2013 Q3 Form 10-Q Financial Statement

#000119312513437838 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $1.734B $1.557B
YoY Change 11.35% 1.48%
Cost Of Revenue $1.032B $915.2M
YoY Change 12.79% 2.31%
Gross Profit $701.5M $641.9M
YoY Change 9.29% 0.32%
Gross Profit Margin 40.46% 41.22%
Selling, General & Admin $496.6M $482.4M
YoY Change 2.94% 2.84%
% of Gross Profit 70.79% 75.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.50M $40.10M
YoY Change 18.45% 28.12%
% of Gross Profit 6.77% 6.25%
Operating Expenses $496.6M $482.4M
YoY Change 2.95% -3.62%
Operating Profit $158.1M $103.6M
YoY Change 52.63% -27.56%
Interest Expense $27.78M $43.65M
YoY Change -36.35% 11.7%
% of Operating Profit 17.57% 42.14%
Other Income/Expense, Net $5.125M $151.0K
YoY Change 3294.04% -102.6%
Pretax Income $150.3M $64.90M
YoY Change 131.59% -39.52%
Income Tax $56.13M $22.16M
% Of Pretax Income 37.34% 34.14%
Net Earnings $94.44M $39.71M
YoY Change 137.84% -37.77%
Net Earnings / Revenue 5.45% 2.55%
Basic Earnings Per Share $0.29 $0.12
Diluted Earnings Per Share $0.28 $0.12
COMMON SHARES
Basic Shares Outstanding 328.3M shares 322.3M shares
Diluted Shares Outstanding 332.1M shares 327.3M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $573.0M $874.0M
YoY Change -34.44% 12.2%
Cash & Equivalents $502.6M $776.3M
Short-Term Investments $71.00M $98.00M
Other Short-Term Assets $56.75M $48.13M
YoY Change 17.91% -93.57%
Inventory $16.00M
Prepaid Expenses $97.50M $103.8M
Receivables $1.234B $1.128B
Other Receivables $281.0M $552.0M
Total Short-Term Assets $2.559B $3.037B
YoY Change -15.75% -5.85%
LONG-TERM ASSETS
Property, Plant & Equipment $394.3M $334.9M
YoY Change 17.74% 33.94%
Goodwill $1.900B $1.845B
YoY Change 2.94%
Intangibles $800.6M $769.6M
YoY Change 4.02%
Long-Term Investments $267.0M $269.0M
YoY Change -0.74% 48.62%
Other Assets $147.3M $141.6M
YoY Change 4.01% -78.61%
Total Long-Term Assets $3.618B $3.732B
YoY Change -3.03% 17.01%
TOTAL ASSETS
Total Short-Term Assets $2.559B $3.037B
Total Long-Term Assets $3.618B $3.732B
Total Assets $6.177B $6.769B
YoY Change -8.74% 5.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $537.0M $515.0M
YoY Change 4.27% 3.83%
Accrued Expenses $819.0M $740.0M
YoY Change 10.68% 12.12%
Deferred Revenue
YoY Change
Short-Term Debt $319.2M $531.0M
YoY Change -39.89% -39.93%
Long-Term Debt Due $42.22M $71.06M
YoY Change -40.58% 54.48%
Total Short-Term Liabilities $1.843B $2.144B
YoY Change -14.06% -3.76%
LONG-TERM LIABILITIES
Long-Term Debt $1.810B $2.372B
YoY Change -23.69% -3.83%
Other Long-Term Liabilities $263.5M $255.7M
YoY Change 3.06% -23.46%
Total Long-Term Liabilities $2.073B $2.627B
YoY Change -21.09% -6.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.843B $2.144B
Total Long-Term Liabilities $2.073B $2.627B
Total Liabilities $4.341B $5.250B
YoY Change -17.31% -1.56%
SHAREHOLDERS EQUITY
Retained Earnings $941.9M $567.1M
YoY Change 66.11%
Common Stock $969.7M $944.2M
YoY Change 2.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.758B $1.340B
YoY Change
Total Liabilities & Shareholders Equity $6.177B $6.769B
YoY Change -8.74% 5.51%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $94.44M $39.71M
YoY Change 137.84% -37.77%
Depreciation, Depletion And Amortization $47.50M $40.10M
YoY Change 18.45% 28.12%
Cash From Operating Activities $149.9M $81.80M
YoY Change 83.25% -68.6%
INVESTING ACTIVITIES
Capital Expenditures -$39.10M -$41.90M
YoY Change -6.68% -13.25%
Acquisitions
YoY Change
Other Investing Activities $400.0K $21.90M
YoY Change -98.17% -104.01%
Cash From Investing Activities -$38.70M -$20.00M
YoY Change 93.5% -96.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -99.60M -21.80M
YoY Change 356.88% -108.39%
NET CHANGE
Cash From Operating Activities 149.9M 81.80M
Cash From Investing Activities -38.70M -20.00M
Cash From Financing Activities -99.60M -21.80M
Net Change In Cash 11.60M 40.00M
YoY Change -71.0% -154.2%
FREE CASH FLOW
Cash From Operating Activities $149.9M $81.80M
Capital Expenditures -$39.10M -$41.90M
Free Cash Flow $189.0M $123.7M
YoY Change 52.79% -59.94%

Facts In Submission

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dei Trading Symbol
TradingSymbol
CBG
dei Entity Registrant Name
EntityRegistrantName
CBRE GROUP, INC.
