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SEC Filings

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

In discussing our operating results, we report Adjusted EBITDA margins and refer to percentage changes in local currency, unless otherwise noted. Amounts presented on a local currency basis are calculated by translating the current period results of our foreign operations to U.S. dollars using the foreign currency exchange rates from the comparative period. We believe this methodology provides a framework for assessing performance and operations excluding the effect of foreign currency fluctuations. The following table reflects the reconciliation to local currency amounts for consolidated (i) Revenue, (ii) fee revenue, (iii) Operating income, and (iv) Adjusted EBITDA.
 
Three Months Ended September 30,
Nine Months Ended September 30,
($ in millions)
2017
% Change
2017
% Change
Revenue:
 
 
 
 
At current period exchange rates
$
1,947.0

14
%
$
5,396.9

16
%
Impact of change in exchange rates
(15.5
)
n/a

85.6

n/a

At comparative period exchange rates
$
1,931.5

13
%
$
5,482.5

18
%
 
 
 
 
 
Fee Revenue:
 
 
 
 
At current period exchange rates
$
1,624.6

12
%
$
4,517.2

16
%
Impact of change in exchange rates
(9.6
)
n/a

67.5

n/a

At comparative period exchange rates
$
1,615.0

12
%
$
4,584.7

17
%
 
 
 
 
 
Operating Income:
 
 
 
 
At current period exchange rates
$
118.1

66
%
$
244.7

14
%
Impact of change in exchange rates
(0.7
)
n/a

(7.7
)
n/a

At comparative period exchange rates
$
117.4

65
%
$
237.0

11
%
 
 
 
 
 
Adjusted EBITDA:
 
 
 
 
At current period exchange rates
$
167.9

32
%
$
400.0

7
%
Impact of change in exchange rates
(1.0
)
n/a

(5.5
)
n/a

At comparative period exchange rates
$
166.9

31
%
$
394.5

6
%

35


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