XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 2,142,820 $ 1,896,188
Restricted cash 113,989 143,059
Receivables, less allowance for doubtful accounts of $95,184 and $95,533 at June 30, 2021 and December 31, 2020, respectively 4,426,189 4,394,954
Warehouse receivables 1,117,677 1,411,170
Prepaid expenses 327,562 294,992
Contract assets 322,889 318,191
Income taxes receivable 114,417 93,756
Other current assets 321,346 293,321
Total Current Assets 8,886,889 8,845,631
Property and equipment, net 741,946 815,009
Goodwill 3,892,134 3,821,609
Other intangible assets, net of accumulated amortization of $1,656,750 and $1,556,537 at June 30, 2021 and December 31, 2020, respectively 1,345,143 1,367,913
Operating lease assets 1,001,608 1,020,352
Investments in unconsolidated subsidiaries (with $361,143 and $116,314 at fair value at June 30, 2021 and December 31, 2020, respectively) 747,608 452,365
Non-current contract assets 138,025 153,636
Real estate under development 308,431 277,630
Non-current income taxes receivable 19,287 43,555
Deferred tax assets, net 93,337 91,529
Investments held in trust - special purpose acquisition company 402,511 402,501
Other assets, net 881,433 747,413
Total Assets 18,458,352 18,039,143
Current Liabilities:    
Accounts payable and accrued expenses 2,485,081 2,692,939
Compensation and employee benefits payable 1,269,837 1,287,383
Accrued bonus and profit sharing 877,204 1,183,786
Operating lease liabilities 216,879 208,526
Contract liabilities 197,402 162,045
Income taxes payable 109,586 57,892
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 1,102,156 1,383,964
Other short-term borrowings 5,561 5,330
Current maturities of long-term debt 1,181 1,514
Other current liabilities 133,094 160,604
Total Current Liabilities 6,397,981 7,143,983
Long-term debt, net of current maturities 1,854,327 1,380,202
Non-current operating lease liabilities 1,071,499 1,116,795
Non-current tax liabilities 99,807 87,954
Non-current income taxes payable 54,761 54,761
Deferred tax liabilities, net 145,928 124,485
Other liabilities 710,862 625,303
Total Liabilities 10,335,165 10,533,483
Commitments and contingencies 0 0
Non-controlling interest subject to possible redemption - special purpose acquisition company 402,511 385,573
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 335,706,818 and 335,561,345 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 3,357 3,356
Additional paid-in capital 1,001,832 1,074,639
Accumulated earnings 7,238,896 6,530,057
Accumulated other comprehensive loss (564,564) (529,726)
Total CBRE Group, Inc. Stockholders’ Equity 7,679,521 7,078,326
Non-controlling interests 41,155 41,761
Total Equity 7,720,676 7,120,087
Total Liabilities and Equity $ 18,458,352 $ 18,039,143