Print Page     Close Window     

SEC Filings

8-K
JONES LANG LASALLE INC filed this Form 8-K on 11/06/2017
Entire Document
 

JONES LANG LASALLE INCORPORATED
Consolidated Statements of Operations
(Unaudited)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
(in millions, except share and per share data)
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 charges5
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 (loss) 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 000's)
45,814

 
45,612

 
45,729

 
45,515

 
 
 
 
 
 
 
 
EBITDA attributable to common shareholders1
$
171.6

 
$
112.2

 
$
397.8

 
$
338.5

 
 
 
 
 
 
 
 
Please reference attached financial statement notes.


13


© Copyright Jones Lang LaSalle, IP, Inc.