CW 2020 Annual Report

Cushman & Wakefield plc Consolidated Statements of Changes in Equity

Accumulated Other Comprehensive Income (Loss)

Unrealized Hedging (Losses) Gains

Total Accumulated Other Comprehensive Loss, net of tax

Total Equity Attributable to the Company

Ordinary Shares

Ordinary Shares ($)

Additional Paid- in Capital

Accumulated Deficit

Foreign Currency Translation

Defined Benefit Plans

Non-Controlling Interests

(in millions)

Total Equity

145.1 $ 1,451.3 $

283.8 $

(1,148.5) $

19.6 $

(101.1) $

(5.7) $

(87.2) $

499.4 $

— $ 499.4

Balance as of December 31, 2017

— — —

—

—

(185.8)

— — — — — — — —

— — — — —

— — — — —

— — — — —

(185.8)

— — — — — — — — — — — — — — — — — — — — —

(185.8)

Net loss

(1,436.7)

1,436.7

—

—

—

Capital reduction

Adoption of new revenue accounting standard

—

—

35.9

35.9

35.9

8.0

0.8

8.8

— —

9.6

9.6

Share issuances

—

—

77.9

77.9

77.9

Stock-based compensation

Vesting of shares related to equity compensation plans, net amounts withheld for payment of taxes

1.2

0.1

— — — — —

—

— —

—

0.1

0.1

— — — —

— — — —

— — — —

(62.3)

(62.3)

(62.3)

(62.3)

Foreign currency translation

— — —

0.8

0.8 7.5

0.8 7.5

0.8 7.5

Defined benefit plans actuarial gain Unrealized loss on hedging instruments Amounts reclassified from AOCI to the statement of operations Proceeds from IPO and Concurrent Private Placement, net of underwriting and other expenses

7.5

— —

(13.2)

(13.2)

(13.2)

(13.2)

62.3

6.2

987.4

— —

— —

— —

— —

— —

993.6

993.6

—

—

(3.4)

(3.4)

(3.4)

Other activity

216.6 $

21.7 $

2,791.2 $

(1,298.4) $

13.9 $

(163.4) $

(4.9) $

(154.4) $

1,360.1 $

— $ 1,360.1

Balance as of December 31, 2018

— — —

— — —

—

0.2 1.2

— — — — — — — — — — — — — —

— — —

— — — — — — — — — — — —

— — —

0.2

0.2

Net income

Adoption of new stock-based compensation accounting standard (see Note 2)

(1.2)

—

—

61.3

—

61.3

61.3

Stock-based compensation

Vesting of shares related to equity compensation plans, net amounts withheld for payment of taxes

2.9

0.3

(31.8)

— — — — — —

— —

— —

(31.5)

(31.5)

— — — — — — — — — — — — — —

— — — — — — — — — — — — — —

(0.4)

(0.4)

(0.4)

Share repurchase

— — — — — — —

5.0

5.0

5.0

5.0

Foreign currency translation

— — — — — — —

(1.1)

(1.1)

(1.1)

(1.1)

Defined benefit plans actuarial loss Unrealized loss on hedging instruments Amounts reclassified from AOCI to the statement of operations

(88.5)

(88.5)

(88.5)

(88.5)

(3.8)

(3.8)

(3.8)

(3.8)

219.5 $

22.0 $

2,819.1 $

(1,297.0) $

(78.4) $

(158.4) $

(6.0) $

(242.8) $

1,301.3 $

— $ 1,301.3

Balance as of December 31, 2019

(220.5)

— — — —

(220.5)

— —

(220.5)

Net loss

Adoption of new credit loss accounting standard (see Note 2) Acquisition of non-controlling interests

(10.7)

(10.7)

(10.7)

—

0.9

0.9

42.0

—

42.0

—

42.0

Stock-based compensation

Vesting of shares related to equity compensation plans, net amounts withheld for payment of taxes

2.5

0.2

(17.3)

— — — — — —

—

— —

—

(17.1)

— — — — — —

(17.1)

— — — —

89.0

89.0

89.0

89.0

Foreign currency translation

— — — —

(9.0)

(9.0)

(9.0)

(9.0)

Defined benefit plans actuarial loss Unrealized loss on hedging instruments Amounts reclassified from AOCI to the statement of operations

(111.3)

— — —

(111.3)

(111.3)

(111.3)

31.4

31.4

31.4

31.4

(0.4)

—

—

(0.4)

(0.4)

Other activity

222.0 $

22.2 $

2,843.4 $

(1,528.2) $

(158.3) $

(69.4) $

(15.0) $

(242.7) $

1,094.7 $

0.9 $ 1,095.6

Balance as of December 31, 2020

The accompanying notes form an integral part of these Consolidated Financial Statements. 64