secwatch.observer — SEC 8-K summary
======================================

Issuer:     JONES LANG LASALLE INC (JLL)
CIK:        0001037976
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001037976-24-000013
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JLL recasts historical financials with revised non-GAAP definitions and discontinued fee revenue metric
--------------------------------------------------------------------------------

- No longer reports 'Fee revenue' and 'Fee-based operating expenses' as non-GAAP measures following SEC Staff comment letter.
- Adjusted EBITDA and Adjusted net income definitions updated to exclude JLL Technologies and LaSalle equity earnings/losses.
- AUM calculation refined to include uncalled committed capital and cash, aligning with new industry standard definition.
- Recast quarterly data for FY2020 through FY2023 posted on Investor Relations website and furnished as Exhibit 99.1.
- Changes have no impact on GAAP net income, EPS, or cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037976/000103797624000013/0001037976-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037976/000103797624000013/jll-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001037976-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer