LendingClub Corporation (LC) financial statements (2022 and earlier)

Company profile

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

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments687525244373402516624
Cash and cash equivalents687525244373402516624
Total current assets:687525244373402516624
Noncurrent Assets
Operating lease, right-of-use asset777493
Property, plant and equipment98971141141028956
Intangible assets, net (including goodwill)971115185862104
Goodwill76   363673
Intangible assets, net (excluding goodwill)21111518222631
Total noncurrent assets:272182222132159151160
Other undisclosed assets3,9411,1562,5163,3154,0804,8965,011
TOTAL ASSETS:4,9001,8632,9823,8204,6415,5635,794
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt28      
Deferred compensation liability     3 
Total current liabilities:28    3 
Noncurrent Liabilities
Other undisclosed liabilities4,0221,1392,0822,9493,7134,5844,752
Total liabilities:4,0501,1392,0822,9493,7134,5874,752
Stockholders' equity
Stockholders' equity attributable to parent8507249008699229761,042
Common stock1114444
Treasury stock, value  (20)(19)(19)(19) 
Additional paid in capital1,6101,5081,4681,4021,3271,2261,128
Accumulated other comprehensive income (loss)71(1)0(0)(1)(2)
Accumulated deficit(768)(786)(548)(518)(389)(234)(88)
Stockholders' equity attributable to noncontrolling interest   25  
Total stockholders' equity:8507249008719289761,042
TOTAL LIABILITIES AND EQUITY:4,9001,8632,9823,8204,6415,5635,794

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues35315759695575501430
Net investment income35210345487611697553
Financial services revenue472423374
Cost of revenue(183)      
Cost of goods and services sold(44)      
Provision for loan, lease, and other losses(139)   
Gross profit:(148)315759695575501430
Operating expenses(228)(502)(789)(823)(728)(651)(432)
Other operating expense, net(18)      
Noninterest income, other operating income27      
Other expenses(45)      
Operating loss:(394)(188)(31)(128)(153)(150)(2)
Interest and debt expense(80)(142)(247)(386)(571)(688)(550)
Other undisclosed income from continuing operations before equity method investments, income taxes 142247386571688550
Loss from continuing operations before equity method investments, income taxes:(474)(188)(31)(128)(153)(150)(2)
Other undisclosed income (loss) from continuing operations before income taxes 0(0)(0)0  
Loss from continuing operations before income taxes:(474)(188)(31)(128)(153)(150)(2)
Income tax expense (benefit)000(0)(1)4(3)
Loss before gain (loss) on sale of properties:(474)(188)(31)(128)(154)(146)(5)
Other undisclosed net income (loss)  00(0)  
Net loss:(474)(188)(31)(128)(154)(146)(5)
Net income (loss) attributable to noncontrolling interest  (0)(0)0  
Other undisclosed net income (loss) attributable to parent492(0)     
Net income (loss) available to common stockholders, diluted:19(188)(31)(128)(154)(146)(5)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(474)(188)(31)(128)(154)(146)(5)
Other comprehensive income (loss)62(1)01  
Other undisclosed comprehensive income (loss)492(0)(0)(0)0  
Comprehensive income (loss):24(185)(31)(128)(153)(146)(5)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  0(0)(0)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     1(2)
Comprehensive income (loss), net of tax, attributable to parent:24(185)(31)(128)(153)(145)(7)

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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