Lendingclub corporation (LC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Mar'12Mar'11
Cash Flows from Operating Activities:
Consolidated net loss

-30

-128

-154

-145

-4

-32

7

-11

-11

Adjustments to reconcile consolidated net loss to net cash (used for) provided by operating activities:
Benefit for loan losses

-

-

-

-

-

-

-

0

0

Net fair value adjustments

-144

-100

-30

-2

0

-0

-0

-0

-

Change in fair value of loan servicing assets and liabilities

58

30

20

-0

5

3

0

-

-

Change in fair value of loan servicing assets

-

-

-

-

3

1

-0

-

-

Amortization of net deferred loan fees and costs

-

-

-

-

-

-

-

-

-0

Amortization of debt discounts

-

-

-

-

-

-

-

-

0

Fair value adjustments, net

-

-

-

-

-

-

-

-

0

Stock-based compensation, net

73

75

70

69

51

37

6

0

0

Excess tax benefit from share-based awards

-

-

-

-

0

0

0

-

-

Goodwill, Impairment Loss

0

35

0

37

0

0

-

-

-

Depreciation and amortization

59

54

46

29

21

10

1

0

0

Gain on sales of loans

67

50

38

13

4

-3

3

-

-

Other, net

-7

-5

-2

-1

-0

-0

0

0

-

Loss on disposal of property, equipment and software

-

-

-

-

-

-0

-0

-

-

Purchase of loans held for sale

7,643

7,397

6,714

4,742

3,358

1,733

-

-

-

Proceeds from whole loan sales and Structured Program transactions, net of underwriting fees and costs

6,937

6,485

6,026

4,731

3,358

1,730

446

-

-

Purchase of loans held for sale by consolidated VIE

-

-

-

0

0

-

-

-

-

Proceeds from sale of securities by consolidated VIE, net of underwriting fees and costs

-

-

-

0

0

-

-

-

-

Purchase of whole loans to be sold

-

-

-

-

-

-

442

-

-

Net change in operating assets and liabilities:
Accrued interest receivable, net

16

3

-6

2

13

8

10

2

-

Other assets

-6

-52

71

9

15

-13

21

1

-

Due from related parties

-

-

-

-

0

0

0

0

-

Other Noncash Expense

-

-

-

-

-

-

-

-

0

Accrued interest and other receivables

-

-

-

-

-

-

-

-

0

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-0

Deposits

-

-

-

-

-

-

-

-

0

Accounts payable

4

-3

-1

5

-0

2

1

0

-0

Accrued interest payable

-9

-13

-10

3

13

9

11

2

-

Accrued expenses and other liabilities

0

-93

142

27

30

16

4

0

0

Change in payable to investors

-60

-0

17

52

34

34

1

0

-

Net cash (used for) provided by operating activities

-270

-639

-573

0

74

49

1

-11

-9

Cash Flows from Investing Activities:
Purchases of loans

633

960

1,738

2,732

3,865

2,156

1,618

320

142

Principal payments received on loans

265

210

54

4

0

0

-

-

-

Purchase of Loans at amortized cost

-

-

-

-

-

-

-

1

6

Principal payments received on loans

1,191

1,763

2,397

2,393

1,804

1,054

511

105

-

Principal payments of loans at amortized cost

-

-

-

-

-

-

-

1

-

Proceeds from recoveries and sales of charged-off loans

54

63

48

37

26

7

1

-

-

Proceeds from sales of whole loans

0

0

112

26

0

0

-

-

-

Purchases of securities available for sale

144

136

139

75

419

0

0

-

-

Proceeds from sales, maturities, redemptions and paydowns of securities available for sale

145

153

356

87

120

0

0

-

-

Proceeds from paydowns of asset-backed securities related to Structured Program transactions

90

47

6

0

0

-

-

-

-

Other investing activities

-0

-1

0

10

-

-

-

-

-

Payments for business acquisition, net of cash acquired

-

-

-

-

-

109

0

-

-

Investment in Cirrix Capital

-

-

-

-

0

0

-

-

-

Repayment of Member Loans at fair value

-

-

-

-

-

-

-

-

-42

Repayment of Member Loans held at amortized cost

-

-

-

-

-

-

-

-

-4

Net change in restricted cash

-

-

-

-

33

32

4

4

-0

Purchases of property, equipment and software, net

50

52

44

51

39

20

10

0

0

Net cash provided by investing activities

653

878

998

-325

-2,406

-1,257

-1,120

-218

-100

Cash Flows from Financing Activities:
Proceeds from issuance of notes and certificates

