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Segments (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Summarized Financial Information by Segment | Summarized financial information by segment is as follows (dollars in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  |  |  |  |  | (As Adjusted) (1) |  |  |  |  |  |  | (As Adjusted) (1) |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 3,140,427 |  |  | $ | 2,826,923 |  |  | $ | 5,990,651 |  |  | $ | 5,466,129 |
EMEA |  |  | 1,315,452 |  |  |  | 1,016,020 |  |  |  | 2,496,706 |  |  |  | 1,920,651 |
Asia Pacific |  |  | 538,200 |  |  |  | 486,899 |  |  |  | 1,033,659 |  |  |  | 890,245 |
Global Investment Management |  |  | 98,947 |  |  |  | 92,763 |  |  |  | 222,637 |  |  |  | 182,329 |
Development Services |  |  | 18,408 |  |  |  | 16,966 |  |  |  | 41,733 |  |  |  | 31,183 |
Total revenue |  | $ | 5,111,434 |  |  | $ | 4,439,571 |  |  | $ | 9,785,386 |  |  | $ | 8,490,537 |
Adjusted EBITDA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 258,353 |  |  | $ | 233,711 |  |  | $ | 484,196 |  |  | $ | 458,936 |
EMEA |  |  | 66,519 |  |  |  | 70,293 |  |  |  | 103,465 |  |  |  | 105,748 |
Asia Pacific |  |  | 42,861 |  |  |  | 44,556 |  |  |  | 76,741 |  |  |  | 67,832 |
Global Investment Management |  |  | 15,901 |  |  |  | 23,910 |  |  |  | 45,593 |  |  |  | 49,769 |
Development Services |  |  | 55,673 |  |  |  | 46,216 |  |  |  | 77,119 |  |  |  | 49,578 |
Total Adjusted EBITDA |  | $ | 439,307 |  |  | $ | 418,686 |  |  | $ | 787,114 |  |  | $ | 731,863 |
(1) | We adopted new revenue recognition guidance in the first quarter of 2018. Certain restatements have been made to the 2017 financial statements to conform with the 2018 presentation. See Notes 2 and 3 for more information.
Adjusted EBITDA Calculation by Segment | Adjusted EBITDA is calculated as follows (dollars in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  |  |  |  |  | (As Adjusted) (1) |  |  |  |  |  |  | (As Adjusted) (1) |
Net income attributable to CBRE Group, Inc. |  | $ | 228,667 |  |  | $ | 201,777 |  |  | $ | 378,955 |  |  | $ | 338,797 |
Add: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 113,399 |  |  |  | 100,386 |  |  |  | 221,564 |  |  |  | 194,423 |
Interest expense |  |  | 26,885 |  |  |  | 35,430 |  |  |  | 55,743 |  |  |  | 69,440 |
Write-off of financing costs on extinguished debt |  |  | — |  |  |  | — |  |  |  | 27,982 |  |  |  | — |
Provision for income taxes |  |  | 70,319 |  |  |  | 69,887 |  |  |  | 116,483 |  |  |  | 123,706 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 1,489 |  |  |  | 1,427 |  |  |  | 5,110 |  |  |  | 3,838 |
EBITDA |  |  | 437,781 |  |  |  | 406,053 |  |  |  | 795,617 |  |  |  | 722,528 |
Adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue |  |  | 1,526 |  |  |  | (2,775 | ) |  |  | (8,503 | ) |  |  | (18,016 | )
Integration and other costs related to acquisitions |  |  | — |  |  |  | 15,408 |  |  |  | — |  |  |  | 27,351 |
Adjusted EBITDA |  | $ | 439,307 |  |  | $ | 418,686 |  |  | $ | 787,114 |  |  | $ | 731,863 |
(1) | We adopted new revenue recognition guidance in the first quarter of 2018. Certain restatements have been made to the 2017 financial statements to conform with the 2018 presentation. See Notes 2 and 3 for more information.
Summary of Geographic Information | Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  |  |  |  |  | (As Adjusted) (1) |  |  |  |  |  |  | (As Adjusted) (1) |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 2,908,185 |  |  | $ | 2,644,445 |  |  | $ | 5,582,402 |  |  | $ | 5,116,851 |
United Kingdom |  |  | 634,264 |  |  |  | 518,988 |  |  |  | 1,214,781 |  |  |  | 991,143 |
All other countries |  |  | 1,568,985 |  |  |  | 1,276,138 |  |  |  | 2,988,203 |  |  |  | 2,382,543 |
Total revenue |  | $ | 5,111,434 |  |  | $ | 4,439,571 |  |  | $ | 9,785,386 |  |  | $ | 8,490,537 |
(1) | We adopted new revenue recognition guidance in the first quarter of 2018. Certain restatements have been made to the 2017 financial statements to conform with the 2018 presentation. See Notes 2 and 3 for more information.

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