2019 Q1 Form 10-Q Financial Statement
#000156459019018435 Filed on May 10, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
Revenue | $5.136B | $4.674B |
YoY Change | 9.88% | 15.38% |
Cost Of Revenue | $4.022B | $3.620B |
YoY Change | 11.11% | 15.05% |
Gross Profit | $1.113B | $1.054B |
YoY Change | 5.64% | 16.53% |
Gross Profit Margin | 21.68% | 22.55% |
Selling, General & Admin | $796.0M | $732.2M |
YoY Change | 8.71% | 20.71% |
% of Gross Profit | 71.49% | 69.47% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $105.8M | $108.2M |
YoY Change | -2.22% | 15.11% |
% of Gross Profit | 9.5% | 10.27% |
Operating Expenses | $907.7M | $840.3M |
YoY Change | 8.02% | 38.61% |
Operating Profit | $145.0M | $213.6M |
YoY Change | -32.13% | 4.09% |
Interest Expense | $22.73M | $28.86M |
YoY Change | -21.25% | -15.15% |
% of Operating Profit | 15.67% | 13.51% |
Other Income/Expense, Net | $20.85M | -$4.280M |
YoY Change | -587.22% | -204.01% |
Pretax Income | $214.7M | $196.3M |
YoY Change | 9.38% | 1.84% |
Income Tax | $43.88M | $46.16M |
% Of Pretax Income | 20.44% | 23.52% |
Net Earnings | $164.4M | $150.3M |
YoY Change | 9.4% | 9.68% |
Net Earnings / Revenue | 3.2% | 3.22% |
Basic Earnings Per Share | $0.49 | $0.44 |
Diluted Earnings Per Share | $0.48 | $0.44 |
COMMON SHARES | ||
Basic Shares Outstanding | 336.0M shares | 338.9M |
Diluted Shares Outstanding | 340.2M shares | 342.6M |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $605.0M | $643.0M |
YoY Change | -5.91% | 20.64% |
Cash & Equivalents | $605.0M | $721.8M |
Short-Term Investments | ||
Other Short-Term Assets | $688.0M | $567.0M |
YoY Change | 21.34% | 20.13% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $3.801B | $3.322B |
Other Receivables | $1.606B | $1.223B |
Total Short-Term Assets | $6.997B | $5.754B |
YoY Change | 21.6% | 35.55% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.729B | $634.0M |
YoY Change | 172.71% | 14.86% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $228.0M | $229.0M |
YoY Change | -0.44% | -5.37% |
Other Assets | $736.0M | $613.0M |
YoY Change | 20.07% | 31.83% |
Total Long-Term Assets | $7.696B | $6.153B |
YoY Change | 25.08% | 8.29% |
TOTAL ASSETS | ||
Total Short-Term Assets | $6.997B | $5.754B |
Total Long-Term Assets | $7.696B | $6.153B |
Total Assets | $14.69B | $11.91B |
YoY Change | 23.4% | 19.95% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.834B | $1.505B |
YoY Change | 21.86% | 13.93% |
Accrued Expenses | $1.994B | $1.525B |
YoY Change | 30.75% | 28.37% |
Deferred Revenue | $115.1M | |
YoY Change | ||
Short-Term Debt | $1.897B | $1.611B |
YoY Change | 17.77% | 103.67% |
Long-Term Debt Due | $2.573M | $0.00 |
YoY Change | ||
Total Short-Term Liabilities | $6.010B | $4.870B |
YoY Change | 23.41% | 40.22% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.760B | $1.758B |
YoY Change | 0.12% | -31.03% |
Other Long-Term Liabilities | $447.8M | $695.0M |
YoY Change | -35.57% | 22.36% |
Total Long-Term Liabilities | $2.208B | $2.453B |
YoY Change | -9.99% | -21.3% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $6.010B | $4.870B |
Total Long-Term Liabilities | $2.208B | $2.453B |
Total Liabilities | $9.489B | $7.550B |
YoY Change | 25.68% | 12.43% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $4.675B | |
YoY Change | ||
Common Stock | $1.130B | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $5.089B | $4.358B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $14.69B | $11.91B |
YoY Change | 23.4% | 19.94% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $164.4M | $150.3M |
YoY Change | 9.4% | 9.68% |
Depreciation, Depletion And Amortization | $105.8M | $108.2M |
YoY Change | -2.22% | 15.11% |
Cash From Operating Activities | -$392.6M | -$250.0M |
YoY Change | 57.06% | -22.23% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $56.98M | $46.72M |
YoY Change | 21.95% | 96.86% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$2.771M | $6.439M |
YoY Change | -143.03% | -696.2% |
Cash From Investing Activities | -$73.94M | -$64.21M |
YoY Change | 15.15% | 48.3% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $45.09M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 300.0M | 181.3M |
YoY Change | 65.45% | 65.76% |
NET CHANGE | ||
Cash From Operating Activities | -392.6M | -250.0M |
Cash From Investing Activities | -73.94M | -64.21M |
Cash From Financing Activities | 300.0M | 181.3M |
Net Change In Cash | -176.3M | -103.0M |
YoY Change | 71.13% | -56.92% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$392.6M | -$250.0M |
Capital Expenditures | $56.98M | $46.72M |
Free Cash Flow | -$449.6M | -$296.7M |
YoY Change | 51.53% | -14.04% |
Facts In Submission
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|
5601000 | |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29271000 | |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
29570000 | |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
4453797000 | |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
2910181000 | |
CY2019Q1 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
