CSGP.xlsx

	C	E	F	G	H	I	J	K	L
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3		2018	2019	2020	2021	2022	2023	2024	2025
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5	Revenue	1192	1400	1659	1944	2182	2455	2736	3247
6	Growth rate		17%	19%	17%	12%	13%	11%	19%
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8	Cost of Revenue	270	289	309	357	414	491	558	686
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10	Gross Profit	922	1111	1350	1587	1768	1964	2178	2561
11	% of rev	77%	79%	81%	82%	81%	80%	80%	79%
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13	Operating Expenses
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15	S&M	360	409	536	622	684	990	1364	1560
16	% of rev	30%	29%	32%	32%	31%	40%	50%	48%
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18	SW Dev	101	126	163	201	221	268	326	406
19	% of rev	8%	9%	10%	10%	10%	11%	12%	13%
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21	G&A	157	179	300	257	339	382	439	549
22	% of rev	58%	62%	97%	72%	82%	78%	79%	80%
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24	Customer Base amort	31	34	62	75	74	42	44	118
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26	Total operating expenses	649	748	1061	1155	1318	1682	2173	2633
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28	Income from Operations	273	363	289	432	450	282	5	-72
29	% of rev	23%	26%	17%	22%	21%	11%	0%	-2%
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31	Taxes	45	70	45	111	100	50	0	0
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33	Net Income	228	293	244	321	350	232	5	-72
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35	Depreciation	78	81	117	140	138	108	147	263
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37	Capex	30	46	48	65	59	118	580	307
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39	FCF	276	328	313	396	429	222	-428	-116
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42	$ spent on Acquistiions	418	438	426	193	0		277	2345
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44	Issuance of equity			1700		745
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46	$ spent on buybacks								500
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