Costar Group (CSGP) FY2020 results: revenue $1.7 billion, up 18.5% on the year
Costar Group, Inc. (CSGP) reported revenue of $1.7 billion for fiscal 2020, the year ended 31 December 2020, up 18.5% on the year before. Net income was $227 million, down 27.9%, and diluted earnings per share $0.59. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$1.7 billion
+18.5% on the year
FY2013FY2020
Operating margin
17.4%
26.0% a year earlier
FY2013FY2020
Net income
$227 million
-27.9% on the year
FY2013FY2020
Diluted EPS
$0.59
-31.0% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,659
1,400
1,192
+18.5%
Cost of revenue
309
289
270
+6.8%
Gross profit
1,350
1,110
922
+21.6%
Gross margin
81.4%
79.3%
77.4%
Operating income
289
364
274
-20.4%
Operating margin
17.4%
26.0%
23.0%
Interest expense
21.8
2.6
2.8
+733.4%
Pre-tax income
271
391
284
-30.7%
Income tax
43.9
76.0
45.7
-42.3%
Effective tax rate
16.2%
19.4%
16.1%
Net income
227
315
238
-27.9%
Net margin
13.7%
22.5%
20.0%
Diluted EPS
$0.59
$0.86
$0.65
-31.0%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
486
458
335
+6.2%
Capital expenditure
48.3
46.2
29.6
+4.7%
Free cash flow
438
412
306
+6.4%
Free cash flow margin
26.4%
29.4%
25.7%
Cash from investing
-464
-484
-448
Cash from financing
2,662
-4.2
2.7
Depreciation and amortisation
117
81.2
77.7
+44.1%
Share-based compensation
53.5
52.3
41.2
+2.3%
Diluted shares, weighted
383m
366m
364m
+4.6%
Shares outstanding at period end
394m
367m
364m
+7.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,375
3,406
3,022
+57.8%
Debt
1,000
134
4.0
+647.8%
Operating lease liabilities
105
120
n/a
-12.3%
Other liabilities
435
195
287
+123.5%
Total liabilities and equity
6,915
3,854
3,313
+79.4%
Fixed assets
126
108
83.3
+17.5%
Goodwill
2,236
1,882
1,612
+18.8%
Intangible assets
427
421
289
+1.3%
Investments
0.0
10.1
10.1
Cash and equivalents
3,694
1,071
1,100
+245.0%
Receivables
104
92.2
89.2
+12.7%
Other assets
329
270
130
+21.6%
Total assets
6,915
3,854
3,313
+79.4%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.