Balance Sheet: Assets

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.

CoStar Group Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	4,967,970)	3,827,126)	3,755,912)	1,070,731)	1,100,416)
Accounts receivable, net	153,945)	124,817)	103,949)	92,240)	89,192)
Prepaid expenses and other current assets	63,952)	36,182)	28,651)	36,194)	23,690)
Current assets	5,185,867)	3,988,125)	3,888,512)	1,199,165)	1,213,298)
Long-term investments	—)	—)	—)	10,070)	10,070)
Deferred income taxes, net	9,722)	5,034)	4,983)	5,408)	7,469)
Lease right-of-use assets	80,392)	100,680)	108,740)	115,084)	—)
Property and equipment, net	321,250)	271,431)	126,325)	107,529)	83,303)
Goodwill	2,314,759)	2,321,015)	2,235,999)	1,882,020)	1,611,535)
Intangible assets, net	329,306)	435,662)	426,745)	421,196)	288,911)
Deferred commission costs, net	142,482)	101,879)	93,274)	89,374)	76,031)
Deposits and other assets	16,687)	21,762)	15,856)	9,232)	7,432)
Income tax receivable	2,005)	11,283)	14,986)	14,908)	14,908)
Long-term assets	3,216,603)	3,268,746)	3,026,908)	2,654,821)	2,099,659)
Total assets	8,402,470)	7,256,871)	6,915,420)	3,853,986)	3,312,957)

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 data reveals several notable trends and changes over the five-year period ending December 31, 2022.

Cash and Cash Equivalents: There was a substantial increase in cash and cash equivalents from 2018 through 2022. The amount rose from $1.1 billion in 2018 to nearly $5.0 billion in 2022, indicating significant growth in liquidity.
Accounts Receivable, Net: Accounts receivable showed a steady increase year over year, growing from approximately $89 million in 2018 to around $154 million in 2022. This suggests rising sales or services rendered on credit.
Prepaid Expenses and Other Current Assets: This category fluctuated, initially increasing from about $24 million in 2018 to roughly $36 million in 2019, declining in 2020, then increasing again to nearly $64 million in 2022. The increase in 2022 may indicate higher advance payments or other current asset growth.
Current Assets: Current assets mirrored the trend in cash and other items, rising sharply from approximately $1.2 billion in 2018 to over $5.1 billion in 2022, reflecting enhanced short-term asset holdings.
Long-term Investments: The data shows constant values until 2019 with no data for subsequent years, indicating either disposal or classification changes of such investments after 2019.
Deferred Income Taxes, Net: Deferred income taxes decreased between 2018 and 2020 but increased notably to about $9.7 million by 2022, possibly reflecting changes in tax strategies or asset valuations.
Lease Right-of-Use Assets: Lease right-of-use assets were recognized starting in 2019, with values declining steadily from $115 million to around $80 million in 2022. This decreasing trend may indicate lease expirations or asset impairments.
Property and Equipment, Net: This asset category showed consistent growth over the period, rising from $83 million in 2018 to $321 million in 2022, indicating ongoing investment in physical assets.
Goodwill: Goodwill increased each year until 2021, peaking at approximately $2.32 billion, followed by a slight decline in 2022. The growth reflects acquisitions or business expansions while the slight decrease may suggest impairment or divestitures.
Intangible Assets, Net: Intangible assets rose from $289 million in 2018 to $436 million in 2021, then declined sharply to about $329 million in 2022, possibly due to amortization or impairment losses.
Deferred Commission Costs, Net: These costs increased consistently, from $76 million in 2018 to $142 million in 2022, indicating heightened capitalized commission expenditures.
Deposits and Other Assets: Deposits and other assets grew from $7.4 million to $21.8 million by 2021, with a slight decline to $16.7 million in 2022, showing relative stability with minor fluctuations.
Income Tax Receivable: Income tax receivable declined sharply over the period, from about $15 million in 2018 to barely $2 million in 2022, pointing to reduced tax overpayments or improved tax settlements.
Long-term Assets: Long-term assets increased steadily from $2.1 billion in 2018 to a peak of approximately $3.27 billion in 2021, followed by a slight decrease in 2022, indicating overall growth in long-term holdings.
Total Assets: Total assets nearly tripled, increasing from about $3.3 billion in 2018 to $8.4 billion in 2022, reflecting considerable asset growth and expansion.

Assets: Selected Items

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Current Assets: Selected Items

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CoStar Group Inc. (NASDAQ:CSGP)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items