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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,395 $ 1,114
Restricted cash 137 107
Receivables, less allowance for doubtful accounts of $109 and $101 at June 30, 2025 and December 31, 2024, respectively 7,319 7,005
Warehouse receivables 1,448 561
Contract assets 382 400
Prepaid expenses 420 332
Income taxes receivable 306 130
Other current assets 553 321
Total Current Assets 11,960 9,970
Property and equipment, net of accumulated depreciation and amortization of $2,000 and $1,795 at June 30, 2025 and December 31, 2024, respectively 972 914
Goodwill 6,410 5,621
Other intangible assets, net of accumulated amortization of $2,731 and $2,494 at June 30, 2025 and December 31, 2024, respectively 2,485 2,298
Operating lease assets 1,986 1,198
Investments in unconsolidated subsidiaries (with $439 and $890 at fair value at June 30, 2025 and December 31, 2024, respectively) 858 1,295
Non-current contract assets 103 89
Real estate under development 365 505
Non-current income taxes receivable 89 75
Deferred tax assets, net 656 538
Other assets 1,809 1,880
Total Assets 27,693 24,383
Current Liabilities:    
Accounts payable and accrued expenses 4,112 4,102
Compensation and employee benefits payable 1,405 1,419
Accrued bonus and profit sharing 1,029 1,695
Operating lease liabilities 282 200
Contract liabilities 420 375
Income taxes payable 145 209
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 1,432 552
Revolving credit facilities 0 132
Other short-term borrowings 1,362 222
Current maturities of long-term debt 71 36
Other current liabilities 365 345
Total Current Liabilities 10,623 9,287
Long-term debt, net of current maturities 4,340 3,245
Non-current operating lease liabilities 2,053 1,307
Non-current tax liabilities 175 160
Deferred tax liabilities, net 258 247
Other liabilities 1,251 945
Total Liabilities 18,700 15,191
Mezzanine Equity:    
Redeemable non-controlling interests in consolidated entities 408 0
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 297,524,516 and 302,052,229 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 3 3
Additional paid-in capital 0 0
Accumulated earnings 9,393 9,567
Accumulated other comprehensive loss (1,143) (1,159)
Total CBRE Group, Inc. Stockholders’ Equity 8,253 8,411
Non-controlling interests 332 781
Total Equity 8,585 9,192
Total Liabilities and Equity $ 27,693 $ 24,383