Print Page     Close Window     

SEC Filings

S-1/A
JONES LANG LASALLE INC filed this Form S-1/A on 07/03/1997
Entire Document
 
<PAGE>
 
- --------
   
(1) As adjusted to give effect to the merger of Galbreath with the Company,
    the Incorporation Transactions and the sale of the shares of Common Stock
    offered by the Company hereby at an assumed initial public offering price
    of $20.00 per share and the receipt and application of the net proceeds
    therefrom to retire debt, as though they had occurred on January 1, 1996.
    See "Use of Proceeds," "Background of the Company" and "Incorporation
    Transactions."     
   
(2) Pro forma as adjusted supplemental primary and fully diluted earnings
    (loss) per share is based upon 15,869,337 shares of Common Stock
    outstanding, which includes the 12,200,000 shares of Common Stock to be
    issued in connection with the Incorporation Transactions and gives effect
    to 3,669,337 of the 4,000,000 shares of Common Stock to be issued in the
    Offering, the proceeds of which will be used to repay indebtedness. The
    Company will have 16,200,000 shares of Common Stock outstanding upon
    completion of the Offering. See "Use of Proceeds."     
   
(3) EBITDA represents earnings before interest, income taxes, depreciation and
    amortization, thereby removing the effect of certain non-cash charges on
    income, such as the amortization of intangible assets relating to
    acquisitions. Management believes that EBITDA is useful to investors
    because it is widely used in the real estate industry as a recognized
    measure of operating performance, cash generation and ability to service
    debt and is also used by analysts who report publicly on the performance
    of real estate services companies. However, EBITDA should not be
    considered as an alternative either to: (i) net earnings (determined in
    accordance with GAAP); (ii) operating cash flow (determined in accordance
    with GAAP); or (iii) liquidity. There can be no assurance that the
    Company's calculation of EBITDA is comparable to similarly titled items
    reported by other companies.     
(4) Investments under management represents the aggregate fair market value or
    cost basis of assets managed by the Investment Management group as of the
    end of the periods shown. The percentage of investments under management
    stated at cost represented 3% in 1992 and 1993, 7% in 1994 and 1995, and
    8% in 1996 and 1997 of the amounts shown.
(5) Represents the total square footage of properties for which the Company
    provided facility management services as of the end of the periods shown.
(6) Represents the total square footage of properties for which the Company
    provided property management and leasing or facility management services
    as of the end of the periods shown.
   
(7)  As adjusted to give effect to the merger of Galbreath with the Company,
     the Incorporation Transactions and the sale of the shares of Common Stock
     offered by the Company hereby at an assumed initial public offering price
     of $20.00 per share and the receipt and application of the net proceeds
     therefrom to retire debt, as though they had occurred on March 31, 1997.
     See "Use of Proceeds," "Background of the Company" and "Incorporation
     Transactions."     
(8) See Note 7 to Notes to the Predecessor Partnerships' Combined Financial
    Statements.
 
                                      22


© Copyright Jones Lang LaSalle, IP, Inc.