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Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summarized Financial Information by Segment

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

			Three Months Ended March 31,
			2021						2020
Revenue
Advisory Services			$	1,708,012					$	1,802,687
Global Workplace Solutions			4,025,883						3,884,529
Real Estate Investments			211,129						211,470
Corporate, other and eliminations			(6,145)						(9,518)
Total revenue			5,938,879						5,889,168
Segment operating profit
Advisory Services			$	332,300					$	332,965
Global Workplace Solutions			152,177						106,967
Real Estate Investments			60,577						43,021
Total reportable segment operating profit			$	545,054					$	482,953

Adjusted EBITDA Calculation by Segment

Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands):

			Three Months Ended March 31,
			2021						2020
Net income attributable to CBRE Group, Inc.			$	266,202					$	172,195
Adjustments to increase (decrease) net income:
Depreciation and amortization			122,078						113,794
Asset impairments			—						75,171
Interest expense, net of interest income			10,106						16,016
Provision for income taxes			76,327						51,182
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue			15,332						(7,784)
Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting)      that were sold in period			1,099						5,753
Costs incurred related to legal entity restructuring			—						3,241
Integration and other costs related to acquisitions			—						783
Corporate, other and eliminations loss			53,910						52,602
Total reportable segment operating profit			$	545,054					$	482,953

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,
			2021						2020
Revenue
United States			$	3,348,859					$	3,380,317
United Kingdom			777,044						737,515
All other countries			1,812,976						1,771,336
Total revenue			$	5,938,879					$	5,889,168

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- Definition

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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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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