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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,231,325 $ 1,318,290
Restricted cash 88,464 86,559
Receivables, less allowance for doubtful accounts of $92,086 and $92,354 at March 31, 2023 and December 31, 2022, respectively 5,468,926 5,326,807
Warehouse receivables 792,294 455,354
Contract assets 384,010 391,626
Prepaid expenses 329,361 311,508
Income taxes receivable 140,922 81,528
Other current assets 611,098 557,009
Total Current Assets 9,046,400 8,528,681
Property and equipment, net of accumulated depreciation and amortization of $1,458,857 and $1,386,261 at March 31, 2023 and December 31, 2022, respectively 833,269 836,041
Goodwill 4,933,818 4,868,382
Other intangible assets, net of accumulated amortization of $1,983,009 and $1,915,725 at March 31, 2023 and December 31, 2022, respectively 2,152,939 2,192,706
Operating lease assets 980,741 1,033,011
Investments in unconsolidated subsidiaries (with $950,985 and $973,635 at fair value at March 31, 2023 and December 31, 2022, respectively) 1,295,088 1,317,705
Non-current contract assets 138,690 137,480
Real estate under development 180,290 172,253
Non-current income taxes receivable 59,471 51,910
Deferred tax assets, net 274,843 265,554
Other assets, net 1,134,548 1,109,666
Total Assets 21,030,097 20,513,389
Current Liabilities:    
Accounts payable and accrued expenses 3,008,485 3,078,781
Compensation and employee benefits payable 1,410,582 1,459,001
Accrued bonus and profit sharing 932,619 1,691,118
Operating lease liabilities 232,369 229,591
Contract liabilities 262,189 276,334
Income taxes payable 192,754 184,453
Short-term borrowings:    
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 782,637 447,840
Revolving credit facility 1,209,000 178,000
Other short-term borrowings 17,153 42,914
Total short-term borrowings 2,008,790 668,754
Current maturities of long-term debt 433,433 427,792
Other current liabilities 236,241 226,170
Total Current Liabilities 8,717,462 8,241,994
Long-term debt, net of current maturities 1,086,268 1,085,712
Non-current operating lease liabilities 1,052,823 1,080,385
Non-current income taxes payable 54,761 54,761
Non-current tax liabilities 154,943 148,806
Deferred tax liabilities, net 276,681 282,073
Other liabilities 1,044,749 1,013,926
Total Liabilities 12,387,687 11,907,657
Commitments and contingencies 0 0
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 310,786,159 and 311,014,160 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 3,108 3,110
Additional paid-in capital 0 0
Accumulated earnings 8,809,824 8,832,943
Accumulated other comprehensive loss (953,098) (982,780)
Total CBRE Group, Inc. Stockholders’ Equity 7,859,834 7,853,273
Non-controlling interests 782,576 752,459
Total Equity 8,642,410 8,605,732
Total Liabilities and Equity $ 21,030,097 $ 20,513,389