XML 14 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,214,213 $ 971,781
Restricted cash 99,521 121,964
Receivables, less allowance for doubtful accounts of $94,368 and $72,725 at June 30, 2020 and December 31, 2019, respectively 4,134,789 4,466,674
Warehouse receivables 765,130 993,058
Prepaid expenses 315,823 282,741
Contract assets 288,896 328,012
Income taxes receivable 103,067 93,915
Other current assets 267,996 276,319
Total Current Assets 7,189,435 7,534,464
Property and equipment, net 824,748 836,206
Goodwill 3,695,742 3,753,493
Other intangible assets, net of accumulated amortization of $1,439,882 and $1,358,528 at June 30, 2020 and December 31, 2019, respectively 1,330,599 1,379,546
Operating lease assets 1,063,529 997,966
Investments in unconsolidated subsidiaries 386,123 426,711
Real estate under development 191,425 185,508
Non-current contract assets 189,583 201,760
Deferred tax assets, net 102,858 73,864
Non-current income taxes receivable 34,414 139,136
Other assets, net 691,958 668,542
Total Assets 15,700,414 16,197,196
Current Liabilities:    
Accounts payable and accrued expenses 2,329,218 2,436,084
Compensation and employee benefits payable 1,101,275 1,324,990
Accrued bonus and profit sharing 638,349 1,261,974
Operating lease liabilities 191,895 168,663
Contract liabilities 128,415 108,671
Income taxes payable 107,549 30,207
Short-term borrowings:    
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 753,894 977,175
Revolving credit facility 451,000  
Other 5,295 4,534
Total short-term borrowings 1,210,189 981,709
Current maturities of long-term debt 1,540 1,814
Other current liabilities 144,468 122,339
Total Current Liabilities 5,852,898 6,436,451
Long-term debt, net of current maturities 1,763,113 1,761,245
Non-current operating lease liabilities 1,118,476 1,057,758
Non-current tax liabilities 93,300 85,966
Deferred tax liabilities, net 72,607 34,593
Non-current income taxes payable 40,562 93,647
Other liabilities 474,407 454,424
Total Liabilities 9,415,363 9,924,084
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 335,240,052 and 334,752,283 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 3,352 3,348
Additional paid-in capital 1,046,999 1,115,944
Accumulated earnings 6,032,160 5,793,149
Accumulated other comprehensive loss (838,517) (679,748)
Total CBRE Group, Inc. Stockholders’ Equity 6,243,994 6,232,693
Non-controlling interests 41,057 40,419
Total Equity 6,285,051 6,273,112
Total Liabilities and Equity $ 15,700,414 $ 16,197,196