Print Page     Close Window     

SEC Filings

10-Q
JONES LANG LASALLE INC filed this Form 10-Q on 11/06/2017
Entire Document
 

Continued: Summarized financial information by business segment is as follows.
 
Three Months Ended September 30,
Nine Months Ended September 30,
(in millions)
2017
2016
2017
2016
Real Estate Services
 
 
 
 
Asia Pacific
 
 
 
 
Revenue
$
413.0

331.1

$
1,095.4

916.9

Gross contract costs
(103.3
)
(59.2
)
(272.5
)
(183.4
)
Total fee revenue
309.7

271.9

822.9

733.5

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
383.6

309.3

1,033.7

869.0

Depreciation and amortization
5.2

4.2

15.7

12.4

Total segment operating expenses
388.8

313.5

1,049.4

881.4

Gross contract costs
(103.3
)
(59.2
)
(272.5
)
(183.4
)
Total fee-based segment operating expenses
285.5

254.3

776.9

698.0

Segment operating income
$
24.2

17.6

$
46.0

35.5

Equity earnings
0.9

0.5

2.3

0.5

Total segment income
$
25.1

18.1

$
48.3

36.0

 
 
 
 
 
LaSalle
 

 

 

 

Revenue
$
102.1

80.3

$
263.1

307.8

Operating expenses:
 

 

 
 
Compensation, operating and administrative expenses
79.6

71.1

216.6

236.8

Depreciation and amortization
0.8

0.8

2.2

2.1

Total segment operating expenses
80.4

71.9

218.8

238.9

Segment operating income
$
21.7

8.4

$
44.3

68.9

Equity earnings
11.6

4.9

29.9

26.5

Total segment income
$
33.3

13.3

$
74.2

95.4

 
 
 
 
 
Segment Reconciling Items
 

 

 

 

Total fee revenue
$
1,624.6

1,444.3

$
4,517.2

3,907.8

Gross contract costs
315.3

258.0

868.6

735.5

Net non-cash MSR and mortgage banking derivative activity
7.1

2.9

11.1

2.3

Total revenue
$
1,947.0

1,705.2

$
5,396.9

4,645.6

Total segment operating expenses before restructuring and acquisition charges
1,825.5

1,616.2

5,138.9

4,395.4

Operating income before restructuring and acquisition charges
$
121.5

89.0

$
258.0

250.2

Restructuring and acquisition charges
3.4

18.0

13.3

35.9

Operating income
$
118.1

71.0

$
244.7

214.3


12


© Copyright Jones Lang LaSalle, IP, Inc.