Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 20

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 Other non-cash items1,756 (9)Changes in operating assets and liabilities:Commissions receivable1,203 (3,210)Prepaid expenses440 1,115 Advances and loans40,080 (12,102)Other assets(3,851)(5,444)Accounts payable and accrued expenses663 4,449 Income tax receivable(341)(445)Accrued bonuses and other employee related expenses(6,675)(2,104)Deferred compensation and commissions(27,567)(25,777)Operating lease liabilities(15,045)(14,220)Other liabilities3,013 1,036 Net cash provided by (used in) operating activities20,389 (34,941)Cash flows from investing activitiesPurchases of marketable debt securities, available-for-sale(285,048)(108,203)Proceeds from sales and maturities of marketable debt securities, available-for-sale261,417 169,849 Issuances of employee notes receivable(104)— Payments received on employee notes receivable— 5 Purchase of property and equipment(5,476)(6,344)Net cash (used in) provided by investing activities(29,211)55,307 Cash flows from financing activitiesTaxes paid related to net share settlement of stock-based awards(5,788)(5,753)Proceeds from issuance of shares pursuant to employee stock purchase plan441 424 Dividends paid(10,755)(10,487)Principal payments on stock appreciation rights liability(2,230)(1,976)Principal payments on deferred and contingent consideration(1,118)— Cash paid for stock repurchases(7,975)(554)Net cash used in financing activities(27,425)(18,346)Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash162 (56)Net (decrease) increase in cash, cash equivalents, and restricted cash(36,085)1,964 Cash, cash equivalents, and restricted cash at beginning of period153,445 170,753 Cash, cash equivalents, and restricted cash at end of period$117,360 $172,717 Supplemental cash flow disclosures:  Interest paid during the period$466 $569 Income taxes paid, net$387 $444 Supplemental disclosures of non-cash investing and financing activities:  Reduction of accrued