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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments234716225200171
Cash and cash equivalents233191191164122
Short-term investments1525333749
Restricted cash and investments8075675865
Receivables(21)  (12)4
Other current assets10083649158
Other undisclosed current assets6831,6501,4647351,459
Total current assets:1,0762,5241,8191,0741,757
Noncurrent Assets
Operating lease, right-of-use asset639607190202
Property, plant and equipment156136969879
Long-term investments and receivables 501453454404286
Due from related parties501453454404286
Intangible assets, net (including goodwill)787733605603551
Goodwill706657560558515
Intangible assets, net (excluding goodwill)8176444536
Other noncurrent assets214212323408370
Other receivable, after allowance for credit loss
Other undisclosed noncurrent assets569550495414412
Total noncurrent assets:2,8652,6922,1632,1281,697
TOTAL ASSETS:3,9415,2163,9823,2023,454
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities392519306413444
Taxes payable56266978
Employee-related liabilities463280344367
Accrued liabilities392    
Debt6851,0511,061237972
Derivative instruments and hedges, liabilities95182617
Securities loaned  1403337 
Business combination, contingent consideration, liability 0917134
Due to related parties    14
Other undisclosed current liabilities489470270320213
Total current liabilities:1,5762,1931,7051,0451,665
Noncurrent Liabilities
Long-term debt and lease obligation 1,131899817538
Long-term debt, excluding current maturities 545680589538
Liabilities, other than long-term debt823207437377169
Other liabilities196207437377169
Operating lease, liability627586219228
Total noncurrent liabilities:8231,3381,3361,194707
Total liabilities:2,3993,5313,0412,2392,371
Temporary equity, carrying amount1721202226
Equity
Equity, attributable to parent, including:1,1811,278655600568
Additional paid in capital585487351318285
Accumulated other comprehensive loss(12)(3)(2)  
Retained earnings1,1451,080343313278
Other undisclosed equity, attributable to parent(536)(286)(37)(32)5
Equity, attributable to noncontrolling interest344386266341489
Total equity:1,5251,6649219411,057
TOTAL LIABILITIES AND EQUITY:3,9415,2163,9823,2023,454

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
Revenues2,7062,9061,9052,2182,048
Brokerage commissions revenue   1,286
Gain on disposition of assets for financial service operations358225311198182
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:984697604658638
Operating expenses(701)(675)(436)(493)(433)
Other operating income, net     127
Other undisclosed operating income (loss)(98)1,2321581 
Operating income:1861,255184246333
Income from continuing operations before equity method investments, income taxes:1861,255184246333
Other undisclosed loss from continuing operations before income taxes(31)(33)(38)(32)(50)
Income from continuing operations before income taxes:1551,221146214282
Income tax expense(42)(243)(37)(52)(90)
Income from continuing operations:113978109162192
Income before gain (loss) on sale of properties:978109162192
Net income:113978109162192
Other undisclosed net loss attributable to parent(29)(227)(29)(44)(85)
Net income attributable to parent:8375180117107
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:8374570104102
Other undisclosed net income available to common stockholders, diluted27  44
Net income available to common stockholders, diluted:11074570108106

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:113978109162192
Other comprehensive income (loss)(11)(1)(2)  
Other undisclosed comprehensive loss     
Comprehensive income:102977107162192
Comprehensive loss, net of tax, attributable to noncontrolling interest(27)(227)(29)(44)(85)
Comprehensive income, net of tax, attributable to parent:7475078117107

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.

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