JONES LANG LASALLE INC
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
JLL$380.07+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows for the
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) (unaudited) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $692.3 | 390.4 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 171.7 | 196.9 |
| Equity (earnings) losses | (26.2) | 25.6 |
| Distributions of earnings from investments | 22.6 | 18.0 |
| Provision for loss on receivables and other assets | 30.0 | 37.2 |
| Amortization of stock-based compensation | 112.3 | 88.4 |
| Net non-cash mortgage servicing rights and mortgage banking derivative activity | 5.5 | 17.3 |
| Accretion of interest and amortization of debt issuance costs | 4.0 | 4.8 |
| Other, net | 3.4 | 4.8 |
| Change in: | ||
| Receivables | (43.6) | 160.9 |
| Reimbursable receivables and reimbursable payables | (293.9) | (128.2) |
| Prepaid expenses and other assets | (17.7) | (39.7) |
| Income taxes receivable, payable and deferred | (57.4) | (124.4) |
| Accounts payable, accrued liabilities and other liabilities | 73.4 | (24.6) |
| Accrued compensation (including net deferred compensation) | (333.6) | (445.1) |
| Net cash provided by operating activities | 342.8 | 182.3 |
| Cash flows from investing activities: | ||
| Net capital additions – property and equipment | (168.6) | (138.4) |
| Business acquisitions, net of cash acquired | (18.7) | (6.1) |
| Business dispositions, net of cash disposed | 12.9 | — |
| Capital contributions to investments | (109.6) | (148.3) |
| Distributions of capital from investments | 34.1 | 42.1 |
| Other, net | (4.5) | (0.9) |
| Net cash used in investing activities | (254.4) | (251.6) |
| Cash flows from financing activities: | ||
| Proceeds from borrowings under credit facility | 5,274.0 | 10,340.0 |
| Repayments of borrowings under credit facility | (5,027.0) | (10,254.0) |
| Proceeds from issuance of commercial paper | 3,155.0 | 2,495.0 |
| Repayments of commercial paper | (3,041.6) | (2,306.0) |
| Net proceeds from (repayments of) short-term borrowings | 121.0 | (14.0) |
| Payments of deferred business acquisition obligations and earn-outs | (22.0) | (12.1) |
| Repurchase of common stock | (548.6) | (130.2) |
| Other, net | (90.1) | (45.9) |
| Net cash (used in) provided by financing activities | (179.3) | 72.8 |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | (22.2) | 31.2 |
| Net change in cash, cash equivalents and restricted cash | (113.1) | 34.7 |
| Cash, cash equivalents and restricted cash, beginning of the period | 898.9 | 652.7 |
| Cash, cash equivalents and restricted cash, end of the period | $785.8 | 687.4 |
| Supplemental disclosure of cash flow information: | ||
| Restricted cash, beginning of the period | $299.8 | 236.5 |
| Restricted cash, end of the period | 271.5 | 258.5 |
| Cash paid during the period for: | ||
| Interest | $59.7 | 85.1 |
| Income taxes, net of refunds | 231.3 | 203.4 |
| Operating leases | 151.3 | 150.9 |
| Non-cash activities: | ||
| Business acquisitions (including contingent consideration) | $— | 0.2 |
| Deferred business acquisition obligations | — | 0.9 |
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