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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- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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CoStar Group Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
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
- Cash and cash equivalents show a general upward trend from March 31, 2018, through June 30, 2023. The figure increased steadily with notable accelerations starting in March 2020 where the cash balance more than doubled from prior quarters, reaching over 5.2 billion by mid-2023. This indicates strong liquidity growth and potentially heightened cash reserves in response to changing market conditions or operational strategies.
- Accounts receivable, net
- The accounts receivable balance fluctuated moderately over the period but exhibited an overall increasing trend from approximately 69 million in early 2018 to over 181 million by mid-2023. There was a significant increase noticeable around 2023, which might reflect increasing sales activity or longer collection periods.
- Income tax receivable
- Income tax receivable data is largely missing before 2022, except for a notable spike reported as 9.3 million in multiple 2022 quarters. The inconsistency and lack of data prior to this suggest either changes in tax accounting or reporting standards during the timeline.
- Prepaid expenses and other current assets
- This category generally increased over time, starting from around 31.7 million in early 2018 and moving up to a high near 75 million in mid-2022 before slightly declining toward mid-2023. This rise suggests increasing advance payments or operational expenses recognized upfront, which could be associated with business growth.
- Current assets
- Current assets closely followed the trends observed in cash and prepaid expenses, growing steadily from just over 1 billion in early 2018 to a peak exceeding 5.4 billion by mid-2023. The sharp increase beginning 2020 aligns with the surge in cash and suggests a strengthening short-term financial position.
- Long-term investments
- Long-term investments remained constant at approximately 10 million throughout the period until data stops reporting this item, indicating no significant changes or additional investments in this area.
- Deferred income taxes, net
- Deferred income taxes showed variability, generally decreasing from about 4.6 million to under 2 million through 2021, before increasing again in 2022 to approximately 9.7 million. This volatility could be linked to changes in tax liabilities or deferred tax asset recognition.
- Property and equipment, net
- The net value of property and equipment increased substantially particularly after 2020. From a roughly stable range around 80-130 million prior to 2020, the assets rose sharply to exceed 359 million by mid-2023, indicating significant capital expenditure and asset acquisition activities during recent years.
- Lease right-of-use assets
- Lease right-of-use assets began appearing in late 2018 with values near 112 million and showcased a gradual decline to around 80 million by the end of 2022 and a slight rebound thereafter. This pattern might reflect lease terminations, renegotiations, or asset disposals over time.
- Goodwill
- Goodwill remained relatively stable, fluctuating between 1.55 billion and 2.32 billion. A notable increase was observed in late 2019 and again in 2020, remaining steady thereafter. This suggests acquisitions or adjustments to goodwill values impacting reported intangible goodwill assets.
- Intangible assets, net
- Intangible assets displayed a declining trend from approximately 314 million in early 2018 to about 295 million by mid-2023. Peaks were observed during 2019 and 2020, but the overall trajectory is downward, possibly reflecting amortization or impairment of intangible assets over this period.
- Deferred commission costs, net
- Deferred commission costs increased steadily from around 75 million in early 2018 to over 162 million by mid-2023. This continuous growth suggests rising investments in customer acquisition or contractual commissions being deferred and amortized over time.
- Deposits and other assets
- This category remained relatively stable with minor fluctuations, generally hovering between 7 million and 22 million without a clear trend upward or downward, indicating stable deposit activities and miscellaneous asset balances.
- Income tax receivable (duplicate line)
- Another income tax receivable line shows some declines from about 13 million early in the period to around 2 million after 2021, with fluctuations. The relevance and distinction from the previously mentioned income tax receivable line is uncertain, but it highlights some tax asset movements during the timeline.
- Long-term assets
- Long-term assets showed a moderate growth from about 2.1 billion in early 2018 to slightly over 3.2 billion by mid-2023. Despite some fluctuations, the trend indicates overall asset base expansion related to long-term investments and fixed assets.
- Total assets
- Total assets exhibited steady growth from around 3.1 billion in March 2018 to well over 8.6 billion by mid-2023. Noteworthy accelerations occurred beginning 2020, driven largely by increases in cash, receivables, property, and equipment, signaling a strong expansion phase and asset accumulation over the analyzed period.