Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - JONES LANG LASALLE INC | d434445d8k.htm |
| EX-4.2 - EXHIBIT 4.2 - JONES LANG LASALLE INC | d434445dex42.htm |
| EX-5.2 - EXHIBIT 5.2 - JONES LANG LASALLE INC | d434445dex52.htm |
| EX-5.1 - EXHIBIT 5.1 - JONES LANG LASALLE INC | d434445dex51.htm |
| EX-4.1 - EXHIBIT 4.1 - JONES LANG LASALLE INC | d434445dex41.htm |
| EX-1.1 - EXHIBIT 1.1 - JONES LANG LASALLE INC | d434445dex11.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
| ($ in thousands) | For the Nine Months Ended September 30, |
For the Year Ended December 31, |
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| 2012 | 2011 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
| Earnings: |
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| Net income (loss) attributable to the Company |
$ | 100,978 | $ | 79,466 | $ | 164,384 | $ | 153,902 | $ | (3,595 | ) | $ | 84,883 | $ | 257,832 | |||||||||||||
| Provision for income taxes |
34,587 | 26,863 | 56,387 | 49,038 | 5,677 | 28,743 | 87,595 | |||||||||||||||||||||
| Equity in (earnings) losses from real estate ventures |
(22,103 | ) | (2,682 | ) | (5,745 | ) | 11,379 | 58,867 | 5,462 | (12,216 | ) | |||||||||||||||||
| Operating distributions from real estate ventures |
7,996 | 555 | 593 | 188 | 157 | 1,064 | 11,560 | |||||||||||||||||||||
| Fixed charges |
59,599 | 59,314 | 79,621 | 84,295 | 93,666 | 71,907 | 47,682 | |||||||||||||||||||||
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| Total Earnings |
$ | 181,057 | $ | 163,516 | $ | 295,240 | $ | 298,802 | $ | 154,772 | $ | 192,059 | $ | 392,453 | ||||||||||||||
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| Fixed Charges: |
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| Interest expense |
$ | 26,779 | $ | 28,462 | $ | 38,140 | $ | 47,469 | $ | 57,073 | $ | 34,932 | $ | 18,362 | ||||||||||||||
| Applicable portion of rent expense1 |
32,820 | 30,852 | 41,481 | 36,826 | 36,593 | 36,975 | 29,320 | |||||||||||||||||||||
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| Total Fixed Charges |
$ | 59,599 | $ | 59,314 | $ | 79,621 | $ | 84,295 | $ | 93,666 | $ | 71,907 | $ | 47,682 | ||||||||||||||
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| Ratio of Earnings to Fixed Charges |
3.04 | 2.76 | 3.71 | 3.54 | 1.65 | 2.67 | 8.23 | |||||||||||||||||||||
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| 1 | Represents one-third of rent expense, which we believe approximates the portion of rent expense that relates to interest. |