10-Q Filing

COSTAR GROUP, INC. CIK: 1057352 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001057352-14-000039`
Period End Date	20140331
Filing Date	20140424
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	csgp-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 36 Cash Flow Statement 60 Comprehensive Income 10

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.40M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$255.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$223.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$167.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.03M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of approximately $3,857 and $3,397 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$32.29M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of approximately $3,857 and $3,397 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$20.76M	USD	Point-in-time
Deferred and other income taxes, net	`DeferredTaxAssetsNetCurrent`	$37.36M	USD	Point-in-time
Deferred and other income taxes, net	`DeferredTaxAssetsNetCurrent`	$22.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.60M	USD	Point-in-time
Debt issuance costs, net	`DeferredCostsCurrent`	$2.55M	USD	Point-in-time
Debt issuance costs, net	`DeferredCostsCurrent`	$2.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$308.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$303.75M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$21.99M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$22.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.72M	USD	Point-in-time
Goodwill	`Goodwill`	$718.08M	USD	Point-in-time
Goodwill	`Goodwill`	$718.59M	USD	Point-in-time
Goodwill	`Goodwill`	$718.82M	USD	Point-in-time
Intangibles and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$144.47M	USD	Point-in-time
Intangibles and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$137.17M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$1.82M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$1.85M	USD	Point-in-time
Debt issuance costs, net	`DeferredCosts`	$3.73M	USD	Point-in-time
Debt issuance costs, net	`DeferredCosts`	$3.89M	USD	Point-in-time
Total assets	`Assets`	$1.24B	USD	Point-in-time
Total assets	`Assets`	$1.26B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$24.06M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$26.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.94M	USD	Point-in-time
Accrued wages and commissions	`EmployeeRelatedLiabilitiesCurrent`	$20.10M	USD	Point-in-time
Accrued wages and commissions	`EmployeeRelatedLiabilitiesCurrent`	$12.43M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$26.21M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$23.20M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfProperty`	$2.52M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfProperty`	$2.52M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.36M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$35.93M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$34.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$111.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$107.28M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$122.50M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$129.06M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingNoncurrent`	$26.29M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingNoncurrent`	$25.66M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$22.83M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$23.35M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$31.39M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$34.58M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.81M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$315.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$329.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$927.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$929.79M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.24B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.26B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$119.08M	USD	1 Quarter
Revenues	`Revenues`	$104.03M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$33.64M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$33.61M	USD	1 Quarter
Gross margin	`GrossProfit`	$85.43M	USD	1 Quarter
Gross margin	`GrossProfit`	$70.43M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$26.98M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$27.75M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$12.10M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$12.35M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$29.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$24.90M	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$3.30M	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$4.12M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$68.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$73.03M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.60M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$17.14M	USD	1 Quarter
Interest and other income	`InvestmentIncomeInterest`	$137.00K	USD	1 Quarter
Interest and other income	`InvestmentIncomeInterest`	$104.00K	USD	1 Quarter
Interest and other expense	`InterestExpense`	$1.61M	USD	1 Quarter
Interest and other expense	`InterestExpense`	$1.75M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.66M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.25M	USD	1 Quarter
Income tax expense (benefit), net	`IncomeTaxExpenseBenefit`	$5.92M	USD	1 Quarter
Income tax expense (benefit), net	`IncomeTaxExpenseBenefit`	$-1.84M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.74M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.41M	USD	1 Quarter
Net income (loss) per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Net income (loss) per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Net income (loss) per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Net income (loss) per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Weighted average outstanding shares-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.43M	shares	1 Quarter
Weighted average outstanding shares-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.27M	shares	1 Quarter
Weighted average outstanding shares-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.43M	shares	1 Quarter
Weighted average outstanding shares-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.84M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$9.74M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.41M	USD	1 Quarter
Depreciation	`Depreciation`	$2.91M	USD	1 Quarter
Depreciation	`Depreciation`	$3.54M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$7.26M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$6.31M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$710.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$747.00K	USD	1 Quarter
Impairment loss	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Impairment loss	`ImpairmentOfIntangibleAssetsFinitelived`	$1.05M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$23.43M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$7.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.88M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$17.33M	USD	1 Quarter
Deferred income tax expense (benefit), net	`DeferredIncomeTaxExpenseBenefit`	$-7.66M	USD	1 Quarter
Deferred income tax expense (benefit), net	`DeferredIncomeTaxExpenseBenefit`	$5.09M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$321.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$986.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.38M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.51M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$325.00K	USD	1 Quarter
Deposits and other assets	`IncreaseDecreaseInDeposits`	$322.00K	USD	1 Quarter
Deposits and other assets	`IncreaseDecreaseInDeposits`	$39.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.59M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.99M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.32M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.52M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.71M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.55M	USD	1 Quarter
Proceeds from sale and settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$83.00K	USD	1 Quarter
Proceeds from sale and settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	1 Quarter
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$4.64M	USD	1 Quarter
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$4.15M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.15M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$4.38M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$4.38M	USD	1 Quarter
Payments of deferred consideration	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.34M	USD	1 Quarter
Payments of deferred consideration	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.34M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$23.43M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$7.30M	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$42.55M	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.14M	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromExerciseOfStockOptionsAndEspp`	$6.81M	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromExerciseOfStockOptionsAndEspp`	$3.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.84M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.25M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-30.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$38.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.51M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.37M	USD	1 Quarter
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$255.95M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$223.44M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$167.39M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$156.03M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$255.95M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$223.44M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$167.39M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$156.03M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$9.74M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.41M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.64M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$259.00K	USD	1 Quarter
Net decrease in unrealized loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$178.00K	USD	1 Quarter
Net decrease in unrealized loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$63.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$437.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.58M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$10.18M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.99M	USD	1 Quarter

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