Cash flow CoStar Group, Inc.

Equities

CSGP

US22160N1090

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-13 pm EDT			5-day change	1st Jan Change
78.87 ^USD	+1.15%		+1.83%	-9.75%

Aug. 15	The latest transactions by star managers
Aug. 05	JPMorgan Adjusts Price Target on CoStar to $108 From $102	MT

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Published financial data: COSTAR GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.4B	1.66B	1.94B	2.18B	2.46B
Total Revenues	1.4B	1.66B	1.94B	2.18B	2.46B
Cost of Goods Sold, Total	289M	309M	357M	414M	492M
Gross Profit	1.11B	1.35B	1.59B	1.77B	1.96B
Selling General & Admin Expenses, Total	592M	841M	886M	1.03B	1.38B
R&D Expenses	121M	157M	194M	214M	261M
Amortization of Goodwill and Intangible Assets - (IS)	34M	62.46M	74.82M	73.56M	42.2M
Other Operating Expenses, Total	747M	1.06B	1.15B	1.32B	1.68B
Operating Income	364M	289M	432M	451M	282M
Interest Expense, Total	-2.62M	-21.79M	-32.32M	-32.32M	-31.4M
Interest And Investment Income	19.02M	4.4M	695K	64.45M	245M
Net Interest Expenses	16.4M	-17.4M	-31.62M	32.12M	214M
Currency Exchange Gains (Loss)	-	-200K	300K	1.4M	3M
Other Non Operating Income (Expenses)	-	-86K	2.95M	1.98M	2.4M
EBT, Excl. Unusual Items	380M	272M	404M	486M	501M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-541K	-	-	-
Asset Writedown	-	-	-	-9K	-
Legal Settlements	11M	-	-	-	-
Other Unusual Items	-	-	-	-4K	-
EBT, Incl. Unusual Items	391M	271M	404M	486M	501M
Income Tax Expense	75.99M	43.85M	111M	117M	127M
Earnings From Continuing Operations	315M	227M	293M	369M	375M
Net Income to Company	315M	227M	293M	369M	375M
Net Income - (IS)	315M	227M	293M	369M	375M
Net Income to Common Incl Extra Items	315M	227M	293M	369M	375M
Net Income to Common Excl. Extra Items	315M	227M	293M	369M	375M
Per Share Items
Net EPS - Basic	0.87	0.6	0.75	0.93	0.92
Basic EPS - Continuing Operations	0.87	0.6	0.75	0.93	0.92
Basic Weighted Average Shares Outstanding	363M	381M	392M	396M	405M
Net EPS - Diluted	0.86	0.59	0.74	0.93	0.92
Diluted EPS - Continuing Operations	0.86	0.59	0.74	0.93	0.92
Diluted Weighted Average Shares Outstanding	366M	383M	394M	398M	407M
Normalized Basic EPS	0.65	0.45	0.64	0.77	0.77
Normalized Diluted EPS	0.65	0.44	0.64	0.76	0.77
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	445M	406M	572M	589M	390M
EBITA	419M	377M	536M	554M	356M
EBIT	364M	289M	432M	451M	282M
EBITDAR	472M	439M	607M	622M	426M
Effective Tax Rate - (Ratio)	19.44	16.18	27.58	24.05	25.25
Current Domestic Taxes	66.46M	55.19M	85.91M	148M	163M
Current Foreign Taxes	1.3M	195K	1.33M	664K	900K
Total Current Taxes	67.77M	55.38M	87.24M	148M	164M
Deferred Domestic Taxes	9.3M	-10.52M	31.33M	-30.04M	-34.6M
Deferred Foreign Taxes	-1.08M	-1M	-7.16M	-1.17M	-2.6M
Total Deferred Taxes	8.22M	-11.53M	24.16M	-31.2M	-37.2M
Normalized Net Income	237M	170M	252M	304M	313M
Interest on Long-Term Debt	3M	21.79M	32.32M	32.32M	31.4M
Supplemental Operating Expense Items
Advertising Expense	164M	270M	-	-	-
Marketing Expenses	-	-	312M	306M	550M
Selling and Marketing Expenses	400M	525M	610M	672M	974M
General and Administrative Expenses	175M	295M	251M	333M	378M
Research And Development Expense From Footnotes	126M	163M	201M	221M	268M
Net Rental Expense, Total	27.59M	32.84M	34.88M	33.63M	35.7M
Imputed Operating Lease Interest Expense	-	8.98M	8.06M	7.85M	8.12M
Imputed Operating Lease Depreciation	-	23.85M	26.82M	25.78M	27.58M
