Annual Income Statements for Cushman & Wakefield
This table shows Cushman & Wakefield's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Cushman & Wakefield
This table shows Cushman & Wakefield's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
24 |
30 |
-76 |
5.10 |
-34 |
70 |
-29 |
14 |
34 |
113 |
Consolidated Net Income / (Loss) |
|
24 |
30 |
-76 |
5.10 |
-34 |
70 |
-29 |
14 |
34 |
113 |
Net Income / (Loss) Continuing Operations |
|
24 |
30 |
-76 |
5.10 |
-34 |
70 |
-29 |
14 |
34 |
113 |
Total Pre-Tax Income |
|
50 |
89 |
-89 |
6.40 |
-17 |
70 |
-27 |
17 |
53 |
132 |
Total Revenue |
|
-30 |
7,752 |
2,184 |
2,361 |
2,213 |
2,512 |
2,138 |
2,232 |
2,301 |
2,583 |
Net Interest Income / (Expense) |
|
-50 |
-53 |
-77 |
-58 |
-90 |
-57 |
-59 |
-61 |
-55 |
-56 |
Total Interest Expense |
|
50 |
-140 |
77 |
58 |
90 |
-224 |
59 |
61 |
55 |
56 |
Long-Term Debt Interest Expense |
|
50 |
- |
77 |
58 |
90 |
- |
59 |
61 |
55 |
56 |
Total Non-Interest Income |
|
20 |
7,805 |
2,261 |
2,419 |
2,303 |
2,569 |
2,197 |
2,292 |
2,356 |
2,639 |
Net Realized & Unrealized Capital Gains on Investments |
|
20 |
31 |
12 |
13 |
17 |
17 |
12 |
4.30 |
12 |
9.30 |
Other Non-Interest Income |
|
- |
- |
2,249 |
2,406 |
2,286 |
2,552 |
2,185 |
2,288 |
2,344 |
2,630 |
Total Non-Interest Expense |
|
-112 |
7,753 |
2,274 |
2,355 |
2,228 |
2,444 |
2,164 |
2,214 |
2,248 |
2,481 |
Other Operating Expenses |
|
2,369 |
2,497 |
2,224 |
2,307 |
2,183 |
2,391 |
2,129 |
2,169 |
2,226 |
2,421 |
Depreciation Expense |
|
34 |
33 |
37 |
36 |
36 |
37 |
33 |
31 |
29 |
30 |
Impairment Charge |
|
0.60 |
5.80 |
7.20 |
7.00 |
9.20 |
15 |
5.00 |
17 |
14 |
4.60 |
Income Tax Expense |
|
26 |
59 |
-13 |
1.30 |
17 |
0.30 |
2.30 |
3.70 |
19 |
19 |
Basic Earnings per Share |
|
$0.11 |
$0.13 |
($0.34) |
$0.02 |
($0.15) |
$0.31 |
($0.13) |
$0.06 |
$0.15 |
$0.49 |
Weighted Average Basic Shares Outstanding |
|
225.70M |
225.40M |
226.20M |
227.10M |
227.20M |
226.90M |
227.90M |
229M |
229.30M |
228.90M |
Diluted Earnings per Share |
|
$0.11 |
$0.12 |
($0.34) |
$0.02 |
($0.15) |
$0.31 |
($0.13) |
$0.06 |
$0.14 |
$0.49 |
Weighted Average Diluted Shares Outstanding |
|
227.50M |
228M |
226.20M |
227.10M |
227.20M |
226.90M |
227.90M |
231.50M |
233.40M |
232.80M |
Weighted Average Basic & Diluted Shares Outstanding |
|
225.76M |
225.80M |
227.06M |
227.15M |
227.25M |
227.33M |
229.05M |
229.25M |
229.49M |
229.73M |
Annual Cash Flow Statements for Cushman & Wakefield
This table details how cash moves in and out of Cushman & Wakefield's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-116 |
29 |
506 |
-95 |
276 |
-266 |
-151 |
80 |
36 |
Net Cash From Operating Activities |
|
-335 |
4.40 |
-2.20 |
269 |
-38 |
550 |
49 |
152 |
208 |
Net Cash From Continuing Operating Activities |
|
-335 |
4.40 |
-2.20 |
269 |
-38 |
550 |
49 |
152 |
208 |
Net Income / (Loss) Continuing Operations |
|
-435 |
-221 |
-186 |
0.20 |
-221 |
250 |
196 |
-35 |
131 |
Consolidated Net Income / (Loss) |
|
-435 |
-221 |
-186 |
0.20 |
-221 |
250 |
196 |
-35 |
131 |
Provision For Loan Losses |
|
12 |
3.90 |
24 |
26 |
48 |
38 |
32 |
11 |
21 |
Depreciation Expense |
|
261 |
271 |
290 |
297 |
264 |
172 |
147 |
146 |
122 |
Amortization Expense |
|
13 |
17 |
13 |
122 |
128 |
114 |
112 |
105 |
94 |
Non-Cash Adjustments to Reconcile Net Income |
|
38 |
42 |
138 |
49 |
-25 |
68 |
87 |
101 |
6.40 |
Changes in Operating Assets and Liabilities, net |
|
-224 |
-107 |
-280 |
-226 |
-233 |
-92 |
-524 |
-175 |
-167 |
Net Cash From Investing Activities |
|
-138 |
-143 |
-218 |
-275 |
-258 |
-750 |
-121 |
49 |
81 |
Net Cash From Continuing Investing Activities |
|
-138 |
-143 |
-218 |
-275 |
-258 |
-750 |
-121 |
49 |
81 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-77 |
-129 |
-84 |
-80 |
-41 |
-54 |
-51 |
-51 |
-41 |
Purchase of Investment Securities |
|
-57 |
-100 |
-49 |
-280 |
-123 |
-696 |
-139 |
-0.10 |
-507 |
Divestitures |
|
10 |
- |
- |
- |
- |
- |
0.00 |
0.00 |
123 |
Sale and/or Maturity of Investments |
|
3.80 |
86 |
-85 |
86 |
-94 |
0.20 |
69 |
100 |
506 |
Net Cash From Financing Activities |
|
357 |
168 |
726 |
-90 |
572 |
-66 |
-79 |
-121 |
-253 |
Net Cash From Continuing Financing Activities |
