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CBRE GROUP, INC. (CBRE)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Americas       11,070.06,201.75,203.8
    EMEA       4,128.92,984.32,344.3
    Asia Pacific       1,729.51,143.5967.8
    Global Investment Management       369.8460.7468.9
    Other       70.965.665.2
Total revenues  26,950.423,170.123,274.120,778.118,152.517,369.110,855.89,049.9
            Revenue growth   [+]16.3%-0.4%12.0%14.5%4.5%60.0%20.0%26.0%
Cost of goods sold  21,579.519,047.618,689.016,449.214,305.113,420.97,082.95,611.3
Gross profit  5,370.94,122.54,585.14,328.93,847.43,948.23,772.93,438.7
            Gross margin  19.9%17.8%19.7%20.8%21.2%22.7%34.8%38.0%
Selling, general and administrative  4,074.23,306.23,436.03,365.82,858.72,780.32,633.6265.1
Equity in earnings  618.7126.2160.9324.7210.2197.4162.8101.7
Other operating expenses  -856.0-743.9-639.8-576.9-496.1-15.9-10.82,116.2
EBITDA   [+]2,771.31,686.31,949.81,864.61,695.01,381.11,312.91,159.1
            EBITDA margin  10.3%7.3%8.4%9.0%9.3%8.0%12.1%12.8%
Depreciation  249.4274.6213.5193.3167.4155.2138.8127.0
EBITA  2,522.01,411.71,736.31,671.41,527.61,225.91,174.11,032.1
            EBITA margin  9.4%6.1%7.5%8.0%8.4%7.1%10.8%11.4%
Amortization of intangibles  276.5227.1225.7258.7238.7211.7175.3138.1
EBIT   [+]2,245.51,184.61,510.61,412.71,288.91,014.2998.8894.0
            EBIT margin  8.3%5.1%6.5%6.8%7.1%5.8%9.2%9.9%
Non-recurring items   [+]-10.788.789.8     
Interest expense, net   [+]50.467.885.898.7127.0136.8112.6105.8
Other income (expense), net   [+]203.6-58.226.365.09.44.7-6.5-10.9
Pre-tax income  2,409.4970.01,361.31,379.01,171.3882.1879.7777.3
Income taxes  567.5214.169.9313.1467.8296.9320.9263.8
            Tax rate  23.6%22.1%5.1%22.7%39.9%33.7%36.5%33.9%
Minority interest  5.33.99.12.76.512.111.729.0
Net income  1,836.6752.01,282.41,063.2697.1573.1547.1484.5
            Net margin  6.8%3.2%5.5%5.1%3.8%3.3%5.0%5.4%
   
Basic EPS   [+]$5.48$2.24$3.82$3.13$2.06$1.71$1.64$1.47
Diluted EPS   [+]$5.41$2.22$3.77$3.10$2.05$1.69$1.63$1.45
   
Shares outstanding (basic)   [+]335.2335.2335.8339.3337.7335.4332.6330.6
Shares outstanding (diluted)   [+]339.7338.4340.5343.1340.8338.4336.4334.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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