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Note 28 - Revenue
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
28.
Revenue
 
Disaggregated revenue
Colliers has disaggregated its revenue from contracts with customers by type of service and region as presented in the following table.
 
OPERATING SEGMENT REVENUES
 
                     
Asia
      
Investment
                  
     
Americas
      
EMEA
      
Pacific
      
Mgmt
      
Corporate
      
Consolidated
  
                                                 
Year ended December 31,                                                
                                                 
2020                                                
Leasing   $
495,597
     $
107,947
     $
82,917
     $
-
     $
21
     $
686,482
  
Capital Markets    
460,224
      
136,479
      
104,201
      
-
      
-
      
700,904
  
Property services    
471,377
      
162,853
      
200,727
      
-
      
-
      
834,957
  
Valuation and advisory    
162,672
      
104,498
      
71,463
      
-
      
-
      
338,633
  
IM - Advisory and other    
-
      
-
      
-
      
168,404
      
-
      
168,404
  
IM - Incentive Fees    
-
      
-
      
-
      
4,190
      
-
      
4,190
  
Other    
36,502
      
4,730
      
11,324
      
-
      
731
      
53,287
  
Total Revenue   $
1,626,372
     $
516,507
     $
470,632
     $
172,594
     $
752
     $
2,786,857
  
                                                 
2019                                                
Leasing   $
691,149
     $
139,141
     $
115,916
     $
-
     $
193
     $
946,399
  
Capital Markets    
424,703
      
192,673
      
158,533
      
-
      
-
      
775,909
  
Property services    
388,117
      
189,543
      
187,183
      
-
      
-
      
764,843
  
Valuation and advisory    
167,919
      
109,517
      
69,028
      
-
      
-
      
346,464
  
IM - Advisory and other    
-
      
-
      
-
      
155,426
      
-
      
155,426
  
IM - Incentive Fees    
-
      
-
      
-
      
19,162
      
-
      
19,162
  
Other    
18,619
      
5,592
      
11,949
      
-
      
1,448
      
37,608
  
Total Revenue   $
1,690,507
     $
636,466
     $
542,609
     $
174,588
     $
1,641
     $
3,045,811
  
 
Revenue associated with the Company's debt finance and loan servicing operations are outside the scope of ASC
606.
In the year ended
December 31, 2020,
$75,975
of revenue was excluded from the scope of ASC
606.
These revenues were included entirely within the Americas segment within Capital Markets and Other revenue.
 
Contract balances
The Company had contract assets totaling
$66,436
of which
$61,101
was current (
2019
-
$48,934
of which
$42,772
was current). During the year ended
December 31, 2020,
substantially all of the current contract assets were either moved to accounts receivable or sold under the AR Facility (Note
16
).
 
The Company had contract liabilities (all current) totaling
$21,076
(
2019
-
$24,133
). Revenue recognized for the year ended
December 31, 2020
totaled
$22,338
(
2019
-
$26,568
) that was included in the contract liability balance at the beginning of the year.
 
Certain constrained brokerage fees, outsourcing & advisory fees and investment management fees
may
arise from services that began in a prior reporting period. Consequently, a portion of the fees the Company recognizes in the current period
may
be partially related to the services performed in prior periods. Typically, less than
5%
of brokerage revenue recognized in a period had previously been constrained and substantially all investment management incentive fees, including carried interest, recognized in the period were previously constrained.