CBRE GROUP, INC.

10-K & 10-Q Filings

CBRE Group, Inc. is the world's largest commercial real estate services and investments firm, offering integrated solutions to real estate investors and occupiers in more than 100 countries. The company's competitive advantage comes from its considerable scale and ability to provide a range of services, including property leasing, capital markets, mortgage servicing, property management, and valuation. CBRE is a global market leader in most lines of business and has a large and expanding base of commercial real estate assets. The company's business segments include Advisory Services, Global Workplace Solutions, Real Estate Investments, and Corporate and other. Its website is https://www.cbre.com, and its ticker symbol is CBRE.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$5905.41
6514.10
7184.79
9049.92
10855.81
13071.59
14209.61
21340.09
23894.09
23826.19
27746.04
30828.25
31949.00
7411.11
7935.00
15.11%7.07%Cost of Revenue (-)
$3457.13
3742.51
4189.39
5611.26
7082.93
9123.73
9893.23
16449.21
18689.01
19047.62
21579.51
24239.49
25675.00
6006.41
6475.00
18.19%7.80%Gross Profit (+)
$2448.28
2771.59
2995.40
3438.66
3772.88
3947.86
4316.38
4890.88
5205.08
4778.58
6166.53
6588.76
6274.00
1404.70
1460.00
8.16%3.94%Depreciation & Amortization (-)
$115.72
169.65
190.39
265.10
314.10
366.93
406.11
451.99
439.22
501.73
525.87
613.09
622.00
161.49
158.00
15.04%-2.16%Non-recurring Operating Expenses (-)
$
19.83
98.13
88.68
58.71
Operating Expenses (-)
$115.72
2192.39
2392.83
2704.06
2947.70
3148.24
3264.77
3817.76
439.22
3896.61
4600.06
5321.26
5184.00
1370.40
158.00
37.28%-88.47%Costs & Expenses (Total) (-)
$3572.85
5934.90
6582.22
8315.32
10030.64
12271.96
13157.99
20266.97
19128.24
22944.23
26179.56
29560.75
30859.00
7376.81
6633.00
19.68%-10.08%Operating Income/Loss (+)
$462.86
585.08
616.13
792.25
835.94
815.49
1071.44
1087.99
1259.88
969.76
1637.47
1511.91
1117.00
37.37
204.00
7.62%445.97%Non-operating Income/Expense (+)
$111.51
79.47
84.23
120.13
162.67
210.09
229.47
398.29
187.22
67.96
822.31
215.27
309.00
144.16
-49.00
8.86%-133.99%Interest Expense (-)
$150.25
175.07
135.08
112.03
118.88
144.85
136.81
107.27
Earnings before Tax (+)
$429.54
489.48
508.99
777.26
879.73
880.73
1164.09
1379.01
1361.35
969.97
2409.42
1658.19
1277.00
153.11
119.00
9.50%-22.28%Tax Expense (-)
$189.10
185.32
187.19
263.76
320.85
296.66
466.15
313.06
69.89
214.10
567.51
234.23
250.00
28.04
-29.00
2.35%-203.44%Income/Loss (Continuing Operations) (+)
$240.44
304.16
321.80
513.50
558.88
584.06
697.95
1065.95
1291.45
755.87
1841.91
1423.96
1027.00
125.07
148.00
12.86%18.33%Income/Loss (Discontinued Operations) (+)
$49.89
0.63
27.00
Profit/Loss (+)
$290.32
304.79
348.80
513.50
558.88
584.06
697.95
1065.95
1291.45
755.87
1841.91
1423.96
1027.00
125.07
148.00
11.10%18.33%Net Income/Loss (NCI) (-)
$51.16
-10.77
32.26
29.00
11.74
12.09
6.47
2.73
9.09
