Costar Group (CSGP) FY2017 results: revenue $965 million, up 15.2% on the year
Costar Group, Inc. (CSGP) reported revenue of $965 million for fiscal 2017, the year ended 31 December 2017, up 15.2% on the year before. Net income was $123 million, up 44.2%, and diluted earnings per share $0.37. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$965 million
+15.2% on the year
FY2010FY2017
Operating margin
18.0%
17.3% a year earlier
FY2010FY2017
Net income
$123 million
+44.2% on the year
FY2010FY2017
Diluted EPS
$0.37
+39.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
965
838
712
+15.2%
Cost of revenue
220
174
189
+26.8%
Gross profit
745
664
523
+12.2%
Gross margin
77.2%
79.2%
73.5%
Operating income
174
145
11.5
+20.0%
Operating margin
18.0%
17.3%
1.6%
Interest expense
9.0
10.0
9.4
-10.0%
Pre-tax income
165
137
90.0
+20.8%
Income tax
42.4
51.6
6.0
-17.9%
Effective tax rate
25.7%
37.8%
6.7%
Net income
123
85.1
-3.5
+44.2%
Net margin
12.7%
10.2%
-0.5%
Diluted EPS
$0.37
$0.26
-$0.01
+39.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
235
201
140
+17.0%
Capital expenditure
24.5
18.8
35.1
+30.5%
Free cash flow
210
182
105
+15.6%
Free cash flow margin
21.8%
21.7%
14.7%
Cash from investing
-72.3
-23.3
-216
Cash from financing
480
-30.6
-29.0
Depreciation and amortisation
63.6
70.2
78.5
-9.3%
Share-based compensation
39.0
36.3
34.5
+7.4%
Diluted shares, weighted
336m
324m
320m
+3.5%
Shares outstanding at period end
326m
326m
325m
0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,651
1,654
1,544
+60.3%
Debt
0.0
338
355
Other liabilities
222
193
181
+15.4%
Total liabilities and equity
2,873
2,185
2,080
+31.5%
Fixed assets
84.5
87.6
88.3
-3.5%
Goodwill
1,283
1,255
1,253
+2.3%
Intangible assets
183
196
238
-6.7%
Investments
10.1
10.0
15.5
+1.2%
Cash and equivalents
1,211
567
422
+113.6%
Receivables
60.9
48.5
40.3
+25.5%
Other assets
40.2
21.0
22.4
+91.7%
Total assets
2,873
2,185
2,080
+31.5%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.