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LendingClub Corporation – Parent Company-Only Financial Statements - Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income [1] $ 38,939 $ 289,685 $ 18,580
Adjustments to reconcile net income to net cash provided by operating activities:      
Income tax benefit 17,558 (157,460) (3,677)
Net fair value adjustments 134,114 (8,503) (3,986)
Reversal of credit losses 243,565 267,326 138,800
Change in fair value of loan servicing assets 62,581 73,229 54,108
Stock-based compensation, net 52,389 66,362 66,759
Depreciation and amortization 47,195 43,831 44,285
Gain on sales of loans (47,839) (95,335) (70,116)
Other, net (8,932) (1,828) 11,263
Net change to loans held for sale (1,535,037) 8,032 4,856
Net change in operating assets and liabilities:      
Other assets 54,894 (16,762) (9,733)
Other liabilities (87,746) (20,836) 26,372
Net cash (used for) provided by operating activities (1,136,600) 375,568 239,869
Cash Flows from Investing Activities:      
Acquisition of company 0 0 (145,344)
Net change in loans and leases 497,276 (2,771,293) (1,517,132)
Net decrease in retail and certificate loans 47,545 171,853 437,870
Proceeds from maturities and paydowns of securities available for sale 97,709 86,078 143,402
Purchases of property, equipment and software, net (59,509) (69,481) (34,413)
Other investing activities (4,676) (4,423) (12,747)
Net cash provided by (used for) investing activities 516,697 (2,809,800) (454,410)
Cash Flows from Financing Activities:      
Principal payments on retail notes and certificates (47,545) (182,260) (438,032)
Other financing activities (19,833) (9,028) (9,295)
Net cash provided by financing activities 789,567 2,795,130 349,642
Net Increase in Cash, Cash Equivalents and Restricted Cash 169,664 360,898 135,101
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 1,124,484 763,586 628,485
Cash, Cash Equivalents and Restricted Cash, End of Period 1,294,148 1,124,484 763,586
Parent      
Cash Flows from Operating Activities:      
Net income 38,939 236,637 71,628
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings of subsidiary (34,581) (127,277) (79,291)
Income tax benefit (2,203) (125,954) (44,013)
Net fair value adjustments (2,903) (5,929) (5,936)
Reversal of credit losses 0 0 (3,382)
Change in fair value of loan servicing assets 50,281 33,840 37,138
Stock-based compensation, net 5,253 6,310 14,506
Depreciation and amortization 16,979 27,342 39,716
Gain on sales of loans 0 0 (3,372)
Other, net 274 16 9,326
Net change to loans held for sale 5,953 31,658 90,609
Net change in operating assets and liabilities:      
Other assets (30,602) 42,219 (29,556)
Other liabilities (30,741) (38,258) (95,737)
Net cash (used for) provided by operating activities 16,649 80,604 1,636
Cash Flows from Investing Activities:      
Acquisition of company 0 0 (145,344)
Payments for investments in and advances to subsidiary 0 (50,000) (250,001)
Purchase of servicing asset investment (50,576) (59,880) 0
Proceeds from servicing asset investment 72,343 24,564 0
Net change in loans and leases 5,066 4,443 1,360
Net decrease in retail and certificate loans 47,545 171,853 437,870
Proceeds from maturities and paydowns of securities available for sale 7,861 46,548 103,258
Purchases of property, equipment and software, net 0 0 (1,811)
Other investing activities 200 2,370 8,804
Net cash provided by (used for) investing activities 82,439 139,898 154,136
Cash Flows from Financing Activities:      
Principal payments on retail notes and certificates (47,545) (182,260) (438,032)
Principal payments on Structured Program borrowings (4,073) (21,423) (90,187)
Principal payments on short-term borrowings (2,619) (25,415) (81,935)
Principal payments on long term debt 0 (15,300) 0
Other financing activities (19,834) (9,028) (9,295)
Net cash provided by financing activities (74,071) (253,426) (619,449)
Net Increase in Cash, Cash Equivalents and Restricted Cash 25,017 (32,924) (463,677)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 131,884 164,808 628,485
Cash, Cash Equivalents and Restricted Cash, End of Period $ 156,901 $ 131,884 $ 164,808
[1] See “Notes to Consolidated Financial Statements – Note 4. Earnings Per Share” for additional information.