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10-Q Filing

COSTAR GROUP, INC. CIK: 1057352 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001057352-20-000071
Period End Date 20200331
Filing Date 20200429
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance csgp-03312020x10q_htm.xml
Balance Sheet 63 line items
Line Item Tag Value Unit Period
Cash, cash equivalents and restricted cash CashAndCashEquivalentsAtCarryingValue $1.93B USD Point-in-time
Cash, cash equivalents and restricted cash CashAndCashEquivalentsAtCarryingValue $1.07B USD Point-in-time
Accounts receivable AccountsReceivableGrossCurrent $96.79M USD Point-in-time
Accounts receivable AccountsReceivableGrossCurrent $120.56M USD Point-in-time
Less: Allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $4.55M USD Point-in-time
Less: Allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $8.31M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $112.25M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $92.24M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $30.22M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $36.19M USD Point-in-time
Total current assets AssetsCurrent $2.07B USD Point-in-time
Total current assets AssetsCurrent $1.20B USD Point-in-time
Long-term investments LongTermInvestments - USD Point-in-time
Long-term investments LongTermInvestments $10.07M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $4.76M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxAssetsNet $5.41M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $106.41M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $107.53M USD Point-in-time
Lease right-of-use assets OperatingLeaseRightOfUseAsset $115.08M USD Point-in-time
Lease right-of-use assets OperatingLeaseRightOfUseAsset $112.81M USD Point-in-time
Goodwill Goodwill $1.61B USD Point-in-time
Goodwill Goodwill $1.87B USD Point-in-time
Goodwill Goodwill $1.88B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $400.69M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $421.20M USD Point-in-time
Deferred commission costs, net DeferredCosts $91.00M USD Point-in-time
Deferred commission costs, net DeferredCosts $89.37M USD Point-in-time
Deposits and other assets DepositsAssetsNoncurrent $9.23M USD Point-in-time
Deposits and other assets DepositsAssetsNoncurrent $9.74M USD Point-in-time
Income tax receivable IncomeTaxesReceivableNoncurrent $14.81M USD Point-in-time
Income tax receivable IncomeTaxesReceivableNoncurrent $14.91M USD Point-in-time
Total assets Assets $3.85B USD Point-in-time
Total assets Assets $4.68B USD Point-in-time
Accounts payable AccountsPayableCurrent $7.64M USD Point-in-time
Accounts payable AccountsPayableCurrent $22.49M USD Point-in-time
Accrued wages and commissions EmployeeRelatedLiabilitiesCurrent $53.09M USD Point-in-time
Accrued wages and commissions EmployeeRelatedLiabilitiesCurrent $49.30M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $40.31M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $38.68M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $10.71M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $12.18M USD Point-in-time
Lease liabilities OperatingLeaseLiabilityCurrent $27.68M USD Point-in-time
Lease liabilities OperatingLeaseLiabilityCurrent $29.67M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $67.27M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $84.72M USD Point-in-time
Total current liabilities LiabilitiesCurrent $207.06M USD Point-in-time
Total current liabilities LiabilitiesCurrent $236.68M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $745.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent - USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $87.10M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $88.80M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $20.61M USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $20.52M USD Point-in-time
Lease and other long-term liabilities OtherLongTermDebtNoncurrent $133.72M USD Point-in-time
Lease and other long-term liabilities OtherLongTermDebtNoncurrent $130.70M USD Point-in-time
Total liabilities Liabilities $448.39M USD Point-in-time
Total liabilities Liabilities $1.22B USD Point-in-time
Total stockholders equity StockholdersEquity $3.02B USD Point-in-time
Total stockholders equity StockholdersEquity $3.41B USD Point-in-time
Total stockholders equity StockholdersEquity $3.13B USD Point-in-time
Total stockholders equity StockholdersEquity $3.46B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $3.85B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $4.68B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $391.85M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $328.43M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $78.91M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $71.15M USD 1 Quarter
Gross profit GrossProfit $312.94M USD 1 Quarter
Gross profit GrossProfit $257.27M USD 1 Quarter
Selling and marketing (excluding customer base amortization) SellingAndMarketingExpense $88.09M USD 1 Quarter
Selling and marketing (excluding customer base amortization) SellingAndMarketingExpense $125.11M USD 1 Quarter
Software development ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost $41.61M USD 1 Quarter
Software development ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost $27.93M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $40.08M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $58.87M USD 1 Quarter
Customer base amortization AmortizationOfIntangibleAssets $11.48M USD 1 Quarter
Customer base amortization AmortizationOfIntangibleAssets $7.68M USD 1 Quarter
Total operating expenses OperatingExpenses $237.07M USD 1 Quarter
Total operating expenses OperatingExpenses $163.78M USD 1 Quarter
Income from operations OperatingIncomeLoss $75.86M USD 1 Quarter
Income from operations OperatingIncomeLoss $93.49M USD 1 Quarter
Interest and other income OtherNonoperatingIncome $4.52M USD 1 Quarter
Interest and other income OtherNonoperatingIncome $4.95M USD 1 Quarter
Interest and other expense InterestExpense $2.03M USD 1 Quarter
Interest and other expense InterestExpense $732.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $78.36M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $97.70M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $5.56M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $12.54M USD 1 Quarter
Net income NetIncomeLoss $85.17M USD 1 Quarter
Net income NetIncomeLoss $72.79M USD 1 Quarter
Net income per share-basic (in dollars per share) EarningsPerShareBasic $2.35 USD 1 Quarter
Net income per share-basic (in dollars per share) EarningsPerShareBasic $2.00 USD 1 Quarter
Net income per share-diluted (in dollars per share) EarningsPerShareDiluted $2.33 USD 1 Quarter
Net income per share-diluted (in dollars per share) EarningsPerShareDiluted $1.98 USD 1 Quarter
Weighted average outstanding shares-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 36.47M shares 1 Quarter
Weighted average outstanding shares-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 36.24M shares 1 Quarter
Weighted average outstanding shares-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 36.78M shares 1 Quarter
Weighted average outstanding shares-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 36.57M shares 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $85.17M USD 1 Quarter
Net income NetIncomeLoss $72.79M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $24.26M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $19.66M USD 1 Quarter
Amortization of deferred commissions costs AmortizationOfDeferredSalesCommissions $14.75M USD 1 Quarter
Amortization of deferred commissions costs AmortizationOfDeferredSalesCommissions $12.41M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $292.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $219.00K USD 1 Quarter
Realized loss on investments DebtSecuritiesRealizedGainLoss $-541.00K USD 1 Quarter
Non-cash lease expense NonCashLeaseExpense $6.26M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $12.03M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $15.18M USD 1 Quarter
Deferred income taxes, net DeferredIncomeTaxExpenseBenefit $2.83M USD 1 Quarter
Deferred income taxes, net DeferredIncomeTaxExpenseBenefit $3.70M USD 1 Quarter
Credit loss expense ProvisionForDoubtfulAccounts $2.19M USD 1 Quarter
Credit loss expense ProvisionForDoubtfulAccounts $6.18M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $5.83M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $26.61M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $1.62M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $8.31M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-206.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.84M USD 1 Quarter
Deferred commissions IncreaseDecreaseDeferredCommissions $-13.73M USD 1 Quarter
Deferred commissions IncreaseDecreaseDeferredCommissions $-16.52M USD 1 Quarter
Other assets IncreaseDecreaseLeaseRightofUseandOtherAssets $1.22M USD 1 Quarter
Other assets IncreaseDecreaseLeaseRightofUseandOtherAssets $-59.00K USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $15.56M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $15.07M USD 1 Quarter
Lease liabilities IncreaseDecreaseInLeaseLiability $-6.97M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $18.25M USD 1 Quarter
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $8.71M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $148.49M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $131.46M USD 1 Quarter
Proceeds from sale and settlement of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $10.26M USD 1 Quarter
Proceeds from sale and settlement of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments - USD 1 Quarter
Purchases of property and equipment and other assets PaymentsToAcquireProductiveAssets $9.43M USD 1 Quarter
Purchases of property and equipment and other assets PaymentsToAcquireProductiveAssets $7.13M USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cash paid for acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $432.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $2.69M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-9.43M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $745.00M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations PaymentsRelatedToTaxWithholdingForShareBasedCompensation $18.68M USD 1 Quarter
Repurchase of restricted stock to satisfy tax withholding obligations PaymentsRelatedToTaxWithholdingForShareBasedCompensation $30.14M USD 1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan ProceedsFromExerciseOfStockOptionsAndEspp $12.06M USD 1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan ProceedsFromExerciseOfStockOptionsAndEspp $10.29M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-6.62M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $725.15M USD 1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-46.00K USD 1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.12M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $857.19M USD 1 Quarter
Net increase in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $132.40M USD 1 Quarter
Cash, cash equivalents and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.23B USD Point-in-time
Cash, cash equivalents and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.10B USD Point-in-time
Cash, cash equivalents and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.93B USD Point-in-time
Cash, cash equivalents and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.07B USD Point-in-time
Cash, cash equivalents and restricted cash at the end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.23B USD Point-in-time
Cash, cash equivalents and restricted cash at the end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.10B USD Point-in-time
Cash, cash equivalents and restricted cash at the end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.93B USD Point-in-time
Cash, cash equivalents and restricted cash at the end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.07B USD Point-in-time
Interest paid InterestPaidNet $519.00K USD 1 Quarter
Interest paid InterestPaidNet $499.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $1.11M USD 1 Quarter
Income taxes paid IncomeTaxesPaid $521.00K USD 1 Quarter
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $3.02B USD Point-in-time
Beginning balance StockholdersEquity $3.41B USD Point-in-time
Beginning balance StockholdersEquity $3.13B USD Point-in-time
Beginning balance StockholdersEquity $3.46B USD Point-in-time
Balance at January 1, 2019 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 $3.03B USD Point-in-time
Net income NetIncomeLoss $85.17M USD 1 Quarter
Net income NetIncomeLoss $72.79M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-12.22M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $380.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $10.64M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $9.23M USD 1 Quarter
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Restricted stock grants StockIssuedDuringPeriodValueRestrictedStockAwardGross - USD 1 Quarter
Restricted stock grants surrendered AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $30.14M USD 1 Quarter
Restricted stock grants surrendered AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $18.68M USD 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $15.01M USD 1 Quarter
Stock-based compensation expense StockIssuedDuringPeriodValueShareBasedCompensation $12.03M USD 1 Quarter
Management stock purchase plan AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.49M USD 1 Quarter
Employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.58M USD 1 Quarter
Employee stock purchase plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $2.55M USD 1 Quarter
Ending balance StockholdersEquity $3.02B USD Point-in-time
Ending balance StockholdersEquity $3.41B USD Point-in-time
Ending balance StockholdersEquity $3.13B USD Point-in-time
Ending balance StockholdersEquity $3.46B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $85.17M USD 1 Quarter
Net income NetIncomeLoss $72.79M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $380.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-12.95M USD 1 Quarter
Unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $189.00K USD 1 Quarter
Reclassification adjustment for realized loss on investments included in net income OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-541.00K USD 1 Quarter
Reclassification adjustment for realized loss on investments included in net income OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax - USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-12.22M USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $380.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $60.57M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $85.55M USD 1 Quarter

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

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