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
Stock-Based Compensation	194	89	85	75.2	63.7
Other Adjustments	234	137	121	101.7	128.6
Change in Receivables	-28	-30	-67	-46.4	-29.6
Changes in Accounts Payable	-12	44	34	23.2	-30.2
Changes in Income Taxes Payable	-45	22	11	-19.3	5.9
Changes in Unearned Revenue	21	11	-1	6.8	17.4
Changes in Other Operating Activities	-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
Purchases of Investments	-285	-	-	-	-
Proceeds from Sale of Investments	205	2	4	0.9	-
Payments for Business Acquisitions	-2,347	-277	-100	-6.3	-193
Investing Cash Flow	-2,816	-913	-239	-69.1	-381.3
Long-Term Debt Repaid	-	-	-	-2.2	-
Net Long-Term 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
Net Common Stock Issued (Repurchased)	-551	-5	-3	736.2	-15.3
Other Financing Activities	-8	-9	-1	-	-0.4
Financing Cash Flow	-559	-14	-4	734	-15.7
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-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%
FCF Margin	1.26%	-8.95%	14.13%	17.64%	14.44%
Free Cash Flow Per Share	0.10	-0.60	0.85	0.97	0.71
Levered Free Cash Flow	-359	-441	208	252.2	118.1
Unlevered Free Cash Flow	-382.8	-576.69	43.66	227.44	138.6

Updated Dec 31, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.