$CBRE
CBRE GROUP, INC.

2016 Q3 Form 10-Q Financial Statement

#000119312516764008 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $3.193B $2.713B
YoY Change 17.73% 19.23%
Cost Of Revenue $38.88M $1.774B
YoY Change -97.81% 24.12%
Gross Profit $3.155B $938.9M
YoY Change 235.99% 10.97%
Gross Profit Margin 98.78% 34.61%
Selling, General & Admin $686.5M $626.9M
YoY Change 9.51% 4.31%
% of Gross Profit 21.76% 66.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.70M $75.00M
YoY Change 23.6% 11.61%
% of Gross Profit 2.94% 7.99%
Operating Expenses $686.5M $626.9M
YoY Change 9.51% 4.31%
Operating Profit $172.5M $240.1M
YoY Change -28.16% 29.69%
Interest Expense $37.27M $30.70M
YoY Change 21.41% 10.27%
% of Operating Profit 21.61% 12.79%
Other Income/Expense, Net $1.356M -$4.945M
YoY Change -127.42% 4276.11%
Pretax Income $162.3M $222.9M
YoY Change -27.19% 24.5%
Income Tax $51.41M $72.87M
% Of Pretax Income 31.68% 32.7%
Net Earnings $104.2M $149.1M
YoY Change -30.15% 39.24%
Net Earnings / Revenue 3.26% 5.5%
Basic Earnings Per Share $0.31 $0.45
Diluted Earnings Per Share $0.31 $0.44
COMMON SHARES
Basic Shares Outstanding 335.8M 332.7M shares
Diluted Shares Outstanding 338.5M 336.6M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $446.0M $504.0M
YoY Change -11.51% -26.53%
Cash & Equivalents $446.3M $440.4M
Short-Term Investments $64.00M
Other Short-Term Assets $213.1M $145.2M
YoY Change 46.78% 73.63%
Inventory $3.000M
Prepaid Expenses $195.2M $163.0M
Receivables $2.399B $2.275B
Other Receivables $1.731B $609.0M
Total Short-Term Assets $5.055B $3.980B
YoY Change 27.03% 14.98%
LONG-TERM ASSETS
Property, Plant & Equipment $550.8M $503.7M
YoY Change 9.35% 10.49%
Goodwill $3.045B $2.997B
YoY Change 1.6% 29.47%
Intangibles $1.415B $1.527B
YoY Change -7.35% 87.29%
Long-Term Investments $249.9M $288.0M
YoY Change -13.24% 1.05%
Other Assets $354.4M $219.5M
YoY Change 61.44% 37.58%
Total Long-Term Assets $5.721B $5.576B
YoY Change 2.61% 37.03%
TOTAL ASSETS
Total Short-Term Assets $5.055B $3.980B
Total Long-Term Assets $5.721B $5.576B
Total Assets $10.78B $9.555B
YoY Change 12.78% 26.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.366B $1.320B
YoY Change 3.48% 85.92%
Accrued Expenses $1.350B $1.184B
YoY Change 14.02% 15.29%
Deferred Revenue
YoY Change
Short-Term Debt $1.702B $997.5M
YoY Change 70.64% 27.01%
Long-Term Debt Due $45.03M $30.19M
YoY Change 49.17% -28.76%
Total Short-Term Liabilities $4.567B $3.604B
YoY Change 26.71% 34.64%
LONG-TERM LIABILITIES
Long-Term Debt $2.615B $2.656B
YoY Change -1.54% 28.46%
Other Long-Term Liabilities $436.4M $337.4M
YoY Change 29.33% 0.72%
Total Long-Term Liabilities $3.051B $2.993B
YoY Change 1.94% 24.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.567B $3.604B
Total Long-Term Liabilities $3.051B $2.993B
Total Liabilities $7.795B $6.966B
YoY Change 11.91% 30.27%
SHAREHOLDERS EQUITY
Retained Earnings $2.393B $1.908B
YoY Change 25.4% 42.74%
Common Stock $1.127B $1.084B
YoY Change 4.01% 5.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.935B $2.546B
YoY Change
Total Liabilities & Shareholders Equity $10.78B $9.555B
YoY Change 12.78% 26.9%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $104.2M $149.1M
YoY Change -30.15% 39.24%
Depreciation, Depletion And Amortization $92.70M $75.00M
YoY Change 23.6% 11.61%
Cash From Operating Activities $156.8M $184.6M
YoY Change -15.06% -36.89%
INVESTING ACTIVITIES
Capital Expenditures -$55.30M -$34.90M
YoY Change 58.45% -10.51%
Acquisitions
YoY Change
Other Investing Activities $55.20M -$1.426B
YoY Change -103.87% 1840.41%
Cash From Investing Activities -$100.0K -$1.461B
YoY Change -99.99% 1198.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -142.3M 1.391B
YoY Change -110.23% 1845.03%
NET CHANGE
Cash From Operating Activities 156.8M 184.6M
Cash From Investing Activities -100.0K -1.461B
Cash From Financing Activities -142.3M 1.391B
Net Change In Cash 14.40M 114.2M
YoY Change -87.39% -54.59%
FREE CASH FLOW
Cash From Operating Activities $156.8M $184.6M
Capital Expenditures -$55.30M -$34.90M
Free Cash Flow $212.1M $219.5M
YoY Change -3.37% -33.79%

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<div> <table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><b>1.</b></td> <td align="left" valign="top"><b>Basis of Presentation</b></td> </tr> </table> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Readers of this Quarterly Report on Form 10-Q (Quarterly Report) should refer to the audited financial statements and notes to 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;), for the year ended December 31, 2015, which are included in our 2015 Annual Report on Form 10-K (2015 Annual Report), filed with the United States Securities and Exchange Commission (SEC) and also available on our website (<u>www.cbre.com</u>), since we have omitted from this Quarterly Report certain footnote disclosures which would substantially duplicate those contained in such audited financial statements. You should also refer to Note 2, Significant Accounting Policies, in the notes to consolidated financial statements in our 2015 Annual Report for further discussion of our significant accounting policies and estimates.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The accompanying consolidated financial statements 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 our opinion, 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 us 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 our best judgment. We evaluate our estimates and assumptions on an ongoing basis using historical experience and other factors, including consideration of the current economic environment, and adjust 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 2015 financial statements to conform with the 2016 presentation.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The results of operations for the three and nine months ended September 30, 2016 are not necessarily indicative of the results of operations to be expected for the year ending December 31, 2016.</p> </div>
