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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 (continued)
 
Nine Months Ended September 30,
Change in
% Change in Local Currency
($ in millions)
2017
2016
U.S. dollars
Revenue
 
 
 
 
 

Leasing
$
1,319.3

1,183.9

135.4

11
 %
12
 %
Capital Markets & Hotels
702.2

630.6

71.6

11

13

Capital Markets & Hotels Fee Revenue
691.1

628.3

62.8

10

12

Property & Facility Management
1,716.0

1,299.2

416.8

32

36

Property & Facility Management Fee Revenue
1,267.1

964.8

302.3

31

35

Project & Development Services
935.0

843.4

91.6

11

12

Project & Development Services Fee Revenue
515.3

442.3

73.0

17

17

Advisory, Consulting and Other
461.3

380.7

80.6

21

23

Real Estate Services ("RES") revenue
$
5,133.8

4,337.8

796.0

18
 %
20
 %
LaSalle
263.1

307.8

(44.7
)
(15
)
(13
)
Total revenue
$
5,396.9

4,645.6

751.3

16
 %
18
 %
Gross contract costs
(868.6
)
(735.5
)
(133.1
)
18

21

Net non-cash MSR and mortgage banking derivative activity
(11.1
)
(2.3
)
(8.8
)
n.m.

n.m.

Total fee revenue
$
4,517.2

3,907.8

609.4

16
 %
17
 %
RES fee revenue
$
4,254.1

3,600.0

654.1

18
 %
20
 %
Compensation, operating and administrative expenses excluding gross contract costs
4,148.0

3,561.4

586.6

16

19

Gross contract costs
868.6

735.5

133.1

18

21

Depreciation and amortization
122.3

98.5

23.8

24

26

Restructuring and acquisition charges
13.3

35.9

(22.6
)
(63
)
(62
)
Total operating expenses
$
5,152.2

4,431.3

720.9

16
 %
18
 %
Operating income
$
244.7

214.3

30.4

14
 %
11
 %
Equity earnings
$
32.7

27.7

5.0

18
 %
18
 %
Adjusted EBITDA
$
400.0

372.1

27.9

7
 %
6
 %
n.m. - not meaningful

32


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