Company: JLL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001037976-25-000025
Chunk: 9

Company: JONES LANG LASALLE INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 9
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, net(0.3)0.6 Net cash used in investing activities(152.8)(54.3)Cash flows from financing activities: Proceeds from borrowings under credit facility2,232.0 2,760.0 Repayments of borrowings under credit facility(1,912.0)(1,990.0)Proceeds from issuance of commercial paper1,000.0 — Repayments of commercial paper(300.0)— Net repayments of short-term borrowings(67.2)(18.7)Payments of deferred business acquisition obligations and earn-outs(0.6)(3.1)Repurchase of common stock(19.7)(20.0)Noncontrolling interest distributions, net(2.9)(1.5)Other, net(28.9)(23.3)Net cash provided by financing activities900.7 703.4 Effect of currency exchange rate changes on cash, cash equivalents and restricted cash11.7 (9.7)Net change in cash, cash equivalents and restricted cash(8.0)(38.1)Cash, cash equivalents and restricted cash, beginning of the period652.7 663.4 Cash, cash equivalents and restricted cash, end of the period$644.7 625.3 Supplemental disclosure of cash flow information: Restricted cash, beginning of period$236.5 253.4 Restricted cash, end of period212.3 228.6 Cash paid during the period for: Interest$19.3 22.9 Income taxes, net of refunds31.0 41.3 Operating leases48.7 48.7 See accompanying notes to Consolidated Financial Statements.

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JONES LANG LASALLE INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1.INTERIM INFORMATION

Readers of this quarterly report should refer to the audited financial statements of Jones Lang LaSalle Incorporated ("JLL," which may also be referred to as "the Company," "we," "us" or "our") for the year ended December 31, 2024, which are included in our 2024 Annual Report on Form 10-K, filed with the United States Securities and Exchange Commission ("SEC") and also available on our website (www.jll.com), since we have omitted from this quarterly report certain footnote disclosures which would substantially duplicate those contained