← LendingClub Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($146.0m) | ($153.8m) | ($128.3m) | ($30.7m) | ($187.5m) | $18.6m | $289.7m | $38.9m | $51.3m | $135.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($146.0m) | — | — | — | — | $18.6m | $289.7m | $38.9m | $51.3m | $135.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($154.0m) | ($128.2m) | ($30.7m) | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($210k) | $155k | $55k | $0 | $0 | — | — | — | — | |
| Depreciation, Depletion and Amortization | $29.9m | $46.2m | $54.8m | $59.2m | $54.0m | $5.6m | $43.8m | $47.2m | $58.8m | $62.9m | |
| Amortization of Intangible Assets | $4.8m | $4.3m | $3.9m | $3.5m | $3.1m | $5.2m | $4.8m | $4.2m | $3.5m | $3.2m | |
| Other Depreciation and Amortization | — | — | — | — | — | — | — | — | $49.8m | — | |
| Deferred Income Tax Expense (Benefit) | ($3.4m) | $0 | $0 | $0 | $0 | ($3.7m) | ($157.5m) | $17.6m | $10.9m | $37.4m | |
| Share-based Payment Arrangement, Noncash Expense | $69.2m | $71.0m | $75.1m | $73.6m | $61.5m | $66.8m | $66.4m | $52.4m | $40.1m | $34.3m | |
| Share-based Payment Arrangement, Expense | $69.2m | $71.0m | $75.1m | $73.6m | $61.5m | $67.2m | $66.4m | $52.4m | $40.1m | $34.3m | |
| Goodwill, Impairment Loss | $37.0m | $0 | $35.6m | $0 | $0 | — | — | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | $3.6m | $1.0m | — | — | — | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | — | — | — | — | $61.6m | $47.1m | $39.1m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1.3m) | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | ($4.2m) | $632k | $43k | ($201k) | ($79k) | ($136k) | ($136.6m) | $15.7m | $13.7m | $41.3m | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | — | — | $7.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Payable | $5.6m | ($1.9m) | ($3.0m) | $4.2m | ($6.9m) | — | — | — | — | — | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | ($3.4m) | $3.4m | — | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | $0 | ($93k) | $0 | — | — | — | |
| Equipment Expense | — | — | — | — | — | $39.5m | $49.2m | $53.5m | $51.2m | $57.0m | |
| General and Administrative Expense | $207.2m | $191.7m | $228.6m | $238.3m | $213.0m | — | — | — | — | — | |
| Goodwill | $35.6m | $35.6m | $0 | $0 | — | $75.7m | $75.7m | $75.7m | $75.7m | $75.7m | |
| Operating Expenses | $651.0m | $728.0m | $822.9m | $789.5m | $502.3m | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $13.2m | $14.6m | $2.0m | $820k | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | $138.8m | $267.3m | $243.6m | $178.3m | $191.3m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $141.0m | $266.7m | $243.6m | $175.4m | $190.9m | |
| Restructuring Costs | — | — | — | — | $17.8m | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | — | ($5.0m) | $3.1m | |
| Gain (Loss) on Sales of Loans, Net | $13.2m | $23.4m | $46.0m | $67.7m | $30.8m | $70.1m | $95.3m | $47.8m | $49.1m | $59.1m | |
| Other Operating Income (Expense), Net | ($7.7m) | $6.4m | $5.8m | $13.8m | $13.4m | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $545k | ($590.8m) | ($639.0m) | ($270.6m) | $418.0m | $239.9m | $375.6m | ($1.1b) | ($2.6b) | ($2.7b) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $51.8m | $44.6m | $53.0m | $50.7m | $31.1m | $34.4m | $69.5m | $59.5m | $54.3m | $140.3m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | — | — | — | — | — | — | — | — | |
| Payments to Acquire Investments | $10.0m | $0 | — | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | ($1.7m) | ($561k) | ($400k) | $12.7m | $4.4m | $4.7m | $2.7m | $4.3m | |
| Net Cash Provided by (Used in) Investing Activities | ($423.0m) | $933.8m | $878.7m | $653.8m | $565.8m | ($454.4m) | ($2.8b) | $516.7m | $607.8m | $1.9b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | $224.0m | $225.5m | $143.4m | $86.1m | $97.7m | $938.4m | $1.8b | |
| Repayments of Long-term Debt | — | — | — | — | — | $2.8m | $15.3m | — | — | — | |
| Payments for Repurchase of Common Stock | $19.5m | $0 | $0 | $0 | — | — | — | — | — | — | |
| Dividends paid | — | — | — | — | $50.2m | $0 | $0 | — | — | — | |
| Other Interest and Dividend Income | — | — | — | — | — | $1.2m | $18.6m | $65.9m | $56.3m | $31.9m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | $0 | ($22.6m) | ($7.1m) | ($9.3m) | ($9.0m) | ($19.8m) | ($13.7m) | ($22.1m) | |
| Net Cash Provided by (Used in) Financing Activities | $314.5m | ($456.9m) | ($240.0m) | ($540.1m) | ($842.4m) | $349.6m | $2.8b | $789.6m | $1.7b | $747.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($10.9m) | ($49.1m) | ($231k) | ($156.9m) | $141.4m | $135.1m | $360.9m | $169.7m | ($316.8m) | ($47.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($10.9m) | ($49.1m) | $644.1m | $487.1m | $628.5m | $763.6m | $1.1b | $1.3b | $977.4m | $930.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $684.8m | $581.4m | $394.5m | $254.6m | $143.8m | $77.3m | $79.7m | $258.6m | $378.3m | $341.4m | |
| Income Taxes Paid, Net | — | — | — | — | — | $4.8m | $14.5m | $6.6m | $275k | $3.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.