Name: CoStar Group Inc. (NASDAQ:CSGP) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

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Current Assets: Selected Items

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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).

Total assets experienced significant expansion over the five-year period, growing from US$ 3.31 billion in 2018 to US$ 8.40 billion by the end of 2022. This growth is primarily driven by a substantial increase in current assets and a steady rise in long-term asset valuations.

Liquidity and Current Assets: A sharp increase in liquidity is evident, with cash and cash equivalents rising from US$ 1.10 billion in 2018 to US$ 4.97 billion in 2022. The most significant acceleration occurred between 2019 and 2020, where cash reserves more than tripled. This trend directly correlates with the growth in total current assets, which expanded from US$ 1.21 billion to US$ 5.19 billion over the analyzed period.
Intangible Assets and Goodwill: Goodwill increased from US$ 1.61 billion in 2018 to a peak of US$ 2.32 billion in 2021, before stabilizing at US$ 2.31 billion in 2022. Net intangible assets followed a growth trajectory until 2021, reaching US$ 435.66 million, followed by a decline to US$ 329.31 million in 2022. These patterns suggest a period of inorganic growth through acquisitions followed by subsequent amortization or impairment.
Capital Investments and Operational Assets: Property and equipment, net, showed accelerated growth in the latter half of the period, increasing from US$ 83.30 million in 2018 to US$ 321.25 million in 2022, with a notable increase beginning in 2021. Additionally, deferred commission costs, net, grew consistently from US$ 76.03 million in 2018 to US$ 142.48 million in 2022, indicating an increase in capitalized customer acquisition costs.
Working Capital Components: Accounts receivable, net, exhibited a steady upward trend, growing from US$ 89.19 million in 2018 to US$ 153.95 million in 2022. Conversely, income tax receivables saw a sharp decline toward the end of the period, falling to US$ 2.01 million in 2022 from a peak of US$ 14.99 million in 2020.

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