Cushman & Wakefield plc (CWK) Financial Statements (2024 and earlier)

Company Profile

Business Address 125 OLD BROAD STREET
LONDON, EC2N 1AR
State of Incorp.
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6457711,075813895
Cash and cash equivalents6457711,075813895
Restricted cash and investments75120895970
Receivables375117152168165
Prepaid expense     
Contract with customer, asset, after allowance for credit loss358319248  
Other undisclosed current assets1,3151,5051,3271,8201,613
Total current assets:2,7672,8302,8912,8612,743
Noncurrent Assets
Operating lease, right-of-use asset358414438491
Property, plant and equipment173195 299314
Long-term investments and receivables67764111589
Long-term investments67764111589
Intangible assets, net (including goodwill)2,9403,0043,0893,0322,907
Goodwill2,0662,0822,0981,9691,779
Intangible assets, net (excluding goodwill)8759229911,0631,128
Deferred income tax assets59666187
Other noncurrent assets976741508386490
Other undisclosed noncurrent assets   236 84
Total noncurrent assets:5,1835,0604,4474,3033,803
TOTAL ASSETS:7,9497,8907,3387,1636,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1991,1061,0541,1451,048
Taxes payable105456043
Employee-related liabilities976721889818
Accrued liabilities950    
Other undisclosed accounts payable and accrued liabilities24925289197187
Debt5042403940
Restructuring reserve648 7
Other liabilities19220520619090
Other undisclosed current liabilities9441,077757948855
Total current liabilities:2,3902,4352,0662,3232,039
Noncurrent Liabilities
Long-term debt and lease obligation3,2123,6153,6413,0772,644
Long-term debt, excluding current maturities3,2123,2213,2362,6202,644
Liabilities, other than long-term debt685392536462373
Deferred income tax liabilities5749102110
Restructuring reserve     6
Other liabilities293344433352367
Operating lease, liability335395406457
Other undisclosed noncurrent liabilities     130
Total noncurrent liabilities:3,8974,0074,1773,5403,147
Total liabilities:6,2876,4426,2425,8625,186
Equity
Equity, attributable to parent1,6611,4481,0951,3011,360
Common stock2322222222
Treasury stock, value    (0) 
Additional paid in capital2,9122,8972,8432,8202,791
Accumulated other comprehensive loss(191)(193)(243)(243)(154)
Accumulated deficit(1,082)(1,278)(1,528)(1,297)(1,298)
Equity, attributable to noncontrolling interest111  
Total equity:1,6621,4491,0961,3011,360
TOTAL LIABILITIES AND EQUITY:7,9497,8907,3387,1636,546

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
Revenues10,1069,3897,8448,7518,220
Cost of revenue(8,160)(7,471)(6,719)(7,278)(6,482)
Cost of goods and services sold(8,154)(7,448)(6,455)(6,982) 
Gross profit:1,9461,9181,1251,4731,738
Operating expenses(1,411)(1,421)(1,178)(1,285)(1,726)
Operating income (loss):535497(53)18713
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(89)13244
Interest and debt expense(193)(180)(164)(151)(229)
Income (loss) from continuing operations before equity method investments, income taxes:253319(185)40(213)
Income from equity method investments8521832
Income (loss) from continuing operations before income taxes:338340(177)43(211)
Income tax expense (benefit)(142)(90)(44)(43)25
Income (loss) from continuing operations:196250(221)0(186)
Income (loss) before gain (loss) on sale of properties:250(221)0(186)
Net income (loss) available to common stockholders, diluted:196250(221)0(186)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):196250(221)0(186)
Other comprehensive income (loss)  (1)0(88)(67)
Comprehensive income (loss):196249(220)(88)(253)
Other undisclosed comprehensive income, net of tax, attributable to parent250   
Comprehensive income (loss), net of tax, attributable to parent:198300(220)(88)(253)

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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