Jones Lang LaSalle Incorporated JLL Cash Flow

Jones lang lasalle incorporated (JLL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows used for operating activities:
Net income
17,600	276,100	129,300	111,300	21,200	203,200	136,100	109,800	42,600	77,700	99,200	94,900	7,700	178,100	48,200	94,400	25,200	198,400	113,200	91,400	43,300	194,756	104,737	72,362	16,145	147,523	63,116	49,451	13,262	107,262	49,682	37,730	14,169	85,025	33,900	45,088	1,599	84,744	37,230	32,051	414
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,186	22,023	22,780	22,411	20,857	19,742	20,175	19,079	20,100	19,089	19,962	19,659	22,332	22,835	19,350	18,315	18,584	17,743	17,533	17,713
Equity in earnings from real estate ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,355	19,552	12,490	8,903	10,211	6,574	9,076	5,482	1,357	10,698	-46	11,848	3,703	514	4,139	-1,971	-22,316	19,861	-2,797	-6,127
(Gain) loss on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,161	61	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions of earnings from real estate ventures
3,600	9,000	5,900	3,100	3,000	29,300	11,100	6,500	12,600	6,100	7,100	5,300	11,800	6,500	6,400	11,600	6,400	10,000	30,900	8,600	1,700	3,717	6,156	9,138	489	2,907	4,553	2,560	3,652	2,645	6,423	261	1,312	38	517	38	0	0	38	75	75
Provision for loss on receivables and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,415	4,236	1,076	5,303	-3,090	960	5,771	5,074	-3,966	-823	6,382	4,993	816	-78	5,281	4,254	-1,940	879	6,081	2,061
Amortization of deferred compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,280	4,745	4,942	6,233	4,555	5,073	5,542	7,533	6,095	6,143	6,676	13,362	9,853	5,897	8,219	10,033	14,115	7,400	8,058	11,657
Accretion of interest and amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,057	1,148	1,561	1,134	2,187	1,819	1,946	1,885	6,258	3,845	3,830	3,811	4,289	4,712	5,462	5,040	6,455	5,732	6,161	6,060
Other adjustments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,900	-	12,800	8,700	29,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustment, net
132,200	-183,800	61,300	70,400	37,500	-131,400	53,600	31,000	29,700	-143,100	33,800	37,000	51,600	-91,300	51,200	466,500	-406,400	360,200	39,800	12,200	-409,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in working capital, net
699,500	-	-35,100	116,400	613,200	-	-66,800	156,600	343,500	-	-176,200	-35,800	282,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	893	920	907	907	1,177	1,176	1,177	1,142	1,078	1,077	1,078	1,077	1,078	1,114	1,115	1,115	1,544	1,544	1,544
Change in:
Receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	175,130	118,854	55,684	-85,668	205,679	88,994	20,342	-47,465	138,795	21,873	34,812	-104,985	174,292	7,772	10,756	-2,200	30,144	32,460	43,610	-51,970
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,600	31,174	6,572	24,654	-4,326	24,703	8,764	15,873	-8,372	11,389	3,522	27,447	-9,074	5,133	3,933	-3,312	46,667	-36,319	13,526	994
Deferred tax assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,823	-10,839	-16,101	-21,683	-3,562	-16,841	-158	-7,497	18,732	-12,166	-2,091	8,125	38,676	-13,689	-3,743	-11,974	-21,932	23,992	-2,223	-5,294
Excess tax benefit from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,802	1,617	1,942	158	2,873	274	274	-115	254	2,223	961	475	12,492	-76	5,108	11,384	-6,290	128	582
Accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	415,769	210,030	63,694	-387,693	427,033	154,479	11,588	-386,451	302,472	103,517	36,006	-311,110	337,155	38,498	-8,676	-251,884	244,835	103,701	46,710	-247,671
Net cash used in operating activities
