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CBRE Group Inc (NYS: CBRE)+ to Company Analysis List

Address: 2100 McKinney Avenue,Suite 1250,Dallas, TX 75201 United States | Phone: 214 979-6100 | Company Website: www.cbre.com

Incorporated: February 2001 , DE, United States

IRS Number: 943391143

Legal Counsel: Simpson Thacher & Bartlett LLP

Transfer Agent: Broadridge Corporate Issuer Solutions, Inc., Edgewood, NY

Country: United States

Industry: Real Estate Services (ICB 35101015)

Industry: Real estate agents and managers (SIC 6531)

Industry: Offices of Real Estate Appraisers (NAICS 531320)

Number of Employees: 115,000 (Approximate Full-Time as of 12/31/2022)

Number of Shareholders: 47 (class A common) (as of 02/16/2023)

Market Cap: 44,026,809,660

Revenue: 34,311,975,000

Net Income: 958,151,000

EPS Basic: 3.12 EPS Diluted: 3.09

PE Ratio: 46.5599

As reported Prelims Standardized Restated Ratios Analysis

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Exchange rate used is that of the Year End reported date

As Reported Annual Balance Sheet

Report Date
Currency
Audit Status
Consolidated
Scale
Cash & cash equivalents
Restricted cash
Receivables, gross
Less: allowance for doubtful accounts
Receivables
Warehouse receivables
Contract assets
Income taxes receivable
Prepaid expenses
Other current assets
Total current assets
Computer hardware & software
Leasehold improvements
Furniture & equipment
Construction in progress
Computer Hardware and Software
Total property & equipment, cost
Less: accumulated depreciation & amortization
Property & equipment, net
Goodwill
Other intangible assets, gross
Less: accumulated amortization - other intangible assets
Other intangible assets, net
Operating lease assets
Investments in unconsolidated subsidiaries
Non-current contract assets
Deferred tax assets, net
Investments held in trust - special purpose acquisition company
Real estate under development
Non-current income taxes receivable
Other assets, net
Total assets
Accounts payable & accrued expenses
Compensation & employee benefits payable
Contract liabilities
Accrued bonus & profit sharing
Operating lease liabilities
Income taxes payable
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)
Revolving credit facility
Other short-term borrowings
Warehouse lines of credit
Total short-term borrowings
Current maturities of long-term debt
Other current liabilities
Total current liabilities
Senior secured term loans
Senior notes
4.875% senior notes
2.500% senior notes
5.25% senior notes
Other long-term debt
Less current maturities of long-term debt
Less unamortized debt issuance costs
Long-term debt, net of current maturities
Non-current operating lease liabilities
Non-current income taxes payable
Deferred tax liabilities, net
Non-current tax liabilities
Other liabilities
Total liabilities
Non-controlling interest subject to possible redemption - special purpose acquisition company
Class A common stock
Additional paid-in capital
Accumulated earnings (deficit)
Accumulated other comprehensive income (loss)
Total CBRE Group, Inc. stockholders' equity
Non-controlling interests
Total equity

