Newmark Group, Inc. (NMRK) financial statements (2023 and earlier)

Company profile

Business Address 125 PARK AVENUE
NEW YORK, NY 10017
State of Incorp. DE
Fiscal Year End December 31
SIC 6531 - Real Estate Agents and Managers (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 investments716  171
Cash and cash equivalents191  122
Short-term investments525  49
Restricted cash and investments75  65
Receivables   4
Other current assets83  58
Other undisclosed current assets1,650  1,459
Total current assets:2,524  1,757
Noncurrent Assets
Operating lease, right-of-use asset607  
Property, plant and equipment136  79
Long-term investments and receivables453  286
Due from related parties453  286
Intangible assets, net (including goodwill)733  551
Goodwill657  515
Intangible assets, net (excluding goodwill)76  36
Other noncurrent assets212  370
Other undisclosed noncurrent assets550  412
Total noncurrent assets:2,692  1,697
TOTAL ASSETS:5,216  3,454
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities519  444
Employee-related liabilities463  367
Taxes payable56  78
Debt1,051  972
Derivative instruments and hedges, liabilities5  17
Securities loaned140   
Due to related parties   14
Business combination, contingent consideration, liability9  4
Other undisclosed current liabilities470  213
Total current liabilities:2,193  1,665
Noncurrent Liabilities
Long-term debt and lease obligation1,131  538
Long-term debt, excluding current maturities545  538
Operating lease, liability586  
Liabilities, other than long-term debt207  169
Other liabilities207  169
Total noncurrent liabilities:1,338  707
Total liabilities:3,531  2,371
Temporary equity, carrying amount21  26
Stockholders' equity
Stockholders' equity attributable to parent, including:1,278  568
Additional paid in capital487  285
Accumulated other comprehensive loss(3)   
Retained earnings1,080  278
Other undisclosed stockholders' equity attributable to parent(286)  5
Stockholders' equity attributable to noncontrolling interest386  489
Total stockholders' equity:1,664  1,057
TOTAL LIABILITIES AND EQUITY:5,216  3,454

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,906  2,048
Brokerage commissions revenue   1,286
Cost of revenue(2,209)  (1,409)
Cost of goods and services sold(1,829)  (1,156)
Gross profit:697  638
Operating expenses(675)  (433)
Other operating income, net   127
Other undisclosed operating income1,232   
Operating income:1,255  333
Income from continuing operations before equity method investments, income taxes:1,255  333
Other undisclosed loss from continuing operations before income taxes(33)  (50)
Income from continuing operations before income taxes:1,221  282
Income tax expense(243)  (90)
Net income:978  192
Other undisclosed net loss attributable to parent(227)  (85)
Net income attributable to parent:751  107
Other undisclosed net loss available to common stockholders, basic(6)  (5)
Net income available to common stockholders, basic:745  102
Other undisclosed net income available to common stockholders, diluted   4
Net income available to common stockholders, diluted:745  106

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:978  192
Other comprehensive loss(1)   
Comprehensive income:977  192
Comprehensive loss, net of tax, attributable to noncontrolling interest(227)  (85)
Comprehensive income, net of tax, attributable to parent:750  107

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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