CBRE Group, Inc. (CBRE) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -825M | 1.22B | 827M | 57M | -546M | 1.38B | 592M | 294M | -470M | 879.51M | 389.33M | -4.88M | -729.96M | 854.73M | 758.61M | 484.33M | -381.41M | 1.18B | 1B | 449.98M |
| Operating CF Margin % | -7.84% | 10.5% | 8.06% | 0.58% | -6.13% | 13.29% | 6.55% | 3.5% | -5.92% | 9.83% | 4.95% | -0.06% | -9.85% | 10.43% | 10.08% | 6.23% | -5.2% | 13.76% | 14.72% | 6.97% |
| Operating CF Growth % | -51.1% | -11.71% | 39.7% | -80.61% | -16.17% | 57.25% | 52.06% | 6130.77% | 35.61% | 2.9% | -48.68% | -101.01% | -91.39% | -27.33% | -24.18% | 7.63% | -104.34% | 18.51% | 16.75% | 140.22% |
| Net Income | 342M | 450M | 449M | 215M | 163M | 487M | 225M | 130M | 148M | 477.15M | 190.55M | 201.4M | 116.89M | 81.11M | 446.64M | 487.32M | 392.3M | 691.99M | 435.74M | 442.64M |
| Depreciation & Amortization | 233M | 37M | 333M | 182M | 177M | 177M | 178M | 161M | 158M | 182.16M | 149.16M | 154.39M | 161.49M | 159.56M | 142.14M | 162.36M | 149.03M | 194.04M | 122.56M | 119.08M |
| Stock-Based Compensation | 48M | 10M | 110M | 0 | 0 | 0 | 0 | 0 | 30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | -200M | -69M | 0 | 0 | 0 | 0 | 0 | -51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 411M | -58M | -1.37B | 65M | 83M | -205M | 22M | 73M | 74M | -117.94M | -19.34M | -318K | 38.4M | 131.54M | -150.54M | 68.11M | 81.09M | -257.03M | 17.77M | 23.68M |
| Working Capital Changes | -1.86B | 982M | 1.37B | -405M | -969M | 924M | 167M | -70M | -828M | 338.14M | 68.95M | -360.35M | -1.05B | 482.52M | 320.37M | -233.46M | -1B | 547.13M | 424.5M | -135.42M |
| Change in Receivables | -254M | -463M | 0 | 0 | 207M | 0 | 0 | 0 | 0 | 0 | 0 | -21.65M | -72.91M | -13.91B | 138.88M | -351.15M | -153.95M | -17.31B | -190.25M | -208.63M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -89M | 565M | 181M | 65M | -241M | 470M | 145M | 134M | -211M | 315.36M | 19.88M | -239.28M | -73.96M | 196.53M | 61.81M | -85.88M | -108.36M | 212.5M | 167.84M | -30.07M |
| Cash from Investing | 64M | -963M | -197M | -5M | -462M | -85M | -201M | -398M | -921M | -165.99M | -174.65M | -259.07M | -129.29M | -268.02M | -278.94M | -262.72M | -107.51M | -942.47M | -238.36M | -179.54M |
| Capital Expenditures | -81M | -144M | -84M | -74M | -64M | -93M | -79M | -67M | -68M | -93.73M | -76.25M | -74.73M | -60.28M | -99.14M | -64.27M | -54.67M | -42.06M | -88.44M | -45.47M | -46.35M |
| CapEx % of Revenue | 0.77% | 1.24% | 0.82% | 0.76% | 0.72% | 0.89% | 0.87% | 0.8% | 0.86% | 1.05% | 0.97% | 0.97% | 0.81% | 1.21% | 0.85% | 0.7% | 0.57% | 1.03% | 0.67% | 0.72% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 6M | 292M | -219M | 179M | 22M | 19M | -13M | 37M | 16M | 24.46M | -711K | -33.83M | 4.07M | 6.76M | 1.57M | -3.87M | -4.49M | 1.85M | -24.31M | -1.14M |
| Cash from Financing | 545M | -36M | 1.34B | -96M | 1.26B | -1.13B | -320M | 34M | 1.19B | -756.33M | -168.7M | 312.56M | 760.47M | -554.51M | -452.81M | -551.99M | -209.22M | -560.61M | -104.28M | -23.4M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -530M | -288M | 680M | -262M | -418M | -517M | -63M | -47M | 0 | -19.13M | -516.06M | 0 | -129.81M | -445.92M | -410.63M | -625.91M | -367.86M | -180.32M | -100.01M | -27.17M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -530M | -288M | 680M | -262M | -418M | -517M | -63M | -47M | 0 | -19.13M | -516.06M | 0 | -129.81M | -445.92M | -410.63M | -625.91M | -367.86M | -180.32M | -100.01M | -27.17M |
| Other Financing | 27M | -238M | -328M | -81M | -167M | -173M | -39M | -49M | -126M | -75.23M | -75.14M | -36.86M | -140.77M | -11.73M | -19.41M | -19.83M | -56.77M | -18.64M | -12.93M | -21.04M |
| Net Change in Cash | -219M | 205M | 277M | 19M | 292M | 64M | 124M | -94M | -244M | 17.94M | -4.26M | 37.54M | -85.06M | 181.8M | -107.67M | -461.91M | -747.15M | -336.34M | 619.31M | 255.1M |
| Free Cash Flow | -906M | 1.08B | 743M | -17M | -610M | 1.29B | 513M | 227M | -538M | 785.77M | 313.08M | -79.6M | -790.25M | 755.59M | 694.33M | 429.66M | -423.46M | 1.09B | 955.11M | 403.63M |
| FCF Margin % | -8.61% | 9.26% | 7.24% | -0.17% | -6.85% | 12.4% | 5.68% | 2.71% | -6.78% | 8.78% | 3.98% | -1.03% | -10.66% | 9.22% | 9.22% | 5.53% | -5.77% | 12.72% | 14.05% | 6.25% |
| FCF Growth % | -48.52% | -16.51% | 44.83% | -107.49% | -13.38% | 64.17% | 63.86% | 385.17% | 31.92% | 4% | -54.91% | -118.53% | -86.62% | -30.53% | -27.3% | 6.45% | -95.82% | 18.69% | 19.3% | 249.72% |
| FCF per Share | -3.05 | 3.59 | 2.47 | -0.06 | -2.01 | 4.18 | 1.66 | 0.74 | -1.74 | 2.55 | 1.00 | -0.25 | -2.51 | 2.37 | 2.14 | 1.30 | -1.26 | 3.20 | 2.81 | 1.19 |
| FCF Conversion (FCF/Net Income) | -2.59x | 2.94x | 2.28x | 0.27x | -3.35x | 2.84x | 2.63x | 2.26x | -3.73x | 1.84x | 2.04x | -0.02x | -6.24x | 10.54x | 1.70x | 0.99x | -0.97x | 1.70x | 2.30x | 1.02x |
| Interest Paid | 98M | 122M | 100M | 124M | 102M | 89M | 137M | 70M | 100M | 63.17M | 37M | 52M | 39M | 20.34M | 41.13M | 14.92M | 12.83M | 11.94M | 12.92M | 1.13M |
| Taxes Paid | 105M | 142M | 106M | 220M | 131M | 116M | 107M | 154M | 90M | 83.59M | 80M | 221M | 82M | 96.81M | 171.29M | 247.62M | 88.65M | 109.47M | 89.8M | 92.65M |