Report Date	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Currency	USD	USD	USD	USD	USD
Audit Status	Not Qualified	Not Qualified	Not Qualified	Not Qualified	Not Qualified
Consolidated	Yes	Yes	Yes	Yes	Yes
Scale	Thousands	Thousands	Thousands	Thousands	Thousands
Cash & cash equivalents	1,265,000	1,318,290	2,430,951	1,896,188	971,781
Restricted cash	106,000	86,559	108,830	143,059	121,964
Receivables, gross	6,472,000	5,419,161	5,248,061	4,490,487	4,539,399
Less: allowance for doubtful accounts	102,000	92,354	97,588	95,533	72,725
Receivables	6,370,000	5,326,807	5,150,473	4,394,954	4,466,674
Warehouse receivables	675,000	455,354	1,303,717	1,411,170	993,058
Contract assets	443,000	391,626	338,749	318,191	328,012
Income taxes receivable	159,000	81,528	44,104	93,756	93,915
Prepaid expenses	333,000	311,508	333,885	294,992	282,741
Other current assets	315,000	557,009	371,656	293,321	276,319
Total current assets	9,666,000	8,528,681	10,082,365	8,845,631	7,534,464
Computer hardware & software	2,483,000	1,158,284	1,101,248	974,490	1,011,704
Leasehold improvements	658,000	611,082	622,771	554,252	551,049
Furniture & equipment	298,000	267,604	260,551	243,880	344,351
Construction in progress	186,000	185,332	120,031	117,274	-
Computer Hardware and Software	1,341,000	-	-	-	-
Total property & equipment, cost	-	2,222,302	2,104,601	1,889,896	1,907,104
Less: accumulated depreciation & amortization	1,576,000	1,386,261	1,288,509	1,074,887	1,070,898
Property & equipment, net	907,000	836,041	816,092	815,009	836,206
Goodwill	5,129,000	4,868,382	4,995,175	3,821,609	3,753,493
Other intangible assets, gross	4,259,900	4,108,431	4,134,707	-	-
Less: accumulated amortization - other intangible assets	2,178,900	1,915,725	1,725,280	-	-
Other intangible assets, net	2,081,000	2,192,706	2,409,427	1,367,913	1,379,546
Operating lease assets	1,030,000	1,033,011	1,046,377	1,020,352	997,966
Investments in unconsolidated subsidiaries	1,374,000	1,317,705	1,196,088	452,365	426,711
Non-current contract assets	75,000	137,480	135,626	153,636	201,760
Deferred tax assets, net	361,000	265,554	157,032	91,529	73,864
Investments held in trust - special purpose acquisition company	-	-	-	402,501	-
Real estate under development	300,000	172,253	326,416	277,630	185,508
Non-current income taxes receivable	78,000	51,910	33,150	43,555	139,136
Other assets, net	1,547,000	1,109,666	875,743	747,413	668,542
Total assets	22,548,000	20,513,389	22,073,491	18,039,143	16,197,196
Accounts payable & accrued expenses	3,562,000	3,078,781	2,916,331	2,692,939	2,436,084
Compensation & employee benefits payable	1,459,000	1,459,001	1,539,291	1,287,383	1,324,990
Contract liabilities	298,000	276,334	280,659	162,045	108,671
Accrued bonus & profit sharing	1,556,000	1,691,118	1,694,590	1,183,786	1,261,974
Operating lease liabilities	242,000	229,591	232,423	208,526	168,663
Income taxes payable	217,000	184,453	246,035	57,892	30,207
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	-	447,840	1,277,451	1,383,964	977,175
Revolving credit facility	-	178,000	-	-	-
Other short-term borrowings	16,000	42,914	32,668	5,330	4,534
Warehouse lines of credit	666,000	-	-	-	-
Total short-term borrowings	-	-	-	-	981,709
Current maturities of long-term debt	9,000	427,792	-	1,514	1,814
Other current liabilities	218,000	226,170	199,421	160,604	122,339
Total current liabilities	8,243,000	8,241,994	8,418,869	7,143,983	6,436,451
Senior secured term loans	-	427,792	455,166	788,759	748,531
Senior notes	2,804,000	1,091,850	-	-	-
4.875% senior notes	-	-	597,911	597,470	597,052
2.500% senior notes	-	-	492,782	-	-
5.25% senior notes	-	-	-	-	425,952
Other long-term debt	-	-	-	1,514	1,861
Less current maturities of long-term debt	-	427,792	-	1,514	1,814
Less unamortized debt issuance costs	-	(6,138)	(7,736)	(6,027)	(10,337)
Long-term debt, net of current maturities	-	1,085,712	1,538,123	1,380,202	1,761,245
Non-current operating lease liabilities	1,089,000	1,080,385	1,116,562	1,116,795	1,057,758
Non-current income taxes payable	30,000	54,761	54,761	54,761	93,647
Deferred tax liabilities, net	255,000	282,073	405,258	124,485	34,593
Non-current tax liabilities	157,000	148,806	144,884	87,954	85,966
Other liabilities	903,000	1,013,926	1,035,917	625,303	454,424
Total liabilities	13,481,000	11,907,657	12,714,374	10,533,483	9,924,084
Non-controlling interest subject to possible redemption - special purpose acquisition company	-	-	-	385,573	-
Class A common stock	3,000	3,110	3,329	3,356	3,348
Additional paid-in capital	-	-	798,892	1,074,639	1,115,944
Accumulated earnings (deficit)	9,188,000	8,832,943	8,366,631	6,530,057	5,793,149
Accumulated other comprehensive income (loss)	(924,000)	(982,780)	(640,659)	(529,726)	(679,748)
Total CBRE Group, Inc. stockholders' equity	8,267,000	7,853,273	8,528,193	7,078,326	6,232,693
Non-controlling interests	800,000	752,459	830,924	41,761	40,419
Total equity	9,067,000	8,605,732	9,359,117	7,120,087	6,273,112

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