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SEC Filings

S-3ASR
JONES LANG LASALLE INC filed this Form S-3ASR on 11/07/2017
Entire Document
 

EXHIBIT 12.1

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Nine Months Ended September 30,

 

Year Ended December 31,

 

($ in millions)

 

2017

 

2016

 

2016

 

2015

 

2014

 

2013

 

2012

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

 

$

175.8

 

152.7

 

$

318.2

 

438.7

 

386.1

 

269.8

 

208.1

 

Provision for income taxes

 

57.3

 

55.3

 

108.0

 

132.8

 

97.6

 

92.1

 

69.2

 

Equity earnings from real estate ventures

 

(14.8

)

(13.5

)

(17.2

)

(56.4

)

(41.1

)

(26.2

)

(21.9

)

Operating distributions from real estate ventures

 

24.2

 

24.4

 

30.9

 

51.2

 

19.5

 

13.7

 

10.6

 

Fixed charges

 

91.8

 

72.8

 

102.4

 

78.5

 

77.9

 

80.6

 

81.6

 

Total Earnings

 

$

334.3

 

291.7

 

$

542.3

 

644.8

 

540.0

 

430.0

 

347.6

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

39.5

 

28.3

 

$

40.1

 

27.4

 

27.3

 

32.5

 

33.4

 

Amortization of debt issuance costs

 

3.7

 

4.0

 

5.6

 

4.1

 

3.6

 

4.4

 

4.4

 

Applicable portion of rent expense (1)

 

48.6

 

40.5

 

56.7

 

47.0

 

47.0

 

43.7

 

43.8

 

Total Fixed Charges

 

$

91.8

 

72.8

 

$

102.4

 

78.5

 

77.9

 

80.6

 

81.6

 

Ratio of Earnings to Fixed Charges

 

3.64

 

4.01

 

5.30

 

8.21

 

6.93

 

5.33

 

4.26

 

 


(1) Represents one-third of rent expense, which we believe approximates the portion of rent expense that relates to interest.

 




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