2020 Q4 Form 10-Q Financial Statement

#000140997020001376 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $103.0M $74.71M $204.9M
YoY Change -45.35% -63.54% 10.97%
Cost Of Revenue $27.10M $32.40M $55.10M
YoY Change -45.03% -41.2% -39.18%
Gross Profit $75.90M $74.70M $204.9M
YoY Change -59.73% -63.54% 11.0%
Gross Profit Margin 73.69% 99.98% 100.0%
Selling, General & Admin $73.70M $61.53M $135.7M
YoY Change -40.96% -54.67% 3.58%
% of Gross Profit 97.1% 82.37% 66.25%
Research & Development $29.20M $31.98M $41.46M
YoY Change -28.92% -22.85% 0.58%
% of Gross Profit 38.47% 42.82% 20.23%
Depreciation & Amortization $12.20M $12.30M $13.80M
YoY Change -19.74% -10.87% -11.54%
% of Gross Profit 16.07% 16.47% 6.73%
Operating Expenses $102.8M $109.1M $205.2M
YoY Change -45.35% -46.82% -1.08%
Operating Profit -$26.90M -$34.41M -$291.0K
YoY Change -7032.99% 11725.43% -98.73%
Interest Expense $33.48M $55.06M
YoY Change -39.2% -39.26%
% of Operating Profit
Other Income/Expense, Net $11.85M
YoY Change
Pretax Income -$27.00M -$34.40M -$295.0K
YoY Change -7319.25% 11560.68% -98.71%
Income Tax -$300.0K -$74.00K $97.00K
% Of Pretax Income
Net Earnings -$26.70M -$34.33M -$383.0K
YoY Change -11510.26% 8862.14% -98.32%
Net Earnings / Revenue -25.92% -45.94% -0.19%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$328.0K -$466.0K $0.00
COMMON SHARES
Basic Shares Outstanding 91.50M shares 90.50M shares 87.59M shares
Diluted Shares Outstanding 87.59M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $525.0M $445.2M $200.0M
YoY Change 115.34% 122.6% -42.53%
Cash & Equivalents $0.00 $445.2M $200.0M
Short-Term Investments
Other Short-Term Assets $16.50M $11.90M $16.10M
YoY Change 10.74% -26.09% -26.82%
Inventory
Prepaid Expenses
Receivables $10.20M $11.40M
Other Receivables $5.200M $6.800M
Total Short-Term Assets $556.9M $475.3M $230.3M
YoY Change 91.64% 106.38% -44.02%
LONG-TERM ASSETS
Property, Plant & Equipment $96.64M $101.0M $117.2M
YoY Change -15.5% -13.82% 6.09%
Goodwill $0.00
YoY Change
Intangibles $11.43M
YoY Change
Long-Term Investments $314.1M $427.3M $960.9M
YoY Change -69.71% -55.53% 50.87%
Other Assets $103.5M $98.90M $277.2M
YoY Change -57.72% -64.32% 34.63%
Total Long-Term Assets $1.306B $1.504B $2.819B
YoY Change -51.47% -46.65% -11.3%
TOTAL ASSETS
Total Short-Term Assets $556.9M $475.3M $230.3M
Total Long-Term Assets $1.306B $1.504B $2.819B
Total Assets $1.863B $1.979B $3.050B
YoY Change -37.52% -35.09% -15.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.700M $3.400M $15.50M
YoY Change -66.06% -78.06% 76.14%
Accrued Expenses $174.1M $178.3M $250.2M
YoY Change -25.79% -28.74% 89.4%
Deferred Revenue
YoY Change
Short-Term Debt $105.0M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $218.1M $216.8M $383.4M
YoY Change -36.41% -43.45% 61.3%
LONG-TERM LIABILITIES
Long-Term Debt $894.6M $1.002B $1.750B
YoY Change -47.67% -42.73% -28.79%
Other Long-Term Liabilities $26.50M $26.70M $28.30M
YoY Change -10.77% -5.65% 6.79%
Total Long-Term Liabilities $921.1M $1.029B $1.778B
YoY Change -47.04% -42.14% -28.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $218.1M $216.8M $383.4M
Total Long-Term Liabilities $921.1M $1.029B $1.778B
Total Liabilities $1.139B $1.246B $2.162B
YoY Change -45.29% -42.38% -20.58%
SHAREHOLDERS EQUITY
Retained Earnings -$786.2M -$759.6M -$548.7M
YoY Change 43.35% 38.43% 8.81%
Common Stock $881.0K $765.0K $886.0K
YoY Change -1.23% -13.66% -79.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00 $19.54M
YoY Change -100.0% -100.0% 0.27%
Treasury Stock Shares 0.000 shares 0.000 shares 460.4K shares
Shareholders Equity $724.2M $733.9M $887.9M
YoY Change
Total Liabilities & Shareholders Equity $1.863B $1.979B $3.050B
YoY Change -37.52% -35.09% -15.05%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$26.70M -$34.33M -$383.0K
YoY Change -11510.26% 8862.14% -98.32%
Depreciation, Depletion And Amortization $12.20M $12.30M $13.80M
YoY Change -19.74% -10.87% -11.54%
Cash From Operating Activities $53.00M $419.4M -$206.9M
YoY Change -148.23% -302.71% 316.3%
INVESTING ACTIVITIES
Capital Expenditures -$6.500M -$5.000M -$11.40M
YoY Change -44.44% -56.14% -8.8%
Acquisitions
YoY Change
Other Investing Activities $121.7M $140.2M $154.6M
YoY Change -30.73% -9.31% -28.69%
Cash From Investing Activities $115.2M $135.2M $143.2M
YoY Change -29.8% -5.59% -29.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -83.70M -483.3M 38.00M
YoY Change 98.81% -1371.84% -114.66%
NET CHANGE
Cash From Operating Activities 53.00M 419.4M -206.9M
Cash From Investing Activities 115.2M 135.2M 143.2M
Cash From Financing Activities -83.70M -483.3M 38.00M
Net Change In Cash 84.50M 71.30M -25.70M
