Name: CoStar Group Inc. (NASDAQ:CSGP) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Download chart

CoStar Group Inc., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income	369,453)	292,564)	227,128)	314,963)	238,334)
Foreign currency translation adjustment	(23,317)	(4,869)	6,966)	3,103)	(2,668)
Unrealized gain (loss) on investments	—)	—)	189)	—)	—)
Reclassification adjustment for realized (gain) loss on investments included in net income	—)	—)	541)	—)	—)
Other comprehensive income (loss), net of tax	(23,317)	(4,869)	7,696)	3,103)	(2,668)
Comprehensive income	346,136)	287,695)	234,824)	318,066)	235,666)

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).

The financial performance from 2018 to 2022 is characterized by an overall growth in profitability, though results were subject to periodic fluctuations and significant volatility in non-operating comprehensive income components.

Net Income Trends: Net income exhibited a general upward trajectory, increasing from 238,334 thousand US dollars in 2018 to a peak of 369,453 thousand US dollars in 2022. A temporary contraction was observed in 2020, where net income declined to 227,128 thousand US dollars. Following this dip, a strong recovery occurred, with profitability accelerating through 2021 and 2022.
Other Comprehensive Income (OCI) and Currency Volatility: Other comprehensive income was primarily influenced by foreign currency translation adjustments, which demonstrated high variability. Positive adjustments were recorded in 2019 and 2020, peaking at 7,696 thousand US dollars in 2020. However, a significant reversal occurred in the subsequent years, resulting in a substantial loss of 23,317 thousand US dollars by the end of 2022. Minor impacts from unrealized gains and reclassification adjustments on investments were noted exclusively in 2020.
Comprehensive Income Analysis: Comprehensive income followed the general trend of net income but was modulated by the volatility of OCI. While comprehensive income grew from 235,666 thousand US dollars in 2018 to 346,136 thousand US dollars in 2022, the gap between net income and comprehensive income widened significantly in the final year. The substantial foreign currency translation loss in 2022 served as a primary offset, reducing the overall comprehensive gain relative to the reported net income.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?