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CBRE Group cash flow statement

In fiscal 2025, CBRE Group's operations generated $1.56bn of cash; it spent $366m on capital projects, leaving free cash flow of $1.19bn. It returned $968m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations2146173612917456626526178941,1311,2231,8312,3641,6294801,7081,5591,403
Depreciation and amortisation99108116170190265314367406452439502526613622674729853
Stock-based pay3847445248607563931281286018516096146120168
Capital spending2868148150156171139191178228294267210260305307366465
Free cash flow1855482131415894915124267169039301,5642,1541,3691751,4011,193938
Free cash flow after stock pay148501169895404314383626237758021,5041,9691,209791,2551,073770
Share buybacks————−17————161145503691,8506656279681,446
Shares issued440—————————————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from CBRE Group's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to CBRE Group.