YoY Change 598.35% -377.43% -75.43%
FREE CASH FLOW
Cash From Operating Activities $53.00M $419.4M -$206.9M
Capital Expenditures -$6.500M -$5.000M -$11.40M
Free Cash Flow $59.50M $424.4M -$195.5M
YoY Change -160.59% -317.08% 425.54%

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LendingClub Corporation
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DE
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595 Market Street, Suite 200,
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CY2020Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
80061000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2394000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
4178000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
142000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
84239000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1289000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1875000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
35000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
100900000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1324000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
94 position
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
70 position
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
2500000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2020Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
15571000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
3669000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
5640000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
17542000 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
-3800000 USD
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
13742000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
17542000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice
446000 USD
us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice
25915000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
5640000 USD
us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
13742000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Par Value
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtParValue
6086000 USD
us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Par Value
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtParValue
39657000 USD
CY2019Q4 lc Loans Receivable Heldfor Investmentby Company Fair Value Disclosure
LoansReceivableHeldforInvestmentbyCompanyFairValueDisclosure
43693000 USD
CY2019Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
722355000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
270927000 USD
CY2019Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
89680000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
17766000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
17780000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1866000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1874000 USD
CY2020Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
205997000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
187375000 USD
CY2020Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0 USD
CY2019Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
4019000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2396000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
10419000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
8000 USD
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
3000 USD
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
8000 USD
CY2020Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 USD
CY2019Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 USD
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
4000 USD
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 USD
CY2020Q3 lc Loans Receivable Heldfor Investmentby Company Fair Value Disclosure
LoansReceivableHeldforInvestmentbyCompanyFairValueDisclosure
59099000 USD
CY2020Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
180801000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
187375000 USD
CY2020Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
708274000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
59538000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2205970000 USD
CY2020Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1195087000 USD
CY2020Q3 lc Notes And Certificates At Fair Value
NotesAndCertificatesAtFairValue
708597000 USD
CY2020Q3 lc Payableto Structured Program Noteand Certificate Holdersat Fair Value
PayabletoStructuredProgramNoteandCertificateHoldersatFairValue
173410000 USD
CY2020Q3 lc Contractwith Customer Liability Fair Value
ContractwithCustomerLiabilityFairValue
