CBRE Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,435	1,277	1,036	1,027	1,424	1,842
Depreciation & Amortization	939	928	869	790	613	534
Stock-Based Compensation	164	120	146	96	160	185
Other Adjustments	-978	-728	-471	-516	71	-447
Change in Receivables	-	-882	-597	-702	-503	-766
Changes in Inventories	-	-	-	-	95	-55
Changes in Accounts Payable	834	570	566	34	64	105
Changes in Accrued Expenses	366	285	206	-173	-2	730
Changes in Income Taxes Payable	50	-40	-82	-103	-133	248
Changes in Other Operating Activities	37	29	35	27	-568	-833
Operating Cash Flow	1,361	1,559	1,708	480	1,629	2,364
Operating Cash Flow Growth	-4.42%	-8.72%	255.83%	-70.53%	-31.09%	29.13%
Capital Expenditures	-1,016	-756	-696	-476	-260	-210
Sale of Property, Plant & Equipment	772	509	235	77	-	-
Purchases of Investments	-	-	-	-	-	-220
Proceeds from Sale of Investments	-	-	-	-	-	213
Cash Acquisitions	-1,069	-1,374	-1,067	-203	-173	-781
Other Investing Activities	-145	-6	14	-79	-399	-283
Investing Cash Flow	-1,369	-1,627	-1,514	-681	-832	-1,281
Short-Term Debt Issued	-272	677	4,348	4,006	1,833	27
Short-Term Debt Repaid	-	-132	-4,041	-4,184	-1,655	-
Net Short-Term Debt Issued (Repaid)	-272	545	307	-178	178	27
Long-Term Debt Issued	1,478	2,410	495	1,723	-	570
Long-Term Debt Repaid	-70	-670	-9	-437	-	-409
Net Long-Term Debt Issued (Repaid)	1,408	1,740	486	1,286	-	161
Repurchase of Common Stock	-1,228	-968	-627	-665	-1,888	-408
Net Common Stock Issued (Repurchased)	-1,228	-968	-627	-665	-1,888	-408
Other Financing Activities	-235	-521	-387	-289	-56	-270
Financing Cash Flow	163	796	-221	154	-1,766	-490
Foreign Exchange Rate Adjustments	-48	65	-123	13	-166	-92
Net Cash Flow	107	793	-150	-34	-1,135	501
Free Cash Flow	345	803	1,012	4	1,369	2,154
Free Cash Flow Growth	-52.54%	-20.65%	25200.00%	-99.71%	-36.44%	37.71%
FCF Margin	0.79%	1.98%	2.83%	0.01%	4.44%	7.76%
Free Cash Flow Per Share	1.16	2.67	3.29	0.01	4.18	6.34
Levered Free Cash Flow	3,647	4,458	2,659	2,193	1,394	2,544
Unlevered Free Cash Flow	2,770	2,420	2,100	997.32	1,108	1,770

SEC Filings: 10-K · 10-Q