Attached files
| file | filename |
|---|---|
| 10-K - 10-K - JONES LANG LASALLE INC | jll10kq42017.htm |
| EX-21.1 - EXHIBIT 21.1 - JONES LANG LASALLE INC | exhibit211-jll201710kq4.htm |
| EX-32.1 - EXHIBIT 32.1 - JONES LANG LASALLE INC | exhibit321-jll201710kq4.htm |
| EX-23.1 - EXHIBIT 23.1 - JONES LANG LASALLE INC | exhibit231-jll201710kq4.htm |
| EX-31.1 - EXHIBIT 31.1 - JONES LANG LASALLE INC | exhibit311-jll201710kq4.htm |
| EX-31.2 - EXHIBIT 31.2 - JONES LANG LASALLE INC | exhibit312-jll201710kq4.htm |
EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges | |||||||||||
Year Ended December 31, | |||||||||||
($ in millions) | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||
Earnings: | |||||||||||
Net income attributable to the Company | $ | 254.2 | 318.2 | 438.7 | 386.1 | 269.8 | |||||
Provision for income taxes | 267.8 | 108.0 | 132.8 | 97.6 | 92.1 | ||||||
Equity earnings from real estate ventures | (16.3 | ) | (17.2 | ) | (56.4 | ) | (41.1 | ) | (26.2 | ) | |
Operating distributions from real estate ventures | 30.3 | 30.9 | 51.2 | 19.5 | 13.7 | ||||||
Fixed charges | 123.6 | 102.4 | 78.5 | 77.9 | 80.6 | ||||||
Total Earnings | $ | 659.6 | 542.3 | 644.8 | 540.0 | 430.0 | |||||
Fixed Charges: | |||||||||||
Interest expense | $ | 52.9 | 40.1 | 27.4 | 27.3 | 32.5 | |||||
Amortization of debt issuance costs | 5.0 | 5.6 | 4.1 | 3.6 | 4.4 | ||||||
Applicable portion of rent expense (1) | 65.7 | 56.7 | 47.0 | 47.0 | 43.7 | ||||||
Total Fixed Charges | $ | 123.6 | 102.4 | 78.5 | 77.9 | 80.6 | |||||
Ratio of Earnings to Fixed Charges | 5.34 | 5.30 | 8.21 | 6.93 | 5.33 | ||||||
(1) Represents one-third of rent expense, which we believe approximates the portion of rent expense that relates to interest.