20. Discontinued Operations
In the ordinary course of business, we dispose of real estate assets, or hold real estate assets for sale, that may be considered components of an entity in accordance with Topic 360. If we do not have, or expect to have, significant continuing involvement with the operation of these real estate assets after disposition, we are required to recognize operating profits or losses and gains or losses on disposition of these assets as discontinued operations in our consolidated statements of operations in the periods in which they occur. Real estate operations and dispositions accounted for as discontinued operations for the years ended December 31, 2013, 2012 and 2011 were reported in our Global Investment Management and Development Services segments and totaled the following (dollars in thousands):
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| 2013 | 2012 | 2011 | ||||||||||
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Revenue |
$ | 9,362 | $ | 5,663 | $ | 6,737 | ||||||
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Costs and expenses: |
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Operating, administrative and other |
5,416 | 2,750 | 5,264 | |||||||||
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Depreciation and amortization |
880 | 1,260 | 1,211 | |||||||||
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Total costs and expenses |
6,296 | 4,010 | 6,475 | |||||||||
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Gain on disposition of real estate |
28,602 | 1,566 | 56,888 | |||||||||
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Operating income |
31,668 | 3,219 | 57,150 | |||||||||
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Interest income |
— | 4 | — | |||||||||
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Interest expense |
3,297 | 1,581 | 3,248 | |||||||||
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Income from discontinued operations, before provision for income taxes |
28,371 | 1,642 | 53,902 | |||||||||
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Provision for income taxes |
1,374 | 1,011 | 4,012 | |||||||||
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Income from discontinued operations, net of income taxes |
26,997 | 631 | 49,890 | |||||||||
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Less: Income (loss) from discontinued operations attributable to non-controlling interests |
24,688 | (1,071 | ) | 44,245 | ||||||||
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Income from discontinued operations attributable to CBRE Group, Inc. |
$ | 2,309 | $ | 1,702 | $ | 5,645 | ||||||
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