Costar Group (CSGP) FY2019 results: revenue $1.4 billion, up 17.4% on the year
Costar Group, Inc. (CSGP) reported revenue of $1.4 billion for fiscal 2019, the year ended 31 December 2019, up 17.4% on the year before. Net income was $315 million, up 32.2%, and diluted earnings per share $0.86. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$1.4 billion
+17.4% on the year
FY2012FY2019
Operating margin
26.0%
23.0% a year earlier
FY2012FY2019
Net income
$315 million
+32.2% on the year
FY2012FY2019
Diluted EPS
$0.86
+31.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,400
1,192
965
+17.4%
Cost of revenue
289
270
220
+7.2%
Gross profit
1,110
922
745
+20.5%
Gross margin
79.3%
77.4%
77.2%
Operating income
364
274
174
+32.9%
Operating margin
26.0%
23.0%
18.0%
Interest expense
2.6
2.8
9.0
-7.6%
Pre-tax income
391
284
165
+37.7%
Income tax
76.0
45.7
42.4
+66.3%
Effective tax rate
19.4%
16.1%
25.7%
Net income
315
238
123
+32.2%
Net margin
22.5%
20.0%
12.7%
Diluted EPS
$0.86
$0.65
$0.37
+31.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
458
335
235
+36.5%
Capital expenditure
46.2
29.6
24.5
+55.9%
Free cash flow
412
306
210
+34.6%
Free cash flow margin
29.4%
25.7%
21.8%
Cash from investing
-484
-448
-72.3
Cash from financing
-4.2
2.7
480
Depreciation and amortisation
81.2
77.7
63.6
+4.4%
Share-based compensation
52.3
41.2
39.0
+26.8%
Diluted shares, weighted
366m
364m
336m
+0.5%
Shares outstanding at period end
367m
364m
326m
+0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,406
3,022
2,651
+12.7%
Debt
134
4.0
0.0
+3,243.0%
Operating lease liabilities
120
n/a
n/a
Other liabilities
195
287
222
-32.2%
Total liabilities and equity
3,854
3,313
2,873
+16.3%
Fixed assets
108
83.3
84.5
+29.1%
Goodwill
1,882
1,612
1,283
+16.8%
Intangible assets
421
289
183
+45.8%
Investments
10.1
10.1
10.1
0.0%
Cash and equivalents
1,071
1,100
1,211
-2.7%
Receivables
92.2
89.2
60.9
+3.4%
Other assets
270
130
40.2
+108.6%
Total assets
3,854
3,313
2,873
+16.3%
10-K for the year ended 31 December 2019, filed 26 February 2020: the filing.