CBRE GROUP INC

For the period ended Mar 31, 2024. Filed May 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets at and

CONSOLIDATED BALANCE SHEETS

(Dollars in millions, except share data)

	March 31,2024	December 31,2023
ASSETS
Current Assets:
Cash and cash equivalents	$1,044	$1,265
Restricted cash	83	106
Receivables, less allowance for doubtful accounts of $100.3 and $102.0 at March 31, 2024 and December 31, 2023, respectively	6,172	6,370
Warehouse receivables	848	675
Contract assets	462	443
Prepaid expenses	308	333
Income taxes receivable	162	159
Other current assets	365	315
Total Current Assets	9,444	9,666
Property and equipment, net of accumulated depreciation and amortization of $1,634.6 and $1,576.1 at March 31, 2024 and December 31, 2023, respectively	900	907
Goodwill	5,554	5,129
Other intangible assets, net of accumulated amortization of $2,243.2 and $2,178.9 at March 31, 2024 and December 31, 2023, respectively	2,298	2,081
Operating lease assets	1,003	1,030
Investments in unconsolidated subsidiaries (with $901.7 and $997.3 at fair value at March 31, 2024 and December 31, 2023, respectively)	1,298	1,374
Non-current contract assets	88	75
Real estate under development	331	300
Non-current income taxes receivable	85	78
Deferred tax assets, net	353	361
Other assets, net	1,610	1,547
Total Assets	$22,964	$22,548
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$3,415	$3,562
Compensation and employee benefits payable	1,342	1,459
Accrued bonus and profit sharing	829	1,556
Operating lease liabilities	249	242
Contract liabilities	304	298
Income taxes payable	187	217
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	839	666
Revolving credit facility	820	—
Other short-term borrowings	7	16
Current maturities of long-term debt	19	9
Other current liabilities	222	218
Total Current Liabilities	8,233	8,243
Long-term debt, net of current maturities	3,282	2,804
Non-current operating lease liabilities	1,055	1,089
Non-current income taxes payable	30	30
Non-current tax liabilities	141	157
Deferred tax liabilities, net	253	255
Other liabilities	871	903
Total Liabilities	13,865	13,481
Commitments and contingencies	—	—
Equity:
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 306,949,267 and 304,889,140 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	3	3
Additional paid-in capital	—	—
Accumulated earnings	9,263	9,188
Accumulated other comprehensive loss	(1,005)	(924)
Total CBRE Group, Inc. Stockholders’ Equity	8,261	8,267
Non-controlling interests	838	800
Total Equity	9,099	9,067
Total Liabilities and Equity	$22,964	$22,548

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.