Print Page     Close Window     

SEC Filings

S-1/A
JONES LANG LASALLE INC filed this Form S-1/A on 07/11/1997
Entire Document
 
<PAGE>
 
  The following unaudited tables summarize the revenue, operating expenses and
operating income by segment, and the percentage of segment revenue represented
by such items, for the years ended December 31, 1994, 1995 and 1996 and for the
three months ended March 31, 1996 and 1997.
 

<TABLE>
<CAPTION>
                                                                              THREE MONTHS ENDED MARCH
                                    YEAR ENDED DECEMBER 31,                              31,
                          -------------------------------------------------  -------------------------------
                               1994             1995             1996            1996             1997
                          ---------------  ---------------  ---------------  --------------   --------------
                                                   (DOLLARS IN THOUSANDS)
<S>                       <C>       <C>    <C>       <C>    <C>       <C>    <C>      <C>     <C>      <C>
MANAGEMENT SERVICES:
 Segment revenue:
 Property management
  fees..................  $ 32,465   61.7% $ 34,017   53.8% $ 37,465   52.1% $ 7,774   64.2%    8,666   60.0%
 Leasing fees...........     9,747   18.5    13,951   22.2    14,819   20.6      443    3.7     1,173    8.1
 Facility management
  fees..................     6,222   11.8    10,477   16.6    13,639   19.0    2,698   22.3     3,417   23.7
 Development management
  fees..................     3,557    6.8     3,125    4.9     5,465    7.6    1,038    8.6     1,115    7.7
 Intersegment sales.....       160    0.3     1,370    2.2       200    0.3      100    0.8        25    0.2
 Other income...........       466    0.9       212    0.3       281    0.4       60    0.4        47    0.3
                          --------  -----  --------  -----  --------  -----  -------  -----   -------  -----
                          $ 52,617  100.0% $ 63,152  100.0% $ 71,869  100.0% $12,113  100.0%  $14,443  100.0%
 Operating Expenses:
 Compensation, benefits,
  other operating and
  administrative........    46,267   87.9    50,859   80.5    59,486   82.8   13,392  110.6    15,849  109.7
 Depreciation and
  amortization..........     1,076    2.0     1,202    1.9     1,651    2.3      337    2.8       512    3.5
                          --------  -----  --------  -----  --------  -----  -------  -----   -------  -----
 Operating income
  (loss)................  $  5,274   10.1% $ 11,091   17.6% $ 10,732   14.9% $(1,616) (13.3%)  (1,918) (13.3%)
                          ========  =====  ========  =====  ========  =====  =======  =====   =======  =====
CORPORATE AND FINANCIAL
 SERVICES:
 Segment revenue:
 Tenant representation
  fees..................  $ 19,359   55.2% $ 23,037   61.8% $ 31,200   66.8% $ 2,881   73.7%  $ 3,409   68.6%
 Investment banking
  fees..................     9,432   26.9     6,908   18.5     6,664   14.3      293    7.5       612   12.3
 Land fees..............     4,300   12.2     3,675    9.8     4,938   10.6      298    7.6       707   14.2
 Construction
  operations, net.......     1,284    3.7     1,358    3.6     1,271    2.7      311    7.9       205    4.1
 Equity in earnings from
  unconsolidated
  ventures..............       476    1.4     2,171    5.9     1,380    3.0       89    2.3       --     0.0
 Intersegment sales.....                                       1,000    2.1      --     0.0       --     0.0
 Other income...........       233    0.6       154    0.4       253    0.5       40    1.0        33    0.7
                          --------  -----  --------  -----  --------  -----  -------  -----   -------  -----
                          $ 35,084  100.0% $ 37,303  100.0% $ 46,706  100.0% $ 3,912  100.0%  $ 4,966  100.0%
 Operating expenses:
 Compensation, benefits,
  other operating and
  administrative........    27,463   78.3    28,604   76.7    34,831   74.6    7,038  179.9     8,764  176.5
 Depreciation and
  amortization..........       845    2.4       890    2.4     1,055    2.3      218    5.6       218    4.4
                          --------  -----  --------  -----  --------  -----  -------  -----   -------  -----
 Operating income
  (loss)................  $  6,776   19.3% $  7,809   20.9% $ 10,820   23.1% $(3,344) (85.5%) $(4,016) (80.9%)
                          ========  =====  ========  =====  ========  =====  =======  =====   =======  =====
INVESTMENT MANAGEMENT:
 Segment revenue:
 Advisory fees..........  $ 35,734   90.7% $ 45,117   85.5% $ 53,618   91.5% $11,004   96.9%  $14,640   88.0%
 Acquisition fees.......     2,944    7.5     6,411   12.2     2,939    5.0      305    2.7       505    3.0
 Equity in earnings from
  unconsolidated
  ventures..............       548    1.4       959    1.8     1,840    3.2      --     0.0     1,394    8.4
 Other income...........       151    0.4       255    0.5       195    0.3       51    0.4        96    0.6
                          --------  -----  --------  -----  --------  -----  -------  -----   -------  -----
                          $ 39,377  100.0% $ 52,742  100.0% $ 58,592  100.0% $11,360  100.0%  $16,635  100.0%
 Operating expenses:
 Compensation, benefits,
  other operating and
  administrative........    32,482   82.5    49,378   93.6    50,533   86.2   11,049   97.3    12,929   77.7
 Depreciation and
  amortization..........       930    2.4     2,148    4.1     2,710    4.6      556    4.9     1,044    6.3
                          --------  -----  --------  -----  --------  -----  -------  -----   -------  -----
 Operating income
  (loss)................  $  5,965   15.1% $  1,216    2.3% $  5,349    9.2% $  (245)  (2.2%) $ 2,662   16.0%
                          ========  =====  ========  =====  ========  =====  =======  =====   =======  =====
Total segment revenue...  $127,078         $153,197         $177,167         $27,385          $36,044
Intersegment revenue
 eliminations...........      (160)          (1,370)          (1,200)           (100)             (25)
                          --------         --------         --------         -------          -------
 Total revenue..........  $126,918         $151,827         $175,967         $27,285          $36,019
                          ========         ========         ========         =======          =======
Total segment operating
 expenses...............  $109,063         $133,081         $150,266         $32,590          $39,316
Intersegment operating
 expenses...............      (160)          (1,370)          (1,200)           (100)             (25)
                          --------         --------         --------         -------          -------
 Total operating
  expenses..............  $108,903         $131,711         $149,066         $32,490          $39,291
                          ========         ========         ========         =======          =======
 Total operating income
  (loss)................  $ 18,015         $ 20,116         $ 26,901         $(5,205)         $(3,272)
                          ========         ========         ========         =======          =======
</TABLE>

 
                                       29


© Copyright Jones Lang LaSalle, IP, Inc.