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CONDENSED FINANCIAL INFORMATION - CONDENSED BALANCE SHEETS (Details) - USD ($)
$ / shares in Units, $ in Millions
Dec. 31, 2022
Dec. 31, 2021
Jul. 09, 2021
Dec. 31, 2020
Dec. 21, 2020
Dec. 31, 2019
ASSETS            
Intangibles - net $ 12 $ 12        
TOTAL ASSETS [1] 6,608 9,506        
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Accounts payable and other accrued liabilities 110 137        
Total liabilities [2] 5,522 7,258        
SHAREHOLDERS’ EQUITY:            
Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 637,387,025 and 616,026,565 shares issued, respectively; 637,387,025 and 616,026,565 shares outstanding, respectively 0 0        
Additional paid-in capital 4,148 3,955        
Accumulated deficit (3,058) (1,705)        
Accumulated other comprehensive income (loss) (4) (2)        
Total shareholders’ equity 1,086 2,248   $ 1,553   $ (733)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 6,608 $ 9,506        
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001 $ 0.0001   $ 0.0001  
Common stock authorized (in shares) 3,000,000,000 3,000,000,000     3,000,000,000  
Common stock issued (in dollars per share) 637,387,025 616,026,565        
Common stock outstanding (in dollars per share) 637,387,025 616,026,565        
Parent Company            
ASSETS            
Intangibles - net $ 1 $ 1        
Investment in subsidiaries 2,046 3,202        
TOTAL ASSETS 2,047 3,203        
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Accounts payable and other accrued liabilities 1 0        
Interest payable 1 1        
Convertible senior notes 959 954        
Total liabilities 961 955        
SHAREHOLDERS’ EQUITY:            
Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 637,387,025 and 616,026,565 shares issued, respectively; 637,387,025 and 616,026,565 shares outstanding, respectively 0 0        
Additional paid-in capital 4,148 3,955        
Accumulated deficit (3,058) (1,705)        
Accumulated other comprehensive income (loss) (4) (2)        
Total shareholders’ equity 1,086 2,248        
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,047 $ 3,203        
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001        
Common stock authorized (in shares) 3,000,000,000 3,000,000,000        
Common stock issued (in dollars per share) 637,387,025 616,026,565        
Common stock outstanding (in dollars per share) 637,387,025 616,026,565        
[1] The Company’s consolidated assets at December 31, 2022 and 2021 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Cash and cash equivalents, $— and $9; Restricted cash, $636 and $838; Real estate inventory, net, $4,408 and $6,046; Escrow receivable, $29 and $78; Other current assets, $9 and $35; and Total assets of $5,082 and $7,006, respectively.
[2] The Company’s consolidated liabilities at December 31, 2022 and 2021 include the following liabilities for which the VIE creditors do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $61 and $59; Interest payable, $11 and $11; Current portion of non-recourse asset-backed debt, $1,376 and $4,240; Non-recourse asset-backed debt, net of current portion, $3,020 and $1,862; and Total liabilities, $4,468 and $6,172, respectively.