Company: JLL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001037976-25-000025
Chunk: 8

Company: JONES LANG LASALLE INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 8
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 — — — — (37.7)— (37.7)Decrease in amounts due to noncontrolling interest— — — — — — — (1.5)(1.5)March 31, 202447,497,345 $0.5 1,975.8 5,857.6 (10.3)(901.2)(628.9)114.1 $6,407.6 

(1) AOCI: Accumulated other comprehensive income (loss)

(2) NCI: Noncontrolling interest

See accompanying notes to Consolidated Financial Statements.

5

JONES LANG LASALLE INCORPORATED

CONSOLIDATED STATEMENTS OF CASH FLOWSThree Months Ended March 31,(in millions) (unaudited)20252024Cash flows from operating activities:  Net income$57.5 65.6 Reconciliation of net income to net cash used in operating activities: Depreciation and amortization71.6 61.0 Equity losses25.6 3.7 Distributions of earnings from investments1.6 3.2 Provision for loss on receivables and other assets9.4 9.9 Amortization of stock-based compensation22.0 11.2 Net non-cash mortgage servicing rights and mortgage banking derivative activity12.9 9.0 Accretion of interest and amortization of debt issuance costs1.7 1.4 Other, net6.9 (8.6)Change in: Receivables163.5 156.2 Reimbursable receivables and reimbursable payables(271.8)(193.4)Prepaid expenses and other assets(24.0)(18.7)Income taxes receivable, payable and deferred(22.7)(24.4)Accounts payable, accrued liabilities and other liabilities(171.3)(154.5)Accrued compensation (including net deferred compensation)(650.5)(599.1)Net cash used in operating activities(767.6)(677.5)Cash flows from investing activities: Net capital additions – property and equipment(44.5)(43.2)Capital contributions to investments(112.9)(17.4)Distributions of capital from investments4.9 5.7 Other