v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net loss $ (112) $ (158) $ (101)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 240 187 157
Share-based compensation 448 451 451
Amortization of right of use assets 10 35 23
Amortization of contract cost assets 19 21 30
Amortization of debt discount and debt issuance costs 4 5 26
Loss (gain) on extinguishment of debt 1 (1) 21
Impairment and restructuring costs 6 16 0
Accretion of bond discount (27) (35) (18)
Other adjustments to reconcile net loss to net cash provided by operating activities 14 (2) 24
Changes in operating assets and liabilities:      
Accounts receivable (8) (24) 82
Mortgage loans held for sale (59) (59) 66
Inventory 0 0 3,904
Prepaid expenses and other assets (74) (17) 6
Contract cost assets (21) (21) (18)
Lease liabilities (35) (30) (21)
Accounts payable 2 6 3
Accrued expenses and other current liabilities 0 (18) (71)
Accrued compensation and benefits 10 (1) (60)
Deferred revenue 8 1 (7)
Other long-term liabilities 2 (2) 7
Net cash provided by operating activities 428 354 4,504
Investing activities      
Proceeds from maturities of investments 1,042 1,287 802
Proceeds from sales of investments 237 0 0
Purchases of investments (706) (664) (2,191)
Purchases of property and equipment (143) (135) (115)
Purchases of intangible assets (28) (30) (25)
Cash paid for acquisitions, net (7) (433) (4)
Net cash provided by (used in) investing activities 395 25 (1,533)
Financing activities      
Repayments of borrowings on credit facilities 0 0 (2,206)
Net borrowings (repayments) on warehouse line of credit and repurchase agreements 52 56 (76)
Repurchases of Class A common stock and Class C capital stock (301) (424) (947)
Settlement of long-term debt (1,196) (56) (1,158)
Proceeds from exercise of stock options 212 72 46
Net cash used in financing activities (1,233) (352) (4,341)
Net increase (decrease) in cash, cash equivalents and restricted cash during period (410) 27 (1,370)
Cash, cash equivalents and restricted cash at beginning of period 1,495 1,468 2,838
Cash, cash equivalents and restricted cash at end of period 1,085 1,495 1,468
Supplemental disclosures of cash flow information      
Cash paid for interest 35 28 50
Cash paid for taxes 6 6 6
Noncash transactions:      
Write-off of fully depreciated property and equipment 85 63 53
Capitalized share-based compensation 72 73 51
Write-off of fully amortized intangible assets 24 5 203
Initial fair value of contingent consideration recognized in connection with an acquisition 0 81 0
Value of Class C capital stock issued in connection with an acquisition 0 20 0
Settlement of beneficial interests in securitizations $ 0 $ 0 $ (79)