CBRE Group Inc (CBRE) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4311,896972777752763540
Cash and cash equivalents2,4311,896972777752763540
Restricted cash and investments10914312287736973
Receivables5,1954,4894,5613,7403,2572,6512,531
Prepaid expense334295283255215184173
Contract with customer, asset339318328307
Other current assets372293276246227180221
Other undisclosed current assets1,3041,4119931,3429281,2761,767
Total current assets:10,0828,8467,5346,7545,4535,1225,305
Noncurrent Assets
Finance lease, right-of-use asset11111894
Operating lease, right-of-use asset1,0461,020998
Nontrade receivables3344139    
Property, plant and equipment816815836722618561530
Long-term investments and receivables1,196452427216238232218
Long-term investments1,196452427216238232218
Intangible assets, net (including goodwill)7,4055,1905,1335,0944,6544,3924,536
Goodwill4,9953,8223,7533,6523,2552,9813,086
Intangible assets, net (excluding goodwill)2,4091,3681,3801,4411,3991,4111,450
Contract with customer, asset, net136154202 
Regulated entity, other noncurrent assets8610152326(31)
Deferred income tax assets15792 
Other noncurrent assets876747669619423366293
Deferred tax assets, net   135
Other undisclosed noncurrent assets20855615537767931
Total noncurrent assets:11,9919,1948,6636,7036,0315,6575,713
TOTAL ASSETS:22,07318,03916,19713,45711,48410,78011,018
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4802,529 1,189874831787
Employee-related liabilities3,2342,471 1,121804773705
Taxes payable24658 68715882
Deferred revenue281162 
Debt1,3481,430351,3329111,2551,785
Self insurance reserve2323322
Contract with customer, liability82
Other liabilities199161 917410371
Other undisclosed current liabilities3,1082,8596,4003,1072,7442,3352,349
Total current liabilities:8,4197,1446,4365,8034,6074,5254,994
Noncurrent Liabilities
Long-term debt and lease obligation2,6552,4972,8191,7672,0002,5482,645
Long-term debt, excluding current maturities1,5381,3801,7611,7672,0002,5482,645
Operating lease, liability1,1171,1171,058
Liabilities, other than long-term debt1,641838634769684578620
Accounts payable and accrued liabilities558894    
Deferred tax liabilities, net   100
Deferred income tax liabilities405124 
Liability for uncertainty in income taxes145 861731415489
Other liabilities1,036625454596543524431
Other undisclosed noncurrent liabilities 553510711471 
Total noncurrent liabilities:4,2963,3903,4882,6442,7983,1973,265
Total liabilities:12,71410,5339,9248,4477,4047,7228,259
Temporary equity, carrying amount 386     
Stockholders' equity
Stockholders' equity attributable to parent8,5287,0786,2334,9394,0193,0142,713
Common stock3333333
Additional paid in capital7991,0751,1161,1491,2211,1451,107
Accumulated other comprehensive loss(641)(530)(680)(718)(553)(791)(486)
Retained earnings8,3676,5305,7934,5053,3482,6572,088
Stockholders' equity attributable to noncontrolling interest831424071604346
Total stockholders' equity:9,3597,1206,2735,0104,0803,0572,759
TOTAL LIABILITIES AND EQUITY:22,07318,03916,19713,45711,48410,78011,018

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues27,74623,82623,89421,34014,21013,07210,856
Cost of revenue(21,580)(19,048)(18,689)(16,901)(10,299)(78)(7,397)
Cost of goods and services sold   (16,449)(9,893)(9,124)(7,083)
Amortization of mortgage servicing rights (msrs)(172)(134)(123)  (73) 
Gross profit:6,1674,7795,2054,4393,91012,9933,459
Operating expenses(526)(590)(529)(3,366)(2,859)(2,781)(2,634)
Other undisclosed operating income (loss)(4,003)(3,218)(3,416)1520(9,396)11
Operating income:1,6379701,2601,0881,071815836
Nonoperating income204172910219133
Investment income, nonoperating   91086
Other nonoperating income (expense)20417299395(4)
Interest and debt expense (76)(3)(135)(137)(145)(122)
Income from continuing operations before equity method investments, income taxes:1,8419121,2861,054954683717
Income from equity method investments619126161325210197163
Other undisclosed loss from continuing operations before income taxes(50)(68)(86)    
Income from continuing operations before income taxes:2,4099701,3611,3791,164881880
Income tax expense(568)(214)(70)(313)(466)(297)(321)
Net income:1,8427561,2911,066698584559
Net loss attributable to noncontrolling interest(5)(4)(9)(3)(6)(12)(12)
Net income available to common stockholders, diluted:1,8377521,2821,063691572547

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,8427561,2911,066698584559
Other comprehensive income (loss)(123)15038(167)239(305)(162)
Comprehensive income:1,7199061,330899937279397
Comprehensive income (loss), net of tax, attributable to noncontrolling interest7(4)(9)(2)(7)(12)(12)
Comprehensive income, net of tax, attributable to parent:1,7269021,321897930267385

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: