Marcus & millichap, inc. (MMI)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Dec'12
Assets
Current assets:
Cash and cash equivalents

189,760

232,670

226,081

206,758

198,132

214,683

181,020

240,019

199,370

220,786

182,662

163,830

129,032

187,371

121,953

92,437

76,934

96,185

67,632

84,198

124,060

149,159

134,010

104,613

83,298

100,952

28,679

3,107

Commissions receivable, net

3,600

5,003

6,316

5,768

6,119

4,948

5,548

6,870

2,851

9,586

4,215

4,853

3,309

4,809

4,501

4,549

2,860

3,342

3,882

5,131

4,591

3,412

5,686

5,827

3,309

3,238

4,308

5,764

Employee notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

214

164

76

-

220

223

221

229

156

807

Prepaid expenses

9,072

10,676

9,330

9,593

8,833

7,904

6,516

7,654

7,432

9,661

5,828

6,950

6,486

8,094

6,987

5,474

5,448

7,542

6,392

6,506

4,187

7,536

5,475

6,273

4,499

4,320

6,769

2,903

Income tax receivable

929

4,999

7,786

4,762

-

0

0

0

0

1,308

0

0

4,677

1,182

0

0

3,341

4,049

-

-

446

1,711

-

-

-

-

-

-

Marketable debt securities, available-for-sale (includes amortized cost and an allowance for credit losses of $143,115 and $0, respectively, at March 31, 2020)

143,864

150,752

124,475

118,909

121,059

137,436

120,701

85,486

94,826

73,560

82,813

72,333

56,910

27,454

48,377

81,775

75,112

79,860

89,764

51,070

-

-

-

-

-

-

-

-

Advances and loans, net

1,969

2,882

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,284

11,841

12,228

-

9,400

6,838

7,494

8,663

-

-

Other assets

2,871

3,185

12,352

6,233

6,031

6,368

7,572

4,918

4,624

5,529

4,944

4,354

4,531

5,102

3,826

4,938

3,847

5,136

3,404

3,092

3,501

3,055

-

-

-

2,429

-

-

Total current assets

352,065

410,167

386,340

352,023

340,174

371,339

321,357

344,947

309,103

320,430

280,462

252,320

204,945

234,012

185,644

189,173

167,542

196,114

185,572

162,002

149,089

164,873

154,791

123,774

98,821

119,831

39,912

12,581

Prepaid rent

-

-

0

0

0

13,892

14,517

14,910

15,193

15,392

15,116

15,088

14,600

13,285

12,628

11,483

10,176

9,075

8,183

5,336

3,713

3,645

4,067

4,236

4,401

4,999

4,909

2,855

Property and equipment, net

23,173

22,643

21,609

20,854

19,937

19,550

18,169

17,159

17,097

17,153

17,130

17,074

16,267

16,355

15,585

14,303

12,446

11,579

9,725

8,593

8,038

7,693

7,829

8,261

8,537

8,560

8,476

6,688

Operating lease right-of-use assets, net

88,454

90,535

90,165

93,090

83,913

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,528

60,389

Employee notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

141

142

-

199

199

189

189

228

350

Marketable debt securities, available-for-sale (includes amortized cost and an allowance for credit losses of $44,954 and $0, respectively, at March 31, 2020)

45,210

60,809

70,785

80,329

75,044

83,209

85,135

31,917

35,573

52,099

45,444

51,325

66,473

77,475

94,279

64,178

57,008

54,395

45,004

51,794

25,331

14,752

-

-

-

-

-

-

Assets held in rabbi trust

7,992

9,452

9,102

9,119

8,939

8,268

9,115

8,890

8,756

8,787

8,545

8,380

7,506

7,337

7,309

7,106

6,985

5,661

5,334

5,627

5,631

4,332

4,225

4,280

4,134

4,067

3,832

2,905

Deferred tax assets, net

20,959

22,122

18,513

18,525

20,428

22,959

23,635

21,371

21,054

22,640

33,821

34,289

34,360

35,571

35,495

33,903

33,442

35,285

23,674

21,941

21,089

34,865

24,967

27,446

27,040

27,185

-

-

Goodwill and other intangible assets, net

31,254

22,312

14,647

14,889

15,133

15,385

5,639

5,727

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances and loans, net

96,857

66,647

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

4,365

4,347

53,432

50,845

39,948

31,778

32,568

29,250

26,191

23,163

23,034

21,470

19,336

9,981

9,056

9,657

9,983

9,116

6,585

5,198

4,296

3,444

4,143

3,920

3,040

2,478

3,431

3,965

Total assets

670,329

709,034

664,593

639,674

603,516

566,380

510,135

474,171

432,967

459,664

423,552

399,946

363,487

394,016

359,996

329,803

297,582

321,225

284,229

260,632

217,329

233,604

200,221

172,116

146,162

167,309

60,788

89,733

Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other liabilities

10,642

10,790

11,003

11,115

13,175

11,035

8,780

8,279

6,482

9,202

8,571

9,098

8,610

10,133

9,865

8,343

8,820

9,135

7,572

9,696

10,529

9,585

9,733

6,330

8,180

6,911

6,821

14,350

Accounts payable and accrued expenses - related party, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

