| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 827 | 431 | 191 | 535 |
| Depreciation and amortization | 540 | 359 | 177 | 497 |
| Amortization of financing costs | - | - | - | 5 |
| Amortization of other assets | 152 | 103 | 48 | - |
| Net non-cash mortgage servicing rights and premiums on loan sales | 126 | 74 | 33 | 111 |
| Gain on disposition of real estate assets | - | - | - | 12 |
| Net realized and unrealized gains, primarily from investments | - | - | - | 10 |
| Provision for doubtful accounts | - | - | - | 16 |
| Deferred income taxes | -69 | -3 | -3 | - |
| Stock-based compensation expense | 110 | 63 | 21 | 112 |
| Equity (income) loss from investments | 50 | -2 | 16 | -77 |
| Distribution of earnings from unconsolidated subsidiaries | - | - | - | 43 |
| Other non-cash adjustments | 12 | -4 | -8 | - |
| Sale of mortgage loans | 9,984 | 5,776 | 1,976 | 7,479 |
| Origination of mortgage loans | 11,041 | 6,646 | 2,599 | 8,212 |
| Warehouse lines of credit | 1,072 | 880 | 626 | 756 |
| Tenant concessions received | - | - | - | -21 |
| Purchase of equity securities | - | - | - | 56 |
| Proceeds from sale of equity securities | - | - | - | 80 |
| Increase in real estate under development | - | - | - | 6 |
| Receivables, prepaid expenses and other assets | 419 | 167 | -207 | 134 |
| Accounts payable, accrued liabilities and other liabilities | 5 | -176 | -241 | 68 |
| Accrued compensation expenses | -431 | -787 | -859 | -525 |
| Income taxes, net | 204 | 254 | 76 | 157 |
| Other operating activities, net | - | - | -27 | 98 |
| Net cash provided by operating activities | 338 | -489 | -546 | 368 |
| Capital expenditures | 222 | 138 | 64 | 214 |
| Payments for business acquired, net of cash acquired | 331 | 311 | 303 | 1,052 |
| Capital contributions related to investments | 93 | 85 | 51 | 110 |
| Distributions from unconsolidated subsidiaries | - | - | - | 48 |
| Acquisition and development of real estate assets | 240 | 134 | 66 | 212 |
| Proceeds from disposition of real estate assets | - | - | - | 6 |
| Other investing activities, net | -222 | -201 | -22 | -40 |
| Net cash used in investing activities | -664 | -467 | -462 | -1,494 |
| Proceeds from revolving credit facility | 0 | 0 | 0 | 3,213 |
| Repayment of revolving credit facility | 132 | 132 | 132 | 2,530 |
| Proceeds from commercial paper | - | - | 1,421 | - |
| Proceeds from commercial paper, net | 910 | 1,182 | - | - |
| Proceeds from long-term debt | 1,668 | 1,674 | 585 | 0 |
| Repayment of long-term debt | 651 | 636 | 33 | 0 |
| Proceeds from notes payable on real estate | - | - | - | 51 |
| Repayment of notes payable on real estate | - | - | - | 0 |
| Proceeds from issuance of senior notes-Senior Notes-Senior Notes Five Point Five Percent | - | - | 0 | 495 |
| Proceeds from issuance-Senior Notes-Senior Notes Five Point Nine Point Five Zero Percent | - | - | - | 0 |
| Repurchase of common stock | 680 | 680 | 418 | 110 |
| Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) | - | - | - | 23 |
| Units repurchased for payment of taxes on equity awards | - | - | - | 105 |
| Non-controlling interest contributions | - | - | - | 22 |
| Non-controlling interest distributions | - | - | - | 39 |
| Other financing activities, net | -283 | -248 | -167 | -47 |
| Net cash provided by financing activities | 832 | 1,160 | 1,256 | 927 |
| Effect of currency exchange rate changes on cash and cash equivalents and restricted cash | 82 | 107 | 44 | -15 |
| Net change in cash, cash equivalents and restricted cash | 588 | 311 | 292 | -214 |
| Cash and cash equivalents at beginning of period | 1,221 | 1,221 | 1,221 | 1,371 |
| Cash and cash equivalents at end of period | 1,809 | 1,532 | 1,513 | 1,157 |
CBRE GROUP, INC. (CBRE)
CBRE GROUP, INC. (CBRE)