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SEC Filings

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

Part I. Financial Information
Item 1. Financial Statements
JONES LANG LASALLE INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
 
September 30,
December 31,
(in millions, except share and per share data) (unaudited)
2017
2016
Assets
 
 
Current assets:
 
 
Cash and cash equivalents
$
277.9

258.5

Trade receivables, net of allowances of $51.8 and $37.1
1,779.1

1,870.6

Notes and other receivables
346.4

326.7

Warehouse receivables
337.8

600.8

Prepaid expenses
96.1

81.7

Other
149.0

161.4

Total current assets
2,986.3

3,299.7

Property and equipment, net of accumulated depreciation of $544.0 and $488.0
516.6

501.0

Goodwill
2,701.3

2,579.3

Identified intangibles, net of accumulated amortization of $159.0 and $180.6
307.4

295.0

Investments in real estate ventures, including $234.2 and $212.7 at fair value
372.5

355.4

Long-term receivables
168.6

176.4

Deferred tax assets, net
190.9

180.9

Deferred compensation plan
218.5

173.0

Other
92.2

68.7

Total assets
$
7,554.3

7,629.4

Liabilities and Equity
 

 

Current liabilities:
 

 

Accounts payable and accrued liabilities
$
793.6

846.2

Accrued compensation
930.8

1,064.7

Short-term borrowings
64.2

89.5

Deferred income
179.3

129.8

Deferred business acquisition obligations
33.5

28.6

Short-term earn-out liabilities
33.2

23.8

Warehouse facilities
331.9

580.1

Other
215.9

203.6

Total current liabilities
2,582.4

2,966.3

Credit facility, net of debt issuance costs of $16.4 and $19.6
433.6

905.4

Long-term debt, net of debt issuance costs of $4.5 and $2.3
684.2

272.7

Deferred tax liabilities, net
24.4

21.5

Deferred compensation
232.3

201.1

Deferred business acquisition obligations
54.3

73.8

Long-term earn-out liabilities
190.3

205.8

Other
177.5

161.3

Total liabilities
4,379.0

4,807.9

Redeemable noncontrolling interest
3.9

6.8

Company shareholders' equity:
 

 

Common stock, $0.01 par value per share, 100,000,000 shares authorized; 45,361,956 and 45,213,832 shares issued and outstanding
0.5

0.5

Additional paid-in capital
1,032.0

1,013.3

Retained earnings
2,491.4

2,333.0

Shares held in trust
(5.8
)
(6.0
)
Accumulated other comprehensive loss
(374.4
)
(551.1
)
Total Company shareholders’ equity
3,143.7

2,789.7

Noncontrolling interest
27.7

25.0

Total equity
3,171.4

2,814.7

Total liabilities and equity
$
7,554.3

7,629.4

See accompanying notes to Condensed Consolidated Financial Statements.

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