CBRE GROUP INC

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

CBRE$134.79-2.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations for the years ended and

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in millions, except share and per share data)

	Year Ended December 31,
	2023	2022	2021
Revenue	$31,949	$30,828	$27,746
Costs and expenses:
Cost of revenue	25,675	24,239	21,580
Operating, administrative and other	4,562	4,649	4,074
Depreciation and amortization	622	613	526
Asset impairments	—	59	—
Total costs and expenses	30,859	29,560	26,180
Gain on disposition of real estate	27	244	71
Operating income	1,117	1,512	1,637
Equity income from unconsolidated subsidiaries	248	229	619
Other income (loss)	61	(12)	204
Interest expense, net of interest income	149	69	50
Write-off of financing costs on extinguished debt	—	2	—
Income before provision for income taxes	1,277	1,658	2,410
Provision for income taxes	250	234	568
Net income	1,027	1,424	1,842
Less: Net income attributable to non-controlling interests	41	17	5
Net income attributable to CBRE Group, Inc.	$986	$1,407	$1,837
Basic income per share:
Net income per share attributable to CBRE Group, Inc.	$3.20	$4.36	$5.48
Weighted average shares outstanding for basic income per share	308,430,080	322,813,345	335,232,840
Diluted income per share:
Net income per share attributable to CBRE Group, Inc.	$3.15	$4.29	$5.41
Weighted average shares outstanding for diluted income per share	312,550,942	327,696,115	339,717,401

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.