|
357 |
168 |
726 |
-90 |
572 |
-66 |
-79 |
-121 |
-253 |
Issuance of Debt |
|
640 |
319 |
2,937 |
0.00 |
650 |
0.00 |
0.00 |
2,400 |
0.00 |
Repayment of Debt |
|
-320 |
-164 |
-3,168 |
-39 |
-43 |
-40 |
-44 |
-2,470 |
-229 |
Other Financing Activities, Net |
|
-2.90 |
-11 |
-62 |
-51 |
-35 |
-26 |
-35 |
-51 |
-25 |
Quarterly Cash Flow Statements for Cushman & Wakefield
This table details how cash moves in and out of Cushman & Wakefield's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-74 |
212 |
-191 |
43 |
71 |
157 |
-209 |
22 |
197 |
26 |
Net Cash From Operating Activities |
|
52 |
244 |
-222 |
-17 |
188 |
202 |
-125 |
22 |
196 |
115 |
Net Cash From Continuing Operating Activities |
|
52 |
244 |
-222 |
-17 |
188 |
202 |
-125 |
22 |
196 |
115 |
Net Income / (Loss) Continuing Operations |
|
24 |
30 |
-76 |
5.10 |
-34 |
70 |
-29 |
14 |
34 |
113 |
Consolidated Net Income / (Loss) |
|
24 |
30 |
-76 |
5.10 |
-34 |
70 |
-29 |
14 |
34 |
113 |
Provision For Loan Losses |
|
7.90 |
14 |
1.90 |
-0.10 |
3.00 |
5.80 |
2.40 |
5.30 |
3.00 |
10 |
Depreciation Expense |
|
34 |
33 |
37 |
36 |
36 |
37 |
33 |
31 |
29 |
30 |
Amortization Expense |
|
25 |
34 |
27 |
26 |
25 |
28 |
24 |
26 |
24 |
21 |
Non-Cash Adjustments to Reconcile Net Income |
|
30 |
12 |
29 |
23 |
23 |
26 |
-6.80 |
9.50 |
-12 |
16 |
Changes in Operating Assets and Liabilities, net |
|
-69 |
122 |
-240 |
-106 |
135 |
36 |
-148 |
-63 |
118 |
-74 |
Net Cash From Investing Activities |
|
-110 |
-13 |
73 |
72 |
-65 |
-31 |
-11 |
68 |
57 |
-33 |
Net Cash From Continuing Investing Activities |
|
-110 |
-13 |
73 |
72 |
-65 |
-31 |
-11 |
68 |
57 |
-33 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-14 |
-6.30 |
-10 |
-11 |
-14 |
-16 |
-11 |
-12 |
-9.40 |
-9.30 |
Purchase of Investment Securities |
|
-16 |
-76 |
-6.70 |
-39 |
41 |
4.90 |
-100 |
100 |
0.40 |
-506 |
Divestitures |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
1.20 |
Sale and/or Maturity of Investments |
|
-80 |
69 |
90 |
122 |
-92 |
-20 |
100 |
-20 |
-55 |
481 |
Net Cash From Financing Activities |
|
-16 |
-18 |
-43 |
-12 |
-52 |
-14 |
-73 |
-68 |
-57 |
-56 |
Net Cash From Continuing Financing Activities |
|
-16 |
-18 |
-43 |
-12 |
-52 |
-14 |
-73 |
-68 |
-57 |
-56 |
Repayment of Debt |
|
-6.70 |
-24 |
-1,024 |
-14 |
-1,431 |
-2.20 |
-62 |
-38 |
-50 |
-79 |
Other Financing Activities, Net |
|
-9.00 |
5.70 |
-19 |
1.40 |
-21 |
-12 |
-11 |
-30 |
-7.00 |
23 |
Annual Balance Sheets for Cushman & Wakefield
This table presents Cushman & Wakefield's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
5,793 |
6,546 |
7,163 |
7,338 |
7,890 |
7,949 |
7,774 |
7,549 |
Cash and Due from Banks |
|
406 |
895 |
813 |
1,075 |
771 |
645 |
768 |
793 |
Trading Account Securities |
|
7.90 |
8.70 |
7.90 |
115 |
641 |
677 |
708 |
724 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
304 |
314 |
299 |
236 |
195 |
173 |
164 |
136 |
Goodwill |
|
1,765 |
1,779 |
1,969 |
2,098 |
2,082 |
2,066 |
2,081 |
1,998 |
Intangible Assets |
|
1,306 |
1,128 |
1,063 |
991 |
922 |
875 |
806 |
690 |
Other Assets |
|
2,004 |
2,422 |
3,011 |
2,823 |
3,280 |
3,515 |
3,248 |
3,208 |
Total Liabilities & Shareholders' Equity |
|
5,793 |
6,546 |
7,163 |
7,338 |
7,890 |
7,949 |
7,774 |
7,549 |
Total Liabilities |
|
5,294 |
5,186 |
5,862 |
6,242 |
6,442 |
6,287 |
6,096 |
5,794 |
Short-Term Debt |
|
60 |
40 |
39 |
40 |
42 |
50 |
150 |
103 |
Accrued Interest Payable |
|
36 |
43 |
60 |
45 |
105 |
33 |
21 |
20 |
Other Short-Term Payables |
|
1,870 |
1,956 |
2,224 |
1,981 |
2,287 |
2,308 |
2,227 |
2,207 |
Long-Term Debt |
|
2,784 |
2,644 |
2,620 |
3,236 |
3,221 |
3,212 |
3,097 |
2,940 |
Other Long-Term Liabilities |
|
544 |
503 |
919 |
941 |
787 |
685 |
602 |
524 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
499 |
1,360 |
1,301 |
1,096 |
1,449 |
1,662 |
1,678 |
1,755 |
Total Preferred & Common Equity |
|
499 |
1,360 |
1,301 |
1,095 |
1,448 |
1,661 |
1,677 |
1,755 |
Total Common Equity |
|
499 |
1,360 |
1,301 |
1,095 |
1,448 |
1,661 |
1,677 |
1,755 |
Common Stock |
|
1,735 |
2,813 |
2,819 |
2,866 |
2,919 |
2,934 |
2,980 |
3,009 |
Retained Earnings |
|
-1,149 |
-1,298 |
-1,297 |
-1,528 |
-1,278 |
-1,082 |
