LendingClub Corporation (LC) financial statements (2020 and earlier)

Company profile

Business Address 595 MARKET STREET
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments244373402516 870
Cash and cash equivalents244373402516 870
Total current assets:244373402516 870
Noncurrent Assets
Operating lease, right-of-use asset93
Property, plant and equipment11411410289 27
Intangible assets, net (including goodwill)15185862 109
Goodwill  3636 73
Intangible assets, net (excluding goodwill)15182226 36
Total noncurrent assets:222132159151 136
Other undisclosed assets2,5163,3154,0804,896 2,884
TOTAL ASSETS:2,9823,8204,6415,563 3,890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred compensation liability   3  
Total current liabilities:   3  
Noncurrent Liabilities
Other undisclosed liabilities2,0822,9493,7134,584 2,917
Total liabilities:2,0822,9493,7134,587 2,917
Stockholders' equity
Stockholders' equity attributable to parent900869922976 973
Common stock1444 4
Treasury stock, value(20)(19)(19)(19)  
Additional paid in capital1,4681,4021,3271,226 1,053
Accumulated other comprehensive income (loss)(1)0(0)(1)  
Accumulated deficit(548)(518)(389)(234) (83)
Stockholders' equity attributable to noncontrolling interest 25   
Total stockholders' equity:900871928976 973
TOTAL LIABILITIES AND EQUITY:2,9823,8204,6415,563 3,890

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net investment income345487611697 354
Financial services revenue472423 194
Gross profit:759695575501 211
Operating expenses(789)(823)(728)(651) (243)
Other operating expense, net
(Noninterest Income, Other Operating Income)
     (1)
Operating loss:(31)(128)(153)(150) (33)
Interest and debt expense(247)(386)(571)(688) (357)
Other undisclosed income from continuing operations before equity method investments, income taxes247386571688 358
Loss from continuing operations before equity method investments, income taxes:(31)(128)(153)(150) (32)
Other undisclosed income (loss) from continuing operations before income taxes(0)(0)0   
Loss from continuing operations before income taxes:(31)(128)(153)(150) (32)
Income tax expense (benefit)0(0)(1)4 (1)
Loss before gain (loss) on sale of properties:(31)(128)(154)(146) (33)
Other undisclosed net income (loss)00(0)   
Net loss:(31)(128)(154)(146) (33)
Net income (loss) attributable to noncontrolling interest(0)(0)0   
Net loss available to common stockholders, diluted:(31)(128)(154)(146) (33)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(31)(128)(154)(146) (33)
Other comprehensive income (loss)(1)01   
Other undisclosed comprehensive income (loss)(0)(0)0   
Comprehensive loss:(31)(128)(153)(146) (33)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)   
Other undisclosed comprehensive income, net of tax, attributable to parent   1  
Comprehensive loss, net of tax, attributable to parent:(31)(128)(153)(145) (33)

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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