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Segments (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Summarized Financial Information by Segment

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

		Three Months Ended March 31,
			2019			2018 (1)
Revenue
Advisory Services		$	1,834,402			$	1,699,434
Global Workplace Solutions			3,165,915				2,827,503
Real Estate Investments			135,193				147,015
Total revenue		$	5,135,510			$	4,673,952
Adjusted EBITDA
Advisory Services		$	263,850			$	215,432
Global Workplace Solutions			99,679				82,735
Real Estate Investments			86,503				49,640
Total Adjusted EBITDA		$	450,032			$	347,807

(1) Results for 2018 have been presented in conformity with the new structure.

Adjusted EBITDA Calculation by Segment

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

		Three Months Ended March 31,
			2019				2018
Net income attributable to CBRE Group, Inc.		$	164,409			$	150,288
Add:
Depreciation and amortization			105,823				108,165
Intangible asset impairment			89,037				—
Interest expense			22,726				28,858
Write-off of financing costs on extinguished debt			2,608				27,982
Provision for income taxes			43,878				46,164
Less:
Interest income			1,534				3,621
EBITDA			426,947				357,836
Adjustments:
Costs associated with our reorganization, including    cost-savings initiatives (1)			15,749				—
Carried interest incentive compensation expense (reversal)    to align with the timing of associated revenue			7,336				(10,029	)
Adjusted EBITDA		$	450,032			$	347,807

(1) Primarily represents severance costs related to headcount reductions in connection with our reorganization announced in the third quarter of 2018 that became effective January 1, 2019.

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 March 31,
			2019				2018
Revenue
United States		$	3,036,707			$	2,674,217
United Kingdom			588,581				580,516
All other countries			1,510,222				1,419,219
Total revenue		$	5,135,510			$	4,673,952

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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