Company: MMI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001578732-25-000015
Chunk: 34

Company: Marcus & Millichap, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 34
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,562 — 847 — — 847 Issuance of common stock for vesting of restricted stock units— — 557,259 — — — — — Issuance of common stock for unvested restricted stock awards— — 16,121 — — — — — Shares withheld related to net share settlement of stock-based awards— — (168,681)— (5,872)— — (5,872)Issuance of common stock for stock settled deferred consideration— — 25,945 — 833 — — 833 Repurchases of common stock— — (16,900)— — (785)— (785)Balance as of December 31, 2024— $— 38,856,790 $4 $173,340 $458,907 $(1,433)$630,818 

See accompanying notes to consolidated financial statements. 

F-8

Table of ContentsMARCUS & MILLICHAP, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)

Years Ended December 31,202420232022Cash flows from operating activitiesNet (loss) income$(12,362)$(34,035)$104,225 Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:Depreciation and amortization16,589 13,627 13,406 Non-cash lease expense24,987 26,348 23,112 Credit loss expense (recovery)578 (128)(51)Stock-based compensation23,792 24,146 17,312 Deferred taxes, net(1,416)(6,429)(6,073)Unrealized foreign exchange losses (gains)191 (37)534 Net realized losses (gains) on marketable debt securities, available-for-sale— 190 (86)Other non-cash items(1,665)(341)(973)Changes in operating assets and liabilities:Commissions receivable(3,448)(7,590)8,445 Prepaid expenses(498)599 3,802 Advances and loans(12,811)(5,177)(54,818)Other assets(8,798)(7,208)(9,830)Accounts payable and accrued expenses5,685