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CONDENSED FINANCIAL INFORMATION - CONDENSED BALANCE SHEETS (Details) - USD ($)
$ / shares in Units, $ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jul. 09, 2021
Dec. 31, 2020
Dec. 21, 2020
ASSETS            
Intangibles - net $ 5 $ 12        
TOTAL ASSETS [1] 3,567 6,608        
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Accounts payable and other accrued liabilities 64 110        
Total liabilities [2] 2,600 5,522        
SHAREHOLDERS’ EQUITY:            
Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 677,636,163 and 637,387,025 shares issued, respectively; 677,636,163 and 637,387,025 shares outstanding, respectively 0 0        
Additional paid-in capital 4,301 4,148        
Accumulated deficit (3,333) (3,058)        
Accumulated other comprehensive income (loss) (1) (4)        
Total shareholders’ equity 967 1,086 $ 2,248   $ 1,553  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,567 $ 6,608        
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 shares) 677,636,163 637,387,025        
Common stock outstanding (in shares) 677,636,163 637,387,025        
Parent Company            
ASSETS            
Intangibles - net $ 1 $ 1        
Investment in subsidiaries 1,342 2,046        
TOTAL ASSETS 1,343 2,047        
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Accounts payable and other accrued liabilities 0 1        
Interest payable 0 1        
Convertible senior notes 376 959        
Total liabilities 376 961        
SHAREHOLDERS’ EQUITY:            
Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 677,636,163 and 637,387,025 shares issued, respectively; 677,636,163 and 637,387,025 shares outstanding, respectively 0 0        
Additional paid-in capital 4,301 4,148        
Accumulated deficit (3,333) (3,058)        
Accumulated other comprehensive income (loss) (1) (4)        
Total shareholders’ equity 967 1,086        
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,343 $ 2,047        
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 shares) 677,636,163 637,387,025        
Common stock outstanding (in shares) 677,636,163 637,387,025        
[1] The Company’s consolidated assets at December 31, 2023 and 2022 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash, $530 and $636; Real estate inventory, net, $1,735 and $4,408; Escrow receivable, $8 and $29; Other current assets, $10 and $9; and Total assets of $2,283 and $5,082, respectively.
[2] The Company’s consolidated liabilities at December 31, 2023 and 2022 include the following liabilities for which the VIE creditors do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $28 and $61; Interest payable, $1 and $11; Current portion of non-recourse asset-backed debt, $— and $1,376; Non-recourse asset-backed debt, net of current portion, $2,134 and $3,020; and Total liabilities, $2,163 and $4,468, respectively.