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)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,057,030 | 687,126 | 524,963 | 243,779 | 372,974 | 401,719 | |||
| Cash and cash equivalents | 1,057,030 | 687,126 | 524,963 | 243,779 | 372,974 | 401,719 | |||
| Financing receivable, accrued interest, after allowance for credit loss | 27,900 | ✕ | ✕ | ✕ | |||||
| Total current assets: | 1,084,930 | 687,126 | 524,963 | 243,779 | 372,974 | 401,719 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 63,872 | 77,316 | 74,037 | 93,485 | ✕ | ✕ | |||
| Property, plant and equipment | 136,473 | 97,996 | 96,641 | 114,370 | 113,875 | 101,933 | |||
| Intangible assets, net (including goodwill) | 92,051 | 96,898 | 11,427 | 14,549 | 18,048 | 57,556 | |||
| Goodwill | 75,717 | 75,717 | 35,633 | ||||||
| Intangible assets, net (excluding goodwill) | 16,334 | 21,181 | 11,427 | 14,549 | 18,048 | 21,923 | |||
| Deferred income tax assets | 173,687 | ✕ | ✕ | ||||||
| Total noncurrent assets: | 466,083 | 272,210 | 182,105 | 222,404 | 131,923 | 159,489 | |||
| Other undisclosed assets | 6,428,734 | 3,940,983 | 1,156,225 | 2,516,158 | 3,314,630 | 4,079,623 | |||
| TOTAL ASSETS: | 7,979,747 | 4,900,319 | 1,863,293 | 2,982,341 | 3,819,527 | 4,640,831 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,619 | 27,780 | |||||||
| Total current liabilities: | 2,619 | 27,780 | |||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 6,812,834 | 4,022,297 | 1,139,122 | 2,082,154 | 2,948,546 | 3,713,074 | |||
| Total liabilities: | 6,815,453 | 4,050,077 | 1,139,122 | 2,082,154 | 2,948,546 | 3,713,074 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,164,294 | 850,242 | 724,171 | 900,187 | 869,201 | 922,495 | |||
| Common stock | 1,065 | 1,010 | 881 | 892 | 4,319 | 4,198 | |||
| Treasury stock, value | (19,550) | (19,485) | (19,485) | ||||||
| Additional paid in capital | 1,628,590 | 1,609,820 | 1,508,020 | 1,467,882 | 1,401,937 | 1,327,206 | |||
| Accumulated other comprehensive income (loss) | (37,616) | 7,046 | 1,484 | (565) | 157 | (5) | |||
| Accumulated deficit | (427,745) | (767,634) | (786,214) | (548,472) | (517,727) | (389,419) | |||
| Equity, attributable to noncontrolling interest | 1,780 | 5,262 | |||||||
| Total equity: | 1,164,294 | 850,242 | 724,171 | 900,187 | 870,981 | 927,757 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,979,747 | 4,900,319 | 1,863,293 | 2,982,341 | 3,819,527 | 4,640,831 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 57,639 | 35,146 | 314,702 | 758,607 | 694,812 | 574,540 | ||
| Net investment income | 57,639 | 35,146 | 209,694 | 345,345 | 487,462 | 611,259 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 471,978 | |
| Cost of revenue | (311,157) | (183,085) | ||||||
| Cost of goods and services sold | (43,831) | (44,285) | ||||||
| Provision for loan, lease, and other losses | (267,326) | (138,800) | ✕ | |||||
| Gross profit: | (253,518) | (147,939) | 314,702 | 758,607 | 694,812 | 574,540 | ||
| Operating expenses | (270,240) | (227,963) | (502,319) | (789,498) | (822,922) | (727,953) | ||
| Other operating income (expense), net | (14,750) | (17,825) | ||||||
| Noninterest income, other operating income | 28,765 | 27,219 | ||||||
| Other expenses | (43,515) | (45,044) | ||||||
| Operating loss: | (538,508) | (393,727) | (187,617) | (30,891) | (128,110) | (153,413) | ||
| Interest and debt expense | (82,515) | (80,001) | (141,503) | (246,587) | (385,605) | (571,424) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 141,503 | 246,587 | 385,605 | 571,424 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (621,023) | (473,728) | (187,617) | (30,891) | (128,110) | (153,413) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 774,060 | 17 | (9) | (190) | 213 | |||
| Income (loss) from continuing operations before income taxes: | 153,037 | (473,728) | (187,600) | (30,900) | (128,300) | (153,200) | ||
| Income tax expense (benefit) | 136,648 | 136 | 79 | 201 | (43) | (632) | ||
| Income (loss) from continuing operations: | 289,685 | (473,592) | (187,521) | (30,699) | (128,343) | (153,832) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (473,592) | (187,521) | (30,699) | (128,343) | (153,832) | |
| Other undisclosed net income (loss) | 9 | 190 | (213) | |||||
| Net income (loss): | 289,685 | (473,592) | (187,521) | (30,690) | (128,153) | (154,045) | ||
| Net income (loss) attributable to noncontrolling interest | (55) | (155) | 210 | |||||
| Other undisclosed net income (loss) attributable to parent | 492,172 | (17) | ||||||
| Net income (loss) available to common stockholders, diluted: | 289,685 | 18,580 | (187,538) | (30,745) | (128,308) | (153,835) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 289,685 | (473,592) | (187,521) | (30,690) | (128,153) | (154,045) | ||
| Other comprehensive income (loss) | (44,662) | 5,562 | 2,049 | (742) | 169 | 775 | ||
| Other undisclosed comprehensive income (loss) | 492,172 | (17) | (55) | (155) | 210 | |||
| Comprehensive income (loss): | 245,023 | 24,142 | (185,489) | (31,487) | (128,139) | (153,060) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 20 | (7) | (13) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 245,023 | 24,142 | (185,489) | (31,467) | (128,146) | (153,073) | ||
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.