Lendingclub corporation (LC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Cash Flows from Operating Activities:
Consolidated net loss

-48,087

234

-392

-10,632

-19,900

-13,412

-22,749

-60,812

-31,180

-92,098

-6,659

-25,444

-29,844

-32,269

-36,486

-81,351

4,137

4,569

950

-4,140

-6,374

-9,037

-7,371

-9,187

-7,299

2,858

2,713

1,697

40

-830

-881

-2,525

-2,624

-2,866

-3,346

-3,106

-2,948

-2,887

-2,938

-2,525

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

7

-48

-

-

80

74

84

72

91

182

Net fair value adjustments

-101,738

-42,659

-31,628

-35,974

-34,729

-25,865

-19,554

-26,556

-28,713

-18,949

-8,280

-2,171

-1,417

-1,265

-476

-1,041

-167

-19

39

-1

-5

-23

-53

-14

-32

-4

-6

8

-31

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of loan servicing assets and liabilities

9,603

18,213

62,926

-34,045

11,001

8,906

34,078

-7,254

-5,248

18,879

499

639

809

-3,933

5,329

-223

-2,078

9,113

-1,839

-2,504

424

261

976

1,515

285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of loan servicing assets

-

-

-

-

-

-

-

-

-

-

6,961

5,075

4,047

-

2,429

4,431

232

6,270

-1,436

-2,346

1,315

2,633

-486

-170

-330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in loan servicing liability carried at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

233

221

-

-

-

-

-

-

-

-

-

-

-

Amortization of net deferred loan fees and costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

42

6

91

13

1

2

1

26

-36

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

19

18

Amortization of debt discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5

15

20

23

33

55

67

74

75

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48

8

-

-

-

-

-

-

-

Fair value adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

141

48

40

-133

94

0

6

4

1

1

Stock-based compensation, net

18,129

16,741

18,095

20,551

18,252

17,718

19,771

19,797

17,801

16,291

16,106

19,088

19,498

22,810

17,966

13,447

15,021

13,664

13,479

12,486

11,593

11,261

10,537

8,319

7,033

3,145

1,871

948

526

-

300

175

303

69

26

241

-67

104

110

63

Excess tax benefit from share-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-101

39

738

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

12,873

15,118

13,878

14,301

15,855

14,837

15,651

12,575

11,701

13,803

11,306

10,845

10,254

8,508

7,628

7,091

6,655

6,053

5,772

5,060

4,693

3,638

3,157

2,456

1,007

756

412

321

174

102

74

58

49

40

33

27

-

-

-

-

Gain on sales of loans

14,261

20,373

18,305

13,886

15,152

10,928

13,519

12,858

13,116

13,544

10,544

9,719

5,043

2,644

16,279

-10,447

4,699

2,749

1,690

351

95

-1,459

-1,329

-710

-71

0

0

2,702

1,160

-

-

-

-

-

-

-

-

-

-

-

Other, net

-729

7,166

-1,543

-5,693

-7,413

-1,677

-1,032

-1,180

-1,582

-1,156

-980

-256

-352

-1,209

-217

-511

-30

-619

43

-67

-18

252

-327

-118

-5

-

-

61

7

72

47

-1

-4

-

-

-

-

-

-

-

Purchase of loans held for sale

1,842,043

2,469,087

2,027,675

1,740,650

1,406,584

1,966,875

1,868,909

1,964,286

1,597,816

2,474,847

1,678,303

1,385,642

1,176,154

1,089,347

1,096,020

1,248,708

1,308,463

1,020,265

955,216

761,080

622,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments received on loans held for sale

74,475

-

-

-

66,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,576,072

4,638,205

773,195

-22,655

1,549,239

2,736,934

1,255,367

1,145,039

1,348,092

2,070,851

1,434,117

1,349,600

1,172,161

1,096,501

1,095,716

1,231,151

1,308,463

1,020,265

955,216

760,985

622,145

635,563

462,523

366,377

265,582

195,791

131,669

78,698

40,066

-

-

-

-

-

-

-

-

-

-

-

Purchase of loans held for sale by consolidated VIE

-

-

-

-

-

-

0

0

270,770

-

228,256

263,158

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

574,581

493,337

437,969

-

308,614

260,829

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of whole loans to be sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

