CBRE Group, Inc. (CBRE) financial statements (2020 and earlier)

Company profile

Business Address 400 SOUTH HOPE STREET
LOS ANGELES, CA 90071
State of Incorp. DE
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments577777752763540804550
Cash and cash equivalents577777752763540741492
Short-term investments     6358
Restricted cash and investments1258773697328 
Receivables4,0963,7403,2572,6512,5311,7491,486
Prepaid expense283255215184173143125
Contract with customer, asset349307
Disposal group, including discontinued operation     4 
Deferred tax assets    206 
Other current assets2642462271802218467
Other undisclosed current assets1,3651,3429281,2761,767506650
Total current assets:7,0596,7545,4535,1225,3053,5252,880
Noncurrent Assets
Finance lease, right-of-use asset80
Operating lease, right-of-use asset980
Property, plant and equipment782722618561530498459
Long-term investments and receivables329216238232218278255
Long-term investments329216238232218278255
Intangible assets, net (including goodwill)4,9535,0944,6544,3924,5363,1363,132
Goodwill3,6273,6523,2552,9813,0862,3342,290
Intangible assets, net (excluding goodwill)1,3261,4411,3991,4111,450802841
Regulated entity, other noncurrent assets11152326(31)  
Other noncurrent assets795619423366293169165
Deferred tax assets, net   135  
Other undisclosed noncurrent assets523776793142108
Total noncurrent assets:7,9826,7036,0315,6575,7134,1234,119
TOTAL ASSETS:15,04113,45711,48410,78011,0187,6476,998
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9001,189874831787624818
Employee-related liabilities8691,121804773705624487
Taxes payable3168715882 11
Other undisclosed accounts payable and accrued liabilities      319
Deferred revenue111
Debt1,6001,3329111,2551,785548559
Self insurance reserve 332222
Contract with customer, liability82
Other liabilities1319174103716457
Other undisclosed current liabilities3,2863,1072,7442,3352,3491,6381,170
Total current liabilities:6,0285,8034,6074,5254,9942,8762,606
Noncurrent Liabilities
Long-term debt and lease obligation2,7881,7672,0002,5482,6451,8331,798
Long-term debt, excluding current maturities1,7481,7672,0002,5482,6451,8331,798
Operating lease, liability1,040
Liabilities, other than long-term debt645769684578620618590
Pension and other postretirement defined benefit plans, liabilities68
Deferred tax liabilities, net   100149161
Liability for uncertainty in income taxes20817314154894666
Liability, pension and other postretirement and postemployment benefits     93
Other liabilities437596543524431329295
Other undisclosed noncurrent liabilities2110711471 2068
Total noncurrent liabilities:3,4542,6442,7983,1973,2652,4702,457
Total liabilities:9,4828,4477,4047,7228,2595,3465,062
Stockholders' equity
Stockholders' equity attributable to parent5,5124,9394,0193,0142,7132,2601,896
Common stock3333333
Additional paid in capital1,1401,1491,2211,1451,1071,039982
Accumulated other comprehensive loss(787)(718)(553)(791)(486)(324)(146)
Retained earnings5,1564,5053,3482,6572,0881,5411,057
Stockholders' equity attributable to noncontrolling interest47716043464240
Total stockholders' equity:5,5595,0104,0803,0572,7592,3011,936
TOTAL LIABILITIES AND EQUITY:15,04113,45711,48410,78011,0187,6476,998

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues23,06821,34014,21013,07210,8569,0507,185
Cost of revenue(18,345)(16,901)(10,299)(78)(7,397)(5,876)(4,478)
Cost of goods and services sold(17,927)(16,449)(9,893)(9,124)(7,083)(5,611)(4,189)
Amortization of mortgage servicing rights (msrs)   (73) (49)39
Gross profit:4,7234,4393,91012,9933,4593,1742,707
Operating expenses(2,730)(3,366)(2,859)(2,781)(2,634)(2,439)(2,104)
Other undisclosed operating income (loss)(788)1520(9,396)115814
Operating income:1,2051,0881,071815836792616
Nonoperating income28102191335925
Investment income, nonoperating491086(3)(2)
Gains on sales of other real estate     5814
Other nonoperating income (expense)249395(4)1214
Interest and debt expense(50)(135)(137)(145)(122)(112)(135)
Income from continuing operations before equity method investments, income taxes:1,1831,054954683717740506
Income from equity method investments18232521019716310264
Other undisclosed loss from continuing operations before income taxes(46)    (64) 
Income from continuing operations before income taxes:1,3181,3791,164881880777570
Income tax expense(271)(313)(466)(297)(321)(264)(187)
Other undisclosed loss from continuing operations      (61)
Income from continuing operations:1,0471,066698584559514322
Income from discontinued operations      27
Net income:1,0471,066698584559514349
Net loss attributable to noncontrolling interest(8)(3)(6)(12)(12)(29)(32)
Net income available to common stockholders, diluted:1,0391,063691572547485317

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,0471,066698584559514349
Other comprehensive income (loss)(109)(167)239(305)(162)(178)18
Comprehensive income:938899937279397336367
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(2)(7)(12)(12)(29)31
Other undisclosed comprehensive loss, net of tax, attributable to parent      (63)
Comprehensive income, net of tax, attributable to parent:930897930267385307335

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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