XML 60 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 628,451 $ 971,781
Restricted cash 104,244 121,964
Receivables, less allowance for doubtful accounts of $80,543 and $72,725 at March 31, 2020 and December 31, 2019, respectively 4,262,264 4,466,674
Warehouse receivables 1,273,259 993,058
Contract assets 329,988 328,012
Prepaid expenses 287,556 282,741
Income taxes receivable 88,153 93,915
Other current assets 289,672 276,319
Total Current Assets 7,263,587 7,534,464
Property and equipment, net 800,869 836,206
Goodwill 3,673,758 3,753,493
Other intangible assets, net of accumulated amortization of $1,390,807 and $1,358,528 at March 31, 2020 and December 31, 2019, respectively 1,339,786 1,379,546
Operating lease assets 997,793 997,966
Investments in unconsolidated subsidiaries 422,910 426,711
Non-current contract assets 200,673 201,760
Real estate under development 170,932 185,508
Deferred tax assets, net 89,046 73,864
Non-current income taxes receivable 29,510 139,136
Other assets, net 691,400 668,542
Total Assets 15,680,264 16,197,196
Current Liabilities:    
Accounts payable and accrued expenses 2,365,003 2,436,084
Compensation and employee benefits payable 1,237,963 1,324,990
Accrued bonus and profit sharing 693,806 1,261,974
Operating lease liabilities 183,159 168,663
Contract liabilities 106,995 108,671
Income taxes payable 81,758 30,207
Short-term borrowings:    
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 1,258,832 977,175
Other 5,208 4,534
Total short-term borrowings 1,264,040 981,709
Current maturities of long-term debt 1,718 1,814
Other current liabilities 130,984 122,339
Total Current Liabilities 6,065,426 6,436,451
Long-term debt, net of current maturities 1,754,518 1,761,245
Non-current operating lease liabilities 1,045,708 1,057,758
Non-current tax liabilities 92,119 85,966
Deferred tax liabilities, net 50,686 34,593
Non-current income taxes payable 40,562 93,647
Other liabilities 461,698 454,424
Total Liabilities 9,510,717 9,924,084
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 335,145,077 and 334,752,283 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 3,351 3,348
Additional paid-in capital 1,026,768 1,115,944
Accumulated earnings 5,950,263 5,793,149
Accumulated other comprehensive loss (851,039) (679,748)
Total CBRE Group, Inc. Stockholders’ Equity 6,129,343 6,232,693
Non-controlling interests 40,204 40,419
Total Equity 6,169,547 6,273,112
Total Liabilities and Equity $ 15,680,264 $ 16,197,196