2024 Q4 Form 10-Q Financial Statement

#000162836924000020 Filed on November 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.344B
YoY Change 2.55%
Cost Of Revenue $1.912B
YoY Change 1.58%
Gross Profit $432.4M
YoY Change 7.06%
Gross Profit Margin 18.45%
Selling, General & Admin $314.2M
YoY Change 4.42%
% of Gross Profit 72.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.90M
YoY Change -20.17%
% of Gross Profit 6.68%
Operating Expenses $314.2M
YoY Change 4.42%
Operating Profit $75.20M
YoY Change 30.56%
Interest Expense $54.90M
YoY Change -38.66%
% of Operating Profit 73.01%
Other Income/Expense, Net $20.60M
YoY Change -1130.0%
Pretax Income $53.00M
YoY Change -406.36%
Income Tax $19.30M
% Of Pretax Income 36.42%
Net Earnings $33.70M
YoY Change -199.41%
Net Earnings / Revenue 1.44%
Basic Earnings Per Share $0.15
Diluted Earnings Per Share $0.14
COMMON SHARES
Basic Shares Outstanding 229.5M shares 229.2M shares
Diluted Shares Outstanding 233.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $775.4M
YoY Change 31.83%
Cash & Equivalents $775.4M
Short-Term Investments
Other Short-Term Assets $227.9M
YoY Change 39.3%
Inventory
Prepaid Expenses $227.9M
Receivables $1.580B
Other Receivables $65.50M
Total Short-Term Assets $2.649B
YoY Change 1.17%
LONG-TERM ASSETS
Property, Plant & Equipment $141.6M
YoY Change -11.67%
Goodwill $2.049B
YoY Change -0.15%
Intangibles $703.2M
YoY Change -14.54%
Long-Term Investments $723.5M
YoY Change 4.33%
Other Assets $839.5M
YoY Change 0.79%
Total Long-Term Assets $4.885B
YoY Change -1.59%
TOTAL ASSETS
Total Short-Term Assets $2.649B
Total Long-Term Assets $4.885B
Total Assets $7.534B
YoY Change -0.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.069B
YoY Change 1.94%
Accrued Expenses $799.9M
YoY Change 6.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $89.90M
YoY Change -21.0%
Total Short-Term Liabilities $2.241B
YoY Change 1.08%
LONG-TERM LIABILITIES
Long-Term Debt $2.997B
YoY Change -4.1%
Other Long-Term Liabilities $270.0M
YoY Change 1.31%
Total Long-Term Liabilities $3.267B
YoY Change -3.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.241B
Total Long-Term Liabilities $3.267B
Total Liabilities $5.831B
YoY Change -2.99%
SHAREHOLDERS EQUITY
Retained Earnings -$1.099B
YoY Change -7.43%
Common Stock $22.90M
YoY Change 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.702B
YoY Change
Total Liabilities & Shareholders Equity $7.534B
YoY Change -0.64%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $33.70M
YoY Change -199.41%
Depreciation, Depletion And Amortization $28.90M
YoY Change -20.17%
Cash From Operating Activities $196.1M
YoY Change 4.25%
INVESTING ACTIVITIES
Capital Expenditures $9.400M
YoY Change -33.8%
Acquisitions
YoY Change
Other Investing Activities $66.80M
YoY Change -230.98%
Cash From Investing Activities $57.40M
YoY Change -188.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.00M
YoY Change 9.4%
NET CHANGE
Cash From Operating Activities 196.1M
Cash From Investing Activities 57.40M
Cash From Financing Activities -57.00M
Net Change In Cash 196.5M
YoY Change 177.54%
FREE CASH FLOW
Cash From Operating Activities $196.1M
Capital Expenditures $9.400M
Free Cash Flow $186.7M
YoY Change 7.36%

