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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 928,000 $ 1,265,000
Restricted cash 105,000 106,000
Receivables, less allowance for doubtful accounts of $103.7 and $102.0 at June 30, 2024 and December 31, 2023, respectively 6,304,000 6,370,000
Warehouse receivables 973,000 675,000
Contract assets 453,600 442,900
Prepaid expenses 342,000 333,000
Income taxes receivable 190,000 159,000
Other current assets 357,000 315,000
Total Current Assets 9,653,000 9,666,000
Property and equipment, net of accumulated depreciation and amortization of $1,703.4 and $1,576.1 at June 30, 2024 and December 31, 2023, respectively 895,000 907,000
Goodwill 5,667,000 5,129,000
Other intangible assets, net of accumulated amortization of $2,327.8 and $2,178.9 at June 30, 2024 and December 31, 2023, respectively 2,385,000 2,081,000
Operating lease assets 1,032,000 1,030,000
Investments in unconsolidated subsidiaries (with $904.6 and $997.3 at fair value at June 30, 2024 and December 31, 2023, respectively) 1,309,000 1,374,000
Non-current contract assets 92,000 75,000
Real estate under development 380,000 300,000
Non-current income taxes receivable 77,000 78,000
Deferred tax assets, net 338,000 361,000
Other assets, net 1,634,000 1,547,000
Total Assets 23,462,000 22,548,000
Current Liabilities:    
Accounts payable and accrued expenses 3,568,000 3,562,000
Compensation and employee benefits payable 1,230,000 1,459,000
Accrued bonus and profit sharing 974,000 1,556,000
Operating lease liabilities 244,000 242,000
Contract liabilities 311,000 297,600
Income taxes payable 128,000 217,000
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 961,000 666,000
Revolving credit facility 940,000 0
Other short-term borrowings 7,000 16,000
Current maturities of long-term debt 28,000 9,000
Other current liabilities 238,000 218,000
Total Current Liabilities 8,629,000 8,243,000
Long-term debt, net of current maturities 3,272,000 2,804,000
Non-current operating lease liabilities 1,091,000 1,089,000
Non-current income taxes payable 0 30,000
Non-current tax liabilities 148,000 157,000
Deferred tax liabilities, net 248,000 255,000
Other liabilities 885,000 903,000
Total Liabilities 14,273,000 13,481,000
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 306,473,349 and 304,889,140 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 3,000 3,000
Additional paid-in capital 0 0
Accumulated earnings 9,384,000 9,188,000
Accumulated other comprehensive loss (1,031,000) (924,000)
Total CBRE Group, Inc. Stockholders’ Equity 8,356,000 8,267,000
Non-controlling interests 833,000 800,000
Total Equity 9,189,000 9,067,000
Total Liabilities and Equity $ 23,462,000 $ 22,548,000