CBRE GROUP INC
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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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.
Jun 30, 2024 · Filed Jul 25, 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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Consolidated Statements of Operations for the months ended and
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except share and per share data)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $8,391 | $7,720 | $16,326 | $15,131 |
| Costs and expenses: | ||||
| Cost of revenue | 6,793 | 6,179 | 13,268 | 12,186 |
| Operating, administrative and other | 1,191 | 1,089 | 2,302 | 2,297 |
| Depreciation and amortization | 161 | 155 | 319 | 316 |
| Total costs and expenses | 8,145 | 7,423 | 15,889 | 14,799 |
| Gain on disposition of real estate | — | 9 | 13 | 12 |
| Operating income | 246 | 306 | 450 | 344 |
| Equity (loss) income from unconsolidated subsidiaries | (15) | (8) | (73) | 134 |
| Other income | 6 | 6 | 15 | 8 |
| Interest expense, net of interest income | 63 | 43 | 99 | 71 |
| Income before provision for income taxes | 174 | 261 | 293 | 415 |
| Provision for income taxes | 32 | 55 | 3 | 84 |
| Net income | 142 | 206 | 290 | 331 |
| Less: Net income attributable to non-controlling interests | 12 | 5 | 34 | 13 |
| Net income attributable to CBRE Group, Inc. | $130 | $201 | $256 | $318 |
| Basic income per share: | ||||
| Net income per share attributable to CBRE Group, Inc. | $0.42 | $0.65 | $0.84 | $1.02 |
| Weighted average shares outstanding for basic income per share | 306,745,116 | 310,857,203 | 306,276,871 | 310,662,324 |
| Diluted income per share: | ||||
| Net income per share attributable to CBRE Group, Inc. | $0.42 | $0.64 | $0.83 | $1.01 |
| Weighted average shares outstanding for diluted income per share | 308,035,211 | 314,282,247 | 308,269,040 | 314,821,615 |
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