Print Page     Close Window     

SEC Filings

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

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
(in millions)
2017
 
2016
 
2017
 
2016
ASIA PACIFIC
 
 
 
 
 
 
 
Revenue
$
413.0

 
$
331.1

 
$
1,095.4

 
$
916.9

Gross contract costs1
(103.3
)
 
(59.2
)
 
(272.5
)
 
(183.4
)
Total fee revenue
309.7

 
271.9

 
822.9

 
733.5

 
 
 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
 
 
Compensation, operating and administrative expenses
383.6

 
309.3

 
1,033.7

 
869.0

Depreciation and amortization
5.2

 
4.2

 
15.7

 
12.4

Total segment operating expenses
388.8

 
313.5

 
1,049.4

 
881.4

Gross contract costs1
(103.3
)
 
(59.2
)
 
(272.5
)
 
(183.4
)
Total fee-based segment operating expenses
285.5

 
254.3

 
776.9

 
698.0

 
 
 
 
 
 
 
 
Segment operating income
$
24.2

 
$
17.6

 
$
46.0

 
$
35.5

Equity earnings
0.9

 
0.5

 
2.3

 
0.5

Total segment income
$
25.1

 
$
18.1

 
$
48.3

 
$
36.0

 
 
 
 
 
 
 
 
Adjusted operating income1
$
24.8

 
$
18.2

 
$
47.8

 
$
36.8

 
 
 
 
 
 
 
 
Adjusted EBITDA1
$
30.3

 
$
22.3

 
$
64.0

 
$
48.5

 
 
 
 
 
 
 
 
LASALLE INVESTMENT MANAGEMENT
 
 
 
 
 
 
 
Revenue
$
102.1

 
$
80.3

 
$
263.1

 
$
307.8

 
 
 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
 
 
Compensation, operating and administrative expenses
79.6

 
71.1

 
216.6

 
236.8

Depreciation and amortization
0.8

 
0.8

 
2.2

 
2.1

Total segment operating expenses
80.4

 
71.9

 
218.8

 
238.9

 
 
 
 
 
 
 
 
Segment operating income
$
21.7

 
$
8.4

 
$
44.3

 
$
68.9

Equity earnings
11.6

 
4.9

 
29.9

 
26.5

Total segment income
$
33.3

 
$
13.3

 
$
74.2

 
$
95.4

 
 
 
 
 
 
 
 
Adjusted operating income1
$
21.6

 
$
8.4

 
$
44.3

 
$
68.9

 
 
 
 
 
 
 
 
Adjusted EBITDA1
$
33.3

 
$
14.1

 
$
75.5

 
$
96.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SEGMENT RECONCILING ITEMS
 
 
 
 
 
 
 
Total fee revenue
$
1,624.6

 
$
1,444.3

 
$
4,517.2

 
$
3,907.8

Gross contracts costs1
315.3

 
258.0

 
868.6

 
735.5

Net non-cash MSR and mortgage banking derivative activity1
7.1

 
2.9

 
11.1

 
2.3

Total revenue
$
1,947.0

 
$
1,705.2

 
$
5,396.9

 
$
4,645.6

Total segment operating expenses before restructuring and acquisition charges
1,825.5

 
1,616.2

 
5,138.9

 
4,395.4

Total segment operating income
$
121.5

 
$
89.0

 
$
258.0

 
$
250.2

Restructuring and acquisition charges5
3.4

 
18.0

 
13.3

 
35.9

Operating income
$
118.1

 
$
71.0

 
$
244.7

 
$
214.3

 
 
 
 
 
 
 
 
Please reference attached financial statement notes.

15


© Copyright Jones Lang LaSalle, IP, Inc.