-1,117 |
-986 |
Accumulated Other Comprehensive Income / (Loss) |
|
-87 |
-154 |
-243 |
-243 |
-193 |
-191 |
-185 |
-269 |
Noncontrolling Interest |
|
- |
- |
0.00 |
0.90 |
0.80 |
0.80 |
0.60 |
0.50 |
Quarterly Balance Sheets for Cushman & Wakefield
This table presents Cushman & Wakefield's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
7,622 |
7,622 |
7,640 |
7,582 |
7,491 |
7,343 |
7,534 |
Cash and Due from Banks |
|
381 |
460 |
502 |
588 |
554 |
567 |
775 |
Trading Account Securities |
|
659 |
686 |
682 |
694 |
714 |
711 |
724 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
156 |
170 |
166 |
160 |
155 |
148 |
142 |
Goodwill |
|
2,021 |
2,067 |
2,073 |
2,052 |
2,064 |
2,024 |
2,049 |
Intangible Assets |
|
885 |
858 |
841 |
823 |
791 |
712 |
703 |
Other Assets |
|
3,519 |
3,382 |
3,376 |
3,265 |
3,213 |
3,181 |
3,141 |
Total Liabilities & Shareholders' Equity |
|
7,622 |
7,622 |
7,640 |
7,582 |
7,491 |
7,343 |
7,534 |
Total Liabilities |
|
6,044 |
6,042 |
6,018 |
6,011 |
5,866 |
5,704 |
5,831 |
Short-Term Debt |
|
46 |
34 |
37 |
119 |
125 |
142 |
96 |
Accrued Interest Payable |
|
27 |
6.90 |
55 |
7.00 |
20 |
28 |
31 |
Other Short-Term Payables |
|
2,150 |
2,080 |
2,031 |
2,091 |
2,035 |
1,966 |
2,114 |
Long-Term Debt |
|
3,212 |
3,228 |
3,226 |
3,125 |
3,066 |
3,002 |
2,997 |
Other Long-Term Liabilities |
|
609 |
694 |
668 |
669 |
620 |
567 |
593 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,578 |
1,580 |
1,622 |
1,572 |
1,625 |
1,640 |
1,703 |
Total Preferred & Common Equity |
|
1,577 |
1,579 |
1,621 |
1,571 |
1,625 |
1,639 |
1,702 |
Total Common Equity |
|
1,577 |
1,579 |
1,621 |
1,571 |
1,625 |
1,639 |
1,702 |
Common Stock |
|
2,924 |
2,939 |
2,953 |
2,967 |
2,978 |
2,982 |
2,994 |
Retained Earnings |
|
-1,112 |
-1,158 |
-1,153 |
-1,187 |
-1,146 |
-1,133 |
-1,099 |
Accumulated Other Comprehensive Income / (Loss) |
|
-235 |
-202 |
-178 |
-209 |
-207 |
-211 |
-192 |
Noncontrolling Interest |
|
0.70 |
0.50 |
0.60 |
0.50 |
0.60 |
0.60 |
0.60 |
Annual Metrics and Ratios for Cushman & Wakefield
This table displays calculated financial ratios and metrics derived from Cushman & Wakefield's official financial filings.
Metric |
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
4,164.01% |
18.55% |
7.63% |
-10.63% |
-102.06% |
6,415.60% |
-7.27% |
-0.18% |
EBITDA Growth |
|
0.00% |
65.07% |
234.25% |
419.61% |
-53.04% |
190.15% |
-4.44% |
-62.98% |
64.15% |
EBIT Growth |
|
0.00% |
23.52% |
39.26% |
118.34% |
-549.36% |
291.79% |
-0.21% |
-108.88% |
588.00% |
NOPAT Growth |
|
0.00% |
23.52% |
39.26% |
100.12% |
-67,414.69% |
301.52% |
-21.16% |
-110.69% |
620.68% |
Net Income Growth |
|
0.00% |
49.08% |
16.04% |
100.11% |
-110,350.00% |
213.38% |
-21.44% |
-118.02% |
470.90% |
EPS Growth |
|
0.00% |
49.84% |
29.22% |
100.00% |
0.00% |
210.00% |
-21.82% |
-118.60% |
450.00% |
Operating Cash Flow Growth |
|
0.00% |
101.31% |
-150.00% |
12,340.91% |
-114.18% |
1,538.48% |
-91.06% |
209.98% |
36.66% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
76.29% |
109.81% |
-739.31% |
82.88% |
82.82% |
-40.13% |
1,171.55% |
Invested Capital Growth |
|
0.00% |
0.00% |
20.98% |
-2.06% |
10.35% |
7.79% |
4.50% |
0.02% |
-2.57% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
2.47% |
-4.21% |
-101.84% |
332.69% |
-36.11% |
0.77% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
31.73% |
-8.27% |
21.62% |
-26.91% |
-8.98% |
5.87% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
192.69% |
0.28% |
59.09% |
-38.65% |
-206.12% |
30.95% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
100.62% |
0.28% |
223.95% |
-49.01% |
-165.49% |
23.97% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
100.96% |
-15.99% |
225.10% |
-37.13% |
53.05% |
48.87% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
100.00% |
-16.28% |
233.33% |
-38.13% |
54.29% |
47.37% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
-101.06% |
529.51% |
-125.92% |
26.44% |
-53.06% |
-21.34% |
-29.54% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
2.60% |
8.80% |
-131.35% |
-276.14% |
119.50% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
1.57% |
1.09% |
4.68% |
1.81% |
2.26% |
