← COSTAR GROUP, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $85.1m | $122.7m | $238.3m | $315.0m | $227.1m | $292.6m | $369.5m | $374.7m | $138.7m | $7.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $7.0m | |
| Depreciation, Depletion and Amortization | $70.2m | $63.6m | $77.7m | $81.2m | $116.9m | $139.6m | $137.9m | $107.5m | $146.9m | $263.0m | |
| Amortization | $46.0m | $37.0m | $52.0m | $55.0m | $88.0m | $104.0m | $102.6m | $73.7m | $89.7m | $199.0m | |
| Amortization of Debt Issuance Costs | $3.0m | $2.0m | $1.0m | $900k | $1.7m | $2.3m | $2.4m | $2.4m | $2.8m | $2.0m | |
| Amortization of Debt Issuance Costs and Discounts | $3.2m | $2.3m | $876k | $876k | $1.7m | $2.3m | $2.4m | $2.4m | $2.8m | — | |
| Amortization of Intangible Assets | $22.7m | $17.7m | $30.9m | $34.0m | $62.5m | $74.8m | $73.6m | $42.2m | $44.3m | $118.0m | |
| Depreciation | $24.0m | $26.0m | $26.0m | $26.0m | $29.0m | $29.0m | $29.1m | $33.8m | $57.2m | $64.0m | |
| Other Depreciation and Amortization | $24.6m | $26.3m | $26.3m | $25.8m | $28.8m | $29.0m | $29.1m | $33.8m | — | — | |
| Deferred Income Tax Expense (Benefit) | $15.6m | ($2.9m) | $3.7m | $8.2m | ($11.5m) | $24.2m | ($31.2m) | ($37.2m) | ($50.1m) | $36.0m | |
| Deferred Other Tax Expense (Benefit) | $15.6m | ($2.9m) | $3.7m | $8.2m | ($11.5m) | $24.2m | ($31.2m) | ($37.2m) | ($50.1m) | $35.0m | |
| Share-based Payment Arrangement, Noncash Expense | $36.3m | $39.0m | $41.2m | $52.3m | $53.5m | $63.7m | $75.2m | $85.0m | $89.0m | $194.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $16.4m | $14.9m | $24.3m | $27.6m | $38.9m | $33.3m | $23.1m | $26.4m | $29.5m | $75.0m | |
| Share-based Payment Arrangement, Expense | $36.3m | $39.0m | $42.7m | $52.3m | $54.1m | $63.7m | $75.2m | $85.0m | $89.0m | $194.0m | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Impairment of Intangible Assets, Finite-lived | $23k | $0 | $0 | — | — | — | — | — | $0 | $0 | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | $1.5m | — | $700k | $700k | $700k | — | — | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | $7.4m | $5.7m | $6.5m | $11.0m | $25.2m | $10.9m | $18.3m | $35.0m | $36.4m | $32.0m | |
| Gain (Loss) on Extinguishment of Debt | — | ($3.8m) | $0 | $0 | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $51.6m | $42.4m | $45.7m | $76.0m | $43.9m | $111.4m | $117.0m | $126.6m | $71.4m | $23.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $27.4m | $19.0m | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | — | $22.0m | $17.0m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | $3.3m | $3.4m | $5.4m | ($7.1m) | ($8.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $16.0m | $17.5m | $27.8m | $5.0m | $36.1m | $29.6m | $46.4m | $66.6m | $30.2m | $28.0m | |
| Debt Securities, Realized Gain (Loss) | — | — | $0 | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $0 | $0 | $0 | $0 | $200k | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | — | — | $300k | $1.4m | $3.0m | ($700k) | ($6.0m) | |
| General and Administrative Expense | $123.3m | $146.1m | $156.7m | $178.7m | $299.7m | $256.7m | $338.7m | $381.5m | $439.1m | $549.0m | |
| Goodwill | $1.3b | $1.3b | $1.6b | $1.9b | $2.2b | $2.3b | $2.3b | $2.4b | $2.5b | $4.9b | |
| Operating Expenses | $518.9m | $571.0m | $648.3m | $746.9m | $1.1b | $1.2b | $1.3b | $1.7b | $2.2b | $2.6b | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $7.4m | $5.7m | $6.5m | $11.0m | $25.2m | $10.9m | $18.3m | $35.0m | $36.4m | $32.0m | |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | $6.0m | |
| Net Cash Provided by (Used in) Operating Activities | $195.9m | $234.7m | $335.5m | $457.8m | $486.1m | $469.7m | $478.6m | $489.5m | $392.6m | $430.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $18.8m | $24.5m | $29.6m | $46.2m | $48.3m | $123.8m | $35.2m | $117.5m | $579.0m | $307.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $10.4m | $47.8m | $418.4m | $437.6m | $426.1m | $193.0m | $6.3m | $99.6m | $276.7m | $2.3b | |
| Net Cash Provided by (Used in) Investing Activities | ($23.3m) | ($72.3m) | ($448.0m) | ($483.8m) | ($464.2m) | ($381.3m) | ($69.1m) | ($238.6m) | ($912.9m) | ($2.8b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | — | — | — | $1.7b | $0 | $0 | — | — | — | |
| Repayments of Long-term Debt | $20.0m | $345.0m | $0 | $0 | $745.0m | $0 | $2.2m | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | $0 | $833.9m | $0 | $0 | $1.7b | $0 | $745.7m | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $500.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($1.7m) | ($1.6m) | ($411k) | $0 | ($700k) | — | ($8.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($25.9m) | $480.4m | $2.7m | ($4.2m) | $2.7b | ($15.7m) | $734.0m | ($3.7m) | ($13.7m) | ($559.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.4m | ($1.2m) | $442k | $941k | ($1.5m) | ($2.7m) | $700k | ($900k) | ($3.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $1.4m | ($1.2m) | ($29.7m) | $2.7b | $71.2m | $1.1b | $247.9m | ($534.9m) | ($2.9b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.4m | ($1.2m) | $1.1b | $3.8b | $3.8b | $5.0b | $5.2b | $4.7b | $1.7b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $6.7m | $6.4m | $1.4m | $2.0m | $5.9m | $31.5m | $29.9m | $30.7m | $31.0m | $30.0m | |
| Income Taxes Paid, Net | $34.1m | $41.3m | $36.0m | $68.9m | $45.8m | $82.1m | $169.2m | $163.2m | $99.8m | $73.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.