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>
 
RESULTS OF OPERATIONS
 
  The following unaudited table sets forth for the periods indicated the
percentage of total revenue represented by certain items reflected in the
Company's historical statement of earnings.
 

<TABLE>
<CAPTION>
                                                                   THREE
                                                                  MONTHS
                                              YEAR ENDED        ENDED MARCH
                                             DECEMBER 31,           31,
                                           -------------------  -------------
                                           1994   1995   1996   1996    1997
                                           -----  -----  -----  -----   -----
<S>                                        <C>    <C>    <C>    <C>     <C>
Revenue:
  Management Services.....................  41.3%  40.7%  40.7%  44.0%   40.0%
  Corporate and Financial Services........  27.7   24.6   26.0   14.4    13.8
  Investment Management...................  31.0   34.7   33.3   41.6    46.2
                                           -----  -----  -----  -----   -----
    Total revenue......................... 100.0% 100.0% 100.0% 100.0%  100.0%
Operating expenses:
  Compensation and benefits...............  61.6%  60.1%  59.5%  85.5%   75.6%
  Other operating and administrative......  22.0   23.9   22.2   29.5    28.6
  Depreciation and amortization...........   2.2    2.8    3.0    4.1     4.9
                                           -----  -----  -----  -----   -----
    Total operating expenses..............  85.8%  86.8%  84.7% 119.1%  109.1%
  Operating income (loss).................  14.2%  13.2%  15.3% (19.1)%  (9.1)%
Interest expense..........................   4.1    2.5    3.3    3.4     4.7
                                           -----  -----  -----  -----   -----
    Earnings (loss) before provision
     (benefit) for income taxes...........  10.1%  10.7%  12.0% (22.5)% (13.8)%
Net provision (benefit) for income taxes..   0.4    0.3    0.7   (1.3)   (0.7)
                                           -----  -----  -----  -----   -----
Net earnings (loss).......................   9.7%  10.4%  11.3% (21.2)% (13.1)%
                                           =====  =====  =====  =====   =====
</TABLE>

 
                                      29


© Copyright Jones Lang LaSalle, IP, Inc.