What does americas — reimbursement revenues mean?

Revenue collected from clients to reimburse the company for third-party expenses paid on their behalf.

How do you interpret americas — reimbursement revenues?

An increase indicates higher volume of managed projects or properties, while a decrease suggests lower activity levels or a shift in contract structure.

How does americas — reimbursement revenues compare across companies?

Common in service-based firms like CBRE or Cushman & Wakefield as 'reimbursable revenue' or 'pass-through revenue'.

Jones Lang LaSalle JLL Americas — Reimbursement Revenues

Discontinued — last reported Q2 '20

Similar metrics at other companies

AJGReimbursements

$42M+7.7%

AJGReimbursements

$42M+7.7%

HRevenues for reimbursed costs

$10M+433%

HRevenues for reimbursed costs

$13M+62.5%

WTWReimbursed Expenses — Portion Of Revenue

0.3%0.0pp

HOperating Segments — Revenues For Reimbursement Of Costs Incurred On Behalf Of Managed And Franchised Properties

$456M+6.0%

Other financials

Income statement

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Revenue$6.4B+11.1%

Operating income$204.6M+70.5%

Net income$159.4M+177%

EPS (diluted)$3.33+192%

Balance sheet

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Cash & equivalents$719.3M+11.6%

Total debt$3.6B-11.6%

Total equity$7.3B+6.8%

Total assets$17.9B+7.6%

Cash flow

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Operating cash flow-$755.0M+1.6%

CapEx$64.9M+45.8%

Free cash flow-$819.9M-1.0%

Valuation

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Market cap$13.79B+21.4%

Enterprise value$16.67B+13.0%

P/E15.4×-5.7×

P/S0.5×0.0×

Profitability

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Operating margin4.4%+0.8pp

Net margin3.3%+1.1pp

FCF margin3.6%—

Returns & leverage

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Return on equity12.6%+4.4pp

Debt / equity0.5×-0.1×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Jones Lang LaSalle in its filing.

Tagged under the XBRL concept jll:ReimbursementRevenues.

The official record: Jones Lang LaSalle’s 10-Q, filed August 6, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does americas — reimbursement revenues mean?: Revenue collected from clients to reimburse the company for third-party expenses paid on their behalf.
How do you interpret americas — reimbursement revenues?: An increase indicates higher volume of managed projects or properties, while a decrease suggests lower activity levels or a shift in contract structure.
How does americas — reimbursement revenues compare across companies?: Common in service-based firms like CBRE or Cushman & Wakefield as 'reimbursable revenue' or 'pass-through revenue'.