RMAX · As filed with the SEC
RE/MAX Holdings cash flow statement, by fiscal year
The statement as RE/MAX Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net income (loss) | 13,433,000 | 8,077,000 | (98,486,000) | 10,757,000 | (24,620,000) | 20,020,000 | 46,856,000 | 50,365,000 |
| Adjustments to reconcile net income (loss) to operating cash flows: | ||||||||
| Depreciation and amortization | 25,848,000 | 29,561,000 | 32,414,000 | 35,769,000 | 31,333,000 | 26,691,000 | 22,323,000 | 20,678,000 |
| Equity-based compensation expense | 16,627,000 | 18,855,000 | 19,536,000 | 22,044,000 | 34,298,000 | 16,267,000 | 10,934,000 | 9,176,000 |
| Bad debt expense | 3,278,000 | 1,359,000 | 6,784,000 | 2,581,000 | (1,345,000) | 2,903,000 | 4,964,000 | 2,257,000 |
| Loss on early extinguishment of debt | — | — | — | — | 264,000 | — | — | — |
| Deferred income tax expense (benefit) | (455,000) | (2,102,000) | 49,387,000 | (183,000) | (2,528,000) | 1,840,000 | 2,310,000 | 9,552,000 |
| Fair value adjustments to contingent consideration | (109,000) | (225,000) | (533,000) | (133,000) | 309,000 | 814,000 | 241,000 | (1,289,000) |
| Payments pursuant to tax receivable agreements | — | — | — | — | — | — | (3,556,000) | (6,305,000) |
| Non-cash settlement and impairment charges | 401,000 | — | — | — | — | — | — | — |
| Net settlement payments | (5,581,000) | 5,483,000 | 55,150,000 | — | — | — | — | — |
| Impairment charge - goodwill | — | — | 18,633,000 | 7,100,000 | 5,123,000 | — | — | — |
| Impairment charge - leased assets | — | — | — | 6,248,000 | — | 7,902,000 | — | — |
| Loss on sale or disposition of assets, net | — | 190,000 | 406,000 | 1,320,000 | — | — | 342,000 | (139,000) |
| Non-cash lease benefit | — | — | — | (2,108,000) | — | — | — | — |
| Non-cash lease benefit | — | (2,928,000) | (2,847,000) | — | (1,335,000) | (508,000) | — | — |
| Non-cash loss on lease termination | — | — | — | 1,175,000 | — | — | — | — |
| Non-cash debt charges | 880,000 | 863,000 | 860,000 | 861,000 | — | — | — | — |
| Gain on reduction in tax receivable agreement liability | — | — | (25,298,000) | (628,000) | 382,000 | 0 | 0 | (6,145,000) |
| Payment of contingent consideration in excess of acquisition date fair value | — | (360,000) | — | — | — | — | — | — |
| Change in estimated tax receivable agreement liability | — | 1,219,000 | — | — | — | — | — | — |
| Change in estimated tax receivable agreement liability | 763,000 | — | — | — | — | — | — | — |
| Other, net | 1,134,000 | (220,000) | 62,000 | 47,000 | 522,000 | 1,051,000 | 910,000 | 1,082,000 |
| Changes in operating assets and liabilities | ||||||||
| Accounts and notes receivable, net of allowances | (3,941,000) | 7,505,000 | (8,442,000) | 2,789,000 | 3,329,000 | (3,460,000) | (5,614,000) | (3,241,000) |
| Advances from/to affiliates | — | — | — | — | — | 0 | 0 | 581,000 |
| Other current and noncurrent assets | — | 712,000 | 6,461,000 | 5,163,000 | (2,090,000) | (10,665,000) | (6,084,000) | 2,170,000 |
| Other current and noncurrent liabilities | — | 1,542,000 | (20,249,000) | (17,533,000) | 11,882,000 | 9,035,000 | 6,737,000 | (3,497,000) |
| Payments pursuant to tax receivable agreements | (757,000) | (504,000) | (440,000) | (3,314,000) | (3,444,000) | (3,562,000) | — | — |
| Income taxes receivable/payable | (314,000) | (6,505,000) | 298,000 | (871,000) | (9,775,000) | 2,109,000 | 178,000 | 560,000 |
| Deferred revenue, current and noncurrent | — | — | — | — | — | — | (1,566,000) | 259,000 |
| Deferred revenue, current and noncurrent | (3,516,000) | (2,870,000) | (5,432,000) | 58,000 | 137,000 | 410,000 | — | — |
| Other assets and liabilities | (6,813,000) | — | — | — | — | — | — | — |
| Net cash provided by operating activities | 40,878,000 | 59,652,000 | 28,264,000 | 71,142,000 | 42,442,000 | 70,847,000 | 78,975,000 | 76,064,000 |
