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10-Q Filing

COSTAR GROUP, INC. CIK: 1057352 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001057352-18-000066
Period End Date 20180331
Filing Date 20180425
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance csgp-20180331.xml
Balance Sheet 61 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $567.22M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $931.43M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $6.47M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $5.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $572.47M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of approximately $5,136 and $6,469 as of March 31, 2018 and December 31, 2017, respectively AccountsReceivableNetCurrent $60.90M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of approximately $5,136 and $6,469 as of March 31, 2018 and December 31, 2017, respectively AccountsReceivableNetCurrent $68.91M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.57M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $31.66M USD Point-in-time
Total current assets AssetsCurrent $1.29B USD Point-in-time
Total current assets AssetsCurrent $1.03B USD Point-in-time
Long-term investments LongTermInvestments $10.07M USD Point-in-time
Long-term investments LongTermInvestments $10.07M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $5.43M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $4.58M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $84.50M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $83.40M USD Point-in-time
Goodwill Goodwill $1.55B USD Point-in-time
Goodwill Goodwill $1.28B USD Point-in-time
Goodwill Goodwill $1.25B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $313.86M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $182.89M USD Point-in-time
Deferred commission costs DeferredCosts - USD Point-in-time
Deferred commission costs DeferredCosts $75.20M USD Point-in-time
Deposits and other assets DepositsAssetsNoncurrent $6.18M USD Point-in-time
Deposits and other assets DepositsAssetsNoncurrent $11.76M USD Point-in-time
Income tax receivable IncomeTaxesReceivableNoncurrent $12.98M USD Point-in-time
Income tax receivable IncomeTaxesReceivableNoncurrent $12.98M USD Point-in-time
Total assets Assets $3.10B USD Point-in-time
Total assets Assets $2.87B USD Point-in-time
Accounts payable AccountsPayableCurrent $7.84M USD Point-in-time
Accounts payable AccountsPayableCurrent $9.26M USD Point-in-time
Accrued wages and commissions EmployeeRelatedLiabilitiesCurrent $51.04M USD Point-in-time
Accrued wages and commissions EmployeeRelatedLiabilitiesCurrent $54.10M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $22.19M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $40.65M USD Point-in-time
Deferred gain on the sale of building Deferredgainonthesaleofbuildingcurrent $2.52M USD Point-in-time
Deferred gain on the sale of building Deferredgainonthesaleofbuildingcurrent $2.52M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $8.17M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $9.26M USD Point-in-time
Deferred rent DeferredRentCreditCurrent $4.73M USD Point-in-time
Deferred rent DeferredRentCreditCurrent $4.87M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $49.47M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $45.69M USD Point-in-time
Total current liabilities LiabilitiesCurrent $146.67M USD Point-in-time
Total current liabilities LiabilitiesCurrent $165.64M USD Point-in-time
Deferred gain on the sale of building DeferredGainOnSaleOfProperty $15.56M USD Point-in-time
Deferred gain on the sale of building DeferredGainOnSaleOfProperty $16.19M USD Point-in-time
Deferred rent DeferredRentCreditNoncurrent $33.91M USD Point-in-time
Deferred rent DeferredRentCreditNoncurrent $32.00M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $65.46M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $12.07M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $13.35M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $15.48M USD Point-in-time
Total liabilities Liabilities $222.19M USD Point-in-time
Total liabilities Liabilities $294.14M USD Point-in-time
Total stockholders equity StockholdersEquity $2.80B USD Point-in-time
Total stockholders equity StockholdersEquity $2.65B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $2.87B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $3.10B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Revenues Revenues $273.72M USD 1 Quarter
Revenues Revenues $226.55M USD 1 Quarter
Cost of revenues CostOfRevenue $62.48M USD 1 Quarter
Cost of revenues CostOfRevenue $51.35M USD 1 Quarter
Gross profit GrossProfit $211.24M USD 1 Quarter
Gross profit GrossProfit $175.21M USD 1 Quarter
Selling and marketing (excluding customer base amortization) SellingAndMarketingExpense $88.49M USD 1 Quarter
Selling and marketing (excluding customer base amortization) SellingAndMarketingExpense $76.40M USD 1 Quarter
Software development ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost $22.91M USD 1 Quarter
Software development ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost $22.37M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $40.59M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $33.99M USD 1 Quarter
Customer base amortization AmortizationOfIntangibleAssets $5.80M USD 1 Quarter
Customer base amortization AmortizationOfIntangibleAssets $4.77M USD 1 Quarter
Total operating expenses OperatingExpenses $157.80M USD 1 Quarter
Total operating expenses OperatingExpenses $137.54M USD 1 Quarter
Income from operations OperatingIncomeLoss $37.66M USD 1 Quarter
Income from operations OperatingIncomeLoss $53.45M USD 1 Quarter
Interest and other income OtherNonoperatingIncome $2.99M USD 1 Quarter
Interest and other income OtherNonoperatingIncome $429.00K USD 1 Quarter
Interest and other expense InterestExpense $690.00K USD 1 Quarter
Interest and other expense InterestExpense $2.69M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $35.41M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $55.74M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.51M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $13.28M USD 1 Quarter
Net income NetIncomeLoss $22.13M USD 1 Quarter
Net income NetIncomeLoss $52.23M USD 1 Quarter
Net income per share-basic (in dollars per share) EarningsPerShareBasic $1.46 USD 1 Quarter
Net income per share-basic (in dollars per share) EarningsPerShareBasic $0.69 USD 1 Quarter
Net income per share-diluted (in dollars per share) EarningsPerShareDiluted $1.44 USD 1 Quarter
Net income per share-diluted (in dollars per share) EarningsPerShareDiluted $0.68 USD 1 Quarter
