Jones Lang LaSalle Incorporated Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
January 28, 2014 at 04:15 pm
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Jones Lang LaSalle Incorporated reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenue of USD 1,509.418 million compared to USD 1,248.704 million a year ago. Operating income was USD 195.799 million compared to USD 150.898 million a year ago. Income before income taxes and non-controlling interest was USD 197.895 million compared to USD 141.919 million a year ago. Net income was USD 147.523 million compared to USD 107.262 million a year ago. Net income attributable to the company was USD 147.322 million compared to USD 107.072 million a year ago. Net income attributable to common shareholders was USD 147.154 million compared to USD 106.831 million a year ago Diluted earnings per common share were USD 3.26 compared to USD 2.38 a year ago. EBITDA was USD 226.867 million compared to USD 172.356 million a year ago. Adjusted EBITDA was USD 101.025 million compared to USD 85.910 million a year ago. GAAP diluted earnings per share were USD 3.26 compared to USD 2.38 a year ago. Adjusted diluted earnings per share were USD 3.33 compared to USD 2.60 a year ago. Adjusted net income for the fourth quarter increased 28% to USD 150 million from the fourth quarter of 2012.
For the year, the company reported revenue of USD 4,461.591 million compared to USD 3,932.830 million a year ago. Operating income was USD 368.819 million compared to USD 289.403 million a year ago. Income before income taxes and non-controlling interest was USD 365.444 million compared to USD 278.087 million a year ago. Net income was USD 273.352 million compared to USD 208.843 million a year ago. Net income attributable to the company was USD 269.865 million compared to USD 208.050 million a year ago. Net income attributable to common shareholders was USD 269.456 million compared to USD 207.556 million a year ago Diluted earnings per common share were USD 5.98 compared to USD 4.63 a year ago. EBITDA was USD 480.015 million compared to USD 392.070 million a year ago. Adjusted EBITDA was USD 229.276 million compared to USD 209.428 million a year ago. Cash provided by operating activities were USD 293.167 million compared to USD 327.698 million a year ago. GAAP diluted earnings per share were USD 5.98 compared to USD 4.63 a year ago. Adjusted diluted earnings per share were USD 6.32 compared to USD 5.48 a year ago. Total net debt was USD 437 million, making this the second consecutive year that the firm has reduced net debt by more than USD 100 million. Adjusted net income was USD 285 million, up 16% from last year.
Jones Lang LaSalle Incorporated is a commercial real estate and investment management company. The Company operates through five segments: Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies and LaSalle. Markets Advisory segment offers local expertise across the globe, covering a comprehensive range of services across asset types. It aggregates such services into three categories: Leasing, Property Management, and Advisory, Consulting and Other. Capital Markets segment provides full-service capital solutions, including Debt advisory, Loan sales, Equity advisory, Loan servicing, and Investment sales and advisory. Work Dynamics segment offers a single, cohesive service delivery team. JLL Technologies segment offers professional services, including program and project management, implementation and support, managed services, and advisory/consulting services. LaSalle segment invests institutional and individual capital in real estate assets and securities.
JONES LANG LASALLE INCORPORATED 
