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SEC Filings

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

JONES LANG LASALLE INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions, except share and per share data) (unaudited)
Three Months Ended September 30,
 
Nine Months Ended September 30,
2017
2016
 
2017
2016
Revenue
$
1,947.0

1,705.2

 
$
5,396.9

4,645.6

Operating expenses:
 

 

 
 

 

Compensation and benefits
1,132.3

1,012.0

 
3,146.6

2,750.4

Operating, administrative and other
651.4

568.3

 
1,870.0

1,546.5

Depreciation and amortization
41.8

35.9

 
122.3

98.5

Restructuring and acquisition charges
3.4

18.0

 
13.3

35.9

Total operating expenses
1,828.9

1,634.2

 
5,152.2

4,431.3

Operating income
118.1

71.0

 
244.7

214.3

Interest expense, net of interest income
15.0

12.4

 
42.6

32.2

Equity earnings from real estate ventures
12.6

5.5

 
32.7

27.7

Other income


 

13.3

Income before income taxes and noncontrolling interest
115.7

64.1

 
234.8

223.1

Provision for income taxes
28.2

15.9

 
57.3

55.3

Net income
87.5

48.2

 
177.5

167.8

Net income attributable to noncontrolling interest
0.9

0.2

 
1.7

15.1

Net income attributable to the Company
86.6

48.0

 
175.8

152.7

Dividends on unvested common stock, net of tax benefit


 
0.2

0.2

Net income attributable to common shareholders
$
86.6

48.0

 
$
175.6

152.5

Basic earnings per common share
$
1.91

1.06

 
$
3.88

3.38

Basic weighted average shares outstanding (in 000's)
45,349

45,188

 
45,299

45,135

Diluted earnings per common share
$
1.89

1.05

 
$
3.84

3.35

Diluted weighted average shares outstanding (in 000s)
45,814

45,612

 
45,729

45,515

Dividends declared per share
$


 
$
0.35

0.31

Net income attributable to the Company
$
86.6

48.0

 
$
175.8

152.7

Change in pension liabilities, net of tax
1.2


 
2.0


Foreign currency translation adjustments
45.6

(15.0
)
 
174.7

(50.9
)
Comprehensive income attributable to the Company
$
133.4

33.0

 
$
352.5

101.8

See accompanying notes to Condensed Consolidated Financial Statements.

4


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