Offerpad Solutions Inc. (OPAD) financial statements (2022 and earlier)

Company profile

Business Address 4520 DEXTER STREET, N.W.
WASHINGTON, DC 20007
State of Incorp. DE
Fiscal Year End December 31
SIC 6531 - Real Estate Agents and Managers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1701
Cash and cash equivalents1701
Restricted cash and investments25 
Receivables6 
Inventory, net of allowances, customer advances and progress billings1,133 
Inventory1,133 
Prepaid expense 0
Other undisclosed current assets10 
Total current assets:1,3431
Noncurrent Assets
Property, plant and equipment5 
Other noncurrent assets5 
Other undisclosed noncurrent assets 403
Total noncurrent assets:10403
TOTAL ASSETS:1,353404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities320
Accounts payable60
Accrued liabilities90
Employee-related liabilities13 
Taxes payable 0
Interest and dividends payable4 
Debt862 
Other undisclosed current liabilities174 
Total current liabilities:1,0680
Noncurrent Liabilities
Long-term debt and lease obligation8 
Long-term debt, excluding current maturities4 
Operating lease, liability4 
Liabilities, other than long-term debt 50
Derivative instruments and hedges, liabilities 50
Other undisclosed noncurrent liabilities1614
Total noncurrent liabilities:2864
Total liabilities:1,09664
Stockholders' equity
Stockholders' equity attributable to parent, including:2585
Additional paid in capital39030
Accumulated deficit(132)(25)
Other undisclosed stockholders' equity attributable to parent00
Other undisclosed stockholders' equity 335
Total stockholders' equity:258340
TOTAL LIABILITIES AND EQUITY:1,353404

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
Revenues2,070 
Cost of revenue(1,863) 
Gross profit:208 
Operating expenses(188) 
Operating income:20 
Nonoperating expense(13) 
Interest and debt expense(16) 
Loss from continuing operations before equity method investments, income taxes:(9) 
Other undisclosed income from continuing operations before income taxes16 
Income from continuing operations before income taxes:7 
Income tax expense(0) 
Net income available to common stockholders, diluted:6 

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net income:6 
Comprehensive income, net of tax, attributable to parent:6 

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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