CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2020 |
Dec. 31, 2019 |
| CURRENT ASSETS: |
|
|
| Cash and cash equivalents |
$ 1,412,665
|
$ 405,080
|
| Restricted cash |
92,863
|
279,742
|
| Marketable securities |
47,637
|
43,576
|
| Mortgage loans held for sale pledged under agreements to repurchase |
7,529
|
2,116
|
| Escrow receivable |
1,494
|
13,882
|
| Real estate inventory, net |
465,936
|
1,312,369
|
| Other current assets ($373 and $100 carried at fair value) |
24,987
|
30,879
|
| Total current assets |
2,053,111
|
2,087,644
|
| PROPERTY AND EQUIPMENT- Net |
29,228
|
34,606
|
| RIGHT OF USE ASSETS |
49,517
|
60,681
|
| GOODWILL |
30,945
|
30,945
|
| INTANGIBLES - Net |
8,684
|
12,414
|
| OTHER ASSETS |
4,097
|
5,394
|
| TOTAL ASSETS |
2,175,582
|
2,231,684
|
| CURRENT LIABILITIES: |
|
|
| Accounts payable and other accrued liabilities ($6,440 and $0 carried at fair value) |
25,270
|
32,977
|
| Current portion of credit facilities and other secured borrowings |
346,322
|
1,074,125
|
| Interest payable |
1,081
|
5,808
|
| Lease liabilities, current portion |
20,716
|
13,472
|
| Total current liabilities |
393,389
|
1,126,382
|
| CREDIT FACILITIES - Net of current portion |
135,467
|
221,929
|
| CONVERTIBLE NOTES |
|
140,096
|
| DERIVATIVE AND WARRANT LIABILITIES |
|
46,235
|
| LEASE LIABILITIES - Net of current portion |
46,625
|
48,435
|
| OTHER LIABILITIES |
94
|
208
|
| Total liabilities |
575,575
|
1,583,285
|
| COMMITMENTS AND CONTINGENCIES (See Note 19) |
|
|
| TEMPORARY EQUITY: |
|
|
| Total temporary equity |
|
1,381,502
|
| SHAREHOLDERS' EQUITY (DEFICIT): |
|
|
| Common stock, $0.0001 and $0.00001 par value, respectively; 3,000,000,000 and 485,262,910 shares authorized, respectively; 540,714,692 and 83,748,443 shares issued and outstanding, respectively |
54
|
|
| Additional paid-in capital |
2,677,155
|
57,362
|
| Accumulated deficit |
(1,077,243)
|
(790,483)
|
| Accumulated other comprehensive income |
41
|
18
|
| Total shareholders' equity (deficit) |
1,600,007
|
(733,103)
|
| TOTAL LIABILITIES, TEMPORARY EQUITY, AND SHAREHOLDERS' EQUITY DEFICIT |
$ 2,175,582
|
2,231,684
|
| Series A convertible preferred stock |
|
|
| TEMPORARY EQUITY: |
|
|
| Total temporary equity |
|
9,763
|
| SHAREHOLDERS' EQUITY (DEFICIT): |
|
|
| Total shareholders' equity (deficit) |
|
9,763
|
| Series B convertible preferred stock |
|
|
| TEMPORARY EQUITY: |
|
|
| Total temporary equity |
|
20,049
|
| SHAREHOLDERS' EQUITY (DEFICIT): |
|
|
| Total shareholders' equity (deficit) |
|
20,049
|
| Series C convertible preferred stock |
|
|
| TEMPORARY EQUITY: |
|
|
| Total temporary equity |
|
80,519
|
| SHAREHOLDERS' EQUITY (DEFICIT): |
|
|
| Total shareholders' equity (deficit) |
|
80,519
|
| Series D convertible preferred stock |
|
|
| TEMPORARY EQUITY: |
|
|
| Total temporary equity |
|
257,951
|
| SHAREHOLDERS' EQUITY (DEFICIT): |
|
|
| Total shareholders' equity (deficit) |
|
257,951
|
| Series E convertible preferred stock |
|
|
| TEMPORARY EQUITY: |
|
|
| Total temporary equity |
|
1,013,220
|
| SHAREHOLDERS' EQUITY (DEFICIT): |
|
|
| Total shareholders' equity (deficit) |
|
$ 1,013,220
|