CW 2020 Annual Report

Cushman & Wakefield plc QUARTERLY RESULTS OF OPERATIONS (Unaudited)

The tables on the following pages set forth certain Consolidated Statements of Operations data for each of our past eight quarters. In management’s view, this information has been presented on the same basis as the audited Consolidated Financial Statements and includes all adjustments, consisting only of normal recurring adjustments and accruals, we consider necessary for a fair presentation. The unaudited consolidated quarterly financial information includes where applicable, retrospective application of accounting standards that became effective in the first quarter of the year presented. The unaudited consolidated quarterly financial information should be read in conjunction with our Consolidated Financial Statements. The operating results for any quarter are not necessarily indicative of the results for any future period. For the Three Months Ended (in millions, except per share amounts) March 31, 2020 June 30, 2020 September 30, 2020 December 31, 2020 Total revenue $ 1,895.4 $ 1,743.6 $ 1,931.6 $ 2,273.1 Operating (loss)/income (85.5) (62.8) (0.3) 95.5 Net loss (55.1) (100.8) (37.3) (27.3) Net loss per share, basic (0.25) (0.46) (0.17) (0.12) Net loss per share, diluted (0.25) (0.46) (0.17) (0.12) For the Three Months Ended (in millions, except per share amounts) March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 Total revenue $ 1,903.0 $ 2,121.7 $ 2,118.8 $ 2,607.5 Operating (loss)/income (26.0) 53.2 37.0 123.1 Net (loss) income (20.9) 6.3 11.7 3.1 Net (loss) earnings per share, basic (0.10) 0.03 0.05 0.01 Net (loss) earnings per share, diluted (0.10) 0.03 0.05 0.01

102

Made with FlippingBook flipbook maker