Note 29 - Segmented Information

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

29.         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 22).

Included in segment total assets at December 31, 2022 are investments in non-consolidated subsidiaries accounted for under the equity method: Americas $2,690 (2021 - $2,324), EMEA $1,483 (2021 - $1,599) and Investment Management $24,002 (2021 - $18,567). The reportable segment information excludes intersegment transactions.

					Asia		Investment
	Americas		EMEA		Pacific		Management		Corporate			Consolidated
Year ended December 31, 2022
Revenues	$	2,756,345	$	715,140	$	608,460	$	378,881	$	661		$	4,459,487
Depreciation and amortization		86,927		27,432		11,476		48,543		3,043			177,421
Operating earnings (loss)		254,375		9,891		72,256		37,055		(41,081	)		332,496
Equity earnings		1,671		58		-		4,948		-			6,677
Other income, net													(1,032	)
Interest expense, net													(48,587	)
Income tax expense													(95,010	)
Net earnings												$	194,544
Total assets	$	1,685,753	$	857,974	$	408,825	$	2,101,208	$	44,417		$	5,098,177
Total additions to fixed assets, intangible assets and goodwill		131,114		237,622		59,759		1,291,202		3,703			1,723,400

					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

Geographic information

Revenues in each geographic region are reported by customer locations except for Investment Management where revenues are reported by the location of the fund management.

GEOGRAPHIC INFORMATION
	2022		2021
United States
Revenues	$	2,542,270	$	2,232,277
Total long-lived assets		2,270,468		1,442,476
Canada
Revenues	$	467,975	$	437,307
Total long-lived assets		76,071		81,897
Euro currency countries
Revenues	$	411,834	$	343,364
Total long-lived assets		367,749		269,104
Australia
Revenues	$	277,488	$	320,959
Total long-lived assets		111,013		72,572
United Kingdom
Revenues	$	218,304	$	170,896
Total long-lived assets		527,157		70,968
China
Revenues	$	96,222	$	108,898
Total long-lived assets		7,410		9,908
Other
Revenues	$	445,394	$	475,428
Total long-lived assets		294,697		167,225
Consolidated
Revenues	$	4,459,487	$	4,089,129
Total long-lived assets		3,654,565		2,114,150