Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

CoStar Group Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenues	2,182,399)	1,944,135)	1,659,019)	1,399,719)	1,191,832)
Cost of revenues	(414,008)	(357,241)	(308,968)	(289,239)	(269,933)
Gross profit	1,768,391)	1,586,894)	1,350,051)	1,110,480)	921,899)
Selling and marketing, excluding customer base amortization	(684,222)	(622,007)	(535,778)	(408,596)	(359,858)
Software development	(220,923)	(201,022)	(162,916)	(125,602)	(100,937)
General and administrative	(338,737)	(256,711)	(299,698)	(178,740)	(156,659)
Customer base amortization	(73,560)	(74,817)	(62,457)	(33,995)	(30,881)
Operating expenses	(1,317,442)	(1,154,557)	(1,060,849)	(746,933)	(648,335)
Income from operations	450,949)	432,337)	289,202)	363,547)	273,564)
Interest income	64,450)	695)	4,399)	19,357)	13,369)
Interest on outstanding borrowings	(28,000)	(28,000)	(18,509)	—)	—)
Amortization of Senior Notes discount and issuance costs	(2,365)	(2,327)	(1,658)	(874)	(950)
Commitment fees and other	(1,960)	(1,989)	(1,627)	(1,741)	(1,880)
Interest expense	(32,325)	(32,316)	(21,794)	(2,615)	(2,830)
Interest income (expense), net	32,125)	(31,621)	(17,395)	16,742)	10,539)
Other income (expense), net	3,383)	3,252)	(827)	10,660)	(88)
Income before income taxes	486,457)	403,968)	270,980)	390,949)	284,015)
Income tax expense	(117,004)	(111,404)	(43,852)	(75,986)	(45,681)
Net income	369,453)	292,564)	227,128)	314,963)	238,334)

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).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	CoStar Group Inc. revenues increased from 2020 to 2021 and from 2021 to 2022.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	CoStar Group Inc. income from operations increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	CoStar Group Inc. income before income taxes increased from 2020 to 2021 and from 2021 to 2022.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	CoStar Group Inc. net income increased from 2020 to 2021 and from 2021 to 2022.

CoStar Group Inc. (NASDAQ:CSGP)

Income Statement