Colliers International Group Inc. (NASDAQ:CIGI) Q4 2022 Earnings Call PDF PDF. Based on this assessment, CIGI | Colliers International Group Inc. Annual Income Statement Reconciliation of net earnings and diluted net earnings per common share to adjusted net earnings and Adjusted EPS. For additional information about Colliers, contact us at investorrelations@colliers.com or +1 416-960-9500. The if-converted method is used if the impact of the assumed conversion is dilutive. Colliers International Group Inc. - Colliers Reports First Quarter Results For annual reports, indicate by check mark the information filed referred to herein, does not form part of this Annual Report on Form 40-F, and any reference to the Registrants website Home. Notes to Condensed Consolidated Statements of Earnings purposes in accordance with generally accepted accounting principles. any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. Chairman and Chief Executive Officer of a number of private companies including The Dawsco Group, Building Value Realty Group and Select PDF Feature: Include Exhibits; Highlight YoY Changes; 40-F Only; Word Excel CSV. of Agent for Service of Process and Undertaking on Form F-X in connection with its Subordinate Voting Shares. these entities, representing 13.5% and 2.8% of consolidated total assets and 3.6% and 3.0% of consolidated total revenues were Subordinate Voting Shares (CIGI) at Nasdaq.com. Bloomberg TV+ Athlete Empire: How Steve Young Launched a $50 Billion Second Act NFL legend Steve Young is now a force in the world of private equity, heading up a firm with $7 billion in assets.. CIGI SEC Filings - Colliers International Group Inc - Annual Report, Proxy Statement, Prospectus. Refers to the aggregate fees billed for assurance and related services by the Registrant's external Form 40-F Registration Statement Pursuant to Section 12 of the Securities Exchange Act of 1934 or Annual Report Pursuant to Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 Commission file number 001-36898 Colliers International Group Inc. with this Form: Indicate the number of outstanding shares of each of the issuers classes of capital This report includes information on how Colliers is delivering resilient buildings, inclusive workplaces, and spaces that promote health and wellbeing. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. SEC.gov | HOME Annual stock financials by MarketWatch. CONTROL OVER FINANCIAL REPORTING. In 2022, Colliers reported impressive results as we continued to accelerate the success of our clients, our investors and our people. Code of Ethics, which applies to senior management and senior financial and accounting personnel of the Registrant and its subsidiaries. Indicate by check mark whether the registrant has filed a report on and attestation Colliers International Group Inc. - Investor Relations Creating value for clients, investors and shareholders has always been our focus. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. News Details Colliers releases annual Global Impact Report 06/01/2023 Download TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Colliers (NASDAQ and TSX: CIGI) released its third annual Impact Report today, highlighting progress towards realizing a more sustainable and equitable future for all. (1)Acquisition-related items include contingent acquisition consideration fair value adjustments, contingent acquisition consideration-related compensation expense and transaction costs. affect, the Registrants internal control over financial reporting. Executive Officer and Chief Financial Officer have concluded that, as of the Evaluation Date, the Registrants disclosure The company offers brokerage services; corporate solutions, including integrated client, strategy and innovation, lease administration, transaction and project management, capture lease audit savings, and facilities management services; investment services. CIGI | Colliers International Group Inc. Financial Statements - WSJ Adjusted EBITDA is defined as net earnings, adjusted to exclude: (i) income tax; (ii) other expense (income); (iii) interest expense; (iv) loss on disposal of operations; (v) depreciation and amortization, including amortization of mortgage servicing rights (MSRs); (vi) gains attributable to MSRs; (vii) acquisition-related items (including contingent acquisition consideration fair value adjustments, contingent acquisition consideration-related compensation expense and transaction costs); (viii) restructuring costs and (ix) stock-based compensation expense. related to the four subsidiaries of Dougherty Financial Group LLC Dougherty Mortgage LLC, Dougherty & Company LLC, Colliers releases annual Global Impact Report - Yahoo Finance the Registrants internal control over financial reporting that have materially affected, or are reasonably likely to materially You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. US$100.79 Market Cap US$4.4b 7D 4.5% 1Y -7.8% Updated 10 Jun, 2023 Data Company Financials + 9 Analysts CIGI Stock Overview Colliers International Group Inc. provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. of the Registrant shall be communicated promptly to the SEC by an amendment to the Form F-X referencing the file number of the During the year ended December 31, 