← Cushman & Wakefield Ltd.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($221.3m) |
($185.8m)
+16.04%
|
$200k
+100.11%
|
($220.5m)
-110350.00%
|
$250.0m
+213.38%
|
$196.4m
-21.44%
|
($35.4m)
-118.02%
|
$131.3m
+470.90%
|
$88.2m
-32.83%
|
— | |
| Depreciation and amortization | $270.6m | $290.0m | $296.7m | $263.6m | $172.1m | $146.9m | $145.6m | $122.2m | $104.2m | $192.9m | |
| Lease amortization | $0 | $0 | $117.9m | $118.2m | $104.2m | $102.2m | $97.8m | $86.5m | $86.5m | — | |
| Amortization of debt issuance costs | $16.5m | $12.5m | $4.4m | $10.0m | $9.4m | $9.6m | $7.5m | $7.5m | $8.0m | — | |
| Amortization Cash Flow | — | — | — | — | — | $64.1m | $64.2m | $45.9m | $39.6m | — | |
| Amortization Of Intangibles | — | — | — | — | — | $64.1m | $64.2m | $45.9m | $39.6m | $39.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $249.1m | $243.4m | $208.7m | $190.7m | $192.9m | |
| Change in deferred taxes | ($170.3m) | ($58.9m) | ($49.8m) | $17.8m | ($56.3m) | $14.6m | ($50.4m) | ($28.1m) | ($45.0m) | — | |
| Deferred Income Tax | — | — | — | — | — | $14.6m | ($50.4m) | ($28.1m) | ($45.0m) | ($28.4m) | |
| Stock-based compensation | $52.4m | $81.9m | $61.3m | $42.0m | $58.2m | $40.3m | $54.1m | $35.6m | $58.2m | $57.1m | |
| Impairment charges | $0 | $2.7m | $12.2m | $3.1m | $18.3m | $1.6m | $13.6m | $3.8m | $6.5m | — | |
| Impairment of equity method investment | — | — | — | — | — | — | $0 | $0 | $177.0m | — | |
| Asset Impairment Charge | — | — | — | — | — | $1.6m | $13.6m | $3.8m | $183.5m | $177.0m | |
| Earnings from equity method investments, net of distributions received | — | — | $800k | ($5.3m) | ($19.9m) | ($45.4m) | ($33.7m) | ($18.7m) | $3.0m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($45.4m) | ($33.7m) | ($18.7m) | $3.0m | $19.6m | |
| Change In Working Capital | — | — | — | — | — | ($538.8m) | ($124.5m) | ($138.6m) | ($110.7m) | ($221.1m) | |
| Provision for loss on receivables and other assets | $3.9m | $21.7m | $22.1m | $47.7m | $38.0m | $31.7m | $10.6m | $20.8m | $22.2m | — | |
| Trade and other receivables | ($173.4m) | ($235.5m) | ($38.9m) | $191.5m | ($212.5m) | ($298.9m) | $62.5m | ($78.7m) | ($139.9m) | — | |
| Change In Receivables | — | — | — | — | — | ($401.6m) | $135.3m | ($57.9m) | ($109.7m) | ($136.1m) | |
| Changes In Account Receivables | — | — | — | — | — | ($298.9m) | $62.5m | ($78.7m) | ($139.9m) | ($136.1m) | |
| Accounts payable and accrued expenses | $42.6m | $74.9m | $60.0m | ($156.2m) | $131.1m | $125.1m | ($49.4m) | $16.8m | $108.7m | $37.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($12.4m) | ($151.2m) | $93.2m | $226.3m | $37.4m | |
| Accrued compensation | $98.4m | $117.8m | $63.5m | ($183.6m) | $227.1m | ($41.4m) | ($67.7m) | $74.3m | $106.7m | — | |
| Change In Accrued Expense | — | — | — | — | — | ($41.4m) | ($67.7m) | $74.3m | $106.7m | $110.6m | |
| Other operating activities, net | $7.0m | ($3.6m) | ($16.8m) | ($64.5m) | $1.5m | ($3.4m) | $16.7m | ($26.6m) | ($30.3m) | — | |
| Short-term contract assets and Prepaid expenses and other current assets | — | — | ($154.9m) | $53.8m | ($105.2m) | ($102.7m) | $72.8m | $20.8m | $30.2m | — | |
| Other current and non-current liabilities | $58.8m | ($216.8m) | ($164.8m) | ($117.2m) | ($104.3m) | ($94.2m) | ($83.9m) | ($115.9m) | ($106.1m) | — | |
| Change In Other Current Assets | — | — | — | — | — | ($30.6m) | ($24.7m) | ($58.0m) | ($121.2m) | ($138.4m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($94.2m) | ($83.9m) | ($115.9m) | ($106.1m) | ($87.1m) | |
| Net cash provided by operating activities | $4.4m |
($2.2m)
-150.00%
|
$269.3m
+12340.91%
|
($38.2m)
-114.18%
|
$549.5m
+1538.48%
|
$49.1m
-91.06%
|
$152.2m
+209.98%
|
$208.0m
+36.66%
|
$340.4m
+63.65%
|
$303.3m
-10.90%
|
