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SEC Filings

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

Americas - Real Estate Services
 
 
 
 
 
% Change
 
Three Months Ended September 30,
Change in
in Local
($ in millions)
2017
2016
U.S. dollars
Currency
Leasing
$
345.1

335.3

9.8

3
 %
3
 %
Capital Markets & Hotels
114.6

112.5

2.1

2

2

Capital Markets & Hotels Fee Revenue
107.5

109.6

(2.1
)
(2
)
(2
)
Property & Facility Management
181.3

184.1

(2.8
)
(2
)
(2
)
Property & Facility Management Fee Revenue
144.9

142.2

2.7

2

2

Project & Development Services
97.8

96.8

1.0

1

1

Project & Development Services Fee Revenue
93.8

86.1

7.7

9

8

Advisory, Consulting and Other
57.9

42.4

15.5

37

37

Total revenue
$
796.7

771.1

25.6

3
 %
3
 %
Gross contract costs
(40.4
)
(52.6
)
12.2

(23
)
(23
)
Net non-cash MSR and mortgage banking derivative activity
(7.1
)
(2.9
)
(4.2
)
n.m.

n.m.

Total fee revenue
$
749.2

715.6

33.6

5
 %
5
 %
Compensation, operating and administrative expenses excluding gross contract costs
658.7

633.4

25.3

4

4

Gross contract costs
40.4

52.6

(12.2
)
(23
)
(23
)
Depreciation and amortization
24.2

21.3

2.9

14

14

Total operating expenses
$
723.3

707.3

16.0

2
 %
2
 %
Operating income
$
73.4

63.8

9.6

15
 %
15
 %
Equity earnings
$
0.1

0.1


 %
100
 %
Adjusted EBITDA
$
90.5

82.2

8.3

10
 %
10
 %
n.m. - not meaningful

38


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