Stock-Based Comp., COGS (Total)	9.27M	-	11.16M	12.58M	14.3M
Stock-Based Comp., R&D Exp. (Total)	8.98M	-	12.54M	12.99M	17.5M
Stock-Based Comp., S&M Exp. (Total)	6.81M	-	6.31M	7.8M	9.1M
Stock-Based Comp., G&A Exp. (Total)	27.19M	-	33.69M	41.84M	44.1M
Stock-Based Comp., Other (Total)	-	54.1M	-	-	-
Total Stock-Based Compensation	52.26M	54.1M	63.71M	75.21M	85M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.07B	3.76B	3.83B	4.97B	5.22B
Total Cash And Short Term Investments	1.07B	3.76B	3.83B	4.97B	5.22B
Accounts Receivable, Total	92.24M	104M	125M	154M	196M
Other Receivables	-	-	-	-	-
Total Receivables	92.24M	104M	125M	154M	196M
Prepaid Expenses	36.19M	28.65M	36.18M	63.95M	64.4M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	1.2B	3.89B	3.99B	5.19B	5.48B
Gross Property Plant And Equipment	358M	401M	458M	487M	658M
Accumulated Depreciation	-136M	-166M	-85.86M	-85.59M	-106M
Net Property Plant And Equipment	223M	235M	372M	402M	552M
Long-term Investments	10.07M	-	-	-	-
Goodwill	1.88B	2.24B	2.32B	2.31B	2.39B
Other Intangibles, Total	421M	427M	436M	329M	314M
Accounts Receivable Long-Term	-	-	-	-	8M
Deferred Tax Assets Long-Term	5.41M	4.98M	5.03M	9.72M	4.3M
Deferred Charges Long-Term	91.37M	98.17M	106M	145M	169M
Other Long-Term Assets, Total	22.14M	25.94M	29.24M	15.99M	10.1M
Total Assets	3.85B	6.92B	7.26B	8.4B	8.92B
Liabilities
Accounts Payable, Total	7.64M	15.73M	22.24M	28.46M	23.1M
Accrued Expenses, Total	91.77M	191M	163M	194M	281M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	29.67M	32.65M	26.27M	36.05M	40M
Current Income Taxes Payable	10.7M	16.32M	31.24M	10.44M	7.7M
Unearned Revenue Current, Total	67.27M	74.85M	95.47M	104M	104M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	207M	331M	339M	373M	456M
Long-Term Debt	-	987M	988M	989M	990M
Long-Term Leases	120M	105M	99.37M	76.01M	75.9M
Unearned Revenue Non Current	3.35M	2.51M	1.25M	215K	100K
Deferred Tax Liability Non Current	87.1M	72.99M	98.66M	76.2M	36.7M
Other Non Current Liabilities	30.74M	41.66M	19.29M	18.1M	22.1M
Total Liabilities	448M	1.54B	1.55B	1.53B	1.58B
Common Stock, Total	366K	394K	3.95M	4.07M	4.1M
Additional Paid In Capital	2.47B	4.21B	4.25B	5.07B	5.15B
Retained Earnings	940M	1.17B	1.46B	1.83B	2.2B
Comprehensive Income and Other	-8.58M	-889K	-5.76M	-29.08M	-17.6M
Total Common Equity	3.41B	5.38B	5.71B	6.87B	7.34B
Total Equity	3.41B	5.38B	5.71B	6.87B	7.34B
Total Liabilities And Equity	3.85B	6.92B	7.26B	8.4B	8.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	366M	394M	395M	407M	408M
ECS Total Common Shares Outstanding	367M	394M	395M	407M	408M
Book Value / Share	9.29	13.64	14.46	16.89	17.98
Tangible Book Value	1.1B	2.71B	2.95B	4.23B	4.64B
Tangible Book Value Per Share	3.01	6.88	7.48	10.39	11.37
Total Debt	150M	1.12B	1.11B	1.1B	1.11B
Net Debt	-921M	-2.63B	-2.71B	-3.87B	-4.11B
Debt Equivalent Oper. Leases	221M	263M	279M	269M	286M
Account Code - Inventory Valuation	3	3	3	3	-
Land - (BS)	-	24.64M	38.77M	52.23M	52.2M
Buildings, Total	-	2.97M	96.5M	105M	264M
Machinery, Total	169M	184M	146M	141M	174M
Full Time Employees	4.34K	4.75K	4.74K	5.65K	6.15K
Accumulated Allowance for Doubtful Accounts (Supple)	5.1M	15.11M	13.37M	12.2M	23.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	315M	227M	293M	369M	375M
Depreciation & Amortization - CF	25.81M	28.81M	35.93M	35.31M	33.8M
