CW 2020 Annual Report

Cushman & Wakefield plc Consolidated Balance Sheets

As of

(in millions, except per share data) Assets Current assets: Cash and cash equivalents

December 31, 2020

December 31, 2019

$

1,074.8 $

813.2

Trade and other receivables, net of allowance balance of $70.9 million and $58.4 million, as of December 31, 2020 and 2019, respectively

1,301.6

1,524.2

Income tax receivable

43.5

39.0

Short-term contract assets

247.6 223.2

313.4 171.0

Prepaid expenses and other current assets

Total current assets

2,890.7

2,860.8

Property and equipment, net

235.9

299.4

Goodwill

2,098.0

1,969.1 1,062.6

Intangible assets, net

991.2 114.9

Equity method investments

7.9

Deferred tax assets

61.4

86.6

Non-current operating lease assets

438.2 507.6

490.7 386.3

Other non-current assets

$

7,337.9 $

7,163.4

Total assets

Liabilities and Shareholders' Equity Current liabilities: Short-term borrowings and current portion of long-term debt

$

39.7 $

39.3

Accounts payable and accrued expenses

1,054.4

1,145.3

Accrued compensation Income tax payable Other current liabilities Total current liabilities

720.5

888.8

45.1

59.6

205.8

189.6

2,065.5 3,235.7

2,322.6 2,620.3

Long-term debt, net Deferred tax liabilities

102.2 405.6 433.3

110.0 457.1 352.1

Non-current operating lease liabilities

Other non-current liabilities

Total liabilities

6,242.3

5,862.1

Commitments and contingencies (See Note 15) Shareholders' Equity: Ordinary shares, nominal value $0.10 per share, 222.0 shares issued and outstanding at December 31, 2020 and ordinary shares, nominal value $0.10 per share, 219.5 shares issued and outstanding at December 31, 2019

22.2

22.0

Additional paid-in capital

2,843.4

2,819.1

Accumulated deficit

(1,528.2)

(1,297.0)

Accumulated other comprehensive loss Total equity attributable to the Company

(242.7)

(242.8)

1,094.7

1,301.3

Non-controlling interests

0.9

—

Total equity

1,095.6

1,301.3 7,163.4

$

7,337.9 $

Total liabilities and shareholders' equity

The accompanying notes form an integral part of these Consolidated Financial Statements. 61