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Year 2017-2018 Quarterly Results - Unaudited | ||||||||||||||||||||||
(in millions, except per share data) | ||||||||||||||||||||||
2017 | 2018 | |||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | ||||||||||||||||
Revenues | $ | 227 | $ | 237 | $ | 248 | $ | 254 | $ | 274 | $ | 297 | $ | 306 | ||||||||
Net income | 22 | 22 | 34 | 44 | 52 | 44 | 59 | |||||||||||||||
Net income per share - diluted | 0.68 | 0.68 | 1.04 | 1.22 | 1.44 | 1.20 | 1.61 | |||||||||||||||
Weighted average outstanding shares - diluted | 32.6 | 32.7 | 32.8 | 36.1 | 36.4 | 36.5 | 36.5 | |||||||||||||||
EBITDA | 55 | 44 | 73 | 66 | 70 | 64 | 91 | |||||||||||||||
Adjusted EBITDA | 64 | 54 | 84 | 78 | 84 | 85 | 110 | |||||||||||||||
Non-GAAP net income | 34 | 28 | 46 | 45 | 60 | 60 | 79 | |||||||||||||||
Non-GAAP net income per share - diluted | 1.05 | 0.86 | 1.41 | 1.25 | 1.65 | 1.66 | 2.16 |
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Costar Group Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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Non-GAAP net income and non-GAAP net income per diluted share are similarly adjusted for stock-based compensation expense, acquisition- and integration-related costs, restructuring costs, settlement and impairment costs incurred outside our ordinary course of business and loss on debt extinguishment as well as amortization of acquired intangible assets and other related costs.
Any new investments, changes to our service offerings or other unforeseen events could result in reduced revenues, losses and negative cash flow from operations in the future.
Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share exclude these charges and provide meaningful information about the operating performance of our business, apart from charges for amortization of acquired intangible assets, depreciation and other amortization, acquisition- and integration-related costs, restructuring costs settlement and impairment costs incurred outside our ordinary course of business.
Adjusted EBITDA is different from EBITDA because we further adjust EBITDA for stock-based compensation expense, acquisition- and integration-related costs, restructuring costs and settlements and impairments incurred outside our ordinary course of business.
The financial items that have been excluded from our net income to calculate non-GAAP net income and non-GAAP net income per diluted share are amortization of acquired intangible assets and other related costs, stock-based compensation, acquisition- and integration-related costs, restructuring and related costs and settlement and impairment costs incurred outside our ordinary course of business.
We expect the restructured credit...Read more
The amount of restructuring costs...Read more
Due to the expansion of...Read more
Based on current plans, we...Read more
EBITDA, adjusted EBITDA, non-GAAP net...Read more
We expect to continue our...Read more
Subsequent to the measurement period,...Read more
We view EBITDA, adjusted EBITDA,...Read more
The increase was primarily due...Read more
The increase was primarily due...Read more
However, if changes in these...Read more
The amount of loss on...Read more
The following accounting policies involve...Read more
Changes in these or other...Read more
Our accounting for deferred tax...Read more
This $294 million increase in...Read more
The increase in the amount...Read more
The increase in the amount...Read more
Customer base amortization increased approximately...Read more
Customer base amortization increased approximately...Read more
Multifamily revenue increased $33 million...Read more
Multifamily revenue increased $93 million...Read more
Upon renewal, subscription contract rates...Read more
Interest and other expense decreased...Read more
Interest and other expense decreased...Read more
On October 12, 2018, we...Read more
Income tax expense decreased to...Read more
Income tax expense decreased to...Read more
We established our research operations...Read more
We may disclose adjusted EBITDA,...Read more
We also believe the non-GAAP...Read more
The increase in the amount...Read more
Commercial Property and Land revenue...Read more
The non-GAAP financial measures that...Read more
In accordance with SEC Staff...Read more
Depending on the type of...Read more
We analyze contracts to determine...Read more
The non-GAAP financial measures that...Read more
Commercial Property and Land revenue...Read more
As we continue to assess...Read more
ForRent.com is expected to remain...Read more
The decrease in International EBITDA...Read more
The decrease in International EBITDA...Read more
Such impairment charges could have...Read more
We created and compiled our...Read more
This increase in North America...Read more
This $43 million increase in...Read more
Amortization of acquired intangible assets...Read more
The increase in North America...Read more
The increase in North America...Read more
Certain sales commissions are considered...Read more
in which we become involved...Read more
In calculating EBITDA, adjusted EBITDA,...Read more
Our principal information, analytics and...Read more
We may revise our estimates...Read more
In addition, investors, securities analysts...Read more
To the extent we establish...Read more
If the carrying value of...Read more
Goodwill represents the excess of...Read more
We estimate the fair value...Read more
Revenues increased to $306 million...Read more
North America revenues increased to...Read more
Revenues increased to $876 million...Read more
North America revenues increased to...Read more
Continuing to convert LoopNet information...Read more
Gross profit increased to $233...Read more
Gross profit increased to $675...Read more
Net bookings is considered a...Read more
Subscription contract rates are based...Read more
This increase in North America...Read more
Because we do not acquire...Read more
For the nine months ended...Read more
Amortization of acquired intangible assets...Read more
CoStar Group, Inc. the Company...Read more
The amount of settlement and...Read more
When we determine that the...Read more
The amount of acquisition- and...Read more
We are committed to supporting,...Read more
The effective tax rate was...Read more
The effective tax rate was...Read more
incorporates the effects of the...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Costar Group Inc provided additional information to their SEC Filing as exhibits
Ticker: CSGP
CIK: 1057352
Form Type: 10-Q Quarterly Report
Accession Number: 0001057352-18-000115
Submitted to the SEC: Wed Oct 24 2018 4:28:22 PM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Business Services