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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents (1) [1] $ 401,719 $ 515,602
Restricted cash (1) [1] 242,570 177,810
Securities available for sale 117,573 287,137
Loans held for investment at fair value (1) (2) [1],[2] 2,932,325 4,295,121
Loans held for investment by the Company at fair value (1) (2) [1],[2] 361,230 16,863
Loans held for sale by the Company at fair value (1) [1] 235,825 9,048
Accrued interest receivable (1) [1] 33,822 40,299
Property, equipment and software, net 101,933 89,263
Intangible assets, net 21,923 26,211
Goodwill 35,633 35,633
Other assets (1) [1] 156,278 69,644
Total assets 4,640,831 5,562,631
Liabilities    
Accounts payable 9,401 10,889
Accrued interest payable (1) [1] 32,992 43,574
Accrued expenses and other liabilities (1) [1] 228,380 85,619
Payable to investors 143,310 125,884
Notes, certificates and secured borrowings at fair value (1) [1] 2,954,768 4,320,895
Payable to securitization note and residual certificate holders (includes $1,479 and $0 at fair value, respectively) (1) [1] 312,123 0
Warehouse notes payable (1) [1] 32,100 0
Total liabilities 3,713,074 4,586,861
Equity    
Common stock, $0.01 par value; 900,000,000 shares authorized; 419,756,546 and 400,262,472 shares issued, respectively; 417,473,846 and 397,979,772 shares outstanding, respectively 4,198 4,003
Additional paid-in capital 1,327,206 1,226,206
Accumulated deficit (389,419) (234,187)
Treasury stock, at cost; 2,282,700 shares (19,485) (19,485)
Accumulated other comprehensive loss (5) (767)
Total LendingClub stockholders’ equity 922,495 975,770
Noncontrolling interests 5,262 0
Total equity 927,757 975,770
Total liabilities and equity $ 4,640,831 $ 5,562,631
[1] Includes amounts in consolidated variable interest entities (VIEs) presented separately in the table below.
[2] Prior period amounts have been reclassified to conform to the current period presentation. See “Notes to Consolidated Financial Statements – Note 1. Basis of Presentation” for additional information.