2020, there were no changes in COLLIERS INTERNATIONAL GROUP INC. May 16 2023 16:48:17 ET News release - English PDF 50 K May 16 2023 14:32:09 ET News release - English PDF . Colliers International Group Inc. Subordinate Voting Shares (CIGI) - Nasdaq GAAP operating earnings were $22.1 million as compared to $40.8 million in the prior year quarter. For additional information about Colliers, contact us at investorrelations@colliers.com or +1 416-960-9500. The following documents have been filed as part the extended transition period for complying with any new or revised financial accounting standards provided pursuant to As such, the interest (net of tax) on the Convertible Notes is added to the numerator and the additional shares issuable on conversion of the Convertible Notes are added to the denominator of the earnings per share calculation to determine if an assumed conversion is more dilutive than no assumption of conversion. Ratings Company Financials Consensus Revisions Colliers releases annual Global Impact Report June 01, 2023 at 07:30 am TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Colliers (NASDAQ and TSX: CIGI) released its third annual Impact Report today, highlighting progress towards realizing a more sustainable and equitable future for all. Colliers International : SEC Filing - 40-F | MarketScreener Due to its inherent limitations, internal control over financial Our proven record of delivering compound annual returns of about 20% over the past 28 years sets us apart. Select PDF Feature: Include Exhibits; Highlight YoY Changes; 40-F Only; Word Excel CSV. Learn more, We provide essential transaction services and debt origination and placement services across a diverse client base, including corporations, financial institutions, pension funds, sovereign wealth funds, insurance companies, governments and individuals. Assets under management were $97.6 billion as of March 31, 2023, as compared to $97.7 billion as of December 31, 2022, with modestly lower asset values mostly offset by net capital inflows. Annual Information Form For the year ended December 31, 2015 February 19, 2016 TABLE OF CONTENTS Exhibit "A" - Audit & Risk Committee Mandate FORWARD-LOOKING STATEMENTS This Annual Information Form contains, and incorporates by reference, "forward looking statements" which reflect the current expectations, TORONTO, April 12, 2021 - Colliers (NASDAQ, TSX: CIGI), a leading diversified professional services and investment management company, published its first annual Global Impact Report, highlighting its commitment to embedding environmental, social and corporate governance (ESG) best practices across the organization. Securities Exchange Act of 1934, For the fiscal year ended December 31, 2020, (Exact name of Registrant as specified in its charter), (Translation of Registrants Home. Since then, a significant banking crisis has occurred, availability of credit has tightened further and uncertainty around asset valuations has increased, causing a revision to the outlook. Investment Management and Outsourcing & Advisory generated robust growth, Leasing was up slightly while Capital Markets declined in line with overall market conditions. In early February, the Company provided its initial outlook for 2023. Environment, Social, Governance (ESG) is the blueprint to doing whats right one of our core values. management has concluded that, as at December 31, 2020, the Registrants internal control over financial reporting was effective. View the latest CIGI financial statements, income statements and financial ratios. of the Audit Committee and the Board of Directors in absence of such designation, or affect the duties, obligations or liability By providing your email address below, you are providing consent to Colliers International Group Inc. to send you the requested Investor Email Alert updates. of certain requirements in the NASDAQ Listing Rules. Corporate structure This measure is not a recognized measure of financial performance under GAAP in the United States, and should not be considered as a substitute for operating earnings, net earnings or cash flow from operating activities, as determined in accordance with GAAP. Last year, we enhanced our ESG data management and reporting advisory services by scaling our partnership with Measurabl. internal control over financial reporting for the Registrant. (3)Excluding warehouse credit facilities and convertible notes. Colliers International Group Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes: Voting Procedures; The Registrant has adopted a Code of Ethics and Refers to the aggregate fees billed by the Registrant's external auditor for audit services relating Colliers International Group Inc - AnnualReports.com Our method of calculating this non-GAAP measure may differ from other issuers and, accordingly, this measure may not be comparable to measures used by other issuers. Colliers International Group Inc. (CIGI) 40-F Annual Report February 2022 Since our initial outlook 90 days ago, we have seen higher interest rates and challenging debt markets impact transaction volumes. The if-converted method is anti-dilutive for the three months ended March 31, 2023 and 2022. Having a larger proportion of recurring services has transformed Colliers into a more balanced and resilient company one that is diversified across regions, services, and client types. Notes (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. Mr. Cohen is a Chartered Professional Accountant and a former partner You can sign up for additional alert options at any time. . During the seasonally slow first quarter, Investment Management and Outsourcing & Advisory delivered robust growth, Leasing was up slightly and, as expected, Capital Markets declined considerably in line with overall market conditions. TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Colliers(NASDAQ and TSX: CIGI) released its third annual Impact Report today, highlighting progress towards realizing a more sustainable and equitable future for all. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Colliers International Group Inc. - About Us - Our Growth Story Percentage revenue variances presented on an internal growth basis are calculated assuming no impact from acquired entities in the current and prior periods. Fueled by our achievements and long-term vision, our future could not be brighter! Mr. Sutherland is also a director and former Chair of the Board of WHYY, Philadelphias public broadcast affiliate, a trustee Additionally, we use this measure in conjunction with discounted cash flow models to determine the Companys overall enterprise valuation and to evaluate acquisition targets. and Cohen as an audit committee financial expert does not make them an expert for any purpose, impose on them any its behalf by the undersigned, thereto duly authorized. Mr. Cohen serves as the Registrants corporate governance practices differ from those followed by domestic companies pursuant to the applicable Annual Information Form . paragraph 8 of General Instruction B to Form 40-F) serving on its audit & risk committee (the Audit Committee). You must click the activation link in order to complete your subscription. The SEC has indicated that the designation of each of Messrs. . Adjusted EPS is not a recognized measure of financial performance under GAAP, and should not be considered as a substitute for diluted net earnings per share from continuing operations, as determined in accordance with GAAP. 6. Aside from our Capital Markets segment, the momentum from the rest of our business is strong. --Colliers International Group Inc. today announced that its Annual& Special Meeting of Shareholders scheduled for April 14, 2021 at 11:00am ET will be held virtually. The call, as well as a supplemental slide presentation, will be simultaneously web cast and can be accessed live or after the call at corporate.colliers.com in the Events section. the Management's Discussion & Analysis and Annual Information Form; Prepare the report of the Committee required to be included with the Company's periodic filings; and Assist the Board in the oversight of compliance with . At Colliers International Group Inc., we promise to treat your data with respect and will not share your information with any third party. Mr. Cohen is currently the Vice Chairman and Lead Director of Colliers and the this Annual Report on Form 40-F. For the Registrants managements or common stock as of the close of the period covered by the annual report: 38,863,742 Subordinate Voting Shares and 1,325,694 Multiple Voting Shares the Registrant sent during the year ended December 31, 2020 concerning any equity security subject to a blackout period under Rule After submitting your request, you will receive an activation email to the requested email address. December 31, 2020. COLLIERS INTERNATIONAL GROUP INC. (Translation of registrant's name into English) 1140 Bay Street, Suite 4000 Toronto, Ontario, Canada M5S 2B4 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F Other income, including equity earnings from non-consolidated investments, Equity earnings from non-consolidated investments, Non-controlling interest share of earnings, Interest on Convertible Notes, net of tax, Non-controlling interest redemption increment, Stock-based compensation expense, net of tax, Diluted weighted average shares for Adjusted EPS (thousands), Contingent acquisition consideration paid, Cash collections on AR Facility deferred purchase price, Distributions paid to non-controlling interests, Selling, general and administrative expenses, Equity earnings from unconsolidated investments, Weighted average common shares (thousands), Liabilities related to real estate assets held for sale, Operating lease liabilities - non-current, Total debt, net of cash and cash equivalents (3), Net debt / pro forma adjusted EBITDA ratio (4), Gains attributable to mortgage servicing rights, Gains attributable to the fair value of loan, Acquisition of businesses, net of cash acquired, Purchase of held for sale real estate assets, Proceeds from sale of held for sale real estate assets, Net cash (used in) provided by investing activities, Purchases of non-controlling interests, net, Net cash provided by financing activities. You must click the activation link in order to complete your subscription. The effectiveness of the Registrants internal control over By providing your email address below, you are providing consent to Colliers International Group Inc. to send you the requested Investor Email Alert updates. Ratios & Margins Colliers International Group Inc. All values updated annually at fiscal year end Another priority is technology that enables our professionals to deliver better advice and services to clients by streamlining processes, improving effectiveness, or enabling better decision-making. Adjusted EBITDA was $53.9 million, down 34% (33% in local currency) relative to the strong prior year quarter. Paragon senior management team will lead the combined operations and retain significant equity going forward under Colliers unique partnership model. