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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,394 $ 1,466
Short-term investments 1,975 1,896
Accounts receivable, net of allowance for doubtful accounts 75 72
Mortgage loans held for sale 48 41
Prepaid expenses and other current assets 152 126
Restricted cash 2 2
Total current assets 3,646 3,603
Contract cost assets 23 23
Property and equipment, net 290 271
Right of use assets 114 126
Goodwill 2,374 2,374
Intangible assets, net 154 154
Other assets 13 12
Total assets 6,614 6,563
Current liabilities:    
Accounts payable 21 20
Accrued expenses and other current liabilities 101 90
Accrued compensation and benefits 45 48
Borrowings under credit facilities 42 37
Deferred revenue 49 44
Lease liabilities, current portion 29 31
Total current liabilities 287 270
Lease liabilities, net of current portion 133 139
Convertible senior notes 1,661 1,660
Other long-term liabilities 13 12
Total liabilities 2,094 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 6,157 6,109
Accumulated other comprehensive loss (3) (15)
Accumulated deficit (1,634) (1,612)
Total shareholders’ equity 4,520 4,482
Total liabilities and shareholders’ equity 6,614 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