Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 9

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 9
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 OF CASH FLOWSNine Months Ended September 30,(in millions) (unaudited)20252024Cash flows from operating activities:  Net income$390.4 304.9 Reconciliation of net income to net cash provided by (used in) operating activities: Depreciation and amortization196.9 188.8 Equity losses25.6 20.0 Distributions of earnings from investments18.0 10.7 Provision for loss on receivables and other assets37.2 34.7 Amortization of stock-based compensation88.4 78.9 Net non-cash mortgage servicing rights and mortgage banking derivative activity17.3 25.9 Accretion of interest and amortization of debt issuance costs4.8 4.1 Other, net4.8 (5.2)Change in: Receivables160.9 59.7 Reimbursable receivables and reimbursable payables(128.2)(160.0)Prepaid expenses and other assets(39.7)(105.0)Income taxes receivable, payable and deferred(124.4)(172.0)Accounts payable, accrued liabilities and other liabilities(24.6)(100.1)Accrued compensation (including net deferred compensation)(445.1)(327.4)Net cash provided by (used in) operating activities182.3 (142.0)Cash flows from investing activities: Net capital additions – property and equipment(138.4)(126.3)Business acquisitions, net of cash acquired(6.1)(40.8)Capital contributions to investments(148.3)(69.2)Distributions of capital from investments42.1 14.3 Acquisition of controlling interest, net of cash acquired— 3.7 Other, net(0.9)(0.7)Net cash used in investing activities(251.6)(219.0)Cash flows from financing activities: Proceeds from borrowings under credit facility10,340.0 6,029.0 Repayments of borrowings under credit facility(10,254.0)(6,309.0)Proceeds from issuance of commercial paper2,495.0 800.0 Repayments of commercial paper(2,306.0)— Net repayments of short-term borrowings(14.0)(73.