Marcus & Millichap, Inc. MMI Income Statement

Marcus & millichap, inc. (MMI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Sep'12
Revenues:
Total revenues
836,438	806,428	798,803	811,173	800,982	814,816	787,309	760,060	741,029	719,700	706,081	703,374	706,390	717,450	731,449	716,691	706,786	689,055	658,343	643,356	604,139	572,188	548,845	509,909	0	0	0	0
Operating expenses:
Cost of services
520,947	498,878	492,151	500,900	492,922	502,883	486,144	468,051	458,559	446,557	436,464	435,513	438,262	444,768	452,795	440,953	433,384	423,389	403,561	393,820	367,864	350,102	334,508	309,957	0	0	0	0
Selling, general and administrative expense
209,052	203,110	197,402	197,970	194,214	193,349	188,047	181,868	176,481	171,648	167,784	166,032	162,759	161,794	162,049	156,967	154,136	147,710	143,768	142,208	136,746	134,274	130,433	0	0	-	0	0
Depreciation and amortization expense
8,649	8,017	7,442	7,183	6,754	6,297	5,917	5,641	5,441	5,363	5,198	4,972	4,678	4,387	4,080	3,733	3,531	3,305	3,196	3,207	3,211	3,206	3,146	0	0	-	0	0
Stock-based and other compensation in connection with initial public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Total operating expenses
738,648	710,005	696,995	706,053	693,890	702,529	680,108	655,560	640,481	623,568	609,446	606,517	605,699	610,949	618,924	601,653	591,051	574,404	550,525	539,235	507,821	487,582	441,563	0	0	-	0	0
Operating income
97,790	96,423	101,808	105,120	107,092	112,287	107,201	104,500	100,548	96,132	96,635	96,857	100,691	106,501	112,525	115,038	115,735	114,651	107,818	104,121	96,318	84,606	49,344	38,248	0	0	0	0
Other (expense) income, net
8,736	12,477	10,340	9,894	8,499	6,333	6,645	5,690	4,963	4,590	3,572	3,119	2,740	2,134	1,987	804	548	443	90	246	214	28	208	0	0	-	0	0
Interest expense
1,322	1,388	1,364	1,377	1,389	1,400	1,424	1,452	1,474	1,496	1,504	1,514	1,524	1,533	1,532	1,532	1,534	1,726	1,798	1,815	1,830	1,651	0	0	0	-	-	-
Income before provision for income taxes
105,204	107,512	110,784	113,637	114,202	117,220	112,422	108,738	104,037	99,226	98,703	98,462	101,907	107,102	112,980	114,310	114,749	113,368	106,110	102,552	94,702	82,983	69,140	0	0	-	0	0
Provision for income taxes
30,842	30,582	28,350	29,641	29,318	29,963	42,910	44,605	46,502	47,702	38,485	38,575	40,065	42,445	45,548	46,846	47,253	47,018	43,279	41,374	38,284	33,452	28,764	0	0	-	0	0
Net income
74,362	76,930	82,434	83,996	84,884	87,257	69,512	64,133	57,535	51,524	60,218	59,887	61,842	64,657	67,432	67,464	67,496	66,350	62,831	61,178	56,418	49,531	24,385	18,137	0	0	0	0
Other comprehensive income (loss):
Change in unrealized (losses) gains
467	1,822	2,117	1,842	814	-536	-911	-692	-346	193	-322	-482	-230	403	707	819	-100	-592	0	0	0	-	-	-	-	-	-	-
Less: reclassification adjustment for net losses (gains) included in other (expense) income, net
23	43	42	19	2	-7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change, net of tax of $(168) and $288 for the three months ended March 31, 2020 and 2019, respectively
444	1,779	2,075	1,823	812	-529	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation gain (loss), net of tax of $0 for each of the three months ended March 31, 2020 and 2019
413	-576	133	-10	240	377	46	35	-22	-63	-57	-20	-9	40	561	798	764	890	436	259	266	135	0	0	0	-	-	-
Total other comprehensive income
857	1,203	2,208	1,813	1,052	-152	-857	-649	-368	130	-469	-592	-329	353	1,268	1,617	664	298	211	-22	478	159	0	0	0	-	-	-
Comprehensive income
75,219	78,133	84,642	85,809	85,936	87,105	68,655	63,484	57,167	51,654	59,749	59,295	61,513	65,010	68,700	69,081	68,160	66,648	63,042	61,156	56,896	49,690	0	0	0	-	-	-
Net income
74,362	76,930	82,434	83,996	84,884	87,257	69,512	64,133	57,535	51,524	58,188	60,237	0	-	0	0	-	-	-	-	-	-	24,385	18,137	0	0	0	0
Less: Net loss attributable to Marcus & Millichap Real Estate Investment Services, Inc. prior to initial public offering on October 31, 2013
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Net income attributable to Marcus & Millichap, Inc. subsequent to initial public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Earnings per share:
Basic
0.33	0.52	0.49	0.54	0.40	0.67	0.53	0.57	0.46	0.21	0.40	0.40	0.31	0.44	0.39	0.45	0.38	0.52	0.39	0.45	0.35	0.42	0.35	0.33	0.17	0.24	-	-
Diluted
0.33	0.52	0.49	0.54	0.40	0.67	0.53	0.56	0.46	0.22	0.39	0.40	0.31	0.44	0.39	0.45	0.38	0.50	0.39	0.45	0.35	0.42	0.35	0.33	0.17	0.24	-	-
Weighted average common shares outstanding:
Basic
39,541	39,469	39,441	39,395	39,311	39,156	39,191	39,154	39,095	38,969	39,033	39,002	38,948	38,848	38,939	38,918	38,891	38,603	38,890	38,870	39,029	38,863	38,847	38,847	38,847	38,787	-	-
Diluted
39,646	39,600	39,550	39,527	39,515	39,413	39,484	39,385	39,250	38,956	39,204	39,132	39,108	39,008	39,122	39,054	38,956	39,279	39,160	39,057	39,152	39,068	39,011	38,926	38,907	38,815	-	-
Real Estate Brokerage Commissions [Member]
Total revenues
756,248	729,356	725,025	736,807	729,767	747,355	713,469	690,846	671,781	649,393	644,812	641,150	648,693	662,220	675,695	661,942	652,045	632,574	603,061	591,339	554,396	524,951	470,003	0	0	-	0	0
Financing Fees [Member]
Total revenues
67,912	66,293	64,070	64,004	61,825	57,817	56,756	52,177	49,323	49,653	46,796	46,748	44,765	43,444	43,291	42,836	43,260	42,558	41,579	38,578	35,812	33,881	29,131	0	0	-	0	0
Other Revenues [Member]
Total revenues
12,278	10,779	9,708	10,362	9,390	9,644	17,084	17,037	19,925	20,654	14,473	15,476	12,932	11,786	12,463	11,913	11,481	13,923	13,703	13,439	13,931	13,356	12,563	0	0	-	0	0