0.04% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
-0.97% |
1.10% |
5.33% |
2.80% |
0.00% |
5.97% |
2.38% |
3.92% |
EBIT Margin |
|
0.00% |
-5.23% |
-2.68% |
0.46% |
-2.30% |
0.00% |
3.38% |
-0.32% |
1.58% |
Profit (Net Income) Margin |
|
0.00% |
-3.28% |
-2.32% |
0.00% |
-2.87% |
0.00% |
1.96% |
-0.38% |
1.42% |
Tax Burden Percent |
|
94.70% |
64.75% |
88.14% |
0.47% |
124.86% |
73.55% |
58.11% |
118.00% |
74.69% |
Interest Burden Percent |
|
99.48% |
96.88% |
98.37% |
108.91% |
100.00% |
100.35% |
100.00% |
100.00% |
120.08% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
99.53% |
0.00% |
26.45% |
41.89% |
0.00% |
25.31% |
Return on Invested Capital (ROIC) |
|
0.00% |
-14.78% |
-4.06% |
0.00% |
-2.97% |
0.00% |
4.08% |
-0.43% |
2.25% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
-12.97% |
-5.36% |
0.01% |
-6.23% |
0.00% |
4.08% |
-0.87% |
2.95% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
-73.85% |
-15.92% |
0.01% |
-15.43% |
0.00% |
8.55% |
-1.69% |
5.40% |
Return on Equity (ROE) |
|
0.00% |
-88.63% |
-19.98% |
0.02% |
-18.40% |
19.65% |
12.63% |
-2.12% |
7.65% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-214.78% |
-23.05% |
2.09% |
-12.81% |
-2.01% |
-0.33% |
-0.45% |
4.85% |
Operating Return on Assets (OROA) |
|
0.00% |
-6.09% |
-3.47% |
0.57% |
-2.44% |
0.00% |
4.27% |
-0.38% |
1.91% |
Return on Assets (ROA) |
|
0.00% |
-3.82% |
-3.01% |
0.00% |
-3.04% |
0.00% |
2.48% |
-0.45% |
1.71% |
Return on Common Equity (ROCE) |
|
0.00% |
-88.63% |
-19.98% |
0.02% |
-18.39% |
19.64% |
12.62% |
-2.12% |
7.65% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
-44.31% |
-13.66% |
0.02% |
-20.14% |
17.27% |
11.82% |
-2.11% |
7.48% |
Net Operating Profit after Tax (NOPAT) |
|
-323 |
-247 |
-150 |
0.18 |
-124 |
249 |
196 |
-21 |
109 |
NOPAT Margin |
|
0.00% |
-3.66% |
-1.88% |
0.00% |
-1.61% |
0.00% |
1.96% |
-0.23% |
1.18% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-1.80% |
1.30% |
0.00% |
3.26% |
-0.03% |
0.00% |
0.44% |
-0.70% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
0.00% |
105.23% |
102.68% |
99.54% |
102.30% |
0.00% |
96.62% |
100.32% |
98.42% |
Earnings before Interest and Taxes (EBIT) |
|
-461 |
-353 |
-214 |
39 |
-177 |
339 |
338 |
-30 |
146 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-188 |
-66 |
88 |
458 |
215 |
624 |
597 |
221 |
363 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
1.53 |
2.30 |
3.44 |
3.00 |
3.43 |
1.69 |
1.46 |
1.71 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Price to Revenue (P/Rev) |
|
0.00 |
0.11 |
0.39 |
0.52 |
0.43 |
0.00 |
0.28 |
0.26 |
0.32 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
22,399.21 |
0.00 |
19.88 |
14.32 |
0.00 |
22.86 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
5.03% |
6.98% |
0.00% |
4.37% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.96 |
1.22 |
1.60 |
1.26 |
1.58 |
1.10 |
1.00 |
1.09 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.48 |
0.61 |
0.74 |
0.71 |
0.00 |
0.54 |
0.53 |
0.57 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
55.73 |
13.80 |
25.50 |
11.95 |
9.10 |
22.34 |
14.48 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
160.97 |
0.00 |
22.03 |
16.07 |
0.00 |
35.87 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
34,448.24 |
0.00 |
29.96 |
27.65 |
0.00 |
48.03 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
727.93 |
0.00 |
23.49 |
0.00 |
13.58 |
110.61 |
32.42 |
25.25 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
75.78 |
0.00 |
0.00 |
0.00 |
0.00 |
22.28 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
5.69 |
1.97 |
2.04 |
2.99 |
2.25 |
1.96 |
1.93 |
1.73 |
Long-Term Debt to Equity |
|
0.00 |
5.57 |
1.94 |
2.01 |
2.95 |
2.22 |
1.93 |
1.85 |
1.67 |
Financial Leverage |
|
0.00 |
5.69 |
2.97 |
2.01 |
2.48 |
2.57 |
2.10 |
1.95 |
1.83 |
Leverage Ratio |
|
0.00 |
11.60 |
6.64 |
5.15 |
6.05 |
5.99 |
5.09 |
4.71 |
4.46 |
Compound Leverage Factor |
|
0.00 |
11.24 |
6.53 |
5.61 |
6.05 |
6.01 |
5.09 |
4.71 |
5.36 |
Debt to Total Capital |
|
0.00% |
85.06% |
66.37% |
67.15% |
74.93% |
69.25% |
66.24% |
65.93% |
63.42% |
Short-Term Debt to Total Capital |
|
0.00% |
1.78% |
0.99% |
0.99% |
0.91% |
0.90% |
1.01% |
3.04% |
2.15% |
