CoStar Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7	139	375	369.5	292.6
Depreciation & Amortization	263	147	108	137.9	139.6
Other Amortization	141	117	95	78.5	65.7
Stock-Based Compensation	194	89	85	75.2	63.7
Provision & Write-off of Bad Debts	32	36	35	18.3	10.9
Other Operating Activities	61	-16	-9	4.9	52
Change in Accounts Receivable	-28	-30	-67	-46.4	-29.6
Change in Accounts Payable	-12	44	34	23.2	-30.2
Change in Unearned Revenue	21	11	-1	6.8	17.4
Change in Income Taxes	-45	22	11	-19.3	5.9
Change in Other Net Operating Assets	-204	-166	-176	-169.9	-118.3
Operating Cash Flow	430	393	490	478.7	469.7
Operating Cash Flow Growth	9.41%	-19.80%	2.36%	1.92%	-3.38%
Capital Expenditures	-389	-638	-143	-93.8	-188.9
Sale of Property, Plant & Equipment	-	-	-	30.1	0.6
Cash Acquisitions	-2,347	-277	-100	-6.3	-193
Investment in Securities	-80	2	4	0.9	-
Investing Cash Flow	-2,816	-913	-239	-69.1	-381.3
Long-Term Debt Repaid	-	-	-	-2.2	-
Net Debt Issued (Repaid)	-	-	-	-2.2	-
Issuance of Common Stock	24	25	23	759.2	18
Repurchase of Common Stock	-575	-30	-26	-23	-33.3
Other Financing Activities	-8	-9	-1	-	-0.4
Financing Cash Flow	-559	-14	-4	734	-15.7
Foreign Exchange Rate Adjustments	-3	-1	1	-2.7	-1.5
Net Cash Flow	-2,948	-535	248	1,141	71.2
Free Cash Flow	41	-245	347	384.9	280.8
Free Cash Flow Growth	-	-	-9.85%	37.07%	-35.85%
Free Cash Flow Margin	1.26%	-8.96%	14.13%	17.64%	14.44%
Free Cash Flow Per Share	0.10	-0.60	0.85	0.97	0.71
Cash Interest Paid	30	31	31	29.9	31.5
Cash Income Tax Paid	73	100	163	169.2	82.1
Levered Free Cash Flow	143.75	-203.98	338.68	432.49	378.02
Unlevered Free Cash Flow	156.25	-186.48	358.05	450.28	395.91
Change in Working Capital	-268	-119	-199	-205.6	-154.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.