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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,261,174 $ 1,318,290
Restricted cash 96,152 86,559
Receivables, less allowance for doubtful accounts of $96,764 and $92,354 at June 30, 2023 and December 31, 2022, respectively 5,552,692 5,326,807
Warehouse receivables 1,009,770 455,354
Contract assets 369,652 391,626
Prepaid expenses 352,678 311,508
Income taxes receivable 192,593 81,528
Other current assets 634,997 557,009
Total Current Assets 9,469,708 8,528,681
Property and equipment, net of accumulated depreciation and amortization of $1,529,028 and $1,386,261 at June 30, 2023 and December 31, 2022, respectively 848,852 836,041
Goodwill 5,043,708 4,868,382
Other intangible assets, net of accumulated amortization of $2,062,216 and $1,915,725 at June 30, 2023 and December 31, 2022, respectively 2,129,915 2,192,706
Operating lease assets 983,782 1,033,011
Investments in unconsolidated subsidiaries (with $944,505 and $973,635 at fair value at June 30, 2023 and December 31, 2022, respectively) 1,306,769 1,317,705
Non-current contract assets 140,336 137,480
Real estate under development 212,554 172,253
Non-current income taxes receivable 65,815 51,910
Deferred tax assets, net 306,430 265,554
Other assets, net 1,224,198 1,109,666
Total Assets 21,732,067 20,513,389
Current Liabilities:    
Accounts payable and accrued expenses 2,886,203 3,078,781
Compensation and employee benefits payable 1,365,963 1,459,001
Accrued bonus and profit sharing 1,013,554 1,691,118
Operating lease liabilities 242,824 229,591
Contract liabilities 263,703 276,334
Income taxes payable 168,702 184,453
Short-term borrowings:    
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 997,235 447,840
Revolving credit facility 583,000 178,000
Other short-term borrowings 6,199 42,914
Total short-term borrowings 1,586,434 668,754
Current maturities of long-term debt 436,205 427,792
Other current liabilities 189,452 226,170
Total Current Liabilities 8,153,040 8,241,994
Long-term debt, net of current maturities 2,059,797 1,085,712
Non-current operating lease liabilities 1,051,341 1,080,385
Non-current income taxes payable 30,428 54,761
Non-current tax liabilities 138,668 148,806
Deferred tax liabilities, net 280,033 282,073
Other liabilities 1,125,123 1,013,926
Total Liabilities 12,838,430 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; 310,876,434 and 311,014,160 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 3,109 3,110
Additional paid-in capital 12,510 0
Accumulated earnings 9,011,227 8,832,943
Accumulated other comprehensive loss (928,788) (982,780)
Total CBRE Group, Inc. Stockholders’ Equity 8,098,058 7,853,273
Non-controlling interests 795,579 752,459
Total Equity 8,893,637 8,605,732
Total Liabilities and Equity $ 21,732,067 $ 20,513,389