4646348000 | |
CY2018Q1 | us-gaap |
Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
|
3132008000 | |
CY2019Q1 | cbre |
Increase Decrease In Warehouse Lines Of Credit
IncreaseDecreaseInWarehouseLinesOfCredit
|
232446000 | |
CY2018Q1 | cbre |
Increase Decrease In Warehouse Lines Of Credit
IncreaseDecreaseInWarehouseLinesOfCredit
|
237239000 | |
CY2019Q1 | us-gaap |
Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
|
-3464000 | |
CY2018Q1 | us-gaap |
Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
|
-12634000 | |
CY2019Q1 | us-gaap |
Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
|
62117000 | |
CY2018Q1 | us-gaap |
Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
|
23569000 | |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
|
25730000 | |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
|
20001000 | |
CY2019Q1 | cbre |
Increase Decrease In Receivables Prepaid Expenses And Other Assets Including Contract Assets
IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherAssetsIncludingContractAssets
|
172218000 | |
CY2018Q1 | cbre |
Increase Decrease In Receivables Prepaid Expenses And Other Assets Including Contract Assets
IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherAssetsIncludingContractAssets
|
-69971000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-33982000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-146221000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-519719000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-483031000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
11344000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-4668000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
2721000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
7222000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-401889000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-249958000 | |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
47665000 | |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
46724000 | |
CY2019Q1 | us-gaap |
Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
|
2142000 | |
CY2019Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
23562000 | |
CY2018Q1 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
10611000 | |
CY2019Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
5974000 | |
CY2018Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
15216000 | |
CY2019Q1 | cbre |
Purchase Of Equity Securities
PurchaseOfEquitySecurities
|
2867000 | |
CY2018Q1 | cbre |
Purchase Of Equity Securities
PurchaseOfEquitySecurities
|
10219000 | |
CY2019Q1 | cbre |
Proceeds From Sale Of Equity Securities
ProceedsFromSaleOfEquitySecurities
|
4356000 | |
CY2018Q1 | cbre |
Proceeds From Sale Of Equity Securities
ProceedsFromSaleOfEquitySecurities
|
4367000 | |
CY2018Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
12066000 | |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
603000 | |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
2264000 | |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-679000 | |
CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
6439000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-64624000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-64212000 | |
CY2019Q1 | us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
300000000 | |
CY2018Q1 | us-gaap |
Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
|
550000000 | |
CY2019Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
300000000 | |
CY2019Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
507000000 | |
CY2018Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
898000000 | |
CY2018Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
435000000 | |
CY2019Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
45088000 | |
CY2018Q1 | us-gaap |
Repayments Of Senior Debt
RepaymentsOfSeniorDebt
|
820000000 | |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
45088000 | |
CY2019Q1 | us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
17185000 | |
CY2018Q1 | us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
8049000 | |
CY2019Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
9186000 | |
CY2018Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4550000 | |
CY2019Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
40774000 | |
CY2018Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
1595000 | |
CY2019Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
1347000 | |
CY2018Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
1025000 | |
CY2019Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
3374000 | |
CY2018Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
39000 | |
CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-566000 | |
CY2018Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
413000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
300028000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
181345000 | |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-9791000 | |
CY2018Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
