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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,318,290 $ 2,430,951
Restricted cash 86,559 108,830
Receivables, less allowance for doubtful accounts of $92,354 and $97,588 at December 31, 2022 and 2021, respectively 5,326,807 5,150,473
Warehouse receivables 455,354 1,303,717
Contract assets 391,626 338,749
Prepaid expenses 311,508 333,885
Income taxes receivable 81,528 44,104
Other current assets 557,009 371,656
Total Current Assets 8,528,681 10,082,365
Property and equipment, net of accumulated depreciation and amortization of $1,386,261 and $1,288,509 at December 31, 2022 and 2021, respectively 836,041 816,092
Goodwill 4,868,382 4,995,175
Other intangible assets, net of accumulated amortization of $1,915,725 and $1,725,280 at December 31, 2022 and 2021, respectively 2,192,706 2,409,427
Operating lease assets 1,033,011 1,046,377
Investments in unconsolidated subsidiaries (with $973,635 and $918,226 at fair value at December 31, 2022 and 2021, respectively) 1,317,705 1,196,088
Non-current contract assets 137,480 135,626
Real estate under development 172,253 326,416
Non-current income taxes receivable 51,910 33,150
Deferred tax assets, net 265,554 157,032
Other assets, net 1,109,666 875,743
Total Assets 20,513,389 22,073,491
Current Liabilities:    
Accounts payable and accrued expenses 3,078,781 2,916,331
Compensation and employee benefits payable 1,459,001 1,539,291
Accrued bonus and profit sharing 1,691,118 1,694,590
Operating lease liabilities 229,591 232,423
Contract liabilities 276,334 280,659
Income taxes payable 184,453 246,035
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 447,840 1,277,451
Revolving credit facility 178,000 0
Other short-term borrowings 42,914 32,668
Current maturities of long-term debt 427,792 0
Other current liabilities 226,170 199,421
Total Current Liabilities 8,241,994 8,418,869
Long-term debt, net of current maturities 1,085,712 1,538,123
Non-current operating lease liabilities 1,080,385 1,116,562
Non-current income taxes payable 54,761 54,761
Non-current tax liabilities 148,806 144,884
Deferred tax liabilities, net 282,073 405,258
Other liabilities 1,013,926 1,035,917
Total Liabilities 11,907,657 12,714,374
Commitments and contingencies 0 0
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 311,014,160 and 332,875,959 shares issued and outstanding at December 31, 2022 and 2021, respectively 3,110 3,329
Additional paid-in capital 0 798,892
Accumulated earnings 8,832,943 8,366,631
Accumulated other comprehensive loss (982,780) (640,659)
Total CBRE Group, Inc. Stockholders’ Equity 7,853,273 8,528,193
Non-controlling interests 752,459 830,924
Total Equity 8,605,732 9,359,117
Total Liabilities and Equity $ 20,513,389 $ 22,073,491