Cushman & Wakefield plc (CWK) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,075813895
Cash and cash equivalents1,075813895
Restricted cash and investments895970
Receivables152168165
Contract with customer, asset248  
Other undisclosed current assets1,3271,8201,613
Total current assets:2,8912,8612,743
Noncurrent Assets
Operating lease, right-of-use asset438491
Property, plant and equipment 299314
Long-term investments and receivables11589
Long-term investments11589
Intangible assets, net (including goodwill)3,0893,0322,907
Goodwill2,0981,9691,779
Intangible assets, net (excluding goodwill)9911,0631,128
Deferred income tax assets6187
Other noncurrent assets508386490
Other undisclosed noncurrent assets236 84
Total noncurrent assets:4,4474,3033,803
TOTAL ASSETS:7,3387,1636,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0541,1451,048
Employee-related liabilities721889818
Taxes payable456043
Other undisclosed accounts payable and accrued liabilities289197187
Debt403940
Restructuring reserve8 7
Other liabilities20619090
Other undisclosed current liabilities757948855
Total current liabilities:2,0662,3232,039
Noncurrent Liabilities
Long-term debt and lease obligation3,6413,0772,644
Long-term debt, excluding current maturities3,2362,6202,644
Operating lease, liability406457
Liabilities, other than long-term debt536462373
Deferred income tax liabilities102110
Restructuring reserve  6
Other liabilities433352367
Other undisclosed noncurrent liabilities  130
Total noncurrent liabilities:4,1773,5403,147
Total liabilities:6,2425,8625,186
Stockholders' equity
Stockholders' equity attributable to parent1,0951,3011,360
Common stock222222
Treasury stock, value (0) 
Additional paid in capital2,8432,8202,791
Accumulated other comprehensive loss(243)(243)(154)
Accumulated deficit(1,528)(1,297)(1,298)
Stockholders' equity attributable to noncontrolling interest1  
Total stockholders' equity:1,0961,3011,360
TOTAL LIABILITIES AND EQUITY:7,3387,1636,546

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

12/31/2020
12/31/2019
12/31/2018
Revenues7,8448,7518,220
Cost of revenue(6,719)(7,278)(6,482)
Cost of goods and services sold(6,455)(6,982) 
Gross profit:1,1251,4731,738
Operating expenses(1,178)(1,285)(1,726)
Operating income (loss):(53)18713
Nonoperating income
(Other Nonoperating income)
3244
Interest and debt expense(164)(151)(229)
Income (loss) from continuing operations before equity method investments, income taxes:(185)40(213)
Income from equity method investments832
Income (loss) from continuing operations before income taxes:(177)43(211)
Income tax expense (benefit)(44)(43)25
Net income (loss) available to common stockholders, diluted:(221)0(186)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income (loss):(221)0(186)
Other comprehensive income (loss)0(88)(67)
Comprehensive loss, net of tax, attributable to parent:(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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