632

953

1,720

2,681

3,861

2,156

1,618

319

-

Proceeds from secured borrowings

0

0

280

22

0

0

-

-

-

Repayments of secured borrowings

56

139

42

22

0

0

-

-

-

Principal payments on and retirements of notes and certificates

1,147

1,615

2,737

2,381

1,800

1,049

504

101

-

Payments on Notes and Certificates at fair value

-

-

-

-

-

-

-

-

47

Payments on notes, certificates, and secured borrowings from recoveries/sales of related charged-off loans

55

62

47

36

26

7

1

-

-

Principal payments on securitization notes

58

45

0

0

-

-

-

-

-

Proceeds from issuance of securitization notes and certificates

42

258

313

0

0

-

-

-

-

Proceeds from credit facilities and securities sold under repurchase agreements

2,943

2,125

283

0

0

-

-

-

150

Principal payments on credit facilities and securities sold under repurchase agreements

2,815

1,698

251

0

0

-

-

-

-

Proceeds from term loan, net of debt discount

-

-

-

-

-

49

0

-

-

Payment for debt issuance costs

1

4

5

0

1

1

0

-

-

Principal payment on term loan

-

-

-

-

-

50

0

-

-

Repurchases of common stock

0

0

0

19

0

0

-

-

-

Proceeds from initial public offering, net of offering costs

-

-

-

-

-

827

0

-

-

Payments on loans payable

-

-

-

-

-

-

-

2

5

Proceeds from exercise of warrants to acquire common stock

-

-

-

-

0

0

-

-

-

Proceeds from issuances under equity incentive plans, net of tax

0

1

14

13

11

3

1

0

-

Excess tax benefit from share-based awards

-

-

-

-

0

0

0

-

-

Proceeds from issuance of common stock for ESPP

2

5

5

5

5

0

0

-

-

Net cash inflow (outflow) from consolidation (deconsolidation) of VIE

5

15

0

0

-

-

-

-

-

Purchase of noncontrolling interests in consolidated VIE

0

0

6

0

0

-

-

-

-

Return of capital to noncontrolling interests in consolidated VIE

-

-

-

0

0

-

-

-

-

Dividends paid to noncontrolling interests in consolidated VIE

-

-

-

0

0

-

-

-

-

Other financing activities

-22

-3

-2

-0

0

0

0

-

-

Proceeds from issuance of common stock upon exercise of options

-

-

-

-

-

-

-

-

0

Net cash provided by (used for) financing activities

-540

-239

-474

314

2,085

2,027

1,116

247

121

Net Decrease in Cash, Cash Equivalents and Restricted Cash

-156

-0

-49

-10

-246

820

-3

17

10

Supplemental Cash Flow Information:
Cash paid for interest

254

394

581

684

536

345

176

28

11

Cash paid for operating leases included in the measurement of lease liabilities

16

-

-

-

-

-

-

-

-

Non-cash investing activity:
Accruals for property, equipment and software

1

2

0

1

2

0

2

-

-

Net securities retained from Structured Program transactions

197

106

54

0

0

-

-

-

-

Non-cash investing and financing activity:
Transfer of whole loans to redeem certificates

122

1

130

3

0

0

-

-

-

Non-cash financing activity:
Derecognition of payable to securitization note and residual certificate holders held in consolidated VIE

200

269

0

0

-

-

-

-

-

Noncontrolling interests’ contribution of beneficial interests in consolidated VIE

0

0

7

0

0

-

-

-

-

Issuance of payable to securitization residual certificate holders

0

0

1

0

0

-

-

-

-

Issuance of Series F convertible preferred stock

-

-

-

-

-

2

0

-

-

Conversion of preferred stock to common stock

-

-

-

-

-

180

0

-

-

Accrual of prepaid offering costs

-

-

-

-

-

2

0

-

-