Cushman & Wakefield plc (CWK) financial statements (2021 and earlier)

Company profile

Business Address 125 OLD BROAD STREET
LONDON, EC2N 1AR
State of Incorp.
Fiscal Year End December 31
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments813400424411895939382
Cash and cash equivalents813400424411895939382
Restricted cash and investments59695352705852
Receivables168150142160165126106
Other undisclosed current assets1,8201,6701,6451,5091,6131,5011,539
Total current assets:2,8612,2902,2642,1322,7432,6242,079
Noncurrent Assets
Operating lease, right-of-use asset491   
Property, plant and equipment299288300307314296290
Long-term investments and receivables88109987
Long-term investments88109987
Intangible assets, net (including goodwill)3,0323,0243,0973,1402,9072,9382,954
Goodwill1,9691,9311,9501,9471,7791,7711,750
Intangible assets, net (excluding goodwill)1,0631,0941,1471,1931,1281,1671,204
Deferred income tax assets87   
Other noncurrent assets386460479503490500448
Other undisclosed noncurrent assets 584610616846769
Total noncurrent assets:4,3034,3654,4954,5753,8033,8093,767
TOTAL ASSETS:7,1636,6546,7596,7086,5466,4325,847
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1459589999821,048748746
Employee-related liabilities889667621580818875834
Taxes payable6094886043913
Other undisclosed accounts payable and accrued liabilities197197290342187(135)(101)
Debt39404039404140
Restructuring reserve    7912
Other liabilities19018619820190228236
Other undisclosed current liabilities948761709640855875835
Total current liabilities:2,3231,9441,9461,8622,0391,9011,869
Noncurrent Liabilities
Long-term debt and lease obligation3,0772,6252,6312,6392,6442,6473,002
Long-term debt, excluding current maturities2,6202,6252,6312,6392,6442,6473,002
Operating lease, liability457   
Liabilities, other than long-term debt462368346306373375397
Deferred income tax liabilities110   
Restructuring reserve    678
Other liabilities352368346306367368390
Other undisclosed noncurrent liabilities 482548570130101137
Total noncurrent liabilities:3,5403,4763,5253,5153,1473,1223,537
Total liabilities:5,8625,4205,4715,3775,1865,0235,406
Stockholders' equity
Stockholders' equity attributable to parent1,3011,2341,2881,3301,3601,409441
Common stock22222222222115
Treasury stock, value(0)(0)     
Additional paid in capital2,8202,8112,8142,8012,7912,7891,771
Accumulated other comprehensive loss(243)(298)(236)(175)(154)(99)(91)
Accumulated deficit(1,297)(1,300)(1,312)(1,318)(1,298)(1,302)(1,254)
Total stockholders' equity:1,3011,2341,2881,3301,3601,409441
TOTAL LIABILITIES AND EQUITY:7,1636,6546,7596,7086,5466,4325,847

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues2,6082,1192,1221,9032,4022,0761,974
Cost of revenue(2,346)(1,690)(1,691)(1,564)(1,874)(1,641)(1,636)
Gross profit:261429431339528435338
Operating expenses(138)(392)(377)(365)(479)(424)(306)
Operating income (loss):1233753(26)501133
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
00211(0)2
Interest and debt expense(38)(37)(38)(37)(40)(93)(52)
Income (loss) from continuing operations before equity method investments, income taxes:86 17(63)11(82)(18)
Income from equity method investments1111100
Income (loss) from continuing operations before income taxes:86118(62)12(82)(17)
Income tax expense (benefit)(83)11(11)41(25)33(15)
Net income (loss) available to common stockholders, diluted:3126(21)(13)(49)(32)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):3126(21)(13)(49)(32)
Other comprehensive loss    (56)(8)(28)
Other undisclosed comprehensive loss(88)      
Comprehensive income (loss):(85)126(21)(69)(56)(60)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent144(62)(62)(20)   
Comprehensive income (loss), net of tax, attributable to parent:58(50)(55)(41)(69)(56)(60)

Statements sources

The financial statements are based on the company's filings with the 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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