3.88
5.34
16.59
41.00
8.18
22.00
-1.83%168.95%Net Income/Loss (+)
$239.16
315.56
316.54
484.50
547.13
571.97
691.48
1063.22
1282.36
751.99
1836.57
1407.37
986.00
116.89
126.00
12.53%7.79%Net Income/Loss (Common) (+)
$239.16
315.56
316.54
484.50
547.13
571.97
691.48
1063.22
1282.36
751.99
1836.57
1407.37
986.00
116.89
126.00
12.53%7.79%EPS (Basic)
$0.75
0.98
0.96
1.47
1.64
1.71
2.05
3.13
3.82
2.24
5.48
4.36
3.20
0.38
0.41
12.85%7.89%EPS (Diluted)
$0.74
0.97
0.95
1.45
1.63
1.69
2.03
3.10
3.77
2.22
5.41
4.29
3.15
0.37
0.41
12.83%10.81%Weighted Avg Shares (Basic)
318.45
322.32
328.11
330.62
332.62
335.41
337.66
339.32
335.80
335.20
335.23
322.81
308.43
310.46
305.81
-0.27%-1.50%Weighted Avg Shares (Diluted)
323.72
327.04
331.76
334.17
336.41
338.42
340.78
343.12
340.52
338.39
339.72
327.70
312.55
315.36
308.50
-0.29%-2.17%Cash
$1160.32
1162.97
553.07
768.97
613.17
831.41
824.82
863.94
1093.74
2039.25
2539.78
1404.85
1371.00
1319.79
1127.00
1.40%-14.61%Short-term Investments
$154.27
102.01
58.44
63.47
Receivables
$1135.37
1262.82
1486.49
1736.23
2471.74
2605.60
3207.28
3668.59
4466.67
4394.95
5150.47
5326.81
6370.00
5468.93
6172.00
15.46%12.86%Inventory
$
307.02
328.01
318.19
338.75
391.63
443.00
384.01
462.00
20.31%Prepaid Expenses (Current)
$111.88
101.62
125.15
142.72
172.92
184.11
215.34
254.89
282.74
294.99
333.88
311.51
333.00
329.36
308.00
9.52%-6.49%Other Assets (Current)
$988.20
1455.13
656.66
813.12
2047.39
1501.33
1205.09
1659.76
1363.29
1798.25
1719.48
1093.89
1149.00
1544.31
1375.00
1.26%-10.96%Assets (Current)
$3550.05
4084.55
2879.81
3524.50
5305.22
5122.45
5452.53
6754.21
7534.46
8845.63
10082.36
8528.68
9666.00
9046.40
9444.00
8.71%4.40%Securities & Long-term Investments
$201.44
263.92
255.50
277.79
217.94
232.24
238.00
216.17
426.71
452.37
1196.09
1317.70
1374.00
1295.09
1298.00
17.35%0.22%Property, Plant & Equipment (Net)
$295.49
379.18
458.60
497.93
529.82
560.76
617.74
721.69
1834.17
1835.36
1862.47
1869.05
1937.00
1814.01
1903.00
16.96%4.91%Goodwill & Intangibles
$2622.73
2676.39
3131.70
3136.18
4536.47
4392.43
4653.85
5093.62
5133.04
5189.52
7404.60
7061.09
7210.00
7086.76
7852.00
8.79%10.80%Other Assets
$549.44
405.50
272.81
210.70
428.49
471.71
521.71
671.10
1268.81
1716.26
1527.97
1736.86
2361.00
1787.84
2467.00
12.92%37.99%Assets (Non-current)
$3669.10
3724.99
4118.60
4122.60
5712.72
5657.14
6031.30
6702.58
8662.73
9193.51
11991.13
11984.71
12882.00
11983.70
13520.00
11.03%12.82%Assets (Total)
$7219.14
7809.54
6998.41
7647.10
11017.94
10779.59
11483.83
13456.79
16197.20
18039.14
22073.49
20513.39
22548.00
21030.10
22964.00
9.96%9.20%Accounts Payable
$602.50
582.29
1315.62
1451.34
2271.38
2277.71
2548.43
3109.11
2466.29
2750.83
3162.37
3263.23
3779.00
3201.24
3602.00
16.53%12.52%Debt (Current)
$758.20
1099.36
517.10
506.05
1750.80
1254.67
910.78
1328.76
981.71
1390.81
1310.12
1096.55
691.00
2008.79
839.00
-0.77%-58.23%Other Liabilities (Current)
