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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,846 $ 1,466
Short-term investments 1,421 1,896
Accounts receivable, net 97 72
Mortgage loans held for sale 96 41
Prepaid expenses and other current assets 149 126
Restricted cash 3 2
Total current assets 3,612 3,603
Contract cost assets 23 23
Property and equipment, net 324 271
Right of use assets 103 126
Goodwill 2,416 2,374
Intangible assets, net 162 154
Other assets 16 12
Total assets 6,656 6,563
Current liabilities:    
Accounts payable 28 20
Accrued expenses and other current liabilities 87 90
Accrued compensation and benefits 52 48
Borrowings under credit facilities 91 37
Deferred revenue 48 44
Lease liabilities, current portion 28 31
Convertible senior notes, current portion 607 0
Total current liabilities 941 270
Lease liabilities, net of current portion 119 139
Convertible senior notes, net of current portion 1,057 1,660
Other long-term liabilities 10 12
Total liabilities 2,127 2,081
Commitments and contingencies (Note 14)
Shareholders’ equity:    
Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding 0 0
Additional paid-in capital 6,247 6,109
Accumulated other comprehensive loss (21) (15)
Accumulated deficit (1,697) (1,612)
Total shareholders’ equity 4,529 4,482
Total liabilities and shareholders’ equity 6,656 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