← RE/MAX Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $10.8m ($98.5m) $8.1m $13.4m
Net Income (Loss) Attributable to Parent $22.7m $12.8m $27.0m $25.0m $11.2m ($15.6m) $6.1m ($69.0m) $7.1m $13.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $47.8m $35.2m $50.4m $46.9m $20.5m ($24.6m) $10.8m ($98.5m) $8.1m $13.4m
Net Income (Loss) Attributable to Noncontrolling Interest $25.1m $22.4m $23.3m $21.8m $9.3m ($9.0m) $4.6m ($29.5m) $954k $5.3m
Depreciation, Depletion and Amortization $16.1m $20.5m $20.7m $22.3m $26.1m $31.3m $35.8m $32.4m $29.6m $25.8m
Depreciation $16.1m $20.5m $20.7m $1.7m $1.8m $2.2m $2.4m $2.5m $2.4m $2.4m
Amortization of Debt Issuance Costs and Discounts $445k — — — — — ($2.1m) — — —
Amortization of Intangible Assets $15.2m $19.6m $19.5m $20.6m $24.4m $29.1m $33.4m $29.9m $27.2m $23.5m
Depreciation, Nonproduction $868k $900k $1.2m — — — — — — —
Depreciation Amortization Depletion — — — — — — $35.8m $32.4m $29.6m $25.8m
Deferred Income Tax Expense (Benefit) $3.5m $46.5m $9.6m $2.3m $1.9m ($2.5m) ($183k) $49.4m ($2.1m) ($455k)
Deferred Income Tax — — — — — — ($885k) $24.1m ($883k) $308k
Deferred Tax — — — — — — ($885k) $24.1m ($883k) $308k
Share-based Payment Arrangement, Noncash Expense $2.3m $2.9m $9.2m $10.9m $16.3m $34.3m $22.0m $19.5m $18.9m $16.6m
Payment, Tax Withholding, Share-based Payment Arrangement $516k $816k $895k $1.1m $2.5m $5.3m $6.5m $4.4m $3.1m $4.6m
Share-based Payment Arrangement, Expense — — $9.2m $10.9m $16.3m $34.3m $22.0m $19.5m $18.9m $16.6m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $5.1m $7.1m $18.6m — —
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $0 — $0
Operating Lease, Impairment Loss — — — — $7.9m — $6.2m — — —
Asset Impairment Charge — — — — — — $15.9m $6.8m $1.4m $3.3m
Gain (Loss) on Extinguishment of Debt ($796k) — — — — ($264k) — — — —
Gain (Loss) on Disposition of Assets ($178k) ($4.3m) $139k ($342k) ($503k) ($5k) ($1.3m) ($406k) ($190k) —
Income Tax Expense (Benefit) $15.3m $55.6m $15.8m $10.9m $9.2m $2.5m $7.4m $56.9m ($1.9m) $6.2m
Other Nonoperating Income (Expense) ($9.3m) ($9.5m) ($11.7m) ($10.7m) ($8.9m) ($12.2m) ($20.1m) ($30.9m) ($34.0m) ($27.4m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($362k) $2.4m ($2.2m) $6.1m $10.7m $2.1m ($5.2m) ($6.5m) ($712k) —
Accretion Expense $59k — — — — — — — — —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal ($178k) ($660k) ($63k) ($342k) — — — — — —
Foreign Currency Transaction Gain (Loss), Realized ($86k) $174k ($312k) $109k ($2k) ($839k) ($641k) $419k ($1.5m) $705k
Gain (Loss) on Termination of Lease — — — — — — ($2.5m) — — —
Goodwill $126.6m $135.2m $150.7m $159.0m $165.4m $269.1m $258.6m $241.2m $237.2m $239.6m
Operating Expenses $103.9m $95.7m $134.8m $213.9m $227.4m $339.6m $315.2m $336.3m $267.5m $244.6m
Proceeds from Stock Options Exercised $101k — — — — — — — — —
Beginning Cash Position — — — — — — $158.4m $138.1m $125.8m $169.3m
Cash Flow From Continuing Financing Activities — — — — — — ($78.4m) ($35.8m) ($8.3m) ($10.8m)
Cash Flow From Continuing Investing Activities — — — — — — ($11.5m) ($5.6m) ($5.9m) ($7.8m)
Change In Other Current Assets — — — — — ($2.1m) $5.2m $6.5m $712k —
Change In Other Current Liabilities — — — — — $11.9m ($17.5m) ($20.2m) $1.5m —
Change In Other Working Capital — — — — — — ($813k) ($21.8m) ($10.0m) ($10.6m)
Change In Receivables — — — — — — $2.8m ($8.4m) $7.5m ($3.9m)
Change In Working Capital — — — — — — ($10.4m) ($30.2m) ($2.5m) ($14.6m)
