RE/MAX Holdings, Inc. RMAX Income Statement

Re/max holdings, inc. (RMAX)

Income statement / Quarterly

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	Jun'13	Mar'13
Revenue:
Total revenue
70,272	68,193	71,541	71,381	71,178	50,841	54,866	54,277	52,642	48,510	49,071	48,727	47,406	43,762	45,559	43,404	42,917	43,274	45,110	44,277	44,207	42,565	44,240	42,299	41,880	40,234	40,312	39,241	39,075
Operating expenses:
Selling, operating and administrative expenses
34,677	34,783	24,478	25,726	33,903	30,043	27,461	28,307	34,368	27,779	31,843	20,670	26,654	25,424	20,539	18,842	23,232	26,036	20,724	19,730	25,071	26,526	20,559	19,475	25,287	26,155	22,105	21,992	25,991
Marketing Funds expenses
17,522	17,433	18,034	18,060	18,772	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
6,310	5,629	5,595	5,541	5,558	5,426	5,608	5,069	4,575	4,834	4,286	5,397	5,995	4,612	3,889	3,872	3,721	3,740	3,765	3,808	3,811	3,799	3,767	3,812	3,938	4,078	3,656	3,707	3,725
Loss on sale or disposition of assets, net
-	-	10	16	-	-104	10	13	18	-233	-451	12	12	-93	11	11	-107	2,791	-9	617	-2	13	0	0	1	-332	3	-45	1
Total operating expenses
58,509	58,213	48,097	49,311	58,233	29,428	33,059	33,363	38,925	110	36,580	26,055	32,637	30,129	24,417	22,703	27,060	26,985	24,498	22,921	28,884	30,312	24,326	23,287	29,224	30,565	25,758	25,744	29,715
Operating income
11,763	9,980	23,444	22,070	12,945	21,413	21,807	20,914	13,717	48,400	12,491	22,672	14,769	13,633	21,142	20,701	15,857	16,289	20,612	21,356	15,323	12,253	19,914	19,012	12,656	9,669	14,554	13,497	9,360
Other expenses, net:
Interest expense
2,682	2,831	3,089	3,154	3,155	3,106	3,050	3,171	2,724	2,582	2,598	2,462	2,354	2,103	2,121	2,091	2,281	2,965	2,338	2,301	2,809	2,288	2,255	2,286	2,466	2,594	5,128	3,411	3,514
Interest income
269	372	412	342	320	279	180	98	119	156	145	25	26	42	32	35	51	42	36	33	67	108	58	66	81	97	82	68	74
Foreign currency transaction gains (losses)
-270	43	-50	61	55	-150	24	-103	-83	-115	273	39	-23	-155	-115	20	164	-76	-201	37	-1,421	-844	-811	836	-529	-629	281	-345	-71
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-660	0	0	-136	0	0	0	-94	-	-	-178	-	0	-1,664	0	-134
Equity in earnings of investees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	252	361	390	212	206	265	188	-59	168	274	316	146
Total other expenses, net
-2,683	-2,416	-2,727	-2,751	-2,780	-2,977	-2,846	-3,176	-2,688	-2,541	-2,180	-2,398	-2,351	-2,876	-2,204	-2,036	-2,202	-2,747	-2,142	-1,841	-4,045	-2,818	-2,743	-1,374	-2,973	-2,958	-6,155	-3,372	-3,499
Income before provision for income taxes
9,080	7,564	20,717	19,319	10,165	18,436	18,961	17,738	11,029	45,859	10,311	20,274	12,418	10,757	18,938	18,665	13,655	13,542	18,470	19,515	11,278	9,435	17,171	17,638	9,683	6,711	8,399	10,125	5,861
Provision for income taxes
3,790	2,362	3,453	3,186	1,908	7,913	3,420	3,147	1,862	46,756	3,021	4,735	3,030	2,991	4,632	4,285	3,259	3,148	3,277	3,457	2,148	1,818	3,116	3,129	1,885	1,111	702	577	454
Net income
5,290	5,202	17,264	16,133	8,257	10,523	15,541	14,591	9,167	-897	7,290	15,539	9,388	7,766	14,306	14,380	10,396	10,394	15,193	16,058	9,130	7,617	14,055	14,509	7,798	5,600	7,697	9,548	5,407
Less: net income attributable to non-controlling interest (note 3)
2,659	2,314	8,091	7,563	3,848	4,410	7,402	6,943	4,184	4,719	3,573	8,081	4,848	4,232	7,520	7,419	5,456	6,500	10,396	11,088	6,379	5,241	9,780	10,132	5,390	4,094	7,697	9,548	5,407
Net income attributable to RE/MAX Holdings, Inc.
