Marcus & Millichap, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $51.5M | $64.7M | $66.4M | $49.5M | $8.2M | $27.9M | $13.5M |
| Depreciation & Amortization | $5.4M | $4.4M | $3.3M | $3.2M | $3.0M | $3.0M | $3.0M |
| Depreciation | — | — | — | — | — | — | — |
| Amortization | $0 | — | — | — | — | — | — |
| Stock-Based Compensation | $9.1M | $7.0M | $7.1M | $5.0M | $33.8M | $4.2M | $1.6M |
| Net Cash from Operating Activities | $66.5M | $74.5M | $72.1M | $71.4M | $96.9M | $35.4M | $17.8M |
| Investing Activities | |||||||
| Capital Expenditures | $6.6M | $9.5M | $6.8M | $2.6M | $4.8M | $4.6M | $3.1M |
| Business Acquisitions | $0 | $0 | — | — | — | — | — |
| Net Cash from Investing Activities | $-27.3M | $19.8M | — | — | $-4.0M | $-4.6M | $-2.7M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | $37.7M | $30.8M | $16.5M |
| Stock Repurchases | — | — | — | — | — | — | $131.0K |
| Net Cash from Financing Activities | $-5.8M | $-3.1M | — | — | $4.9M | $-30.8M | $-16.9M |
| Net Change in Cash | $33.4M | $91.2M | $-53.0M | $48.2M | $97.8M | $-51.0K | $-1.8M |
| Free Cash Flow | $60.0M | $65.0M | $65.3M | $68.9M | $92.1M | $30.8M | $14.7M |