Component: (Network and Table)
Network
00500 - Statement - Consolidated Statements of Cash Flows
(http://www.remax.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001581091 (http://www.sec.gov/CIK)
Consolidated Statements of Cash FlowsPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
Consolidated Statements of Cash Flows
 
 
 
Cash flows from operating activities:
 
 
 
Net income
47,810,000  
51,350,000  
43,979,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
16,094,000  
15,124,000  
15,316,000  
Bad debt expense
1,195,000  
433,000  
630,000  
Loss (gain) on sale or disposition of assets, net
178,000  
(3,397,000) 
(14,000) 
Loss on early extinguishment of debt
796,000  
94,000  
178,000  
Equity in earnings of investees
 
(1,215,000) 
(600,000) 
Distributions received from equity investees
 
1,178,000  
549,000  
Equity-based compensation expense
2,330,000  
1,453,000  
2,002,000  
Non-cash interest expense
445,000  
439,000  
365,000  
Deferred income tax expense
3,473,000  
2,531,000  
1,865,000  
Changes in operating assets and liabilities:
 
 
 
Accounts and notes receivable, current portion
(3,841,000) 
(999,000) 
(1,466,000) 
Advances from/to affiliates
71,000  
(771,000) 
(161,000) 
Other current and noncurrent assets
362,000  
502,000  
100,000  
Other current and noncurrent liabilities
(2,865,000) 
7,000,000  
1,816,000  
Income taxes receivable/payable
(71,000) 
2,770,000  
(222,000) 
Deferred revenue and deposits current portion
(254,000) 
866,000  
1,094,000  
Payment pursuant to tax receivable agreement
(1,344,000) 
0  
(986,000) 
Net cash provided by operating activities
64,379,000  
 
77,358,000  
 
64,445,000  
 
Cash flows from investing activities:
 
 
 
Purchases of property, equipment and software
(4,395,000) 
(3,546,000) 
(2,026,000) 
Proceeds from sale of property and equipment
50,000  
25,000  
5,000  
Capitalization of trademark costs
(107,000) 
(82,000) 
(122,000) 
Acquisitions, net of cash acquired of $466
(112,934,000) 
  
Dispositions
200,000  
5,650,000  
100,000  
Cost to sell assets
(146,000) 
(383,000) 
 
Net cash provided by (used in) investing activities
(117,332,000) 
 
1,664,000  
 
(2,043,000) 
 
Cash flows from financing activities:
 
 
 
Proceeds from issuance of debt, net
233,825,000  
  
Payments on debt
(203,223,000) 
(9,400,000) 
(16,816,000) 
Debt issuance and capitalized debt amendment costs
(1,379,000) 
(555,000) 
 
Distributions to non-controlling unitholders
(17,927,000) 
(42,827,000) 
(22,197,000) 
Dividends paid to Class A common stockholders
(10,578,000) 
(24,003,000) 
(2,901,000) 
Payments on capital lease obligations
(75,000) 
(322,000) 
(204,000) 
Proceeds from exercise of stock options
101,000  
2,248,000  
486,000  
Payment of payroll taxes related to net settled restricted stock units
(516,000) 
(327,000) 
(1,781,000) 
Net cash provided by (used in) financing activities
228,000  
 
(75,186,000) 
 
(43,413,000) 
 
Effect of exchange rate changes on cash
122,000  
(823,000) 
(165,000) 
Net (decrease) increase in cash and cash equivalents
(52,603,000) 
 
3,013,000  
 
18,824,000  
 
Cash and cash equivalents, beginning of year
110,212,000  
107,199,000  
88,375,000  
Cash and cash equivalents, end of year
57,609,000  
 
110,212,000  
 
107,199,000  
 
Supplemental disclosures of cash flow information:
 
 
 
Cash paid for interest and debt amendment costs
7,797,000  
9,319,000  
8,880,000  
Net cash paid for income taxes
11,912,000  
5,841,000  
8,521,000  
Schedule of non-cash investing and financing activities:
 
 
 
Establishment of amounts payable under tax receivable agreements
 
33,018,000  
436,000  
Establishment of deferred tax assets
 
43,774,000  
917,000  
Note receivable received as consideration for sale of brokerage operations assets
150,000  
851,000  
 
Capital leases for property and equipment
48,000  
412,000  
18,000  
Increase in accounts payable for capitalization of trademark costs and purchases of property, equipment and software
150,000  
667,000  
165,000  
Contingent consideration issued in a business combination
6,400,000