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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 2,487,778 $ 1,421,907
Restricted cash and restricted cash equivalents 489,736 424,395
Investment securities (includes available-for-sale securities of $174,836 and $195,438 at fair value with associated amortized cost of $180,629 and $203,418, as of March 31, 2023 and December 31, 2022, respectively) 360,068 396,769
Loans held for sale, at fair value 15,858,105 13,557,074
Loans held for investment (less allowance for credit losses on loans at amortized cost of $38,937 and $40,788, as of March 31, 2023 and December 31, 2022, respectively) 328,029 307,957
Servicing rights 146,514 149,854
Property, equipment and software 180,109 170,104
Goodwill 1,622,991 1,622,991
Intangible assets 419,880 442,155
Operating lease right-of-use assets 94,283 97,135
Other assets (less allowance for credit losses of $1,645 and $2,785, as of March 31, 2023 and December 31, 2022, respectively) 465,468 417,334
Total assets 22,452,961 19,007,675
Deposits:    
Interest-bearing deposits 10,016,404 7,265,792
Noninterest-bearing deposits 72,037 76,504
Total deposits 10,088,441 7,342,296
Accounts payable, accruals and other liabilities 554,106 516,215
Operating lease liabilities 114,902 117,758
Debt 6,125,501 5,485,882
Residual interests classified as debt 15,565 17,048
Total liabilities 16,898,515 13,479,199
Commitments, guarantees, concentrations and contingencies (Note 15)
Temporary equity:    
Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding, as of March 31, 2023 and December 31, 2022, respectively [1] 320,374 320,374
Permanent equity:    
Common stock [2] 94 93
Additional paid-in capital 6,778,262 6,719,826
Accumulated other comprehensive loss (6,341) (8,296)
Accumulated deficit (1,537,943) (1,503,521)
Total permanent equity 5,234,072 5,208,102
Total liabilities, temporary equity and permanent equity 22,452,961 19,007,675
Restricted cash and restricted cash equivalents 489,736 424,395
Loans held for sale, at fair value 15,858,105 13,557,074
Total assets 22,452,961 19,007,675
Accounts payable, accruals and other liabilities 554,106 516,215
Debt 6,125,501 5,485,882
Residual interests classified as debt 15,565 17,048
Total liabilities 16,898,515 13,479,199
Variable Interest Entity, Primary Beneficiary    
Assets    
Restricted cash and restricted cash equivalents 138,952 68,151
Loans held for sale, at fair value 1,164,464 931,701
Total assets 1,303,416 999,852
Deposits:    
Accounts payable, accruals and other liabilities 3,082 3,053
Debt 964,932 771,454
Residual interests classified as debt 15,565 17,048
Total liabilities 983,579 791,555
Restricted cash and restricted cash equivalents 138,952 68,151
Loans held for sale, at fair value 1,164,464 931,701
Total assets 1,303,416 999,852
Accounts payable, accruals and other liabilities 3,082 3,053
Debt 964,932 771,454
Residual interests classified as debt 15,565 17,048
Total liabilities $ 983,579 $ 791,555
[1] Redemption amount is $323,400 as of March 31, 2023 and December 31, 2022.
[2] Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of March 31, 2023 and December 31, 2022. See Note 10. Equity for additional information.