LendingClub Corporation LC Cash Flow

Lendingclub corporation (LC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Cash Flows from Operating Activities:
Consolidated net loss
-58	-30	-44	-66	-116	-128	-206	-190	-155	-154	-94	-124	-179	-145	-109	-71	5	-4	-18	-26	-31	-32	-20	-10	-0	7	3	0	-4	-6	-8	-11	-11	-12	-12	-11	-11	0	0	0
Adjustments to reconcile consolidated net loss to net cash (used for) provided by operating activities:
Benefit for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	0	0	0	0
Net fair value adjustments
-211	-144	-128	-116	-106	-100	-93	-82	-58	-30	-13	-5	-4	-2	-1	-1	-0	0	0	-0	-0	-0	-0	-0	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of loan servicing assets and liabilities
56	58	48	19	46	30	40	6	14	20	-1	2	1	-0	12	4	2	5	-3	-0	3	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of loan servicing assets
-	-	-	-	-	-	-	-	-	-	0	0	9	-	13	9	2	3	0	1	3	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in loan servicing liability carried at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Amortization of net deferred loan fees and costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-0	0	0	0
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amortization of debt discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Fair value adjustments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-0	0	0	0	0	0	0
Stock-based compensation, net
73	73	74	76	75	75	73	69	69	70	77	79	73	69	60	55	54	51	48	45	41	37	29	20	12	6	0	0	0	-	0	0	0	0	0	0	0	0	0	0
Excess tax benefit from share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
56	59	58	60	58	54	53	49	47	46	40	37	33	29	27	25	23	21	19	16	13	10	7	4	2	1	1	0	0	0	0	0	0	0	0	0	-	-	-	-
Gain on sales of loans
66	67	58	53	52	50	53	50	46	38	27	33	13	13	13	-1	9	4	0	-2	-3	-3	-2	-0	2	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Other, net
-0	-7	-16	-15	-11	-5	-4	-4	-3	-2	-2	-2	-2	-1	-1	-1	-0	-0	0	-0	-0	-0	0	0	0	-	-	0	0	0	0	0	0	-	-	-	-	-	-	-
Purchase of loans held for sale
8,079	7,643	7,141	6,983	7,206	7,397	7,905	7,715	7,136	6,714	5,329	4,747	4,610	4,742	4,673	4,532	4,045	3,358	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments received on loans held for sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from whole loan sales and Structured Program transactions, net of underwriting fees and costs
6,964	6,937	5,036	5,518	6,686	6,485	5,819	5,998	6,202	6,026	5,052	4,713	4,595	4,731	4,655	4,515	4,044	3,358	2,973	2,481	2,086	1,730	1,290	959	671	446	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Purchase of loans held for sale by consolidated VIE
-	-	-	-	-	-	0	0	976	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of securities by consolidated VIE, net of underwriting fees and costs
-	-	-	-	-	-	0	0	1,291	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of whole loans to be sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,292	960	669	442	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net change in operating assets and liabilities:
Accrued interest receivable, net
21	16	11	11	10	3	-0	-1	-7	-6	-4	-5	-3	2	4	7	12	13	14	11	9	8	9	11	9	10	8	6	5	5	0	0	0	-	-	-	-	-	-	-
Other assets
-4	-6	-2	11	1	-52	-5	-0	7	71	22	10	17	9	11	13	13	15	6	6	6	-13	7	5	2	21	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Due from related parties
-	-	-	-	-	-	-	-	-	-	-	0	-0	-	-0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-
Other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-0	-0	0	0	0
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	0
Accounts payable
-18	4	4	-5	19	-3	1	0	-4	-1	-0	5	1	5	4	2	1	-0	0	1	0	2	-0	-0	0	1	1	1	1	0	1	0	0	0	-1	-0	-0	0	0	0
Accrued interest payable
-5	-9	-11	-8	-10	-13	-15	-14	-12	-10	-6	-5	-3	3	4	8	11	13	14	12	10	9	11	11	10	11	9	7	6	6	0	0	0	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-12	0	-1	-79	-91	-93	26	103	111	142	20	26	33	27	26	29	19	30	28	18	16	16	9	7	4	4	2	1	2	1	4	1	0	0	0	0	0	0	0	0
Change in payable to investors
-33	-60	16	-50	-43	-0	-3	8	11	17	12	9	24	52	-69	39	41	34	133	35	22	34	16	11	3	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Payable to member borrowers and investors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-
Net cash (used for) provided by operating activities
-653	-270	-502	-293	-487	-639	-674	-755	-542	-573	-152	-28	-26	0	13	51	78	74	67	49	36	49	20	16	19	1	14	7	1	-2	-4	-8	-10	-11	-10	-9	-9	0	0	0
Cash Flows from Investing Activities:
Purchases of loans
545	633	704	779	860	960	1,109	1,277	1,507	1,738	2,054	2,293	2,335	2,732	3,215	3,562	3,934	3,865	3,358	2,899	2,497	2,156	2,036	1,940	1,816	1,618	1,369	1,141	911	708	540	403	320	0	0	0	-	-	-	-
Principal payments received on loans
140	265	244	223	494	210	189	162	112	54	26	11	5	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Loans at amortized cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	-	-	-
Principal payments received on loans
-	-	-	-	-	1,763	1,913	2,088	2,262	2,397	2,472	2,479	2,447	2,393	2,308	2,186	2,021	1,804	1,594	1,401	1,218	1,054	909	761	627	511	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Proceeds from recoveries and sales of charged-off loans
53	54	56	59	59	63	62	58	55	48	44	43	37	37	39	35	32	26	16	13	10	7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of Member Loans at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Repayment of Member Loans at amortized cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Proceeds from sales of whole loans
-	-	-	-	-	-	-	-	-	112	6	6	28	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
139	144	149	146	143	136	153	146	145	139	126	128	98	75	56	20	422	419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales, maturities, redemptions and paydowns of securities available for sale
140	145	145	152	148	153	284	297	330	356	218	180	136	87	116	159	137	120	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from paydowns of asset-backed securities related to Structured Program transactions
