Marcus & Millichap, Inc. MMI Income Statement

Marcus & millichap, inc. (MMI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Revenues:
Total revenues
806,428	814,816	719,700	717,450	689,055	572,188	435,895	385,716
Operating expenses:
Cost of services
498,878	502,883	446,557	444,768	423,389	350,102	264,637	230,248
Selling, general and administrative expense
203,110	193,349	171,648	161,794	147,710	134,274	115,661	103,479
Depreciation and amortization expense
8,017	6,297	5,363	4,387	3,305	3,206	3,043	2,981
Stock-based and other compensation in connection with initial public offering
-	-	-	-	-	-	31,268	-
Total operating expenses
710,005	702,529	623,568	610,949	574,404	487,582	414,609	336,708
Operating income
96,423	112,287	96,132	106,501	114,651	84,606	21,286	49,008
Other (expense) income, net
12,477	6,333	4,590	2,134	443	28	760	437
Interest expense
1,388	1,400	1,496	1,533	1,726	1,651	105	4
Income before provision for income taxes
107,512	117,220	99,226	107,102	113,368	82,983	21,941	49,441
Provision for income taxes
30,582	29,963	47,702	42,445	47,018	33,452	13,735	21,507
Net income
76,930	87,257	51,524	64,657	66,350	49,531	8,206	27,934
Other comprehensive income (loss):
Change in unrealized (losses) gains
1,822	-536	193	403	-592	24	-	-
Less: reclassification adjustment for net losses (gains) included in other (expense) income, net
43	-7	0	90	-	-	-	-
Net change, net of tax of $(168) and $288 for the three months ended March 31, 2020 and 2019, respectively
1,779	-529	193	313	-	-	-	-
Foreign currency translation gain (loss), net of tax of $0 for each of the three months ended March 31, 2020 and 2019
-576	377	-63	40	890	135	-	-
Total other comprehensive income
1,203	-152	130	353	298	159	-	-
Comprehensive income
78,133	87,105	51,654	65,010	66,648	49,690	8,206	27,934
Net income
76,930	87,257	51,524	64,657	66,350	-	8,206	27,934
Less: Net loss attributable to Marcus & Millichap Real Estate Investment Services, Inc. prior to initial public offering on October 31, 2013
-	-	-	-	-	-	1,045	27,934
Net income attributable to Marcus & Millichap, Inc. subsequent to initial public offering
-	-	-	-	-	-	9,251	-
Earnings per share:
Basic
1.95	2.23	1.32	1.66	1.71	1.27	0.24	-
Diluted
1.95	2.22	1.32	1.66	1.69	1.27	0.24	-
Weighted average common shares outstanding:
Basic
39,404	39,149	38,988	38,899	38,848	38,851	38,787	-
Diluted
39,548	39,383	39,100	39,035	39,162	38,978	38,815	-
Real Estate Brokerage Commissions [Member]
Total revenues
729,356	747,355	649,393	662,220	632,574	524,951	393,203	351,407
Financing Fees [Member]
Total revenues
66,293	57,817	49,653	43,444	42,558	33,881	25,921	21,132
Other Revenues [Member]
Total revenues
10,779	9,644	20,654	11,786	13,923	13,356	16,771	13,177