29819000 | |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-176276000 | |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-103006000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
863944000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
824819000 | |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
687668000 | |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
721813000 | |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
33606000 | |
CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
48994000 | |
CY2019Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
54241000 | |
CY2018Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
37219000 | |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
29271000 | |
CY2019Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
9186000 | |
CY2019Q1 | cbre |
Minority Interest Increase From Contributions From Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
|
40774000 | |
CY2019Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1347000 | |
CY2019Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
7021000 | |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4174614000 | |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
29570000 | |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
4550000 | |
CY2018Q1 | cbre |
Minority Interest Increase From Contributions From Noncontrolling Interest Holders
MinorityInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
|
1595000 | |
CY2018Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1025000 | |
CY2018Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
1460000 | |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4418674000 | |
CY2019Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.08%;white-space:nowrap"> <p style="margin-top:0pt;text-align:justify;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td> <td valign="top"> <p style="margin-top:0pt;text-align:justify;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"><a name="Notes_to_Financial_Stmts"></a><font style="font-weight:normal;"></font><a name="Notes_to_Financial_Stmts"></a>Basis of Presentation</p></td></tr></table></div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 company,” “we,” “us” and “our”), for the year ended December 31, 2018, which are included in our <font style="text-decoration:none;">2018</font> <a href="http://www.sec.gov/Archives/edgar/data/1138118/000156459019005666/cbg-10k_20181231.htm"><font style="text-decoration:none;">Annual Report on Form 10-K (2018 Annual Report),</font> </a>filed with the United States Securities and Exchange Commission (SEC) and also available on our website (www.cbre.com), 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 <a href="http://www.sec.gov/Archives/edgar/data/1138118/000156459019005666/cbg-10k_20181231.htm"></a><a href="http://www.sec.gov/Archives/edgar/data/1138118/000156459019005666/cbg-10k_20181231.htm"><font style="text-decoration:none;">2018 Annual Report</font> </a>for further discussion of our significant accounting policies and estimates.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 (U.S.), or 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, contract assets, operating lease assets, 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.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications have been made to the 2018 financial statements to conform with the 2019 presentation.</p> | |
CY2019Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:5.08%;white-space:nowrap"> <p style="margin-top:2pt;text-align:justify;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td> <td valign="top"> <p style="margin-top:2pt;text-align:justify;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">New Accounting Pronouncements</p></td></tr></table></div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;margin-left:5.08%;text-indent:0%;;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Recently Adopted Accounting Pronouncements</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Financial Accounting Standards Board (FASB) previously issued six Accounting Standards Updates (ASUs) related to leases. The ASUs issued were: (1) in February 2016, ASU 2016-02, “<font style="font-style:italic;">Leases (Topic 842)</font>”, (2) in January 2018, ASU 2018-01, “<font style="font-style:italic;">Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842</font>”, (3) in July 2018, ASU 2018-10, “<font style="font-style:italic;">Codification Improvements to Topic 842, Leases</font>”, (4) in July 2018, ASU 2018-11, “<font style="font-style:italic;">Targeted Improvements</font>”, (5) in December 2018, ASU 2018-20, “<font style="font-style:italic;">Leases (Topic 842): Narrow-Scope Improvements for Lessors</font>” and (6) in March 2019, ASU 2019-01, “<font style="font-style:italic;">Leases (Topic 842): Codification Improvements.