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<div> <table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><b>2.</b></td> <td align="left" valign="top"><b>New Accounting Pronouncements</b></td> </tr> </table> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> <b><i>Recently Adopted Accounting Pronouncements</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-09, <i>&#x201C;Compensation&#x2014;Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.&#x201D;</i>&#xA0;This ASU is intended to improve the accounting for share-based payment transactions as part of the FASB&#x2019;s simplification initiative. This ASU is effective for fiscal years beginning after December 15, 2016, and interim periods within those years, with early adoption permitted. We elected to early adopt the provisions of ASU 2016-09 during the third quarter of 2016, which required us to reflect any adjustments as of January 1, 2016, the beginning of the annual period that includes the interim period of adoption. The adoption of this ASU did not have a material impact on our consolidated financial statements.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> ASU 2016-09 permits companies to make an accounting policy election to either estimate forfeitures on share-based payment awards, as previously required, or to recognize forfeitures as they occur. We elected to change our accounting policy to recognize forfeitures when they occur and the impact of this change in accounting policy has been recorded as a $3.3 million cumulative effect adjustment to accumulated earnings as of January 1, 2016.&#xA0;Additionally, this ASU requires the recognition of excess tax benefits and deficiencies as income tax benefits or expenses in the income statement rather than to additional paid-in capital, which has been applied on a prospective basis to settlements of share-based payment awards occurring on or after January 1, 2016.&#xA0;ASU 2016-09 also requires that excess tax benefits be presented as operating activities on the statement of cash flows, which we have elected to apply on a prospective basis. The remaining provisions of ASU 2016-09 did not have an impact on our consolidated financial statements.</p> <p style="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> <b><i>Recent Accounting Pronouncements Pending Adoption</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The FASB has recently issued four ASUs related to revenue recognition, all of which become effective for the Company on January 1, 2018.&#xA0;The ASUs issued are: (1) in May 2014, ASU 2014-09, <i>&#x201C;Revenue from Contracts with Customers (Topic 606);&#x201D;</i> (2) in March 2016, ASU 2016-08, <i>&#x201C;Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net);&#x201D;</i> (3) in April 2016, ASU 2016-10, <i>&#x201C;Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing;&#x201D;</i> and (4) in May 2016, ASU 2016-12, <i>&#x201C;Revenue from Contracts with Customers (Topic 606): Narrow-scope Improvements and Practical Expedients.&#x201D;</i><i>&#xA0;</i>ASU 2014-09 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance under GAAP.&#xA0;This ASU permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of this ASU on our ongoing financial reporting. ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. We are evaluating the effect that ASU 2016-08 will have on our consolidated financial statements and related disclosures. ASU 2016-10 clarifies guidance related to identifying performance obligations and licensing implementation guidance contained in ASU 2014-09.&#xA0;ASU 2016-12 clarifies guidance in certain narrow areas and adds some practical expedients. We do not believe the application of ASU 2016-10 and ASU 2016-12 will have a material impact on our consolidated financial statements and related disclosures.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In January 2016, the FASB issued ASU 2016-01, <i>&#x201C;Financial Instruments&#x2014;Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.&#x201D;</i>&#xA0;This ASU will significantly change the income statement impact of equity investments and the recognition of changes in fair value of financial liabilities when the fair value option is elected. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017.&#xA0;Early adoption is not permitted, except for the provisions related to the recognition of changes in fair value of financial liabilities when the fair value option is elected. We do not believe the adoption of ASU 2016-01 will have a material impact on our consolidated financial statements and related disclosures.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In February 2016, the FASB issued ASU 2016-02, &#x201C;Leases (Topic 842).&#x201D;&#xA0;This ASU requires lessees to recognize most leases on-balance sheet and mandates a modified retrospective transition method for all entities. This ASU is effective for annual periods in fiscal years beginning after December 15, 2018.&#xA0;We are evaluating the effect that ASU 2016-02 will have on our consolidated financial statements and related disclosures.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In March 2016, the FASB issued ASU 2016-05, <i>&#x201C;Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.&#x201D;</i>&#xA0;This ASU clarifies that a change in one of the parties to a derivative contract (through novation) that is part of a hedge accounting relationship does not, by itself, require designation of that relationship, as long as all other hedge accounting criteria continue to be met. This ASU is effective for annual and interim periods in fiscal years beginning after December 15, 2016, with early adoption permitted. We do not believe the adoption of ASU 2016-05 will have a material impact on our consolidated financial statements and related disclosures.</p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> &#xA0;</p> <p style="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In March 2016, the FASB issued ASU 2016-07, <i>&#x201C;Investments&#x2014;Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.