CoStar Group Inc. (NASDAQ:CSGP)

The annual financial data reflects a notable trend in the company's assets over the reported periods.

Current assets

Current assets experienced a substantial increase starting from December 31, 2020. Initially, there was a slight decrease from 1,213,298 thousand US$ at the end of 2018 to 1,199,165 thousand US$ in 2019. However, a marked growth followed, with assets rising to 3,888,512 thousand US$ in 2020 and continuing upward to 3,988,125 thousand US$ in 2021. This upward trajectory culminated in a further increase to 5,185,867 thousand US$ by the end of 2022.

Adjusted current assets

The adjusted current assets show a parallel trend to the current assets, with slightly higher values at each corresponding date. Beginning at 1,219,007 thousand US$ in 2018, the adjusted values modestly increased to 1,204,262 thousand US$ in 2019, followed by a sharp rise to 3,903,622 thousand US$ in 2020. This positive momentum extended through 2021, reaching 4,001,499 thousand US$, and further expanding to 5,198,062 thousand US$ in 2022. The adjusted figures consistently mirror the increases observed in the unadjusted current assets, suggesting stability and reliability in asset valuation adjustments over time.

Overall, the data reveals a strong growth pattern in both current and adjusted current assets beginning in 2020, indicating an expanding asset base which may translate to enhanced liquidity and operational capacity. No significant volatility is evident within the adjusted figures compared to the current assets, underscoring consistency in reporting standards.

The financial data demonstrates a consistent upward trend in both total assets and adjusted total assets over the five-year period presented. The total assets increased significantly from approximately US$3.31 billion at the end of 2018 to about US$8.40 billion by the end of 2022. This represents a cumulative growth trajectory with notable expansions between 2019 and 2020, followed by continued but more moderate increases in the subsequent years.

The adjusted total assets follow a similar pattern, starting at roughly US$3.48 billion in 2018 and rising steadily to approximately US$8.40 billion by 2022. The close alignment of adjusted total assets to total assets throughout the timeframe suggests that the adjustments made are relatively minor, indicating consistent asset revaluation or accounting practices that do not significantly diverge from the reported book values.

Total Assets

Steady increase year-over-year, with the most considerable growth between 2019 and 2020, reflecting substantial asset accumulation or acquisition during that period.

Growth continues through 2021 and 2022 but at a less accelerated rate, indicating sustained but stabilized asset expansion.

Adjusted Total Assets

Mirrors the trend of total assets closely, corroborating the reliability of total asset reporting.

The minimal variance between adjusted and total assets suggests conservative adjustments or stable asset valuations.

Overall, the data reflects strong asset growth and expanding financial capacity over the five years analyzed. The consistent rises in asset figures indicate effective asset management and possibly a strategic focus on growth through investments or acquisitions. The close resemblance between total and adjusted asset values further implies transparent and consistent asset accounting methodologies.

The financial data reveals a consistent upward trajectory in both current liabilities and adjusted current liabilities over the five-year period from 2018 to 2022.

Current Liabilities

The value of current liabilities increased substantially, starting at 154,159 thousand US dollars in 2018 and rising steadily each year to reach 372,615 thousand US dollars by the end of 2022. This represents more than a doubling over the five-year period, indicating a significant increase in short-term obligations.

Adjusted Current Liabilities

Adjusted current liabilities also show a notable increase, from 102,700 thousand US dollars in 2018 to 269,048 thousand US dollars in 2022. The growth while consistent, appears somewhat less volatile compared to the unadjusted current liabilities, with a steadier increase each year. There was a particularly notable increase from 2019 to 2020, where the adjusted figure rose by over 80,000 thousand US dollars.

Overall, the trend in both metrics suggests increasing short-term financial commitments. The considerable rise between 2019 and 2020 in both current and adjusted liabilities might suggest expansion or increased operational needs. However, the continuing growth through 2022 could imply sustained or growing obligations that may impact liquidity and require careful management.

