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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 CASH FLOWS
 
Nine Months Ended September 30,
(in millions) (unaudited)
2017
2016
Cash flows provided by (used in) operating activities:
 
 
Net income
$
177.5

167.8

Adjustments to reconcile net income to net cash used in operating activities:
 

 

Distributions of earnings from real estate ventures
24.2

24.4

Other adjustments, net
122.5

111.3

Changes in working capital, net
(28.5
)
(455.4
)
Net cash provided by (used in) operating activities
295.7

(151.9
)
Cash flows used in investing activities:
 

 

Net capital additions – property and equipment
(98.1
)
(139.4
)
Acquisition of investment properties (less than wholly-owned)

(63.7
)
Business acquisitions, net of cash acquired
(18.7
)
(418.6
)
Capital contributions to real estate ventures
(27.0
)
(78.5
)
Distributions of capital from real estate ventures
24.9

43.3

Other, net
(0.8
)
39.5

Net cash used in investing activities
(119.7
)
(617.4
)
Cash flows provided by (used in) financing activities:
 

 

Proceeds from issuance of senior notes
395.7


Proceeds from borrowings under credit facility
2,478.0

2,530.0

Repayments of borrowings under credit facility
(2,953.0
)
(1,680.0
)
Payments of deferred business acquisition obligations and earn-outs
(41.2
)
(46.6
)
Payment of dividends
(16.1
)
(14.2
)
Noncontrolling interest contributions, net
0.7

7.7

Other, net
(29.5
)
(17.6
)
Net cash (used in) provided by financing activities
(165.4
)
779.3

Effect of currency exchange rate changes on cash and cash equivalents
8.8

1.8

Net change in cash and cash equivalents
19.4

11.8

Cash and cash equivalents, beginning of the period
258.5

216.6

Cash and cash equivalents, end of the period
$
277.9

228.4

Supplemental disclosure of cash flow information:
 

 

Cash paid during the period for:
 

 

Interest
$
33.6

24.3

Income taxes, net of refunds
112.6

111.8

Non-cash investing activities:
 

 

Business acquisitions, including contingent consideration
$
11.5

90.5

Capital leases
2.2

7.9

Non-cash financing activities:
 
 
Deferred business acquisition obligations
$
1.8

53.1

See accompanying notes to Condensed Consolidated Financial Statements.

6


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