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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net loss $ (188.3) $ (212.4)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18.7 13.5
Stock-based compensation 63.8 167.5
Equity in loss of unconsolidated entity 2.1 0.0
Change in acquisition related contingent consideration 0.4 (3.2)
Bad debt expense 1.5 3.0
Amortization of debt issuance costs 0.3 0.3
Changes in operating assets and liabilities:    
Accounts receivable (18.6) (2.0)
Compass Concierge receivables (14.8) (0.7)
Other current assets (9.9) (10.7)
Other non-current assets (1.5) (7.4)
Operating lease right-of-use assets and operating lease liabilities 11.6 1.1
Accounts payable 3.3 (3.9)
Commissions payable 15.2 (7.9)
Accrued expenses and other liabilities 5.2 15.5
Net cash used in operating activities (111.0) (47.3)
Investing Activities    
Investment in unconsolidated entity (5.0) 0.0
Capital expenditures (20.8) (10.0)
Payments for acquisitions, net of cash acquired (3.8) (59.2)
Net cash used in investing activities (29.6) (69.2)
Financing Activities    
Proceeds from exercise and early exercise of stock options 5.5 14.4
Taxes paid related to net share settlement of equity awards (7.4) 0.0
Proceeds from drawdowns on Concierge credit facility 9.2 6.3
Repayments of drawdowns on Concierge credit facility (7.1) (4.5)
Payments of contingent consideration related to acquisitions (2.0) (6.3)
Payments of debt issuance costs for credit facilities 0.0 (1.4)
Payments of deferred offering costs 0.0 (2.5)
Net cash (used in) provided by financing activities (1.8) 6.0
Net decrease in cash and cash equivalents (142.4) (110.5)
Cash and cash equivalents at beginning of period 618.3 440.1
Cash and cash equivalents at end of period 475.9 329.6
Supplemental disclosures of cash flow information:    
Cash paid for interest 0.4 0.1
Supplemental non-cash information:    
Issuance of common stock for acquisitions 0.0 4.3
Conversion of Series D convertible preferred stock $ 0.0 $ 67.6