LendingClub Corporation (LC) Financial Statements (2024 and earlier)

Company Profile

Business Address 595 MARKET STREET
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6141 - Personal Credit Institutions (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,252,5041,057,030687,126524,963243,779372,974
Cash and cash equivalents1,252,5041,057,030687,126524,963243,779372,974
Financing receivable, accrued interest, after allowance for credit loss32,20027,900  
Total current assets:1,284,7041,084,930687,126524,963243,779372,974
Noncurrent Assets
Operating lease, right-of-use asset26,61163,87277,31674,03793,485
Property, plant and equipment161,517136,47397,99696,641114,370113,875
Intangible assets, net (including goodwill)87,85292,05196,89811,42714,54918,048
Goodwill75,71775,71775,717   
Intangible assets, net (excluding goodwill)12,13516,33421,18111,42714,54918,048
Deferred income tax assets151,411173,687   
Total noncurrent assets:427,391466,083272,210182,105222,404131,923
Other undisclosed assets7,115,3686,428,7343,940,9831,156,2252,516,1583,314,630
TOTAL ASSETS:8,827,4637,979,7474,900,3191,863,2932,982,3413,819,527
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  2,61927,780   
Total current liabilities:  2,61927,780   
Noncurrent Liabilities
Other undisclosed liabilities7,575,6416,812,8344,022,2971,139,1222,082,1542,948,546
Total liabilities:7,575,6416,815,4534,050,0771,139,1222,082,1542,948,546
Equity
Equity, attributable to parent1,251,8221,164,294850,242724,171900,187869,201
Common stock1,1041,0651,0108818924,319
Treasury stock, value     (19,550)(19,485)
Additional paid in capital1,669,8281,628,5901,609,8201,508,0201,467,8821,401,937
Accumulated other comprehensive income (loss)(30,304)(37,616)7,0461,484(565)157
Accumulated deficit(388,806)(427,745)(767,634)(786,214)(548,472)(517,727)
Equity, attributable to noncontrolling interest      1,780
Total equity:1,251,8221,164,294850,242724,171900,187870,981
TOTAL LIABILITIES AND EQUITY:8,827,4637,979,7474,900,3191,863,2932,982,3413,819,527

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues171,43857,63935,146314,702758,607694,812
Net investment income171,43857,63935,146209,694345,345487,462
Cost of revenue(290,760)(311,157)(183,085)   
Cost of goods and services sold(47,195)(43,831)(44,285)   
Provision for loan, lease, and other losses(243,565)(267,326)(138,800)   
Gross profit:(119,322)(253,518)(147,939)314,702758,607694,812
Operating expenses(146,545)(270,240)(227,963)(502,319)(789,498)(822,922)
Other operating income (expense), net11,297(14,750)(17,825)   
Noninterest income, other operating income11,29728,76527,219   
Other expenses (43,515)(45,044)   
Operating loss:(254,570)(538,508)(393,727)(187,617)(30,891)(128,110)
Interest and debt expense(270,792)(82,515)(80,001)(141,503)(246,587)(385,605)
Other undisclosed income from continuing operations before equity method investments, income taxes    141,503246,587385,605
Loss from continuing operations before equity method investments, income taxes:(525,362)(621,023)(473,728)(187,617)(30,891)(128,110)
Other undisclosed income (loss) from continuing operations before income taxes579,979774,060 17(9)(190)
Income (loss) from continuing operations before income taxes:54,617153,037(473,728)(187,600)(30,900)(128,300)
Income tax expense (benefit)(15,678)136,64813679201(43)
Income (loss) from continuing operations:38,939289,685(473,592)(187,521)(30,699)(128,343)
Loss before gain (loss) on sale of properties:(473,592)(187,521)(30,699)(128,343)
Other undisclosed net income     9190
Net income (loss):38,939289,685(473,592)(187,521)(30,690)(128,153)
Net loss attributable to noncontrolling interest     (55)(155)
Other undisclosed net income (loss) attributable to parent   492,172(17)  
Net income (loss) available to common stockholders, diluted:38,939289,68518,580(187,538)(30,745)(128,308)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):38,939289,685(473,592)(187,521)(30,690)(128,153)
Other comprehensive income (loss)7,312(44,662)5,5622,049(742)169
Other undisclosed comprehensive income (loss)   492,172(17)(55)(155)
Comprehensive income (loss):46,251245,02324,142(185,489)(31,487)(128,139)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     20(7)
Comprehensive income (loss), net of tax, attributable to parent:46,251245,02324,142(185,489)(31,467)(128,146)

Statements Sources

The financial statements are based on the Company's filings with 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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