</font>” ASU 2016-02 requires lessees to recognize most leases on the balance sheet as liabilities, with corresponding right-of-use assets. For income statement recognition purposes, leases will be classified as either a finance or operating lease in a manner similar to the requirements under the previous lease accounting literature, but without relying upon the bright-line tests. The amendments in ASU 2018-01 specify how land easements are within the scope of ASC 842 and permit a practical expedient to not assess whether expired or existing land easements that were not previously accounted for as leases are leases under ASC 842. The amendments in ASU 2018-10 affect narrow aspects of the guidance issued in the amendments in ASU 2016-02. The amendments in ASU 2018-11 provide an optional method for adopting the new leasing guidance and provide lessors with a practical expedient to combine lease and associated non-lease components by class of underlying asset in contracts that meet certain criteria. The amendments in ASU 2018-20 provide an accounting policy election permitting lessors to treat certain sales and other similar taxes incurred as lessee costs, guidance on the treatment of certain lessor costs and guidance on recognizing variable payments for contracts with a lease and non-lease component. The amendments in ASU 2019-01 affect narrow aspects of the guidance issued in the amendments in ASU 2016-02. These ASUs are effective for annual periods in fiscal years beginning after December 15, 2018.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We adopted these ASUs in the first quarter of 2019 by using the optional transitional method associated with <font style="color:#000000;">no adjustment to comparative period financial statements presented for prior periods</font>. We elected certain practical expedients, including the package of transition practical expedients and the practical expedient to forego separating lease and non-lease components in our lessee contracts. We also made an accounting policy election to exempt short-term leases of 12 months or less from balance sheet recognition requirements associated with the new standard; fixed rental payments for short-term leases will be recognized as a straight-line expense over the lease term.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As a result of the adoption of the leasing guidance, the consolidated balance sheet as of January 1, 2019 reflected $1.2 billion of additional lease liabilities, along with corresponding right-of-use assets of $1.0 billion, reflecting adjustments for items such as prepaid and deferred rent, unamortized initial direct costs, and unamortized lease incentive balances. The adoption of the leasing guidance did not have a material impact on our consolidated statements of operations.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of January 1, 2019, we account for leases in accordance with ASC Topic 842, “<font style="font-style:italic;">Leases</font>.” The present value of lease payments, which are either fixed payments, in-substance fixed payments, or variable payments tied to an index or rate are recognized on the balance sheet with corresponding lease liabilities and right-of-use assets upon the commencement of the lease. These lease costs are expensed over the respective lease term in accordance with the classification of the lease (i.e. operating versus finance classification). Variable lease payments not tied to an index or rate are expensed as incurred and not subject to capitalization.  </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In January 2017, the FASB issued ASU 2017‑04, <font style="font-style:italic;">“Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.”</font> This ASU eliminates Step 2 from the goodwill impairment test. This ASU also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment. This ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years, with early adoption permitted. We elected to early adopt ASU 2017‑04 in the first quarter of 2019. The adoption of ASU 2017‑04 did not have any impact on our consolidated financial statements and related disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2017, the FASB issued ASU 2017‑08, <font style="font-style:italic;">“Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities.”</font> This ASU requires the premium to be amortized to the earliest call date. This ASU does not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. This ASU is effective for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. We adopted ASU 2017-08 in the first quarter of 2019 and the adoption did not have a material impact on our consolidated financial statements and related disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The FASB previously issued two ASUs related to derivatives and hedging. The ASUs issued were: (1) in August 2017, ASU 2017-12, <font style="font-style:italic;">“Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”</font> and (2) in October 2018, ASU 2018-16 <font style="font-style:italic;">“Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting.”