Zillow Group (Z) Financials

Zillow Group Inc (Z) is a leading online real estate marketplace that provides data-driven services to buyers, sellers, and renters. The company's income statement reflects its financial performance and shows its revenue, expenses, and net income. In the most recent fiscal year, Zillow Group reported total revenue of $3.3 billion, a 106% increase compared to the previous year. This growth was driven by strong demand for its real estate services and increased usage of its online platform. Gross profit for the year was $1.5 billion, resulting in a gross margin of 46%. Net income from stockholders was $277 million, demonstrating the company's profitability and ability to generate returns for its shareholders. Zillow Group's EBIT (earnings before interest and taxes) was $206 million, while EBITDA (earnings before interest, taxes, depreciation, and amortization) was $397 million. These metrics indicate the company's operating performance and its ability to generate profits from its core business operations.

Turning to Zillow Group's balance sheet, the company had total assets of $6.2 billion and total liabilities of $4.4 billion. With stockholders' equity of $1.8 billion, Zillow Group has a strong financial position and a solid foundation for future growth. Cash equivalents, which include highly liquid investments with short-term maturities, amounted to $1 billion, providing the company with liquidity and flexibility. However, Zillow Group also has net debt of $2.3 billion, reflecting its borrowing activities and financial obligations. Despite this debt, the company's strong cash flow and revenue growth give it the ability to service its debt and invest in future initiatives.

In terms of cash flow, Zillow Group's operating cash flow for the year was $320 million, indicating the company's ability to generate cash from its day-to-day operations. The company's investing cash flow was -$399 million, primarily driven by investments in property, plant, and equipment to support its operations and expansion. Zillow Group's financing cash flow was -$38 million, mainly due to repayments of debt and stock repurchases. Free cash flow, a measure of a company's ability to generate cash after accounting for capital expenditures, was -$79 million. This negative free cash flow reflects the company's investment in growth opportunities and strategic initiatives.

Zillow Group Inc (Z) is committed to providing innovative real estate solutions and driving the digital transformation of the industry. Its strong financial performance, robust revenue growth, and solid balance sheet position the company for continued success in the dynamic real estate market.