XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 5,381,384 $ 5,714,073 $ 11,270,552 $ 10,849,583
Costs and expenses:        
Cost of revenue 4,399,537 4,445,790 9,112,211 8,467,824
Operating, administrative and other 770,806 877,397 1,560,872 1,670,273
Depreciation and amortization 116,384 106,479 230,178 212,302
Asset impairments     75,171 89,037
Total costs and expenses 5,286,727 5,429,666 10,978,432 10,439,436
(Loss) gain on disposition of real estate (492) 10 22,335 19,257
Operating income 94,165 284,417 314,455 429,404
Equity income from unconsolidated subsidiaries 19,480 21,773 40,111 94,437
Other income 5,220 4,369 5,027 25,222
Interest expense, net of interest income 17,950 24,600 33,966 45,792
Write-off of financing costs on extinguished debt       2,608
Income before provision for income taxes 100,915 285,959 325,627 500,663
Provision for income taxes 18,803 62,521 69,985 106,399
Net income 82,112 223,438 255,642 394,264
Less: Net income (loss) attributable to non-controlling interests 215 (293) 1,550 6,124
Net income attributable to CBRE Group, Inc. $ 81,897 $ 223,731 $ 254,092 $ 388,140
Basic income per share:        
Net income per share attributable to CBRE Group, Inc. $ 0.24 $ 0.67 $ 0.76 $ 1.15
Weighted average shares outstanding for basic income per share 335,126,126 336,222,471 335,048,115 336,122,100
Diluted income per share:        
Net income per share attributable to CBRE Group, Inc. $ 0.24 $ 0.66 $ 0.75 $ 1.14
Weighted average shares outstanding for diluted income per share 337,361,419 340,508,931 338,549,805 340,334,315