463,852

367,087

265,653

195,791

131,669

75,996

38,906

-

-

-

-

-

-

-

-

-

-

-

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

5,938

6,762

2,490

5,845

1,201

1,775

2,705

5,266

-5,961

-2,119

1,194

-713

-4,655

-502

512

1,181

1,027

1,537

3,913

6,054

2,315

1,914

1,104

3,816

1,453

3,174

3,508

1,763

2,009

1,084

1,827

259

2,037

-

-

-

-

-

-

-

Other assets

-1,192

5,558

-8,757

-97

-3,313

10,031

5,110

-10,484

-57,365

57,542

9,641

-2,430

6,452

8,391

-1,620

3,847

-657

9,516

1,031

3,236

2,074

-86

873

4,013

-18,070

20,868

-984

573

564

-

-

-

-

-

-

-

-

-

-

-

Due from related parties

-

-

-

-

-

-

-

-

-

-

-

-65

-71

-

-102

-260

242

49

29

53

57

24

32

32

24

43

59

45

93

-

-

-

-

-

-

-

-

-

-

-

Accrued interest and other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,736

349

-

-

100

151

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-531

538

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-321

-57

170

282

128

28

-51

30

-20

-137

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-443

248

318

-

-

-

-

-

-

-

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

-

-

-

42

-0

-2

18

-7

Accounts payable

-5,440

-2,840

5,297

-15,109

16,810

-2,122

-5,064

10,239

-6,058

1,897

-5,424

5,447

-3,833

3,694

-150

2,161

-123

2,473

-2,402

1,143

-1,812

3,464

-1,175

199

-131

668

-754

1,057

817

440

-350

240

127

1,491

-965

-33

-107

-255

-12

211

Accrued interest payable

-231

-1,189

-4,172

-170

-4,312

-2,809

-1,559

-1,522

-7,482

-4,986

-435

-9

-5,152

-505

178

2,264

1,393

387

4,459

5,715

2,719

1,241

2,491

3,824

1,667

3,192

2,968

2,800

2,103

1,304

1,656

1,110

2,294

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-44,405

12,460

7,926

11,538

-31,598

10,137

-69,185

-1,122

-33,254

130,057

7,982

7,159

-3,178

8,779

13,708

14,478

-9,679

8,135

16,467

4,893

990

5,886

6,758

2,816

1,232

-1,455

4,839

-209

902

-2,781

3,268

1,071

164

75

8

108

240

331

186

-139

Change in payable to investors

-50,853

-24,400

51,852

-10,082

-77,727

52,168

-15,070

-2,667

-35,222

49,417

-3,325

1,087

-29,753

44,508

-6,444

15,903

-1,245

-77,718

102,405

17,658

-7,924

21,375

4,706

4,555

3,672

3,461

-91

-3,337

1,835

-

-

-

-

-

-

-

-

-

-

-

Payable to member borrowers and investors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,656

669

533

-

-

-

-

-

-

-

Net cash (used for) provided by operating activities

-216,447

-145,913

-258,741

-32,253

166,263

-377,578

-49,673

-226,189

13,699

-412,560

-130,176

-13,534

-17,118

8,291

-6,556

-11,131

9,941

21,391

31,577

15,278

6,495

14,525

13,258

2,043

20,094

-15,063

9,670

4,391

2,141

-1,568

2,064

-888

-1,618

-3,759

-2,297

-2,876

-2,606

-2,524

-1,904

-2,469

Cash Flows from Investing Activities:
Purchases of loans

104,654

111,068

162,562

166,927

193,075

181,950

237,625

247,846

293,460

331,046

405,003

478,249

524,412

646,441

644,512

519,891

921,825

1,128,867

991,685

892,186

852,827

622,106

531,975

491,082

511,219

502,630

435,512

367,432

312,830

254,198

207,057

137,366

109,656

86,820

69,271

54,265

-

-

-

-

Principal payments received on loans

217,060

71,970

64,719

-213,541

342,672

50,208

44,097

57,583

58,943

29,247

16,569

7,399

892

1,520

1,928

932

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Loans at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,063

