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 BALANCE SHEETS
                                 (IN THOUSANDS)
 

<TABLE>   
<CAPTION>
                                                    DECEMBER 31,
                                                  ------------------   MARCH 31,
                     ASSETS                         1995      1996       1997
                     ------                       --------  --------  -----------
                                                                      (UNAUDITED)
<S>                                               <C>       <C>       <C>
Current assets:
  Cash and cash equivalents.....................  $  8,322  $  7,207   $  8,094
  Trade receivables, net of allowances..........    71,677    87,283     52,052
  Other receivables.............................     2,035     3,005      4,116
  Prepaid expenses..............................     1,016     1,228      1,115
                                                  --------  --------   --------
    Total current assets........................    83,050    98,723     65,377
Property and equipment, at cost, less
 accumulated depreciation of $22,900, $23,310
 and $24,295 in 1995, 1996 and 1997,
 respectively (note 2)..........................    10,132    14,549     14,409
Intangibles resulting from business acquisitions
 (note 3).......................................     8,351    23,735     22,647
Investments in real estate ventures (note 6)....     7,386    13,687     15,752
Long-term receivables, net of allowances........     5,296     5,052      4,878
Other assets, net...............................       786       868      1,012
                                                  --------  --------   --------
                                                  $115,001  $156,614   $124,075
                                                  ========  ========   ========
<CAPTION>
       LIABILITIES AND PARTNERS' CAPITAL
       ---------------------------------
<S>                                               <C>       <C>       <C>
Current liabilities:
  Accounts payable and accrued liabilities......  $ 31,160  $ 34,228   $ 19,059
  Accrued compensation (note 9).................    24,872    26,016      6,143
  Borrowings under short-term credit facility
   (note 7).....................................       --      6,500     16,800
  Current maturities of long-term debt (note 7).     1,308     9,064      9,332
                                                  --------  --------   --------
    Total current liabilities...................    57,340    75,808     51,334
Long-term debt (note 7):
  Subordinated loans, less current maturities...    37,213    34,106     34,106
  Long-term credit facility, less current
   maturities...................................     3,592    21,445     22,977
                                                  --------  --------   --------
    Total long-term debt........................    40,805    55,551     57,083
Other long-term liabilities.....................     1,859     1,008      1,008
Commitments and contingencies (notes 4, 6, 8 and
 11)
                                                  --------  --------   --------
    Total liabilities...........................   100,004   132,367    109,425
Partners' capital:
  General partners..............................   (49,627)  (45,097)   (50,161)
  Limited partners..............................    64,624    68,245     64,195
  Effect of cumulative translation adjustments .       --      1,099        616
                                                  --------  --------   --------
    Total partners' capital.....................    14,997    24,247     14,650
                                                  --------  --------   --------
                                                  $115,001  $156,614   $124,075
                                                  ========  ========   ========
</TABLE>
    
 
            See accompanying notes to combined financial statements.
 
                                      F-3


© Copyright Jones Lang LaSalle, IP, Inc.