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Segments
 3 Months Ended
Mar. 31, 2023
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. In addition, we also have 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 but 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 chief operating decision marker (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 amounts 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 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, efficiency and cost-reduction initiatives, integration and other costs related to acquisitions. This metric excludes the impact of corporate overhead as these costs are reported under Corporate and other.
Summarized financial information by segment is as follows (dollars in thousands):
Three Months Ended
March 31,
20232022
Revenue
Advisory Services$1,853,868 $2,248,448 
Global Workplace Solutions5,337,722 4,805,616 
Real Estate Investments223,846 283,757 
Corporate, other and eliminations (1)
(4,322)(4,888)
Total revenue$7,411,114 $7,332,933 
Segment Operating Profit
Advisory Services$269,722 $465,654 
Global Workplace Solutions229,666 202,736 
Real Estate Investments131,498 167,052 
Total reportable segment operating profit$630,886 $835,442 
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(1)Eliminations represent revenue from transactions with other operating segments. See Note 12.
Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands):
Three Months Ended
March 31,
20232022
Net income attributable to CBRE Group, Inc.$116,892 $392,297 
Net income attributable to non-controlling interests8,180 3,974 
Net income125,072 396,271 
Adjustments to increase (decrease) net income:
Depreciation and amortization161,491 149,032 
Asset impairments— 10,351 
Interest expense, net of interest income28,414 12,826 
Provision for (benefit from) income taxes28,036 (3,738)
Carried interest incentive compensation expense to align with the timing of associated revenue6,978 22,856 
Impact of fair value adjustments to real estate assets acquired in the Telford acquisition (purchase accounting) that were sold in period— (1,696)
Costs incurred related to legal entity restructuring— 1,676 
Integration and other costs related to acquisitions18,134 8,121 
Costs associated with efficiency and cost-reduction initiatives138,247 — 
Corporate and other loss, including eliminations124,514 239,743 
Total reportable segment operating profit$630,886 $835,442 
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,
20232022
Revenue
United States$4,144,596 $4,131,397 
United Kingdom995,428 985,999 
All other countries2,271,090 2,215,537 
Total revenue$7,411,114 $7,332,933