Marcus & Millichap, Inc. (MMI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
23975 PARK SORRENTO CALABASAS, CA 91302 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6531 - Real Estate Agents and Managers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 483 | 465 | 535 | 566 | 398 | 378 | 356 | ||
| Cash and cash equivalents | 271 | 212 | 316 | 382 | 281 | 230 | 222 | ||
| Short-term investments | 212 | 253 | 219 | 184 | 117 | 147 | 134 | ||
| Receivables | 3 | ||||||||
| Prepaid expense | 9 | 10 | 10 | 13 | 9 | 10 | 10 | ||
| Other current assets | 6 | 6 | 6 | 5 | 4 | 6 | 6 | ||
| Other undisclosed current assets | 15 | 18 | 20 | 24 | 18 | 18 | 10 | ||
| Total current assets: | 516 | 498 | 571 | 608 | 430 | 411 | 382 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 84 | 84 | 78 | 82 | 85 | 86 | 81 | ||
| Property, plant and equipment | 27 | 25 | 23 | 23 | 23 | 23 | 23 | ||
| Long-term investments and receivables | 89 | 78 | 53 | 113 | 131 | 98 | 67 | ||
| Long-term investments | 89 | 78 | 53 | 113 | 131 | 98 | 67 | ||
| Intangible assets, net (including goodwill) | 57 | 58 | 59 | 48 | 49 | 50 | 51 | ||
| Goodwill | 38 | 38 | 38 | 34 | 34 | 34 | 34 | ||
| Intangible assets, net (excluding goodwill) | 19 | 20 | 21 | 14 | 15 | 16 | 17 | ||
| Deferred costs | 9 | 10 | 11 | 12 | 11 | 11 | 11 | ||
| Deferred income tax assets | 38 | 35 | 33 | 34 | 24 | 21 | 21 | ||
| Other noncurrent assets | 15 | 14 | 12 | 13 | 13 | 4 | 4 | ||
| Other undisclosed noncurrent assets | 165 | 164 | 139 | 113 | 109 | 114 | 112 | ||
| Total noncurrent assets: | 484 | 468 | 409 | 437 | 445 | 406 | 369 | ||
| TOTAL ASSETS: | 1,000 | 967 | 980 | 1,045 | 875 | 818 | 751 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 10 | 13 | 146 | 178 | 87 | 71 | 49 | ||
| Accrued liabilities | 60 | 54 | 51 | 111 | 49 | 44 | 29 | ||
| Employee-related liabilities | 16 | 50 | 32 | 24 | 11 | ||||
| Taxes payable | 28 | 18 | 6 | 2 | 9 | ||||
| Interest and dividends payable | 51 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | (50) | (41) | |||||||
| Deferred compensation liability | 1 | 1 | 1 | 2 | 2 | 2 | 2 | ||
| Other liabilities | 21 | 8 | |||||||
| Other undisclosed current liabilities | 115 | 107 | 45 | 45 | 42 | 43 | 40 | ||
| Total current liabilities: | 147 | 128 | 192 | 226 | 131 | 116 | 91 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 63 | 63 | 56 | 58 | 61 | 61 | 57 | ||
| Operating lease, liability | 63 | 63 | 56 | 58 | 61 | 61 | 57 | ||
| Liabilities, other than long-term debt | 17 | 17 | 18 | 18 | 19 | 19 | 19 | ||
| Deferred compensation liability, classified | 6 | 6 | 8 | 7 | 7 | 7 | 7 | ||
| Other liabilities | 11 | 10 | 11 | 11 | 13 | 12 | 12 | ||
| Other undisclosed noncurrent liabilities | 50 | 42 | 38 | 47 | 32 | 25 | 22 | ||
| Total noncurrent liabilities: | 129 | 122 | 113 | 123 | 112 | 105 | 98 | ||
| Total liabilities: | 276 | 250 | 305 | 349 | 243 | 221 | 189 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 724 | 717 | 675 | 696 | 632 | 597 | 562 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 128 | 124 | 123 | 122 | 119 | 117 | 114 | ||
| Accumulated other comprehensive income (loss) | (4) | (3) | (2) | 1 | 2 | 2 | 2 | ||
| Retained earnings | 600 | 596 | 554 | 574 | 512 | 478 | 446 | ||
| Total stockholders' equity: | 724 | 717 | 675 | 696 | 632 | 597 | 562 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,000 | 967 | 980 | 1,045 | 875 | 818 | 751 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 324 | 396 | 319 | 495 | 332 | 285 | 184 | |
| Gross profit: | 324 | 396 | 319 | 495 | 332 | 285 | 184 | |
| Operating expenses | (293) | (339) | (275) | (413) | (287) | (243) | (164) | |
| Operating income: | 31 | 57 | 44 | 82 | 46 | 42 | 20 | |
| Nonoperating income (expense) | 1 | (0) | 0 | 2 | 0 | 1 | 1 | |
| Foreign currency transaction gain (loss), before tax | 0 | (4) | 0 | |||||
| Interest and debt expense | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Income from continuing operations before income taxes: | 31 | 56 | 45 | 84 | 46 | 43 | 21 | |
| Income tax expense | (10) | (14) | (12) | (22) | (12) | (11) | (6) | |
| Net income attributable to parent: | 21 | 42 | 33 | 62 | 34 | 32 | 15 | |
| Other undisclosed net income (loss) available to common stockholders, basic | (0) | (0) | (0) | 0 | (0) | (0) | 0 | |
| Net income available to common stockholders, diluted: | 21 | 42 | 33 | 62 | 34 | 31 | 15 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 21 | 42 | 33 | 62 | 34 | 32 | 15 | |
| Other comprehensive loss | (1) | (1) | (3) | (1) | (0) | (0) | (1) | |
| Comprehensive income, net of tax, attributable to parent: | 20 | 41 | 30 | 61 | 34 | 31 | 14 | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.