Long-Term Debt to Total Capital |
|
0.00% |
83.28% |
65.38% |
66.15% |
74.03% |
68.35% |
65.23% |
62.89% |
61.26% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.02% |
0.02% |
0.02% |
0.01% |
0.01% |
Common Equity to Total Capital |
|
0.00% |
14.94% |
33.63% |
32.85% |
25.04% |
30.73% |
33.74% |
34.06% |
36.57% |
Debt to EBITDA |
|
0.00 |
-43.28 |
30.43 |
5.80 |
15.22 |
5.23 |
5.47 |
14.70 |
8.39 |
Net Debt to EBITDA |
|
0.00 |
-37.11 |
20.28 |
4.03 |
10.23 |
3.99 |
4.39 |
11.22 |
6.20 |
Long-Term Debt to EBITDA |
|
0.00 |
-42.37 |
29.98 |
5.72 |
15.04 |
5.16 |
5.38 |
14.02 |
8.11 |
Debt to NOPAT |
|
0.00 |
-11.51 |
-17.89 |
14,482.30 |
-26.50 |
13.10 |
16.61 |
-154.60 |
27.83 |
Net Debt to NOPAT |
|
0.00 |
-9.87 |
-11.92 |
10,054.19 |
-17.80 |
10.00 |
13.32 |
-118.04 |
20.57 |
Long-Term Debt to NOPAT |
|
0.00 |
-11.27 |
-17.63 |
14,268.30 |
-26.17 |
12.93 |
16.35 |
-147.47 |
26.88 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.04% |
0.07% |
0.05% |
0.04% |
0.03% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-3,590 |
-851 |
83 |
-534 |
-91 |
-16 |
-22 |
236 |
Operating Cash Flow to CapEx |
|
-433.51% |
3.41% |
-2.61% |
335.37% |
-93.17% |
1,021.38% |
96.84% |
298.43% |
507.32% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-19.61 |
-3.72 |
0.55 |
-3.26 |
-0.51 |
0.00 |
0.00 |
1.03 |
Operating Cash Flow to Interest Expense |
|
-1.95 |
0.02 |
-0.01 |
1.79 |
-0.23 |
3.06 |
0.00 |
0.00 |
0.90 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-2.40 |
-0.68 |
-0.38 |
1.26 |
-0.48 |
2.76 |
0.00 |
0.00 |
0.73 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
1.16 |
1.30 |
1.26 |
1.06 |
0.00 |
1.26 |
1.18 |
1.21 |
Fixed Asset Turnover |
|
0.00 |
22.16 |
25.86 |
28.06 |
28.72 |
0.00 |
54.45 |
55.12 |
61.73 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
3,343 |
4,044 |
3,961 |
4,371 |
4,712 |
4,924 |
4,925 |
4,798 |
Invested Capital Turnover |
|
0.00 |
4.03 |
2.16 |
2.15 |
1.85 |
0.00 |
2.08 |
1.88 |
1.90 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
3,343 |
701 |
-83 |
410 |
341 |
212 |
1.00 |
-126 |
Enterprise Value (EV) |
|
0.00 |
3,203 |
4,915 |
6,326 |
5,488 |
7,463 |
5,431 |
4,934 |
5,252 |
Market Capitalization |
|
765 |
765 |
3,126 |
4,480 |
3,287 |
4,970 |
2,813 |
2,454 |
3,002 |
Book Value per Share |
|
$0.00 |
$3.47 |
$6.30 |
$5.94 |
$4.94 |
$6.48 |
$7.36 |
$7.38 |
$7.65 |
Tangible Book Value per Share |
|
$0.00 |
($17.87) |
($7.16) |
($7.90) |
($9.00) |
($6.96) |
($5.66) |
($5.32) |
($4.07) |
Total Capital |
|
0.00 |
3,343 |
4,044 |
3,961 |
4,371 |
4,712 |
4,924 |
4,925 |
4,798 |
Total Debt |
|
0.00 |
2,844 |
2,684 |
2,660 |
3,275 |
3,263 |
3,262 |
3,247 |
3,043 |
Total Long-Term Debt |
|
0.00 |
2,784 |
2,644 |
2,620 |
3,236 |
3,221 |
3,212 |
3,097 |
2,940 |
Net Debt |
|
0.00 |
2,438 |
1,789 |
1,846 |
2,201 |
2,492 |
2,617 |
2,479 |
2,250 |
Capital Expenditures (CapEx) |
|
77 |
129 |
84 |
80 |
41 |
54 |
51 |
51 |
41 |
Net Nonoperating Expense (NNE) |
|
112 |
-26 |
36 |
-0.02 |
97 |
-0.88 |
0.00 |
14 |
-22 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
2,844 |
2,684 |
2,660 |
3,275 |
3,263 |
3,262 |
3,247 |
3,043 |
Total Depreciation and Amortization (D&A) |
|
273 |
287 |
303 |
419 |
392 |
286 |
259 |
251 |
216 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
($1.09) |
$0.00 |
($1.00) |
$1.12 |
$0.87 |
($0.16) |
$0.57 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
216.60M |
219.89M |
222.18M |
223M |
225.40M |
226.90M |
228.90M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
($1.09) |
$0.00 |
($1.00) |
$1.10 |
$0.86 |
($0.16) |
$0.56 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
216.60M |
224.50M |
220.80M |
226.50M |
228M |
226.90M |
232.80M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
($1.09) |
$0.00 |
($1.00) |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
171.20M |
217.70M |
220.80M |
224.55M |
225.80M |
227.33M |
229.73M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-4,651 |
-227 |
-149 |
33 |
-106 |
-6,624 |
253 |
14 |
140 |
Normalized NOPAT Margin |
|
0.00% |
-3.37% |
-1.86% |
0.38% |
-1.38% |
0.00% |
2.53% |
0.16% |
1.51% |
Pre Tax Income Margin |
|
0.00% |
-5.07% |
-2.64% |
0.50% |
-2.30% |
0.00% |