|
| Payment for property and equipment | ($129.1m) | ($84.2m) | ($80.3m) | ($41.0m) | ($53.8m) | ($50.7m) | ($51.0m) | ($41.0m) | ($47.4m) | — | |
| Capital Expenditure | — | — | — | — | — | ($50.7m) | ($51.0m) | ($41.0m) | ($47.4m) | ($54.2m) | |
| Unrealized (gain) loss on investments, net | — | — | — | — | — | — | $27.8m | $800k | ($26.1m) | — | |
| Investments in equity securities | $0 | ($8.7m) | ($4.5m) | ($14.6m) | ($688.9m) | ($26.4m) | ($6.9m) | ($1.7m) | ($8.9m) | — | |
| Proceeds from disposition of business or other investments | — | — | — | — | — | — | $0 | $122.6m | $11.5m | — | |
| Other investing activities, net | $1.0m | ($4.6m) | $800k | ($8.5m) | $200k | ($10.8m) | $6.8m | $1.3m | $8.6m | — | |
| Net Other Investing Changes | — | — | — | — | — | ($10.8m) | $106.8m | $1.3m | $28.6m | $53.3m | |
| Net cash (used in) provided by investing activities | ($143.2m) | ($218.0m) | ($274.9m) | ($257.8m) | ($749.5m) | ($120.7m) | $48.9m | $81.2m | ($21.1m) | — | |
| Loss on debt extinguishment | $0 | $50.4m | $0 | $0 | $0 | $0 | $19.3m | $0 | $3.0m | — | |
| Proceeds from borrowings | $318.7m | $2.9b | $0 | — | $0 | $0 | $2.4b | $0 | $0 | — | |
| Repayment of borrowings | ($150.3m) | ($3.1b) | ($27.0m) | ($20.0m) | ($26.7m) | ($26.7m) | ($2.4b) | ($200.4m) | ($300.0m) | — | |
| Debt issuance costs | ($4.4m) | ($24.4m) | $0 | ($22.7m) | $0 | $0 | ($65.1m) | $0 | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $2.4b | $0 | $0 | $1.2b | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $2.4b | $0 | $0 | $1.2b | |
| Long Term Debt Payments | — | — | — | — | — | ($44.0m) | ($2.4b) | ($228.6m) | ($326.1m) | ($1.6b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($44.0m) | ($34.2m) | ($228.6m) | ($326.1m) | ($373.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($44.0m) | ($34.2m) | ($228.6m) | ($326.1m) | ($373.1m) | |
| Repayment Of Debt | — | — | — | — | — | ($44.0m) | ($2.4b) | ($228.6m) | ($326.1m) | ($1.6b) | |
| Common Stock Payments | — | — | — | — | — | ($27.2m) | ($8.1m) | ($10.4m) | ($11.2m) | ($23.9m) | |
| Net Common Stock Issuance | — | — | — | — | — | ($27.2m) | ($8.1m) | ($10.4m) | ($11.2m) | ($23.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($27.2m) | ($8.1m) | ($10.4m) | ($11.2m) | ($23.9m) | |
| Other financing activities, net | $2.3m | ($7.3m) | ($2.3m) | $4.5m | $6.4m | $2.9m | $1.1m | $3.7m | ($200k) | — | |
| Net Other Financing Charges | — | — | — | — | — | ($8.1m) | ($78.5m) | ($14.4m) | ($13.2m) | ($20.1m) | |
| Net cash used in financing activities | $167.7m |
$725.9m
+332.86%
|
($89.6m)
-112.34%
|
$571.9m
+738.28%
|
($65.8m)
-111.51%
|
($79.3m)
-20.52%
|
($120.8m)
-52.33%
|
($253.4m)
-109.77%
|
($350.5m)
-38.32%
|
($417.1m)
-19.00%
|
|
| Cash, cash equivalents and restricted cash, beginning of the year | $467.9m | $965.4m | $872.3m | $1.2b | $890.3m | $719.0m | $801.2m | $814.6m | $803.5m | — | |
| Beginning Cash Position | — | — | — | — | — | $890.3m | $719.0m | $801.2m | $814.6m | $646.0m | |
| Change in cash, cash equivalents and restricted cash | $28.9m | $505.7m | ($95.2m) | $275.9m | ($265.8m) | ($150.9m) | $80.3m | $35.8m | ($31.2m) | — | |
| Effects of exchange rate fluctuations on cash, cash equivalents and restricted cash | $14.2m | ($8.2m) | $2.1m | $15.9m | ($8.0m) | ($20.4m) | $1.9m | ($22.4m) | $20.1m | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($20.4m) | $1.9m | ($22.4m) | $20.1m | ($19.5m) | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Unrealized foreign exchange (gain) loss | ($7.3m) | $8.4m | ($3.2m) | ($5.3m) | $9.8m | ($4.0m) | $1.9m | ($4.3m) | ($4.3m) | — | |
| Loss on disposition of business | — | — | — | $0 | $0 | $13.2m | $1.3m | $15.8m | $0 | — | |
