CW 2020 Annual Report

Note 21: Parent Company Information

Cushman & Wakefield plc Parent Company Information Condensed Balance Sheets

As of December 31,

2020

2019

(in millions, except per share data)

Assets Cash

$

12.8 $

10.7 85.4

Accounts receivables

130.0

Investments in subsidiaries

1,037.9

1,270.9 1,367.0

$

1,180.7 $

Total assets

Liabilities and Equity

Liabilities Trade and other payables

$

85.1 $

65.7 65.7

Total liabilities

85.1

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 (1,528.2)

2,819.1 (1,297.0)

Accumulated deficit

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

$

1,180.7 $

1,367.0

Total liabilities and equity

Parent Company Information Condensed Statements of Operations and Comprehensive Income (Loss)

Year Ended December 31,

2020

2019

2018

(in millions)

Interest and other income Interest and other expense

$

— $

— $

2.6

—

(0.2)

(17.9)

Income (loss) in earnings of subsidiaries

(220.5) (220.5) (220.5)

0.4 0.2 0.2

(170.5) (185.8) (185.8)

Income (loss) before taxes

Net income (loss) attributable to the Parent Company Other comprehensive income (loss) of subsidiaries Comprehensive loss attributable to the Parent Company

0.1

(88.4)

(67.2)

$

(220.4) $

(88.2) $

(253.0)

99