CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||
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Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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Income Statement [Abstract] | ||||||||||||||||||||||||||||
Revenue | $ 9,036.0 | $ 7,868.0 | $ 25,363.0 | $ 22,999.0 | ||||||||||||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||||
Cost of revenue | 7,252.0 | 6,397.0 | 20,521.0 | 18,583.0 | ||||||||||||||||||||||||
Operating, administrative and other | 1,237.0 | 1,058.0 | 3,538.0 | 3,356.0 | ||||||||||||||||||||||||
Depreciation and amortization | 178.0 | 149.0 | 497.0 | 465.0 | ||||||||||||||||||||||||
Total costs and expenses | 8,667.0 | 7,604.0 | 24,556.0 | 22,404.0 | ||||||||||||||||||||||||
(Loss) gain on disposition of real estate | (1.0) | 5.0 | 12.0 | 18.0 | ||||||||||||||||||||||||
Operating income | 368.0 | 269.0 | 819.0 | 613.0 | ||||||||||||||||||||||||
Equity (loss) income from unconsolidated subsidiaries | (4.0) | (13.0) | (77.0) | 121.0 | ||||||||||||||||||||||||
Other income | 12.0 | 14.0 | 26.0 | 22.0 | ||||||||||||||||||||||||
Interest expense, net of interest income | 64.0 | 38.0 | 163.0 | 110.0 | ||||||||||||||||||||||||
Total Other Income Expenses | -56.0 | -37.0 | -214.0 | -209.0 | 0.0 | |||||||||||||||||||||||
Total Other Income Expenses | -72.0 | -39.0 | -112.0 | -11.0 | 0.0 | |||||||||||||||||||||||
Total Other Income Expenses | -80.0 | -65.0 | -266.0 | -253.0 | 0.0 | |||||||||||||||||||||||
Total Other Income Expenses | 80.0 | 65.0 | 266.0 | 253.0 | 0.0 | |||||||||||||||||||||||
Total Other Income Expenses | 72.0 | 39.0 | 112.0 | 253.0 | 0.0 | |||||||||||||||||||||||
Income before provision for income taxes | 312.0 | 232.0 | 605.0 | 646.0 | ||||||||||||||||||||||||
Provision for income taxes | 67.0 | 31.0 | 70.0 | 114.0 | ||||||||||||||||||||||||
Net income | 245.0 | 201.0 | 535.0 | 532.0 | ||||||||||||||||||||||||
Less: Net income attributable to non-controlling interests | 20.0 | 10.0 | 54.0 | 23.0 | ||||||||||||||||||||||||
Net income attributable to CBRE Group, Inc. | $ 225.0 | $ 191.0 | $ 481.0 | $ 509.0 | ||||||||||||||||||||||||
Basic income per share: | ||||||||||||||||||||||||||||
Net income per share attributable to CBRE Group, Inc. (in dollars per share) | $ 0.73 | $ 0.62 | $ 1.57 | $ 1.64 | ||||||||||||||||||||||||
Weighted average shares outstanding for basic income per share (in shares) | 306,253,811 | 307,854,518 | 306,269,264 | 309,716,456 | ||||||||||||||||||||||||
Diluted income per share: | ||||||||||||||||||||||||||||
Net income per share attributable to CBRE Group, Inc. (in dollars per share) | $ 0.73 | $ 0.61 | $ 1.56 | $ 1.62 | ||||||||||||||||||||||||
Weighted average shares outstanding for diluted income per share (in shares) | 308,305,013 | 312,221,133 | 308,281,111 | 313,944,855 |
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- Definition Cost and expenses excluding gain on disposition of real estate assets. No definition available.
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- Definition Operating, administrative and other expenses. No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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