Jones Lang LaSalle Incorporated (JLL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -755M | 1B | 623.9M | 332.8M | -767.6M | 927.3M | 261.6M | 273.9M | -677.5M | 729.4M | 325.7M | 237M | -716.3M | 601.8M | 137.5M | 177M | -716.4M | 762.1M | 456.4M | 215.7M |
| Operating CF Margin % | -11.82% | 13.21% | 9.58% | 5.32% | -13.36% | 13.61% | 4.46% | 4.87% | -13.22% | 12.4% | 6.37% | 4.69% | -15.19% | 10.74% | 2.66% | 3.35% | -14.92% | 12.82% | 9.33% | 4.8% |
| Operating CF Growth % | 1.64% | 8.38% | 138.49% | 21.5% | -13.3% | 27.13% | -19.68% | 15.57% | 5.42% | 21.2% | 136.87% | 33.9% | 0.01% | -21.03% | -69.87% | -17.94% | -55.13% | 1.4% | 11.92% | -56.98% |
| Net Income | -64.9M | 401.4M | 222.8M | 110.5M | 57.5M | 241.9M | 154.4M | 84.4M | 66.1M | 172.4M | 59.7M | 2.5M | -8.7M | 174.8M | 138.1M | 335.5M | 143.9M | 419.1M | 236.7M | 200M |
| Depreciation & Amortization | 21.8M | 55.9M | 57.6M | 67.7M | 71.6M | 67M | 65.5M | 62.3M | 61M | 61.9M | 59.1M | 59.9M | 57.5M | 62.6M | 55.7M | 55.4M | 54.4M | 57.2M | 52.8M | 54.5M |
| Stock-Based Compensation | 1.48B | 48.7M | 0 | 44M | 22M | 18.5M | 22.1M | 45.6M | 11.2M | 18.8M | 6.5M | 36.3M | 16.7M | 16.1M | 25.3M | 25.8M | 18.6M | 28.6M | 24M | 26.3M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18.4M | 0 | 0 | -4.3M | -119.3M | 0 | 0 | 0 | -400K | 0 | 0 |
| Other Non-Cash Items | -1.2B | 23.1M | 44.5M | 41.6M | 58.1M | 60.1M | 9.9M | -63.7M | -6.3M | 110M | 15.6M | 124.5M | 21.5M | 163.4M | 7.7M | -183.2M | 29.9M | -93.3M | -22.5M | -58.8M |
| Working Capital Changes | -996.8M | 475.9M | 299M | 69M | -976.8M | 539.8M | 9.7M | 145.3M | -809.5M | 384.7M | 184.8M | 13.8M | -799M | 304.2M | -89.3M | -56.5M | -963.2M | 350.9M | 165.4M | -6.3M |
| Change in Receivables | 121.5M | -177.6M | -11M | -101M | 140.8M | -95.6M | -55.2M | -41.3M | 156.2M | -151.8M | 18.3M | 22.9M | 158.5M | -383.7M | -114.3M | 64.6M | 76.2M | -402M | -150.5M | -83.9M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -76.8M | 0 | 0 | 0 | 0 | 165.4M | 0 | 0 | 271.3M | 0 | 0 |
| Change in Payables | -147.1M | 85.5M | 57.5M | 89.2M | -171.3M | 136.3M | 39.3M | 15.1M | -154.5M | 253M | 28.1M | -63.8M | -93.3M | -115.2M | -51.1M | -158.4M | -181.2M | -11.6M | -6M | -76.5M |
| Cash from Investing | -61.3M | -70M | -66.2M | -47.6M | -152.8M | -97.8M | -64.9M | -99.8M | -54.3M | -70M | -59.7M | -86.7M | -74M | -95.3M | -84.7M | 30.9M | -94M | -489.8M | -102.2M | -116M |
| Capital Expenditures | -64.9M | -77.2M | -49.5M | -44.4M | -44.5M | -59.2M | -44.9M | -38.2M | -43.2M | -49.2M | -49.5M | -38.9M | -49.3M | -69.8M | -49.1M | -40.3M | -46.6M | -64.3M | -41.8M | -35.2M |
