CBRE Group, Inc. (CBRE) financial statements (2021 and earlier)

Company profile

Business Address 2100 MCKINNEY AVENUE
DALLAS, TX 75201
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,896972777752763540804
Cash and cash equivalents1,896972777752763540741
Short-term investments      63
Restricted cash and investments1431228773697328
Receivables4,4894,5613,7403,2572,6512,5311,749
Prepaid expense295283255215184173143
Contract with customer, asset318328307
Disposal group, including discontinued operation      4
Deferred tax assets    206
Other current assets29327624622718022184
Other undisclosed current assets1,4119931,3429281,2761,767506
Total current assets:8,8467,5346,7545,4535,1225,3053,525
Noncurrent Assets
Finance lease, right-of-use asset11894
Operating lease, right-of-use asset1,020998
Nontrade receivables44139     
Property, plant and equipment815836722618561530498
Long-term investments and receivables452427216238232218278
Long-term investments452427216238232218278
Intangible assets, net (including goodwill)5,1905,1335,0944,6544,3924,5363,136
Goodwill3,8223,7533,6523,2552,9813,0862,334
Intangible assets, net (excluding goodwill)1,3681,3801,4411,3991,4111,450802
Contract with customer, asset, net154202 
Regulated entity, other noncurrent assets610152326(31) 
Deferred income tax assets92 
Other noncurrent assets747669619423366293169
Deferred tax assets, net   135 
Other undisclosed noncurrent assets5561553776793142
Total noncurrent assets:9,1948,6636,7036,0315,6575,7134,123
TOTAL ASSETS:18,03916,19713,45711,48410,78011,0187,647
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,529 1,189874831787624
Employee-related liabilities2,471 1,121804773705624
Taxes payable58 68715882 
Deferred revenue162 
Debt1,430351,3329111,2551,785548
Self insurance reserve3233222
Contract with customer, liability82
Other liabilities161 91741037164
Other undisclosed current liabilities2,8596,4003,1072,7442,3352,3491,638
Total current liabilities:7,1446,4365,8034,6074,5254,9942,876
Noncurrent Liabilities
Long-term debt and lease obligation2,4972,8191,7672,0002,5482,6451,833
Long-term debt, excluding current maturities1,3801,7611,7672,0002,5482,6451,833
Operating lease, liability1,1171,058
Liabilities, other than long-term debt838634769684578620618
Accounts payable and accrued liabilities8894     
Deferred tax liabilities, net   100149
Deferred income tax liabilities124 
Liability for uncertainty in income taxes 86173141548946
Liability, pension and other postretirement and postemployment benefits      93
Other liabilities625454596543524431329
Other undisclosed noncurrent liabilities553510711471 20
Total noncurrent liabilities:3,3903,4882,6442,7983,1973,2652,470
Total liabilities:10,5339,9248,4477,4047,7228,2595,346
Temporary equity, carrying amount386      
Stockholders' equity
Stockholders' equity attributable to parent7,0786,2334,9394,0193,0142,7132,260
Common stock3333333
Additional paid in capital1,0751,1161,1491,2211,1451,1071,039
Accumulated other comprehensive loss(530)(680)(718)(553)(791)(486)(324)
Retained earnings6,5305,7934,5053,3482,6572,0881,541
Stockholders' equity attributable to noncontrolling interest42407160434642
Total stockholders' equity:7,1206,2735,0104,0803,0572,7592,301
TOTAL LIABILITIES AND EQUITY:18,03916,19713,45711,48410,78011,0187,647

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues23,82623,89421,34014,21013,07210,8569,050
Cost of revenue(19,048)(18,689)(16,901)(10,299)(78)(7,397)(5,876)
Cost of goods and services sold  (16,449)(9,893)(9,124)(7,083)(5,611)
Amortization of mortgage servicing rights (msrs)(134)(123)  (73) (49)
Gross profit:4,7795,2054,4393,91012,9933,4593,174
Operating expenses(590)(529)(3,366)(2,859)(2,781)(2,634)(2,439)
Other undisclosed operating income (loss)(3,218)(3,416)1520(9,396)1158
Operating income:9701,2601,0881,071815836792
Nonoperating income17291021913359
Investment income, nonoperating  91086(3)
Gains on sales of other real estate      58
Other nonoperating income (expense)17299395(4)12
Interest and debt expense(76)(3)(135)(137)(145)(122)(112)
Income from continuing operations before equity method investments, income taxes:9121,2861,054954683717740
Income from equity method investments126161325210197163102
Other undisclosed loss from continuing operations before income taxes(68)(86)    (64)
Income from continuing operations before income taxes:9701,3611,3791,164881880777
Income tax expense(214)(70)(313)(466)(297)(321)(264)
Net income:7561,2911,066698584559514
Net loss attributable to noncontrolling interest(4)(9)(3)(6)(12)(12)(29)
Net income available to common stockholders, diluted:7521,2821,063691572547485

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:7561,2911,066698584559514
Other comprehensive income (loss)15038(167)239(305)(162)(178)
Comprehensive income:9061,330899937279397336
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(9)(2)(7)(12)(12)(29)
Comprehensive income, net of tax, attributable to parent:9021,321897930267385307

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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