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v3.23.3

Segments - Reconciliation of Total Reportable Segment Operating Profit to Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Segment Reporting Information [Line Items] |  |  |  |
Net income attributable to CBRE Group, Inc. | $ 190,553 | $ 446,639 | $ 508,849 | $ 1,326,258
Less: Net income attributable to non-controlling interests | 10,392 | 5,041 | 23,322 | 11,609
Net income | 200,945 | 451,680 | 532,171 | 1,337,867
Adjustments to increase (decrease) net income: |  |  |  |
Depreciation and amortization | 149,161 | 142,136 | 465,038 | 453,527
Asset impairments | 0 | 0 | 0 | 36,756
Interest expense, net of interest income | 38,206 | 19,957 | 109,603 | 51,301
Write-off of financing costs on extinguished debt | 0 | 1,862 | 0 | 1,862
Provision for income taxes | 30,551 | 142,667 | 113,991 | 259,691
Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue | (8,570) | (6,161) | (2,050) | 9,200
Impact of fair value adjustments to real estate assets acquired in the Telford acquisition (purchase accounting) that were sold in period | 0 | (1,300) | 0 | (4,447)
Costs incurred related to legal entity restructuring | 3,650 | 893 | 3,649 | 12,814
Integration and other costs related to acquisitions | 5,858 | 7,716 | 60,436 | 24,046
Costs associated with efficiency and cost-reduction initiatives | 4,224 | 18,929 | 144,781 | 18,929
Provision associated with Telford’s fire safety remediation efforts | 0 | 9,479 | 0 | 46,984
Total reportable segment operating profit | 535,109 | 702,666 | 1,747,250 | 2,551,579
Corporate and other loss (income), including eliminations |  |  |  |
Adjustments to increase (decrease) net income: |  |  |  |
Total reportable segment operating profit | $ 111,084 | $ (85,192) | $ 319,631 | $ 303,049

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