CoStar Group, Inc. (CSGP) Financial Statements (2023 and earlier)

Company Profile

Business Address 1331 L STREET, NW
WASHINGTON, DC 20005
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5,000,0003,827,1263,693,8131,070,7311,100,4161,211,463
Cash and cash equivalents 5,000,0003,827,1263,693,8131,070,7311,100,4161,211,463
Receivables153,945124,817103,94992,24089,19260,900
Other undisclosed current assets31,92236,18290,75036,19423,69015,572
Total current assets:5,185,8673,988,1253,888,5121,199,1651,213,2981,287,935
Noncurrent Assets
Operating lease, right-of-use asset80,392100,680108,740115,084
Nontrade receivables2,00511,28314,98614,90814,90812,981
Property, plant and equipment321,250271,431126,325107,52983,30384,496
Long-term investments and receivables    10,07010,07010,070
Long-term investments    10,07010,07010,070
Intangible assets, net (including goodwill)2,644,0652,756,6772,662,7442,303,2161,900,4461,466,349
Goodwill2,314,7592,321,0152,235,9991,882,0201,611,5351,283,457
Intangible assets, net (excluding goodwill)329,306435,662426,745421,196288,911182,892
Deposits noncurrent assets16,68721,76215,8569,2327,4326,179
Deferred costs142,482101,87993,27489,37476,031 
Deferred income tax assets9,7225,0344,9835,408
Other undisclosed noncurrent assets     7,4695,431
Total noncurrent assets:3,216,6033,268,7463,026,9082,654,8212,099,6591,585,506
TOTAL ASSETS:8,402,4707,256,8716,915,4203,853,9863,312,9572,873,441
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities117,573216,950223,351110,11296,02493,725
Taxes payable31,23616,31610,70514,2888,166
Employee-related liabilities81,79480,99853,08745,58854,104
Accounts payable28,46022,24415,7327,6406,3279,262
Accrued liabilities89,11381,676110,30538,68029,82122,193
Deferred revenue103,56795,47174,85167,274
Debt    29,670  
Deferred rent credit     4,153
Deferred revenue and credits50,418
Contract with customer, liability51,459
Other undisclosed current liabilities151,47526,26832,648 2,5232,523
Total current liabilities:372,615338,689330,850207,056154,159146,666
Noncurrent Liabilities
Long-term debt and lease obligation989,2101,087,314 133,7204,000 
Long-term debt, excluding current maturities989,210987,944 133,7204,000 
Liabilities, other than long-term debt166,410112,3521,084,988107,61762,99963,455
Deferred revenue and credits50,101
Accounts payable and accrued liabilities14,00112,49625,28220,52117,38613,354
Deferred revenue2001,200  
Deferred gain on sale of property   986,715 13,669
Deferred rent credit     31,944
Deferred income tax liabilities76,20298,65672,99187,096
Operating lease, liability76,00799,370  
Other undisclosed noncurrent liabilities4,1146,844124,223 69,85712,070
Total noncurrent liabilities:1,159,7341,206,5101,209,211241,337136,85675,525
Total liabilities:1,532,3491,545,1991,540,061448,393291,015222,191
Equity
Equity, attributable to parent6,870,1215,711,6725,375,3593,405,5933,021,9422,651,250
Common stock 4,0663,946394366364361
Additional paid in capital 5,065,5114,253,3184,208,2522,473,3382,419,8122,339,253
Accumulated other comprehensive loss(29,075)(5,758)(889)(8,585)(11,688)(9,020)
Retained earnings 1,829,6191,460,1661,167,602940,474613,454320,656
Other undisclosed equity, attributable to parent      
Total equity:6,870,1215,711,6725,375,3593,405,5933,021,9422,651,250
TOTAL LIABILITIES AND EQUITY:8,402,4707,256,8716,915,4203,853,9863,312,9572,873,441

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,182,3991,944,1351,659,0191,399,7191,191,832965,230
Cost of revenue(414,008)(357,241)(308,968)(289,239)(269,933)(220,403)
Cost of goods and services sold(414,008)(357,241)(308,968)(289,239)(269,933)(19,707)
Gross profit:1,768,3911,586,8941,350,0511,110,480921,899744,827
Operating expenses(1,317,442)(1,154,557)(1,060,849)(746,933)(648,335)(571,011)
Operating income:450,949432,337289,202363,547273,564173,816
Nonoperating income
(Other Nonoperating income)
3,3833,252 30,01713,2814,044
Interest and debt expense(32,325)(32,316)(1,658)(2,615)(2,830)(12,802)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (16,564)   
Income from continuing operations before equity method investments, income taxes:422,007403,273270,980390,949284,015165,058
Other undisclosed income from continuing operations before income taxes64,450695    
Income from continuing operations before income taxes:486,457403,968270,980390,949284,015165,058
Income tax expense(117,004)(111,404)(43,852)(75,986)(45,681)(42,363)
Income from continuing operations:369,453292,564227,128314,963238,334122,695
Income before gain (loss) on sale of properties:292,564227,128314,963238,334122,695
Net income available to common stockholders, diluted:369,453292,564227,128314,963238,334122,695

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:369,453292,564227,128314,963238,334122,695
Other comprehensive income (loss)(23,317)(4,869)7,6963,103(2,668)4,019
Comprehensive income, net of tax, attributable to parent:346,136287,695234,824318,066235,666126,714

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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