01—Abstract
Summary
Summary of the 10-Q filed May 10, 2019. Cited figures are marked; the original filing is the authoritative source.
CBRE Group, Inc. (CBRE) filed its Form 10-Q for the quarterly period ending March 30, 2019, on May 9, 2019.
The report provides an unaudited look at the company's financial performance and position, offering insights into its operational trends and outlook for investors. Key financial statements, including consolidated balance sheets, statements of operations, comprehensive income, cash flows, and equity, along with accompanying notes, detail the company's financial health during the first quarter of 2019. The Management's Discussion and Analysis (MD&A) section is crucial for understanding the drivers behind the reported numbers.
Investors should pay close attention to the MD&A for management's perspective on the company's performance, its financial condition, and any significant market risks or trends impacting the business. The report also includes information on legal proceedings, risk factors, and other relevant disclosures that shape the overall investment narrative for CBRE.
02—Key points
Key Highlights
- The filing covers the unaudited financial results for the three months ended March 30, 2019, compared to the same period in 2018.
- Key financial statements are presented, including Consolidated Balance Sheets, Statements of Operations, Comprehensive Income, Cash Flows, and Equity.
- Management's Discussion and Analysis (MD&A) provides critical context on the company's financial condition and results of operations.
- The report details Quantitative and Qualitative Disclosures About Market Risk, offering insights into how CBRE manages exposure to various market volatilities.
- Information on Legal Proceedings and Risk Factors is included in Part II, alerting investors to potential challenges and uncertainties.
- The filing also discloses details regarding Unregistered Sales of Equity Securities and Use of Proceeds, if any.
- Exhibits are provided, which may include material contracts or other significant documents relevant to investors.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q1 FY2019, CBRE Group, Inc. kept $0.03.
- Revenue$5.14B100.0%
- Cost of revenue−$4.02B78.3%
- Gross profit$1.11B21.7%
- Operating costs−$968.5M18.9%
- Operating income$145.0M2.8%
- Interest, other & tax$19.4M0.4%
- Net income$164.4M3.2%
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2019filed May 10, 2019Financial Statements
Q1 FY2019 against Q1 FY2018
| Line item | Q1 FY2019Q1 FY2018 | Change |
|---|---|---|
| Revenue | $5.14B$4.67B | +9.9% |
| Cost of Revenue | $4.02B$3.62B | +11.1% |
| Gross Profit | $1.11B$1.05B | +5.6% |
| Operating Expenses | $5.01B$4.46B | +12.3% |
| Operating Income | $144.99M$213.61M | −32.1% |
| Interest Expense | $22.73M$28.86M | −21.2% |
| Net Income | $164.41M$150.29M | +9.4% |
| EPS (Basic) | $0.49$0.44 | +11.4% |
| EPS (Diluted) | $0.48$0.44 | +9.1% |
| Shares Outstanding (Basic) | 336.02M338.89M | −0.8% |
| Shares Outstanding (Diluted) | 340.16M342.59M | −0.7% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q filing?
This Form 10-Q filing provides CBRE Group, Inc.'s unaudited financial results and operational updates for the quarterly period ending March 30, 2019. It allows investors to track the company's performance between annual reports and understand its current financial health and outlook.
Where can I find the most important information about CBRE's performance in the first quarter of 2019?
The most critical sections for investors are the Consolidated Statements of Operations, which show revenue and expenses, and Management's Discussion and Analysis (MD&A), which offers management's narrative and explanation of the financial results, business trends, and future outlook.
What are the key financial statements included in this report?
The report includes unaudited Consolidated Balance Sheets, Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income, Consolidated Statements of Cash Flows, and Consolidated Statements of Equity for the relevant periods, along with their accompanying Notes to Consolidated Financial Statements.
Does this filing mention any significant risks or legal issues facing CBRE?
Yes, Part II of the filing contains 'Risk Factors,' which outlines potential risks that could affect CBRE's business, financial condition, or results of operations. It also includes a section on 'Legal Proceedings' if there are any material ongoing legal matters.
06—Continue