For the year ending 2025-12-31, CSGP had -$2,948,000K decrease in cash & cash equivalents over the period. $123,000K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 7,000 | 138,700 | 374,700 | 369,453 |
| Depreciation and amortization | 263,000 | 146,900 | 107,500 | 137,885 |
| Amortization of deferred commissions costs | 141,000 | 116,700 | 95,200 | 76,082 |
| Amortization of senior notes discount and issuance costs | - | 2,800 | 2,400 | 2,365 |
| Non-cash lease expense | 30,000 | 32,700 | 30,000 | 38,489 |
| Stock-based compensation expense | 194,000 | 89,000 | 85,000 | 75,207 |
| Deferred income taxes, net | 36,000 | -50,100 | -37,200 | -31,203 |
| Credit loss expense | 32,000 | 36,400 | 35,000 | 18,309 |
| Other operating activities, net | -5,000 | -1,300 | -3,200 | -2,439 |
| Accounts receivable | 28,000 | 30,200 | 66,600 | 46,403 |
| Prepaid expenses, other current assets and other assets | 21,000 | 7,400 | 16,200 | 17,910 |
| Deferred commissions | -152,000 | -120,200 | -120,200 | -116,796 |
| Accounts payable and other liabilities | -12,000 | 43,500 | 33,900 | 23,234 |
| Lease liabilities | -31,000 | -38,000 | -39,200 | -37,396 |
| Income taxes payable, net | -45,000 | 22,400 | 10,700 | -19,259 |
| Deferred revenue | 21,000 | 11,200 | -1,300 | 6,785 |
| Other assets | - | 500 | -1,000 | 2,217 |
| Net cash provided by operating activities | 430,000 | 392,600 | 489,500 | 478,620 |
| Proceeds from sale and settlement of investments and other assets | 205,000 | 0 | 3,800 | 864 |
| Proceeds from sale of property and equipment and other assets | - | 1,700 | 0 | 30,097 |
| Purchases of property, equipment, and other assets for new campuses | 307,000 | 579,000 | 117,500 | 35,169 |
| Purchases of property, equipment, and other assets | 82,000 | 58,900 | 25,300 | 58,574 |
| Purchases of equity securities | 285,000 | - | - | - |
| Cash paid for acquisitions, net of cash acquired | 2,347,000 | 276,700 | 99,600 | 6,273 |
| Net cash used in investing activities | -2,816,000 | -912,900 | -238,600 | -69,055 |
| Proceeds from long-term debt | - | - | - | 0 |
| Payments of long-term debt assumed in acquisition | - | 0 | 0 | 2,155 |
| Payments of debt issuance costs | - | 3,600 | - | 0 |
| Repurchase of restricted stock to satisfy tax withholdingobligations | 75,000 | 29,500 | 26,400 | 23,108 |
| Proceeds from equity offering, net of transaction costs | - | 0 | 0 | 745,700 |
| Stock repurchase | 500,000 | - | - | - |
| Proceeds from exercise of stock options and employee stock purchase plan | 24,000 | 24,500 | 23,400 | 13,540 |
| Principal repayments of finance lease obligations | - | 5,100 | - | - |
| Other financing activities, net | -8,000 | - | -700 | 0 |
| Net cash used in financing activities | -559,000 | -13,700 | -3,700 | 733,977 |
| Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash | -3,000 | -900 | 700 | -2,698 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -2,948,000 | -534,900 | 247,900 | 1,140,844 |
| Cash, cash equivalents, and restricted cash at the beginning of period | 4,681,000 | 5,215,900 | 4,968,000 | 3,827,126 |
| Cash, cash equivalents, and restricted cash at the end of period | 1,733,000 | 4,681,000 | 5,215,900 | 4,967,970 |
COSTAR GROUP, INC. (CSGP)
COSTAR GROUP, INC. (CSGP)