ZILLOW GROUP INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 6, 2024
ZG$31.28+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in millions, except share data, unaudited)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,072 | $1,492 |
| Short-term investments | 1,101 | 1,318 |
| Accounts receivable, net | 117 | 96 |
| Mortgage loans held for sale | 164 | 100 |
| Prepaid expenses and other current assets | 212 | 140 |
| Restricted cash | 3 | 3 |
| Total current assets | 2,669 | 3,149 |
| Contract cost assets | 24 | 23 |
| Property and equipment, net | 356 | 328 |
| Right of use assets | 61 | 73 |
| Goodwill | 2,818 | 2,817 |
| Intangible assets, net | 211 | 241 |
| Other assets | 20 | 21 |
| Total assets | $6,159 | $6,652 |
| Liabilities and shareholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $53 | $28 |
| Accrued expenses and other current liabilities | 114 | 107 |
| Accrued compensation and benefits | 49 | 47 |
| Borrowings under credit facilities | 148 | 93 |
| Deferred revenue | 57 | 52 |
| Lease liabilities, current portion | 15 | 37 |
| Convertible senior notes, current portion | 418 | 607 |
| Total current liabilities | 854 | 971 |
| Lease liabilities, net of current portion | 86 | 95 |
| Convertible senior notes, net of current portion | 497 | 1,000 |
| Other long-term liabilities | 66 | 60 |
| Total liabilities | 1,503 | 2,126 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding | — | — |
| Class A common stock, $0.0001 par value; authorized — 1,245,000,000 shares; issued and outstanding — 54,324,808 and 55,282,702 shares as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Class B common stock, $0.0001 par value; authorized — 15,000,000 shares; issued and outstanding — 6,217,447 shares | — | — |
| Class C capital stock, $0.0001 par value; authorized — 600,000,000 shares; issued and outstanding — 172,993,333 and 171,853,566 shares as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 6,482 | 6,301 |
| Accumulated other comprehensive income (loss) | 4 | (5) |
| Accumulated deficit | (1,830) | (1,770) |
| Total shareholders’ equity | 4,656 | 4,526 |
| Total liabilities and shareholders’ equity | $6,159 | $6,652 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.