| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 110,600 | 59,200 |
| Depreciation and amortization | 78,700 | 52,900 |
| Impairment charges | 6,500 | 6,500 |
| Unrealized foreign exchange gain | 5,200 | 3,300 |
| Stock-based compensation | 44,100 | 30,100 |
| Lease amortization | 64,600 | 43,400 |
| Loss on debt extinguishment | -1,400 | - |
| Amortization of debt issuance costs | 6,000 | 4,000 |
| Loss (earnings) from equity method investments, net of distributions received | -6,800 | 5,800 |
| Change in deferred taxes | 56,200 | 31,500 |
| Provision for loss on receivables and other assets | 8,100 | 2,600 |
| Loss on disposition of business | 0 | 0 |
| Unrealized loss on equity securities, net | -700 | -400 |
| Gain from insurance proceeds | 0 | - |
| Other operating activities, net | 20,000 | 15,400 |
| Trade and other receivables | 58,300 | -29,700 |
| Income taxes payable | 28,000 | 23,200 |
| Short-term contract assets and prepaid expenses and other current assets | -13,600 | 46,400 |
| Other non-current assets | 112,400 | 67,400 |
| Accounts payable and accrued expenses | 54,500 | 900 |
| Accrued compensation | -17,600 | -176,900 |
| Other current and non-current liabilities | -70,800 | -58,600 |
| Net cash provided by operating activities | 83,100 | -152,400 |
| Payment for property and equipment | 24,400 | 13,900 |
| Acquisitions of businesses, net of cash acquired | 4,900 | 4,900 |
| Investments in equity securities | 8,500 | 8,000 |
| Return of beneficial interest in a securitization | 380,000 | 230,000 |
| Collection on beneficial interest in a securitization | 380,000 | 280,000 |
| Proceeds from disposition of business | 0 | - |
| Other investing activities, net | -8,800 | -7,900 |
| Net cash (used in) provided by investing activities | -29,000 | 31,100 |
| Shares repurchased for payment of employee taxes on stock awards | 10,900 | 10,400 |
| Payment of deferred and contingent consideration | 6,300 | 5,500 |
| Repayment of borrowings | 200,000 | 50,000 |
| Payment of finance lease liabilities | 19,900 | 13,300 |
| Other financing activities, net | 4,000 | 1,600 |
| Net cash used in financing activities | -233,100 | -77,600 |
| Change in cash, cash equivalents and restricted cash | -179,000 | -198,900 |
| Cash and cash equivalents at beginning of period | 814,600 | - |
| Effect of exchange rate changes on cash | 25,200 | - |
| Cash and cash equivalents at end of period | 660,800 | - |
Cushman & Wakefield plc (CWK)
Cushman & Wakefield plc (CWK)