Note 28 - Segmented Information

12 Months Ended

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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