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Segments (Tables) | 3 Months Ended
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Mar. 31, 2017
Segment Reporting [Abstract] |
Summarized Financial Information by Segment | Summarized financial information by segment is as follows (dollars in thousands):
|  | Three Months Ended |
|  | March 31, |
|  | 2017 |  |  | 2016 (1) |
Revenue |  |  |  |  |  |  |  |
Americas |  | $ | 1,692,646 |  |  | $ | 1,587,875 |
EMEA |  |  | 844,188 |  |  |  | 840,347 |
Asia Pacific |  |  | 341,145 |  |  |  | 311,359 |
Global Investment Management |  |  | 89,566 |  |  |  | 90,380 |
Development Services |  |  | 13,659 |  |  |  | 16,773 |
Total revenue |  | $ | 2,981,204 |  |  | $ | 2,846,734 |
Adjusted EBITDA |  |  |  |  |  |  |  |
Americas |  | $ | 220,400 |  |  | $ | 187,214 |
EMEA |  |  | 33,864 |  |  |  | 27,811 |
Asia Pacific |  |  | 20,281 |  |  |  | 12,868 |
Global Investment Management |  |  | 25,859 |  |  |  | 22,915 |
Development Services |  |  | 2,804 |  |  |  | 31,875 |
Total Adjusted EBITDA |  | $ | 303,208 |  |  | $ | 282,683 |
(1) | In 2017, we changed the presentation of the operating results of one of our emerging businesses among our regional services reporting segments. Prior year amounts have been reclassified to conform with the current-year presentation. This change had no impact on our consolidated results.
Adjusted EBITDA Calculation by Segment | Adjusted EBITDA is calculated as follows (dollars in thousands):
|  | Three Months Ended |
|  | March 31, |
|  | 2017 |  |  | 2016 (1) |
Net income attributable to CBRE Group, Inc. |  | $ | 129,597 |  |  | $ | 82,167 |
Add: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 94,037 |  |  |  | 86,994 |
Interest expense |  |  | 34,010 |  |  |  | 34,790 |
Provision for income taxes |  |  | 51,273 |  |  |  | 50,125 |
Less: |  |  |  |  |  |  |  |
Interest income |  |  | 2,411 |  |  |  | 1,459 |
EBITDA |  |  | 306,506 |  |  |  | 252,617 |
Adjustments: |  |  |  |  |  |  |  |
Integration and other costs related to acquisitions |  |  | 11,943 |  |  |  | 17,173 |
Cost-elimination expenses (2) |  |  | - |  |  |  | 12,403 |
Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue |  |  | (15,241 | ) |  |  | 490 |
Adjusted EBITDA |  | $ | 303,208 |  |  | $ | 282,683 |
(1) | In 2017, we changed the presentation of the operating results of one of our emerging businesses among our regional services reporting segments. Prior year amounts have been reclassified to conform with the current-year presentation. This change had no impact on our consolidated results.
(2) | 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 three months ended March 31, 2016 consisted of $11.8 million of severance costs related to headcount reductions in connection with the program and $0.6 million of third-party contract termination costs.

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- Definition Tabular disclosure reconciling GAAP to the non-GAAP financial measure used by the chief operating decision maker for each reportable segment of the entity. + References No definition available. + Details
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- Definition A table disclosing key profit or loss totals for each reportable segment of the entity, including revenue, depreciation and amortization, income (loss) from unconsolidated subsidiaries and the measure of segment profit or loss reviewed by the chief operating decision maker. + References No definition available. + Details
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- References No definition available. + Details
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