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Segments (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Summarized Financial Information by Segment

Summarized financial information by segment is as follows (dollars in thousands):

		Year Ended December 31,
		2016				2015				2014
Revenue
Americas		$	7,226,466			$	6,189,913			$	5,203,766
EMEA			3,917,939				3,004,484				2,344,252
Asia Pacific			1,485,970				1,135,070				967,777
Global Investment Management			369,800				460,700				468,941
Development Services			71,414				65,643				65,182
		$	13,071,589			$	10,855,810			$	9,049,918
Depreciation and amortization
Americas		$	254,105			$	198,908			$	149,214
EMEA			66,639				68,370				64,628
Asia Pacific			17,803				15,580				14,661
Global Investment Management			25,911				29,020				32,802
Development Services			2,469				2,218				3,796
		$	366,927			$	314,096			$	265,101
Equity income from unconsolidated subsidiaries
Americas		$	17,892			$	18,413			$	27,679
EMEA			1,817				1,934				1,501
Asia Pacific			223				83				—
Global Investment Management			7,243				5,972				86
Development Services			170,176				136,447				72,448
		$	197,351			$	162,849			$	101,714
Adjusted EBITDA
Americas		$	949,590			$	859,478			$	717,532
EMEA			273,565				211,856				162,536
Asia Pacific			140,760				117,084				94,532
Global Investment Management			83,151				134,240				119,140
Development Services			113,937				90,066				72,385
		$	1,561,003			$	1,412,724			$	1,166,125

Adjusted EBITDA Calculation by Segment

Adjusted EBITDA is calculated as follows (dollars in thousands):

		Year Ended December 31,
		2016				2015				2014
Net income attributable to CBRE Group, Inc.		$	571,973			$	547,132			$	484,503
Add:
Depreciation and amortization			366,927				314,096				265,101
Interest expense			144,851				118,880				112,035
Write-off of financing costs on extinguished debt			—				2,685				23,087
Provision for income taxes			296,662				320,853				263,759
Less:
Interest income			8,051				6,311				6,233
EBITDA			1,372,362				1,297,335				1,142,252
Adjustments:
Integration and other costs related to acquisitions			125,743				48,865				—
Cost-elimination expenses (1)			78,456				40,439				—
Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue			(15,558	)			26,085				23,873
Adjusted EBITDA		$	1,561,003			$	1,412,724			$	1,166,125

(1) Represents cost-elimination expenses relating to a program initiated in the fourth quarter of 2015 and completed in the third quarter of 2016 (our cost-elimination project) to reduce the company’s global cost structure after several years of significant revenue and related cost growth. Cost-elimination expenses incurred during the year ended December 31, 2016 consisted of $73.6 million of severance costs related to headcount reductions in connection with the program and $4.9 million of third-party contract termination costs. Cost-elimination expenses incurred during the year ended December 31, 2015 consisted of $32.6 million of severance costs related to headcount reductions in connection with the program and $7.8 million of third-party contract termination costs. The total amount for each period does have a cash impact.

Schedule of Capital Expenditures by Segment

		Year Ended December 31,
		2016				2015				2014
		(Dollars in thousands)
Capital expenditures
Americas		$	134,046			$	94,376			$	109,297
EMEA			35,452				33,092				30,851
Asia Pacific			19,179				7,911				23,140
Global Investment Management			2,273				3,558				6,596
Development Services			255				527				1,358
		$	191,205			$	139,464			$	171,242

Schedule of Identifiable Assets by Segment

		December 31,
		2016				2015
		(Dollars in thousands)
Identifiable assets
Americas		$	5,555,400			$	5,940,400
EMEA			2,592,800				2,722,721
Asia Pacific			712,271				666,063
Global Investment Management			913,563				936,491
Development Services			188,762				124,715
Corporate			816,791				627,553
		$	10,779,587			$	11,017,943

Schedule of Investments in Unconsolidated Subsidiaries by Segment

		December 31,
		2016				2015
		(Dollars in thousands)
Investments in unconsolidated subsidiaries
Americas		$	20,202			$	17,380
EMEA			388				392
Asia Pacific			5,802				311
Global Investment Management			87,501				84,534
Development Services			118,345				115,326
		$	232,238			$	217,943

Summary of Geographic Information

		Year Ended December 31,
		2016				2015				2014
Revenue
United States		$	6,917,221			$	5,991,826			$	5,027,479
United Kingdom			2,094,946				1,912,270				1,627,445
All other countries			4,059,422				2,951,714				2,394,994
		$	13,071,589			$	10,855,810			$	9,049,918

		December 31,
		2016				2015
Property and equipment, net
United States		$	396,608			$	383,927
United Kingdom			61,327				63,548
All other countries			102,821				82,348
		$	560,756			$	529,823

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

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