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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,481,924 $ 971,781
Restricted cash 164,633 121,964
Receivables, less allowance for doubtful accounts of $111,777 and $72,725 at September 30, 2020 and December 31, 2019, respectively 3,997,998 4,466,674
Warehouse receivables 1,211,886 993,058
Prepaid expenses 284,947 282,741
Contract assets 282,031 328,012
Income taxes receivable 62,736 93,915
Other current assets 285,220 276,319
Total Current Assets 7,771,375 7,534,464
Property and equipment, net 818,333 836,206
Goodwill 3,744,269 3,753,493
Other intangible assets, net of accumulated amortization of $1,496,563 and $1,358,528 at September 30, 2020 and December 31, 2019, respectively 1,333,917 1,379,546
Operating lease assets 1,057,992 997,966
Investments in unconsolidated subsidiaries 392,569 426,711
Real estate under development 228,038 185,508
Non-current contract assets 177,801 201,760
Deferred tax assets, net 95,380 73,864
Non-current income taxes receivable 39,467 139,136
Other assets, net 687,935 668,542
Total Assets 16,347,076 16,197,196
Current Liabilities:    
Accounts payable and accrued expenses 2,428,845 2,436,084
Compensation and employee benefits payable 1,222,607 1,324,990
Accrued bonus and profit sharing 808,353 1,261,974
Operating lease liabilities 189,641 168,663
Contract liabilities 132,499 108,671
Income taxes payable 50,965 30,207
Short-term borrowings:    
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 1,191,834 977,175
Other 5,028 4,534
Total short-term borrowings 1,196,862 981,709
Current maturities of long-term debt 1,526 1,814
Other current liabilities 120,974 122,339
Total Current Liabilities 6,152,272 6,436,451
Long-term debt, net of current maturities 1,783,212 1,761,245
Non-current operating lease liabilities 1,125,005 1,057,758
Non-current tax liabilities 84,633 85,966
Deferred tax liabilities, net 71,892 34,593
Non-current income taxes payable 40,562 93,647
Other liabilities 495,198 454,424
Total Liabilities 9,752,774 9,924,084
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 335,438,893 and 334,752,283 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 3,354 3,348
Additional paid-in capital 1,064,849 1,115,944
Accumulated earnings 6,216,292 5,793,149
Accumulated other comprehensive loss (731,399) (679,748)
Total CBRE Group, Inc. Stockholders’ Equity 6,553,096 6,232,693
Non-controlling interests 41,206 40,419
Total Equity 6,594,302 6,273,112
Total Liabilities and Equity $ 16,347,076 $ 16,197,196