CBRE Group (CBRE) FY2021 results: revenue $27.7 billion, up 16.5% on the year
CBRE Group, Inc. (CBRE) reported revenue of $27.7 billion for fiscal 2021, the year ended 31 December 2021, up 16.5% on the year before. Net income was $1.8 billion, up 144.2%, and diluted earnings per share $5.41. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$27.7 billion
+16.5% on the year
FY2014FY2021
Operating margin
5.9%
4.1% a year earlier
FY2014FY2021
Net income
$1.8 billion
+144.2% on the year
FY2014FY2021
Diluted EPS
$5.41
+143.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,364
1,831
1,223
+29.1%
Capital expenditure
210
267
294
-21.3%
Free cash flow
2,154
1,564
930
+37.7%
Free cash flow margin
7.8%
6.6%
3.9%
Cash from investing
-1,281
-744
-721
Cash from financing
-491
-223
-272
Depreciation and amortisation
526
502
439
+4.8%
Share-based compensation
185
60.4
128
+206.2%
Buybacks
369
50.0
145
+636.8%
Diluted shares, weighted
340m
338m
341m
+0.4%
Shares outstanding at period end
333m
336m
335m
-0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,528
7,078
6,233
+20.5%
Non-controlling interest
831
41.8
40.4
+1,889.7%
Redeemable equity
0.0
386
0.0
Debt
2,848
2,771
2,745
+2.8%
Operating lease liabilities
1,117
1,117
1,058
-0.0%
Finance lease liabilities
73.3
78.9
60.0
-7.1%
Other liabilities
8,676
6,567
6,062
+32.1%
Total liabilities and equity
22,073
18,039
16,197
+22.4%
Fixed assets
816
815
836
+0.1%
Goodwill
4,995
3,822
3,753
+30.7%
Intangible assets
2,409
1,368
1,380
+76.1%
Cash and equivalents
2,431
1,896
972
+28.2%
Receivables
5,150
4,395
4,467
+17.2%
Other assets
6,271
5,743
4,789
+9.2%
Total assets
22,073
18,039
16,197
+22.4%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.