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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,382 $ 1,114
Restricted cash 131 107
Receivables, less allowance for doubtful accounts of $108 and $101 at March 31, 2025 and December 31, 2024, respectively 6,753 7,005
Warehouse receivables 1,192 561
Contract assets 411 400
Prepaid expenses 332 332
Income taxes receivable 103 130
Other current assets 527 321
Total Current Assets 10,831 9,970
Property and equipment, net of accumulated depreciation and amortization of $1,904 and $1,795 at March 31, 2025 and December 31, 2024, respectively 950 914
Goodwill 6,260 5,621
Other intangible assets, net of accumulated amortization of $2,601 and $2,494 at March 31, 2025 and December 31, 2024, respectively 2,497 2,298
Operating lease assets 1,881 1,198
Investments in unconsolidated subsidiaries (with $565 and $890 at fair value at March 31, 2025 and December 31, 2024, respectively) 982 1,295
Non-current contract assets 92 89
Real estate under development 371 505
Non-current income taxes receivable 80 75
Deferred tax assets, net 556 538
Other assets, net 1,866 1,880
Total Assets 26,366 24,383
Current Liabilities:    
Accounts payable and accrued expenses 3,939 4,102
Compensation and employee benefits payable 1,357 1,419
Accrued bonus and profit sharing 942 1,695
Operating lease liabilities 274 200
Contract liabilities 403 375
Income taxes payable 111 209
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 1,178 552
Revolving credit facility 0 132
Other short-term borrowings 1,598 222
Current maturities of long-term debt 666 36
Other current liabilities 400 345
Total Current Liabilities 10,868 9,287
Long-term debt, net of current maturities 3,207 3,245
Non-current operating lease liabilities 1,940 1,307
Non-current tax liabilities 167 160
Deferred tax liabilities, net 245 247
Other liabilities 935 945
Total Liabilities 17,362 15,191
Mezzanine Equity:    
Redeemable non-controlling interests in consolidated entities 371 0
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 299,584,021 and 302,052,229 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 3 3
Additional paid-in capital 0 0
Accumulated earnings 9,386 9,567
Accumulated other comprehensive loss (1,107) (1,159)
Total CBRE Group, Inc. Stockholders’ Equity 8,282 8,411
Non-controlling interests 351 781
Total Equity 8,633 9,192
Total Liabilities and Equity $ 26,366 $ 24,383