XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 7,719,863 $ 7,771,278 $ 15,130,977 $ 15,104,211
Costs and expenses:        
Cost of revenue 6,179,496 6,053,984 12,185,910 11,806,178
Operating, administrative and other 1,088,812 1,188,819 2,297,716 2,254,815
Depreciation and amortization 154,387 162,359 315,878 311,391
Asset impairments 0 26,405 0 36,756
Total costs and expenses 7,422,695 7,431,567 14,799,504 14,409,140
Gain on disposition of real estate 9,261 177,226 12,321 198,818
Operating income 306,429 516,937 343,794 893,889
Equity (loss) income from unconsolidated subsidiaries (7,502) 119,168 134,181 162,039
Other income (loss) 5,612 (6,909) 8,086 (21,373)
Interest expense, net of interest income 42,982 18,518 71,396 31,344
Income before provision for income taxes 261,557 610,678 414,665 1,003,211
Provision for income taxes 55,404 120,762 83,439 117,024
Net income 206,153 489,916 331,226 886,187
Less: Net income attributable to non-controlling interests 4,750 2,594 12,931 6,568
Net income attributable to CBRE Group, Inc. $ 201,403 $ 487,322 $ 318,295 $ 879,619
Basic income per share:        
Net income per share attributable to CBRE Group, Inc. (in dollars per share) $ 0.65 $ 1.50 $ 1.02 $ 2.68
Weighted average shares outstanding for basic income per share (in shares) 310,857,203 325,415,305 310,662,324 328,692,585
Diluted income per share:        
Net income per share attributable to CBRE Group, Inc. (in dollars per share) $ 0.64 $ 1.48 $ 1.01 $ 2.64
Weighted average shares outstanding for diluted income per share (in shares) 314,282,247 329,843,710 314,821,615 333,514,398