| Cash flows from investing activities: | ||||||||
| Purchases of property, equipment and capitalization of software | (7,374,000) | (6,622,000) | (6,419,000) | (9,932,000) | (15,239,000) | (6,903,000) | (13,226,000) | (7,787,000) |
| Acquisitions, net of cash, cash equivalents and restricted cash acquired in 2021 of $14.1 million | — | — | — | — | (180,002,000) | (10,627,000) | (14,945,000) | (25,888,000) |
| Restricted cash acquired with the Marketing Funds acquisition | — | — | — | — | — | 0 | 28,495,000 | — |
| Other | (408,000) | 746,000 | 776,000 | (1,568,000) | 319,000 | 0 | (1,200,000) | — |
| Net cash used in investing activities | (7,782,000) | (5,876,000) | (5,643,000) | (11,500,000) | (194,922,000) | (17,530,000) | (876,000) | (33,675,000) |
| Cash flows from financing activities: | ||||||||
| Payments on debt | — | — | — | — | — | — | (2,622,000) | (3,171,000) |
| Proceeds from the issuance of debt | — | — | — | — | 458,850,000 | — | — | — |
| Payments on debt | (4,600,000) | (4,600,000) | (4,600,000) | (4,600,000) | (227,390,000) | (2,634,000) | — | — |
| Debt amendment costs | (245,000) | — | — | — | (3,871,000) | — | — | — |
| Distributions paid to non-controlling unitholders | — | — | (8,655,000) | (13,832,000) | (14,206,000) | (14,058,000) | (15,430,000) | (14,559,000) |
| Dividends and dividend equivalents paid to Class A common stockholders | (498,000) | (599,000) | (13,553,000) | (18,186,000) | (17,833,000) | (16,354,000) | (15,074,000) | (14,306,000) |
| Payments related to tax withholding for share-based compensation | (4,589,000) | (3,075,000) | (4,367,000) | (6,524,000) | (5,329,000) | (2,544,000) | (1,110,000) | (895,000) |
| Common shares repurchased | — | — | (3,408,000) | (34,101,000) | — | — | — | — |
| Payment of contingent consideration | (791,000) | — | (1,234,000) | (1,120,000) | (869,000) | (409,000) | (306,000) | (221,000) |
| Other financing | (27,000) | 1,000 | — | — | — | — | — | — |
| Net cash used in financing activities | (10,750,000) | (8,273,000) | (35,817,000) | (78,363,000) | 189,352,000 | (35,999,000) | (34,542,000) | (33,152,000) |
| Effect of exchange rate changes on cash | 1,435,000 | (1,979,000) | 831,000 | (1,550,000) | 300,000 | 308,000 | 70,000 | (70,000) |
| Net decrease in cash, cash equivalents and restricted cash | 23,781,000 | 43,524,000 | (12,365,000) | (20,271,000) | 37,172,000 | 17,626,000 | 43,627,000 | 9,167,000 |
| Cash, cash equivalents and restricted cash, beginning of period | 169,287,000 | 125,763,000 | 138,128,000 | 158,399,000 | 121,227,000 | 103,601,000 | 59,974,000 | 50,807,000 |
| Cash, cash equivalents and restricted cash, end of period | 193,068,000 | 169,287,000 | 125,763,000 | 138,128,000 | 158,399,000 | 121,227,000 | 103,601,000 | 59,974,000 |
| Supplemental disclosures of cash flow information: | ||||||||
| Cash paid for interest | 30,775,000 | 35,549,000 | 34,732,000 | 19,826,000 | 10,794,000 | 8,663,000 | 11,690,000 | 11,525,000 |
| Net cash paid for income taxes | — | — | — | — | — | — | 8,429,000 | 5,769,000 |
| Increase in accounts payable for capitalization of trademark costs and purchases of property, equipment and software | — | — | — | — | — | — | — | 1,080,000 |
| Net cash paid for income taxes | 7,172,000 | 6,662,000 | 7,107,000 | 6,530,000 | 14,908,000 | 4,993,000 | — | — |
| Cash paid for lease termination | — | 33,000 | — | 1,285,000 | — | — | — | — |
| Class A shares issued as consideration for acquisitions | — | — | — | — | — | 8,800,000 | — | — |
| Increase (decrease) in accounts payable and accrued liabilities for purchases of property, equipment and capitalization of software | — | — | — | — | — | 1,419,000 | (94,000) | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.