3.38% |
-0.32% |
1.90% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-2.69 |
-1.93 |
-0.94 |
0.26 |
-1.08 |
1.89 |
0.00 |
0.00 |
0.64 |
NOPAT to Interest Expense |
|
-1.88 |
-1.35 |
-0.66 |
0.00 |
-0.75 |
1.39 |
0.00 |
0.00 |
0.48 |
EBIT Less CapEx to Interest Expense |
|
-3.14 |
-2.63 |
-1.30 |
-0.27 |
-1.33 |
1.59 |
0.00 |
0.00 |
0.46 |
NOPAT Less CapEx to Interest Expense |
|
-2.33 |
-2.05 |
-1.02 |
-0.53 |
-1.01 |
1.09 |
0.00 |
0.00 |
0.30 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Quarterly Metrics and Ratios for Cushman & Wakefield
This table displays calculated financial ratios and metrics derived from Cushman & Wakefield's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-101.33% |
218.49% |
-5.22% |
8,354.90% |
7,379.93% |
-67.59% |
-2.13% |
-5.48% |
3.99% |
2.83% |
EBITDA Growth |
|
-11.75% |
-77.01% |
-114.46% |
-68.24% |
-67.33% |
102.44% |
215.23% |
9.14% |
131.37% |
15.14% |
EBIT Growth |
|
-7.05% |
-100.33% |
-181.83% |
-95.68% |
-118.73% |
9,828.57% |
70.29% |
168.75% |
446.41% |
50.81% |
NOPAT Growth |
|
-40.88% |
-80.97% |
-195.81% |
-95.64% |
-127.48% |
134.23% |
70.29% |
164.71% |
414.66% |
61.75% |
Net Income Growth |
|
-65.21% |
-79.56% |
-267.91% |
-94.75% |
-241.84% |
134.23% |
62.30% |
164.71% |
199.41% |
61.75% |
EPS Growth |
|
-63.33% |
-81.54% |
-270.00% |
-95.35% |
-236.36% |
158.33% |
61.76% |
200.00% |
193.33% |
58.06% |
Operating Cash Flow Growth |
|
-68.36% |
-18.55% |
-40.01% |
80.93% |
263.83% |
-16.95% |
43.52% |
229.76% |
4.25% |
-43.08% |
Free Cash Flow Firm Growth |
|
-166.36% |
0.88% |
70.18% |
87.44% |
103.27% |
137.74% |
105.99% |
413.55% |
445.92% |
247.82% |
Invested Capital Growth |
|
7.45% |
4.50% |
0.91% |
0.87% |
-0.42% |
0.02% |
-0.51% |
-2.09% |
-0.40% |
-2.57% |
Revenue Q/Q Growth |
|
-6.29% |
25,599.67% |
-71.82% |
8.08% |
-6.26% |
13.52% |
-55.45% |
4.38% |
3.13% |
12.25% |
EBITDA Q/Q Growth |
|
-34.19% |
-53.31% |
-116.56% |
364.84% |
-32.30% |
189.32% |
-77.79% |
150.85% |
43.51% |
43.97% |
EBIT Q/Q Growth |
|
-44.80% |
-100.86% |
-201.02% |
107.17% |
-339.06% |
545.10% |
-138.91% |
164.91% |
208.14% |
93.77% |
NOPAT Q/Q Growth |
|
-66.68% |
-23.54% |
-310.72% |
108.17% |
-310.00% |
751.73% |
-126.58% |
172.78% |
149.63% |
235.01% |
Net Income Q/Q Growth |
|
-75.41% |
24.69% |
-356.38% |
106.68% |
-764.71% |
305.90% |
-141.26% |
146.88% |
149.63% |
235.01% |
EPS Q/Q Growth |
|
-74.42% |
9.09% |
-383.33% |
105.88% |
-850.00% |
306.67% |
-141.94% |
146.15% |
133.33% |
250.00% |
Operating Cash Flow Q/Q Growth |
|
158.68% |
371.37% |
-190.89% |
92.42% |
1,219.64% |
7.60% |
-161.81% |
117.43% |
799.54% |
-41.25% |
Free Cash Flow Firm Q/Q Growth |
|
-0.81% |
38.44% |
41.94% |
65.17% |
126.26% |
610.01% |
-90.77% |
1,722.05% |
-54.28% |
352.36% |
Invested Capital Q/Q Growth |
|
-0.15% |
1.81% |
-1.67% |
0.91% |
-1.42% |
2.26% |
-2.20% |
-0.69% |
0.28% |
0.04% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
0.85% |
-1.17% |
2.87% |
2.07% |
5.29% |
1.38% |
3.32% |
4.61% |
5.92% |
EBIT Margin |
|
0.00% |
-0.01% |
-4.08% |
0.27% |
-0.69% |
2.71% |
-1.24% |
0.77% |
2.30% |
3.98% |
Profit (Net Income) Margin |
|
0.00% |
0.38% |
-3.50% |
0.22% |
-1.53% |
2.78% |
-1.35% |
0.61% |
1.46% |
4.37% |
Tax Burden Percent |
|
47.70% |
33.56% |
85.65% |
79.69% |
195.95% |
99.57% |
108.68% |
78.49% |
63.58% |
85.47% |
Interest Burden Percent |
|
61.32% |
-12,685.71% |
100.00% |
100.00% |
113.07% |
102.94% |
100.00% |
100.00% |
100.00% |
128.63% |
Effective Tax Rate |
|
52.30% |
66.44% |
0.00% |
20.31% |
0.00% |
0.43% |
0.00% |
21.51% |
36.42% |
14.53% |
Return on Invested Capital (ROIC) |
|
0.00% |
0.80% |
-5.86% |
0.54% |
-1.46% |
5.23% |
-1.66% |
1.14% |
2.80% |
8.32% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.80% |
-6.29% |
0.54% |
-2.17% |
5.23% |
-1.98% |
1.14% |
2.80% |
8.32% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
1.67% |
-13.15% |
1.11% |
-4.48% |
10.19% |
-3.98% |
2.24% |
5.42% |
15.24% |
Return on Equity (ROE) |
|
22.20% |
2.47% |
-19.01% |
1.65% |
-5.93% |
15.42% |
-5.63% |
3.37% |
8.21% |
23.56% |
Cash Return on Invested Capital (CROIC) |
|
1.07% |
-0.33% |
0.64% |
-1.23% |
0.26% |
-0.45% |
0.77% |
2.54% |
