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>
 
                     LA SALLE PARTNERS LIMITED PARTNERSHIP
                                AND SUBSIDIARIES
 
                LA SALLE PARTNERS MANAGEMENT LIMITED PARTNERSHIP
                                AND SUBSIDIARIES
 
                        COMBINED STATEMENTS OF EARNINGS
                                 (IN THOUSANDS)
 

<TABLE>   
<CAPTION>
                                                                THREE MONTHS
                                     YEARS ENDED DECEMBER 31,  ENDED MARCH 31,
                                    -------------------------- ----------------
                                      1994     1995     1996    1996     1997
                                    -------- -------- -------- -------  -------
                                                                 (UNAUDITED)
<S>                                 <C>      <C>      <C>      <C>      <C>
Revenue:
  Fee based services (note 5).....  $123,243 $146,282 $170,709 $26,734  $34,244
  Equity in earnings from
   unconsolidated ventures (note
   6).............................     1,024    3,130    3,220      89    1,394
  Construction operations, net
   (note 4).......................     1,284    1,358    1,271     311      205
  Other income....................     1,367    1,057      767     151      176
                                    -------- -------- -------- -------  -------
    Total revenue.................   126,918  151,827  175,967  27,285   36,019
Operating expenses:
  Compensation and benefits (note
   9).............................    78,108   91,183  104,673  23,327   27,217
  Other operating and
   administrative.................    27,944   36,288   38,977   8,052   10,300
  Depreciation and amortization
   (note 2).......................     2,851    4,240    5,416   1,111    1,774
                                    -------- -------- -------- -------  -------
    Total operating expenses......   108,903  131,711  149,066  32,490   39,291
                                    -------- -------- -------- -------  -------
  Operating income (loss).........    18,015   20,116   26,901  (5,205)  (3,272)
Interest expense (note 7).........     5,159    3,806    5,730     937    1,695
                                    -------- -------- -------- -------  -------
  Earnings (loss) before provision
   for income taxes...............    12,856   16,310   21,171  (6,142)  (4,967)
Net provision (benefit) for income
 taxes (note 2)...................       554      505    1,207    (350)    (248)
                                    -------- -------- -------- -------  -------
Net earnings (loss)...............  $ 12,302 $ 15,805 $ 19,964 $(5,792) $(4,719)
                                    ======== ======== ======== =======  =======
Net earnings (loss) attributable
 to:
  General partners................  $  8,400 $  8,782 $ 11,093 $(3,219) $(2,622)
  Limited partners................     3,902    7,023    8,871  (2,573)  (2,097)
                                    -------- -------- -------- -------  -------
Net earnings (loss)...............  $ 12,302 $ 15,805 $ 19,964 $(5,792) $(4,719)
                                    ======== ======== ======== =======  =======
</TABLE>
    
 
 
            See accompanying notes to combined financial statements.
 
                                      F-4


© Copyright Jones Lang LaSalle, IP, Inc.