Costar Group (CSGP) FY2018 results: revenue $1.2 billion, up 23.5% on the year
Costar Group, Inc. (CSGP) reported revenue of $1.2 billion for fiscal 2018, the year ended 31 December 2018, up 23.5% on the year before. Net income was $238 million, up 94.2%, and diluted earnings per share $0.65. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.2 billion
+23.5% on the year
FY2011FY2018
Operating margin
23.0%
18.0% a year earlier
FY2011FY2018
Net income
$238 million
+94.2% on the year
FY2011FY2018
Diluted EPS
$0.65
+78.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,192
965
838
+23.5%
Cost of revenue
270
220
174
+22.5%
Gross profit
922
745
664
+23.8%
Gross margin
77.4%
77.2%
79.2%
Operating income
274
174
145
+57.4%
Operating margin
23.0%
18.0%
17.3%
Interest expense
2.8
9.0
10.0
-68.6%
Pre-tax income
284
165
137
+72.1%
Income tax
45.7
42.4
51.6
+7.8%
Effective tax rate
16.1%
25.7%
37.8%
Net income
238
123
85.1
+94.2%
Net margin
20.0%
12.7%
10.2%
Diluted EPS
$0.65
$0.37
$0.26
+78.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
335
235
201
+42.9%
Capital expenditure
29.6
24.5
18.8
+21.0%
Free cash flow
306
210
182
+45.5%
Free cash flow margin
25.7%
21.8%
21.7%
Cash from investing
-448
-72.3
-23.3
Cash from financing
2.7
480
-30.6
-99.4%
Depreciation and amortisation
77.7
63.6
70.2
+22.2%
Share-based compensation
41.2
39.0
36.3
+5.6%
Diluted shares, weighted
364m
336m
324m
+8.6%
Shares outstanding at period end
364m
326m
326m
+11.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,022
2,651
1,654
+14.0%
Debt
4.0
0.0
338
Other liabilities
287
222
193
+29.2%
Total liabilities and equity
3,313
2,873
2,185
+15.3%
Fixed assets
83.3
84.5
87.6
-1.4%
Goodwill
1,612
1,283
1,255
+25.6%
Intangible assets
289
183
196
+58.0%
Investments
10.1
10.1
10.0
0.0%
Cash and equivalents
1,100
1,211
567
-9.2%
Receivables
89.2
60.9
48.5
+46.5%
Other assets
130
40.2
21.0
+222.5%
Total assets
3,313
2,873
2,185
+15.3%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.