Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - JONES LANG LASALLE INC | exhibit321-jll201510k.htm |
| EX-21.1 - EXHIBIT 21.1 - JONES LANG LASALLE INC | exhibit211-jll201510k.htm |
| EX-31.2 - EXHIBIT 31.2 - JONES LANG LASALLE INC | exhibit312-jll201510k.htm |
| EX-23.1 - EXHIBIT 23.1 - JONES LANG LASALLE INC | exhibit231-jll201510k.htm |
| EX-10.21 - EXHIBIT 10.21 - JONES LANG LASALLE INC | exhibit1021-jll201510k.htm |
| 10-K - 10-K - JONES LANG LASALLE INC | jll-20151231x10kq4.htm |
| EX-31.1 - EXHIBIT 31.1 - JONES LANG LASALLE INC | exhibit311-jll201510k.htm |
EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges | |||||||||||
Year Ended December 31, | |||||||||||
(in thousands) | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||
Earnings: | |||||||||||
Net income attributable to the Company | $ | 438,672 | 386,063 | 269,865 | 208,050 | 164,384 | |||||
Provision for income taxes | 132,805 | 97,588 | 92,092 | 69,244 | 56,387 | ||||||
Equity earnings from real estate ventures | (56,368 | ) | (41,142 | ) | (26,212 | ) | (21,885 | ) | (6,385 | ) | |
Operating distributions from real estate ventures | 51,215 | 19,521 | 13,672 | 10,641 | 593 | ||||||
Fixed charges | 78,501 | 77,955 | 80,608 | 81,569 | 75,237 | ||||||
Total Earnings | $ | 644,825 | 539,985 | 430,025 | 347,619 | 290,216 | |||||
Fixed Charges: | |||||||||||
Interest expense | $ | 27,356 | 27,338 | 32,441 | 33,349 | 33,756 | |||||
Amortization of debt issuance costs | 4,111 | 3,626 | 4,437 | 4,375 | — | ||||||
Applicable portion of rent expense (1) | 47,034 | 46,991 | 43,730 | 43,845 | 41,481 | ||||||
Total Fixed Charges | $ | 78,501 | 77,955 | 80,608 | 81,569 | 75,237 | |||||
Ratio of Earnings to Fixed Charges | 8.21 | 6.93 | 5.33 | 4.26 | 3.86 | ||||||
(1) Represents one-third of rent expense, which we believe approximates the portion of rent expense that relates to interest.