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001138118
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Basis Of Accounting
BasisOfAccounting
<div> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>1. Basis of Presentation</b></font></p> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The accompanying consolidated financial statements of CBRE Group, Inc., a Delaware corporation (which may be referred to in these financial statements as the &#x201C;company&#x201D;, &#x201C;we&#x201D;, &#x201C;us&#x201D; and &#x201C;our&#x201D;), have been prepared in accordance with the rules applicable to Quarterly Reports on Form 10-Q and include all information and footnotes required for interim financial statement presentation, but do not include all disclosures required under accounting principles generally accepted in the United States (GAAP) for annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments, except as otherwise noted) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, and reported amounts of revenue and expenses. Such estimates include the value of goodwill, intangibles and other long-lived assets, real estate assets, accounts receivable, investments in unconsolidated subsidiaries and assumptions used in the calculation of income taxes, retirement and other post-employment benefits, among others. These estimates and assumptions are based on management&#x2019;s best judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including consideration of the current economic environment, and adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Certain reclassifications have been made to the 2012 financial statements to conform with the 2013 presentation.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The results of operations for the three and nine months ended September&#xA0;30, 2013 are not necessarily indicative of the results of operations to be expected for the year ending December&#xA0;31, 2013. The unaudited interim consolidated financial statements and notes to consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December&#xA0;31, 2012, which contains the latest available audited consolidated financial statements and notes thereto, which are as of and for the year ended December&#xA0;31, 2012.</font></p> </div>
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
3216664 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
234640000
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>2. New Accounting Pronouncements</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In March 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2013-05, <i>&#x201C;Foreign Currency Matters (Topic 830): Parent&#x2019;s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.&#x201D;</i> This ASU states that when a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity, the parent is required to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. ASU 2013-05 is effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December&#xA0;15, 2013, with early adoption permitted. We do not believe the adoption of this update will have a material effect on our consolidated financial position or results of operations.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In July 2013, the FASB issued ASU 2013-10, &#x201C;<i>Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes.</i>&#x201D; This ASU permits the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting purposes, in addition to U.S. treasury rates and LIBOR. This ASU also removes the restriction on using different benchmark rates for similar hedges. This ASU applies to all entities that elect to apply hedge accounting of the benchmark interest rate. This ASU is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July&#xA0;17, 2013. The adoption of this update did not have a material effect on our consolidated financial position or results of operations.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Also in July 2013, the FASB issued ASU 2013-11, &#x201C;<i>Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.</i>&#x201D; This ASU states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This ASU applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This ASU is effective for fiscal years, and interim periods within those years, beginning after December&#xA0;15, 2013, with early adoption permitted. This ASU should be applied prospectively to all unrecognized tax benefits that exist at the effective date, with retrospective application permitted. We do not believe the adoption of this update will have a material impact on our consolidated financial position.</font></p> </div>
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
237556000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6594000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
137042000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.61
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
327502672 shares
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.60
us-gaap Revenues
Revenues
4950943000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11591000
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
8934000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
209969000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
29322000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
53387000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1631000
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
344000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
24294000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
63603000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
382414000
us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
119232000
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
780908000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
17192000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9352000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2081000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
9352000
us-gaap Investment Income Interest
InvestmentIncomeInterest
5002000
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
25640000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
5828000
us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
14260000
us-gaap Profit Loss
ProfitLoss
230255000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
9336000
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
28805000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
65820000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
8949000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
32931000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1629105000
us-gaap Operating Income Loss
OperatingIncomeLoss
446917000
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
94304000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
2412000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1821000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
199811000
us-gaap Interest Paid
InterestPaid
96238000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
84918000
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
450000000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
10964000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-29492000
us-gaap Net Income Loss
NetIncomeLoss
201892000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
11385000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7301000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
37542000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
25658000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16628000
us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
-10658000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
205961000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
11585000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
29640000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78743000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-22134000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-361000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
28363000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-44522000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
4724000
us-gaap Costs And Expenses
CostsAndExpenses
4515411000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2910000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
27587000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-154003000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-839644000
us-gaap Cost Of Services
CostOfServices