2.23% |
4.85% |
Operating Return on Assets (OROA) |
|
0.00% |
-0.01% |
-5.25% |
0.43% |
-1.32% |
3.20% |
-1.51% |
0.94% |
2.80% |
4.80% |
Return on Assets (ROA) |
|
0.00% |
0.49% |
-4.49% |
0.34% |
-2.92% |
3.28% |
-1.64% |
0.73% |
1.78% |
5.28% |
Return on Common Equity (ROCE) |
|
22.19% |
2.47% |
-19.00% |
1.65% |
-5.93% |
15.42% |
-5.63% |
3.37% |
8.21% |
23.55% |
Return on Equity Simple (ROE_SIMPLE) |
|
19.80% |
0.00% |
4.72% |
-1.09% |
-4.80% |
0.00% |
0.75% |
1.26% |
5.18% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
39 |
30 |
-62 |
5.10 |
-11 |
70 |
-19 |
14 |
34 |
113 |
NOPAT Margin |
|
0.00% |
0.38% |
-2.86% |
0.22% |
-0.48% |
2.78% |
-0.87% |
0.61% |
1.46% |
4.37% |
Net Nonoperating Expense Percent (NNEP) |
|
0.46% |
0.00% |
0.43% |
0.00% |
0.71% |
0.00% |
0.32% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
0.00% |
100.01% |
104.08% |
99.73% |
100.69% |
97.29% |
101.24% |
99.23% |
97.70% |
96.02% |
Earnings before Interest and Taxes (EBIT) |
|
82 |
-0.70 |
-89 |
6.40 |
-15 |
68 |
-27 |
17 |
53 |
103 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
141 |
66 |
-26 |
68 |
46 |
133 |
30 |
74 |
106 |
153 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.64 |
1.69 |
1.51 |
1.15 |
1.10 |
1.46 |
1.46 |
1.45 |
1.84 |
1.71 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Price to Revenue (P/Rev) |
|
0.00 |
0.28 |
0.24 |
0.15 |
0.12 |
0.26 |
0.26 |
0.26 |
0.34 |
0.32 |
Price to Earnings (P/E) |
|
8.27 |
14.32 |
31.95 |
0.00 |
0.00 |
0.00 |
194.84 |
115.64 |
35.43 |
22.86 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
12.09% |
6.98% |
3.13% |
0.00% |
0.00% |
0.00% |
0.51% |
0.86% |
2.82% |
4.37% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.13 |
1.10 |
1.07 |
0.95 |
0.91 |
1.00 |
1.04 |
1.04 |
1.13 |
1.09 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.54 |
0.52 |
0.38 |
0.30 |
0.53 |
0.54 |
0.55 |
0.59 |
0.57 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.69 |
9.10 |
10.73 |
13.69 |
18.08 |
22.34 |
18.17 |
17.57 |
15.89 |
14.48 |
Enterprise Value to EBIT (EV/EBIT) |
|
9.91 |
16.07 |
22.65 |
52.97 |
0.00 |
0.00 |
153.37 |
114.00 |
48.69 |
35.87 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
14.18 |
27.65 |
69.56 |
0.00 |
0.00 |
0.00 |
411.07 |
240.72 |
61.72 |
48.03 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
52.22 |
110.61 |
0.00 |
80.89 |
22.67 |
32.42 |
20.17 |
17.27 |
18.44 |
25.25 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
109.05 |
0.00 |
167.18 |
0.00 |
351.26 |
0.00 |
135.18 |
40.38 |
50.68 |
22.28 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
2.06 |
1.96 |
2.07 |
2.01 |
2.06 |
1.93 |
1.96 |
1.92 |
1.82 |
1.73 |
Long-Term Debt to Equity |
|
2.04 |
1.93 |
2.04 |
1.99 |
1.99 |
1.85 |
1.89 |
1.83 |
1.76 |
1.67 |
Financial Leverage |
|
2.32 |
2.10 |
2.09 |
2.03 |
2.06 |
1.95 |
2.01 |
1.96 |
1.94 |
1.83 |
Leverage Ratio |
|
5.36 |
5.09 |
4.93 |
4.79 |
4.83 |
4.71 |
4.72 |
4.59 |
4.62 |
4.46 |
Compound Leverage Factor |
|
3.29 |
-645.96 |
4.93 |
4.79 |
5.46 |
4.85 |
4.72 |
4.59 |
4.62 |
5.74 |
Debt to Total Capital |
|
67.37% |
66.24% |
67.37% |
66.80% |
67.37% |
65.93% |
66.25% |
65.72% |
64.49% |
63.42% |
Short-Term Debt to Total Capital |
|
0.96% |
1.01% |
0.70% |
0.75% |
2.47% |
3.04% |
2.60% |
2.96% |
2.01% |
2.15% |
Long-Term Debt to Total Capital |
|
66.41% |
65.23% |
66.68% |
66.05% |
64.90% |
62.89% |
63.66% |
62.76% |
62.48% |
61.26% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.01% |
0.02% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
0.01% |
Common Equity to Total Capital |
|
32.62% |
33.74% |
32.62% |
33.19% |
32.62% |
34.06% |
33.74% |
34.27% |
35.49% |
36.57% |
Debt to EBITDA |
|
3.99 |
5.47 |
6.75 |
9.67 |
13.37 |
14.70 |
11.56 |
11.14 |
9.03 |
8.39 |
Net Debt to EBITDA |
|
3.52 |
4.39 |
5.80 |
8.19 |
10.94 |
11.22 |
9.56 |
9.13 |
6.77 |
6.20 |
Long-Term Debt to EBITDA |
|
3.93 |
5.38 |
6.68 |
9.57 |
12.88 |
14.02 |
11.11 |
10.64 |
8.75 |
8.11 |
Debt to NOPAT |
|
8.46 |
16.61 |
43.78 |
-185.40 |
-410.13 |
-154.60 |
261.55 |
152.59 |
35.07 |
27.83 |
Net Debt to NOPAT |
|
7.47 |
13.32 |
37.61 |
-156.86 |
-335.76 |
-118.04 |
216.18 |
125.05 |
26.28 |
20.57 |
Long-Term Debt to NOPAT |
|
