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| Year Ended December 31, ($ in millions) 2009 2008 2007 2006 2005 Normalized EBITDA $453.9 $601.2 $970.1 $652.5 $461.3 Less: Merger-related charges - - 56.9 - - Integration costs related to acquisitions 5.7 16.4 45.2 7.6 7.1 Loss (gain) on trading securities acquired in the Trammell Crow Company acquisition - - 33.7 (8.6) - Write-down of impaired assets 32.5 100.4 - - - Cost containment expenses 43.6 27.4 - - - EBITDA1 372.1 457.0 834.3 653.5 454.2 Add: Interest income2 6.1 17.9 29.0 9.8 9.3 Less: Depreciation and amortization3 99.5 102.9 113.7 67.6 45.5 Interest expense4 189.1 167.8 164.8 45.0 54.3 Write-off of financing costs 29.3 - - 33.8 7.4 Goodwill and other non-amortizable intangible asset impairments - 1,159.4 - - - Provision for income taxes5 27.0 56.9 194.3 198.3 138.9 Net income (loss) attributable to CB Richard Ellis Group, Inc. $33.4 $(1,012.1) $390.5 $318.6 $217.3 Revenue6 4,165.8 5,130.1 6,036.3 4,032.0 3,194.0 Normalized EBITDA Margin 10.9% 11.7% 16.1% 16.2% 14.4% Reconciliation of Normalized EBITDA to EBITDA to Net Income (Loss) Notes: Includes EBITDA related to discontinued operations of $16.9 million for the year ended December 31, 2008 and $6.5 million for the year ended December 31, 2007. Includes interest income related to discontinued operations of $0.1 million for the year ended December 31, 2008 and $0.01 million for the year ended December 31, 2007. Includes depreciation and amortization related to discontinued operations of $0.1 million for the year ended December 31, 2008 and $0.4 million for the year ended December 31, 2007. Includes interest expense related to discontinued operations of $0.6 million for the year ended December 31, 2008 and $1.8 million for the year ended December 31, 2007. Includes provision for income taxes related to discontinued operations of $6.0 million for the year ended December 31, 2008 and $1.6 million for the year ended December 31, 2007. Includes revenue related to discontinued operations of $1.3 million for the year ended December 31, 2008 and $2.1 million for the year ended December 31, 2007. Less: |