← CBRE GROUP, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $572.0m |
$691.5m
+20.89%
|
$1.1b
+53.76%
|
$1.3b
+20.61%
|
$752.0m
-41.36%
|
$1.8b
+144.23%
|
$1.4b
-23.37%
|
$986.0m
-29.94%
|
$968.0m
-1.83%
|
$1.2b
+19.52%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $584.1m | $697.9m | $1.1b | $1.3b | $755.9m | $1.8b | $1.4b | $1.0b | $1.0b | $1.3b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $12.1m | $6.5m | $2.7m | $9.1m | $3.9m | $5.3m | $16.6m | $41.0m | $68.0m | $120.0m | — | |
| Depreciation and amortization | $366.9m | $406.1m | $452.0m | $439.2m | $501.7m | $525.9m | $613.1m | $622.0m | $674.0m | $729.0m | $812.0m | |
| Amortization of Debt Issuance Costs | $10.9m | $10.8m | $35.2m | $8.7m | $82.7m | $8.3m | $7.7m | $6.0m | — | — | — | |
| Amortization | — | — | — | — | — | — | — | $168.0m | $195.0m | $199.0m | — | |
| Amortization of Intangible Assets | $211.7m | $238.7m | $258.7m | $225.7m | $227.1m | $276.5m | $348.0m | $321.8m | $363.0m | $393.0m | — | |
| Deferred Income Tax Expense (Benefit) | ($9.6m) | ($9.0m) | ($11.4m) | — | — | ($61.0m) | ($410.8m) | ($121.0m) | ($194.0m) | ($269.0m) | ($259.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $63.5m | $93.1m | $128.2m | $127.7m | $60.4m | $184.9m | $160.3m | $96.0m | $146.0m | $120.0m | $164.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $27.4m | $29.5m | $29.4m | $18.4m | $43.8m | $38.9m | $37.9m | $72.0m | $105.0m | — | — | |
| Stock-based compensation expense | $63.5m | $93.1m | $128.2m | $127.7m | $60.4m | $184.9m | $160.3m | $96.0m | $146.0m | $120.0m | $164.0m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | — | $9.0m | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | $89.8m | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $25.0m | $0 | $26.4m | $0 | — | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $89.8m | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $197.4m | $210.2m | $324.7m | $160.9m | $126.2m | $618.7m | $229.0m | $248.0m | ($19.0m) | $40.0m | — | |
| Other Nonoperating Income (Expense) | $4.7m | $9.4m | $93.0m | $28.9m | $17.4m | $203.6m | ($11.9m) | $61.0m | $39.0m | $19.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $236.9m | $483.7m | — | — | — | — | — | — | — | — | ($1.5b) | |
| Receivables, prepaid expenses and other assets | — | ($534.2m) | ($773.4m) | ($824.5m) | $371.0m | ($766.0m) | ($503.4m) | ($860.0m) | ($572.0m) | ($882.0m) | — | |
| Accounts payable, accrued liabilities and other liabilities | $2.2m | $171.3m | $273.8m | $306.7m | $105.5m | $104.7m | $64.1m | $22.0m | $538.0m | $570.0m | $834.0m | |
| Accrued compensation expenses | $132.9m | $152.2m | $270.4m | $244.9m | ($100.1m) | $729.7m | ($2.0m) | ($173.0m) | $206.0m | $285.0m | — | |
| Gain (Loss) on Disposition of Other Assets | $201.4m | $200.4m | $229.4m | $246.7m | $298.0m | $142.9m | $202.5m | $102.0m | $162.0m | $187.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $450.3m |
$710.5m
+57.78%
|
$1.1b
+59.22%
|
$1.2b
+8.14%
|
$1.8b
+49.65%
|
$2.4b
+29.14%
|
$1.6b
-31.09%
|
$480.0m
-70.54%
|
$1.7b
+255.83%
|
$1.6b
-8.72%
|
$1.4b
-12.70%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $191.2m | $178.0m | $227.8m | $293.5m | $266.6m | $209.9m | $260.1m | ($305.0m) | ($307.0m) | ($366.0m) | ($423.0m) | |
