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Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summarized Financial Information by Segment

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

		Year Ended December 31,
			2019				2018				2017
Revenue
Advisory Services		$	9,069,468			$	8,440,002			$	7,379,725
Global Workspace Solutions			14,164,001				12,365,362				10,791,963
Real Estate Investments			660,622				534,724				457,099
Total revenue		$	23,894,091			$	21,340,088			$	18,628,787
Depreciation and Amortization
Advisory Services		$	304,766			$	280,921			$	243,791
Global Workspace Solutions			120,975				147,222				136,127
Real Estate Investments			13,483				23,845				26,196
Total depreciation and amortization		$	439,224			$	451,988			$	406,114
Equity Income (Loss) from Unconsolidated Subsidiaries
Advisory Services		$	6,894			$	16,017			$	20,740
Global Workspace Solutions			(1,423	)			115				—
Real Estate Investments			155,454				308,532				189,467
Total equity income from unconsolidated    subsidiaries		$	160,925			$	324,664			$	210,207
Adjusted EBITDA
Advisory Services		$	1,465,792			$	1,303,251			$	1,174,943
Global Workspace Solutions			424,026				345,560				334,377
Real Estate Investments			173,965				256,357				207,454
Total Adjusted EBITDA		$	2,063,783			$	1,905,168			$	1,716,774

Adjusted EBITDA Calculation by Segment

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

		Year Ended December 31,
			2019				2018				2017
Net income attributable to CBRE Group, Inc.		$	1,282,357			$	1,063,219			$	697,109
Add:
Depreciation and amortization			439,224				451,988				406,114
Intangible asset impairment			89,787				—				—
Interest expense, net of interest income			85,754				98,685				126,961
Write-off of financing costs on extinguished debt			2,608				27,982				—
Provision for income taxes			69,895				313,058				467,757
EBITDA			1,969,625				1,954,932				1,697,941
Adjustments:
Costs associated with our reorganization, including    cost-savings initiatives (1)			49,565				37,925				—
Integration and other costs related to acquisitions			15,292				9,124				27,351
Carried interest incentive compensation expense (reversal) to    align with the timing of associated revenue			13,101				(5,261	)			(8,518	)
Impact of fair value adjustments to real estate assets acquired    in the Telford Acquisition (purchase accounting) that were    sold in period			9,301				—				—
Costs incurred related to legal entity restructuring			6,899				—				—
Costs incurred in connection with litigation settlement			—				8,868				—
One-time gain associated with remeasuring an investment    in an unconsolidated subsidiary to fair value as of the date    the remaining controlling interest was acquired			—				(100,420	)			—
Adjusted EBITDA		$	2,063,783			$	1,905,168			$	1,716,774

(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):

		Year Ended December 31,
			2019				2018				2017
Revenue
United States		$	13,852,018			$	12,264,188			$	10,954,608
United Kingdom			2,972,704				2,586,890				2,242,973
All other countries			7,069,369				6,489,010				5,431,206
Total revenue		$	23,894,091			$	21,340,088			$	18,628,787

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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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