</font> ASU 2017-12 refines and expands hedge accounting for both financial and commodity risks. ASU 2018-16 adds the OIS rate based on SOFR as a U.S. benchmark interest rate to facilitate the LIBOR to SOFR transition and provide sufficient lead time for entities to prepare for changes to interest rate risk hedging strategies for both risk management and hedge accounting purposes. These ASUs are effective for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. We adopted these ASUs in the first quarter of 2019 and the adoption did not have a material impact on our consolidated financial statements and related disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2018, the FASB issued ASU 2018‑02, <font style="font-style:italic;">“Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.”</font> This ASU provides an option to reclassify stranded tax effects within accumulated other comprehensive income to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. This ASU is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted. We adopted ASU 2018-02 in the first quarter of 2019 and the adoption did not have a material impact on our consolidated financial statements and related disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In July 2018, the FASB issued ASU 2018‑09, <font style="font-style:italic;">“Codification Improvements.”</font> The amendments in ASU 2018‑09 represent changes to clarify, correct errors in, or make minor improvements to the Codification, eliminating inconsistencies and providing clarifications in current guidance. This ASU is effective for fiscal years beginning after December 15, 2018. <font style="color:#000000;">We adopted ASU 2018-09 in the first quarter of 2019 and the adoption did not have a material impact on our consolidated financial statements and related disclosures.</font></p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;margin-left:5.08%;text-indent:0%;;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Recent Accounting Pronouncements Pending Adoption</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The FASB previously issued two ASUs related to financial instruments – credit losses. The ASUs issued were: (1) in June 2016, ASU 2016-13, <font style="font-style:italic;">“Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”</font> and (2) in November 2018, ASU 2018-19 <font style="font-style:italic;">“Codification Improvements to Topic 326, Financial Instruments—Credit Losses.”</font> ASU 2016-13 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. ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of the credit losses standard, but rather, should be accounted for in accordance with the leasing standard. These ASUs are 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 and ASU 2018-19 will have on our consolidated financial statements and related disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In August 2018, the FASB issued ASU 2018‑13, <font style="font-style:italic;">“Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement.”</font> This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements. This ASU is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. As ASU 2018-13 only revises disclosure requirements, it will not have any impact on our consolidated financial statements. We are evaluating the effect, if any, that ASU 2018‑13 will have on our disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In August 2018, the FASB issued ASU 2018‑14, <font style="font-style:italic;">“Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.”</font> This ASU makes minor changes to the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. This ASU is effective for fiscal years ending after December 15, 2020, with early adoption permitted. As ASU 2018-14 only revises disclosure requirements, it will not have any impact on our consolidated financial statements. We are evaluating the effect, if any, that ASU 2018‑14 will have on our disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In October 2018, the FASB issued ASU 2018‑17, <font style="font-style:italic;">“Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities.”</font> This ASU amends the guidance for determining whether a decision-making fee is a variable interest and requires organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety (as currently required in GAAP). 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 2018‑17 will have on our consolidated financial statements and related disclosures.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.08%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In November 2018, the FASB issued ASU 2018‑18, <font style="font-style:italic;">“Collaborative Arrangements (Topic 808): Clarifying the Interaction Between Topic 808 and Topic 606.”</font> This ASU provides guidance on how to assess whether certain transactions between collaborative arrangement participants should be accounted for within the revenue recognition standard and provides more comparability in the presentation of revenue for certain transactions between collaborative arrangement participants. 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 2018‑18 will have on our consolidated financial statements and related disclosures.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> | |