-546,100	735,300	231,600	68,400	-551,500	604,400	267,600	-9,300	-258,600	521,000	316,300	173,000	-211,600	374,500	130,900	54,100	-336,900	394,000	196,700	120,900	-335,800	456,544	189,364	116,211	-263,219	395,108	144,685	56,898	-301,456	291,611	156,906	73,504	-196,122	252,513	95,137	60,867	-197,179	276,198	188,435	65,969	-146,332
Cash flows used in investing activities:
Net capital additions - property and equipment
44,400	56,700	47,300	39,200	44,600	51,800	39,100	29,400	41,600	53,300	34,900	31,600	31,600	76,800	59,600	46,500	33,300	60,200	42,200	26,200	19,200	29,010	36,046	34,380	33,264	55,489	24,983	17,524	12,688	39,921	22,351	20,660	11,826	35,636	19,707	19,025	17,170	-	-	-	-
Net investment activity (less than wholly-owned)
3,200	-	-	-	15,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of investment properties (less than wholly-owned)
-	-	-	-	-	-	0	-7,100	17,700	-	0	0	0	36,100	29,300	0	34,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,139	9,180	4,478
Proceeds from Sales of Assets
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-140	1,340	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business acquisitions, net of cash acquired
0	12,100	760,900	1,600	26,700	69,600	20,500	2,500	8,700	0	200	1,900	16,600	65,300	325,600	16,500	76,500	288,700	61,200	38,000	3,700	14,039	3,997	10,991	9,173	3,012	9,219	43,997	1,316	1,516	11,810	9,432	4,948	17,786	11,474	210,152	12,375	12,404	1,627	1,282	8,937
Payments to Acquire Interest in Joint Venture
54,000	72,100	30,000	24,600	11,000	20,500	17,700	11,900	8,700	13,100	5,200	12,300	9,500	-	-	-	60,300	6,800	8,500	13,100	19,200	22,183	15,632	14,440	4,145	2,848	20,507	1,740	12,122	11,156	83,578	4,706	6,882	5,343	53,727	4,092	7,865	5,165	14,743	3,408	10,537
Proceeds from Real Estate and Real Estate Joint Ventures
13,400	89,400	4,600	12,200	7,600	11,500	12,900	11,400	16,100	19,800	3,000	11,700	10,200	-	-	-	22,800	8,300	20,600	6,100	14,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale, Maturity and Collection of Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,697	15,243	7,285	6,933	3,271	12,076	5,349	36,898	8,080	25,049	7,507	5,612	6,672	6,929	5,823	10,842	1,279	2,547	168
Other, net
2,300	-7,500	-29,600	-6,100	700	-900	-900	-1,600	-600	-100	800	100	2,200	41,000	2,300	-44,400	2,600	-	0	100	-6,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-90,500	-55,600	-852,400	-50,700	-91,000	-133,200	-63,500	-23,700	-60,000	-48,800	-38,100	-34,200	-49,700	-188,100	-418,300	-14,800	-184,300	-400,100	-92,200	-71,300	-21,000	-76,397	-27,638	-44,568	-39,297	-52,053	-49,398	-41,984	-20,777	-15,695	-109,659	-9,749	-16,149	-53,153	-78,236	-226,340	-31,587	-31,539	-24,230	-11,323	-23,784
Cash flows provided by financing activities:
Proceeds from borrowings under credit facility
2,555,000	1,159,000	2,160,000	1,266,000	1,279,000	634,000	731,000	855,000	925,000	594,000	622,000	699,000	1,157,000	615,000	837,000	629,000	1,064,000	784,000	434,000	324,000	631,000	350,000	307,000	397,000	610,000	339,045	436,755	542,926	639,065	317,458	377,677	407,507	587,500	285,837	413,651	660,785	190,317	198,015	198,948	268,569	495,270
Repayments of borrowings under credit facility
1,630,000	1,759,000	1,534,900	1,291,000	754,100	874,000	906,000	765,000	600,000	1,044,000	847,000	1,199,000	907,000	776,000	562,000	573,200	544,800	745,500	518,500	330,300	294,900	624,229	448,617	425,251	329,703	640,000	486,000	521,000	332,500	719,000	413,500	429,508	454,992	378,600	282,000	492,100	96,000	254,000	248,499	318,501	312,000
Proceeds from Short-term debt.
