CBRE Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.16B | $968.0M | $986.0M | $1.41B | $1.84B | $752.0M | $1.28B | $1.06B |
| Depreciation & Amortization | $729.0M | $674.0M | $622.0M | $613.0M | $526.0M | $501.7M | $439.2M | $452.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $393.0M | $363.0M | $322.0M | $348.0M | $276.5M | $227.1M | $225.7M | $258.7M |
| Stock-Based Compensation | $120.0M | $146.0M | $96.0M | $160.0M | $185.0M | $60.4M | $127.7M | $128.2M |
| Net Cash from Operating Activities | $1.56B | $1.71B | $480.0M | $1.63B | $2.36B | $1.83B | $1.22B | $1.13B |
| Investing Activities | ||||||||
| Capital Expenditures | $366.0M | $307.0M | $305.0M | $260.1M | $209.9M | $266.6M | $293.5M | $227.8M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.63B | $-1.51B | $-681.0M | $-832.0M | $-1.28B | $-744.1M | $-721.0M | $-560.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $968.0M | $627.0M | $665.0M | $1.85B | $369.0M | $50.0M | $145.1M | $161.0M |
| Net Cash from Financing Activities | $796.0M | $-221.0M | $154.0M | $-1.77B | $-490.0M | $-222.8M | $-271.9M | $-506.6M |
| Net Change in Cash | $793.0M | $-150.0M | $-34.0M | $-1.14B | $501.0M | $945.5M | $229.8M | $39.1M |
| Free Cash Flow | $1.19B | $1.40B | $175.0M | $1.37B | $2.15B | $1.56B | $929.9M | $903.4M |