CW 2020 Annual Report

Cushman & Wakefield plc Consolidated Statements of Operations

Year ended

(in millions, except per share data)

December 31, 2020

December 31, 2019

December 31, 2018

Revenue

$

7,843.7 $

8,751.0 $

8,219.9

Costs and expenses: Cost of services (exclusive of depreciation and amortization)

6,455.3 1,120.8

6,981.7 1,277.6

6,642.4 1,273.4

Operating, administrative and other Depreciation and amortization

263.6

296.7

290.0

Restructuring, impairment and related charges

57.1

7.7

1.5

Total costs and expenses Operating income (loss)

7,896.8

8,563.7

8,207.3

(53.1)

187.3

12.6

Interest expense, net of interest income Earnings from equity method investments

(163.8)

(150.6)

(228.8)

8.3

2.6 3.5

1.9 3.5

Other income, net

32.0

Earnings (loss) before income taxes Provision (benefit) from income taxes

(176.6)

42.8 42.6

(210.8)

43.9

(25.0)

Net income (loss)

$

(220.5) $

0.2 $

(185.8)

Basic earnings (loss) per share: Earnings (loss) per share attributable to common shareholders, basic Weighted average shares outstanding for basic earnings (loss) per share Diluted earnings (loss) per share: Earnings (loss) per share attributable to common shareholders, diluted Weighted average shares outstanding for diluted earnings (loss) per share

$

(1.00) $

0.00 $

(1.09) 171.2

220.8

217.7

$

(1.00) $

0.00 $

(1.09) 171.2

220.8

224.5

The accompanying notes form an integral part of these Consolidated Financial Statements. 62