ZILLOW GROUP INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
ZG$29.51-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in millions, unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(23) | $(22) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 56 | 40 |
| Share-based compensation | 108 | 103 |
| Amortization of right of use assets | 3 | 6 |
| Amortization of contract cost assets | 5 | 6 |
| Amortization of debt issuance costs | 2 | 1 |
| Impairment costs | 6 | 6 |
| Accretion of bond discount | (8) | (10) |
| Other adjustments to reconcile net loss to net cash provided by operating activities | 1 | 2 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4) | (3) |
| Mortgage loans held for sale | (32) | (7) |
| Prepaid expenses and other assets | (30) | (27) |
| Contract cost assets | (5) | (6) |
| Lease liabilities | (13) | (8) |
| Accounts payable | 6 | — |
| Accrued expenses and other current liabilities | — | 10 |
| Accrued compensation and benefits | — | (3) |
| Deferred revenue | 6 | 5 |
| Other long-term liabilities | 2 | — |
| Net cash provided by operating activities | 80 | 93 |
| Investing activities | ||
| Proceeds from maturities of investments | 139 | 433 |
| Purchases of investments | (297) | (490) |
| Purchases of property and equipment | (39) | (31) |
| Purchases of intangible assets | (7) | (9) |
| Net cash used in investing activities | (204) | (97) |
| Financing activities | ||
| Net borrowings on warehouse line of credit and repurchase agreements | 30 | 5 |
| Repurchases of Class A common stock and Class C capital stock | (9) | (86) |
| Proceeds from exercise of stock options | 50 | 13 |
| Net cash provided by (used in) financing activities | 71 | (68) |
| Net decrease in cash, cash equivalents and restricted cash during period | (53) | (72) |
| Cash, cash equivalents and restricted cash at beginning of period | 1,495 | 1,468 |
| Cash, cash equivalents and restricted cash at end of period | $1,442 | $1,396 |
| Supplemental disclosures of cash flow information | ||
| Noncash transactions: | ||
| Capitalized share-based compensation | $19 | $18 |
| Write-off of fully depreciated property and equipment | 9 | 7 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.