-

-

-

-

Principal payments received on loans

-

-

-

-

-

383,636

422,558

452,536

504,618

534,227

597,446

625,886

640,006

609,591

603,667

593,937

586,159

524,714

481,701

428,925

369,379

314,852

288,102

246,453

204,950

169,976

140,156

112,254

88,846

-

-

-

-

-

-

-

-

-

-

-

Proceeds from recoveries and sales of charged-off loans

13,799

11,793

13,917

14,186

14,136

13,777

17,016

14,789

17,658

13,448

12,114

11,805

10,889

9,826

10,517

6,743

10,191

12,527

5,919

4,338

3,472

2,782

2,594

1,840

744

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Member Loans at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,821

38,122

-

-

-

-

-

-

-

Repayment of Member Loans at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

322

172

-

-

-

-

-

-

-

Proceeds from sales of whole loans

-

-

-

-

-

-

-

-

-

110,649

0

0

2,118

4,551

0

22,274

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

34,909

27,728

44,216

32,898

39,639

32,382

41,537

30,180

32,346

49,596

33,964

29,780

26,430

35,860

36,580

-118

3,661

16,341

720

402,112

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

30,500

34,996

34,944

40,476

35,464

34,503

41,944

36,545

40,476

165,104

55,670

69,017

66,817

27,423

16,929

25,432

17,374

57,222

59,689

3,509

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

32,934

26,592

24,487

22,087

17,482

15,678

14,460

10,758

6,339

4,204

2,268

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-100

-367

49

-247

4

-236

0

-1,511

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in Cirrix Capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Member Loans at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40,821

-

-

-

-19,176

-15,122

-11,668

-22,442

6,589

Repayment of Member Loans held at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-321

-

-

-

-539

-

-

-

-

Proceeds from recoveries and sale of charged-off Member Loans at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25

219

-

-

-

-

-

-

-

-

Proceeds from sale of charged-off Member Loans at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

-

-

-

-

-

-

-

-

Origination of member loans, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

981

Origination of CM Loans at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,619

Repayment of member loans originated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,369

Net change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,848

23,122

23,752

-78,483

102,478

17,491

-7,516

21,542

4,773

2,900

3,759

3,460

338

-3,337

4,263

1,757

864

0

840

3,000

320

-160

0

10

0

-500

Purchases of property, equipment and software, net

11,435

11,691

11,358

11,681

15,938

15,095

12,508

11,766

13,607

12,864

12,032

11,811

7,908

12,798

12,139

16,422

10,483

13,520

9,918

9,709

6,240

5,583

5,609

4,375

5,005

2,699

3,781

2,549

1,406

636

472

192

99

61

82

139

106

-12

54

14

Net cash provided by investing activities

143,395

164,082

143,205

185,383

161,098

218,403

204,308

226,347

229,678

434,126

216,499

186,868

161,080

15,014

-73,966

89,069

-355,997

-485,782

-557,492

-884,726

-478,700

-331,597

-251,661

-359,528

-314,289

-338,277

-298,940

-253,745

-229,653

-188,174

-156,824

-96,146

-72,301

-63,964

-46,627

-35,913

-30,050

-24,669

-25,014

-21,156

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

104,620

110,713

162,403

166,753

193,093

178,463

236,463

246,517

292,461

330,885

394,013

472,681

523,305

639,363

641,241

499,247

901,258

1,125,328

991,926

892,026

852,715

622,009

532,034

491,014

510,962

502,575

435,489

367,393

312,812

254,117

213,755

138,989

109,217

-

-

-

-

-

-

-

Proceeds from secured borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,161

15,113

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of secured borrowings

6,967

8,954

12,260

15,357

20,313

23,141

30,480

38,040

47,545

42,834

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on and retirements of notes and certificates

208,846

230,314

274,032

302,791

340,160

353,882

389,411

416,350

456,157

873,988

602,049

619,889

641,103

610,593

601,234

585,563

583,982

532,237

478,190

424,721

365,711

317,640

280,643

246,425

205,274

165,282

139,049

111,116

88,883

66,604

54,342

42,999

34,430

-

-

-

-

-

-

-

Payments on Notes and Certificates at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,999

