Note 28 - Segmented Information

12 Months Ended

Dec. 31, 2023

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 IM 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 and the corporate head office.

Included in segment total assets at December 31, 2023 are investments in non-consolidated subsidiaries accounted for under the equity method: Americas $2,438 (2022 - $2,690), EMEA $1,665 (2022 - $1,483) and IM $29,748 (2022 - $24,002). The reportable segment information excludes intersegment transactions.

					Asia
	Americas		EMEA		Pacific		IM		Corporate			Consolidated
Year ended December 31, 2023
Revenues	$	2,510,002	$	726,900	$	610,313	$	487,457	$	469		$	4,335,141
Depreciation and amortization		84,725		31,698		12,174		71,429		2,510			202,536
Operating earnings (loss)		174,613		5,483		62,709		103,139		(45,009	)		300,935
Equity earnings		2,095		98		-		2,885		-			5,078
Other income, net													841
Interest expense, net													(94,077	)
Income tax expense													(68,086	)
Net earnings												$	144,691
Total assets	$	1,898,815	$	879,919	$	467,122	$	2,062,956	$	173,314		$	5,482,126
Total additions to fixed assets, intangible assets and goodwill		112,953		18,187		28,127		6,334		2,571			168,172

					Asia
	Americas		EMEA		Pacific		IM		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

Geographic information

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

GEOGRAPHIC INFORMATION

	2023		2022
United States
Revenues	$	2,362,420	$	2,542,270
Total long-lived assets		2,293,362		2,270,468
Canada
Revenues	$	432,176	$	467,975
Total long-lived assets		110,195		76,071
Euro currency countries
Revenues	$	404,158	$	411,834
Total long-lived assets		368,198		367,749
Australia
Revenues	$	284,471	$	277,488
Total long-lived assets		114,754		111,013
United Kingdom
Revenues	$	266,487	$	218,304
Total long-lived assets		526,669		527,157
China
Revenues	$	87,509	$	96,222
Total long-lived assets		8,073		7,410
Other
Revenues	$	497,920	$	445,394
Total long-lived assets		290,862		294,697
Consolidated
Revenues	$	4,335,141	$	4,459,487
Total long-lived assets		3,712,113		3,654,565