Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CBG > SEC Filings for CBG > Form 8-K on 11-Sep-2009All Recent SEC Filings

Show all filings for CB RICHARD ELLIS GROUP INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CB RICHARD ELLIS GROUP INC


11-Sep-2009

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

The Company is filing this Current Report on Form 8-K (this "Report") to reflect certain required accounting adjustments described below with respect to the financial information contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2008 (the "2008 Form 10-K") filed by the Company with the Securities and Exchange Commission (the "Commission") on March 2, 2009. Neither this Report nor the exhibits filed herewith reflect any events occurring after March 2, 2009. This Report should be read in conjunction with the 2008 Form 10-K and the Company's filings made with the Commission subsequent to the filing of the 2008 Form 10-K.

As previously disclosed in the 2008 Form 10-K, the Company adopted, as of January 1, 2009, Statement of Financial Accounting Standards No. 160, "Non-controlling Interests in Consolidated Financial Statements - an amendment of ARB No. 51" ("SFAS No. 160"). SFAS No. 160 establishes accounting and reporting standards that are applied retrospectively for all periods presented. In connection with the adoption of SFAS No. 160, we have retrospectively changed the classification and presentation of non-controlling interests, previously referred to as minority interests. We have presented non-controlling interests of $231.0 million and $263.6 million at December 31, 2008 and 2007, respectively, as equity in the accompanying consolidated balance sheets. Additionally, in the accompanying consolidated statements of operations, we separately presented net losses attributable to non-controlling interests of $37.7 million for the year ended December 31, 2008 and net income attributable to non-controlling interests of $14.5 million and $6.1 million for the years ended December 31, 2007 and 2006, respectively. Other than these presentation changes, the adoption of SFAS No. 160 had no impact on our consolidated financial position or results of operations for the periods presented in the 2008 Form 10-K.

The Company has adjusted in Exhibits 99.1, 99.2 and 99.3 to this Report the following financial information contained in the 2008 Form 10-K to reflect the Company's retrospective application of SFAS No. 160 to conform with the presentation adopted in the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2009 and June 30, 2009:

• Selected Financial Data;

• Management's Discussion and Analysis of Financial Condition and Results of Operations; and

• Financial Statements.

The financial statements filed as Exhibit 99.3 to this Report also include financial information required pursuant to Rule 3-10, "Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered," of Regulation S-X promulgated by the Commission.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The exhibits listed below are being filed with this Report:

Exhibit No.      Exhibit Description

   23.1          Consent of KPMG LLP

   23.2          Consent of Deloitte & Touche LLP

   99.1          Selected Financial Data (adjusted to reflect the retrospective
                 adoption of SFAS No. 160)

   99.2          Management's Discussion and Analysis of Financial Condition and
                 Results of Operations (adjusted to reflect the retrospective
                 adoption of SFAS No. 160)

   99.3          Financial Statements (adjusted to reflect the retrospective
                 adoption of SFAS No. 160 and the financial information required
                 pursuant to Rule 3-10 of Regulation S-X)


  Add CBG to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CBG - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.