Stock issued for equity offerings, net of transaction costs/Stock issued for acquisitions (in shares)

COSTAR GROUP, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(in thousands)  
 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Common Stock(1) |  | AdditionalPaid-In Capital(1) |  | AccumulatedOtherComprehensive Loss |  | RetainedEarnings |  | TotalStockholders’Equity |
|   | Shares |  | Amount |  |  |  |  |
| Balance at December 31, 2018 | 364,588  |  |  | $ | 3,646  |  |  | $ | 2,416,530  |  |  | $ | (11,688) |  |  | $ | 613,454  |  |  | $ | 3,021,942  |  |
| Cumulative effect of adoption of new accounting standard, net of tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 12,057  |  |  | 12,057  |  |
| Balance at January 1, 2019 | 364,588  |  |  | $ | 3,646  |  |  | $ | 2,416,530  |  |  | $ | (11,688) |  |  | $ | 625,511  |  |  | $ | 3,033,999  |  |
| Net income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 314,963  |  |  | 314,963  |  |
| Other comprehensive income | —  |  |  | —  |  |  | —  |  |  | 3,103  |  |  | —  |  |  | 3,103  |  |
| Exercise of stock options | 1,159  |  |  | 12  |  |  | 18,640  |  |  | —  |  |  | —  |  |  | 18,652  |  |
| Restricted stock issued | 1,680  |  |  | 17  |  |  | (17) |  |  | —  |  |  | —  |  |  | —  |  |
| Restricted stock grants surrendered | (757) |  |  | (8) |  |  | (27,569) |  |  | —  |  |  | —  |  |  | (27,577) |  |
| Stock-based compensation expense | —  |  |  | —  |  |  | 51,818  |  |  | —  |  |  | —  |  |  | 51,818  |  |
| Management stock purchase plan | —  |  |  | —  |  |  | 3,491  |  |  | —  |  |  | —  |  |  | 3,491  |  |
| Employee stock purchase plan | 136  |  |  | 1  |  |  | 7,143  |  |  | —  |  |  | —  |  |  | 7,144  |  |
| Balance at December 31, 2019 | 366,806  |  |  | $ | 3,668  |  |  | $ | 2,470,036  |  |  | $ | (8,585) |  |  | $ | 940,474  |  |  | $ | 3,405,593  |  |
| Net income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 227,128  |  |  | 227,128  |  |
| Other comprehensive income | —  |  |  | —  |  |  | —  |  |  | 7,696  |  |  | —  |  |  | 7,696  |  |
| Exercise of stock options | 953  |  |  | 10  |  |  | 21,861  |  |  | —  |  |  | —  |  |  | 21,871  |  |
| Restricted stock issued | 1,012  |  |  | 10  |  |  | (10) |  |  | —  |  |  | —  |  |  | —  |  |
| Restricted stock grants surrendered | (952) |  |  | (9) |  |  | (38,857) |  |  | —  |  |  | —  |  |  | (38,866) |  |
| Stock-based compensation expense | —  |  |  | —  |  |  | 52,624  |  |  | —  |  |  | —  |  |  | 52,624  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Employee stock purchase plan | 130  |  |  | 1  |  |  | 9,342  |  |  | —  |  |  | —  |  |  | 9,343  |  |
| Stock issued for equity offerings, net of transaction costs | 26,336  |  |  | 263  |  |  | 1,689,707  |  |  | —  |  |  | —  |  |  | 1,689,970  |  |
| Balance at December 31, 2020 | 394,285  |  |  | $ | 3,943  |  |  | $ | 4,204,703  |  |  | $ | (889) |  |  | $ | 1,167,602  |  |  | $ | 5,375,359  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Net income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 292,564  |  |  | 292,564  |  |
| Other comprehensive loss | —  |  |  | —  |  |  | —  |  |  | (4,869) |  |  | —  |  |  | (4,869) |  |
| Exercise of stock options | 206  |  |  | 2  |  |  | 6,339  |  |  | —  |  |  | —  |  |  | 6,341  |  |
| Restricted stock issued | 862  |  |  | 8  |  |  | (7) |  |  | —  |  |  | —  |  |  | 1  |  |
| Restricted stock grants surrendered | (569) |  |  | (7) |  |  | (33,307) |  |  | —  |  |  | —  |  |  | (33,314) |  |
| Stock-based compensation expense | —  |  |  | —  |  |  | 62,585  |  |  | —  |  |  | —  |  |  | 62,585  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Employee stock purchase plan | 152  |  |  | —  |  |  | 13,005  |  |  | —  |  |  | —  |  |  | 13,005  |  |
| Balance at December 31, 2021 | 394,936  |  |  | $ | 3,946  |  |  | $ | 4,253,318  |  |  | $ | (5,758) |  |  | $ | 1,460,166  |  |  | $ | 5,711,672  |  |

 (1)Prior period amounts have been retroactively adjusted to reflect the ten-for-one stock split effected in the form of a stock dividend in June 2021.   
See accompanying notes.F-9
