XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Operating activities          
Net loss $ 3,207 $ 4,304 $ (33,232) $ (23,762) $ (15,002)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization     3,902 3,539  
Stock-based compensation     8,974 5,320  
Change in assets and liabilities:          
Prepaid expenses     5,277 1,842  
Accrued revenue     (5,568) (3,885)  
Inventories     (11,137) (1,582)  
Other current assets     (1,470) 8,064  
Other long-term assets     (125) 377  
Accounts payable     1,934 901  
Accrued liabilities     7,481 8,481  
Deferred lease liability     (583) 1,097  
Origination of loans held for sale     (29,249) (3,022)  
Proceeds from sale of loans originated as held for sale     27,555 2,477  
Net cash used in operating activities     (26,241) (153)  
Investing activities          
Maturities and sales of short-term investments     0 1,239  
Purchases of short-term investments     0 (992)  
Purchases of property and equipment     (4,045) (9,435)  
Net cash used in investing activities     (4,045) (9,188)  
Financing activities          
Proceeds from issuance of common stock     14,394 1,017  
Tax payment related to net share settlements on restricted stock units     (227) 0  
Payment of initial public offering costs     0 (1,807)  
Borrowings from warehouse credit facilities     28,551 2,932  
Repayments of warehouse credit facilities     (27,076) (2,403)  
Other payables - customer escrow deposits related to title services     13,631 7,814  
Net cash provided by financing activities     29,273 7,553  
Net change in cash, cash equivalents, and restricted cash     (1,013) (1,788)  
Cash, cash equivalents, and restricted cash:          
Beginning of period     212,658 67,845 67,845
End of period 211,645 66,057 211,645 66,057 $ 212,658
Supplemental disclosure of non-cash investing and financing activities          
Accretion of redeemable convertible preferred stock $ 0 $ (110,921) 0 (135,690)  
Stock-based compensation capitalized in property and equipment     (244) (131)  
Initial public offering cost accruals     0 (343)  
Property and equipment additions in accounts payable and accrued expenses     (21) 0  
Leasehold improvements paid directly by lessor     (926) (104)  
Cash in transit for exercised stock options     $ (30) $ 0