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Segments (Tables)

6 Months Ended

Jun. 30, 2019

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,
			2019			2018 (1)					2019			2018 (1)
Revenue
Advisory Services		$	2,178,958			$	1,959,106			$	4,013,360			$	3,658,540
Global Workplace Solutions			3,385,452				3,034,973				6,551,367				5,862,476
Real Estate Investments			149,663				117,355				284,856				264,370
Total revenue		$	5,714,073			$	5,111,434			$	10,849,583			$	9,785,386
Adjusted EBITDA
Advisory Services		$	333,528			$	290,312			$	597,378			$	505,744
Global Workplace Solutions			104,060				79,081				203,739				161,816
Real Estate Investments			30,904				69,914				117,407				119,554
Total Adjusted EBITDA		$	468,492			$	439,307			$	918,524			$	787,114

(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								Six Months Ended
		June 30,								June 30,
			2019				2018				2019				2018
Net income attributable to CBRE Group, Inc.		$	223,731			$	228,667			$	388,140			$	378,955
Add:
Depreciation and amortization			106,479				113,399				212,302				221,564
Intangible asset impairment			—				—				89,037				—
Interest expense, net of interest income			24,600				25,396				45,792				50,633
Write-off of financing costs on extinguished debt			—				—				2,608				27,982
Provision for income taxes			62,521				70,319				106,399				116,483
EBITDA			417,331				437,781				844,278				795,617
Adjustments:
Costs associated with our reorganization, including    cost-savings initiatives (1)			33,816				—				49,565				—
Integration and other costs related to acquisitions			9,037				—				9,037				—
Carried interest incentive compensation expense (reversal)    to align with the timing of associated revenue			8,308				1,526				15,644				(8,503	)
Adjusted EBITDA		$	468,492			$	439,307			$	918,524			$	787,114

(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								Six Months Ended
		June 30,								June 30,
			2019				2018				2019				2018
Revenue
United States		$	3,372,201			$	2,908,185			$	6,408,907			$	5,582,402
United Kingdom			657,005				634,264				1,245,587				1,214,781
All other countries			1,684,867				1,568,985				3,195,089				2,988,203
Total revenue		$	5,714,073			$	5,111,434			$	10,849,583			$	9,785,386

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