XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 346,131 $ 279,833 $ 621,399 $ 540,568
Type of Revenue [Extensible List] nmrk:CommissionsMember nmrk:CommissionsMember nmrk:CommissionsMember nmrk:CommissionsMember
Gains from mortgage banking activities/originations, net $ 45,091 $ 41,877 $ 76,437 $ 80,791
Management services, servicing fees and other 160,256 144,909 301,298 275,720
Revenues 551,478 466,619 999,134 897,079
Expenses:        
Compensation and employee benefits 316,737 266,639 580,090 527,727
Equity-based compensation and allocations of net income to limited partnership units and FPUs 39,353 67,367 53,224 84,783
Total compensation and employee benefits 356,090 334,006 633,314 612,510
Operating, administrative and other 101,749 80,048 189,642 155,475
Fees to related parties 7,222 6,301 13,947 13,195
Depreciation and amortization 33,425 20,201 61,729 42,714
Total operating expenses 498,486 440,556 898,632 823,894
Other income (loss), net:        
Other income (loss), net (3,726) (365) (13,444) 5,342
Total other income (loss), net (3,726) (365) (13,444) 5,342
Income from operations 49,266 25,698 87,058 78,527
Interest expense, net (8,081) (10,582) (15,780) (23,991)
Income before income taxes and noncontrolling interests 41,185 15,116 71,278 54,536
Provision for income taxes 9,121 10,822 15,808 17,755
Consolidated net income 32,064 4,294 55,470 36,781
Less: Net income attributable to noncontrolling interests 9,396 3,555 15,898 16,045
Net income available to common stockholders 22,668 739 39,572 20,736
Basic earnings per share        
Net income available to common stockholders [1] $ 19,444 $ 546 $ 33,124 $ 20,542
Basic earnings per share $ 0.11 $ 0.00 $ 0.19 $ 0.13
Basic weighted-average shares of common stock outstanding 178,754 155,157 178,683 155,447
Fully diluted earnings per share        
Net income for fully diluted shares $ 23,308 $ 546 $ 33,124 $ 32,562
Fully diluted earnings per share $ 0.11 $ 0.00 $ 0.18 $ 0.13
Fully diluted weighted-average shares of common stock outstanding 208,150 155,938 179,434 252,804
[1] Includes a reduction for dividends on preferred stock or units in the amount of $3.2 million and $6.4 million for the three and six months ended June 30, 2019, respectively, and $0.2 million for the three and six months ended June 30, 2018.