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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2018
Revenue From Contract With Customer [Abstract]  
Disaggregation of Revenue from Contracts with Customers

The following tables represent a disaggregation of revenue from contracts with customers for the three months ended March 31, 2018 and 2017 by type of service and/or region (dollars in thousands):

 

 

 

Three Months Ended March 31, 2018

 

 

 

Americas

 

 

EMEA

 

 

APAC

 

 

Global Investment Management

 

 

Development Services

 

 

Consolidated

 

Topic 606 Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Occupier outsourcing

 

$

1,794,147

 

 

$

893,817

 

 

$

266,115

 

 

$

 

 

$

 

 

$

2,954,079

 

Leasing

 

 

400,198

 

 

 

100,589

 

 

 

71,579

 

 

 

 

 

 

120

 

 

 

572,486

 

Sales

 

 

267,675

 

 

 

78,240

 

 

 

59,235

 

 

 

 

 

 

418

 

 

 

405,568

 

Property management

 

 

173,828

 

 

 

58,211

 

 

 

70,030

 

 

 

 

 

 

1,555

 

 

 

303,624

 

Valuation

 

 

59,066

 

 

 

41,063

 

 

 

26,089

 

 

 

 

 

 

 

 

 

126,218

 

Commercial mortgage origination (1)

 

 

21,827

 

 

 

1,223

 

 

 

51

 

 

 

 

 

 

 

 

 

23,101

 

Investment management

 

 

 

 

 

 

 

 

 

 

 

123,690

 

 

 

 

 

 

123,690

 

Development services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21,232

 

 

 

21,232

 

Topic 606 Revenue

 

 

2,716,741

 

 

 

1,173,143

 

 

 

493,099

 

 

 

123,690

 

 

 

23,325

 

 

 

4,529,998

 

Out of Scope of Topic 606 Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage origination

 

 

84,193

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

84,193

 

Loan servicing

 

 

39,526

 

 

 

2,288

 

 

 

 

 

 

 

 

 

 

 

 

41,814

 

Other revenue

 

 

9,764

 

 

 

5,823

 

 

 

2,360

 

 

 

 

 

 

 

 

 

17,947

 

Total Out of Scope of Topic 606 Revenue

 

 

133,483

 

 

 

8,111

 

 

 

2,360

 

 

 

 

 

 

 

 

 

143,954

 

Total revenue

 

$

2,850,224

 

 

$

1,181,254

 

 

$

495,459

 

 

$

123,690

 

 

$

23,325

 

 

$

4,673,952

 

 

 

Three Months Ended March 31, 2017 (As Adjusted) (2)

 

 

 

Americas

 

 

EMEA

 

 

APAC

 

 

Global Investment Management

 

 

Development Services

 

 

Consolidated

 

Topic 606 Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Occupier outsourcing

 

$

1,664,354

 

 

$

666,694

 

 

$

206,425

 

 

$

 

 

$

 

 

$

2,537,473

 

Leasing

 

 

393,865

 

 

 

74,931

 

 

 

60,528

 

 

 

 

 

 

154

 

 

 

529,478

 

Sales

 

 

233,796

 

 

 

67,300

 

 

 

52,168

 

 

 

 

 

 

530

 

 

 

353,794

 

Property management

 

 

161,397

 

 

 

54,740

 

 

 

54,679

 

 

 

 

 

 

1,910

 

 

 

272,726

 

Valuation

 

 

57,181

 

 

 

32,509

 

 

 

26,765

 

 

 

 

 

 

 

 

 

116,455

 

Commercial mortgage origination (1)

 

 

19,818

 

 

 

1,820

 

 

 

539

 

 

 

 

 

 

 

 

 

22,177

 

Investment management

 

 

 

 

 

 

 

 

 

 

 

89,566

 

 

 

 

 

 

89,566

 

Development services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,623

 

 

 

11,623

 

Topic 606 Revenue

 

 

2,530,411

 

 

 

897,994

 

 

 

401,104

 

 

 

89,566

 

 

 

14,217

 

 

 

3,933,292

 

Out of Scope of Topic 606 Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage origination

 

 

62,547

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

62,547

 

Loan servicing

 

 

33,534

 

 

 

2,876

 

 

 

 

 

 

 

 

 

 

 

 

36,410

 

Other revenue

 

 

12,714

 

 

 

3,761

 

 

 

2,242

 

 

 

 

 

 

 

 

 

18,717

 

Total Out of Scope of Topic 606 Revenue

 

 

108,795

 

 

 

6,637

 

 

 

2,242

 

 

 

 

 

 

 

 

 

117,674

 

Total revenue

 

$

2,639,206

 

 

$

904,631

 

 

$

403,346

 

 

$

89,566

 

 

$

14,217

 

 

$

4,050,966

 

 

(1)

We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.

(2)

In the first quarter of 2018, we adopted new revenue recognition guidance. Certain restatements have been made to the 2017 financial statements to conform with the 2018 presentation. See Notes 2 and 3 for more information.