106	90	79	69	58	47	35	23	12	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-0	-0	-0	-0	-1	-1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in Cirrix Capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	10	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of Member Loans at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-68	-42	0	0	0
Repayment of Member Loans held at amortized cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Proceeds from recoveries and sale of charged-off Member Loans at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of charged-off Member Loans at amortized cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Origination of member loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Origination of CM Loans at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayment of member loans originated
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19	70	65	33	133	36	21	32	14	10	4	4	3	3	6	3	4	4	4	3	0	-0	-0	0	0	0
Purchases of property, equipment and software, net
46	50	54	55	55	52	50	50	50	44	44	44	49	51	52	50	43	39	31	27	21	20	17	15	14	10	8	5	2	1	0	0	0	0	0	0	0	0	0	0
Net cash provided by investing activities
636	653	708	769	810	878	1,094	1,106	1,067	998	579	288	191	-325	-826	-1,310	-2,283	-2,406	-2,252	-1,946	-1,421	-1,257	-1,263	-1,311	-1,205	-1,120	-970	-828	-670	-513	-389	-279	-218	-176	-137	-115	-100	0	0	0
Cash Flows from Financing Activities:
Proceeds from issuance of notes and certificates
544	632	700	774	854	953	1,106	1,263	1,490	1,720	2,029	2,276	2,303	2,681	3,167	3,517	3,910	3,861	3,358	2,898	2,497	2,156	2,036	1,940	1,816	1,618	1,369	1,148	919	716	0	0	0	-	-	-	-	-	-	-
Proceeds from secured borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	22	22	22	15	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of secured borrowings
43	56	71	89	111	139	158	128	90	42	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on and retirements of notes and certificates
1,015	1,147	1,270	1,386	1,499	1,615	2,135	2,348	2,552	2,737	2,473	2,472	2,438	2,381	2,303	2,179	2,019	1,800	1,586	1,388	1,210	1,049	897	756	620	504	405	320	252	198	0	0	0	-	-	-	-	-	-	-
Payments on Notes and Certificates at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Payments on notes, certificates, and secured borrowings from recoveries/sales of related charged-off loans
54	55	56	57	58	62	62	57	54	47	44	42	37	36	39	35	32	26	16	13	10	7	0	0	0	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Principal payments on securitization notes
41	58	56	45	37	45	45	45	31	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of notes and certificates from Structured Program transactions
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facilities and securities sold under repurchase agreements
3,526	2,943	2,483	2,203	2,247	2,125	1,776	1,219	558	283	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	177	150	0	0	0
Principal payments on credit facilities and securities sold under repurchase agreements
3,169	2,815	2,280	2,228	2,056	1,698	1,470	870	484	251	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for debt issuance costs
1	1	4	4	4	4	6	6	6	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend paid to preferred stockholder
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	19	19	19	19	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on loans payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	0	0	0
Proceeds from issuance of Series F convertible preferred stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0
Payments on loans payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	5	0	0	0
Proceeds from exercise of warrants to acquire common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuances under equity incentive plans, net of tax
-	-	-	-	-	1	2	6	10	14	16	16	12	13	14	14	15	11	8	4	3	3	3	3	2	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of capital to noncontrolling interests in consolidated VIE
-	-	-	-	-	-	-	0	3	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to noncontrolling interests in consolidated VIE
-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceed from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-	-	0	0
Net cash provided by (used for) financing activities
-119	-540	-281	-631	-384	-239	-435	-395	-576	-474	-461	-213	-145	314	754	1,340	1,915	2,085	2,681	2,318	2,194	2,027	1,263	1,308	1,199	1,116	965	828	689	543	413	325	247	195	158	111	121	0	0	0
Net Decrease in Cash, Cash Equivalents and Restricted Cash
-136	-156	-76	-155	-61	-0	-15	-44	-51	-49	-34	46	18	-10	-58	82	-290	-246	496	421	809	820	20	14	13	-3	9	7	20	27	20	37	17	7	11	-14	10	0	0	0
Supplemental Cash Flow Information:
Cash paid for interest
217	254	291	324	358	394	437	485	534	581	619	648	673	684	681	652	601	536	476	427	385	345	303	260	217	176	140	109	82	62	45	34	28	22	17	14	11	0	0	0
Cash paid for operating leases included in the measurement of lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Accruals for property, equipment and software
0	1	3	5	5	2	1	0	0	0	-0	0	-2	1	2	4	6	2	3	1	1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net securities retained from Structured Program transactions
199	197	159	146	121	106	101	90	81	54	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activity:
Transfer of whole loans to redeem certificates
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash financing activity:
Exchange of common stock for preferred stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing activity-accrual of property, equipment and software, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Accrual of prepaid offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash financing activity - Reclassification of early-exercise liability relating to stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-