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Segments
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segments Segments
We organize our operations around, and publicly report our financial results on, three global business segments: (1) Advisory Services; (2) Global Workplace Solutions and (3) Real Estate Investments. As part of the realignment of our organizational structure and performance measure to how our chief operating decision maker (CODM) views the company, we created a “Corporate, other and elimination” segment.

Our Corporate segment primarily consists of corporate headquarters costs for executive officers and certain other central functions. We track our strategic non-core non-controlling equity investments in “other” which is considered an operating segment and reported together with Corporate as it does not meet the aggregation criteria for presentation as a separate reportable segment. These activities are not allocated to the other business segments. Corporate and other also includes eliminations related to inter-segment revenue.

Segment operating profit (SOP) is the measure reported to the CODM for purposes of making decisions about allocating resources to each segment and assessing performance of each segment. Segment operating profit represents earnings, inclusive of amount attributable to non-controlling interest, before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization and asset impairments, as well as adjustments related to the following: certain carried interest incentive compensation expense (reversal) to align with the timing of associated revenue, fair value adjustments to real estate assets acquired in the Telford acquisition (purchase accounting) that were sold in the period,
costs incurred related to legal entity restructuring, integration and other costs related to acquisitions. This metric excludes the impact of corporate overhead as these costs are now reported under Corporate and other. During fourth quarter of 2021, we changed the definition of SOP to include net income (loss) attributable to non-controlling interest to provide a more meaningful view of the segment’s performance and related margins and to conform to the CODM’s view of the business segments. Prior period segment operating profit for our reportable segments have been recast to conform to this change.

Summarized financial information by segment is as follows (dollars in thousands):
Three Months Ended
March 31,
20222021
Revenue
Advisory Services$2,248,448 $1,708,012 
Global Workplace Solutions4,805,616 4,025,883 
Real Estate Investments283,757 211,129 
Corporate, other and eliminations(4,888)(6,145)
Total revenue$7,332,933 $5,938,879 
Segment operating profit
Advisory Services$465,654 $332,579 
Global Workplace Solutions202,736 152,183 
Real Estate Investments167,052 63,067 
Total reportable segment operating profit$835,442 $547,829 
Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands):
Three Months Ended
March 31,
20222021
Net income attributable to CBRE Group, Inc.$392,297 $266,202 
Net income attributable to non-controlling interests3,974 2,775 
Net income396,271 268,977 
Adjustments to increase (decrease) net income:
Depreciation and amortization149,032 122,078 
Asset impairments10,351 — 
Interest expense, net of interest income12,826 10,106 
(Benefit from) provision for income taxes(3,738)76,327 
Carried interest incentive compensation expense to align with the timing of associated revenue22,856 15,332 
Impact of fair value adjustments to real estate assets acquired in the
   Telford acquisition (purchase accounting) that were sold in period		(1,696)1,099 
Costs incurred related to legal entity restructuring1,676 — 
Integration and other costs related to acquisitions8,121 — 
Corporate and other loss, including eliminations239,743 53,910 
Total reportable segment operating profit$835,442 $547,829 

Our CODM is not provided with total asset information by segment and accordingly, does not measure or allocate total assets on a segment basis. As a result, we have not disclosed any asset information by segment.
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,
20222021
Revenue
United States$4,131,397 $3,348,859 
United Kingdom985,999 777,044 
All other countries2,215,537 1,812,976 
Total revenue$7,332,933 $5,938,879