6,600	-	-	-	86,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for Contingent Consideration Liability, Financing Activities
9,800	37,500	13,200	2,100	24,500	9,300	21,500	15,500	10,800	5,800	18,000	13,100	10,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for deferred acquisition obligations and earn-out obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,000	28,500	2,100	3,000	7,300	37,600	3,900	1,678	1,190	35,080	1,352	1,990	38,244	30,452	1,796	112,069	0	31,699	0	1,577	150,037	0	12,602	4,353	78,193	5,657	17,595
Acquisition of redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,119	0	0	495	946	0	0	0	-	-	-	-	-	-	-	-
Shares repurchased for payment of employee taxes on stock awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	361	11,310	228	4,101	197	12,951	36	1,093	97	7,634	24	3,901	40	21,035	76	9,083	111	13,431	50	5,856
Excess tax adjustment from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,802	1,617	1,942	158	2,873	274	274	-115	254	2,223	961	475	12,492	-76	5,108	224	4,870	128	582
Common stock issued under compensation plans including tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,876	376	1,715	133	193	136	837	89	215	387	3,008	95	59	238	833	80	327	211	696	172
Payments for Repurchase of Common Stock
25,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,013	1,106	1,069	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other loan proceeds, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,980	14,297	6,000	0	-5,060	0	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest (distributions) contributions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	2,700	-20,600	25,600	9,600	-4,300	-3,900	-2,900	1,980	3,469	5,951	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-13,500	1,400	52,600	2,000	6,100	8,900	-5,000	-30,600	27,600	26,100	-6,700	900	-23,000	41,200	40,100	-55,300	-2,400	-2,300	700	2,300	-15,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
883,300	-610,000	647,100	-45,300	592,800	-313,800	-210,700	41,400	341,800	-458,100	-249,700	-132,600	216,900	-142,900	301,800	-62,800	540,300	31,400	-95,400	-57,800	313,400	-285,769	-145,483	-61,895	290,147	-307,965	-97,434	-26,533	303,544	-251,286	-37,016	-50,102	129,663	-100,577	-26,845	160,137	77,820	-64,479	-147,482	-59,372	160,573
Effect of currency exchange rate on Cash and Cash Equivalents
-21,100	8,600	-11,300	1,200	700	1,000	-6,500	-16,400	2,000	1,900	2,400	4,900	4,100	-8,800	300	-3,200	4,700	-2,200	-6,600	700	-8,500	-6,520	-4,383	812	-209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
225,600	78,300	15,000	-26,400	-49,000	158,400	-13,100	-8,000	25,200	16,000	30,900	11,100	-40,300	34,700	14,700	-26,700	23,800	23,100	2,500	-7,500	-51,900	87,858	11,860	10,560	-12,578	33,022	-2,147	-11,619	-18,689	26,429	10,231	13,653	-82,608	98,783	-9,944	-5,336	-150,946	180,180	16,723	-4,726	-9,543
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities
9,300	-	-	-	4,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for:
Interest
-	-	-	-	-	-	-	13,600	7,100	14,000	8,700	16,900	8,000	10,500	7,800	12,100	4,400	9,400	2,300	8,600	1,400	7,890	22,090	-8,750	-1,030	37,010	-3,730	-8,610	-1,820	-6,400	-2,900	-3,620	-2,560	-1,210	-3,460	-3,170	-2,100	3,010	5,270	5,130	3,840
Income taxes, net of refunds
44,400	62,000	98,600	82,700	37,500	45,400	57,400	16,500	34,100	32,100	42,200	39,600	30,800	31,800	36,700	43,800	31,300	58,000	26,900	35,800	34,900	23,335	113,636	-30,157	-18,314	147,247	-19,918	-24,278	-18,100	-25,899	-16,437	-16,242	-17,352	-11,754	-26,618	-14,589	-12,627	18,282	11,151	8,114	1,552
Operating Lease, Payments
47,100	43,500	44,400	42,200	41,100	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash activities
Business acquisitions, including contingent consideration
0	3,400	841,200	0	1,500	8,900	1,000	0	1,700	0	800	1,100	9,600	12,800	43,300	14,900	32,300	68,200	23,500	4,100	9,300	6,179	2,937	1,184	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental acquisition fees and costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,439	0	-1,059	136,928	0	-141,619	-1,907	-	-	-	-
Capital Leases
-	-	-	-	-	-	-	-	-	-	-	-	-	1,900	2,200	1,400	4,300	1,500	800	1,800	2,600	1,452	1,504	10,674	7,570	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred business acquisition obligations
0	10,500	0	0	6,500	2,000	1,900	0	0	0	0	0	1,800	9,600	23,700	5,900	23,500	8,900	9,100	4,600	500	9,588	3,000	8,912	0	2,283	9,912	-12,059	13,059	32,450	2,541	0	1,290	134,799	11,699	2,032	991	-	-	-	-