| Gain (Loss) on Investments | — | $9.4m | ($7.4m) | $28.9m | $17.4m | $42.0m | ($30.5m) | $6.0m | — | — | ($746.0m) | |
| Unrealized Gain (Loss) on Investments | $4.7m | — | — | — | — | — | — | — | — | — | — | |
| Equity (income) loss from investments | ($197.4m) | ($210.2m) | ($324.7m) | ($160.9m) | ($126.2m) | ($618.7m) | ($229.0m) | ($248.0m) | $19.0m | ($40.0m) | — | |
| Capital contributions related to investments | ($66.8m) | ($68.7m) | ($62.8m) | ($105.9m) | ($146.4m) | ($334.5m) | ($385.2m) | ($127.0m) | ($136.0m) | ($161.0m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $10.5m | — | — | — | — | — | — | — | — | — | ($1.2b) | |
| Payments for (Proceeds from) Other Investing Activities | $245k | ($2.4m) | $733k | ($1.6m) | ($10.5m) | $23.6m | $19k | $6.0m | ($59.0m) | ($155.0m) | — | |
| Other investing activities, net | ($245k) | $2.4m | ($733k) | $1.6m | $10.5m | ($23.6m) | ($19k) | ($6.0m) | $59.0m | $155.0m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($7.4m) | ($141.4m) | ($560.7m) | ($721.0m) | ($341.6m) | ($1.3b) | ($832.5m) | ($681.0m) | ($1.5b) | ($1.6b) | ($1.4b) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from commercial paper, net | — | — | — | — | — | — | — | $0 | $175.0m | $677.0m | — | |
| Proceeds from long-term debt | — | — | — | — | — | $0 | $0 | $748.0m | $0 | $2.4b | — | |
| Repayment of long-term debt | ($136.2m) | ($751.9m) | ($450.0m) | ($300.0m) | $0 | ($300.0m) | $0 | ($437.0m) | ($9.0m) | ($670.0m) | — | |
| Payments for Repurchase of Common Stock | — | — | $161.0m | $145.1m | $50.0m | $368.6m | $1.9b | $665.0m | $627.0m | $968.0m | — | |
| Repurchase of common stock | — | — | ($161.0m) | ($145.1m) | ($50.0m) | ($368.6m) | ($1.9b) | ($665.0m) | ($627.0m) | ($968.0m) | — | |
| Proceeds from (Payments for) Other Financing Activities | ($1.4m) | ($2.7m) | ($2.4m) | $1.8m | ($41.9m) | ($44.4m) | ($34.5m) | ($69.0m) | ($1.0m) | ($521.0m) | — | |
| Other financing activities, net | ($1.4m) | ($2.7m) | ($2.4m) | $1.8m | ($41.9m) | ($44.4m) | ($34.5m) | ($69.0m) | ($1.0m) | ($521.0m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($220.7m) |
($627.7m)
-184.46%
|
($506.6m)
+19.30%
|
($271.9m)
+46.32%
|
($625.3m)
-129.92%
|
($490.6m)
+21.53%
|
($1.8b)
-259.96%
|
$154.0m
+108.72%
|
($221.0m)
-243.51%
|
$796.0m
+460.18%
|
$163.0m
-79.52%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $39.1m | $229.8m | $945.5m | $500.5m | ($1.1b) | ($34.0m) | ($150.0m) | $793.0m | $1.7b | |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD | $1.1b | $2.0b | $2.5b | $1.4b | $1.4b | $1.2b | $2.0b | |||||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $2.5b | $1.4b | $1.4b | $1.2b | $2.0b | $1.7b | |
| Effect of currency exchange rate changes on cash and cash equivalents and restricted cash | ($27.5m) | $29.3m | ($24.8m) | ($606k) | $81.6m | ($92.1m) | ($165.5m) | $13.0m | ($123.0m) | $65.0m | — | |
| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $218.2m | ($6.6m) | $39.1m | $229.8m | $945.5m | $500.5m | ($1.1b) | ($34.0m) | ($150.0m) | $793.0m | ||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $5.6m | $8.0m | $2.1m | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $125.8m | $117.2m | $104.2m | $86.7m | $67.5m | $41.1m | $89.2m | $191.0m | $396.0m | $448.0m | — | |
