Name: CoStar Group Inc. (NASDAQ:CSGP) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in thousands

	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	5,205,295)	5,055,646)	4,967,970)	4,774,465)	3,964,116)	3,929,097)	3,827,126)	3,761,587)	3,674,909)	3,690,296)	3,755,912)	3,867,805)	3,548,405)	1,927,923)	1,070,731)	1,389,619)	1,297,812)	1,232,817)	1,100,416)	1,071,786)	966,278)	931,429)
Accounts receivable, net	181,213)	181,758)	153,945)	147,770)	152,173)	134,978)	124,817)	115,651)	108,269)	109,798)	103,949)	105,014)	113,667)	112,248)	92,240)	91,325)	95,583)	92,841)	89,192)	82,279)	69,984)	68,914)
Income tax receivable	—)	—)	—)	9,278)	9,278)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Prepaid expenses and other current assets	58,376)	60,232)	63,952)	75,074)	55,194)	36,183)	36,182)	37,599)	34,753)	22,233)	28,651)	34,414)	28,576)	30,219)	36,194)	23,778)	20,367)	20,713)	23,690)	25,203)	39,723)	31,661)
Current assets	5,444,884)	5,297,636)	5,185,867)	5,006,587)	4,180,761)	4,100,258)	3,988,125)	3,914,837)	3,817,931)	3,822,327)	3,888,512)	4,007,233)	3,690,648)	2,070,390)	1,199,165)	1,504,722)	1,413,762)	1,346,371)	1,213,298)	1,179,268)	1,075,985)	1,032,004)
Long-term investments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	10,070)	10,070)	10,070)	10,070)	10,070)	10,070)	10,070)	10,070)
Deferred income taxes, net	9,724)	9,722)	9,722)	5,032)	5,034)	5,035)	5,034)	1,975)	3,034)	3,633)	4,983)	3,891)	4,372)	4,762)	5,408)	4,426)	5,670)	6,451)	7,469)	2,679)	4,046)	4,579)
Property and equipment, net	359,455)	330,836)	321,250)	306,319)	298,361)	283,718)	271,431)	238,866)	239,125)	239,480)	126,325)	127,280)	104,316)	106,409)	107,529)	107,989)	84,518)	85,978)	83,303)	81,937)	84,648)	83,401)
Lease right-of-use assets	79,491)	76,174)	80,392)	94,262)	98,495)	95,555)	100,680)	105,964)	119,290)	90,949)	108,740)	106,320)	112,641)	112,811)	115,084)	105,516)	111,004)	112,042)	—)	—)	—)	—)
Goodwill	2,321,205)	2,318,133)	2,314,759)	2,301,739)	2,314,176)	2,319,785)	2,321,015)	2,293,514)	2,294,452)	2,210,976)	2,235,999)	2,015,079)	2,009,117)	1,873,987)	1,882,020)	1,616,538)	1,617,853)	1,612,065)	1,611,535)	1,548,976)	1,549,517)	1,551,248)
Intangible assets, net	295,022)	312,420)	329,306)	343,232)	385,245)	409,326)	435,662)	447,900)	476,179)	450,341)	426,745)	414,608)	437,550)	400,689)	421,196)	259,444)	272,177)	275,750)	288,911)	285,958)	299,611)	313,861)
Deferred commission costs, net	162,391)	152,929)	142,482)	129,815)	119,778)	110,083)	101,879)	96,303)	94,387)	93,056)	93,274)	93,006)	91,712)	91,000)	89,374)	85,623)	83,874)	77,375)	76,031)	76,062)	76,159)	75,201)
Deposits and other assets	17,497)	17,057)	16,687)	16,872)	16,893)	22,399)	21,762)	16,971)	16,230)	16,223)	15,856)	15,102)	13,868)	9,743)	9,232)	6,155)	6,762)	7,274)	7,432)	7,394)	7,660)	11,755)
Income tax receivable	2,005)	2,005)	2,005)	2,005)	2,005)	11,283)	11,283)	14,986)	14,986)	14,986)	14,986)	14,806)	14,806)	14,806)	14,908)	14,908)	14,908)	14,908)	14,908)	14,878)	14,878)	12,981)
Long-term assets	3,246,790)	3,219,276)	3,216,603)	3,199,276)	3,239,987)	3,257,184)	3,268,746)	3,216,479)	3,257,683)	3,119,644)	3,026,908)	2,790,092)	2,788,382)	2,614,207)	2,654,821)	2,210,669)	2,206,836)	2,201,913)	2,099,659)	2,027,954)	2,046,589)	2,063,096)
Total assets	8,691,674)	8,516,912)	8,402,470)	8,205,863)	7,420,748)	7,357,442)	7,256,871)	7,131,316)	7,075,614)	6,941,971)	6,915,420)	6,797,325)	6,479,030)	4,684,597)	3,853,986)	3,715,391)	3,620,598)	3,548,284)	3,312,957)	3,207,222)	3,122,574)	3,095,100)

Total assets exhibited a consistent upward trajectory over the analyzed period, expanding from approximately $3.1 billion in March 2018 to $8.69 billion by June 2023. A significant acceleration in asset growth was observed between March 2020 and June 2020, where total assets increased by roughly $1.79 billion in a single quarter, marking a pivotal shift in the company's balance sheet scale.

Liquidity and Cash Position: Cash and cash equivalents served as the primary driver of total asset growth. Starting at $931.4 million in March 2018, this balance grew steadily until a sharp increase in early 2020, reaching $3.55 billion by June 2020. By June 2023, cash holdings further climbed to $5.21 billion, representing a substantial increase in the company's liquidity profile and overall current asset base.
Intangible Assets and Goodwill: Goodwill demonstrated a steady long-term increase, rising from $1.55 billion in March 2018 to $2.32 billion by June 2023, suggesting a pattern of strategic acquisitions. In contrast, net intangible assets showed more volatility; they peaked at $476.2 million in June 2021 before trending downward to $295.0 million by June 2023, likely reflecting the effects of amortization over time.
Fixed Assets and Infrastructure: Property and equipment, net, maintained a relatively stable range until March 2021, at which point a significant increase occurred, jumping from $126.3 million in December 2020 to $239.5 million. This upward trend continued through June 2023, ending at $359.5 million, indicating a period of intensified capital investment in physical infrastructure.
Operational Asset Trends: Deferred commission costs, net, showed a consistent and linear increase from $75.2 million in March 2018 to $162.4 million in June 2023, signaling growth in customer acquisition activities. Similarly, net accounts receivable grew from $68.9 million to $181.2 million over the same period, paralleling the general growth in business scale.
Lease and Other Assets: Lease right-of-use assets appeared on the balance sheet in March 2019 at $112.0 million. These assets remained relatively stable for several years before entering a gradual decline, ending the period at $79.5 million in June 2023. Other current assets, including prepaid expenses, showed intermittent fluctuations but generally increased from $31.7 million in early 2018 to $58.4 million by mid-2023.

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CoStar Group Inc. (NASDAQ:CSGP)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data