2912391000
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
715000000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
38847000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4588000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
800000000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
15114000
us-gaap Stockholders Equity Other
StockholdersEquityOther
1294000
us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
3147000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
84918000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1665000
us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
157770000
us-gaap Share Based Compensation
ShareBasedCompensation
37542000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6203000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
16628000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
137406000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-586676000
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
52719000
us-gaap Interest Expense
InterestExpense
107710000
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
39916000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
462000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
11429000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
110818000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
26262000
us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
870000
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
26226000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-25868000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4924000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
399127000
us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
1364000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
27022000
us-gaap Investment Sold Not Yet Purchased Sale Proceeds
InvestmentSoldNotYetPurchasedSaleProceeds
48545000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
9336000
us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Current Fiscal Year
DefinedBenefitPlansEstimatedFutureEmployerContributionsInCurrentFiscalYear
5200000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3900000
us-gaap Operating Expenses
OperatingExpenses
1465614000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
22213000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
9477000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
120945000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-7934000
cbg Income Loss From Continuing Operations Before Income Taxes And Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndNoncontrollingInterest
326906000
cbg Disposal Group Including Discontinued Operation Operating Administrative And Other
DisposalGroupIncludingDiscontinuedOperationOperatingAdministrativeAndOther
4899000
cbg Number Of Defined Contribution Plans
NumberOfDefinedContributionPlans
2 pure
cbg Increase Decrease In Real Estate Held For Sale And Under Development
IncreaseDecreaseInRealEstateHeldForSaleAndUnderDevelopment
-130543000
cbg Percentage Of Capital Stock In Foreign Subsidiaries
PercentageOfCapitalStockInForeignSubsidiaries
0.650 pure
cbg Coverage Ratio Trailing Period
CoverageRatioTrailingPeriod
P12M
cbg Proceeds From Notes Payable On Real Estate Held For Sale And Under Development
ProceedsFromNotesPayableOnRealEstateHeldForSaleAndUnderDevelopment
6015000
cbg Repayment Of Notes Payable On Real Estate Held For Sale And Under Development
RepaymentOfNotesPayableOnRealEstateHeldForSaleAndUnderDevelopment
112828000
cbg Income Loss Before Net Interest Expense Write Off Of Financing Costs Income Taxes Depreciation And Amortization
IncomeLossBeforeNetInterestExpenseWriteOffOfFinancingCostsIncomeTaxesDepreciationAndAmortization
624627000
cbg Line Of Credit Facility Latest Expiration Date
LineOfCreditFacilityLatestExpirationDate
July 2014
cbg Securities Purchased To Cover Short Sales
SecuritiesPurchasedToCoverShortSales
98321000
cbg Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
784714 shares
cbg Equity Method Investment Summarized Financial Information Operating Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingProfitLoss
-99049000
cbg Guarantee Expiration Date
GuaranteeExpirationDate
December 2016
cbg Repayment Of Notes Payable On Real Estate Held For Investment
RepaymentOfNotesPayableOnRealEstateHeldForInvestment
73580000
cbg Proceeds From Notes Payable On Real Estate Held For Investment
ProceedsFromNotesPayableOnRealEstateHeldForInvestment
2473000
cbg Write Off Of Financing Costs
WriteOffOfFinancingCosts
56295000
cbg Minimum Coverage Ratio Of Earnings Before Interest Tax Depreciation And Amortization To Interest Expense
MinimumCoverageRatioOfEarningsBeforeInterestTaxDepreciationAndAmortizationToInterestExpense
2.00 pure
cbg Maximum Leverage Ratio Of Debt To Earnings Before Interest Tax Depreciation And Amortization
MaximumLeverageRatioOfDebtToEarningsBeforeInterestTaxDepreciationAndAmortization
4.25 pure
cbg Disposal Group Including Discontinued Operation Cost And Expense
DisposalGroupIncludingDiscontinuedOperationCostAndExpense
5769000
cbg Depreciation And Amortization Including Amounts Reported As Discontinued Operations
DepreciationAndAmortizationIncludingAmountsReportedAsDiscontinuedOperations
138276000
cbg Stock Issued During Period Restricted Stock Vesting Net Of Tax Benefit Expense
StockIssuedDuringPeriodRestrictedStockVestingNetOfTaxBenefitExpense
7775000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
326380448 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
3377132 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-119936000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.44
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
321289017 shares
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.44
us-gaap Revenues
Revenues
4508253000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8840000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
130140000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
199000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
135521000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6706000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
180911000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
33692000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-6237000
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
-331000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17595000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15230000
us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
172200000
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
759463000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1539000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4635000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
4635000
us-gaap Investment Income Interest
InvestmentIncomeInterest
5783000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
81526000
us-gaap Profit Loss
ProfitLoss
148250000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
167000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
71969000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6298000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
55000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
51032000
us-gaap Operating Income Loss
OperatingIncomeLoss
352358000
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-6070000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
5783000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1750000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
142557000
us-gaap Interest Paid
InterestPaid
102973000
us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
73187000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
29211000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-924000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2345000
us-gaap Net Income Loss
NetIncomeLoss
142557000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
5231000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12729000
us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
-15951000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
148250000
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
10831000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
19870000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
80587000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3698000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
137000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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