ZILLOW GROUP, INC. ZG Income Statement

Zillow group, inc. (ZG)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14
Revenue:
Revenue
3,414,554	2,742,837	2,164,225	1,762,111	1,487,779	1,333,554	1,250,549	1,189,294	1,130,898	1,076,794	1,022,076	964,829	906,382	846,589	788,347	740,520	703,386	644,677	567,636	479,517	386,923	325,893	0	0	0
Cost of revenue (exclusive of amortization)
Cost of revenue
2,042,345	1,432,021	889,876	526,713	281,019	153,590	108,677	94,157	88,890	85,203	81,350	76,806	73,291	69,262	64,174	63,019	63,311	60,127	55,334	46,560	36,316	29,461	0	0	0
Sales and marketing
757,189	714,128	669,236	616,623	576,917	552,621	517,687	496,061	479,552	448,201	434,775	420,847	389,258	382,419	370,763	359,627	347,940	308,125	267,709	233,128	193,615	169,462	0	0	0
Technology and development
504,495	477,347	463,269	444,609	424,655	410,818	384,810	362,885	341,050	319,985	302,118	283,225	268,080	255,583	229,957	219,179	207,523	184,477	170,420	137,491	105,259	84,669	0	0	0
General and administrative
362,687	366,176	341,864	324,114	301,854	262,153	245,173	228,656	221,423	210,816	200,870	189,269	319,682	332,007	344,653	344,700	204,751	184,984	145,041	118,126	88,838	65,503	0	0	0
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount
0	-	0	-	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related costs
-	-	647	2,052	-	2,332	2,134	947	358	463	899	774	935	1,423	1,322	3,217	4,692	16,576	29,344	27,540	0	-	0	0	-
Integration costs
298	650	2,115	2,633	2,340	2,015	550	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Gain on divestiture of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-
Total costs and expenses
3,743,814	2,990,322	2,435,655	1,995,392	1,668,117	1,462,529	1,443,031	1,356,733	1,305,300	1,238,668	1,020,012	969,670	1,049,995	1,039,443	1,010,252	997,944	843,071	794,208	702,042	602,487	483,063	370,588	0	0	0
Loss from operations
-329,260	-247,485	-271,430	-233,281	-180,338	-128,975	-192,482	-167,439	-174,402	-161,874	2,064	-4,841	-143,613	-192,854	-221,905	-257,424	-139,685	-149,531	-134,406	-122,970	-96,140	-44,695	0	0	0
Other income
40,083	39,658	33,587	32,361	25,992	19,270	14,723	8,357	6,878	5,385	4,686	3,840	2,983	2,711	2,411	2,216	1,913	1,501	1,402	1,301	1,135	1,085	0	0	0
Interest expense
122,918	101,792	76,192	62,358	50,648	41,255	33,919	28,157	27,867	27,517	23,194	17,883	12,558	7,408	6,329	6,324	6,332	5,489	0	0	0	-	-	-	-
Loss before income taxes
-412,095	-309,619	-314,035	-263,278	-204,994	-150,960	-211,678	-187,239	-195,391	-184,006	-39,201	-41,641	-175,945	-220,308	-225,823	-261,532	-144,104	-153,519	-141,984	0	0	-	0	-	-
Income tax benefit
-10,958	-4,258	-12,202	-25,602	-36,202	-31,102	-112,327	-97,586	-86,986	-89,586	1,535	1,494	1,494	130	-4,217	0	0	-	0	-	-	-	-	-	-
Net loss
-401,109	-305,361	-301,833	-237,676	-168,792	-119,858	-99,351	-89,653	-108,405	-94,420	-40,736	-43,135	-177,439	-220,438	-222,667	-255,523	-138,095	-148,874	-134,051	-123,979	-95,735	-43,610	0	0	0
Net loss per share - basic and diluted (usd per share)
-0.78	-0.49	-0.31	-0.35	-0.33	-0.49	0.00	-0.02	-0.10	-0.41	0.05	-0.12	-0.03	-0.12	0.04	-0.87	-0.27	-0.11	-0.15	-0.22	-0.40	0.19	-0.13	-0.26	-0.16
Weighted-average shares outstanding - basic (in shares)
-	-	-	-	-	-	-	-	-	-	187,692	-	-	-	180,583	-	-	-	177,098	-	-	-	-	-	-
Weighted-average shares outstanding - diluted (in shares)
-	-	-	-	-	-	-	-	-	-	196,425	-	-	-	189,661	-	-	-	177,098	-	-	-	-	-	-
Weighted-average shares outstanding - basic and diluted (in shares)
210,674	208,250	207,002	205,754	204,514	203,741	202,416	194,155	191,464	-	-	185,439	183,158	-	-	179,451	178,686	-	-	176,142	147,390	280,098	120,888	39,800	39,322
Amortization of website development costs and intangible assets included in technology and development
0	-	74,809	75,709	0	-	61,992	73,529	84,088	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Homes
Revenue
0	-	803,369	429,761	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing
0	-	119,005	74,469	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology and development
0	-	60,255	45,732	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
0	-	65,801	49,637	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related costs
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Integration costs
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
0	-	1,017,956	582,163	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from operations
0	-	-200,847	-132,727	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	-	19,778	10,089	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income taxes
0	-	-235,678	-164,236	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IMT
Revenue
1,309,290	1,276,896	1,257,939	1,236,287	1,218,559	1,201,143	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
98,589	98,522	99,251	100,119	98,350	96,693	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing
482,428	488,909	499,152	498,160	500,692	502,785	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology and development
372,828	365,769	369,620	368,894	365,764	363,712	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
231,540	243,636	238,531	243,460	241,227	220,564	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related costs
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Integration costs
0	0	-27	-27	-27	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
1,259,285	1,196,836	1,271,554	1,285,633	1,281,033	1,258,781	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from operations
50,005	80,060	50,161	8,218	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
0	0	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	0	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income taxes
50,005	80,060	-13,615	-49,346	-62,474	-57,638	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgages Segment
Revenue
98,613	100,691	102,917	96,063	88,383	80,046	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
18,631	18,154	17,598	14,137	10,944	7,505	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing
52,400	53,585	52,528	45,443	38,519	32,702	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology and development
32,416	32,584	33,322	29,911	27,495	25,755	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
40,676	41,133	38,956	32,441	26,046	19,587	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Integration costs
298	650	2,142	2,660	2,367	2,015	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
147,321	146,106	148,814	130,265	111,676	93,869	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from operations
-48,708	-45,415	-33,322	-20,648	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
1,298	1,409	1,059	715	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
1,081	956	668	388	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income taxes
-48,491	-44,962	-45,394	-33,763	-22,969	-13,711	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgages
Acquisition-related costs
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technology and Development
Amortization of website development costs and intangible assets included in technology and development
64,721	61,937	62,466	64,796	71,160	79,309	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-