2,631	2,888	9,173	8,570	4,409	6,113	8,139	7,648	4,983	-5,616	3,717	7,458	4,540	3,534	6,786	6,961	4,940	3,894	4,797	4,970	2,751	2,376	4,275	4,377	2,408	-	-	-	0
Net income
5,290	5,202	17,264	16,133	8,257	10,523	15,541	14,591	9,167	-897	7,290	15,539	9,388	-	14,306	14,380	-	-	-	-	-	-	-	-	-	-	7,697	9,548	5,407
Change in cumulative translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	-190	-108
Other comprehensive (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	-190	-108
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,811	9,358	5,299
Less: comprehensive income attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,811	9,358	5,299
Comprehensive income attributable to RE/MAX Holdings, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic
0.15	-	-	-	0.25	-	-	-	-	-	0.21	0.42	0.26	-	-	-	-	0.27	0.39	0.41	0.23	-	-	-	0.21	-	-	-	-
Diluted
0.15	-	-	-	0.25	-	-	-	-	-	0.21	0.42	0.26	-	-	-	-	0.27	0.39	0.40	0.22	-	-	-	0.20	-	-	-	-
Weighted average shares of Class A common stock outstanding
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,307	12,333	12,225	11,817	-	-	-	11,607	-	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,203	12,420	12,399	12,293	-	-	-	12,254	-	-	-	-
Cash dividends declared per share of Class A common stock
-	-	-	-	-	-	-	-	-	-	0.18	0.18	0.18	-	-	-	-	-	-	-	-	-	-	-	0.06	-	-	-	0.00
Continuing franchise fees
Total revenue
24,143	24,910	25,168	24,894	24,956	25,158	25,495	25,211	25,240	24,396	23,049	23,284	22,965	21,506	20,938	19,846	18,907	18,917	18,905	18,268	17,660	18,455	18,523	18,024	17,704	17,428	16,093	15,839	15,105
Annual dues
Total revenue
8,921	8,901	8,835	8,819	8,854	9,119	9,106	8,973	8,696	8,620	8,592	8,320	8,235	8,382	8,321	8,046	7,904	8,071	8,010	7,875	7,802	7,880	7,697	7,643	7,506	7,472	7,455	7,044	7,553
Broker fees
Total revenue
9,444	10,651	13,292	13,459	8,588	10,202	13,488	13,993	9,188	10,886	12,125	12,555	8,235	9,107	10,517	10,384	7,201	7,346	9,321	9,247	6,420	6,832	8,279	8,016	5,558	6,107	7,204	6,827	4,673
Marketing Funds fees
Total revenue
17,522	17,433	18,034	18,060	18,772	0	0	0	0	-	-	-	-	0	0	0	112	3,007	3,250	3,402	3,899	3,893	4,269	4,062	3,203	3,476	4,484	4,937	3,591
Franchise sales and other revenue
Total revenue
10,242	6,298	6,212	6,149	10,008	6,362	6,777	6,100	9,518	4,608	5,305	4,568	7,971	4,767	5,783	5,128	8,793	5,933	5,624	5,485	8,426	5,505	5,472	4,554	7,909	5,751	5,076	4,594	8,153
RMCO, LLC
Net income
5,290	-	-	-	8,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to non-controlling interest (note 3)
2,659	-	-	-	3,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to RE/MAX Holdings, Inc.
2,631	-	-	-	4,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class A
Net income
-	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
0.15	0.16	0.51	0.48	0.25	0.35	0.46	0.43	0.28	-0.32	0.21	0.42	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
0.15	0.16	0.51	0.48	0.25	0.34	0.46	0.43	0.28	-0.32	0.21	0.42	0.26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
17,974	17,837	17,826	17,808	17,775	17,749	17,746	17,746	17,709	17,697	17,696	17,696	17,662	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
18,033	17,978	17,840	17,833	17,817	17,767	17,771	17,769	17,762	17,749	17,737	17,723	17,716	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared per share of Class A common stock
0.22	0.21	0.21	0.21	0.21	0.20	0.20	0.20	0.20	0.18	0.18	0.18	0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-