CY2019Q1 | cbre |
Sale Of Mortgage Loans Held For Sale
SaleOfMortgageLoansHeldForSale
|
4445282000 | |
CY2019Q1 | cbre |
Net Increase Decrease In Mortgage Servicing Rights Included In Warehouse Receivables
NetIncreaseDecreaseInMortgageServicingRightsIncludedInWarehouseReceivables
|
4715000 | |
CY2019Q1 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | |
CY2018Q1 | us-gaap |
Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
|
0 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
34348000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesNoncurrent | |
CY2019Q1 | cbre |
Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
|
1214028000 | |
CY2019Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
7169000 | |
CY2019Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
16947000 | |
CY2019Q1 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | |
CY2018Q1 | us-gaap |
Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
|
0 | |
CY2019Q1 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | |
CY2018Q1 | us-gaap |
Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
|
0 | |
CY2019Q1 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | |
CY2018Q1 | us-gaap |
Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
|
0 | |
CY2019Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
89000000 | |
CY2019Q1 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | |
CY2018Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
4720815000 | |
CY2018Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
1068506000 | |
CY2019Q1 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
7226000 | |
CY2019Q1 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
4347000 | |
CY2019Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
4732388000 | |
CY2019Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
1068506000 | |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
343199000 | |
CY2019Q1 | cbre |
Equity Method Investment Summarized Financial Information Operating Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingProfitLoss
|
94621000 | |
CY2018Q1 | cbre |
Equity Method Investment Summarized Financial Information Operating Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingProfitLoss
|
136208000 | |
CY2018Q1 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
93996000 | |
CY2019Q1 | cbre |
Minimum Coverage Ratio Of Earnings Before Interest Tax Depreciation And Amortization To Interest Expense Expressed In Percentage
MinimumCoverageRatioOfEarningsBeforeInterestTaxDepreciationAndAmortizationToInterestExpenseExpressedInPercentage
|
2.00 | |
CY2019Q1 | cbre |
Maximum Leverage Ratio Of Debt To Earnings Before Interest Tax Depreciation And Amortization Expressed In Percentage
MaximumLeverageRatioOfDebtToEarningsBeforeInterestTaxDepreciationAndAmortizationExpressedInPercentage
|
4.25 | |
CY2019Q1 | cbre |
Maximum Leverage Ratio During First Four Quarter That Qualified Acquisition Is Consummated
MaximumLeverageRatioDuringFirstFourQuarterThatQualifiedAcquisitionIsConsummated
|
4.75 | |
CY2019Q1 | cbre |
Coverage Ratio Of Earnings Before Interest Tax Depreciation And Amortization To Interest Expense Expressed In Percentage
CoverageRatioOfEarningsBeforeInterestTaxDepreciationAndAmortizationToInterestExpenseExpressedInPercentage
|
22.74 | |
CY2019Q1 | cbre |
Leverage Ratio Of Debt To Earnings Before Interest Tax Depreciation And Amortization Expressed In Percentage
LeverageRatioOfDebtToEarningsBeforeInterestTaxDepreciationAndAmortizationExpressedInPercentage
|
0.80 | |
CY2019Q1 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
59638000 | |
CY2019Q1 | us-gaap |
Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherAssetsNoncurrent | |
CY2019Q1 | cbre |
Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
|
998319000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
25007000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
us-gaap:OtherLiabilitiesCurrent | |
CY2019Q1 | us-gaap |
Lease Cost
LeaseCost
|
70808000 | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y | |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.034 | |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.020 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
140874000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
183229000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
177613000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
152999000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
133500000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
550913000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1339128000 | |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
184455000 | |
CY2018Q1 | cbre |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
1569 | |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1154673000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
19571000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
20948000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
