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 investments | 716 | 171 | ||||
| Cash and cash equivalents | 191 | 122 | ||||
| Short-term investments | 525 | 49 | ||||
| Restricted cash and investments | 75 | 65 | ||||
| Receivables | 4 | |||||
| Other current assets | 83 | 58 | ||||
| Other undisclosed current assets | 1,650 | 1,459 | ||||
| Total current assets: | 2,524 | 1,757 | ||||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 607 | ✕ | ||||
| Property, plant and equipment | 136 | 79 | ||||
| Long-term investments and receivables | 453 | 286 | ||||
| Due from related parties | 453 | 286 | ||||
| Intangible assets, net (including goodwill) | 733 | 551 | ||||
| Goodwill | 657 | 515 | ||||
| Intangible assets, net (excluding goodwill) | 76 | 36 | ||||
| Other noncurrent assets | 212 | 370 | ||||
| Other undisclosed noncurrent assets | 550 | 412 | ||||
| Total noncurrent assets: | 2,692 | 1,697 | ||||
| TOTAL ASSETS: | 5,216 | 3,454 | ||||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 519 | 444 | ||||
| Employee-related liabilities | 463 | 367 | ||||
| Taxes payable | 56 | 78 | ||||
| Debt | 1,051 | 972 | ||||
| Derivative instruments and hedges, liabilities | 5 | 17 | ||||
| Securities loaned | 140 | |||||
| Due to related parties | 14 | |||||
| Business combination, contingent consideration, liability | 9 | 4 | ||||
| Other undisclosed current liabilities | 470 | 213 | ||||
| Total current liabilities: | 2,193 | 1,665 | ||||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 1,131 | 538 | ||||
| Long-term debt, excluding current maturities | 545 | 538 | ||||
| Operating lease, liability | 586 | ✕ | ||||
| Liabilities, other than long-term debt | 207 | 169 | ||||
| Other liabilities | 207 | 169 | ||||
| Total noncurrent liabilities: | 1,338 | 707 | ||||
| Total liabilities: | 3,531 | 2,371 | ||||
| Temporary equity, carrying amount | 21 | 26 | ||||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent, including: | 1,278 | 568 | ||||
| Additional paid in capital | 487 | 285 | ||||
| Accumulated other comprehensive loss | (3) | |||||
| Retained earnings | 1,080 | 278 | ||||
| Other undisclosed stockholders' equity attributable to parent | (286) | 5 | ||||
| Stockholders' equity attributable to noncontrolling interest | 386 | 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 | ||
|---|---|---|---|---|---|
| Revenues | 2,906 | 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 income | 1,232 | ||||
| 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.