Facts In Submission

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LitigationSettlementGainNetOfLegalFees
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CY2024Q3 cwk Earnings Before Interest Taxes Depreciation And Amortization Other Adjustments
EarningsBeforeInterestTaxesDepreciationAndAmortizationOtherAdjustments
5500000 usd
CY2023Q3 cwk Earnings Before Interest Taxes Depreciation And Amortization Other Adjustments
EarningsBeforeInterestTaxesDepreciationAndAmortizationOtherAdjustments
3000000.0 usd
cwk Earnings Before Interest Taxes Depreciation And Amortization Other Adjustments
EarningsBeforeInterestTaxesDepreciationAndAmortizationOtherAdjustments
11700000 usd
CY2024Q3 cwk Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortization
142500000 usd
CY2023Q3 cwk Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortization
150000000.0 usd
cwk Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortization
359500000 usd
cwk Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortization
357000000.0 usd
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
33700000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
227200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226900000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
233400000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
227200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
232100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
226900000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2344200000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6817000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6941300000 usd
CY2024Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
321000000.0 usd
CY2023Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
352700000 usd
CY2024Q3 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
19000000.0 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
41700000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
302000000.0 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
311000000.0 usd
CY2024Q3 us-gaap Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
67000000.0 usd
CY2023Q4 us-gaap Contract With Customer Asset Gross Noncurrent
ContractWithCustomerAssetGrossNoncurrent
81100000 usd
CY2024Q3 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent
2200000 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent
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CY2024Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
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CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
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CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
366800000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
75100000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
57000000.0 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
30500000 usd
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
44400000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
12900000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
2049400000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1838200000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1135000000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
703200000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1936500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1130600000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
805900000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10500000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
36200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49300000 usd
CY2024Q3 us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
2500000 usd
us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
6900000 usd
us-gaap Royalty Income Nonoperating
RoyaltyIncomeNonoperating
6200000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
723500000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12100000 usd
CY2024Q3 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4000000.0 usd
CY2023Q3 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4300000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
14700000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
18600000 usd
CY2024Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
38200000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3086900000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
89900000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2997000000 usd
CY2024Q3 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
116300000 usd
CY2024Q3 cwk Number Of Insurers
NumberOfInsurers
1 insurer
CY2024Q3 us-gaap Litigation Settlement Gain
LitigationSettlementGain
17300000 usd
us-gaap Litigation Settlement Gain
LitigationSettlementGain
17300000 usd
CY2024Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3100000000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3300000000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3100000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3200000000 usd
cwk Business Combination Contingent Consideration Arrangements Earn Out Payment
BusinessCombinationContingentConsiderationArrangementsEarnOutPayment
P5Y
CY2024Q3 cwk Transferors Interests In Transferred Financial Assets Receivables Sold Percent
TransferorsInterestsInTransferredFinancialAssetsReceivablesSoldPercent
1
us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
1900000000 usd
us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
2000000000 usd
cwk Proceeds From Accounts Receivable Securitization Received From Trade Accounts Receivable Sold To Third Party
ProceedsFromAccountsReceivableSecuritizationReceivedFromTradeAccountsReceivableSoldToThirdParty
1800000000 usd
cwk Proceeds From Accounts Receivable Securitization Received From Trade Accounts Receivable Sold To Third Party
ProceedsFromAccountsReceivableSecuritizationReceivedFromTradeAccountsReceivableSoldToThirdParty
2100000000 usd
CY2024Q3 us-gaap Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
429900000 usd
CY2023Q4 us-gaap Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
345700000 usd
CY2024Q3 cwk Transferors Interests In Transferred Financial Assets Maximum Investment Limit
TransferorsInterestsInTransferredFinancialAssetsMaximumInvestmentLimit
200000000 usd
CY2024Q3 cwk Transferors Interests In Transferred Financial Assets Amount Drawn On Investment Limit
TransferorsInterestsInTransferredFinancialAssetsAmountDrawnOnInvestmentLimit
125000000.0 usd
CY2023Q4 cwk Transferors Interests In Transferred Financial Assets Amount Drawn On Investment Limit
TransferorsInterestsInTransferredFinancialAssetsAmountDrawnOnInvestmentLimit
100000000.0 usd
CY2023Q2 us-gaap Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
11300000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
775400000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
767700000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
37500000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
33500000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
812900000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
801200000 usd
us-gaap Interest Paid Net
InterestPaidNet
201700000 usd
us-gaap Interest Paid Net
InterestPaidNet
167600000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
74500000 usd
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
89500000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
21700000 usd
cwk Increase Decrease In Beneficial Interest In Securitization Noncash
IncreaseDecreaseInBeneficialInterestInSecuritizationNoncash
-60900000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
36200000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
46300000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
cwk-20240930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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0001628369-24-000020-index.html Edgar Link pending
0001628369-24-000020.txt Edgar Link pending
0001628369-24-000020-xbrl.zip Edgar Link pending
cwk-20240930.htm Edgar Link pending
cwk-20240930.xsd Edgar Link pending
cwk-20240930_g1.jpg Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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q32024exhibit311.htm Edgar Link pending
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cwk-20240930_def.xml Edgar Link unprocessable
cwk-20240930_lab.xml Edgar Link unprocessable
cwk-20240930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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cwk-20240930_cal.xml Edgar Link unprocessable