RE/MAX Holdings, Inc. RMAX Income Statement

Re/max holdings, inc. (RMAX)

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	Jun'13	Mar'13
Revenue:
Total revenue
281,387	282,293	264,941	248,266	231,162	212,626	210,295	204,500	198,950	193,714	188,966	185,454	180,131	175,642	175,154	174,705	175,578	176,868	176,159	175,289	173,311	170,984	168,653	164,725	161,667	158,862	0	0	0
Operating expenses:
Selling, operating and administrative expenses
119,664	118,890	114,150	117,133	119,714	120,179	117,915	122,297	114,660	106,946	104,591	93,287	91,459	88,037	88,649	88,834	89,722	91,561	92,051	91,886	91,631	91,847	91,476	93,022	95,539	96,243	0	0	0
Marketing Funds expenses
71,049	72,299	54,866	36,832	18,772	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
23,075	22,323	22,120	22,133	21,661	20,678	20,086	18,764	19,092	20,512	20,290	19,893	18,368	16,094	15,222	15,098	15,034	15,124	15,183	15,185	15,189	15,316	15,595	15,484	15,379	15,166	0	0	0
Loss on sale or disposition of assets, net
-	-	-457	-457	-	-63	-192	-653	-654	-660	-520	-58	-59	-178	2,706	2,686	3,292	3,397	619	628	11	14	-331	-328	-373	-373	0	0	0
Total operating expenses
214,130	213,854	185,069	170,031	154,083	134,775	105,457	108,978	101,670	95,382	125,401	113,238	109,886	104,309	101,165	101,246	101,464	103,288	106,615	106,443	106,809	107,149	107,402	108,834	111,291	111,782	0	0	0
Operating income
67,257	68,439	79,872	78,235	77,079	77,851	104,838	95,522	97,280	98,332	63,565	72,216	70,245	71,333	73,989	73,459	74,114	73,580	69,544	68,846	66,502	63,835	61,251	55,891	50,376	47,080	0	0	0
Other expenses, net:
Interest expense
11,756	12,229	12,504	12,465	12,482	12,051	11,527	11,075	10,366	9,996	9,517	9,040	8,669	8,596	9,458	9,675	9,885	10,413	9,736	9,653	9,638	9,295	9,601	12,474	13,599	14,647	0	0	0
Interest income
1,395	1,446	1,353	1,121	877	676	553	518	445	352	238	125	135	160	160	164	162	178	244	266	299	313	302	326	328	321	0	0	0
Foreign currency transaction gains (losses)
-216	109	-84	-10	-174	-312	-277	-28	114	174	134	-254	-273	-86	-7	-93	-76	-1,661	-2,429	-3,039	-2,240	-1,348	-1,133	-41	-1,222	-764	0	0	0
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-796	-136	-136	-136	-94	-272	0	0	-	-	0	-	-1,798	0	0	0
Equity in earnings of investees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,215	1,169	1,073	871	600	562	571	699	904	0	0	0
Total other expenses, net
-10,577	-10,674	-11,235	-11,354	-11,779	-11,687	-11,251	-10,585	-9,807	-9,470	-9,805	-9,829	-9,467	-9,318	-9,189	-9,127	-8,932	-10,775	-10,846	-11,447	-10,980	-9,908	-10,048	-13,460	-15,458	-15,984	0	0	0
Income before provision for income taxes
56,680	57,765	68,637	66,881	65,300	66,164	93,587	84,937	87,473	88,862	53,760	62,387	60,778	62,015	64,800	64,332	65,182	62,805	58,698	57,399	55,522	53,927	51,203	42,431	34,918	31,096	0	0	0
Provision for income taxes
12,791	10,909	16,460	16,427	16,388	16,342	55,185	54,786	56,374	57,542	13,777	15,388	14,938	15,167	15,324	13,969	13,141	12,030	10,700	10,539	10,211	9,948	9,241	6,827	4,275	2,844	0	0	0
Net income
43,889	46,856	52,177	50,454	48,912	49,822	38,402	30,151	31,099	31,320	39,983	46,999	45,840	46,848	49,476	50,363	52,041	50,775	47,998	46,860	45,311	43,979	41,962	35,604	30,643	28,252	0	0	0
Less: net income attributable to non-controlling interest (note 3)
20,627	21,816	23,912	23,223	22,603	22,939	23,248	19,419	20,557	21,221	20,734	24,681	24,019	24,627	26,895	29,771	33,440	34,363	33,104	32,488	31,532	30,543	29,396	27,313	26,729	26,746	0	0	0
Net income attributable to RE/MAX Holdings, Inc.
23,262	25,040	28,265	27,231	26,309	26,883	15,154	10,732	10,542	10,099	19,249	22,318	21,821	22,221	22,581	20,592	18,601	16,412	14,894	14,372	13,779	13,436	0	0	0	-	-	-	0
Net income
43,889	46,856	52,177	50,454	48,912	49,822	38,402	30,151	31,099	31,320	46,523	53,613	0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	0
Change in cumulative translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other comprehensive (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Less: comprehensive income attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
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
99,115	99,928	100,176	100,503	100,820	101,104	100,342	97,896	95,969	93,694	90,804	88,693	85,255	81,197	78,608	76,575	74,997	73,750	73,288	72,906	72,662	72,706	71,679	69,249	67,064	64,465	0	0	0
Annual dues
Total revenue
35,476	35,409	35,627	35,898	36,052	35,894	35,395	34,881	34,228	33,767	33,529	33,258	32,984	32,653	32,342	32,031	31,860	31,758	31,567	31,254	31,022	30,726	30,318	30,076	29,477	29,524	0	0	0
Broker fees
Total revenue
46,846	45,990	45,541	45,737	46,271	46,871	47,555	46,192	44,754	43,801	42,022	40,414	38,243	37,209	35,448	34,252	33,115	32,334	31,820	30,778	29,547	28,685	27,960	26,885	25,696	24,811	0	0	0
Marketing Funds fees
Total revenue
71,049	72,299	54,866	36,832	18,772	0	0	0	0	-	-	-	-	112	3,119	6,369	9,771	13,558	14,444	15,463	16,123	15,427	15,010	15,225	16,100	16,488	0	0	0
Franchise sales and other revenue
Total revenue
28,901	28,667	28,731	29,296	29,247	28,757	27,003	25,531	23,999	22,452	22,611	23,089	23,649	24,471	25,637	25,478	25,835	25,468	25,040	24,888	23,957	23,440	23,686	23,290	23,330	23,574	0	0	0
RMCO, LLC
Net income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to non-controlling interest (note 3)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to RE/MAX Holdings, Inc.
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-