JLL Files Q1 2024 Quarterly Report

Ticker: JLL · Form: 10-Q · Filed: May 6, 2024 · CIK: 1037976

Jones Lang Lasalle INC 10-Q Filing Summary
FieldDetail
CompanyJones Lang Lasalle INC (JLL)
Form Type10-Q
Filed DateMay 6, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, filing-compliance

Related Tickers: JLL

TL;DR

**JLL filed its Q1 2024 10-Q, confirming compliance with reporting rules.**

AI Summary

Jones Lang LaSalle Incorporated (JLL) filed its quarterly report for the period ending March 31, 2024. The company, incorporated in Maryland, is registered with the SEC under file number 1-13145 and trades its common stock on the New York Stock Exchange under the symbol JLL. The filing indicates JLL has met all its reporting requirements for the preceding 12 months and the past 90 days.

Why It Matters

This report provides investors with an update on Jones Lang LaSalle's financial performance and operational status for the first quarter of 2024.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not indicate any immediate or unusual risks.

Key Players & Entities

FAQ

What is the Commission File Number for Jones Lang LaSalle Incorporated?

The Commission File Number for Jones Lang LaSalle Incorporated is 1-13145.

On which stock exchange does JLL's common stock trade?

JLL's common stock trades on The New York Stock Exchange.

What is the par value of Jones Lang LaSalle Incorporated's common stock?

The par value of Jones Lang LaSalle Incorporated's common stock is $0.01.

Has Jones Lang LaSalle Incorporated filed all required reports for the preceding 12 months?

Yes, the filing indicates that Jones Lang LaSalle Incorporated has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

What is the principal executive office address for Jones Lang LaSalle Incorporated?

The principal executive office address for Jones Lang LaSalle Incorporated is 200 East Randolph Drive, Chicago, IL 60601.

Filing Stats: 4,663 words · 19 min read · ~16 pages · Grade level 7.8 · Accepted 2024-05-06 14:03:20

Key Financial Figures

Filing Documents

Financial Information

Part I Financial Information

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements: 3 Balance Sheets as of March 31, 202 4 and December 31, 202 3 3 4 5 6 Notes to Condensed Consolidated Financial Statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 39

Controls and Procedures

Item 4. Controls and Procedures 39

Other Information

Part II Other Information

Legal Proceedings

Item 1. Legal Proceedings 40

Risk Factors

Item 1A. Risk Factors 40

Exhibits

Item 6. Exhibits 41 Signature 42 2 Table of Contents

Financial Information

Part I. Financial Information

Financial Statements

Item 1. Financial Statements JONES LANG LASALLE INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except share and per share data) March 31, 2024 December 31, 2023 Assets (unaudited) Current assets: Cash and cash equivalents $ 396.7 410.0 Trade receivables, net of allowance of $ 75.7 and $ 70.7 1,915.2 2,095.8 Notes and other receivables 441.2 446.4 Reimbursable receivables 2,326.8 2,321.7 Warehouse receivables 322.4 677.4 Short-term contract assets, net of allowance of $ 1.5 and $ 1.6 322.2 338.3 Prepaid and other 590.6 567.4 Total current assets 6,315.1 6,857.0 Property and equipment, net of accumulated depreciation of $ 1,058.4 and $ 1,039.1 600.1 613.9 Operating lease right-of-use assets 744.0 730.9 Goodwill 4,569.1 4,587.4 Identified intangibles, net of accumulated amortization of $ 590.6 and $ 563.0 762.6 785.0 Investments, including $ 743.8 and $ 740.8 at fair value 816.2 816.6 Long-term receivables 353.3 363.8 Deferred tax assets, net 490.2 497.4 Deferred compensation plan 627.1 604.3 Other 204.7 208.5 Total assets $ 15,482.4 16,064.8 Liabilities and Equity Current liabilities: Accounts payable and accrued liabilities $ 1,232.8 1,406.7 Reimbursable payables 1,612.0 1,796.9 Accrued compensation and benefits 1,092.9 1,698.3 Short-term borrowings 124.6 147.9 Short-term contract liabilities and deferred income 219.0 226.4 Warehouse facilities 322.2 662.7 Short-term operating lease liabilities 158.1 161.9 Other 337.5 345.3 Total current liabilities 5,099.1 6,446.1 Credit facility, net of debt issuance costs of $ 13.6 and $ 14.4 1,381.4 610.6 Long-term debt, net of debt issuance costs of $ 7.7 and $ 8.1 770.2 779.3 Deferred tax liabilities, net 45.3 44.8 Deferred compensation 594.2 580.0 Long-term operating lease liabilities 758.9 754.5 Other 425.7 439.6 Total liabilities 9,074.8 9,654.9 Company shareholders' equity: Common stock, $ 0.01 par value per share, 100,000,000 shares authorized; 52,12

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