2020 Q2 Form 10-Q Financial Statement

#000103797620000036 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $3.670B $4.267B
YoY Change -13.97% 9.29%
Cost Of Revenue $1.842B $1.918B
YoY Change -3.98% 10.22%
Gross Profit $1.829B $2.348B
YoY Change -22.13% 8.55%
Gross Profit Margin 49.82% 55.04%
Selling, General & Admin $1.733B $2.127B
YoY Change -18.54% 7.51%
% of Gross Profit 94.76% 90.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.90M $45.50M
YoY Change 25.05% -1.73%
% of Gross Profit 3.11% 1.94%
Operating Expenses $3.660B $4.116B
YoY Change -11.1% 9.66%
Operating Profit $10.80M $150.1M
YoY Change -92.8% 0.2%
Interest Expense -$200.0K -$3.400M
YoY Change -94.12% -17.07%
% of Operating Profit -1.85% -2.27%
Other Income/Expense, Net $5.200M $800.0K
YoY Change 550.0% -52.94%
Pretax Income $15.80M $147.5M
YoY Change -89.29% 0.07%
Income Tax $1.500M $36.20M
% Of Pretax Income 9.49% 24.54%
Net Earnings $15.20M $110.7M
YoY Change -86.27% 2.5%
Net Earnings / Revenue 0.41% 2.59%
Basic Earnings Per Share $0.29 $2.42
Diluted Earnings Per Share $0.29 $2.40
COMMON SHARES
Basic Shares Outstanding 51.64M shares 45.75M shares
Diluted Shares Outstanding 52.17M shares 46.04M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $414.0M $411.0M
YoY Change 0.73% 40.27%
Cash & Equivalents $413.5M $411.2M
Short-Term Investments
Other Short-Term Assets $1.764B $1.772B
YoY Change -0.45% 7.2%
Inventory
Prepaid Expenses
Receivables $1.367B $1.726B
Other Receivables $1.250B $779.0M
Total Short-Term Assets $5.109B $5.030B
YoY Change 1.57% 12.54%
LONG-TERM ASSETS
Property, Plant & Equipment $675.7M $583.3M
YoY Change 15.84% 8.74%
Goodwill $4.121B $2.731B
YoY Change 50.91% 1.78%
Intangibles $652.9M $336.1M
YoY Change 94.26% 14.79%
Long-Term Investments $394.0M $376.0M
YoY Change 4.79% -1.05%
Other Assets $206.1M $198.9M
YoY Change 3.62% 27.58%
Total Long-Term Assets $7.702B $5.551B
YoY Change 38.75% 17.65%
TOTAL ASSETS
Total Short-Term Assets $5.109B $5.030B
Total Long-Term Assets $7.702B $5.551B
Total Assets $12.81B $10.58B
YoY Change 21.07% 15.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.045B $1.037B
YoY Change 0.77% 7.35%
Accrued Expenses $1.137B $1.193B
YoY Change -4.69% 22.48%
Deferred Revenue
YoY Change
Short-Term Debt $789.0M $118.7M
YoY Change 564.7% 27.09%
Long-Term Debt Due $115.0M $119.0M
YoY Change -3.36% 27.96%
Total Short-Term Liabilities $4.607B $4.171B
YoY Change 10.45% 8.82%
LONG-TERM LIABILITIES
Long-Term Debt $1.355B $1.156B
YoY Change 17.21% 7.34%
Other Long-Term Liabilities $513.7M $327.2M
YoY Change 57.0% -0.91%
Total Long-Term Liabilities $513.7M $327.2M
YoY Change 57.0% -0.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.607B $4.171B
Total Long-Term Liabilities $513.7M $327.2M
Total Liabilities $7.693B $6.697B
YoY Change 14.87% 17.05%
SHAREHOLDERS EQUITY
Retained Earnings $3.594B $3.208B
YoY Change 12.04% 15.45%
Common Stock $2.000B $1.070B
YoY Change 86.88% 2.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.40M
YoY Change
Treasury Stock Shares
Shareholders Equity $5.026B $3.822B
YoY Change
Total Liabilities & Shareholders Equity $12.81B $10.58B
YoY Change 21.07% 15.16%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $15.20M $110.7M
YoY Change -86.27% 2.5%
Depreciation, Depletion And Amortization $56.90M $45.50M
YoY Change 25.05% -1.73%
Cash From Operating Activities $501.4M $68.40M
YoY Change 633.04% -835.48%
INVESTING ACTIVITIES
Capital Expenditures -$32.90M -$39.20M
YoY Change -16.07% 33.33%
Acquisitions
YoY Change
Other Investing Activities $14.00M -$11.50M
YoY Change -221.74% -301.75%
Cash From Investing Activities -$18.90M -$50.70M
YoY Change -62.72% 113.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -769.2M -45.30M
YoY Change 1598.01% -209.42%
NET CHANGE
Cash From Operating Activities 501.4M 68.40M
Cash From Investing Activities -18.90M -50.70M
Cash From Financing Activities -769.2M -45.30M
Net Change In Cash -286.7M -27.60M
YoY Change 938.77% -428.57%
FREE CASH FLOW
Cash From Operating Activities $501.4M $68.40M
Capital Expenditures -$32.90M -$39.20M
Free Cash Flow $534.3M $107.6M
YoY Change 396.56% 435.32%

