10-Q Filing

COSTAR GROUP, INC. CIK: 1057352 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001057352-11-000139`
Period End Date	20110930
Filing Date	20111027
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	csgp-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 68 Cash Flow Statement 60

Balance Sheet 62 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`	$550.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$205.79M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$206.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.36M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$3.72M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$3.57M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of approximately $2,561 and $2,415 as of September 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$18.91M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of approximately $2,561 and $2,415 as of September 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$13.09M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$5.20M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$8.91M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$852.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$589.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$239.17M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$29.19M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$28.41M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$11.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$69.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$36.78M	USD	Point-in-time
Goodwill	`Goodwill`	$79.60M	USD	Point-in-time
Goodwill	`Goodwill`	$79.85M	USD	Point-in-time
Intangibles and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$16.39M	USD	Point-in-time
Intangibles and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$18.77M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$2.49M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$2.99M	USD	Point-in-time
Total assets	`Assets`	$764.75M	USD	Point-in-time
Total assets	`Assets`	$439.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.37M	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`	$12.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$18.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$18.41M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfProperty`	-	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfProperty`	$2.52M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$7.97M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	-	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	-	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$530.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$18.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$16.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.89M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingCurrent`	-	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingCurrent`	$31.96M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$16.70M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.03M	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	`AccruedIncomeTaxesCurrent`	$1.79M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$115.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$381.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$649.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$439.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$764.75M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$57.14M	USD	1 Quarter
Revenues	`Revenues`	$63.83M	USD	1 Quarter
Revenues	`Revenues`	$185.57M	USD	3 Qtrs
Revenues	`Revenues`	$168.07M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$66.15M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$20.76M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$21.18M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$62.32M	USD	3 Qtrs
Gross margin	`GrossProfit`	$42.65M	USD	1 Quarter
Gross margin	`GrossProfit`	$36.38M	USD	1 Quarter
Gross margin	`GrossProfit`	$105.75M	USD	3 Qtrs
Gross margin	`GrossProfit`	$119.42M	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$44.99M	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$38.53M	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$13.02M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$17.47M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$5.02M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$4.25M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$12.57M	USD	3 Qtrs
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$15.42M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.63M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.38M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$37.17M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.44M	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$540.00K	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$535.00K	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$1.76M	USD	3 Qtrs
Purchase amortization	`AmortizationOfIntangibleAssets`	$1.62M	USD	3 Qtrs
Total Operating expenses	`OperatingExpenses`	$30.25M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$90.03M	USD	3 Qtrs
Total Operating expenses	`OperatingExpenses`	$39.65M	USD	1 Quarter
Total Operating expenses	`OperatingExpenses`	$105.41M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$14.01M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$3.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.73M	USD	3 Qtrs
Interest and other income, net	`InvestmentIncomeInterest`	$590.00K	USD	3 Qtrs
Interest and other income, net	`InvestmentIncomeInterest`	$574.00K	USD	3 Qtrs
Interest and other income, net	`InvestmentIncomeInterest`	$194.00K	USD	1 Quarter
Interest and other income, net	`InvestmentIncomeInterest`	$156.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.32M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.58M	USD	3 Qtrs
Income tax expense, net	`IncomeTaxExpenseBenefit`	$2.91M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$6.80M	USD	3 Qtrs
Income tax expense, net	`IncomeTaxExpenseBenefit`	$5.10M	USD	3 Qtrs
Income tax expense, net	`IncomeTaxExpenseBenefit`	$887.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.52M	USD	3 Qtrs
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.47	USD	3 Qtrs
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.42	USD	3 Qtrs
Net income per share - basic (in dollars per shares)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.41	USD	3 Qtrs
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.46	USD	3 Qtrs
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Net income per share - diluted (in dollars per shares)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.97M	shares	1 Quarter
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.33M	shares	1 Quarter
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.31M	shares	3 Qtrs
Weighted average outstanding shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.50M	shares	3 Qtrs
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.32M	shares	1 Quarter
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.90M	shares	3 Qtrs
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.68M	shares	3 Qtrs
Weighted average outstanding shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.69M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.48M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.52M	USD	3 Qtrs
Depreciation	`Depreciation`	$6.41M	USD	3 Qtrs
Depreciation	`Depreciation`	$6.39M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$3.25M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$3.85M	USD	3 Qtrs
Property and equipment write-off	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	$319.00K	USD	3 Qtrs
Property and equipment write-off	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	$621.00K	USD	3 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$718.00K	USD	3 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.43M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$6.11M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.73M	USD	3 Qtrs
Deferred income tax expense, net	`DeferredIncomeTaxExpenseBenefit`	$-4.53M	USD	3 Qtrs
Deferred income tax expense, net	`DeferredIncomeTaxExpenseBenefit`	$-2.25M	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.27M	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.04M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.86M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.13M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$588.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$581.00K	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInDeposits`	$-391.00K	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInDeposits`	$512.00K	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.62M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.16M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.54M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.45M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.71M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.09M	USD	3 Qtrs
Settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$13.22M	USD	3 Qtrs
Settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$815.00K	USD	3 Qtrs
Proceeds from sale of building, net	`SaleLeasebackTransactionNetProceeds`	$83.55M	USD	3 Qtrs
Proceeds from sale of building, net	`SaleLeasebackTransactionNetProceeds`	-	USD	3 Qtrs
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$53.11M	USD	3 Qtrs
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$12.17M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.89M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$72.20M	USD	3 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$718.00K	USD	3 Qtrs
Excess tax benefit from stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.43M	USD	3 Qtrs
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.97M	USD	3 Qtrs
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.21M	USD	3 Qtrs
Proceeds from equity offering, net of transaction costs	`ProceedsFromIssuanceOfCommonStock`	$247.92M	USD	3 Qtrs
Proceeds from equity offering, net of transaction costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from exercise of stock options and ESPP	`ProceedsFromStockOptionsExercised`	$4.98M	USD	3 Qtrs
Proceeds from exercise of stock options and ESPP	`ProceedsFromStockOptionsExercised`	$3.04M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.54M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$252.37M	USD	3 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$65.00K	USD	3 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-173.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$344.33M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.43M	USD	3 Qtrs
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$550.74M	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`	$206.41M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$195.36M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$550.74M	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`	$206.41M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.36M	USD	Point-in-time

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