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)

12/31/2019
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 investments972777752763540804550
Cash and cash equivalents972777752763540741492
Short-term investments     6358
Restricted cash and investments1228773697328 
Receivables4,5613,7403,2572,6512,5311,7491,486
Prepaid expense283255215184173143125
Contract with customer, asset328307
Disposal group, including discontinued operation     4 
Deferred tax assets    206 
Other current assets2762462271802218467
Other undisclosed current assets9931,3429281,2761,767506650
Total current assets:7,5346,7545,4535,1225,3053,5252,880
Noncurrent Assets
Finance lease, right-of-use asset94
Operating lease, right-of-use asset998
Nontrade receivables139     
Property, plant and equipment836722618561530498459
Long-term investments and receivables427216238232218278255
Long-term investments427216238232218278255
Intangible assets, net (including goodwill)5,1335,0944,6544,3924,5363,1363,132
Goodwill3,7533,6523,2552,9813,0862,3342,290
Intangible assets, net (excluding goodwill)1,3801,4411,3991,4111,450802841
Contract with customer, asset, net202 
Regulated entity, other noncurrent assets10152326(31)  
Other noncurrent assets669619423366293169165
Deferred tax assets, net   135  
Other undisclosed noncurrent assets1553776793142108
Total noncurrent assets:8,6636,7036,0315,6575,7134,1234,119
TOTAL ASSETS:16,19713,45711,48410,78011,0187,6476,998
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,189874831787624818
Employee-related liabilities 1,121804773705624487
Taxes payable 68715882 11
Other undisclosed accounts payable and accrued liabilities      319
Debt351,3329111,2551,785548559
Self insurance reserve2332222
Contract with customer, liability82
Other liabilities 9174103716457
Other undisclosed current liabilities6,4003,1072,7442,3352,3491,6381,170
Total current liabilities:6,4365,8034,6074,5254,9942,8762,606
Noncurrent Liabilities
Long-term debt and lease obligation2,8191,7672,0002,5482,6451,8331,798
Long-term debt, excluding current maturities1,7611,7672,0002,5482,6451,8331,798
Operating lease, liability1,058
Liabilities, other than long-term debt634769684578620618590
Pension and other postretirement defined benefit plans, liabilities68
Accounts payable and accrued liabilities94      
Deferred tax liabilities, net   100149161
Liability for uncertainty in income taxes8617314154894666
Liability, pension and other postretirement and postemployment benefits     93
Other liabilities454596543524431329295
Other undisclosed noncurrent liabilities3510711471 2068
Total noncurrent liabilities:3,4882,6442,7983,1973,2652,4702,457
Total liabilities:9,9248,4477,4047,7228,2595,3465,062
Stockholders' equity
Stockholders' equity attributable to parent6,2334,9394,0193,0142,7132,2601,896
Common stock3333333
Additional paid in capital1,1161,1491,2211,1451,1071,039982
Accumulated other comprehensive loss(680)(718)(553)(791)(486)(324)(146)
Retained earnings5,7934,5053,3482,6572,0881,5411,057
Stockholders' equity attributable to noncontrolling interest40716043464240
Total stockholders' equity:6,2735,0104,0803,0572,7592,3011,936
TOTAL LIABILITIES AND EQUITY:16,19713,45711,48410,78011,0187,6476,998

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues23,89421,34014,21013,07210,8569,0507,185
Cost of revenue(18,689)(16,901)(10,299)(78)(7,397)(5,876)(4,478)
Cost of goods and services sold (16,449)(9,893)(9,124)(7,083)(5,611)(4,189)
Amortization of mortgage servicing rights (msrs)(123)  (73) (49)39
Gross profit:5,2054,4393,91012,9933,4593,1742,707
Operating expenses(529)(3,366)(2,859)(2,781)(2,634)(2,439)(2,104)
Other undisclosed operating income (loss)(3,416)1520(9,396)115814
Operating income:1,2601,0881,071815836792616
Nonoperating income29102191335925
Investment income, nonoperating 91086(3)(2)
Gains on sales of other real estate     5814
Other nonoperating income (expense)299395(4)1214
Interest and debt expense(3)(135)(137)(145)(122)(112)(135)
Income from continuing operations before equity method investments, income taxes:1,2861,054954683717740506
Income from equity method investments16132521019716310264
Other undisclosed loss from continuing operations before income taxes(86)    (64) 
Income from continuing operations before income taxes:1,3611,3791,164881880777570
Income tax expense(70)(313)(466)(297)(321)(264)(187)
Other undisclosed loss from continuing operations      (61)
Income from continuing operations:1,2911,066698584559514322
Income from discontinued operations      27
Net income:1,2911,066698584559514349
Net loss attributable to noncontrolling interest(9)(3)(6)(12)(12)(29)(32)
Net income available to common stockholders, diluted:1,2821,063691572547485317

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,2911,066698584559514349
Other comprehensive income (loss)38(167)239(305)(162)(178)18
Comprehensive income:1,330899937279397336367
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)(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:1,321897930267385307335

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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