10-Q Filing

COSTAR GROUP, INC. CIK: 1057352 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001057352-16-000128`
Period End Date	20160331
Filing Date	20160428
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	csgp-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 36 Cash Flow Statement 60 Comprehensive Income 10

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$527.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$541.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$421.82M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.48M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$461.72M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.09M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of approximately $8,229 and $7,478 as of March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$40.28M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of approximately $8,229 and $7,478 as of March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$47.31M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$154.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$430.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$472.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$519.94M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$9.94M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$15.51M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$9.11M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$8.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$88.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$85.96M	USD	Point-in-time
Goodwill	`Goodwill`	$1.25B	USD	Point-in-time
Goodwill	`Goodwill`	$1.14B	USD	Point-in-time
Goodwill	`Goodwill`	$1.25B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$238.32M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$226.39M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$2.40M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$2.65M	USD	Point-in-time
Total assets	`Assets`	$2.11B	USD	Point-in-time
Total assets	`Assets`	$2.08B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$16.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$16.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.67M	USD	Point-in-time
Accrued wages and commissions	`EmployeeRelatedLiabilitiesCurrent`	$23.20M	USD	Point-in-time
Accrued wages and commissions	`EmployeeRelatedLiabilitiesCurrent`	$31.05M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$41.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.42M	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`	$8.23M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$46.00K	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$1.37M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$1.69M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$43.10M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$42.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$135.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$143.34M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$338.37M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$334.15M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingNoncurrent`	$21.24M	USD	Point-in-time
Deferred gain on the sale of building	`DeferredGainOnSaleOfBuildingNoncurrent`	$20.61M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$29.63M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$29.63M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$6.07M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$4.58M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$6.69M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$6.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$540.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$535.79M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.57B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.08B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.11B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$199.74M	USD	1 Quarter
Revenues	`Revenues`	$159.02M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$42.90M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$45.40M	USD	1 Quarter
Gross margin	`GrossProfit`	$113.62M	USD	1 Quarter
Gross margin	`GrossProfit`	$156.84M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$69.48M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$75.20M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$15.15M	USD	1 Quarter
Software development	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$17.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$25.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.48M	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$6.22M	USD	1 Quarter
Purchase amortization	`AmortizationOfIntangibleAssets`	$7.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$117.13M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.54M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-3.51M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$30.30M	USD	1 Quarter
Interest and other income	`InvestmentIncomeInterest`	$294.00K	USD	1 Quarter
Interest and other income	`InvestmentIncomeInterest`	$84.00K	USD	1 Quarter
Interest and other expense	`InterestExpense`	$2.51M	USD	1 Quarter
Interest and other expense	`InterestExpense`	$2.34M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.56M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.88M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$11.15M	USD	1 Quarter
Income tax expense, net	`IncomeTaxExpenseBenefit`	$571.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.13M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$16.72M	USD	1 Quarter
Net income (loss) per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Net income (loss) per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Net income (loss) per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Net income (loss) per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Weighted average outstanding shares-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.83M	shares	1 Quarter
Weighted average outstanding shares-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.09M	shares	1 Quarter
Weighted average outstanding shares-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.83M	shares	1 Quarter
Weighted average outstanding shares-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.38M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-6.13M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$16.72M	USD	1 Quarter
Depreciation	`Depreciation`	$5.47M	USD	1 Quarter
Depreciation	`Depreciation`	$4.19M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$13.62M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$12.05M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$827.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$811.00K	USD	1 Quarter
Impairment loss	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	1 Quarter
Impairment loss	`ImpairmentOfIntangibleAssetsFinitelived`	$1.40M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.10M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$430.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$8.33M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.44M	USD	1 Quarter
Deferred income tax benefit, net	`DeferredIncomeTaxExpenseBenefit`	$3.89M	USD	1 Quarter
Deferred income tax benefit, net	`DeferredIncomeTaxExpenseBenefit`	$1.71M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.56M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$2.22M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.64M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.29M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$566.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-542.00K	USD	1 Quarter
Deposits and other assets	`IncreaseDecreaseInDeposits`	$239.00K	USD	1 Quarter
Deposits and other assets	`IncreaseDecreaseInDeposits`	$-83.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.23M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.41M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.52M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.93M	USD	1 Quarter
Proceeds from sale and settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$650.00K	USD	1 Quarter
Proceeds from sale and settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$4.70M	USD	1 Quarter
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$3.79M	USD	1 Quarter
Purchases of property and equipment and other assets	`PaymentsToAcquireProductiveAssets`	$11.74M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$490.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$416.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.09M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.10M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$430.00K	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.20M	USD	1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.83M	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromExerciseOfStockOptionsAndEspp`	$1.18M	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromExerciseOfStockOptionsAndEspp`	$4.05M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.05M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.22M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-215.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-263.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.90M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.76M	USD	1 Quarter
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$527.01M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$541.77M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$421.82M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$461.72M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$527.01M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$541.77M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$421.82M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$461.72M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-6.13M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$16.72M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-533.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.26M	USD	1 Quarter
Net decrease in unrealized loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$229.00K	USD	1 Quarter
Net decrease in unrealized loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$168.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.09M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-304.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-7.22M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$16.42M	USD	1 Quarter

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