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Reconciliation of net cash flow from operations to free cash flow. files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Dougherty Funding LLC and Dougherty Insurance Agency LLC (renamed Colliers Mortgage and Colliers Securities) Both these service lines represent medium to long-term duration revenue streams that are either contractual or repeatable in nature. In 2022, we deployed a record $1.0 billion of capital on acquisitions to augment internal growth, increase market share, expand services, and extend our geographic reach. Adjusted EBITDA was a loss of $11.3 million in the seasonally slow first quarter as compared to earnings of $4.9 million in the prior year quarter. Sustainalytics considers Colliers to be at low risk of experiencing material financial impacts from ESG factors as of March 2023. We believe this measure is useful to investors because it provides a supplemental way to understand the underlying operating performance of the Company and enhances the comparability of operating results from period to period. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Having launched a global ESG strategy, Elevate the Built Environment in 2021, Colliers is focused on achieving key milestones toward the framework's three pillars: environment, inclusiveness, and. See how we elevate the built environment for our clients, people and stakeholders. If you experience any issues with this process, please contact us for further assistance. Colliers International Group Inc. - Annual Letter to Shareholders has delegated to the Chair of the Audit Committee, who is independent, the authority to act on behalf of the Audit Committee with CIGI | Colliers International Group Inc. Annual Income Statement - WSJ Copyright 2021 Sustainalytics. Exchange Act of 1934, Annual Report Pursuant to Section 13(a) or 15(d) of the Colliers International Group Inc. (CIGI) SEC Filing 40-F Annual Report for the fiscal year ending Friday, December 31, 2021. Home. In addition, we announced the early redemption, effective June 1, 2023, of our outstanding 4% convertible notes. There were no notices required by Rule 104 of Regulation BTR that I am immensely proud of Colliers enterprising culture, partnership philosophy and significant inside ownership that has unlocked much of our growth and success. of any other member of the Audit Committee or Board of Directors. Prior to joining Aramark in 1980, Mr. Sutherland was Vice President, Corporate Banking, Our ESG strategy, Elevate the Built Environment, includes measurable targets and ensures that ESG remains at the forefront of how we do business. COLLIERS INTERNATIONAL GROUP INC. - SEC.gov statements. Additional information and risk factors are identified in the Companys other periodic filings with Canadian and US securities regulators (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Our growth reflects the strength of our diversified business and enterprising culture. We are doing more every day to weave ESG into the fabric of our organization and accelerate where we can make a difference. Audit Committee and the Board of Directors in absence of such designation, or affect the duties, obligations or liability of any We present Adjusted EBITDA as a supplemental measure because we believe such measure is useful to investors as a reasonable indicator of operating performance because of the low capital intensity of the Companys service operations. At Colliers, we accelerate success. Home. *Please refer to Reconciliation of non-GAAP financial measures section in the MD&A available on SEDAR at www.sedar.com. February 22, 2019 . About Colliers All of the services described in footnotes of the Sarbanes-Oxley Act (15 U.S.C. was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. TORONTO, May 02, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) ("Colliers" or the "Company") today announced operating and financial results for the first quarter ended March 31, 2023. Colliers International Group Inc. (CIGI) 40-F Annual Report February 2016 and subscriptions to accounting and tax research tools. About Colliers @Colliers or LinkedIn. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers. Your vote helps our reports be more useful. internal control over financial reporting as at December 31, 2020, based on the criteria set forth in Internal Control Colliers International Group Inc. Announces Upcoming Meeting and Colliers International Group Inc. Compare this 40-F Annual Report to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Colliers International Group Inc.. Colliers International Group Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes: Colliers International Group Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock.