Newmark Group, Inc. (NMRK) Financial Statements (2024 and earlier)
Company Profile
Business Address |
125 PARK AVENUE NEW YORK, NY 10017 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 6531 - Real Estate Agents and Managers (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
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ASSETS | ||||||||
Current Assets | ||||||||
Cash, cash equivalents, and short-term investments | 234 | 716 | 225 | 200 | 171 | |||
Cash and cash equivalents | 233 | 191 | 191 | 164 | 122 | |||
Short-term investments | 1 | 525 | 33 | 37 | 49 | |||
Restricted cash and investments | 80 | 75 | 67 | 58 | 65 | |||
Receivables | (21) | (12) | 4 | |||||
Other current assets | 100 | 83 | 64 | 91 | 58 | |||
Other undisclosed current assets | 683 | 1,650 | 1,464 | 735 | 1,459 | |||
Total current assets: | 1,076 | 2,524 | 1,819 | 1,074 | 1,757 | |||
Noncurrent Assets | ||||||||
Operating lease, right-of-use asset | 639 | 607 | 190 | 202 | ✕ | |||
Property, plant and equipment | 156 | 136 | 96 | 98 | 79 | |||
Long-term investments and receivables | 501 | 453 | 454 | 404 | 286 | |||
Due from related parties | ✕ | 501 | 453 | 454 | 404 | 286 | ||
Intangible assets, net (including goodwill) | 787 | 733 | 605 | 603 | 551 | |||
Goodwill | 706 | 657 | 560 | 558 | 515 | |||
Intangible assets, net (excluding goodwill) | 81 | 76 | 44 | 45 | 36 | |||
Other noncurrent assets | 214 | 212 | 323 | 408 | 370 | |||
Other receivable, after allowance for credit loss | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Other undisclosed noncurrent assets | 569 | 550 | 495 | 414 | 412 | |||
Total noncurrent assets: | 2,865 | 2,692 | 2,163 | 2,128 | 1,697 | |||
TOTAL ASSETS: | 3,941 | 5,216 | 3,982 | 3,202 | 3,454 | |||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities | 392 | 519 | 306 | 413 | 444 | |||
Taxes payable | ✕ | ✕ | 56 | 26 | 69 | 78 | ||
Employee-related liabilities | ✕ | ✕ | 463 | 280 | 344 | 367 | ||
Accrued liabilities | 392 | |||||||
Debt | 685 | 1,051 | 1,061 | 237 | 972 | |||
Derivative instruments and hedges, liabilities | 9 | 5 | 18 | 26 | 17 | |||
Securities loaned | 140 | 33 | 37 | |||||
Business combination, contingent consideration, liability | 0 | 9 | 17 | 13 | 4 | |||
Due to related parties | ✕ | 14 | ||||||
Other undisclosed current liabilities | 489 | 470 | 270 | 320 | 213 | |||
Total current liabilities: | 1,576 | 2,193 | 1,705 | 1,045 | 1,665 | |||
Noncurrent Liabilities | ||||||||
Long-term debt and lease obligation | 1,131 | 899 | 817 | 538 | ||||
Long-term debt, excluding current maturities | 545 | 680 | 589 | 538 | ||||
Liabilities, other than long-term debt | 823 | 207 | 437 | 377 | 169 | |||
Other liabilities | 196 | 207 | 437 | 377 | 169 | |||
Operating lease, liability | 627 | 586 | 219 | 228 | ✕ | |||
Total noncurrent liabilities: | 823 | 1,338 | 1,336 | 1,194 | 707 | |||
Total liabilities: | 2,399 | 3,531 | 3,041 | 2,239 | 2,371 | |||
Temporary equity, carrying amount | 17 | 21 | 20 | 22 | 26 | |||
Equity | ||||||||
Equity, attributable to parent, including: | 1,181 | 1,278 | 655 | 600 | 568 | |||
Additional paid in capital | 585 | 487 | 351 | 318 | 285 | |||
Accumulated other comprehensive loss | (12) | (3) | (2) | |||||
Retained earnings | 1,145 | 1,080 | 343 | 313 | 278 | |||
Other undisclosed equity, attributable to parent | (536) | (286) | (37) | (32) | 5 | |||
Equity, attributable to noncontrolling interest | 344 | 386 | 266 | 341 | 489 | |||
Total equity: | 1,525 | 1,664 | 921 | 941 | 1,057 | |||
TOTAL LIABILITIES AND EQUITY: | 3,941 | 5,216 | 3,982 | 3,202 | 3,454 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
---|---|---|---|---|---|---|---|
Revenues | 2,706 | 2,906 | 1,905 | 2,218 | 2,048 | ||
Brokerage commissions revenue | ✕ | ✕ | 1,286 | ||||
Gain on disposition of assets for financial service operations | 358 | 225 | 311 | 198 | 182 | ||
Cost of revenue | (1,722) | (2,209) | (1,301) | (1,560) | (1,409) | ||
Cost of goods and services sold | (1,555) | (1,829) | (1,147) | (1,276) | (1,156) | ||
Gross profit: | 984 | 697 | 604 | 658 | 638 | ||
Operating expenses | (701) | (675) | (436) | (493) | (433) | ||
Other operating income, net | 127 | ||||||
Other undisclosed operating income (loss) | (98) | 1,232 | 15 | 81 | |||
Operating income: | 186 | 1,255 | 184 | 246 | 333 | ||
Income from continuing operations before equity method investments, income taxes: | 186 | 1,255 | 184 | 246 | 333 | ||
Other undisclosed loss from continuing operations before income taxes | (31) | (33) | (38) | (32) | (50) | ||
Income from continuing operations before income taxes: | 155 | 1,221 | 146 | 214 | 282 | ||
Income tax expense | (42) | (243) | (37) | (52) | (90) | ||
Income from continuing operations: | 113 | 978 | 109 | 162 | 192 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 978 | 109 | 162 | 192 | |
Net income: | 113 | 978 | 109 | 162 | 192 | ||
Other undisclosed net loss attributable to parent | (29) | (227) | (29) | (44) | (85) | ||
Net income attributable to parent: | 83 | 751 | 80 | 117 | 107 | ||
Preferred stock dividends and other adjustments | (13) | ||||||
Other undisclosed net income (loss) available to common stockholders, basic | (6) | (10) | 0 | (5) | |||
Net income available to common stockholders, basic: | 83 | 745 | 70 | 104 | 102 | ||
Other undisclosed net income available to common stockholders, diluted | 27 | 4 | 4 | ||||
Net income available to common stockholders, diluted: | 110 | 745 | 70 | 108 | 106 |
Comprehensive Income ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
---|---|---|---|---|---|---|---|
Net income: | 113 | 978 | 109 | 162 | 192 | ||
Other comprehensive income (loss) | (11) | (1) | (2) | ||||
Other undisclosed comprehensive loss | |||||||
Comprehensive income: | 102 | 977 | 107 | 162 | 192 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | (27) | (227) | (29) | (44) | (85) | ||
Comprehensive income, net of tax, attributable to parent: | 74 | 750 | 78 | 117 | 107 |
Statements Sources
The financial statements are based on the Company's filings with 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.