Changes In Cash — — — — — — ($18.7m) ($13.2m) $45.5m $22.3m
End Cash Position — — — — — — $138.1m $125.8m $169.3m $193.1m
Financing Cash Flow — — — — — — ($78.4m) ($35.8m) ($8.3m) ($10.8m)
Free Cash Flow — — — — — — $61.2m $21.8m $53.0m $33.5m
Investing Cash Flow — — — — — — ($11.5m) ($5.6m) ($5.9m) ($7.8m)
Net Business Purchase And Sale — — — — — ($180.0m) $0 $0 — —
Net PPE Purchase And Sale — — — — — — ($9.9m) ($6.4m) ($6.6m) ($7.4m)
Operating Gains Losses — — — — — ($6k) $1.3m $406k $190k —
Other Non Cash Items — — — — — — ($3.4m) $74.1m $5.2m ($4.0m)
Purchase Of Business — — — — — ($180.0m) $0 $0 — —
Purchase Of PPE $4.4m $2.2m $7.8m $13.2m $6.9m $15.2m ($9.9m) ($6.4m) ($6.6m) ($7.4m)
Repurchase Of Capital Stock — — — — — — ($34.1m) ($3.4m) $0 $0
Stock Based Compensation — — — — — — $22.0m $19.5m $18.9m $16.6m
Other Operating Income (Expense), Net — — — — — ($1.1m) ($24k) ($2.1m) ($2.9m) ($1.9m)
Net Cash Provided by (Used in) Operating Activities $64.4m $63.3m $76.1m $79.0m $70.8m $42.4m $71.1m $28.3m $59.7m $40.9m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($9.9m) ($6.4m) ($6.6m) ($7.4m)
Payments to Acquire Businesses, Net of Cash Acquired $112.9m $35.7m $25.9m $14.9m $10.6m $180.0m — — — —
Payments for (Proceeds from) Other Investing Activities — — — $1.2m $0 ($319k) $1.6m ($776k) ($746k) $408k
Net Other Investing Changes — — — — — — ($1.6m) $776k $746k ($408k)
Net Cash Provided by (Used in) Investing Activities ($117.3m) ($37.9m) ($33.7m) ($876k) ($17.5m) ($194.9m) ($11.5m) ($5.6m) ($5.9m) ($7.8m)
Cash flows from financing activities:
Issuance Of Debt — — — — — $458.9m $0 $0 — —
Long Term Debt Issuance — — — — — $458.9m $0 $0 — —
Net Issuance Payments Of Debt — — — — — — ($4.6m) ($4.6m) ($4.6m) ($4.6m)
Net Long Term Debt Issuance — — — — — — ($4.6m) ($4.6m) ($4.6m) ($4.6m)
Long Term Debt Payments — — — — — — ($4.6m) ($4.6m) ($4.6m) ($4.6m)
Repayment Of Debt — — — — — — ($4.6m) ($4.6m) ($4.6m) ($4.6m)
Net Common Stock Issuance — — — — — — ($34.1m) ($3.4m) $0 $0
Payments for Repurchase of Common Stock — — — — — — $34.1m $3.4m — —
Payments of Ordinary Dividends, Common Stock $10.6m $12.8m $14.3m $15.1m $16.4m $17.8m $18.2m $13.6m $599k $498k
Common Stock Payments — — — — — — ($34.1m) ($3.4m) $0 $0
Payments of Dividends — — — — — — — — — $0
Cash Dividends Paid — — — — — — ($18.2m) ($13.6m) ($599k) ($498k)
Common Stock Dividend Paid — — — — — — ($18.2m) ($13.6m) ($599k) ($498k)
Proceeds from (Payments for) Other Financing Activities — — — — — — — — $1k ($27k)
Net Other Financing Charges — — — — — — ($21.5m) ($14.3m) ($3.1m) ($5.7m)
Net Cash Provided by (Used in) Financing Activities $228k ($33.2m) ($33.2m) ($34.5m) ($36.0m) $189.4m ($78.4m) ($35.8m) ($8.3m) ($10.8m)
Effect Of Exchange Rate Changes — — — — — — ($1.6m) $831k ($2.0m) $1.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $122k $1.1m $9.2m $43.6m $17.6m $37.2m ($20.3m) ($12.4m) $43.5m $23.8m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($52.6m) ($6.8m) $60.0m $103.6m $121.2m $158.4m $138.1m $125.8m $169.3m $193.1m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($20.3m) ($12.4m) $43.5m $23.8m
Interest Paid, Excluding Capitalized Interest, Operating Activities $7.8m $10.0m $11.5m $11.7m $8.7m $10.8m $19.8m $34.7m $35.5m $30.8m
Income Taxes Paid, Net $11.9m $10.1m $5.8m $8.4m $5.0m $14.9m $6.5m $7.1m $6.7m $7.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.