The financial data reveals notable trends in the liabilities of the company over the five-year period ending December 31, 2022.

Total liabilities

From 2018 to 2019, total liabilities increased significantly from approximately $291 million to $448 million. This marked growth continued sharply into 2020, where total liabilities more than tripled to about $1.54 billion. Between 2020 and 2021, total liabilities remained relatively stable, with a slight increase to $1.55 billion, followed by a minor decrease in 2022 to approximately $1.53 billion. Overall, the data indicates a substantial rise in total liabilities between 2018 and 2020, after which the figures plateaued near the $1.5 billion mark.

Adjusted total liabilities

The adjusted total liabilities show a somewhat different pattern. These liabilities decreased from about $339 million in 2018 to approximately $291 million in 2019. This was followed by a substantial increase in 2020, reaching nearly $1.39 billion. Similar to the trend in total liabilities, adjusted total liabilities slightly decreased to about $1.35 billion in 2021 but then edged up marginally to $1.35 billion again in 2022. The adjusted figures also demonstrate a pronounced increase in 2020, stabilizing thereafter around the mid-$1.3 billion range.

Overall, both total and adjusted liabilities experienced a significant upward shift during the 2019–2020 period, suggesting a substantial increase in financial obligations. After this steep rise, the liabilities stabilized, fluctuating within a relatively narrow range in subsequent years. The consistency in the later years implies that the company may have achieved a new level of leverage or funding structure that remained steady through 2021 and 2022.

Stockholders’ Equity

The stockholders' equity exhibited a consistent upward trend over the five-year period. Beginning at approximately 3.0 billion US dollars in 2018, it increased to about 3.4 billion in 2019, followed by a significant rise to over 5.3 billion in 2020. This upward momentum continued with equity reaching around 5.7 billion in 2021 and further ascending to nearly 6.9 billion in 2022. This pattern indicates sustained growth in the company's net assets attributable to shareholders.

Adjusted Stockholders’ Equity

Adjusted stockholders’ equity similarly demonstrated a steady increase throughout the examined years. Starting at approximately 3.1 billion US dollars in 2018, it rose to approximately 3.6 billion in 2019, and then experienced a considerable jump to about 5.5 billion in 2020. The growth trend persisted with adjusted equity reaching roughly 5.9 billion in 2021 and expanding further to approximately 7.1 billion in 2022. The adjusted figures consistently remained slightly above the unadjusted equity, reflecting possible adjustments for items such as unrealized gains or other comprehensive income components.

Overall Analysis

Both stockholders' equity and adjusted stockholders' equity exhibit strong and continuous growth over the five-year period. The substantial increases especially noted between 2019 and 2020 suggest significant value creation or capital increase events during that time. The alignment in the growth trends of both metrics indicates consistency in underlying equity valuation and adjustments applied. This trend highlights the company’s strengthening financial position and potentially increasing shareholder value over time.

The financial data over the observed periods reveals several notable trends in the capital structure and debt levels.

Total Reported Debt

Data for this metric is not available for the years 2018 and 2019. From 2020 to 2022, total reported debt remains relatively stable, with amounts just below 1 billion US dollars each year, specifically ranging from approximately 986 million to 989 million US dollars. This stability suggests no significant new debt issuance or repayment activity affecting the gross debt level during these years.

Stockholders’ Equity

Stockholders’ equity shows a consistent upward trajectory across all reported years. It increased from about 3.02 billion US dollars in 2018 to 6.87 billion US dollars by the end of 2022. This growth exceeds a doubling in value over the five-year span, indicating strong equity expansion possibly due to retained earnings, additional equity infusions, or valuation adjustments.

Total Reported Capital

Total reported capital, which represents the sum of stockholders' equity and total reported debt, likewise shows robust growth from 3.02 billion US dollars in 2018 to approximately 7.86 billion US dollars in 2022. The considerable growth in total capital is primarily driven by the substantial increase in equity, while debt levels remained nearly flat from 2020 onward.

