Company: MMI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001578732-25-000031
Chunk: 20

Company: Marcus & Millichap, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 items2,238 (710)Changes in operating assets and liabilities:Commissions receivable5,342 2,192 Prepaid expenses1,888 1,267 Advances and loans1,687 (4,304)Other assets1,627 (864)Accounts payable and accrued expenses(3,884)1,098 Income tax receivable(20)(162)Accrued bonuses and other employee related expenses(14,703)(11,840)Deferred compensation and commissions(42,316)(34,159)Operating lease liabilities(5,145)(4,934)Other liabilities(116)1,110 Net cash used in operating activities(52,841)(51,021)Cash flows from investing activitiesPurchases of marketable debt securities, available-for-sale(61,265)(66,045)Proceeds from sales and maturities of marketable debt securities, available-for-sale119,924 47,083 Purchase of property and equipment(1,491)(2,639)Net cash provided by (used in) investing activities57,168 (21,601)Cash flows from financing activitiesTaxes paid related to net share settlement of stock-based awards(4,720)(4,378)Dividends paid(697)(592)Principal payments on stock appreciation rights liability(2,230)(1,976)Cash paid for stock repurchases(425)(554)Net cash used in financing activities(8,072)(7,500)Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash4 (75)Net decrease in cash, cash equivalents, and restricted cash(3,741)(80,197)Cash, cash equivalents, and restricted cash at beginning of period153,445 170,753 Cash, cash equivalents, and restricted cash at end of period$149,704 $90,556 Supplemental cash flow disclosures:  Interest paid during the period$385 $492 Income taxes paid, net$21 $162 Supplemental disclosures of non-cash investing and financing activities:  Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable$6 $13 Unpaid purchases of property and equipment$269 $437 Right-of-use assets obtained in exchange for operating lease liabilities$4,976 $8,541 Dividend payable$10,230 $10,088 See accompanying notes to