-

-

-

19,699

-

-

-

-

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

13,189

12,388

15,087

13,638

13,909

13,636

16,778

14,621

17,459

13,364

12,057

11,703

10,790

9,914

9,955

6,739

10,177

12,489

5,866

4,327

3,461

2,776

2,589

1,830

734

-

-

-

-

-0

0

219

-

-

-

-

-

-

-

-

Principal payments on securitization notes

6,911

1,318

11,267

21,846

23,594

0

0

13,980

31,729

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of notes and certificates from Structured Program transactions

186,190

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from credit facilities and securities sold under repurchase agreements

979,539

1,092,210

836,785

618,453

396,500

632,183

556,838

661,567

274,900

283,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138,989

-

-

-

55,693

47,569

39,426

35,003

28,619

Principal payments on credit facilities and securities sold under repurchase agreements

946,038

1,013,875

652,147

557,928

591,525

478,685

600,529

386,000

233,000

251,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for debt issuance costs

248

63

22

709

625

2,894

132

349

1,119

5,099

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend paid to preferred stockholder

50,204

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19,485

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

334

440

-

-

-

-

1,537

1,558

1,518

Proceeds from issuance of Series F convertible preferred stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,353

-

-

-

-

-

-

-

24,387

Payments on loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

334

-

-

-

941

-24,492

14,487

9,306

6,605

Proceeds from exercise of warrants to acquire common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

89

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuances under equity incentive plans, net of tax

-

-

-

-

-

35

721

1,015

185

297

5,241

4,716

4,308

2,629

4,755

979

4,846

3,990

4,383

2,434

863

466

900

1,418

780

184

960

89

482

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-101

39

738

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of capital to noncontrolling interests in consolidated VIE

-

-

-

-

-

-

-

856

1,055

-

999

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to noncontrolling interests in consolidated VIE

-

-

-

-

-

-

-

183

30

-

38

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-18,424

-

-

-

-621

-

-

-

-

-

-

-

-

-

-

-

-

0

-3

25

68

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceed from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

276

62

21

72

1

-

-

0

7

Net cash provided by (used for) financing activities

19,522

-6,133

89,875

-222,648

-401,154

251,957

-259,226

23,813

-255,770

55,498

-219,214

-156,559

-154,033

68,607

28,363

-88,854

306,367

508,716

614,655

485,789

476,550

1,104,178

252,119

361,844

309,495

340,453

296,862

252,643

226,266

189,886

159,892

113,066

80,451

60,229

71,529

35,054

28,727

23,401

24,138

44,890

Net Decrease in Cash, Cash Equivalents and Restricted Cash

-53,530

12,036

-25,661

-69,518

-73,793

92,782

-104,591

23,971

-12,393

77,064

-132,891

16,775

-10,071

91,912

-52,159

-10,916

-39,689

44,325

88,740

-383,659

4,345

787,106

13,716

4,359

15,300

-12,887

7,592

3,289

-1,246

142

5,133

16,031

6,532

-7,493

22,605

-3,735

-3,929

-3,792

-2,780

21,265

Supplemental Cash Flow Information:
Cash paid for interest

43,559

48,253

58,294

67,582

80,456

84,818

91,478

101,890

116,273

127,409

140,050

150,284

163,692

165,085

169,200

175,266

175,224

161,688

140,187

124,011

110,562

101,388

91,852

81,383

71,296

59,449

48,348

38,263

30,135

24,170

16,594

11,746

9,751

7,485

5,958

4,867

3,865

3,307

2,689

2,000

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

4,383

-

-

-

4,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activity:
Reclassification of Loans at amortized cost to Loans held at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

-

-

-

-

-

-

-

Accruals for property, equipment and software

2,439

-1,554

-2,031

1,467

3,863

599

-295

996

956

-650

-710

1,165

905

-1,521

-525

-1,151

4,286

-491

1,366

916

1,184

-300

38

709

385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net securities retained from Structured Program transactions

44,260

61,214

43,115

51,360

41,578

23,670

30,088

26,212

26,639

18,890

18,529

17,536

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

17,414

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash financing activity:
Exchange of common stock for preferred stock

207,244

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activity-accrual of property, equipment and software, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

240

-

-

-

-

-

-

-

-

-

-

-

Accrual of prepaid offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash financing activity - Reclassification of early-exercise liability relating to stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-