Stock Analysis on Net
Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 26, 2023.

Common-Size Balance Sheet: Assets

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CoStar Group Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents
Accounts receivable, net
Prepaid expenses and other current assets
Current assets
Long-term investments
Deferred income taxes, net
Lease right-of-use assets
Property and equipment, net
Goodwill
Intangible assets, net
Deferred commission costs, net
Deposits and other assets
Income tax receivable
Long-term assets
Total assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets displayed notable fluctuations over the period, initially decreasing from 33.22% in 2018 to 27.78% in 2019, then sharply increasing to dominate more than half of total assets in subsequent years, peaking at 59.13% by the end of 2022. This trend indicates a significant buildup of liquid assets, potentially reflecting a strategy to maintain high liquidity or a response to market conditions.
Accounts receivable, net
Accounts receivable as a percentage of total assets demonstrated a consistent declining trend from 2.69% in 2018 to a low of 1.50% in 2020, followed by a slight recovery up to 1.83% in 2022. This pattern suggests improved efficiency in receivables collection or a shift in revenue recognition policies during these years.
Prepaid expenses and other current assets
The share of prepaid expenses and other current assets relative to total assets varied modestly, with a dip in 2020 to 0.41%, followed by a gradual increase reaching 0.76% by 2022. These minor fluctuations indicate stability in prepayments and other short-term assets over the analyzed period.
Current assets
Current assets as a proportion of total assets experienced considerable variation, decreasing from 36.62% in 2018 to 31.11% in 2019, then sharply increasing to over 56% in 2020 and maintaining a high level above 54% through 2022. This increase aligns with the earlier observed growth in cash and cash equivalents, reflecting an overall increase in the liquidity profile.
Long-term investments
Long-term investments presented marginal values in 2018 and 2019 but lacked data from 2020 onward, impeding further trend analysis. The initial low percentages (around 0.3%) suggest this category represented a minimal share of total assets during the early years.
Deferred income taxes, net
Deferred income taxes as a share of total assets showed a decreasing trend from 0.23% in 2018 to 0.07% in 2020 and 2021, with a slight rebound to 0.12% in 2022. This suggests relatively small and somewhat stable deferred tax asset levels throughout the period.
Lease right-of-use assets
Introduced in 2019 at 2.99%, the proportion of lease right-of-use assets declined steadily each year to 0.96% by 2022. This pattern reflects diminishing recognized lease assets, possibly due to lease term expirations or changes in leasing strategies.
Property and equipment, net
Net property and equipment assets fluctuated moderately, starting at 2.51% in 2018, rising to 3.82% in 2022 after a dip in 2020. This indicates a gradual increase in physical asset investment or capitalization of expenditures over the timeframe.
Goodwill
Goodwill, as a major long-term asset, showed a pronounced decline, decreasing from 48.64% of total assets in 2018 to 27.55% in 2022. This substantial reduction could suggest impairment charges, divestitures, or a shift in acquisition strategy reducing intangible premiums.
Intangible assets, net
Intangible assets followed a similar downward trajectory as goodwill, falling from 8.72% in 2018 to 3.92% in 2022. This decline aligns with the reduction in goodwill and may correspond to amortization or impairments of intangible assets over time.
Deferred commission costs, net
Deferred commission costs remained relatively stable but showed a slight decrease from 2.29% in 2018 to 1.35% in 2020, followed by a gradual increase to 1.70% in 2022. This suggests some variability in capitalized commissions, reflecting changes in customer acquisition or retention activities.
Deposits and other assets
Deposits and other assets maintained a low and stable share of total assets, fluctuating narrowly between 0.20% and 0.30%, indicating these assets constituted a minor and steady component of the balance sheet.
Income tax receivable
The proportion of income tax receivable steadily declined from 0.45% in 2018 to a negligible 0.02% by 2022, suggesting reduced tax recoverables or improved tax payment synchronization with reported earnings.
Long-term assets
Long-term assets as a percentage of total assets showed a significant decline from 63.38% in 2018 to 38.28% in 2022. This decline corresponds with decreases in goodwill and intangible assets and the rising proportion of current assets, indicating a shift in asset composition toward short-term, more liquid assets.
Total assets
By definition, total assets remained constant at 100% across all periods, providing the basis for proportional analysis of individual asset categories.