ZILLOW GROUP INC
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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Cash and Cash Equi valents, Investments, and Restricted Cash
Note 5. Cash and Cash Equivalents, Investments and Restricted Cash
The following table presents the amortized cost and estimated fair market value of our cash and cash equivalents, investments, and restricted cash as of the dates presented (in millions):
| December 31, 2023 | December 31, 2022 | |||
|---|---|---|---|---|
| AmortizedCost | EstimatedFair MarketValue | AmortizedCost | EstimatedFair MarketValue | |
| Cash | $50 | $50 | $128 | $128 |
| Cash equivalents: | ||||
| Money market funds | 1,440 | 1,440 | 1,338 | 1,338 |
| U.S. government treasury securities | 2 | 2 | — | — |
| Short-term investments: | ||||
| U.S. government treasury securities(1) | 1,149 | 1,143 | 1,731 | 1,716 |
| Corporate bonds | 160 | 161 | 162 | 161 |
| U.S. government agency securities | 14 | 14 | 9 | 9 |
| Commercial paper | — | — | 10 | 10 |
| Restricted cash | 3 | 3 | 2 | 2 |
| Total | $2,818 | $2,813 | $3,380 | $3,364 |
| (1)The estimated fair market value includes $6 million and $15 million of gross unrealized losses as of December 31, 2023 and December 31, 2022, respectively. | ||||
The following table presents available-for-sale investments by contractual maturity date as of December 31, 2023 (in millions):
| Amortized Cost | Estimated FairMarket Value | |
|---|---|---|
| Due in one year or less | $472 | $470 |
| Due after one year | 851 | 848 |
| Total | $1,323 | $1,318 |
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