Stock Analysis on Net
Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

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

Common-Size Balance Sheet: Assets 
Quarterly Data

CoStar Group Inc., common-size consolidated balance sheet: assets (quarterly data)

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Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 59.89 59.36 59.13 58.18 53.42 53.40 52.74 52.75 51.94 53.16 54.31 56.90 54.77 41.15 27.78 37.40 35.85 34.74 33.22 33.42 30.94 30.09
Accounts receivable, net 2.08 2.13 1.83 1.80 2.05 1.83 1.72 1.62 1.53 1.58 1.50 1.54 1.75 2.40 2.39 2.46 2.64 2.62 2.69 2.57 2.24 2.23
Income tax receivable 0.00 0.00 0.00 0.11 0.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prepaid expenses and other current assets 0.67 0.71 0.76 0.91 0.74 0.49 0.50 0.53 0.49 0.32 0.41 0.51 0.44 0.65 0.94 0.64 0.56 0.58 0.72 0.79 1.27 1.02
Current assets 62.64% 62.20% 61.72% 61.01% 56.34% 55.73% 54.96% 54.90% 53.96% 55.06% 56.23% 58.95% 56.96% 44.20% 31.11% 40.50% 39.05% 37.94% 36.62% 36.77% 34.46% 33.34%
Long-term investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.27 0.28 0.28 0.30 0.31 0.32 0.33
Deferred income taxes, net 0.11 0.11 0.12 0.06 0.07 0.07 0.07 0.03 0.04 0.05 0.07 0.06 0.07 0.10 0.14 0.12 0.16 0.18 0.23 0.08 0.13 0.15
Property and equipment, net 4.14 3.88 3.82 3.73 4.02 3.86 3.74 3.35 3.38 3.45 1.83 1.87 1.61 2.27 2.79 2.91 2.33 2.42 2.51 2.55 2.71 2.69
Lease right-of-use assets 0.91 0.89 0.96 1.15 1.33 1.30 1.39 1.49 1.69 1.31 1.57 1.56 1.74 2.41 2.99 2.84 3.07 3.16 0.00 0.00 0.00 0.00
Goodwill 26.71 27.22 27.55 28.05 31.19 31.53 31.98 32.16 32.43 31.85 32.33 29.65 31.01 40.00 48.83 43.51 44.68 45.43 48.64 48.30 49.62 50.12
Intangible assets, net 3.39 3.67 3.92 4.18 5.19 5.56 6.00 6.28 6.73 6.49 6.17 6.10 6.75 8.55 10.93 6.98 7.52 7.77 8.72 8.92 9.60 10.14
Deferred commission costs, net 1.87 1.80 1.70 1.58 1.61 1.50 1.40 1.35 1.33 1.34 1.35 1.37 1.42 1.94 2.32 2.30 2.32 2.18 2.29 2.37 2.44 2.43
Deposits and other assets 0.20 0.20 0.20 0.21 0.23 0.30 0.30 0.24 0.23 0.23 0.23 0.22 0.21 0.21 0.24 0.17 0.19 0.21 0.22 0.23 0.25 0.38
Income tax receivable 0.02 0.02 0.02 0.02 0.03 0.15 0.16 0.21 0.21 0.22 0.22 0.22 0.23 0.32 0.39 0.40 0.41 0.42 0.45 0.46 0.48 0.42
Long-term assets 37.36% 37.80% 38.28% 38.99% 43.66% 44.27% 45.04% 45.10% 46.04% 44.94% 43.77% 41.05% 43.04% 55.80% 68.89% 59.50% 60.95% 62.06% 63.38% 63.23% 65.54% 66.66%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents as a percentage of total assets demonstrated an overall increasing trend throughout the periods. Starting at 30.09% in March 2018, it reached a peak above 59% by June 2023. Notably, there was a significant rise beginning in early 2020, coinciding with a sharp increase observed during the second quarter of 2020, which suggests a strategic emphasis on liquidity during this period.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets showed relative stability with minor fluctuations. Initial values near 2.2% in early 2018 decreased to a low around 1.5% by late 2020, followed by gradual incremental rises to approximately 2.1% by mid-2023. This indicates modest growth in credit sales or collections over time.
Prepaid Expenses and Other Current Assets
This category exhibited variability, starting at 1.02% in early 2018 and generally trending downward until late 2020, where it reached around 0.41%. Afterward, there was a mild recovery and slight oscillation, maintaining between 0.67% and 0.91% in recent quarters. This pattern might reflect changes in operational expenses or payment cycles.
Current Assets
The share of current assets relative to total assets showed a clear upward trend. It rose from approximately 33.34% at the start of the dataset to above 62% by mid-2023. The most substantial increase occurred during 2020, indicating a shift toward a more liquid asset base possibly as a response to external economic uncertainties.
Long-Term Investments
Long-term investments maintained a small and slightly diminishing proportion, declining gently from 0.33% in early 2018 to 0.26% by the end of 2019. Data beyond this point is unavailable, suggesting either a cessation in reporting or immaterial impact.
Deferred Income Taxes, Net
This asset class remained marginal, consistently below 0.2% of total assets, without notable trends or volatility, reflecting a stable treatment of deferred tax assets over time.
Property and Equipment, Net
The proportion of property and equipment experienced modest fluctuations, generally ranging between 1.6% and 4.1%. A notable dip occurred during the first half of 2020, followed by a recovery, peaking around 4.14% in mid-2023. This could point to capital expenditure adjustments or asset disposals and acquisitions in that timeframe.
Lease Right-of-Use Assets
Reported shortly after 2018, these assets decreased steadily from approximately 3.16% in early 2019 to about 0.91% by mid-2023. The downward trend suggests a reduction in lease liabilities or a shift toward direct asset ownership or leasing terms.
Goodwill
Goodwill as a percentage of total assets dropped significantly over the period. Starting at a high of approximately 50.12% in early 2018, it declined to under 27% by mid-2023. This trend may indicate goodwill impairments, divestitures, or changes in acquisition accounting.
Intangible Assets, Net
Intangible assets displayed a consistent decline from over 10% in early 2018 to roughly 3.4% in 2023. The steady decrease points toward amortization or disposals, reducing the company's intangible asset base over time.
Deferred Commission Costs, Net
Deferred commission costs remained relatively stable, fluctuating slightly between 1.3% and 2.4%. There was a slight upward trend post-2020, rising from about 1.35% to around 1.87%, possibly reflecting increased sales activities or capitalized commission expenses.
Deposits and Other Assets
This item maintained a consistently low proportion, generally around 0.2% to 0.38%, with no apparent trend or significant variations.
Income Tax Receivable
The proportion of income tax receivable decreased significantly from about 0.42% in early 2018 to values near 0.02% in 2023, indicating reduced outstanding tax claims or settlements over time.
Long-Term Assets
Long-term assets as a percentage of total assets displayed a declining trend, dropping from approximately 66.66% in early 2018 to roughly 37.36% by mid-2023. This decrease correlates with the rise in current assets and appears connected to the reductions in goodwill and intangible assets, suggesting a shift in asset structure from long-term to short-term holdings.