8.34 |
16.35 |
43.33 |
-183.32 |
-395.09 |
-147.47 |
251.30 |
145.71 |
33.98 |
26.88 |
Noncontrolling Interest Sharing Ratio |
|
0.05% |
0.05% |
0.04% |
0.04% |
0.04% |
0.04% |
0.03% |
0.04% |
0.03% |
0.03% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-296 |
-182 |
-106 |
-37 |
9.69 |
69 |
6.35 |
116 |
53 |
239 |
Operating Cash Flow to CapEx |
|
371.94% |
3,868.25% |
-2,215.00% |
-158.49% |
1,324.65% |
1,249.38% |
-1,191.43% |
184.75% |
2,086.17% |
1,238.71% |
Free Cash Flow to Firm to Interest Expense |
|
-5.88 |
0.00 |
-1.38 |
-0.64 |
0.11 |
0.00 |
0.11 |
1.90 |
0.96 |
4.31 |
Operating Cash Flow to Interest Expense |
|
1.03 |
0.00 |
-2.88 |
-0.29 |
2.10 |
0.00 |
-2.13 |
0.36 |
3.57 |
2.08 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.75 |
0.00 |
-3.01 |
-0.47 |
1.94 |
0.00 |
-2.31 |
0.16 |
3.40 |
1.91 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
1.26 |
1.28 |
1.60 |
1.91 |
1.18 |
1.22 |
1.21 |
1.22 |
1.21 |
Fixed Asset Turnover |
|
0.00 |
54.45 |
54.56 |
70.78 |
91.72 |
55.12 |
56.80 |
57.89 |
60.83 |
61.73 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
4,836 |
4,924 |
4,841 |
4,885 |
4,816 |
4,925 |
4,816 |
4,783 |
4,796 |
4,798 |
Invested Capital Turnover |
|
0.00 |
2.08 |
2.05 |
2.52 |
3.01 |
1.88 |
1.91 |
1.88 |
1.91 |
1.90 |
Increase / (Decrease) in Invested Capital |
|
335 |
212 |
44 |
42 |
-20 |
1.00 |
-25 |
-102 |
-19 |
-126 |
Enterprise Value (EV) |
|
5,462 |
5,431 |
5,183 |
4,619 |
4,387 |
4,934 |
5,015 |
4,959 |
5,443 |
5,252 |
Market Capitalization |
|
2,584 |
2,813 |
2,380 |
1,857 |
1,731 |
2,454 |
2,377 |
2,382 |
3,125 |
3,002 |
Book Value per Share |
|
$6.99 |
$7.36 |
$6.99 |
$7.14 |
$6.92 |
$7.38 |
$7.13 |
$7.16 |
$7.43 |
$7.65 |
Tangible Book Value per Share |
|
($5.89) |
($5.66) |
($5.96) |
($5.69) |
($5.74) |
($5.32) |
($5.40) |
($4.79) |
($4.58) |
($4.07) |
Total Capital |
|
4,836 |
4,924 |
4,841 |
4,885 |
4,816 |
4,925 |
4,816 |
4,783 |
4,796 |
4,798 |
Total Debt |
|
3,258 |
3,262 |
3,262 |
3,263 |
3,244 |
3,247 |
3,191 |
3,143 |
3,093 |
3,043 |
Total Long-Term Debt |
|
3,212 |
3,212 |
3,228 |
3,226 |
3,125 |
3,097 |
3,066 |
3,002 |
2,997 |
2,940 |
Net Debt |
|
2,877 |
2,617 |
2,802 |
2,761 |
2,656 |
2,479 |
2,637 |
2,576 |
2,318 |
2,250 |
Capital Expenditures (CapEx) |
|
14 |
6.30 |
10 |
11 |
14 |
16 |
11 |
12 |
9.40 |
9.30 |
Net Nonoperating Expense (NNE) |
|
15 |
0.00 |
14 |
0.00 |
23 |
0.00 |
10 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
3,258 |
3,262 |
3,262 |
3,263 |
3,244 |
3,247 |
3,191 |
3,143 |
3,093 |
3,043 |
Total Depreciation and Amortization (D&A) |
|
59 |
66 |
64 |
61 |
61 |
65 |
56 |
57 |
53 |
50 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.11 |
$0.13 |
($0.34) |
$0.02 |
($0.15) |
$0.31 |
($0.13) |
$0.06 |
$0.15 |
$0.49 |
Adjusted Weighted Average Basic Shares Outstanding |
|
225.70M |
225.40M |
226.20M |
227.10M |
227.20M |
226.90M |
227.90M |
229M |
229.30M |
228.90M |
Adjusted Diluted Earnings per Share |
|
$0.11 |
$0.12 |
($0.34) |
$0.02 |
($0.15) |
$0.31 |
($0.13) |
$0.06 |
$0.14 |
$0.49 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
227.50M |
228M |
226.20M |
227.10M |
227.20M |
226.90M |
227.90M |
231.50M |
233.40M |
232.80M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
225.76M |
225.80M |
227.06M |
227.15M |
227.25M |
227.33M |
229.05M |
229.25M |
229.49M |
229.73M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-1,703 |
66 |
-53 |
15 |
-4.27 |
84 |
-16 |
25 |
30 |
117 |
Normalized NOPAT Margin |
|
0.00% |
0.85% |
-2.44% |
0.61% |
-0.19% |
3.36% |
-0.76% |
1.10% |
1.28% |
4.52% |
Pre Tax Income Margin |
|
0.00% |
1.15% |
-4.08% |
0.27% |
-0.78% |
2.79% |
-1.24% |
0.77% |
2.30% |
5.11% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.62 |
0.00 |
-1.16 |
0.11 |
-0.17 |
0.00 |
-0.45 |
0.28 |
0.97 |
1.85 |
NOPAT to Interest Expense |
|
0.77 |
0.00 |
-0.81 |
0.09 |
-0.12 |
0.00 |
-0.32 |
0.22 |
0.61 |
2.03 |
EBIT Less CapEx to Interest Expense |
|
1.35 |
0.00 |
-1.29 |
-0.07 |
-0.33 |
0.00 |
-0.63 |
0.09 |
0.79 |
1.68 |
NOPAT Less CapEx to Interest Expense |
|
0.50 |
0.00 |
-0.94 |
-0.10 |
-0.28 |
0.00 |
-0.49 |
0.03 |
0.44 |
1.87 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |