Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 379,922 $ 591,003
Restricted cash 28,279 127,278
Short-term investments 82,506 33,737
Accounts receivable, net of allowances for credit losses of $1,655 and $1,298 86,082 69,594
Inventory 377,518 358,221
Loans held for sale 306,364 35,759
Prepaid expenses 30,775 22,948
Other current assets 18,378 7,524
Total current assets 1,309,824 1,246,064
Property and equipment, net 59,709 58,671
Right-of-use assets, net 54,321 54,200
Mortgage servicing rights, at fair value 35,050 0
Long-term investments 52,989 54,828
Goodwill 461,349 409,382
Intangible assets, net 181,766 185,929
Other assets, noncurrent 12,720 12,898
Total assets 2,167,728 2,021,972
Current liabilities    
Accounts payable 20,237 12,546
Accrued and other liabilities 161,803 118,122
Warehouse credit facilities 298,303 33,043
Secured revolving credit facility 156,540 199,781
Convertible senior notes, net 0 23,280
Lease liabilities 18,180 15,040
Total current liabilities 655,063 401,812
Lease liabilities, noncurrent 50,920 55,222
Convertible senior notes, net, noncurrent 1,239,873 1,214,017
Deferred tax liabilities 728 1,201
Total liabilities 1,946,584 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 March 31, 2022 and December 31, 2021, respectively 39,891 39,868
Stockholders’ equity    
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 108,415,939 and 106,308,767 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 108 106
Additional paid-in capital 723,251 682,084
Accumulated other comprehensive loss (990) (174)
Accumulated deficit (541,116) (372,164)
Total stockholders’ equity 181,253 309,852
Total liabilities, mezzanine equity, and stockholders’ equity $ 2,167,728 $ 2,021,972