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Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Summarized Financial Information by Segment

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Revenue
Advisory Services			$	2,587,983					$	2,136,985					$	4,836,431					$	3,844,997
Global Workplace Solutions			4,908,145						4,082,722						9,713,761						8,108,605
Real Estate Investments			277,281						243,363						561,038						454,492
Corporate, other and eliminations			(2,131)						(4,457)						(7,019)						(10,602)
Total revenue			$	7,771,278					$	6,458,613					$	15,104,211					$	12,397,492
Segment operating profit
Advisory Services			$	520,657					$	464,505					$	986,311					$	797,084
Global Workplace Solutions			218,296						170,169						421,032						322,352
Real Estate Investments			274,518						154,043						441,570						217,110
Total reportable segment operating profit			$	1,013,471					$	788,717					$	1,848,913					$	1,336,546

Reconciliation of Reportable Segment Operating Profit to Net Income

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Net income attributable to CBRE Group, Inc.			$	487,322					$	442,637					$	879,619					$	708,839
Net income attributable to non-controlling interests			2,594						805						6,568						$	3,580
Net income			489,916						443,442						886,187						$	712,419
Adjustments to increase (decrease) net income:
Depreciation and amortization			162,359						119,085						311,391						241,163
Asset impairments			26,405						—						36,756						—
Interest expense, net of interest income			18,518						13,772						31,344						23,878
Provision for income taxes			120,762						133,445						117,024						209,772
Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue			(7,495)						1,672						15,361						17,004
Impact of fair value adjustments to real estate assets acquired in the    Telford acquisition (purchase accounting) that were sold in period			(1,451)						(374)						(3,147)						725
Costs incurred related to legal entity restructuring			10,245						—						11,921						—
Integration and other costs related to acquisitions			8,209						8,134						16,330						8,134
Provision associated with Telford’s fire safety remediation efforts			37,505						—						37,505						—
Corporate and other loss, including eliminations			148,498						69,541						388,241						123,451
Total reportable segment operating profit			$	1,013,471					$	788,717					$	1,848,913					$	1,336,546

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 June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Revenue
United States			$	4,436,115					$	3,563,704					$	8,567,512					$	6,912,563
United Kingdom			1,046,493						832,938						2,032,491						1,609,981
All other countries			2,288,670						2,061,971						4,504,208						3,874,948
Total revenue			$	7,771,278					$	6,458,613					$	15,104,211					$	12,397,492

X

- 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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