Amortization of Goodwill and Intangible Assets - (CF)	55.35M	88.13M	104M	103M	73.7M
Depreciation & Amortization, Total	81.16M	117M	140M	138M	108M
Amortization of Deferred Charges, Total - (CF)	54.3M	62.17M	65.72M	78.45M	97.6M
(Gain) Loss From Sale Of Asset	105K	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	52.26M	53.45M	63.71M	75.21M	85M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	10.98M	25.21M	10.93M	18.31M	35M
Other Operating Activities, Total	30.97M	15.08M	52M	4.85M	-10.4M
Change In Accounts Receivable	-5.01M	-36.12M	-29.63M	-46.4M	-66.6M
Change In Accounts Payable	17.75M	101M	-30.05M	23.23M	33.9M
Change in Unearned Revenues	7.91M	2.19M	17.4M	6.78M	-1.3M
Change In Income Taxes	-577K	10.35M	5.86M	-19.26M	10.7M
Change in Other Net Operating Assets	-107M	-91.15M	-118M	-170M	-177M
Cash from Operations	458M	486M	470M	479M	490M
Capital Expenditure	-46.2M	-48.35M	-189M	-93.74M	-143M
Sale of Property, Plant, and Equipment	-	-	612K	30.1M	-
Cash Acquisitions	-438M	-426M	-193M	-6.27M	-99.6M
Investment in Marketable and Equity Securities, Total	-	10.26M	-	864K	3.8M
Cash from Investing	-484M	-464M	-381M	-69.06M	-239M
Long-Term Debt Issued, Total	-	1.74B	-	-	-
Total Debt Issued	-	1.74B	-	-	-
Long-Term Debt Repaid, Total	-	-745M	-	-2.16M	-
Total Debt Repaid	-	-745M	-	-2.16M	-
Issuance of Common Stock	25.08M	1.72B	18.05M	759M	23.4M
Repurchase of Common Stock	-27.58M	-38.87M	-33.31M	-23.11M	-26.4M
Other Financing Activities, Total	-1.66M	-18.3M	-411K	-	-700K
Cash from Financing	-4.15M	2.66B	-15.68M	734M	-3.7M
Foreign Exchange Rate Adjustments	442K	941K	-1.5M	-2.7M	700K
Net Change in Cash	-29.68M	2.69B	71.21M	1.14B	248M
Supplemental Items
Cash Interest Paid	2M	5.95M	31.51M	29.95M	30.7M
Cash Income Tax Paid (Refund)	68.94M	45.78M	82.12M	169M	163M
Levered Free Cash Flow	375M	469M	378M	427M	341M
Unlevered Free Cash Flow	376M	481M	396M	445M	358M
Change In Net Working Capital	-7.68M	-117M	-47.92M	32.75M	-36.8M
Net Debt Issued / Repaid	-	999M	-	-2.16M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.34	3.36	3.81	3.6	2.04
Return on Total Capital	6.91	3.6	4.06	3.81	2.15
Return On Equity %	9.8	5.17	5.28	5.87	5.27
Return on Common Equity	9.8	5.17	5.28	5.87	5.27
Margin Analysis
Gross Profit Margin %	79.34	81.38	81.62	81.03	79.98
SG&A Margin	42.26	50.72	45.56	47.2	56.12
EBITDA Margin %	31.77	24.48	29.42	26.98	15.88
EBITA Margin %	29.93	22.74	27.57	25.36	14.5
EBIT Margin %	25.97	17.43	22.24	20.66	11.5
Income From Continuing Operations Margin %	22.5	13.69	15.05	16.93	15.26
Net Income Margin %	22.5	13.69	15.05	16.93	15.26
Net Avail. For Common Margin %	22.5	13.69	15.05	16.93	15.26
Normalized Net Income Margin	16.97	10.23	12.99	13.93	12.76
Levered Free Cash Flow Margin	26.78	28.25	19.44	19.55	13.89
Unlevered Free Cash Flow Margin	26.83	28.97	20.36	20.37	14.59
Asset Turnover
Asset Turnover	0.39	0.31	0.27	0.28	0.28
Fixed Assets Turnover	9.15	7.25	6.4	5.64	5.15
Receivables Turnover (Average Receivables)	15.43	16.91	17	15.66	13.88
Short Term Liquidity
Current Ratio	5.79	11.75	11.78	13.92	12.01
Quick Ratio	5.62	11.67	11.67	13.75	11.87
Operating Cash Flow to Current Liabilities	2.21	1.47	1.39	1.28	1.07
Days Sales Outstanding (Average Receivables)	23.66	21.64	21.47	23.31	26.29
Average Days Payable Outstanding	8.81	13.84	19.4	22.35	19.2
Long Term Solvency
Total Debt/Equity	4.4	20.92	19.5	16.03	15.08
Total Debt / Total Capital