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Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Summarized Financial Information by Segment

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Revenue
Advisory Services			$	2,433,801					$	2,412,147					$	7,270,232					$	6,257,144
Global Workplace Solutions			4,843,739						4,167,143						14,557,500						12,275,748
Real Estate Investments			257,738						223,832						818,776						678,324
Corporate, other and eliminations			(5,732)						(4,795)						(12,751)						(15,397)
Total revenue			$	7,529,546					$	6,798,327					$	22,633,757					$	19,195,819
Segment operating profit
Advisory Services			$	423,802					$	521,678					$	1,410,113					$	1,318,762
Global Workplace Solutions			219,406						187,332						640,438						509,684
Real Estate Investments			59,458						146,768						501,028						363,878
Total reportable segment operating profit			$	702,666					$	855,778					$	2,551,579					$	2,192,324

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 September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Net income attributable to CBRE Group, Inc.			$	446,639					$	435,743					$	1,326,258					$	1,144,582
Net income attributable to non-controlling interests			5,041						879						11,609						$	4,459
Net income			451,680						436,622						1,337,867						$	1,149,041
Adjustments to increase (decrease) net income:
Depreciation and amortization			142,136						122,564						453,527						363,727
Asset impairments			—						—						36,756						—
Interest expense, net of interest income			19,957						11,038						51,301						34,916
Write-off of financing costs on extinguished debt			1,862						—						1,862						—
Provision for income taxes			142,667						133,507						259,691						343,279
Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue			(6,161)						16,959						9,200						33,963
Impact of fair value adjustments to real estate assets acquired in the    Telford acquisition (purchase accounting) that were sold in period			(1,300)						47						(4,447)						772
Costs incurred related to legal entity restructuring			893						—						12,814						—
Integration and other costs related to acquisitions			7,716						16,211						24,046						24,345
Costs associated with efficiency and cost-reduction initiatives			18,929						—						18,929						—
Provision associated with Telford’s fire safety remediation efforts			9,479						—						46,984						—
Corporate and other (income) loss, including eliminations			(85,192)						118,830						303,049						242,281
Total reportable segment operating profit			$	702,666					$	855,778					$	2,551,579					$	2,192,324

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 September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Revenue
United States			$	4,320,235					$	3,943,714					$	12,887,747					$	10,856,277
United Kingdom			970,307						841,241						3,002,798						2,451,222
All other countries			2,239,004						2,013,372						6,743,212						5,888,320
Total revenue			$	7,529,546					$	6,798,327					$	22,633,757					$	19,195,819

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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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