377
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6228(7)(14)
Interest and debt expense   0(2)  
Income from continuing operations before equity method investments, income taxes:31240245380510362
Income (loss) from equity method investments(8)142(167)23411943
Other undisclosed loss from continuing operations before income taxes(43)(28)(18)(20)(19)(13)
Income from continuing operations before income taxes:26215361594611393
Income tax expense (benefit)(55)(28)25(143)(121)4
Income from continuing operations:20612586452490396
Income before gain (loss) on sale of properties:452490396
Net income:20612586452490396
Net loss attributable to noncontrolling interest(5)(8)(5)(5)(3)(4)
Net income available to common stockholders, diluted:20111781447487392

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:20612586452490396
Other comprehensive income (loss)3743283(331)(306)(83)
Comprehensive income:243168370121184313
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(17)(22)(48)545318
Comprehensive income, net of tax, attributable to parent:226147321175237332

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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