2018 Q2 Form 10-Q Financial Statement

#000105735218000082 Filed on July 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $297.0M $237.2M
YoY Change 25.24% 14.64%
Cost Of Revenue $67.14M $55.27M
YoY Change 21.46% 29.51%
Gross Profit $229.9M $181.9M
YoY Change 26.39% 10.77%
Gross Profit Margin 77.4% 76.69%
Selling, General & Admin $151.0M $126.3M
YoY Change 19.59% 14.08%
% of Gross Profit 65.7% 69.43%
Research & Development $26.27M $23.14M
YoY Change 13.51% 18.4%
% of Gross Profit 11.43% 12.72%
Depreciation & Amortization $20.60M $15.90M
YoY Change 29.56% 168.4%
% of Gross Profit 8.96% 8.74%
Operating Expenses $186.1M $154.0M
YoY Change 20.85% 13.17%
Operating Profit $43.77M $27.88M
YoY Change 56.99% -0.84%
Interest Expense $728.0K $2.693M
YoY Change -72.97% 9.69%
% of Operating Profit 1.66% 9.66%
Other Income/Expense, Net $0.00 -$2.000M
YoY Change -100.0% 17.65%
Pretax Income $45.70M $25.80M
YoY Change 77.16% -0.11%
Income Tax $1.863M $3.611M
% Of Pretax Income 4.08% 14.0%
Net Earnings $43.84M $22.18M
YoY Change 97.6% 42.42%
Net Earnings / Revenue 14.76% 9.35%
Basic Earnings Per Share $1.22 $0.68
Diluted Earnings Per Share $1.20 $0.68
COMMON SHARES
Basic Shares Outstanding 36.07M shares 32.41M shares
Diluted Shares Outstanding 36.45M shares 32.74M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $966.3M $564.6M
YoY Change 71.15% 21.34%
Cash & Equivalents $966.3M $564.6M
Short-Term Investments
Other Short-Term Assets $39.70M $19.80M
YoY Change 100.51% 53.49%
Inventory
Prepaid Expenses
Receivables $69.98M $51.51M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.076B $636.0M
YoY Change 69.18% 21.32%
LONG-TERM ASSETS
Property, Plant & Equipment $84.65M $85.78M
YoY Change -1.32% -0.84%
Goodwill $1.550B $1.280B
YoY Change 21.03% 1.86%
Intangibles $299.6M $198.1M
YoY Change 51.24% -9.34%
Long-Term Investments $10.10M $10.00M
YoY Change 1.0% 1.01%
Other Assets $87.90M $9.900M
YoY Change 787.88% -11.61%
Total Long-Term Assets $2.047B $1.584B
YoY Change 29.2% 0.06%
TOTAL ASSETS
Total Short-Term Assets $1.076B $636.0M
Total Long-Term Assets $2.047B $1.584B
Total Assets $3.123B $2.220B
YoY Change 40.66% 5.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.394M $16.69M
YoY Change -43.73% 18.92%
Accrued Expenses $37.34M $36.20M
YoY Change 3.15% -6.14%
Deferred Revenue $46.34M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $21.95M
YoY Change 85.79%
Total Short-Term Liabilities $145.9M $150.9M
YoY Change -3.3% 13.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $282.9M
YoY Change -100.0% -12.94%
Other Long-Term Liabilities $63.20M $49.30M
YoY Change 28.19% -11.96%
Total Long-Term Liabilities $63.20M $282.9M
YoY Change -77.66% -12.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $145.9M $150.9M
Total Long-Term Liabilities $63.20M $282.9M
Total Liabilities $272.0M $503.3M
YoY Change -45.96% -3.45%
SHAREHOLDERS EQUITY
Retained Earnings $471.2M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.851B $1.717B
YoY Change
Total Liabilities & Shareholders Equity $3.123B $2.220B
YoY Change 40.66% 5.35%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $43.84M $22.18M
YoY Change 97.6% 42.42%
Depreciation, Depletion And Amortization $20.60M $15.90M
YoY Change 29.56% 168.4%
Cash From Operating Activities $46.30M $30.80M
YoY Change 50.32% -20.62%
INVESTING ACTIVITIES
Capital Expenditures -$7.300M -$6.600M
YoY Change 10.61% 83.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$31.40M
YoY Change -100.0% 204.85%
Cash From Investing Activities -$7.200M -$37.90M
YoY Change -81.0% 172.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.400M -1.300M
YoY Change 161.54% -94.06%
NET CHANGE
Cash From Operating Activities 46.30M 30.80M
Cash From Investing Activities -7.200M -37.90M
Cash From Financing Activities -3.400M -1.300M
Net Change In Cash 35.70M -8.400M
YoY Change -525.0% -380.0%
FREE CASH FLOW
Cash From Operating Activities $46.30M $30.80M
Capital Expenditures -$7.300M -$6.600M
Free Cash Flow $53.60M $37.40M
YoY Change 43.32% -11.79%

Facts In Submission

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us-gaap Share Based Compensation
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CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cost of Revenues</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cost of revenues principally consists of salaries, benefits, bonuses and stock-based compensation expenses for the Company's researchers who collect and analyze the commercial real estate data that is the basis for the Company's information, analytics and online marketplaces. Additionally, cost of revenues includes the cost of data from third-party data sources, credit card and other transactions fees relating to processing customer transactions, which are expensed as incurred, and the amortization of acquired trade names and other intangible assets and database technology.</font></div></div>
us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CoStar Group, Inc. (the &#8220;Company&#8221; or &#8220;CoStar&#8221;) provides information, analytics and online marketplace services to the commercial real estate and related business community through its comprehensive, proprietary database of commercial real estate information covering the United States (&#8220;U.S.&#8221;), the United Kingdom (&#8220;U.K.&#8221;), and parts of Canada, Spain, Germany and France. The Company also provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. The Company operates within </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> operating segments, North America and International, and its services are typically distributed to its clients under subscription-based license agreements that renew automatically, a majority of which have a term of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one year</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. On an ongoing basis, the Company evaluates its estimates and assumptions, including those related to revenue recognition, allowance for doubtful accounts, useful lives of property and equipment, intangible assets and deferred commissions, recoverability of long-lived assets and intangible assets with definite lives, goodwill, income taxes, fair value of equity instruments, fair value of auction rate securities (&#8220;ARS&#8221;), accounting for business combinations and loss contingencies, among others. The Company bases these estimates on historical and anticipated results, trends, and various other assumptions that it believes are reasonable, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenues and expenses. Actual results could differ from these estimates.</font></div></div>

Files In Submission

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0001057352-18-000082-index-headers.html Edgar Link pending
0001057352-18-000082-index.html Edgar Link pending
0001057352-18-000082.txt Edgar Link pending
0001057352-18-000082-xbrl.zip Edgar Link pending
csgp-20180630.xml Edgar Link completed
csgp-20180630.xsd Edgar Link pending
csgp-20180630_cal.xml Edgar Link unprocessable
csgp-20180630_def.xml Edgar Link unprocessable
csgp-20180630_lab.xml Edgar Link unprocessable
csgp-20180630_pre.xml Edgar Link unprocessable
csgp-6302018x10q.htm Edgar Link pending
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