Marcus & Millichap Inc
NYSE:MMI
Cash Flow Statement
Cash Flow Statement
Marcus & Millichap Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
13
|
18
|
24
|
50
|
56
|
61
|
63
|
66
|
68
|
68
|
68
|
65
|
62
|
60
|
60
|
52
|
58
|
64
|
70
|
87
|
85
|
84
|
83
|
77
|
74
|
53
|
40
|
43
|
45
|
76
|
104
|
143
|
160
|
171
|
158
|
104
|
66
|
15
|
(16)
|
(34)
|
(38)
|
|
Depreciation & Amortization |
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
6
|
6
|
6
|
6
|
7
|
7
|
8
|
8
|
9
|
9
|
10
|
11
|
11
|
12
|
12
|
12
|
13
|
13
|
13
|
13
|
13
|
13
|
14
|
14
|
14
|
|
Change in Deffered Taxes |
(8)
|
(8)
|
(8)
|
1
|
1
|
1
|
(4)
|
0
|
0
|
(0)
|
2
|
(1)
|
(1)
|
(0)
|
2
|
13
|
13
|
13
|
11
|
(0)
|
0
|
2
|
4
|
0
|
(1)
|
1
|
3
|
1
|
0
|
(3)
|
(8)
|
(12)
|
(12)
|
(13)
|
(11)
|
(6)
|
(4)
|
(1)
|
(9)
|
(6)
|
(15)
|
|
Stock-Based Compensation |
34
|
34
|
34
|
5
|
6
|
8
|
9
|
7
|
7
|
6
|
5
|
7
|
8
|
8
|
8
|
9
|
10
|
11
|
12
|
12
|
12
|
11
|
10
|
9
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
12
|
14
|
15
|
17
|
18
|
20
|
20
|
24
|
0
|
|
Other Non-Cash Items |
38
|
40
|
40
|
2
|
3
|
12
|
12
|
1
|
4
|
2
|
3
|
11
|
7
|
6
|
5
|
9
|
18
|
9
|
17
|
18
|
16
|
16
|
13
|
21
|
29
|
33
|
31
|
42
|
41
|
39
|
49
|
53
|
60
|
43
|
35
|
13
|
(5)
|
23
|
38
|
50
|
58
|
|
Cash Taxes Paid |
25
|
31
|
32
|
36
|
36
|
31
|
40
|
43
|
44
|
46
|
41
|
37
|
40
|
39
|
37
|
35
|
25
|
34
|
28
|
24
|
25
|
32
|
38
|
40
|
40
|
21
|
17
|
7
|
7
|
24
|
31
|
49
|
49
|
71
|
77
|
70
|
70
|
31
|
12
|
1
|
1
|
|
Cash Interest Paid |
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
4
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
|
Change in Working Capital |
(2)
|
5
|
11
|
16
|
7
|
11
|
1
|
1
|
(5)
|
(11)
|
(2)
|
(5)
|
(16)
|
(8)
|
(15)
|
(13)
|
(4)
|
(3)
|
(7)
|
6
|
(17)
|
(40)
|
(51)
|
(81)
|
(100)
|
(99)
|
(80)
|
(58)
|
(27)
|
(1)
|
9
|
61
|
(12)
|
(44)
|
(50)
|
(111)
|
(90)
|
(79)
|
(89)
|
(95)
|
(42)
|
|
Cash from Operating Activities |
44
N/A
|
58
+32%
|
70
+19%
|
71
+2%
|
71
-1%
|
88
+24%
|
75
-14%
|
72
-4%
|
71
-1%
|
63
-12%
|
75
+20%
|
75
-1%
|
56
-24%
|
63
+11%
|
58
-7%
|
67
+14%
|
91
+36%
|
89
-2%
|
96
+8%
|
117
+22%
|
92
-22%
|
70
-24%
|
56
-20%
|
25
-55%
|
11
-56%
|
(2)
N/A
|
3
N/A
|
38
+1 129%
|
71
+86%
|
123
+74%
|
166
+35%
|
256
+54%
|
209
-19%
|
171
-18%
|
145
-15%
|
14
-91%
|
(20)
N/A
|
(29)
-46%
|
(62)
-110%
|
(72)
-17%
|
(22)
+69%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(6)
|
(6)
|
(8)
|
(8)
|
(10)
|
(10)
|
(9)
|
(10)
|
(9)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(9)
|
(11)
|
(12)
|
(13)
|
(12)
|
(11)
|
(9)
|
(9)
|
|
Other Items |
1
|
0
|
0
|
(15)
|
(25)
|
(103)
|
(135)
|
(120)
|
(107)
|
(42)
|
(7)
|
29
|
8
|
21
|
14
|
(21)
|
(8)
|
(1)
|
(86)
|
(110)
|
(79)
|
(87)
