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Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets

Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:

 

 

 

 

 

As of or for the Year Ended December 31,

 

 

 

 

 

2021

 

 

2020

 

 

2019

 

Financial Advisory

 

Net Revenue

 

$

1,764,509

 

 

$

1,420,501

 

 

$

1,374,036

 

 

 

Operating Expenses (a)

 

 

1,356,567

 

 

 

1,130,850

 

 

 

1,225,795

 

 

 

Operating Income

 

$

407,942

 

 

$

289,651

 

 

$

148,241

 

 

 

Total Assets

 

$

1,239,964

 

 

$

1,181,783

 

 

$

1,144,339

 

Asset Management

 

Net Revenue

 

$

1,424,985

 

 

$

1,167,466

 

 

$

1,237,390

 

 

 

Operating Expenses (a)

 

 

1,032,825

 

 

 

861,031

 

 

 

887,522

 

 

 

Operating Income

 

$

392,160

 

 

$

306,435

 

 

$

349,868

 

 

 

Total Assets

 

$

1,128,549

 

 

$

958,588

 

 

$

821,641

 

Corporate

 

Net Revenue

 

$

3,554

 

 

$

(21,829

)

 

$

(24,653

)

 

 

Operating Expenses (a)

 

 

79,808

 

 

 

72,116

 

 

 

80,758

 

 

 

Operating Loss

 

$

(76,254

)

 

$

(93,945

)

 

$

(105,411

)

 

 

Total Assets

 

$

4,778,668

 

 

$

3,831,490

 

 

$

3,673,601

 

Total

 

Net Revenue

 

$

3,193,048

 

 

$

2,566,138

 

 

$

2,586,773

 

 

 

Operating Expenses (a)

 

 

2,469,200

 

 

 

2,063,997

 

 

 

2,194,075

 

 

 

Operating Income

 

$

723,848

 

 

$

502,141

 

 

$

392,698

 

 

 

Total Assets

 

$

7,147,181

 

 

$

5,971,861

 

 

$

5,639,581

 

 

(a)

Operating expenses include depreciation and amortization of property as set forth in table below.

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Financial Advisory

 

$

8,480

 

 

$

6,104

 

 

$

5,492

 

Asset Management

 

 

5,618

 

 

 

3,730

 

 

 

2,995

 

Corporate

 

 

24,217

 

 

 

25,261

 

 

 

27,085

 

Total

 

$

38,315

 

 

$

35,095

 

 

$

35,572

 

 

Schedule of Operating Income, Revenue and Identifiable Assets by Geographical Areas

The following table sets forth the net revenue from, and identifiable assets for, the Company and its consolidated subsidiaries by geographic region allocated on the basis described above. In the table below, Americas principally includes the U.S., EMEA principally includes the U.K. and France, and Asia Pacific principally includes Australia.

 

 

 

As of or for the Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Net Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

1,780,815

 

 

$

1,530,100

 

 

$

1,544,063

 

EMEA

 

 

1,251,058

 

 

 

885,924

 

 

 

873,007

 

Asia Pacific

 

 

161,175

 

 

 

150,114

 

 

 

169,703

 

Total

 

$

3,193,048

 

 

$

2,566,138

 

 

$

2,586,773

 

Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

399,916

 

 

$

362,446

 

 

$

241,992

 

EMEA

 

 

295,991

 

 

 

109,991

 

 

 

120,481

 

Asia Pacific

 

 

27,941

 

 

 

29,704

 

 

 

30,225

 

Total

 

$

723,848

 

 

$

502,141

 

 

$

392,698

 

Identifiable Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

4,011,071

 

 

$

3,124,103

 

 

$

2,908,926

 

EMEA

 

 

2,933,180

 

 

 

2,534,168

 

 

 

2,437,788

 

Asia Pacific

 

 

202,930

 

 

 

313,590

 

 

 

292,867

 

Total

 

$

7,147,181

 

 

$

5,971,861

 

 

$

5,639,581