10-Q Filing

COSTAR GROUP, INC. CIK: 1057352 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001057352-11-000123`
Period End Date	20110630
Filing Date	20110728
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	csgp-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 68 Cash Flow Statement 60

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$206.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$205.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$547.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.29M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.75M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$3.60M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$3.72M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of approximately $2,754 and $2,415 as of June 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$13.09M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of approximately $2,754 and $2,415 as of June 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$13.34M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$5.20M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$7.52M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.94M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$852.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.81M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$578.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$239.17M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$29.01M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$29.19M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$12.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$69.92M	USD	Point-in-time
Goodwill	`Goodwill`	$80.47M	USD	Point-in-time
Goodwill	`Goodwill`	$79.60M	USD	Point-in-time
Intangibles and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.77M	USD	Point-in-time
Intangibles and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$17.46M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$2.65M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$2.99M	USD	Point-in-time
Total assets	`Assets`	$439.65M	USD	Point-in-time
Total assets	`Assets`	$757.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.12M	USD	Point-in-time
Accrued wages and commissions	`EmployeeRelatedLiabilitiesCurrent`	$12.46M	USD	Point-in-time
Accrued wages and commissions	`EmployeeRelatedLiabilitiesCurrent`	$11.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$18.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$17.47M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingCurrent`	-	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingCurrent`	$2.52M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.16M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$17.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$16.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.89M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfProperty`	-	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfProperty`	$32.59M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.03M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$17.37M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$1.45M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$1.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$1.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$111.99M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$381.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$645.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$757.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$439.65M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$121.75M	USD	2 Qtrs
Revenues	`Revenues`	$55.84M	USD	1 Quarter
Revenues	`Revenues`	$62.13M	USD	1 Quarter
Revenues	`Revenues`	$110.93M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$20.36M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$41.56M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$22.41M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$44.98M	USD	2 Qtrs
Gross margin	`GrossProfit`	$76.77M	USD	2 Qtrs
Gross margin	`GrossProfit`	$35.48M	USD	1 Quarter
Gross margin	`GrossProfit`	$39.72M	USD	1 Quarter
Gross margin	`GrossProfit`	$69.37M	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$12.88M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$14.28M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$27.53M	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$25.51M	USD	2 Qtrs
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$10.40M	USD	2 Qtrs
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$5.13M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$8.32M	USD	2 Qtrs
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$4.12M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$24.73M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.74M	USD	2 Qtrs
Purchase amortization	`AmortizationOfIntangibleAssets`	$1.22M	USD	2 Qtrs
Purchase amortization	`AmortizationOfIntangibleAssets`	$532.00K	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$1.09M	USD	2 Qtrs
Purchase amortization	`AmortizationOfIntangibleAssets`	$546.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$35.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$59.78M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$65.76M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$30.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.01M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$9.59M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.49M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.91M	USD	1 Quarter
Interest and other income, net	`InvestmentIncomeInterest`	$178.00K	USD	1 Quarter
Interest and other income, net	`InvestmentIncomeInterest`	$380.00K	USD	2 Qtrs
Interest and other income, net	`InvestmentIncomeInterest`	$434.00K	USD	2 Qtrs
Interest and other income, net	`InvestmentIncomeInterest`	$196.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.38M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.03M	USD	2 Qtrs
Income tax expense, net	`IncomeTaxExpenseBenefit`	$1.44M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$3.89M	USD	2 Qtrs
Income tax expense, net	`IncomeTaxExpenseBenefit`	$1.45M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$4.22M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.17M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.34	USD	2 Qtrs
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.30	USD	2 Qtrs
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.30	USD	2 Qtrs
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.33	USD	2 Qtrs
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.27M	shares	2 Qtrs
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.27M	shares	2 Qtrs
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.01M	shares	1 Quarter
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.28M	shares	1 Quarter
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.43M	shares	1 Quarter
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.70M	shares	2 Qtrs
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.62M	shares	1 Quarter
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.64M	shares	2 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.17M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.64M	USD	1 Quarter
Depreciation	`Depreciation`	$4.44M	USD	2 Qtrs
Depreciation	`Depreciation`	$4.28M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$2.20M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$2.67M	USD	2 Qtrs
Property and equipment write-off	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	$17.00K	USD	2 Qtrs
Property and equipment write-off	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	-	USD	2 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-340.00K	USD	2 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-1.25M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.26M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.95M	USD	2 Qtrs
Deferred income tax expense, net	`DeferredIncomeTaxExpenseBenefit`	$-4.99M	USD	2 Qtrs
Deferred income tax expense, net	`DeferredIncomeTaxExpenseBenefit`	$-2.27M	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.02M	USD	2 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$865.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.14M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.08M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$719.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$148.00K	USD	2 Qtrs
Deposits and other assets	`IncreaseDecreaseInDeposits`	$404.00K	USD	2 Qtrs
Deposits and other assets	`IncreaseDecreaseInDeposits`	$377.00K	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.72M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.66M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$458.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$274.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.28M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.70M	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$233.00K	USD	2 Qtrs
Sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$8.14M	USD	2 Qtrs
Proceeds from sale of building, net	`SaleLeasebackTransactionNetProceeds`	$83.55M	USD	2 Qtrs
Proceeds from sale of building, net	`SaleLeasebackTransactionNetProceeds`	-	USD	2 Qtrs
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$46.57M	USD	2 Qtrs
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$9.89M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$73.90M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.42M	USD	2 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.25M	USD	2 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$340.00K	USD	2 Qtrs
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.01M	USD	2 Qtrs
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.78M	USD	2 Qtrs
Proceeds from equity offering, net of transaction costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from equity offering, net of transaction costs	`ProceedsFromIssuanceOfCommonStock`	$-247.92M	USD	2 Qtrs
Proceeds from exercise of stock options and ESPP	`ProceedsFromStockOptionsExercised`	$1.19M	USD	2 Qtrs
Proceeds from exercise of stock options and ESPP	`ProceedsFromStockOptionsExercised`	$4.54M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$251.93M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$522.00K	USD	2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$95.00K	USD	2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-292.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$341.21M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.50M	USD	2 Qtrs
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$206.41M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$205.79M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$547.62M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$188.29M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$206.41M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$205.79M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$547.62M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$188.29M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.