13342000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
6134000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
1286000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
25000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
61306000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
1951000 | |
CY2019Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
59355000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
238954000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
219351000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
202205000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
172267000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
145705000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
510741000 | |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1489223000 | |
CY2019Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
35573000 | |
CY2019Q1 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
279000 | |
CY2019Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
7414000 | |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
47467000 | |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
2668000 | |
CY2019Q1 | cbre |
Other Noncash Increases Decreases In Right Of Use Assets
OtherNoncashIncreasesDecreasesInRightOfUseAssets
|
1372000 | |
CY2019Q1 | cbre |
Loan Loss Sharing Reserve
LoanLossSharingReserve
|
40300000 | |
CY2019Q1 | cbre |
Assets Available For Recourse
AssetsAvailableForRecourse
|
618200000 | |
CY2019Q1 | us-gaap |
Loans Receivable Mortgage Warehouse Lending
LoansReceivableMortgageWarehouseLending
|
331400000 | |
CY2019Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
74900000 | |
CY2019Q1 | cbre |
Line Of Credit Facility Latest Expiration Date
LineOfCreditFacilityLatestExpirationDate
|
2020-02 | |
CY2019Q1 | cbre |
Guarantor Obligations Maximum Exposure Undiscounted
GuarantorObligationsMaximumExposureUndiscounted
|
62300000 | |
CY2019Q1 | cbre |
Commitments To Investment In Future Real Estate Investment
CommitmentsToInvestmentInFutureRealEstateInvestment
|
49100000 | |
CY2019Q1 | cbre |
Commitments To Investment In Unconsolidated Entity
CommitmentsToInvestmentInUnconsolidatedEntity
|
50300000 | |
CY2019Q1 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
4137968 | |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
|
3698143 | |
CY2018 | us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
3980656 | |
CY2018 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
161000000 | |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4999172000 | |
CY2019Q1 | cbre |
Revenue Not From Contract With Customer Excluding Assessed Tax
RevenueNotFromContractWithCustomerExcludingAssessedTax
|
136338000 | |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4554403000 | |
CY2018Q1 | cbre |
Revenue Not From Contract With Customer Excluding Assessed Tax
RevenueNotFromContractWithCustomerExcludingAssessedTax
|
119549000 | |
CY2019Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
412400000 | |
CY2018Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
381800000 | |
CY2019Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
126000000 | |
CY2018Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
92500000 | |
CY2019Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
61800000 | |
CY2019Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
CY2019Q1 | cbre |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
450032000 | |
CY2018Q1 | cbre |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
347807000 | |
CY2019Q1 | cbre |
Income Loss Before Net Interest Expense Write Off Of Financing Costs Income Taxes Depreciation And Amortization
IncomeLossBeforeNetInterestExpenseWriteOffOfFinancingCostsIncomeTaxesDepreciationAndAmortization
|
426947000 | |
CY2018Q1 | cbre |
Income Loss Before Net Interest Expense Write Off Of Financing Costs Income Taxes Depreciation And Amortization
IncomeLossBeforeNetInterestExpenseWriteOffOfFinancingCostsIncomeTaxesDepreciationAndAmortization
|
357836000 | |
CY2019Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
15749000 | |
CY2019Q1 | cbre |
Carried Interest Incentive Compensation Expense Reversal
CarriedInterestIncentiveCompensationExpenseReversal
|
7336000 | |
CY2018Q1 | cbre |
Carried Interest Incentive Compensation Expense Reversal
CarriedInterestIncentiveCompensationExpenseReversal
|
-10029000 | |
CY2019Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
228406000 | |
CY2019Q1 | cbre |
Long Term Debt Excluding Loans Payable
LongTermDebtExcludingLoansPayable
|
1760181000 | |
CY2018Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
216174000 | |
CY2018Q4 | cbre |
Long Term Debt Excluding Loans Payable
LongTermDebtExcludingLoansPayable
|
1767260000 | |
CY2019Q1 | cbre |
Proceeds From Payments Of Merger Related Costs Financing Activities
ProceedsFromPaymentsOfMergerRelatedCostsFinancingActivities
|
-17185000 | |
CY2018Q1 | cbre |
Proceeds From Payments Of Merger Related Costs Financing Activities
ProceedsFromPaymentsOfMergerRelatedCostsFinancingActivities
|
-8049000 |