Weighted average outstanding shares-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.89M shares 1 Quarter
Weighted average outstanding shares-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 32.28M shares 1 Quarter
Weighted average outstanding shares-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 32.56M shares 1 Quarter
Weighted average outstanding shares-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 36.35M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $22.13M USD 1 Quarter
Net income NetIncomeLoss $52.23M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $17.30M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $16.98M USD 1 Quarter
Amortization of deferred commissions costs AmortizationOfDeferredSalesCommissions - USD 1 Quarter
Amortization of deferred commissions costs AmortizationOfDeferredSalesCommissions $12.01M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $219.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $772.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.36M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $10.41M USD 1 Quarter
Deferred income tax expense, net DeferredIncomeTaxExpenseBenefit $1.85M USD 1 Quarter
Deferred income tax expense, net DeferredIncomeTaxExpenseBenefit $2.09M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $1.80M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $1.43M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $2.51M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $2.76M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $9.52M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $359.00K USD 1 Quarter
Deferred commissions IncreaseDecreaseDeferredCommissions - USD 1 Quarter
Deferred commissions IncreaseDecreaseDeferredCommissions $-16.26M USD 1 Quarter
Deposits and other assets IncreaseDecreaseInDeposits $-3.41M USD 1 Quarter
Deposits and other assets IncreaseDecreaseInDeposits $-117.00K USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.29M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $11.59M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $5.27M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $2.76M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $72.98M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $64.56M USD 1 Quarter
Purchases of property and equipment and other assets PaymentsToAcquireProductiveAssets $8.62M USD 1 Quarter
Purchases of property and equipment and other assets PaymentsToAcquireProductiveAssets $6.15M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $340.07M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $13.67M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-19.82M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-348.69M USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt - USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt $35.00M USD 1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.78M USD 1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations PaymentsRelatedToTaxWithholdingForShareBasedCompensation $15.39M USD 1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan ProceedsFromExerciseOfStockOptionsAndEspp $10.62M USD 1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan ProceedsFromExerciseOfStockOptionsAndEspp $1.23M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-39.55M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-4.78M USD 1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $58.00K USD 1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $448.00K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-280.03M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $5.25M USD 1 Quarter
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $567.22M USD Point-in-time
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $931.43M USD Point-in-time
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $572.47M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $567.22M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $931.43M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $1.21B USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $572.47M USD Point-in-time
Interest paid InterestPaid $381.00K USD 1 Quarter
Interest paid InterestPaid $1.34M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $533.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $434.00K USD 1 Quarter
Stock issued in connection with acquisition - ForRent OtherSignificantNoncashTransactionValueOfConsiderationGiven1 $36.37M USD 1 Quarter
Stock issued in connection with acquisition - ForRent OtherSignificantNoncashTransactionValueOfConsiderationGiven1 - USD 1 Quarter
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $2.80B USD Point-in-time
Balance StockholdersEquity $2.65B USD Point-in-time
Cumulative effect of adoption of new accounting standard CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $54.46M USD Point-in-time
Balance at January 1, 2018 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 $2.71B USD Point-in-time
Net income NetIncomeLoss $22.13M USD 1 Quarter
Net income NetIncomeLoss $52.23M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $951.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $411.00K USD 1 Quarter
Exercise of stock options (in shares) StockIssuedDuringPeriodSharesStockOptionsExercised 8,290.00 shares 1 Quarter
Exercise of stock options (in shares) StockIssuedDuringPeriodSharesStockOptionsExercised 110,791.00 shares 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $9.33M USD 1 Quarter
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Restricted stock grants surrendered AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $15.39M USD 1 Quarter
Stock compensation expense, net of forfeitures StockIssuedDuringPeriodValueShareBasedCompensation $10.34M USD 1 Quarter
Employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.43M USD 1 Quarter
Stock issued for acquisitions StockIssuedDuringPeriodValueAcquisitions $36.37M USD 1 Quarter
Balance StockholdersEquity $2.80B USD Point-in-time
Balance StockholdersEquity $2.65B USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $22.13M USD 1 Quarter
Net income NetIncomeLoss $52.23M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $411.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $951.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $951.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $411.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $22.54M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $53.18M USD 1 Quarter

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

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