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SEC Filings

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

Consolidated Operating Results
 
Three Months Ended September 30,
Change in
% Change in Local Currency
($ in millions)
2017
2016
U.S. dollars
Revenue
 
 
 
 
 

Leasing
$
468.5

448.7

19.8

4
 %
4
 %
Capital Markets & Hotels
276.3

240.9

35.4

15

13

Capital Markets & Hotels Fee Revenue
269.2

238.0

31.2

13

12

Property & Facility Management
601.1

503.0

98.1

20

19

Property & Facility Management Fee Revenue
433.3

383.6

49.7

13

13

Project & Development Services
333.7

294.0

39.7

14

11

Project & Development Services Fee Revenue
186.2

155.4

30.8

20

18

Advisory, Consulting and Other
165.3

138.3

27.0

20

18

Real Estate Services ("RES") revenue
$
1,844.9

1,624.9

220.0

14
 %
13
 %
LaSalle
102.1

80.3

21.8

27

28

Total revenue
$
1,947.0

1,705.2

241.8

14
 %
13
 %
Gross contract costs
(315.3
)
(258.0
)
(57.3
)
22

20

Net non-cash MSR and mortgage banking derivative activity
(7.1
)
(2.9
)
(4.2
)
n.m.

n.m.

Total fee revenue
$
1,624.6

1,444.3

180.3

12
 %
12
 %
RES fee revenue
$
1,522.5

1,364.0

158.5

12
 %
11
 %
Compensation, operating and administrative expenses excluding gross contract costs
1,468.4

1,322.3

146.1

11

10

Gross contract costs
315.3

258.0

57.3

22

20

Depreciation and amortization
41.8

35.9

5.9

16

16

Restructuring and acquisition charges
3.4

18.0

(14.6
)
(81
)
(82
)
Total operating expenses
$
1,828.9

1,634.2

194.7

12
 %
11
 %
Operating income
$
118.1

71.0

47.1

66
 %
65
 %
Equity earnings
$
12.6

5.5

7.1

n.m.

n.m.

Adjusted EBITDA
$
167.9

127.3

40.6

32
 %
31
 %
n.m. - not meaningful

31


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