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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,566 $ 1,466
Short-term investments 1,745 1,896
Accounts receivable, net of allowance for doubtful accounts 90 72
Mortgage loans held for sale 73 41
Prepaid expenses and other current assets 155 126
Restricted cash 2 2
Total current assets 3,631 3,603
Contract cost assets 23 23
Property and equipment, net 309 271
Right of use assets 108 126
Goodwill 2,374 2,374
Intangible assets, net 153 154
Other assets 20 12
Total assets 6,618 6,563
Current liabilities:    
Accounts payable 21 20
Accrued expenses and other current liabilities 118 90
Accrued compensation and benefits 50 48
Borrowings under credit facilities 66 37
Deferred revenue 49 44
Lease liabilities, current portion 29 31
Total current liabilities 333 270
Lease liabilities, net of current portion 126 139
Convertible senior notes 1,663 1,660
Other long-term liabilities 10 12
Total liabilities 2,132 2,081
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding 0 0
Additional paid-in capital 6,174 6,109
Accumulated other comprehensive loss (19) (15)
Accumulated deficit (1,669) (1,612)
Total shareholders’ equity 4,486 4,482
Total liabilities and shareholders’ equity 6,618 6,563
Class A common stock    
Shareholders’ equity:    
Common stock/capital stock 0 0
Class B Common Stock    
Shareholders’ equity:    
Common stock/capital stock 0 0
Class C capital stock    
Shareholders’ equity:    
Common stock/capital stock $ 0 $ 0