88

273

-

172

74

433

506

-

-

Notes payable to former stockholders

6,564

6,564

6,564

6,564

1,087

1,087

1,087

1,087

1,035

1,035

1,035

1,035

986

986

986

986

939

939

939

939

894

894

894

894

891

851

-

-

Deferred compensation and commissions

25,253

44,301

32,450

31,638

25,923

47,910

29,839

34,107

26,913

49,180

29,477

30,449

23,365

44,754

29,644

23,540

21,072

34,091

23,376

21,812

17,640

28,932

17,195

15,017

11,358

25,086

12,103

22,584

Income tax payable

-

-

0

0

7,603

4,486

5,963

217

3,131

-

1,295

2,914

-

-

4,181

5,303

-

-

7,539

9,697

-

-

4,916

4,937

3,296

6,459

-

-

Operating lease liabilities

17,715

17,762

17,500

17,400

17,358

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued bonuses and other employee related expenses

5,339

22,388

16,964

14,050

8,217

28,338

23,103

16,910

10,741

23,842

20,297

14,642

7,955

22,303

20,152

14,995

9,036

30,846

22,700

16,112

8,543

27,793

21,868

13,656

7,460

16,947

10,215

17,519

Total current liabilities

65,513

101,805

84,481

80,767

73,363

92,856

68,772

60,600

48,302

83,259

60,675

58,138

40,916

78,176

64,828

53,167

39,867

75,011

62,218

58,344

37,879

67,204

54,778

40,908

31,618

56,760

42,667

54,453

Deferred compensation and commissions

28,220

45,628

41,695

38,964

36,906

49,887

45,418

41,557

38,969

49,361

43,591

40,123

37,949

44,455

40,278

38,580

38,952

43,678

38,586

36,401

34,048

36,581

32,578

30,468

29,010

32,177

9,430

9,121

Notes payable to former stockholders

-

-

0

0

6,564

6,564

6,564

6,564

7,651

7,651

7,651

7,651

8,686

8,686

8,686

8,686

9,671

9,671

9,671

9,671

10,610

10,610

10,610

10,610

11,464

11,504

-

-

Operating lease liabilities

61,677

63,155

64,316

67,429

58,494

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and other liabilities

5,627

3,539

2,001

2,001

2,097

7,499

6,690

6,553

4,636

4,505

4,321

4,411

4,499

3,845

4,291

4,336

4,152

3,875

3,402

3,483

2,332

2,400

2,473

5,350

4,032

4,371

5,007

4,529

Total liabilities

161,037

214,127

192,493

189,161

177,424

156,806

127,444

115,274

99,558

144,776

116,238

110,323

92,050

135,162

118,083

104,769

92,642

132,235

113,877

107,899

84,869

116,795

100,439

87,336

76,124

104,812

57,104

68,103

Commitments and contingencies

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

0

-

-

Stockholders' equity:
Preferred stock, $0.0001 par value Authorized shares – 25,000,000; issued and outstanding shares – none at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

Common stock, $0.0001 par value Authorized shares – 150,000,000; issued and outstanding shares – 39,272,429 and 39,153,195 at March 31, 2020 and December 31, 2019, respectively

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

235

-

Additional paid-in capital

105,601

104,658

102,142

100,098

97,587

97,458

97,375

94,291

90,840

89,877

90,653

88,501

86,035

85,445

84,949

83,155

80,999

80,591

82,088

79,935

76,679

75,058

74,560

73,143

71,162

70,445

2,675

24,718

Stock notes receivable from employees

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

9

13

13

13

150

Retained earnings

401,308

388,271

367,550

348,258

326,979

311,341

285,116

264,262

242,095

224,071

215,591

200,116

184,547

172,599

155,425

140,281

122,757

107,942

87,993

72,817

55,261

41,592

25,162

11,639

-1,157

-7,939

777

-3,182

Accumulated other comprehensive income

2,383

1,978

2,408

2,157

1,526

775

200

344

474

940

1,070

1,006

855

810

1,539

1,598

1,184

457

271

-19

520

159

60

3

42

-

-

-

Total stockholders' equity

509,292

494,907

472,100

450,513

426,092

409,574

382,691

358,897

333,409

314,888

307,314

289,623

271,437

258,854

241,913

225,034

204,940

188,990

170,352

152,733

132,460

116,809

99,782

84,780

70,038

62,497

3,684

21,630

Total liabilities and stockholders' equity

670,329

709,034

664,593

639,674

603,516

566,380

510,135

474,171

432,967

459,664

423,552

399,946

363,487

394,016

359,996

329,803

297,582

321,225

284,229

260,632

217,329

233,604

200,221

172,116

146,162

167,309

60,788

89,733