$1319.94
1290.64
773.02
918.24
937.55
993.04
1147.43
1362.37
2988.45
3002.34
3946.38
3882.21
3773.00
3507.43
3792.00
9.15%8.11%Liabilities (Current)
$2680.65
2972.29
2605.74
2875.63
4994.16
4525.43
4606.65
5803.38
6436.45
7143.98
8418.87
8241.99
8243.00
8717.46
8233.00
9.81%-5.56%Debt (Non-current)
$2404.85
2354.45
4396.87
1832.80
2645.11
2548.13
1999.60
1767.26
2819.00
1380.20
1538.12
1085.71
2804.00
1086.27
3282.00
1.29%202.14%Other Liabilities
$716.48
800.99
658.23
637.27
619.61
648.79
798.03
876.25
668.63
2394.87
2757.38
2579.95
2434.00
2583.96
2350.00
10.73%-9.05%Liabilities (Non-current)
$3121.33
3155.44
2456.67
2470.07
3264.72
3196.91
2797.64
2643.51
3487.63
3775.07
4295.51
3665.66
5238.00
3670.23
5632.00
4.41%53.45%Liabilities (Total)
$5801.98
6127.73
5062.41
5345.71
8258.87
7722.34
7404.28
8446.89
9924.08
10919.06
12714.37
11907.66
13481.00
12387.69
13865.00
7.28%11.93%Retained Earnings
$424.50
740.05
1056.59
1541.10
2088.23
2656.91
3348.39
4504.68
5793.15
6530.06
8366.63
8832.94
9188.00
8809.82
9263.00
29.20%5.14%AOCI
$-158.44
-165.04
-146.12
-324.02
-485.68
-791.02
-552.86
-718.27
-679.75
-529.73
-640.66
-982.78
-924.00
-953.10
-1005.00
-5.45%Shareholder's Equity
$1417.16
1681.81
1936.01
2301.40
2759.07
3057.24
4079.55
5009.90
6273.11
7120.09
9359.12
8605.73
9067.00
8642.41
9099.00
16.73%5.28%Liabilities & Equity
$7219.14
7809.54
6998.41
7647.10
11017.94
10779.59
11483.83
13456.79
16197.20
18039.14
22073.49
20513.39
22548.00
21030.10
22964.00
9.96%9.20%Net Income/Loss
$290.32
304.79
348.80
513.50
558.88
584.06
697.95
1065.95
1291.45
755.87
1841.91
1423.96
1027.00
125.07
148.00
11.10%18.33%Depreciation & Amortization
$
38.35
13.15
326.41
377.86
416.90
487.16
447.89
584.43
534.19
620.83
628.00
162.65
160.00
-1.63%Increase/Decrease in Working Capital
$188.85
144.95
-10.54
38.79
17.10
223.21
-254.27
-100.65
-639.76
140.23
-1143.74
-584.63
576.00
1323.36
1284.00
9.74%-2.97%Share-based Compensation
$
48.43
59.76
74.71
63.48
93.09
128.17
127.74
60.39
184.93
160.32
96.00
18.11
30.00
65.63%Adjustments to Reconcile Net Income
$70.89
-13.71
396.31
148.28
93.02
-133.75
12.56
65.30
-68.07
1074.91
522.26
193.52
-547.00
-869.83
-640.00
26.42%Net Cash (Operating)
$361.22
291.08
745.11
661.78
651.90
450.31
710.50
1131.25
1223.38
1830.78
2364.18
1629.09
480.00
-744.76
-492.00
2.40%33.94%Capital Expenditure
$237.67
339.94
712.66
377.48
371.78
268.50
246.74
290.61
399.46
412.98
544.39
746.02
603.00
89.28
155.00
8.07%73.61%Net Cash (Investing)
$-480.25
-197.67
-464.99
-151.56
-1618.96
-7.44
-141.41
-560.68
-721.02
-341.58
-1280.90
-832.46
-681.00
-115.07
-900.00
-682.15%Increase/Decrease in Debt
$1080.73
-42.11
-505.61
-438.63
833.44
-136.25
-551.88
-293.55
-110.69
-499.65
218.85
178.00
1108.00
1031.00
1315.00
0.21%27.55%Increase/Decrease in Equity
$-24.74
-0.36
-29.32
-5.95
-30.66
-5.62
-8.00
-163.12
-145.14
-50.03
-368.60
-1850.32
-665.00
-129.81
Interest Expenses
$138.03
161.94
117.15
118.75
88.08
125.80
117.16
104.17
86.67
67.46
41.07
89.22
191.00
39.38
100.00
2.74%153.94%Net Cash (Financing)
$711.33
-100.69
-866.28
-232.07
789.55
-199.64
-603.74
-506.60
-271.95
-625.26
-490.63
-1766.09
154.00
761.04
1192.00
-11.97%56.63%Cash Taxes Paid
$189.92
217.96
203.40
331.26
285.73
294.85
357.00
375.85
365.06
51.68
330.43
604.37
467.00
82.06
90.00
7.79%9.68%Effect of Exchange Rate
$5.68
3.39
-11.22
-29.18
-22.97
-21.06
23.84
-24.84
-0.61
81.56
-92.12
-165.47
13.00
13.73
-44.00
7.14%-420.54%Increase/Decrease in Cash
$586.61
-3.88
-597.38
248.97
-200.48
222.17
-10.80
39.13
229.80
945.50
500.53
-1134.93
-34.00
-85.06
-244.00
-186.86%Cash (Beginning)
$506.57
1093.18
1089.30
491.91
740.88
540.40
762.58
824.82
863.94
1093.74
2039.25
2539.78
1405.00
1404.85
1371.00
8.87%-2.41%Cash (Ending)
$
1089.30
491.91
740.88
540.40
762.58
751.77
863.94
1093.74
2039.25
2539.78
1404.85
1371.00
1319.79
1127.00
-14.61%NOPAT
$258.21
324.55
369.91
454.61
564.44
542.48
742.86
791.46
922.02
918.09
1412.91
960.86
708.51
17.34
253.71
8.78%1363.25%Gross Margin %
41.46%
42.55%
41.69%
38.00%
34.75%
30.20%
30.38%
22.92%
21.78%
20.06%
22.22%
21.37%
19.64%
18.95%
18.40%
Operating Margin %
7.84%
8.98%
8.58%
8.75%
7.70%
6.24%
7.54%
5.10%
5.27%
4.07%
5.90%
4.90%
3.50%
0.50%
2.57%
NOPAT Margin %
4.37%
4.98%
5.15%
5.02%
5.20%
4.15%
5.23%
3.71%
3.86%
3.85%
5.09%
3.12%
2.22%
0.23%
3.20%
Net Margin %
4.05%
4.84%
4.41%
5.35%
5.04%
4.38%
4.87%
4.98%
5.37%
3.16%
6.62%
4.57%
3.09%
1.58%
1.59%
Tax Rate %
44.21%
44.53%
39.96%
42.62%
32.48%
33.48%
30.67%
27.26%
26.82%
5.33%
13.71%
36.45%
36.57%
53.60%
-24.37%
ROA
3.58%
4.16%
5.29%
5.94%
5.12%
5.03%
6.47%
5.88%
5.69%
5.09%
6.40%
4.68%
3.14%
0.08%
1.10%
ROE
18.22%
19.30%
19.11%
19.75%
20.46%
17.74%
18.21%
15.80%
14.70%
12.89%
15.10%
11.17%
7.81%
0.20%
2.79%
ROIC
7.39%
8.44%
9.13%
10.40%
10.11%
9.35%
11.61%
11.12%
10.05%
9.35%
11.31%
8.61%
5.91%
0.16%
2.12%
Asset Turnover
0.82
0.83
1.03
1.18
0.99
1.21
1.24
1.59
1.48
1.32
1.26
1.50
1.42
0.35
0.35
Inventory Turnover
53.58
56.98
59.86
63.70
61.89
57.96
15.64
14.02
Equity Multiplier
5.09
4.64
3.61
3.32
3.99
3.53
2.81
2.69
2.58
2.53
2.36
2.38
2.49
2.43
2.52
Current Ratio
1.32
1.37
1.11
1.23
1.07
1.13
1.18
1.16
1.17
1.24
1.20
1.03
1.17
1.04
1.15
Quick Ratio
0.91
0.85
0.81
0.89
0.62
0.76
0.88
0.78
0.86
0.90
0.91
0.82
0.94
0.78
0.89
Debt/Equity Ratio
2.23
2.05
2.54
1.02
1.59
1.24
0.71
0.62
0.61
0.39
0.30
0.25
0.39
0.36
0.45
Interest Coverage Ratio
3.35
3.61
5.26
6.67
9.49
6.48
9.14
10.44
14.54
14.37
39.87
16.95
5.85
0.95
2.04
Working Capital/Sales
0.10
0.12
0.06
0.08
0.05
0.06
0.08
0.06
0.09
0.12
0.12
0.07
0.09
0.27
0.28
Total Payout
$-917.96
204.41
652.08
563.32
-714.70
267.67
677.04
560.84
342.49
617.14
190.82
1761.54
-252.00
-861.81
-1215.00
-40.98%Payout Ratio %
-355.51%
62.98%
176.28%
123.91%
-126.62%
49.34%
91.14%
70.86%
37.15%
67.22%
13.51%
183.33%
-35.57%
-4970.36%
-478.89%