Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

This company has been moved to the archive! The financial data has not been updated since July 26, 2023.

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

CoStar Group Inc., balance sheet: property, plant and equipment

US$ in thousands

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Leasehold improvements 108,901 75,634 80,963 73,918 65,332
Furniture, office equipment and vehicles 52,610 47,540 68,587 60,768 50,224
Computer hardware and software 43,830 30,179 86,755 80,947 74,742
Aircrafts 44,209 68,670 28,561 27,657 2,796
Land 52,227 38,774 24,642
Buildings 105,060 96,496 2,970
Property and equipment, gross 406,837 357,293 292,478 243,290 193,094
Accumulated depreciation and amortization (85,587) (85,862) (166,153) (135,761) (109,791)
Property and equipment, net 321,250 271,431 126,325 107,529 83,303

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).

Item Description The company
Property and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. CoStar Group Inc. property and equipment, gross increased from 2020 to 2021 and from 2021 to 2022.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. CoStar Group Inc. property and equipment, net increased from 2020 to 2021 and from 2021 to 2022.

Asset Age Ratios (Summary)

CoStar Group Inc., asset age ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Average age ratio 24.14% 26.96% 62.04% 55.80% 56.86%
Estimated total useful life (years) 12 11 9 9 7
Estimated age, time elapsed since purchase (years) 3 3 6 5 4
Estimated remaining life (years) 9 8 4 4 3

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).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. CoStar Group Inc. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. CoStar Group Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. CoStar Group Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.
Estimated remaining life CoStar Group Inc. estimated remaining life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.

Average Age

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization 85,587 85,862 166,153 135,761 109,791
Property and equipment, gross 406,837 357,293 292,478 243,290 193,094
Land 52,227 38,774 24,642
Asset Age Ratio
Average age1 24.14% 26.96% 62.04% 55.80% 56.86%

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).

2022 Calculations

1 Average age = 100 × Accumulated depreciation and amortization ÷ (Property and equipment, gross – Land)
= 100 × 85,587 ÷ (406,83752,227) = 24.14%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. CoStar Group Inc. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.

Estimated Total Useful Life

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Property and equipment, gross 406,837 357,293 292,478 243,290 193,094
Land 52,227 38,774 24,642
Depreciation expense for property and equipment 29,100 29,000 28,800 26,000 26,000
Asset Age Ratio (Years)
Estimated total useful life1 12 11 9 9 7

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).

2022 Calculations

1 Estimated total useful life = (Property and equipment, gross – Land) ÷ Depreciation expense for property and equipment
= (406,83752,227) ÷ 29,100 = 12

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. CoStar Group Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization 85,587 85,862 166,153 135,761 109,791
Depreciation expense for property and equipment 29,100 29,000 28,800 26,000 26,000
Asset Age Ratio (Years)
Time elapsed since purchase1 3 3 6 5 4

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).

2022 Calculations

1 Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation expense for property and equipment
= 85,587 ÷ 29,100 = 3

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. CoStar Group Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.

Estimated Remaining Life

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Property and equipment, net 321,250 271,431 126,325 107,529 83,303
Land 52,227 38,774 24,642
Depreciation expense for property and equipment 29,100 29,000 28,800 26,000 26,000
Asset Age Ratio (Years)
Estimated remaining life1 9 8 4 4 3

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).

2022 Calculations

1 Estimated remaining life = (Property and equipment, net – Land) ÷ Depreciation expense for property and equipment
= (321,25052,227) ÷ 29,100 = 9

Asset age ratio Description The company
Estimated remaining life CoStar Group Inc. estimated remaining life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.