Marcus Millichap Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
MMI$24.62-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(in thousands, except for shares and par value)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents, and restricted cash | $170,753 | $235,873 |
| Commissions receivable | 16,171 | 8,453 |
| Prepaid expenses | 8,813 | 9,411 |
| Income tax receivable | 9,299 | 8,682 |
| Marketable debt securities, available-for-sale (amortized cost of $169,018 and $254,682 at December 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses) | 168,881 | 253,434 |
| Advances and loans, net | 3,574 | 4,005 |
| Other assets, current | 16,203 | 7,282 |
| Total current assets | 393,694 | 527,140 |
| Property and equipment, net | 27,450 | 27,644 |
| Operating lease right-of-use assets, net | 90,058 | 87,945 |
| Marketable debt securities, available-for-sale (amortized cost of $69,538 and $72,819 at December 31, 2023 and December 31, 2022, respectively, and $0 allowance for credit losses) | 67,459 | 68,595 |
| Assets held in rabbi trust | 10,838 | 9,553 |
| Deferred tax assets, net | 46,930 | 41,321 |
| Goodwill and other intangible assets, net | 51,183 | 55,696 |
| Advances and loans, net | 175,827 | 169,955 |
| Other assets, non-current | 14,972 | 15,859 |
| Total assets | $878,411 | $1,003,708 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $8,126 | $11,450 |
| Deferred compensation and commissions | 55,769 | 75,321 |
| Operating lease liabilities | 18,336 | 16,984 |
| Accrued bonuses and other employee related expenses | 19,119 | 38,327 |
| Other liabilities, current | 3,919 | 9,933 |
| Total current liabilities | 105,269 | 152,015 |
| Deferred compensation and commissions | 47,771 | 64,461 |
| Operating lease liabilities | 69,407 | 65,109 |
| Other liabilities, non-current | 10,690 | 8,614 |
| Total liabilities | 233,137 | 290,199 |
| Commitments and contingencies | — | — |
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value: | ||
| Authorized shares – 25,000,000; issued and outstanding shares – none at December 31, 2023 and December 31, 2022, respectively | — | — |
| Common stock, $0.0001 par value: | ||
| Authorized shares – 150,000,000; issued and outstanding shares – 38,412,484 and 39,255,838 at December 31, 2023 and December 31, 2022, respectively | 4 | 4 |
| Additional paid-in capital | 153,740 | 131,541 |
| Retained earnings | 492,298 | 585,581 |
| Accumulated other comprehensive loss | (768) | (3,617) |
| Total stockholders’ equity | 645,274 | 713,509 |
| Total liabilities and stockholders’ equity | $878,411 | $1,003,708 |
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