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MMI Stock Price Correlated With Marcus and Millichap Financials
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Income Statement
Cash Flow
Balance Sheet
MMI Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
MMI Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
MMI Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
1.
Description of business, basis of
presentation, recent accounting pronouncements and accounting
policies
Description of Business
Marcus & Millichap, Inc., (the “Company”,
“Marcus & Millichap”, or “MMI”), a
Delaware corporation, is a brokerage firm specializing in
commercial real estate investment sales, financing, research and
advisory services. MMI operates 76 offices in the United States and
Canada through its two wholly owned subsidiaries, Marcus &
Millichap Real Estate Investment Services, Inc.
(“MMREIS”) and Marcus & Millichap Capital
Corporation (“MMCC”).
Reorganization and Initial Public Offering
MMI was formed in June 2013 in preparation for Marcus &
Millichap Company (“MMC”) to spin-off its majority
owned subsidiary, MMREIS (“Spin-Off”). Prior to the
initial public offering (“IPO”) of MMI stock on
October 30, 2013, all of the preferred and common stockholders
of MMREIS (including MMC and officers and employees of MMREIS)
contributed all of their outstanding shares to the Company, in
exchange for MMI offering common stock, and MMREIS became
MMI’s wholly-owned subsidiary. Thereafter, MMC distributed
80.0% of the shares of MMI common stock to MMC’s shareholders
and exchanged the remaining portion of its shares of MMI common
stock for cancellation of indebtedness of MMC.
Prior to the Spin-Off, MMI and MMREIS were affiliates under common
control, and the assets and liabilities of MMREIS were recorded at
carryover basis at the Spin-Off date. The historical financial
statements of MMREIS, as the Company’s predecessor, have been
presented as the historical financial statements of the Company for
all periods prior to the Spin-Off from the beginning of the
earliest period presented.
On November 5, 2013, MMI completed its Initial Public Offering
(“IPO”) of 6,900,000 shares of common stock at a price
to the public of $12.00 per share. See Note 7 –
“Stockholders’ Equity” for additional
information.
Basis of Presentation
The financial information presented in the accompanying unaudited
condensed consolidated financial statements, have been prepared in
accordance with rules and regulations of the U.S. Securities and
Exchange Commission (“SEC”) for quarterly reports on
Form 10–Q and Article 10-01 of Regulation S-X.
Accordingly, they do not include all of the information and
footnotes required by U.S. generally accepted accounting principles
(“GAAP”) for complete financial statements. In the
opinion of management, the accompanying unaudited condensed
consolidated financial statements and notes include all adjustments
(consisting only of normal recurring adjustments) necessary for a
fair presentation of the consolidated financial position, results
of operations and cash flows for the periods presented. These
unaudited condensed consolidated financial statements should be
read in conjunction with the annual audited consolidated financial
statements and notes thereto for the year ended December 31,
2013 included in the Company’s Annual Report on Form 10-K
filed on March 21, 2014, with the SEC. The results of the
three months ended March 31, 2014 are not necessarily
indicative of the results to be expected for the fiscal year ending
December 31, 2014, or for other interim periods or future
years.
Consolidation
The accompanying condensed consolidated financial statements
include the accounts of the Company and its wholly owned
subsidiaries. All significant intercompany balances and
transactions have been eliminated in consolidation.
Use of Estimates
The preparation of consolidated financial statements in conformity
with GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and the
related disclosures at the date of the consolidated financial
statements and the reported amounts of revenues and expenses during
the reporting period. Actual results could differ from those
estimates.
Concentration of Credi
Description of business, basis of
presentation, recent accounting pronouncements and accounting
policies
Description of Business
Marcus & Millichap, Inc., (the “Company”,
“Marcus & Millichap”, or “MMI”), a
Delaware corporation, is a brokerage firm specializing in
commercial real estate investment sales, financing, research and
advisory services. MMI operates 76 offices in the United States and
Canada through its two wholly owned subsidiaries, Marcus &
Millichap Real Estate Investment Services, Inc.
(“MMREIS”) and Marcus & Millichap Capital
Corporation (“MMCC”).
Reorganization and Initial Public Offering
MMI was formed in June 2013 in preparation for Marcus &
Millichap Company (“MMC”) to spin-off its majority
owned subsidiary, MMREIS (“Spin-Off”). Prior to the
initial public offering (“IPO”) of MMI stock on
October 30, 2013, all of the preferred and common stockholders
of MMREIS (including MMC and officers and employees of MMREIS)
contributed all of their outstanding shares to the Company, in
exchange for MMI offering common stock, and MMREIS became
MMI’s wholly-owned subsidiary. Thereafter, MMC distributed
80.0% of the shares of MMI common stock to MMC’s shareholders
and exchanged the remaining portion of its shares of MMI common
stock for cancellation of indebtedness of MMC.
Prior to the Spin-Off, MMI and MMREIS were affiliates under common
control, and the assets and liabilities of MMREIS were recorded at
carryover basis at the Spin-Off date. The historical financial
statements of MMREIS, as the Company’s predecessor, have been
presented as the historical financial statements of the Company for
all periods prior to the Spin-Off from the beginning of the
earliest period presented.
On November 5, 2013, MMI completed its Initial Public Offering
(“IPO”) of 6,900,000 shares of common stock at a price
to the public of $12.00 per share. See Note 7 –
“Stockholders’ Equity” for additional
information.
Basis of Presentation
The financial information presented in the accompanying unaudited
condensed consolidated financial statements, have been prepared in
accordance with rules and regulations of the U.S. Securities and
Exchange Commission (“SEC”) for quarterly reports on
Form 10–Q and Article 10-01 of Regulation S-X.
Accordingly, they do not include all of the information and
footnotes required by U.S. generally accepted accounting principles
(“GAAP”) for complete financial statements. In the
opinion of management, the accompanying unaudited condensed
consolidated financial statements and notes include all adjustments
(consisting only of normal recurring adjustments) necessary for a
fair presentation of the consolidated financial position, results
of operations and cash flows for the periods presented. These
unaudited condensed consolidated financial statements should be
read in conjunction with the annual audited consolidated financial
statements and notes thereto for the year ended December 31,
2013 included in the Company’s Annual Report on Form 10-K
filed on March 21, 2014, with the SEC. The results of the
three months ended March 31, 2014 are not necessarily
indicative of the results to be expected for the fiscal year ending
December 31, 2014, or for other interim periods or future
years.
Consolidation
The accompanying condensed consolidated financial statements
include the accounts of the Company and its wholly owned
subsidiaries. All significant intercompany balances and
transactions have been eliminated in consolidation.
Use of Estimates
The preparation of consolidated financial statements in conformity
with GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and the
related disclosures at the date of the consolidated financial
statements and the reported amounts of revenues and expenses during
the reporting period. Actual results could differ from those
estimates.
Concentration of Credi
Free historical financial statements for Marcus & Millichap Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 40 quarters since 2014. Compare with MMI stock chart to see long term trends.
Data imported from Marcus & Millichap Inc SEC filings. Check original filings before making any investment decision.