CoStar Group Inc. (CSGP) Financial Statements (2024 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 millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,200 | 5,000 | 3,827 | 3,694 | 1,071 | 1,100 | |||
| Cash and cash equivalents | 5,200 | 5,000 | 3,827 | 3,694 | 1,071 | 1,100 | |||
| Receivables | 190 | 154 | 125 | 104 | 92 | 89 | |||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Other undisclosed current assets | 86 | 32 | 36 | 91 | 36 | 24 | |||
| Total current assets: | 5,476 | 5,186 | 3,988 | 3,889 | 1,199 | 1,213 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ||||||||
| Operating lease, right-of-use asset | 80 | 80 | 101 | 109 | 115 | ✕ | |||
| Nontrade receivables | 2 | 2 | 11 | 15 | 15 | 15 | |||
| Property, plant and equipment | 321 | 271 | 126 | 108 | 83 | ||||
| Long-term investments and receivables | 10 | 10 | |||||||
| Long-term investments | 10 | 10 | |||||||
| Intangible assets, net (including goodwill) | 2,700 | 2,644 | 2,757 | 2,663 | 2,303 | 1,900 | |||
| Goodwill | 2,386 | 2,315 | 2,321 | 2,236 | 1,882 | 1,612 | |||
| Intangible assets, net (excluding goodwill) | 314 | 329 | 436 | 427 | 421 | 289 | |||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Capitalized contract cost, net | |||||||||
| Deposits noncurrent assets | 18 | 17 | 22 | 16 | 9 | 7 | |||
| Deferred costs | 168 | 142 | 102 | 93 | 89 | 76 | |||
| Deferred income tax assets | 4 | 10 | 5 | 5 | 5 | ✕ | |||
| Other undisclosed noncurrent assets | 472 | 7 | |||||||
| Total noncurrent assets: | 3,444 | 3,217 | 3,269 | 3,027 | 2,655 | 2,100 | |||
| TOTAL ASSETS: | 8,920 | 8,402 | 7,257 | 6,915 | 3,854 | 3,313 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 186 | 118 | 217 | 223 | 110 | 96 | |||
| Taxes payable | ✕ | ✕ | ✕ | 31 | 16 | 11 | 14 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 82 | 81 | 53 | 46 | ||
| Accounts payable | 23 | 28 | 22 | 16 | 8 | 6 | |||
| Accrued liabilities | 163 | 89 | 82 | 110 | 39 | 30 | |||
| Deferred revenue | 104 | 104 | 95 | 75 | 67 | ✕ | |||
| Debt | 3 | 30 | |||||||
| Deferred rent credit | 4 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 51 | ||
| Other undisclosed current liabilities | 162 | 151 | 26 | 33 | 3 | ||||
| Total current liabilities: | 456 | 373 | 339 | 331 | 207 | 154 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,000 | 989 | 1,087 | 134 | 4 | ||||
| Long-term debt, excluding current maturities | 991 | 989 | 988 | 134 | 4 | ||||
| Finance lease, liability | 10 | ✕ | |||||||
| Liabilities, other than long-term debt | 121 | 166 | 112 | 1,085 | 108 | 63 | |||
| Accounts payable and accrued liabilities | 18 | 14 | 12 | 25 | 21 | 17 | |||
| Deferred revenue | 0 | 0 | 1 | ✕ | |||||
| Deferred gain on sale of property | 987 | 14 | |||||||
| Deferred rent credit | 32 | ||||||||
| Deferred income tax liabilities | 37 | 76 | 99 | 73 | 87 | ✕ | |||
| Operating lease, liability | 66 | 76 | 99 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 4 | 4 | 7 | 124 | 70 | ||||
| Total noncurrent liabilities: | 1,125 | 1,160 | 1,207 | 1,209 | 241 | 137 | |||
| Total liabilities: | 1,581 | 1,532 | 1,545 | 1,540 | 448 | 291 | |||
| Equity | |||||||||
| Equity, attributable to parent | 7,339 | 6,870 | 5,712 | 5,375 | 3,406 | 3,022 | |||
| Common stock | 4 | 4 | 4 | 0 | 0 | 0 | |||
| Additional paid in capital | 5,148 | 5,066 | 4,253 | 4,208 | 2,473 | 2,420 | |||
| Accumulated other comprehensive loss | (18) | (29) | (6) | (1) | (9) | (12) | |||
| Retained earnings | 2,204 | 1,830 | 1,460 | 1,168 | 940 | 613 | |||
| Other undisclosed equity, attributable to parent | |||||||||
| Total equity: | 7,339 | 6,870 | 5,712 | 5,375 | 3,406 | 3,022 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,920 | 8,402 | 7,257 | 6,915 | 3,854 | 3,313 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,455 | 2,182 | 1,944 | 1,659 | 1,400 | 1,192 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (492) | (414) | (357) | (309) | (289) | (270) | ||
| Gross profit: | 1,964 | 1,768 | 1,587 | 1,350 | 1,110 | 922 | ||
| Operating expenses | (1,681) | (1,317) | (1,155) | (1,061) | (747) | (648) | ||
| Operating income: | 282 | 451 | 432 | 289 | 364 | 274 | ||
| Nonoperating income (Other Nonoperating income) | 5 | 3 | 3 | 30 | 13 | |||
| Interest and debt expense | (0) | (32) | (32) | (2) | (3) | (3) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (17) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 288 | 422 | 403 | 271 | 391 | 284 | ||
| Other undisclosed income from continuing operations before income taxes | 214 | 64 | 1 | |||||
| Income from continuing operations before income taxes: | 501 | 486 | 404 | 271 | 391 | 284 | ||
| Income tax expense | (127) | (117) | (111) | (44) | (76) | (46) | ||
| Income from continuing operations: | 375 | 369 | 293 | 227 | 315 | 238 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 293 | 227 | 315 | 238 | |
| Net income available to common stockholders, diluted: | 375 | 369 | 293 | 227 | 315 | 238 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 375 | 369 | 293 | 227 | 315 | 238 | ||
| Other comprehensive income (loss) | 12 | (23) | (5) | 8 | 3 | (3) | ||
| Comprehensive income: | 386 | 346 | 288 | 235 | 318 | 236 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income, net of tax, attributable to parent: | 386 | 346 | 288 | 235 | 318 | 236 | ||
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.