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Note 27 - Revenue
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

27.

Revenue

 

Disaggregated revenue

Colliers has disaggregated its revenue from contracts with customers by type of service and operating segment as presented in the following table.

 

          

Asia

  

Investment

         
  

Americas

  

EMEA

  

Pacific

  Management  

Corporate

  

Consolidated

 
                         

Year ended December 31,

                     
                         

2021

                        

Leasing

 $729,050  $145,422  $126,211  $-  $-  $1,000,683 

Capital Markets

  838,678   190,525   207,040   -   -   1,236,243 

Property services

  638,741   196,491   227,183   -   -   1,062,415 

Valuation and advisory

  214,665   134,489   98,323   -   7   447,484 

IM - Advisory and other

  -   -   -   217,864   -   217,864 

IM - Incentive Fees

  -   -   -   35,026   -   35,026 

Other

  68,083   5,810   14,904   -   617   89,414 

Total Revenue

 $2,489,217  $672,737  $673,661  $252,890  $624  $4,089,129 
                         

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 

 

Revenue associated with the Company’s debt finance and loan servicing operations are outside the scope of ASC 606, Revenue from Contracts with Customers (“ASC 606”). In the year ended December 31, 2021, $138,641 of revenue, was excluded from the scope of ASC 606 (2020 - $75,975). These revenues were included entirely within the Americas segment within Capital Markets and Other revenue.

 

Contract balances

The Company had contract assets totaling $78,941 of which $71,294 was current (2020 - $66,436 of which $61,101 was current). During the year ended December 31, 2021, substantially all of the current contract assets were either moved to accounts receivable or sold under the AR Facility (Note 15).

 

The Company had contract liabilities (all current) totaling $30,397 (2020 - $21,076). Revenue recognized for the year ended December 31, 2021, totaled $19,076 (2020 - $22,338) 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.