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Revenues from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Revenues from Contracts with Customers and Our Other Sources of Revenues | The following table presents Newmark’s total revenues separately for its revenues from contracts with customers and other sources of revenues (in thousands):
|  | Three Months Ended March 31, |  |
|  | 2023 |  | 2022 |  |  |  |  |  |
Revenues from contracts with customers: |  |  |  |  |  |  |  |  |  |
Leasing and other commissions |  | $ | 193,306 |  |  | $ | 198,952 |  |  |  |  |  |  |
Investment sales |  | 71,993 |  |  | 152,113 |  |  |  |  |  |  |
Mortgage brokerage and debt placement |  | 17,146 |  |  | 46,290 |  |  |  |  |  |  |
Management services |  | 162,104 |  |  | 185,061 |  |  |  |  |  |  |
Total |  | 444,549 |  |  | 582,416 |  |  |  |  |  |  |
Other sources of revenue(1): |  |  |  |  |  |  |  |  |  |
Fair value of expected net future cash flows from servicing recognized at commitment, net |  | 14,099 |  |  | 29,472 |  |  |  |  |  |  |
Loan originations related fees and sales premiums, net |  | 11,963 |  |  | 18,300 |  |  |  |  |  |  |
Servicing fees and other |  | 50,188 |  |  | 48,059 |  |  |  |  |  |  |
Total |  | $ | 520,799 |  |  | $ | 678,247 |  |  |  |  |  |  |
(1)Although these items have customers under contract, they were recorded as other sources of revenue as they were excluded from the scope of ASU No. 2014-9.
Schedule of Revenue Remaining Performance Obligation | Approximate future cash flows to be received over the next five years as of March 31, 2023 are as follows (in thousands):
2023 | $ | 81,637 |
2024 | 58,708 |
2025 | 28,645 |
2026 | 7,540 |
2027 | 2,677 |
Thereafter | 1,601 |
Total | $ | 180,808 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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