| Income Taxes Paid, Net | $294.8m | $357.0m | $375.8m | $365.1m | $51.7m | $330.4m | $604.4m | $467.0m | $467.0m | $599.0m | — | |
| Additional Financial Items | ||||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | — | $187.5m | $0 | $0 | — | — | — | |
| Environmental Remediation Expense | — | — | — | — | — | — | $185.9m | $0 | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | — | $43.0m | ($50.0m) | — | |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS) | — | $52.7m | $56.0m | $64.0m | $75.2m | $79.9m | $40.0m | $27.0m | $32.0m | $33.0m | — | |
| Gains (Losses) on Sales of Investment Real Estate | $15.9m | $19.8m | $14.9m | $19.8m | $87.8m | $71.0m | $244.4m | $27.0m | $142.0m | $459.0m | — | |
| Goodwill | $3.0b | $3.3b | $3.7b | $3.8b | $3.8b | $5.0b | $4.9b | $5.1b | $5.6b | $7.1b | $0 | |
| Income Tax Expense (Benefit) | $296.7m | $466.1m | $313.1m | $69.9m | $214.1m | $567.5m | $234.2m | $250.0m | $182.0m | $317.0m | — | |
| Investment Income, Interest | $8.1m | $9.9m | $8.6m | — | — | — | — | — | — | — | — | |
| Operating Expenses | $2.8b | $2.9b | $3.4b | — | — | — | — | — | — | — | — | |
| Pension Cost (Reversal of Cost) | — | — | — | — | — | ($8.9m) | ($3.4m) | $19.8m | $18.0m | $23.0m | — | |
| Proceeds from Noncontrolling Interests | $2.3m | $5.3m | $25.4m | $46.6m | $2.2m | $862k | $2.4m | $6.0m | — | — | — | |
| Proceeds from Stock Options Exercised | $915k | $400k | — | — | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | $37.9m | $6.9m | $9.4m | $0 | $13.4m | $13.0m | — | — | — | |
| Net non-cash mortgage servicing rights and premiums on loan sales | ($201.4m) | ($200.4m) | ($229.4m) | ($246.7m) | ($298.0m) | ($142.9m) | ($202.5m) | ($102.0m) | ($162.0m) | ($187.0m) | — | |
| Gain on sale of real estate assets | — | — | — | — | — | — | — | ($27.0m) | ($142.0m) | ($459.0m) | — | |
| Other non-cash adjustments | — | — | — | — | — | — | $55.0m | ($18.0m) | $8.0m | $227.0m | — | |
| Sale of mortgage loans | $15.8b | $18.1b | $20.2b | $19.8b | $20.9b | $17.2b | $14.5b | $9.7b | $12.8b | $15.1b | — | |
| Origination of mortgage loans | ($15.3b) | ($17.7b) | ($20.6b) | ($19.4b) | ($21.3b) | ($17.0b) | ($13.7b) | ($9.9b) | ($12.7b) | ($16.2b) | — | |
| Warehouse lines of credit | — | ($343.9m) | $418.0m | ($351.6m) | $406.8m | ($106.5m) | ($829.6m) | $218.0m | ($114.0m) | $1.1b | — | |
| Income taxes, net | ($6.3m) | $108.2m | ($47.1m) | ($274.4m) | $173.6m | $248.3m | ($133.2m) | ($97.0m) | ($8.0m) | ($40.0m) | — | |
| Payments for business acquired, net of cash acquired | ($31.6m) | ($142.4m) | ($322.6m) | ($355.9m) | ($27.8m) | ($781.5m) | ($173.6m) | ($203.0m) | ($1.1b) | ($1.4b) | — | |
| Acquisition and development of real estate assets | — | — | — | — | — | $0 | $0 | ($171.0m) | ($389.0m) | ($390.0m) | — | |
| Proceeds from disposition of real estate assets | $44.3m | — | $14.2m | — | — | $0 | $0 | $77.0m | $235.0m | $509.0m | — | |
| Proceeds from revolving credit facility | $2.9b | $1.5b | $3.3b | $3.6b | $835.7m | $26.6m | $1.8b | $4.0b | $4.2b | $0 | — | |
| Repayment of revolving credit facility | ($2.9b) | ($1.5b) | ($3.3b) | ($3.6b) | ($835.7m) | $0 | ($1.7b) | ($4.2b) | ($4.0b) | ($132.0m) | — | |
| Deferred and/or contingent consideration | — | — | — | $0 | $0 | $485.4m | $0 | $54.0m | $19.0m | $183.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.