| CapEx % of Revenue | 1.02% | 1.01% | 0.76% | 0.71% | 0.77% | 0.87% | 0.77% | 0.68% | 0.84% | 0.84% | 0.97% | 0.77% | 1.05% | 1.25% | 0.95% | 0.76% | 0.97% | 1.08% | 0.85% | 0.78% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 3.6M | 29M | 0 | 16M | 4.6M | -87.7M | 13M | -3.5M | 6.3M | 55.8M | 10.4M | 32M | 8.1M | -2.9M | 14.5M | 192.6M | 3.1M | 35M | 2.9M | -42.1M |
| Cash from Financing | 649.4M | -716.5M | -544.2M | -283.2M | 900.7M | -800.2M | -217.6M | -136.8M | 703.4M | -605.5M | -272.7M | -271.4M | 775.3M | -513.6M | -100.8M | -205.2M | 806.5M | -183.1M | -275.4M | -62M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -300M | -81.3M | -70.3M | -40.2M | -19.7M | -52.1M | -20M | -20.4M | -20M | -52.8M | -19.9M | -19.5M | 0 | -91.8M | -148.9M | -297.7M | -150M | -206.3M | -151.6M | -37.9M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -300M | -81.3M | -70.3M | -40.2M | -19.7M | -52.1M | -20M | -20.4M | -20M | -52.8M | -19.9M | -19.5M | 0 | -91.8M | -148.9M | -297.7M | -150M | -206.3M | -151.6M | -37.9M |
| Other Financing | -79M | -374.2M | -12.8M | -12.3M | -32.4M | 23.2M | -10M | 300K | -27.9M | 700K | -11.7M | -8.9M | -37.4M | 42.7M | -24M | -172.4M | 14.9M | 72.2M | -11.6M | -1.6M |
| Net Change in Cash | -179.6M | 200.9M | 27.5M | 25.8M | -8M | 3.1M | -8M | 32.3M | -38.1M | 69.8M | -20.1M | -121.8M | -10.5M | 17.2M | -74M | -28.2M | -10.6M | 85.5M | 71.2M | 40.4M |
| Free Cash Flow | -819.9M | 927.8M | 574.4M | 288.4M | -812.1M | 868.1M | 216.7M | 235.7M | -720.7M | 680.2M | 276.2M | 198.1M | -765.6M | 532M | 88.4M | 136.7M | -763M | 697.8M | 414.6M | 180.5M |
| FCF Margin % | -12.84% | 12.19% | 8.82% | 4.61% | -14.13% | 12.75% | 3.69% | 4.19% | -14.06% | 11.57% | 5.4% | 3.92% | -16.24% | 9.49% | 1.71% | 2.59% | -15.89% | 11.74% | 8.48% | 4.02% |
| FCF Growth % | -0.96% | 6.88% | 165.07% | 22.36% | -12.68% | 27.62% | -21.54% | 18.98% | 5.86% | 27.86% | 212.44% | 44.92% | -0.34% | -23.76% | -78.68% | -24.27% | -53.71% | -2.36% | 11.27% | -61.47% |
| FCF per Share | -17.15 | 19.26 | 11.88 | 5.97 | -16.79 | 17.89 | 4.47 | 4.88 | -14.93 | 14.08 | 5.71 | 4.10 | -16.10 | 11.02 | 1.82 | 2.75 | -14.97 | 13.52 | 7.98 | 3.45 |
| FCF Conversion (FCF/Net Income) | -4.75x | 2.50x | 2.80x | 2.96x | -13.88x | 3.84x | 1.69x | 3.25x | -10.25x | 4.23x | 5.46x | 94.80x | 77.86x | 3.44x | 0.98x | 0.91x | -4.92x | 1.81x | 1.92x | 1.08x |
| Interest Paid | 0 | -62.3M | 0 | 43M | 19.3M | 41.6M | 29.9M | 52.6M | 22.9M | 39.2M | 40.5M | 41.2M | 23.9M | 33.1M | 14.8M | 20.9M | 5.5M | 14.3M | 4.6M | 15.4M |
| Taxes Paid | 0 | -154.1M | 0 | 123.1M | 31M | 41.5M | 52.9M | 149.2M | 41.3M | 32.1M | 23.3M | 68.3M | 34.8M | 37.6M | 82.1M | 124.5M | 77.1M | 86.8M | 60.9M | 84.3M |