RE/MAX Holdings, Inc. (RMAX) financial statements (2022 and earlier)

Company profile

Business Address 5075 SOUTH SYRACUSE STREET
DENVER, CO 80237
State of Incorp. CO
Fiscal Year End December 31
SIC 6531 - Real Estate Agents and Managers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments126,270101,35583,00159,97450,80757,609
Cash and cash equivalents126,270101,35583,00159,97450,80757,609
Restricted cash and investments32,12919,87220,600   
Receivables36,36531,20729,54021,71822,17419,419
Other current assets16,01013,9389,6385,8556,9244,186
Total current assets:210,774166,372142,77987,54779,90581,214
Noncurrent Assets
Operating lease, right-of-use asset36,52338,87851,129
Nontrade receivables1,8031,9801,690   
Property, plant and equipment12,6867,8725,4444,3902,9052,691
Intangible assets, net (including goodwill)445,477265,129279,023276,806263,038245,584
Goodwill269,115165,358159,038150,684135,213126,633
Intangible assets, net (excluding goodwill)176,36299,771119,985126,122127,825118,951
Regulated entity, other noncurrent assets   1,4811,780 
Deferred income tax assets51,31450,70252,595
Other noncurrent assets17,55615,4359,6924,3991,5631,894
Deferred tax assets, net  105,770
Other undisclosed noncurrent assets   52,21757,371 
Total noncurrent assets:565,359379,996399,573339,293326,657355,939
TOTAL ASSETS:776,133546,368542,352426,840406,562437,153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities104,50380,25870,00015,24116,04014,332
Accounts payable5,1892,1082,9831,890517855
Accrued liabilities96,76868,57160,16313,14315,39013,098
Taxes payable2,5469,5796,854208133379
Deferred revenue27,17825,28225,663
Debt4,6002,4287,7502,6222,3502,350
Due to related parties   500100145
Deferred revenue and credits18,91816,306
Contract with customer, liability25,489
Other liabilities     170
Other undisclosed current liabilities9,9389,2773,5833,0676,15213,235
Total current liabilities:146,219117,245106,99646,91943,56046,538
Noncurrent Liabilities
Long-term debt and lease obligation493,407271,416278,992225,165226,636228,470
Long-term debt, excluding current maturities447,459221,137223,033225,165226,636228,470
Operating lease, liability45,94850,27955,959
Liabilities, other than long-term debt40,54726,07624,34838,26120,04815,862
Deferred revenue18,92919,86418,763
Contract with customer, liability20,224
Deferred tax liabilities, net400151133
Deferred income tax liabilities14,699490293
Other liabilities6,9195,7225,29217,63719,89715,729
Other undisclosed noncurrent liabilities26,89329,97433,64037,22046,92385,574
Total noncurrent liabilities:560,847327,466336,980300,646293,607329,906
Total liabilities:707,066444,711443,976347,565337,167376,444
Stockholders' equity
Stockholders' equity attributable to parent, including:508,274517,664497,886481,569467,743463,783
Additional paid in capital515,443491,422466,945460,101451,199447,001
Accumulated other comprehensive income (loss)650612414328515(28)
Retained earnings (accumulated deficit)(7,821)25,62830,52521,13816,02716,808
Other undisclosed stockholders' equity attributable to parent222222
Stockholders' equity attributable to noncontrolling interest(439,207)(416,007)(399,510)(402,294)(398,348)(403,074)
Total stockholders' equity:69,067101,65798,37679,27569,39560,709
TOTAL LIABILITIES AND EQUITY:776,133546,368542,352426,840406,562437,153

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues329,701266,001282,293212,626195,929176,302
Revenue, net58,43457,784
Gross profit:329,701266,001282,293212,626195,929176,302
Operating expenses(339,632)(227,408)(213,854)(134,775)(95,704)(103,901)
Operating income (loss):(9,931)38,59368,43977,851100,22572,401
Nonoperating expense
(Other Nonoperating expense)
(12,230)(8,885)(10,674)(11,687)(9,470)(9,318)
Interest and debt expense(264)(9,223)(12,229)(12,051)(9,996)(796)
Income (loss) from continuing operations before equity method investments, income taxes:(22,425)20,48545,53654,11380,75962,287
Other undisclosed income from continuing operations before income taxes2649,22312,22912,0519,996796
Income (loss) from continuing operations before income taxes:(22,161)29,70857,76566,16490,75563,083
Income tax expense(2,459)(9,162)(10,909)(15,799)(55,576)(15,273)
Net income (loss):(24,620)20,54646,85650,36535,17947,810
Net income (loss) attributable to noncontrolling interest9,004(9,296)(21,816)(23,321)(22,364)(25,073)
Net income (loss) available to common stockholders, diluted:(15,616)11,25025,04027,04412,81522,737

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(24,620)20,54646,85650,36535,17947,810
Other comprehensive income (loss)48216166(253)1,074165
Comprehensive income (loss):(24,572)20,76247,02250,11236,25347,975
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8,994(9,314)(21,896)(23,199)(22,895)(25,161)
Comprehensive income (loss), net of tax, attributable to parent:(15,578)11,44825,12626,91313,35822,814

Statements sources

The financial statements are based on the company's filings with the 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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