CBRE GROUP INC

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

CBRE$134.79-2.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets at and

CONSOLIDATED BALANCE SHEETS

(Dollars in millions, except share data)

	December 31,
	2023	2022
ASSETS
Current Assets:
Cash and cash equivalents	$1,265	$1,318
Restricted cash	106	87
Receivables, less allowance for doubtful accounts of $102.0 and $92.4 at December 31, 2023 and 2022, respectively	6,370	5,327
Warehouse receivables	675	455
Contract assets	443	392
Prepaid expenses	333	311
Income taxes receivable	159	82
Other current assets	315	557
Total Current Assets	9,666	8,529
Property and equipment, net of accumulated depreciation and amortization of $1,576.1 and $1,386.3 at December 31, 2023 and 2022, respectively	907	836
Goodwill	5,129	4,868
Other intangible assets, net of accumulated amortization of $2,178.9 and $1,915.7 at December 31, 2023 and 2022, respectively	2,081	2,193
Operating lease assets	1,030	1,033
Investments in unconsolidated subsidiaries (with $997.3 and $973.6 at fair value at December 31, 2023 and 2022, respectively)	1,374	1,318
Non-current contract assets	75	137
Real estate under development	300	172
Non-current income taxes receivable	78	52
Deferred tax assets, net	361	266
Other assets, net	1,547	1,109
Total Assets	$22,548	$20,513
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$3,562	$3,079
Compensation and employee benefits payable	1,459	1,459
Accrued bonus and profit sharing	1,556	1,691
Operating lease liabilities	242	230
Contract liabilities	298	276
Income taxes payable	217	184
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	666	448
Revolving credit facility	—	178
Other short-term borrowings	16	43
Current maturities of long-term debt	9	428
Other current liabilities	218	226
Total Current Liabilities	8,243	8,242
Long-term debt, net of current maturities	2,804	1,086
Non-current operating lease liabilities	1,089	1,080
Non-current income taxes payable	30	55
Non-current tax liabilities	157	149
Deferred tax liabilities, net	255	282
Other liabilities	903	1,013
Total Liabilities	13,481	11,907
Commitments and contingencies	—	—
Equity:
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 304,889,140 and 311,014,160 shares issued and outstanding at December 31, 2023 and 2022, respectively	3	3
Additional paid-in capital	—	—
Accumulated earnings	9,188	8,833
Accumulated other comprehensive loss	(924)	(983)
Total CBRE Group, Inc. Stockholders’ Equity	8,267	7,853
Non-controlling interests	800	753
Total Equity	9,067	8,606
Total Liabilities and Equity	$22,548	$20,513

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.