Cushman & Wakefield Limited (CWK)
NYSE: CWK · Real-Time Price · USD
14.40
+0.03 (0.21%)
Aug 14, 2026, 4:00 PM EDT - Market closed
Cushman & Wakefield Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
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 | 69.1 | 88.2 | 131.3 | -35.4 | 196.4 | 250 |
Depreciation & Amortization | 192.9 | 190.7 | 208.7 | 243.4 | 249.1 | 276.3 |
Other Amortization | 7.4 | 8 | 7.5 | 7.5 | 9.6 | 9.4 |
Loss (Gain) From Sale of Assets | - | - | 15.8 | 1.3 | 13.2 | - |
Asset Writedown & Restructuring Costs | - | 6.5 | 3.8 | 13.6 | 1.6 | 18.3 |
Loss (Gain) From Sale of Investments | 154.7 | 150.9 | 0.8 | 27.8 | 84.2 | 10.4 |
Loss (Gain) on Equity Investments | 19.6 | 3 | -18.7 | -33.7 | -45.4 | -19.9 |
Stock-Based Compensation | 57.1 | 58.2 | 35.6 | 54.1 | 40.3 | 58.2 |
Provision & Write-off of Bad Debts | 28.8 | 22.2 | 20.8 | 10.6 | 31.7 | 38 |
Other Operating Activities | -5.2 | -76.6 | -59 | -12.5 | 7.2 | -55.4 |
Change in Accounts Receivable | -136.1 | -109.7 | -57.9 | 135.3 | -401.6 | -317.7 |
Change in Accounts Payable | 37.4 | 108.7 | 16.8 | -49.4 | 125.1 | 131.1 |
Change in Income Taxes | -7.5 | 10.9 | 2.1 | -34.1 | -96.1 | 91.5 |
Change in Other Net Operating Assets | -114.9 | -120.6 | -99.6 | -176.3 | -166.2 | 59.3 |
Operating Cash Flow | 303.3 | 340.4 | 208 | 152.2 | 49.1 | 549.5 |
Operating Cash Flow Growth | 90.88% | 63.65% | 36.66% | 209.98% | -91.06% | - |
Investing Activities
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 |
Capital Expenditures | -54.2 | -47.4 | -41 | -51 | -50.7 | -53.8 |
Cash Acquisitions | - | -4.9 | - | - | -32.8 | -7 |
Divestitures | 11.5 | 11.5 | 122.6 | - | - | - |
Investment in Securities | -4.6 | -8.9 | -1.7 | -6.9 | -26.4 | -688.9 |
Other Investing Activities | 3.3 | 8.6 | 1.3 | 6.8 | -10.8 | 0.2 |
Investing Cash Flow | 6 | -21.1 | 81.2 | 48.9 | -120.7 | -749.5 |
Financing Activities
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 |
Long-Term Debt Issued | - | - | - | 2,400 | - | - |
Long-Term Debt Repaid | - | -326.1 | -228.6 | -2,434 | -44 | -40.1 |
Net Debt Issued (Repaid) | -373.1 | -326.1 | -228.6 | -34.2 | -44 | -40.1 |
Repurchase of Common Stock | -23.9 | -11.2 | -10.4 | -8.1 | -27.2 | -8.6 |
Other Financing Activities | -20.1 | -13.2 | -14.4 | -78.5 | -8.1 | -17.1 |
Financing Cash Flow | -417.1 | -350.5 | -253.4 | -120.8 | -79.3 | -65.8 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -19.5 | 20.1 | -22.4 | 1.9 | -20.4 | -8 |
Net Cash Flow | -127.3 | -11.1 | 13.4 | 82.2 | -171.3 | -273.8 |
Free Cash Flow
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 |
Free Cash Flow | 249.1 | 293 | 167 | 101.2 | -1.6 | 495.7 |
Free Cash Flow Growth | 97.23% | 75.45% | 65.02% | - | - | - |
Free Cash Flow Margin | 2.30% | 2.85% | 1.77% | 1.07% | -0.02% | 5.28% |
Free Cash Flow Per Share | 1.05 | 1.25 | 0.72 | 0.45 | -0.01 | 2.19 |
Levered Free Cash Flow | 302.5 | 442.49 | 439.04 | 240.06 | 353.01 | 646.95 |
Unlevered Free Cash Flow | 428.79 | 567.43 | 575.23 | 408.25 | 464.1 | 749.74 |
Additional Metrics
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 |
Cash Interest Paid | 203.6 | 216.6 | 263.9 | 233.3 | 181.4 | 166.4 |
Cash Income Tax Paid | 66.3 | 59.3 | 69.1 | 88.5 | 215.4 | 46.5 |
Change in Working Capital | -221.1 | -110.7 | -138.6 | -124.5 | -538.8 | -35.8 |