Facts In Submission

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CY2018Q4 us-gaap Goodwill
Goodwill
2697800000 USD
jll Goodwill Additions Net Of Adjustments
GoodwillAdditionsNetOfAdjustments
40200000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-7300000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
2730700000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
897400000 USD
jll Finite And Indefinite Lived Intangible Assets Additions
FiniteAndIndefiniteLivedIntangibleAssetsAdditions
43500000 USD
jll Adjustment For Fully Amortized Intangibles
AdjustmentForFullyAmortizedIntangibles
26700000 USD
jll Finite And Indefinite Lived Intangible Assets Translation Adjustments
FiniteAndIndefiniteLivedIntangibleAssetsTranslationAdjustments
4400000 USD
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
909800000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
214800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
71400000 USD
jll Accumulated Amortization Adjustmentforfully Amortized Intangibles
AccumulatedAmortizationAdjustmentforfullyAmortizedIntangibles
26700000 USD
jll Accumulated Amortization Finite Lived Intangible Assets Translation Adjustments
AccumulatedAmortizationFiniteLivedIntangibleAssetsTranslationAdjustments
2600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
256900000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
652900000 USD
us-gaap Servicing Asset At Amortized Cost Other Than Temporary Impairments
ServicingAssetAtAmortizedCostOtherThanTemporaryImpairments
9300000 USD
us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Aggregate Write Downs
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsAggregateWriteDowns
2800000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
506700000 USD
jll Finite And Indefinite Lived Intangible Assets Additions
FiniteAndIndefiniteLivedIntangibleAssetsAdditions
31900000 USD
jll Adjustment For Fully Amortized Intangibles
AdjustmentForFullyAmortizedIntangibles
22200000 USD
jll Finite And Indefinite Lived Intangible Assets Translation Adjustments
FiniteAndIndefiniteLivedIntangibleAssetsTranslationAdjustments
0 USD
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
516400000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
169800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33600000 USD
jll Accumulated Amortization Adjustmentforfully Amortized Intangibles
AccumulatedAmortizationAdjustmentforfullyAmortizedIntangibles
22200000 USD
jll Accumulated Amortization Finite Lived Intangible Assets Translation Adjustments
AccumulatedAmortizationFiniteLivedIntangibleAssetsTranslationAdjustments
-900000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
180300000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
336100000 USD
us-gaap Servicing Asset At Amortized Cost Other Than Temporary Impairments
ServicingAssetAtAmortizedCostOtherThanTemporaryImpairments
3000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
62200000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
112500000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
99500000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
90600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
78500000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
53600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
106000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
602900000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-30
CY2020Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
393600000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
404200000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-30
CY2020Q2 jll Number Of Separate Property Or Fund Co Investments
NumberOfSeparatePropertyOrFundCoInvestments
47 investment
dei Document Period End Date
DocumentPeriodEndDate
2020-06-30
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
328600000 USD
CY2018Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
247300000 USD
jll Investmentsin Real Estate Venturesat Fair Value Additions
InvestmentsinRealEstateVenturesatFairValueAdditions
29800000 USD
jll Investmentsin Real Estate Venturesat Fair Value Additions
InvestmentsinRealEstateVenturesatFairValueAdditions
32200000 USD
jll Investmentsin Real Estate Venturesat Fair Value Distributions
InvestmentsinRealEstateVenturesatFairValueDistributions
29600000 USD
jll Investmentsin Real Estate Venturesat Fair Value Distributions
InvestmentsinRealEstateVenturesatFairValueDistributions
22300000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-21400000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
14600000 USD
jll Investmentsin Real Estate Venturesat Fair Value Foreign Currency Translation
InvestmentsinRealEstateVenturesatFairValueForeignCurrencyTranslation
-3300000 USD
jll Investmentsin Real Estate Venturesat Fair Value Foreign Currency Translation
InvestmentsinRealEstateVenturesatFairValueForeignCurrencyTranslation
1000000.0 USD
CY2020Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
304100000 USD
CY2019Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
272800000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
645400000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
685900000 USD
CY2020Q2 us-gaap Senior Long Term Notes
SeniorLongTermNotes
665400000 USD
CY2019Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
664600000 USD
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2000000000.00 USD
CY2020Q2 jll Foreign Currency Forward Contract Net Notional Value
ForeignCurrencyForwardContractNetNotionalValue
980000000 USD
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2300000000 USD
CY2019Q4 jll Foreign Currency Forward Contract Net Notional Value
ForeignCurrencyForwardContractNetNotionalValue
1050000000.00 USD
CY2020Q2 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
5700000 USD
CY2019Q4 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
5700000 USD
CY2020Q2 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
789100000 USD
CY2019Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
515900000 USD
CY2020Q2 us-gaap Bank Overdrafts
BankOverdrafts
14700000 USD
CY2019Q4 us-gaap Bank Overdrafts
BankOverdrafts
44800000 USD
CY2020Q2 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
100400000 USD
CY2019Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
75300000 USD
CY2020Q2 jll Shortterm Debt
ShorttermDebt
115100000 USD
CY2019Q4 jll Shortterm Debt
ShorttermDebt
120100000 USD
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1470000000.0 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1297400000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000 USD
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
81200000 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
14600000 USD
CY2020Q2 us-gaap Loss Contingency Receivable
LossContingencyReceivable
36900000 USD
CY2019Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
37700000 USD
CY2020Q2 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
10500000000 USD
CY2019Q4 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
9700000000 USD
CY2020Q2 jll Loanlossaccrual
Loanlossaccrual
20900000 USD
CY2019Q4 jll Loanlossaccrual
Loanlossaccrual
20600000 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
13000000.0 USD
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
24200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
600000 USD
CY2019Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
14300000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-7600000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
20000000.0 USD
CY2020Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
28200000 USD
CY2019Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
25700000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
42300000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
44300000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
36500000 USD
us-gaap Restructuring Charges
RestructuringCharges
25700000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
43500000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
18700000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
15100000 USD
us-gaap Restructuring Charges
RestructuringCharges
24300000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
24800000 USD

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