Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Real estate brokerage commissions $ 393,203 $ 351,407 $ 245,333
Financing fees 25,921 21,132 16,522
Other revenues 16,771 13,177 12,850
Total revenues 435,895 385,716 274,705
Operating expenses:      
Cost of services 264,637 230,248 162,478
Selling, general, and administrative expense 115,661 103,479 85,801
Depreciation and amortization expense 3,043 2,981 2,971
Stock-based and other compensation in connection with IPO 31,268    
Total operating expenses 414,609 336,708 251,250
Operating income 21,286 49,008 23,455
Other income, net 655 433 350
Income before provision for income taxes 21,941 49,441 23,805
Provision for income taxes 13,735 21,507 10,355
Net income (loss) 8,206 27,934 13,450
Less Net loss attributable to Marcus & Millichap Real Estate Investment Services, Inc. prior to initial public offering on October 31, 2013 (1,045)    
Net income attributable to Marcus & Millichap, Inc. subsequent to initial public offering $ 9,251    
Earnings per share:      
Basic $ 0.24 [1]    
Diluted $ 0.24 [1]    
Weighted average common shares outstanding:      
Basic 38,787 [1]    
Diluted 38,815 [1]    
[1] Earnings per share information has not been presented for periods prior to the IPO on October 31, 2013.