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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 359,724 $ 591,003
Restricted cash 43,992 127,278
Short-term investments 110,316 33,737
Accounts receivable, net of allowances for credit losses of $1,979 and $1,298 96,343 69,594
Inventory 301,231 358,221
Loans held for sale 256,339 35,759
Prepaid expenses 27,361 22,948
Other current assets 26,738 7,524
Total current assets 1,222,044 1,246,064
Property and equipment, net 59,238 58,671
Right-of-use assets, net 45,647 54,200
Mortgage servicing rights, at fair value 36,914 0
Long-term investments 41,677 54,828
Goodwill 461,349 409,382
Intangible assets, net 172,019 185,929
Other assets, noncurrent 12,054 12,898
Total assets 2,050,942 2,021,972
Current liabilities    
Accounts payable 12,422 12,546
Accrued and other liabilities 133,885 118,122
Warehouse credit facilities 252,529 33,043
Secured revolving credit facility 202,416 199,781
Convertible senior notes, net 23,393 23,280
Lease liabilities 21,094 15,040
Total current liabilities 645,739 401,812
Lease liabilities, noncurrent 39,803 55,222
Convertible senior notes, net, noncurrent 1,217,768 1,214,017
Deferred tax liabilities 344 1,201
Total liabilities 1,903,654 1,672,252
Commitments and contingencies (Note 8)
Series A convertible preferred stock—par value $0.001 per share; 10,000,000 shares authorized; 40,000 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 39,902 39,868
Stockholders’ equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 108,716,990 and 106,308,767 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 109 106
Additional paid-in capital 739,689 682,084
Accumulated other comprehensive loss (1,051) (174)
Accumulated deficit (631,361) (372,164)
Total stockholders’ equity 107,386 309,852
Total liabilities, mezzanine equity, and stockholders’ equity $ 2,050,942 $ 2,021,972