&#x201D;</i><i>&#xA0;</i>This ASU eliminates the requirement for an investor to retroactively apply the equity method when its increase in ownership interest (or degree of influence) in an investee triggers equity method accounting. ASU 2016-07 should be applied prospectively upon its effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. This ASU is effective for all entities for interim and annual periods in fiscal years beginning after December 15, 2016, with early application permitted. We do not believe the application of ASU 2016-07 will have a material impact on our consolidated financial statements and related disclosures.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In June 2016, the FASB issued ASU 2016-13, <i>&#x201C;Financial Instruments&#x2014;Credit Losses (Topic 326):</i><i>&#xA0;</i><i>Measurement of Credit Losses on Financial Instruments.&#x201D;</i><i>&#xA0;</i>This ASU is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. This ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years, with early adoption permitted. We are evaluating the effect that ASU 2016-13 will have on our consolidated financial statements and related disclosures.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In August 2016, the FASB issued ASU 2016-15, <i>&#x201C;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.&#x201D;</i><i>&#xA0;</i>This ASU addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those years, with early adoption permitted. We are evaluating the effect that ASU 2016-15 will have on our consolidated financial statements and related disclosures.</p> </div>
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CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-69728000
CY2015Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
3747524 shares
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2924000
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4945000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
626905000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
149123000
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
868000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
222857000
CY2015Q3 us-gaap Interest Expense
InterestExpense
30699000
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-75727000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
240101000
CY2015Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3154000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1182000
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1158000
CY2015Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17242000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
72866000
CY2015Q3 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
-18000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
74264000
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
336561877 shares
CY2015Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1873000
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
332684487 shares
CY2015Q3 us-gaap Profit Loss
ProfitLoss
149991000
CY2015Q3 cbg Fees Associated With Termination Of Interest Rate Swap Agreements
FeesAssociatedWithTerminationOfInterestRateSwapAgreements
3748000
CY2015Q3 cbg Equity Method Investment Summarized Financial Information Operating Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingProfitLoss
-2348000
CY2015Q3 cbg Income Loss Before Net Interest Expense Write Off Of Financing Costs Income Taxes Depreciation And Amortization
IncomeLossBeforeNetInterestExpenseWriteOffOfFinancingCostsIncomeTaxesDepreciationAndAmortization
326577000
CY2015Q3 cbg Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
129866 shares
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
484499000
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2016Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
78357000
CY2016Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
92725000
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91003000
CY2016Q3 us-gaap Costs And Expenses
CostsAndExpenses
3032038000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6768000
CY2016Q3 us-gaap Cost Of Services
CostOfServices
2252783000
CY2016Q3 us-gaap Revenues
Revenues
3193487000
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-15940000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
2707401 shares
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
788000
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1356000
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
686530000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
104163000
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6690000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
162267000
CY2016Q3 us-gaap Interest Expense
InterestExpense
37273000
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-13082000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
172492000
CY2016Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
11043000
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
348000
CY2016Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1020000
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
24672000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
51414000
CY2016Q3 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
2000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
97771000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
338488975 shares
CY2016Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1720000
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
335770122 shares
CY2016Q3 us-gaap Profit Loss
ProfitLoss
110853000
CY2016Q3 cbg Equity Method Investment Summarized Financial Information Operating Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingProfitLoss
125648000
CY2016Q3 cbg Income Loss Before Net Interest Expense Write Off Of Financing Costs Income Taxes Depreciation And Amortization
IncomeLossBeforeNetInterestExpenseWriteOffOfFinancingCostsIncomeTaxesDepreciationAndAmortization
284555000
CY2016Q3 cbg Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
11452 shares

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