Cushman & Wakefield plc (CWK)

Cushman & Wakefield Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	9,494	10,106	9,389	7,844	8,751
Revenue Growth (YoY)	-6.06%	7.64%	19.70%	-10.37%	6.46%
Cost of Revenue	7,842	8,154	7,448	6,455	6,982
Gross Profit	1,652	1,952	1,940	1,388	1,769
Selling, General & Admin	1,263	1,261	1,227	1,121	1,278
Other Operating Expenses	183.7	155.8	216.6	320.7	304.4
Operating Expenses	1,447	1,417	1,443	1,442	1,582
Operating Income	205.6	535.1	497	-53.1	187.3
Interest Expense / Income	281.1	193.1	179.5	163.8	150.6
Other Expense / Income	-45.5	4	-22.4	-40.3	-6.1
Pretax Income	-30	338	339.9	-176.6	42.8
Income Tax	5.4	141.6	89.9	43.9	42.6
Net Income	-35.4	196.4	250	-220.5	0.2
Net Income Growth	-	-21.44%	-	-	-
Shares Outstanding (Basic)	227	225	223	221	218
Shares Outstanding (Diluted)	227	228	227	221	225
Shares Change	-0.48%	0.66%	2.58%	-1.65%	31.13%
EPS (Basic)	-0.16	0.87	1.12	-1.00	-
EPS (Diluted)	-0.16	0.86	1.10	-1.00	-
EPS Growth	-	-21.82%	-	-	-
Free Cash Flow	101.2	-1.6	495.7	-79.2	189
Free Cash Flow Per Share	0.45	-0.01	2.22	-0.36	0.87
Gross Margin	17.40%	19.32%	20.67%	17.70%	20.22%
Operating Margin	2.17%	5.30%	5.29%	-0.68%	2.14%
Profit Margin	-0.37%	1.94%	2.66%	-2.81%	0.00%
Free Cash Flow Margin	1.07%	-0.02%	5.28%	-1.01%	2.16%
Effective Tax Rate	-	41.89%	26.45%	-	99.53%
EBITDA	494.5	780.2	795.7	369	608
EBITDA Margin	5.21%	7.72%	8.48%	4.70%	6.95%
Depreciation & Amortization	243.4	249.1	276.3	381.8	414.6
EBIT	251.1	531.1	519.4	-12.8	193.4
EBIT Margin	2.64%	5.26%	5.53%	-0.16%	2.21%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).