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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 199,950 $ 372,974
Restricted cash (1) [1] 275,136 271,084
Securities available for sale (includes $51,342 and $53,611 pledged as collateral at fair value, respectively) 246,559 170,469
Loans held for investment at fair value (1) [1] 1,237,479 1,883,251
Loans held for investment by the Company at fair value 4,211 2,583
Loans held for sale by the Company at fair value (1) [1] 710,170 840,021
Accrued interest receivable (1) [1] 14,171 22,255
Property, equipment and software, net 117,242 113,875
Intangible assets, net 15,396 18,048
Other assets (1) [1] 229,346 124,967
Total assets 3,049,660 3,819,527
Liabilities and Equity    
Accounts payable 15,490 7,104
Accrued interest payable (1) [1] 10,449 19,241
Accrued expenses and other liabilities (1) [1] 268,071 152,118
Payable to investors 117,698 149,052
Notes, certificates and secured borrowings at fair value (1) [1] 1,240,958 1,905,875
Payable to securitization note holders (1) [1] 0 256,354
Credit facilities and securities sold under repurchase agreements (1) [1] 509,107 458,802
Total liabilities 2,161,773 2,948,546
Equity    
Common stock, $0.01 par value; 180,000,000 shares authorized; 88,593,023 and 86,384,667 shares issued, respectively; 88,132,589 and 85,928,127 shares outstanding, respectively (2) [2] 886 864
Additional paid-in capital (2) [2] 1,454,586 1,405,392
Accumulated deficit (548,706) (517,727)
Treasury stock, at cost; 460,434 shares (2) [2] (19,538) (19,485)
Accumulated other comprehensive income 659 157
Total LendingClub stockholders’ equity 887,887 869,201
Noncontrolling interests 0 1,780
Total equity 887,887 870,981
Total liabilities and equity $ 3,049,660 $ 3,819,527
[1]
Includes amounts in consolidated variable interest entities (VIEs) presented separately in the table below.
[2]
Prior period share information and balances have been retroactively adjusted to reflect a reverse stock split. See “Note 4. Net Loss Per Share” for additional information.