Adjusted Total Debt

This metric fluctuates with a peak in 2020 at roughly 1.12 billion US dollars, followed by a slight decline in the subsequent years, ending at around 1.10 billion US dollars in 2022. While total reported debt remained stable, adjusted total debt demonstrates a more variable pattern, which may reflect changes in the classification or recognition of certain liabilities.

Adjusted Stockholders’ Equity

Adjusted stockholders’ equity follows a similar rising trend as reported equity, growing steadily from about 3.14 billion US dollars in 2018 to 7.05 billion US dollars in 2022. The adjustment factor appears to increase the equity base slightly relative to the reported figures, reaffirming a strengthening financial position over time.

Adjusted Total Capital

Adjusted total capital shows consistent growth, moving from roughly 3.31 billion US dollars in 2018 to over 8.15 billion US dollars in 2022. This rise mirrors the increase in adjusted equity and reflects the combined effect of the variable adjusted debt and growing equity levels.

Overall, the data indicates a pronounced strengthening of the company’s equity base and total capital, against a relatively stable debt backdrop. The growth in equity and capital suggests an increasing capacity for funding growth or absorbing potential losses, while the steady debt level may point to a conservative approach to leverage or controlled borrowing activities in recent years. The differences between reported and adjusted figures highlight that the adjusted financial metrics may provide a broader view of the company’s net financial obligations and equity worth.

The financial data reveals a consistent upward trend in both revenues and adjusted revenues over the five-year period from 2018 to 2022.

Revenues

Revenues have steadily increased each year, starting at approximately $1,191,832 thousand in 2018 and reaching $2,182,399 thousand by 2022. This reflects a compounded growth trajectory, with notable year-on-year increases. The growth rate appears to accelerate in the latter years, indicating a strong expansion in the company's top-line performance.

Adjusted Revenues

Adjusted revenues follow a similar upward pattern, beginning at approximately $1,199,321 thousand in 2018 and rising to $2,189,457 thousand in 2022. The adjusted revenues consistently exceed the reported revenues slightly each year, suggesting adjustments such as normalization for non-recurring items or other accounting considerations that have a modest positive effect on revenue figures.

Overall, the data demonstrates a robust revenue growth trend with both reported and adjusted numbers showing consistent increases annually, indicating improving sales performance and potential business expansion across the analyzed periods.

Net Income

The net income exhibited a fluctuating pattern over the observed five-year period. Initially, there was a noticeable increase from 2018 to 2019, with net income rising by approximately 32%. However, this was followed by a significant decline in 2020, where net income decreased by roughly 28% compared to the previous year. The trend reversed in 2021, showing strong recovery with net income increasing by nearly 29%. The upward trend continued into 2022, with net income reaching its highest level in the period, indicating robust profitability.

Adjusted Net Income

Adjusted net income generally mirrored the trend observed in net income but displayed less volatility. From 2018 to 2019, adjusted net income grew substantially by about 40%, surpassing the growth rate of net income. In 2020, a decline was observed, similar to net income, though the decrease was less pronounced. The adjusted net income rebounded strongly in 2021, growing by approximately 37%, and then slightly declined in 2022 by around 3%, indicating a mild contraction after the previous year’s peak. Overall, adjusted net income maintained a relatively higher baseline compared to net income throughout the period.

Overall Financial Trends

The financial results reveal a company experiencing periods of both growth and contraction. While net income displayed volatility with a significant dip in 2020 and recovery thereafter, adjusted net income showed greater stability with milder fluctuations. The data suggests effective management of non-recurring items or adjustments reflected in the adjusted net income figures, which smoothed out the earnings trends over the years. The highest profitability for both metrics was achieved in the latter part of the period, indicating improved financial performance despite some inconsistencies. The minor decrease in adjusted net income in the final year could warrant closer examination for emerging challenges or shifts in operational efficiencies.