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LendingClub Corporation – Parent Company Only Financial Statements - Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
LendingClub net income (loss) $ 18,580 $ (187,538) $ (30,745)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used for) operating activities:      
Income tax benefit (3,677) 0 0
Net fair value adjustments [1] (3,986) 105,002 144,273
Reversal of credit losses [1] 138,800 [2] 3,382 [2] 0
Change in fair value of loan servicing assets [1] 54,108 58,730 58,172
Stock-based compensation, net [1] 66,759 61,533 73,639
Depreciation, amortization, and accretion [1] 5,575 56,526 62,151
Gain on sales of loans [1] (70,116) (30,812) (67,716)
Other, net [1] 8,654 12,506 5,829
Net change to loans held for sale [1] 4,856 435,245 (440,192)
Net change in operating assets and liabilities:      
Other assets [1] (9,733) 34,483 1,499
Other liabilities [1] 26,372 (131,026) (77,609)
Net cash provided by (used for) operating activities [1] 239,869 418,031 (270,644)
Cash Flows from Investing Activities:      
Acquisition of company [1] (145,344) 0 0
Cash received from acquisition [1] 668,236 0 0
Net change in loans and leases [1] (1,517,132) 7,151 9,150
Net decrease in retail and certificate loans [1] 437,870 411,428 602,678
Proceeds from maturities and paydowns of securities available for sale [1] 143,402 225,458 223,980
Purchases of property, equipment and software, net [1] (34,413) (31,147) (50,668)
Other investing activities [1] (12,747) 400 561
Net cash (used for) provided by investing activities [1] (454,410) 565,771 653,768
Cash Flows from Financing Activities:      
Principal payments on Structured Program borrowings [1] (90,187) (73,710) (58,025)
Principal payments on retail notes and certificates [1] (438,032) (729,405) (1,259,203)
Principal payments on short-term borrowings [1] (87,640) (1,662,199) (2,801,824)
Other financing activities [1] (9,295) (8,948) (26,767)
Net cash provided by (used for) financing activities [1] 349,642 (842,439) (540,060)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 135,101 141,363 (156,936)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 628,485 487,122 644,058
Cash, Cash Equivalents and Restricted Cash, End of Period 763,586 628,485 487,122
LendingClub      
Cash Flows from Operating Activities:      
LendingClub net income (loss) 71,628   (30,745)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used for) operating activities:      
Equity in undistributed earnings of subsidiary (79,291)    
Income tax benefit (44,013)    
Net fair value adjustments (5,936) 0 0
Reversal of credit losses (3,382) 3,382 $ 0
Change in fair value of loan servicing assets 37,138    
Stock-based compensation, net 14,506    
Depreciation, amortization, and accretion 39,935    
Gain on sales of loans (3,372)    
Other, net 9,107    
Net change to loans held for sale 90,609    
Net change in operating assets and liabilities:      
Other assets (29,556)    
Other liabilities (95,737)    
Net cash provided by (used for) operating activities 1,636    
Cash Flows from Investing Activities:      
Acquisition of company (145,344)    
Payments for investments in and advances to subsidiary (250,001)    
Cash received from acquisition 658    
Net change in loans and leases 1,360    
Net decrease in retail and certificate loans 437,870    
Proceeds from maturities and paydowns of securities available for sale 103,258    
Purchases of property, equipment and software, net (1,811)    
Other investing activities 8,146    
Net cash (used for) provided by investing activities 154,136    
Cash Flows from Financing Activities:      
Principal payments on Structured Program borrowings (90,187)    
Principal payments on retail notes and certificates (438,032)    
Principal payments on short-term borrowings (81,935)    
Other financing activities (9,295)    
Net cash provided by (used for) financing activities (619,449)    
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (463,677)    
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 628,485    
Cash, Cash Equivalents and Restricted Cash, End of Period $ 164,808 $ 628,485  
[1] Prior period amounts have been reclassified to conform to the current period presentation. See “Notes to Consolidated Financial Statements Note 1. Summary of Significant Accounting Policies” for additional information.
[2] Prior period amounts have been reclassified to conform to the current period presentation. See “Notes to Consolidated Financial Statements Note 1. Summary of Significant Accounting Policies” for additional information.