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Note 28 - Segmented Information | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
28. | Segmented information
Operating segments Colliers has identified four reportable operating segments. Three segments are grouped geographically into Americas, Asia Pacific and EMEA. The Investment Management segment operates in the Americas and EMEA. The groupings are based on the manner in which the segments are managed. Management assesses each segment’s performance based on operating earnings or operating earnings before depreciation and amortization. Corporate includes the costs of global administrative functions, the corporate head office and for the year ended December 31, 2021, also the settlement of the LTIA (see note 21). Included in segment total assets at December 31, 2021 are investments in non-consolidated subsidiaries accounted for under the equity method: Americas $2,324 (2020 - $3,147), EMEA $1,599 (2020 - $1,550) and Investment Management $18,567 (2020 - $7,518). The reportable segment information excludes intersegment transactions.
|  |  |  |  |  |  |  |  |  | Asia |  |  | Investment |  |  |  |  |  |  |  |  |
|  | Americas |  |  | EMEA |  |  | Pacific |  |  | Management |  |  | Corporate |  |  | Consolidated |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,489,217 |  |  | $ | 672,737 |  |  | $ | 673,661 |  |  | $ | 252,890 |  |  | $ | 624 |  |  | $ | 4,089,129 |
Depreciation and amortization |  |  | 80,210 |  |  |  | 22,868 |  |  |  | 10,471 |  |  |  | 27,691 |  |  |  | 3,854 |  |  |  | 145,094 |
Operating earnings (loss) |  |  | 233,788 |  |  |  | 59,606 |  |  |  | 82,023 |  |  |  | 63,659 |  |  |  | (570,577 | ) |  |  | (131,501 | )
Equity earnings |  |  | 2,352 |  |  |  | 65 |  |  |  | - |  |  |  | 3,773 |  |  |  | - |  |  |  | 6,190 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,083 |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (31,819 | )
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (85,510 | )
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (237,557 | )
Total assets |  | $ | 1,740,447 |  |  | $ | 757,980 |  |  | $ | 387,564 |  |  | $ | 774,845 |  |  | $ | 212,894 |  |  | $ | 3,873,730 |
Total additions to fixed assets, intangible assets and goodwill |  |  | 92,059 |  |  |  | 8,747 |  |  |  | 3,245 |  |  |  | 2,861 |  |  |  | 2,461 |  |  |  | 109,373 |
|  |  |  |  |  |  |  |  |  | Asia |  |  | Investment |  |  |  |  |  |  |  |  |
|  | Americas |  |  | EMEA |  |  | Pacific |  |  | Management |  |  | Corporate |  |  | Consolidated |
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,626,372 |  |  | $ | 516,507 |  |  | $ | 470,632 |  |  | $ | 172,594 |  |  | $ | 752 |  |  | $ | 2,786,857 |
Depreciation and amortization |  |  | 56,667 |  |  |  | 22,391 |  |  |  | 14,616 |  |  |  | 27,464 |  |  |  | 4,768 |  |  |  | 125,906 |
Operating earnings (loss) |  |  | 121,371 |  |  |  | 8,336 |  |  |  | 45,221 |  |  |  | 40,738 |  |  |  | (51,088 | ) |  |  | 164,578 |
Equity earnings |  |  | 1,469 |  |  |  | 75 |  |  |  | - |  |  |  | 1,181 |  |  |  | 193 |  |  |  | 2,919 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (13 | )
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (30,949 | )
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (42,046 | )
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 94,489 |
Total assets |  | $ | 1,640,046 |  |  | $ | 648,557 |  |  | $ | 384,001 |  |  | $ | 694,270 |  |  | $ | (74,707 | ) |  | $ | 3,292,167 |
Total additions to fixed assets, intangible assets and goodwill |  |  | 357,187 |  |  |  | 8,194 |  |  |  | 4,593 |  |  |  | 3,669 |  |  |  | 2,255 |  |  |  | 375,898 |
Geographic information Revenues in each geographic region are reported by customer locations.
GEOGRAPHIC INFORMATION |
|  | 2021 |  |  | 2020 |
United States |  |  |  |  |  |  |  |
Revenues |  | $ | 2,232,277 |  |  | $ | 1,432,288 |
Total long-lived assets |  |  | 1,442,476 |  |  |  | 1,378,648 |
Canada |  |  |  |  |  |  |  |
Revenues |  | $ | 437,307 |  |  | $ | 304,039 |
Total long-lived assets |  |  | 81,897 |  |  |  | 82,520 |
Euro currency countries |  |  |  |  |  |  |  |
Revenues |  | $ | 343,364 |  |  | $ | 280,853 |
Total long-lived assets |  |  | 269,104 |  |  |  | 306,472 |
Australia |  |  |  |  |  |  |  |
Revenues |  | $ | 320,959 |  |  | $ | 190,106 |
Total long-lived assets |  |  | 72,572 |  |  |  | 84,758 |
United Kingdom |  |  |  |  |  |  |  |
Revenues |  | $ | 170,896 |  |  | $ | 135,572 |
Total long-lived assets |  |  | 70,968 |  |  |  | 79,738 |
China |  |  |  |  |  |  |  |
Revenues |  | $ | 108,898 |  |  | $ | 90,390 |
Total long-lived assets |  |  | 9,908 |  |  |  | 8,316 |
Other |  |  |  |  |  |  |  |
Revenues |  | $ | 475,428 |  |  | $ | 353,609 |
Total long-lived assets |  |  | 167,225 |  |  |  | 176,217 |
Consolidated |  |  |  |  |  |  |  |
Revenues |  | $ | 4,089,129 |  |  | $ | 2,786,857 |
Total long-lived assets |  |  | 2,114,150 |  |  |  | 2,116,669 |
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