CoStar Group(CSGP) - 2024 Q1 - Quarterly Report

Liquidity and Capital Resources 41 Net cash provided by operating activities for the three months ended March 31, 2024 was $140 million compared to $123 million for the three months ended March 31, 2023. The $16 million increase in cash provided by operating activities was primarily driven by an increase in working capital of $76 million, offset by a decrease in net income. The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assum ...