| Income taxes payable | $10.1m | ($19.6m) | $27.0m | ($34.3m) | $91.5m | ($96.1m) | ($34.1m) | $2.1m | $10.9m | — | |
| Other non-current assets | $44.0m | $84.6m | $32.4m | ($4.3m) | ($63.5m) | ($30.6m) | ($24.7m) | ($58.0m) | ($121.2m) | — | |
| Acquisition of business, net of cash acquired | ($99.9m) | ($35.5m) | ($275.9m) | ($108.7m) | ($7.0m) | ($32.8m) | $0 | $0 | ($4.9m) | — | |
| Return of beneficial interest in a securitization | $0 | ($85.0m) | $0 | ($85.0m) | $0 | ($80.0m) | ($330.0m) | ($505.0m) | ($630.0m) | — | |
| Collection on beneficial interest in a securitization | $84.8m | $0 | $85.0m | $0 | $0 | $80.0m | $430.0m | $505.0m | $650.0m | — | |
| Shares repurchased for payment of employee taxes on stock awards | ($4.5m) | ($15.2m) | ($31.8m) | ($18.9m) | ($8.6m) | ($27.2m) | ($8.1m) | ($10.4m) | ($11.2m) | — | |
| Payment of deferred and contingent consideration | ($8.4m) | ($22.3m) | ($17.3m) | ($7.0m) | ($23.5m) | ($11.0m) | ($14.5m) | ($18.1m) | ($13.0m) | — | |
| Payment of finance lease liabilities | ($9.1m) | ($10.8m) | ($11.5m) | ($14.0m) | ($13.4m) | ($17.3m) | ($29.2m) | ($28.2m) | ($26.1m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($79.3m) | ($120.8m) | ($253.4m) | ($350.5m) | ($417.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($120.7m) | $48.9m | $81.2m | ($21.1m) | $6.0m | |
| Change In Account Payable | — | — | — | — | — | $125.1m | ($49.4m) | $16.8m | $108.7m | $37.4m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($150.9m) | $80.3m | $35.8m | ($31.2m) | — | |
| Change In Other Working Capital | — | — | — | — | $227.1m | ($41.4m) | — | — | — | — | |
| Change In Payable | — | — | — | — | — | $29.0m | ($83.5m) | $18.9m | $119.6m | $37.4m | |
| Change In Tax Payable | — | — | — | — | — | ($96.1m) | ($34.1m) | $2.1m | $10.9m | ($7.5m) | |
| Changes In Cash | — | — | — | — | — | ($150.9m) | $80.3m | $35.8m | ($31.2m) | ($107.8m) | |
| End Cash Position | — | — | — | — | — | $719.0m | $801.2m | $814.6m | $803.5m | $538.2m | |
| Financing Cash Flow | — | — | — | — | — | ($79.3m) |
($120.8m)
-52.33%
|
($253.4m)
-109.77%
|
($350.5m)
-38.32%
|
($417.1m)
-19.00%
|
|
| Free Cash Flow | — | — | — | — | — | ($1.6m) | $101.2m | $167.0m | $293.0m | $249.1m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $13.2m | $1.3m | $15.8m | $0 | $3.3m | |
| Income Tax Paid Supplemental Data | — | — | — | — | $46.5m | $215.4m | $88.5m | — | — | $88.5m | |
| Interest Paid Supplemental Data | — | — | — | — | $166.4m | $181.4m | $233.3m | — | — | $233.3m | |
| Investing Cash Flow | — | — | — | — | — | ($120.7m) | $48.9m | $81.2m | ($21.1m) | $6.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | ($32.8m) | $0 | $122.6m | $6.6m | $11.5m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($4.0m) | $1.9m | ($4.3m) | ($4.3m) | $5.3m | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($26.4m) | ($6.9m) | ($1.7m) | ($8.9m) | ($4.6m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($50.7m) | ($51.0m) | ($41.0m) | ($47.4m) | ($54.2m) | |
| Operating Gains Losses | — | — | — | — | — | ($36.2m) | ($11.2m) | ($7.2m) | $1.7m | $29.9m | |
| Other Non Cash Items | — | — | — | — | — | $6.2m | $24.2m | ($19.1m) | ($22.3m) | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $31.7m | $10.6m | $20.8m | $22.2m | $28.8m | |
| Purchase Of Business | — | — | — | — | — | ($32.8m) | $0 | $0 | ($4.9m) | $0 | |
| Purchase Of Investment | — | — | — | — | — | ($26.4m) | ($6.9m) | ($1.7m) | ($8.9m) | ($4.6m) | |
| Purchase Of PPE | — | — | $80.3m | $41.0m | $53.8m | ($50.7m) | ($51.0m) | ($41.0m) | ($47.4m) | ($54.2m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | $122.6m | $11.5m | $11.5m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | $84.2m | $27.8m | $800k | ($26.1m) | ($22.3m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.