2021 Q2 Form 10-Q Financial Statement

#000103797621000035 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $4.495B $3.670B
YoY Change 22.47% -13.97%
Cost Of Revenue $1.988B $1.842B
YoY Change 7.9% -3.98%
Gross Profit $2.508B $1.829B
YoY Change 37.13% -22.13%
Gross Profit Margin 55.78% 49.82%
Selling, General & Admin $2.211B $1.733B
YoY Change 27.59% -18.54%
% of Gross Profit 88.16% 94.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.50M $56.90M
YoY Change -4.22% 25.05%
% of Gross Profit 2.17% 3.11%
Operating Expenses $4.271B $3.660B
YoY Change 16.7% -11.1%
Operating Profit $224.3M $10.80M
YoY Change 1976.85% -92.8%
Interest Expense $30.20M -$200.0K
YoY Change -15200.0% -94.12%
% of Operating Profit 13.46% -1.85%
Other Income/Expense, Net -$200.0K $5.200M
YoY Change -103.85% 550.0%
Pretax Income $254.3M $15.80M
YoY Change 1509.49% -89.29%
Income Tax $54.90M $1.500M
% Of Pretax Income 21.59% 9.49%
Net Earnings $200.0M $15.20M
YoY Change 1215.79% -86.27%
Net Earnings / Revenue 4.45% 0.41%
Basic Earnings Per Share $3.90 $0.29
Diluted Earnings Per Share $3.82 $0.29
COMMON SHARES
Basic Shares Outstanding 51.29M shares 51.64M shares
Diluted Shares Outstanding 52.32M shares 52.17M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $494.0M $414.0M
YoY Change 19.32% 0.73%
Cash & Equivalents $494.0M $413.5M
Short-Term Investments
Other Short-Term Assets $1.840B $1.764B
YoY Change 4.33% -0.45%
Inventory
Prepaid Expenses
Receivables $1.584B $1.367B
Other Receivables $1.124B $1.250B
Total Short-Term Assets $5.328B $5.109B
YoY Change 4.29% 1.57%
LONG-TERM ASSETS
Property, Plant & Equipment $683.8M $675.7M
YoY Change 1.2% 15.84%
Goodwill $4.205B $4.121B
YoY Change 2.04% 50.91%
Intangibles $672.5M $652.9M
YoY Change 3.0% 94.26%
Long-Term Investments $614.0M $394.0M
YoY Change 55.84% 4.79%
Other Assets $186.6M $206.1M
YoY Change -9.46% 3.62%
Total Long-Term Assets $8.127B $7.702B
YoY Change 5.52% 38.75%
TOTAL ASSETS
Total Short-Term Assets $5.328B $5.109B
Total Long-Term Assets $8.127B $7.702B
Total Assets $13.46B $12.81B
YoY Change 5.03% 21.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.035B $1.045B
YoY Change -1.0% 0.77%
Accrued Expenses $1.329B $1.137B
YoY Change 16.9% -4.69%
Deferred Revenue
YoY Change
Short-Term Debt $714.1M $789.0M
YoY Change -9.49% 564.7%
Long-Term Debt Due $102.5M $115.0M
YoY Change -10.87% -3.36%
Total Short-Term Liabilities $4.642B $4.607B
YoY Change 0.77% 10.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.025B $1.355B
YoY Change -24.38% 17.21%
Other Long-Term Liabilities $575.0M $513.7M
YoY Change 11.93% 57.0%
Total Long-Term Liabilities $575.0M $513.7M
YoY Change 11.93% 57.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.642B $4.607B
Total Long-Term Liabilities $575.0M $513.7M
Total Liabilities $7.548B $7.693B
YoY Change -1.89% 14.87%
SHAREHOLDERS EQUITY
Retained Earnings $4.279B $3.594B
YoY Change 19.06% 12.04%
Common Stock $2.041B $2.000B
YoY Change 2.07% 86.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $122.3M $24.40M
YoY Change 401.23%
Treasury Stock Shares 930.3K shares
Shareholders Equity $5.809B $5.026B
YoY Change
Total Liabilities & Shareholders Equity $13.46B $12.81B
YoY Change 5.03% 21.07%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $200.0M $15.20M
YoY Change 1215.79% -86.27%
Depreciation, Depletion And Amortization $54.50M $56.90M
YoY Change -4.22% 25.05%
Cash From Operating Activities $215.7M $501.4M
YoY Change -56.98% 633.04%
INVESTING ACTIVITIES
Capital Expenditures -$35.20M -$32.90M
YoY Change 6.99% -16.07%
Acquisitions
YoY Change
Other Investing Activities -$80.80M $14.00M
YoY Change -677.14% -221.74%
Cash From Investing Activities -$116.0M -$18.90M
YoY Change 513.76% -62.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.00M -769.2M
YoY Change -91.94% 1598.01%
NET CHANGE
Cash From Operating Activities 215.7M 501.4M
Cash From Investing Activities -116.0M -18.90M
Cash From Financing Activities -62.00M -769.2M
Net Change In Cash 37.70M -286.7M
YoY Change -113.15% 938.77%
FREE CASH FLOW
Cash From Operating Activities $215.7M $501.4M
Capital Expenditures -$35.20M -$32.90M
Free Cash Flow $250.9M $534.3M
YoY Change -53.04% 396.56%

Facts In Submission

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us-gaap Profit Loss
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GoodwillWrittenOffRelatedToSaleOfBusinessUnit
700000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-46600000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
4120900000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
975100000 USD
jll Finite And Indefinite Lived Intangible Assets Additions
FiniteAndIndefiniteLivedIntangibleAssetsAdditions
65700000 USD
jll Adjustment For Fully Amortized Intangibles
AdjustmentForFullyAmortizedIntangibles
46000000.0 USD
jll Finite And Indefinite Lived Intangible Assets Translation Adjustments
FiniteAndIndefiniteLivedIntangibleAssetsTranslationAdjustments
1600000 USD
CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
993200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
295300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
71200000 USD
jll Accumulated Amortization Adjustmentforfully Amortized Intangibles
AccumulatedAmortizationAdjustmentforfullyAmortizedIntangibles
46000000.0 USD
jll Accumulated Amortization Finite Lived Intangible Assets Translation Adjustments
AccumulatedAmortizationFiniteLivedIntangibleAssetsTranslationAdjustments
-200000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
320700000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
672500000 USD
us-gaap Servicing Asset At Amortized Cost Other Than Temporary Impairments
ServicingAssetAtAmortizedCostOtherThanTemporaryImpairments
7600000 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
CY2021Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
614000000.0 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
430800000 USD
CY2021Q2 jll Number Of Separate Property Or Fund Co Investments
NumberOfSeparatePropertyOrFundCoInvestments
50 investment
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
340300000 USD
CY2019Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
328600000 USD
jll Investmentsin Real Estate Venturesat Fair Value Additions
InvestmentsinRealEstateVenturesatFairValueAdditions
98600000 USD
jll Investmentsin Real Estate Venturesat Fair Value Additions
InvestmentsinRealEstateVenturesatFairValueAdditions
29800000 USD
jll Investmentsin Real Estate Venturesat Fair Value Distributions
InvestmentsinRealEstateVenturesatFairValueDistributions
-15900000 USD
jll Investmentsin Real Estate Venturesat Fair Value Distributions
InvestmentsinRealEstateVenturesatFairValueDistributions
-29600000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
85100000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-21400000 USD
jll Investmentsin Real Estate Venturesat Fair Value Foreign Currency Translation
InvestmentsinRealEstateVenturesatFairValueForeignCurrencyTranslation
-3100000 USD
jll Investmentsin Real Estate Venturesat Fair Value Foreign Currency Translation
InvestmentsinRealEstateVenturesatFairValueForeignCurrencyTranslation
-3300000 USD
CY2021Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
505000000.0 USD
CY2020Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
304100000 USD
CY2021Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
706000000.0 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
723700000 USD
CY2021Q2 us-gaap Senior Long Term Notes
SeniorLongTermNotes
687900000 USD
CY2020Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
702000000.0 USD
CY2021Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2150000000 USD
CY2021Q2 jll Foreign Currency Forward Contract Net Notional Value
ForeignCurrencyForwardContractNetNotionalValue
1170000000 USD
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2340000000 USD
CY2020Q4 jll Foreign Currency Forward Contract Net Notional Value
ForeignCurrencyForwardContractNetNotionalValue
1420000000 USD
CY2021Q2 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
5300000 USD
CY2020Q4 us-gaap Common Stock Issued Employee Stock Trust
CommonStockIssuedEmployeeStockTrust
5600000 USD
CY2021Q2 us-gaap Bank Overdrafts
BankOverdrafts
8000000.0 USD
CY2020Q4 us-gaap Bank Overdrafts
BankOverdrafts
12000000.0 USD
CY2021Q2 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
94500000 USD
CY2020Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
50000000.0 USD
CY2021Q2 jll Shortterm Debt
ShorttermDebt
102500000 USD
CY2020Q4 jll Shortterm Debt
ShorttermDebt
62000000.0 USD
CY2021Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1127100000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
755300000 USD
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000 USD
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
64900000 USD
CY2021Q2 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
714100000 USD
CY2020Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
1498400000 USD
CY2021Q2 us-gaap Loss Contingency Receivable
LossContingencyReceivable
2500000 USD
CY2020Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
44000000.0 USD
CY2021Q2 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
13200000000 USD
CY2020Q4 jll Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
Loansubjecttolosssharingarrangementsaggregateunpaidprincipalamount
12200000000 USD
CY2021Q2 jll Loanlossaccrual
Loanlossaccrual
23600000 USD
CY2020Q4 jll Loanlossaccrual
Loanlossaccrual
22100000 USD
CY2021Q2 jll Loanlossguaranteereserve
Loanlossguaranteereserve
22900000 USD
CY2020Q4 jll Loanlossguaranteereserve
Loanlossguaranteereserve
36700000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
45000000.0 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
6000000.0 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
13000000.0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12000000.0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
24200000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1100000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
600000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1000000.0 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-7600000 USD
CY2021Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
18100000 USD
CY2020Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
28200000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
35300000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
42300000 USD
us-gaap Restructuring Charges
RestructuringCharges
22300000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
48600000 USD
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
18700000 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

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