Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 69

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 69
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BITDA - Real Estate Management Services$102.2 94.5 $275.1 254.5 Adjusted EBITDA - Leasing Advisory136.9 131.7 354.3 318.6 Adjusted EBITDA - Capital Markets Services89.9 65.7 193.2 124.5 Adjusted EBITDA - Investment Management23.7 14.0 55.8 57.7 Adjusted EBITDA - Software and Technology Solutions(1.1)(5.6)(15.2)(19.5)Adjusted EBITDA - All Other(4.3)(2.2)0.6 (4.3)Adjusted EBITDA - Consolidated$347.3 298.1 $863.8 731.5 Adjustments:Restructuring and acquisition charges$(11.7)8.8 $(52.7)(4.4)Interest on employee loans, net of forgiveness1.5 1.8 5.1 4.1 Equity earnings (losses) - Investment Management and Proptech Investments(1)26.6 (2.2)(29.1)(23.4)Credit losses on convertible note investments(2.2)(6.3)(2.9)(6.3)Net non-cash MSR and mortgage banking derivative activity(0.2)(5.1)(17.3)(25.9)Interest expense, net of interest income(29.2)(38.1)(89.1)(110.3)Income tax provision(52.6)(37.4)(93.3)(73.8)Depreciation and amortization(1)(56.7)(64.5)(194.1)(185.9)Net income attributable to common shareholders$222.8 155.1 $390.4 305.6 (1) This adjustment excludes the noncontrolling interest portion which is not attributable to common shareholders.

14

5.BUSINESS COMBINATIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

Business Combinations Activity

The following table details cash payments relating to acquisitions. Payments for current-year acquisitions are included in cash used in investing activities, while payments for prior-year acquisitions are primarily reflected in cash used in financing activities.Nine Months Ended September 30,(in millions)20252024Payments relating to current-year acquisitions$6.1 40