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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 3,693,390 $ 3,085,020
Restricted cash and restricted cash equivalents 454,518 530,558
Investment securities (includes available-for-sale securities of $838,506 and $595,187 at fair value with associated amortized cost of $839,936 and $596,757, as of March 31, 2024 and December 31, 2023, respectively) 973,098 701,935
Loans held for sale, at fair value 15,116,482 15,396,771
Loans held for investment, at fair value 6,834,161 6,725,484
Loans held for investment, at amortized cost (less allowance for credit losses of $51,313 and $54,695, as of March 31, 2024 and December 31, 2023, respectively) 1,250,231 836,159
Servicing rights 240,752 180,469
Property, equipment and software 228,049 216,908
Goodwill 1,393,505 1,393,505
Intangible assets 347,495 364,048
Operating lease right-of-use assets 87,362 89,635
Other assets (less allowance for credit losses of $2,109 and $1,837, as of March 31, 2024 and December 31, 2023, respectively) 686,717 554,366
Total assets 31,305,760 30,074,858
Deposits:    
Interest-bearing deposits 21,550,137 18,568,993
Noninterest-bearing deposits 54,457 51,670
Total deposits 21,604,594 18,620,663
Accounts payable, accruals and other liabilities 554,185 549,748
Operating lease liabilities 105,556 108,649
Debt 2,891,317 5,233,416
Residual interests classified as debt 4,129 7,396
Total liabilities 25,159,781 24,519,872
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, 2024 and December 31, 2023, respectively [1] 320,374 320,374
Permanent equity:    
Common stock [2] 105 97
Additional paid-in capital 7,543,808 7,039,987
Accumulated other comprehensive loss (2,088) (1,209)
Accumulated deficit (1,716,220) (1,804,263)
Total permanent equity 5,825,605 5,234,612
Total liabilities, temporary equity and permanent equity 31,305,760 30,074,858
Variable Interest Entity, Primary Beneficiary    
Assets    
Restricted cash and restricted cash equivalents 45,297 50,547
Loans held for sale, at fair value 388,980 502,757
Loans held for investment, at fair value 158,191 221,461
Total assets 592,468 774,765
Deposits:    
Accounts payable, accruals and other liabilities 750 1,773
Debt 255,943 420,974
Residual interests classified as debt 4,129 7,396
Total liabilities $ 260,822 $ 430,143
[1] Redemption amount is $323,400 as of March 31, 2024 and December 31, 2023.
[2] Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of March 31, 2024 and December 31, 2023. See Note 10. Equity for additional information.