CBRE Group (CBRE) FY2022 results: revenue $30.8 billion, up 11.1% on the year
CBRE Group, Inc. (CBRE) reported revenue of $30.8 billion for fiscal 2022, the year ended 31 December 2022, up 11.1% on the year before. Net income was $1.4 billion, down 23.4%, and diluted earnings per share $4.29. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$30.8 billion
+11.1% on the year
FY2015FY2022
Operating margin
4.9%
5.9% a year earlier
FY2015FY2022
Net income
$1.4 billion
-23.4% on the year
FY2015FY2022
Diluted EPS
$4.29
-20.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,629
2,364
1,831
-31.1%
Capital expenditure
260
210
267
+24.0%
Free cash flow
1,369
2,154
1,564
-36.5%
Free cash flow margin
4.4%
7.8%
6.6%
Cash from investing
-832
-1,281
-744
Cash from financing
-1,766
-491
-223
Depreciation and amortisation
613
526
502
+16.6%
Share-based compensation
160
185
60.4
-13.5%
Buybacks
1,850
369
50.0
+402.0%
Diluted shares, weighted
328m
340m
338m
-3.5%
Shares outstanding at period end
311m
333m
336m
-6.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,853
8,528
7,078
-7.9%
Non-controlling interest
752
831
41.8
-9.4%
Redeemable equity
0.0
0.0
386
Debt
2,183
2,848
2,771
-23.4%
Operating lease liabilities
1,080
1,117
1,117
-3.2%
Finance lease liabilities
58.1
73.3
78.9
-20.7%
Other liabilities
8,586
8,676
6,567
-1.0%
Total liabilities and equity
20,513
22,073
18,039
-7.1%
Fixed assets
836
816
815
+2.4%
Goodwill
4,868
4,995
3,822
-2.5%
Intangible assets
2,193
2,409
1,368
-9.0%
Cash and equivalents
1,318
2,431
1,896
-45.8%
Receivables
5,327
5,150
4,395
+3.4%
Other assets
5,971
6,271
5,743
-4.8%
Total assets
20,513
22,073
18,039
-7.1%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.