RE/MAX Holdings, Inc. (RMAX) Financial Statements (2024 and earlier)

Company Profile

Business Address 5075 SOUTH SYRACUSE STREET
DENVER, CO 80237
State of Incorp. CO
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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments108,663126,270101,35583,00159,97450,807
Cash and cash equivalents108,663126,270101,35583,00159,97450,807
Restricted cash and investments29,46532,12919,87220,600  
Receivables34,65636,36531,20729,54021,71822,174
Other current assets20,17816,01013,9389,6385,8556,924
Total current assets:192,962210,774166,372142,77987,54779,905
Noncurrent Assets
Operating lease, right-of-use asset25,82536,52338,87851,129
Nontrade receivables7541,8031,9801,690  
Property, plant and equipment9,79312,6867,8725,4444,3902,905
Intangible assets, net (including goodwill)404,563445,477278,000279,023276,806263,038
Goodwill258,626269,115175,835159,038150,684135,213
Intangible assets, net (excluding goodwill)145,937176,362102,165119,985126,122127,825
Regulated entity, other noncurrent assets     1,4811,780
Deferred income tax assets 51,44151,31448,85552,595
Other noncurrent assets9,89617,55615,4359,6924,3991,563
Other undisclosed noncurrent assets     52,21757,371
Total noncurrent assets:502,272565,359391,020399,573339,293326,657
TOTAL ASSETS:695,234776,133557,392542,352426,840406,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities76,916104,50380,25870,00015,24116,040
Taxes payable2,5469,5796,854208133
Accounts payable6,1655,1892,1082,9831,890517
Accrued liabilities70,75196,76868,57160,16313,14315,390
Deferred revenue27,78427,17825,28225,663
Debt4,6004,6002,4287,7502,6222,350
Deferred revenue and credits18,918
Due to related parties    500100
Contract with customer, liability25,489
Other undisclosed current liabilities10,3689,9389,2773,5833,0676,152
Total current liabilities:119,668146,219117,245106,99646,91943,560
Noncurrent Liabilities
Long-term debt and lease obligation443,720493,407271,416278,992225,165226,636
Long-term debt, excluding current maturities443,720447,459221,137223,033225,165226,636
Liabilities, other than long-term debt75,22740,54726,07624,34838,26120,048
Deferred revenue18,28718,92919,86418,763
Contract with customer, liability20,224
Deferred tax liabilities, net400151
Deferred income tax liabilities13,11314,699490293
Other liabilities5,8386,9195,7225,29217,63719,897
Operating lease, liability37,98945,94850,27955,959
Other undisclosed noncurrent liabilities 24,91726,89329,97433,64037,22046,923
Total noncurrent liabilities:543,864560,847327,466336,980300,646293,607
Total liabilities:663,532707,066444,711443,976347,565337,167
Equity
Equity, attributable to parent, including:481,174508,274517,175497,886481,569467,743
Additional paid in capital535,566515,443491,422466,945460,101451,199
Accumulated other comprehensive income (loss)(395)650612414328515
Retained earnings (accumulated deficit)(53,999)(7,821)25,13930,52521,13816,027
Other undisclosed equity, attributable to parent222222
Equity, attributable to noncontrolling interest(449,472)(439,207)(404,494)(399,510)(402,294)(398,348)
Total equity:31,70269,067112,68198,37679,27569,395
TOTAL LIABILITIES AND EQUITY:695,234776,133557,392542,352426,840406,562

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues353,386329,701266,001282,293212,626195,929
Revenue, net58,434
Gross profit:353,386329,701266,001282,293212,626195,929
Operating expenses(315,174)(339,632)(227,993)(213,854)(134,775)(95,704)
Operating income (loss):38,212(9,931)38,00868,43977,851100,225
Nonoperating expense
(Other Nonoperating expense)
(20,084)(12,230)(8,885)(10,674)(11,687)(9,470)
Interest and debt expense(20,903)(264)(9,223)(12,229)(12,051)(9,996)
Income (loss) from continuing operations before equity method investments, income taxes:(2,775)(22,425)19,90045,53654,11380,759
Other undisclosed income from continuing operations before income taxes20,9032649,22312,22912,0519,996
Income (loss) from continuing operations before income taxes:18,128(22,161)29,12357,76566,16490,755
Income tax expense(7,371)(2,459)(9,103)(10,909)(15,799)(55,576)
Income (loss) from continuing operations:10,757(24,620)20,02046,85650,36535,179
Income (loss) before gain (loss) on sale of properties:(24,620)20,02046,85650,36535,179
Net income (loss):10,757(24,620)20,02046,85650,36535,179
Net income (loss) attributable to noncontrolling interest(4,647)9,004(9,056)(21,816)(23,321)(22,364)
Net income (loss) available to common stockholders, diluted:6,110(15,616)10,96425,04027,04412,815

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):10,757(24,620)20,02046,85650,36535,179
Other comprehensive income (loss)(2,125)48216166(253)1,074
Comprehensive income (loss):8,632(24,572)20,23647,02250,11236,253
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,567)8,994(9,074)(21,896)(23,199)(22,895)
Comprehensive income (loss), net of tax, attributable to parent:5,065(15,578)11,16225,12626,91313,358

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.

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