Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Financial Information for the Company's Operations Before Taxes

Financial information for the Company’s operations before taxes and non-controlling interests for the three and six months ended June 30, 2022 and 2021 were as follows:


	Real Estate Brokerage		Corporate and Other		Total
Three months ended June 30, 2022
Revenues	$	364,359	$	—	$	364,359
Operating income (loss)	21,575		(6,947)		14,628
Adjusted EBITDA attributed to Douglas Elliman (a)	24,424		(5,222)		19,202
Depreciation and amortization	1,986		—		1,986

Three months ended June 30, 2021
Revenues	$	391,975	$	—	$	391,975
Operating income	43,183		—		43,183
Adjusted EBITDA attributed to Douglas Elliman (a)	45,280		—		45,280
Depreciation and amortization	2,097		—		2,097

Six months ended June 30, 2022
Revenues	$	673,259	$	—	$	673,259
Operating income (loss)	36,116		(13,609)		22,507
Adjusted EBITDA attributed to Douglas Elliman (a)	42,086		(10,157)		31,929
Depreciation and amortization	4,065		—		4,065
Capital expenditures	4,367		—		4,367

Six months ended June 30, 2021
Revenues	$	664,751	$	—	$	664,751
Operating income	57,411		—		57,411
Adjusted EBITDA attributed to Douglas Elliman (a)	61,631		—		61,631
Depreciation and amortization	4,220		—		4,220
Capital expenditures	1,263		—		1,263

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(a)The following table reconciles operating income to Adjusted EBITDA attributed to Douglas Elliman for the three and six months ended June 30, 2022 and 2021.


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Real estate brokerage segment
Operating income	$	21,575	43,183		$	36,116	$	57,411
Depreciation and amortization	1,986		2,097		4,065		4,220
Stock-based compensation	934		—		1,859		—
Adjusted EBITDA	24,495		45,280		42,040		61,631
Adjusted EBITDA attributed to non-controlling interest	(71)		—		46		—
Adjusted EBITDA attributed to Douglas Elliman	$	24,424	$	45,280	$	42,086	$	61,631

Corporate and other segment
Operating loss	$	(6,947)	$	—	$	(13,609)	$	—
Stock-based compensation	1,725		—		3,452		—
Adjusted EBITDA attributed to Douglas Elliman	$	(5,222)	$	—	$	(10,157)	$	—