Cushman & Wakefield plc (CWK) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7711,075813895
Cash and cash equivalents7711,075813895
Restricted cash and investments120895970
Receivables117152168165
Contract with customer, asset319248  
Other undisclosed current assets1,5051,3271,8201,613
Total current assets:2,8302,8912,8612,743
Noncurrent Assets
Operating lease, right-of-use asset414438491
Property, plant and equipment195 299314
Long-term investments and receivables64111589
Long-term investments64111589
Intangible assets, net (including goodwill)3,0043,0893,0322,907
Goodwill2,0822,0981,9691,779
Intangible assets, net (excluding goodwill)9229911,0631,128
Deferred income tax assets666187
Other noncurrent assets741508386490
Other undisclosed noncurrent assets 236 84
Total noncurrent assets:5,0604,4474,3033,803
TOTAL ASSETS:7,8907,3387,1636,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1061,0541,1451,048
Employee-related liabilities976721889818
Taxes payable105456043
Other undisclosed accounts payable and accrued liabilities25289197187
Debt42403940
Restructuring reserve48 7
Other liabilities20520619090
Other undisclosed current liabilities1,077757948855
Total current liabilities:2,4352,0662,3232,039
Noncurrent Liabilities
Long-term debt and lease obligation3,6153,6413,0772,644
Long-term debt, excluding current maturities3,2213,2362,6202,644
Operating lease, liability395406457
Liabilities, other than long-term debt392536462373
Deferred income tax liabilities49102110
Restructuring reserve   6
Other liabilities344433352367
Other undisclosed noncurrent liabilities   130
Total noncurrent liabilities:4,0074,1773,5403,147
Total liabilities:6,4426,2425,8625,186
Stockholders' equity
Stockholders' equity attributable to parent1,4481,0951,3011,360
Common stock22222222
Treasury stock, value  (0) 
Additional paid in capital2,8972,8432,8202,791
Accumulated other comprehensive loss(193)(243)(243)(154)
Accumulated deficit(1,278)(1,528)(1,297)(1,298)
Stockholders' equity attributable to noncontrolling interest11  
Total stockholders' equity:1,4491,0961,3011,360
TOTAL LIABILITIES AND EQUITY:7,8907,3387,1636,546

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues9,3897,8448,7518,220
Cost of revenue(7,471)(6,719)(7,278)(6,482)
Cost of goods and services sold(7,448)(6,455)(6,982) 
Gross profit:1,9181,1251,4731,738
Operating expenses(1,421)(1,178)(1,285)(1,726)
Operating income (loss):497(53)18713
Nonoperating income
(Other Nonoperating income)
13244
Interest and debt expense(180)(164)(151)(229)
Income (loss) from continuing operations before equity method investments, income taxes:319(185)40(213)
Income from equity method investments21832
Income (loss) from continuing operations before income taxes:340(177)43(211)
Income tax expense (benefit)(90)(44)(43)25
Net income (loss) available to common stockholders, diluted:250(221)0(186)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):250(221)0(186)
Other comprehensive income (loss)(1)0(88)(67)
Comprehensive income (loss):249(220)(88)(253)
Other undisclosed comprehensive income, net of tax, attributable to parent50   
Comprehensive income (loss), net of tax, attributable to parent:300(220)(88)(253)

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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