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v3.22.4

Segment Information and Revenue (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Revenue Categories |
| Year Ended December 31, 2022 |  | Year Ended December 31, 2021 |  | Year Ended December 31, 2020
| IMT |  | Mortgages |  | Homes |  | IMT |  | Mortgages |  | Homes |  | IMT |  | Mortgages |  | Homes
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Premier Agent | $ | 1,291 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,396 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,047 |  |  | $ | — |  |  | $ | — |
Rentals | 274 |  |  | — |  |  | — |  |  | 264 |  |  | — |  |  | — |  |  | 222 |  |  | — |  |  | — |
Other | 274 |  |  | — |  |  | — |  |  | 226 |  |  | — |  |  | — |  |  | 181 |  |  | — |  |  | — |
Mortgages | — |  |  | 119 |  |  | — |  |  | — |  |  | 246 |  |  | — |  |  | — |  |  | 174 |  |  | — |
Total revenue | 1,839 |  |  | 119 |  |  | — |  |  | 1,886 |  |  | 246 |  |  | — |  |  | 1,450 |  |  | 174 |  |  | — |
Cost of revenue (1) | 275 |  |  | 68 |  |  | 24 |  |  | 203 |  |  | 84 |  |  | 36 |  |  | 193 |  |  | 39 |  |  | 23 |
Gross profit (loss) | 1,564 |  |  | 51 |  |  | (24) |  |  | 1,683 |  |  | 162 |  |  | (36) |  |  | 1,257 |  |  | 135 |  |  | (23) |
Operating expenses (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing | 572 |  |  | 79 |  |  | 13 |  |  | 552 |  |  | 109 |  |  | 54 |  |  | 441 |  |  | 60 |  |  | 34 |
Technology and development | 438 |  |  | 50 |  |  | 10 |  |  | 318 |  |  | 32 |  |  | 71 |  |  | 260 |  |  | 23 |  |  | 41 |
General and administrative | 375 |  |  | 85 |  |  | 38 |  |  | 258 |  |  | 72 |  |  | 84 |  |  | 225 |  |  | 44 |  |  | 55 |
Impairment and restructuring costs | 12 |  |  | 4 |  |  | 8 |  |  | — |  |  | 1 |  |  | 9 |  |  | 74 |  |  | 3 |  |  | — |
Acquisition-related costs | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Integration costs | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total operating expenses | 1,397 |  |  | 218 |  |  | 69 |  |  | 1,138 |  |  | 214 |  |  | 218 |  |  | 1,000 |  |  | 130 |  |  | 130 |
Income (loss) from continuing operations | 167 |  |  | (167) |  |  | (93) |  |  | 545 |  |  | (52) |  |  | (254) |  |  | 257 |  |  | 5 |  |  | (153) |
Segment other income (expense), net | (7) |  |  | 3 |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |  |  | 2 |  |  | — |
Segment interest expense | — |  |  | (3) |  |  | — |  |  | — |  |  | (5) |  |  | — |  |  | — |  |  | (2) |  |  | — |
Income (loss) from continuing operations before income taxes (2) | $ | 160 |  |  | $ | (167) |  |  | $ | (93) |  |  | $ | 545 |  |  | $ | (52) |  |  | $ | (254) |  |  | $ | 262 |  |  | $ | 5 |  |  | $ | (153) |
(1) The following table presents depreciation and amortization expense and share-based compensation expense for each of our segments for the periods presented (in millions):
| Year Ended December 31, 2022 |  | Year Ended December 31, 2021 |  | Year Ended December 31, 2020
| IMT |  | Mortgages |  | Homes |  | IMT |  | Mortgages |  | Homes |  | IMT |  | Mortgages |  | Homes
Depreciation and amortization expense | $ | 137 |  |  | $ | 11 |  |  | $ | 2 |  |  | $ | 99 |  |  | $ | 8 |  |  | $ | 13 |  |  | $ | 90 |  |  | $ | 7 |  |  | $ | 8 |
Share-based compensation expense | $ | 356 |  |  | $ | 60 |  |  | $ | 17 |  |  | $ | 201 |  |  | $ | 34 |  |  | $ | 41 |  |  | $ | 135 |  |  | $ | 15 |  |  | $ | 20 |
Reconciliation of Segment Gross Profit and Loss | (2) The following table presents the reconciliation of total segment income (loss) from continuing operations before income taxes to consolidated income (loss) from continuing operations before income taxes for the periods presented (in millions):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Total segment income (loss) from continuing operations before income taxes | $ | (100) |  |  | $ | 239 |  |  | $ | 114 |
Corporate interest expense | (32) |  |  | (123) |  |  | (136) |
Corporate other income, net | 47 |  |  | 2 |  |  | 18 |
Gain (loss) on extinguishment of debt | — |  |  | (17) |  |  | 1 |
Consolidated income (loss) from continuing operations before income taxes | $ | (85) |  |  | $ | 101 |  |  | $ | (3) |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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