Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net income $ 49,531us-gaap_NetIncomeLoss $ 8,206us-gaap_NetIncomeLoss $ 27,934us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 3,206us-gaap_DepreciationAndAmortization 3,043us-gaap_DepreciationAndAmortization 2,981us-gaap_DepreciationAndAmortization
Provision for bad debt expense 29us-gaap_ProvisionForDoubtfulAccounts 207us-gaap_ProvisionForDoubtfulAccounts 97us-gaap_ProvisionForDoubtfulAccounts
Stock-based compensation 5,034us-gaap_ShareBasedCompensation 33,817us-gaap_ShareBasedCompensation 4,209us-gaap_ShareBasedCompensation
Deferred taxes, net 877us-gaap_DeferredIncomeTaxExpenseBenefit (9,276)us-gaap_DeferredIncomeTaxExpenseBenefit  
Other non-cash items 372us-gaap_OtherNoncashIncomeExpense 66us-gaap_OtherNoncashIncomeExpense 19us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities:      
Commissions receivable (174)mmi_IncreaseDecreaseInCommissionsReceivable 1,969mmi_IncreaseDecreaseInCommissionsReceivable (3,297)mmi_IncreaseDecreaseInCommissionsReceivable
Prepaid expenses (3,216)us-gaap_IncreaseDecreaseInPrepaidExpense (1,414)us-gaap_IncreaseDecreaseInPrepaidExpense (547)us-gaap_IncreaseDecreaseInPrepaidExpense
Prepaid rent 1,354us-gaap_IncreaseDecreaseInPrepaidRent (2,144)us-gaap_IncreaseDecreaseInPrepaidRent 103us-gaap_IncreaseDecreaseInPrepaidRent
Investments held in rabbi trust (48)mmi_IncreaseDecreaseInvestmentsInTrustAccount (1,162)mmi_IncreaseDecreaseInvestmentsInTrustAccount (497)mmi_IncreaseDecreaseInvestmentsInTrustAccount
Other assets (1,243)us-gaap_IncreaseDecreaseInOtherOperatingAssets (595)us-gaap_IncreaseDecreaseInOtherOperatingAssets 172us-gaap_IncreaseDecreaseInOtherOperatingAssets
Due to (from) affiliates   60,389us-gaap_IncreaseDecreaseInDueToAffiliates (19,884)us-gaap_IncreaseDecreaseInDueToAffiliates
Accounts payable and accrued expenses 2,711us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (8,043)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 6,791us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accounts payable and accrued expenses - related party (409)us-gaap_IncreaseDecreaseInDueToRelatedParties 506us-gaap_IncreaseDecreaseInDueToRelatedParties  
Income tax (receivable) payable (3,860)mmi_IncreaseDecreaseInIncomeTaxesReceivablePayable 6,459mmi_IncreaseDecreaseInIncomeTaxesReceivablePayable  
Commissions payable 3,846mmi_CommissionPayableIncreaseDecrease 2,502mmi_CommissionPayableIncreaseDecrease 9,008mmi_CommissionPayableIncreaseDecrease
Accrued bonuses and other employee related expenses 10,846us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (572)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 7,831us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Deferred compensation and commissions 4,536mmi_DeferredCompensationAndCommissionsIncreaseDecrease 3,086mmi_DeferredCompensationAndCommissionsIncreaseDecrease 2,495mmi_DeferredCompensationAndCommissionsIncreaseDecrease
Other liabilities (1,955)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (100)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (2,061)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 71,437us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 96,944us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 35,354us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities      
Purchases of marketable securities, available for sale (14,700)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt    
Payments received on employee notes receivable 126us-gaap_ProceedsFromCollectionOfNotesReceivable 1,173us-gaap_ProceedsFromCollectionOfNotesReceivable 458us-gaap_ProceedsFromCollectionOfNotesReceivable
Issuances of employee notes receivable (86)us-gaap_PaymentsToAcquireNotesReceivable (434)us-gaap_PaymentsToAcquireNotesReceivable (706)us-gaap_PaymentsToAcquireNotesReceivable
Purchase of property and equipment (2,566)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4,795)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (4,563)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment 1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 32us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 174us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash (used in) investing activities (17,225)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (4,024)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (4,637)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities      
Proceeds from issuance of shares pursuant to employee stock purchase plan 410us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans    
Withholding taxes paid related to net share settlement of equity awards (5,982)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation    
Realized tax benefit of deductible IPO transaction costs 840us-gaap_ProceedsFromPaymentsForOtherFinancingActivities    
Distribution related to stock appreciation rights liability (412)mmi_DistributionRelatedToStockAppreciationRightsLiabilityForTaxesPayable    
Dividends paid to Marcus & Millichap Company   (37,681)us-gaap_PaymentsOfDividends (30,756)us-gaap_PaymentsOfDividends
Payments on obligations under capital leases (16)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (58)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (98)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Principal payments on notes payable to former stockholders (851)us-gaap_RepaymentsOfNotesPayable    
Payments received on stock notes receivable from employees 6us-gaap_RepaymentOfNotesReceivableFromRelatedParties 158us-gaap_RepaymentOfNotesReceivableFromRelatedParties 86us-gaap_RepaymentOfNotesReceivableFromRelatedParties
Proceeds from initial public offering, net of issuance costs   42,506mmi_ProceedsFromIssuanceInitialPublicOfferingExcludingUnpaidDeferredOfferingCostsIncludedInAccountsPayableAndOtherAccruedExpensesAsOfPeriodEnd  
Net cash (used in) provided by financing activities (6,005)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 4,925us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (30,768)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents 48,207us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 97,845us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (51)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 100,952us-gaap_CashAndCashEquivalentsAtCarryingValue 3,107us-gaap_CashAndCashEquivalentsAtCarryingValue 3,158us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 149,159us-gaap_CashAndCashEquivalentsAtCarryingValue 100,952us-gaap_CashAndCashEquivalentsAtCarryingValue 3,107us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information      
Interest paid during the period 635us-gaap_InterestPaid 1us-gaap_InterestPaid 4us-gaap_InterestPaid
Income taxes paid (paid to former parent in 2013 and 2012) 35,596us-gaap_IncomeTaxesPaid 29,702us-gaap_IncomeTaxesPaid 17,880us-gaap_IncomeTaxesPaid
Supplemental disclosures of noncash investing and financing activities      
Tax benefit from share-based award activity included in income tax (receivable)payable 4,310mmi_TaxBenefitFromShareBasedAwardActivityIncludedInIncomeTaxReceivablePayable    
Deferred offering costs included in accounts payable and accrued expenses   193mmi_NonCashCapitalizedDeferredOfferingCosts  
Net change in accounts payable and accrued expenses related to property and equipment additions (134)us-gaap_CapitalExpendituresIncurredButNotYetPaid 216us-gaap_CapitalExpendituresIncurredButNotYetPaid  
Issuance of restricted stock for notes receivable   21mmi_IssuanceOfRestrictedStockForNotesReceivable 90mmi_IssuanceOfRestrictedStockForNotesReceivable
Deemed capital (distribution) contribution from Marcus & Millichap Company   $ (3,291)mmi_DeemedCapitalContributionDistribution $ 4,209mmi_DeemedCapitalContributionDistribution