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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 239,840 $ 591,003
Restricted cash 2,406 127,278
Short-term investments 122,259 33,737
Accounts receivable, net of allowances for credit losses of $2,019 and $1,298 54,880 69,594
Inventory 114,273 358,221
Loans held for sale 199,604 35,759
Prepaid expenses 34,506 22,948
Other current assets 8,690 7,524
Total current assets 776,458 1,246,064
Property and equipment, net 55,105 58,671
Right-of-use assets, net 42,032 54,200
Mortgage servicing rights, at fair value 36,261 0
Long-term investments 29,480 54,828
Goodwill 461,349 409,382
Intangible assets, net 162,272 185,929
Other assets, noncurrent 11,247 12,898
Total assets 1,574,204 2,021,972
Current liabilities    
Accounts payable 11,819 12,546
Accrued and other liabilities 109,743 118,122
Warehouse credit facilities 190,509 33,043
Secured revolving credit facility 0 199,781
Convertible senior notes, net 23,431 23,280
Lease liabilities 19,137 15,040
Total current liabilities 354,639 401,812
Lease liabilities, noncurrent 37,298 55,222
Convertible senior notes, net, noncurrent 1,078,157 1,214,017
Deferred tax liabilities 243 1,201
Total liabilities 1,470,337 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 and 40,000 shares issued and outstanding at December 31, 2022 and 2021, respectively 39,914 39,868
Stockholders’ equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 109,696,178 and 106,308,767 shares issued and outstanding at December 31, 2022 and 2021, respectively 110 106
Additional paid-in capital 757,951 682,084
Accumulated other comprehensive loss (801) (174)
Accumulated deficit (693,307) (372,164)
Total stockholders’ equity 63,953 309,852
Total liabilities, mezzanine equity, and stockholders’ equity $ 1,574,204 $ 2,021,972