|
6
|
5
|
(5)
|
(31)
|
(38)
|
(10)
|
(22)
|
(37)
|
(46)
|
(102)
|
(97)
|
(114)
|
(73)
|
(42)
|
69
|
97
|
117
|
84
|
(55)
|
|
Cash from Investing Activities |
(3)
N/A
|
(4)
-9%
|
(3)
+22%
|
(17)
-493%
|
(28)
-61%
|
(106)
-284%
|
(139)
-31%
|
(127)
+9%
|
(115)
+9%
|
(51)
+56%
|
(17)
+66%
|
20
N/A
|
(1)
N/A
|
12
N/A
|
6
-51%
|
(27)
N/A
|
(14)
+48%
|
(7)
+53%
|
(92)
-1 267%
|
(118)
-29%
|
(87)
+26%
|
(97)
-11%
|
(5)
+95%
|
(3)
+26%
|
(14)
-324%
|
(40)
-174%
|
(46)
-16%
|
(17)
+63%
|
(27)
-58%
|
(43)
-57%
|
(52)
-21%
|
(108)
-110%
|
(105)
+4%
|
(123)
-18%
|
(84)
+32%
|
(54)
+36%
|
56
N/A
|
85
+51%
|
106
+25%
|
75
-29%
|
(64)
N/A
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
1
|
(5)
|
(28)
|
(45)
|
(63)
|
(58)
|
(39)
|
(23)
|
|
Net Issuance of Debt |
(0)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(7)
|
(7)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Cash Paid for Dividends |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(50)
|
(50)
|
(60)
|
(61)
|
(21)
|
(21)
|
(20)
|
(20)
|
|
Other |
(38)
|
(11)
|
(3)
|
(6)
|
(2)
|
(1)
|
(2)
|
2
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(14)
|
(13)
|
(17)
|
(18)
|
(12)
|
(13)
|
(9)
|
(8)
|
|
Cash from Financing Activities |
5
N/A
|
30
+520%
|
39
+27%
|
(6)
N/A
|
(2)
+67%
|
(1)
+30%
|
(2)
-64%
|
2
N/A
|
(3)
N/A
|
(3)
-10%
|
(3)
N/A
|
(3)
+9%
|
(4)
-16%
|
(4)
N/A
|
(4)
N/A
|
(6)
-61%
|
(6)
-5%
|
(6)
-2%
|
(6)
-2%
|
(5)
+14%
|
(6)
-6%
|
(6)
-9%
|
(7)
-5%
|
(4)
+40%
|
(5)
-23%
|
(10)
-108%
|
(10)
-1%
|
(10)
-2%
|
(12)
-16%
|
(6)
+54%
|
(7)
-20%
|
(6)
+11%
|
(7)
-24%
|
(63)
-767%
|
(68)
-7%
|
(106)
-56%
|
(124)
-17%
|
(96)
+22%
|
(91)
+5%
|
(68)
+26%
|
(51)
+24%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(3)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
0
|
|
Net Change in Cash |
46
N/A
|
85
+86%
|
105
+24%
|
48
-54%
|
41
-15%
|
(20)
N/A
|
(66)
-227%
|
(53)
+20%
|
(47)
+11%
|
8
N/A
|
54
+562%
|
91
+68%
|
52
-43%
|
71
+37%
|
61
-15%
|
33
-45%
|
70
+110%
|
76
+8%
|
(2)
N/A
|
(6)
-259%
|
(1)
+82%
|
(33)
-2 927%
|
45
N/A
|
18
-60%
|
(8)
N/A
|
(52)
-517%
|
(53)
-2%
|
11
N/A
|
32
+202%
|
76
+136%
|
108
+43%
|
139
+29%
|
94
-32%
|
(19)
N/A
|
(10)
+46%
|
(146)
-1 350%
|
(88)
+40%
|
(41)
+54%
|
(47)
-15%
|
(65)
-39%
|
(138)
-111%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
40
N/A
|
55
+36%
|
67
+22%
|
69
+3%
|
68
-2%
|
84
+24%
|
71
-16%
|
65
-7%
|
63
-4%
|
54
-15%
|
65
+21%
|
65
N/A
|
48
-26%
|
54
+13%
|
51
-6%
|
60
+18%
|
84
+40%
|
83
-1%
|
90
+8%
|
109
+21%
|
83
-24%
|
60
-28%
|
46
-24%
|
17
-64%
|
2
-91%
|
(11)
N/A
|
(5)
+59%
|
31
N/A
|
65
+109%
|
118
+81%
|
160
+36%
|
249
+55%
|
201
-19%
|
162
-20%
|
133
-18%
|
2
-99%
|
(33)
N/A
|
(42)
-27%
|
(73)
-74%
|
(82)
-13%
|
(31)
+62%
|