4154000 USD
CY2020Q3 lc Loan Trailing Fee Liabilityat Fair Value
LoanTrailingFeeLiabilityatFairValue
8258000 USD
CY2020Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
894419000 USD
CY2019Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
1079315000 USD
CY2019Q4 lc Notes And Certificates At Fair Value
NotesAndCertificatesAtFairValue
1081466000 USD
CY2019Q4 lc Payableto Structured Program Noteand Certificate Holdersat Fair Value
PayabletoStructuredProgramNoteandCertificateHoldersatFairValue
40610000 USD
CY2019Q4 lc Loan Trailing Fee Liabilityat Fair Value
LoanTrailingFeeLiabilityatFairValue
11099000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1133175000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2020Q3 lc Capitalized Software Development Costs For Internal Use Software
CapitalizedSoftwareDevelopmentCostsForInternalUseSoftware
116378000 USD
CY2019Q4 lc Capitalized Software Development Costs For Internal Use Software
CapitalizedSoftwareDevelopmentCostsForInternalUseSoftware
117510000 USD
CY2020Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
35053000 USD
CY2019Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
39315000 USD
CY2020Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
27034000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
26669000 USD
CY2020Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
17926000 USD
CY2019Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
11846000 USD
CY2020Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
8203000 USD
CY2019Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
9406000 USD
CY2020Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
3084000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
4937000 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
207678000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
209683000 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
106633000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
95313000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101045000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
114370000 USD
CY2020Q3 us-gaap Other Assets
OtherAssets
103625000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
143668000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12200000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14500000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 USD
CY2020Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2020Q3 lc Transaction Fee Refund Reserve
TransactionFeeRefundReserve
16207000 USD
CY2019Q4 lc Transaction Fee Refund Reserve
TransactionFeeRefundReserve
25541000 USD
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
22342000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
16000000 USD
CY2020Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
12873000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
36797000 USD
CY2020Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
22629000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
30484000 USD
CY2020Q3 lc Trailing Fee Liability
TrailingFeeLiability
8258000 USD
CY2019Q4 lc Trailing Fee Liability
TrailingFeeLiability
11099000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4313000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
13688000 USD
CY2020Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
14294000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
9027000 USD
CY2020Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
100916000 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
142636000 USD
CY2020Q3 lc Numberof Warehouse Credit Facilities
NumberofWarehouseCreditFacilities
2 credit_facility
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q3 lc Permissible Transfer Maximum Receiptofany Classof Voting Securities Percent
PermissibleTransferMaximumReceiptofanyClassofVotingSecuritiesPercent
0.02
CY2020Q3 lc Permissible Transfer Maximum Controlof Transfereeof Company Voting Securities Priorto Transfer Percent
PermissibleTransferMaximumControlofTransfereeofCompanyVotingSecuritiesPriortoTransferPercent
0.50
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
50200000 USD
lc Thresholdof Equity Interestin Company Triggering Dilution Percent
ThresholdofEquityInterestinCompanyTriggeringDilutionPercent
0.25
lc Thresholdof Ownershipinany Classofthe Companys Voting Securities Triggering Dilution Percent
ThresholdofOwnershipinanyClassoftheCompanysVotingSecuritiesTriggeringDilutionPercent
0.100
lc Shareholder Protection Agreement Maximum Termof Agreement
ShareholderProtectionAgreementMaximumTermofAgreement
P18M
lc Series B Preferred Stock Unit Priceper Unit
SeriesBPreferredStockUnitPriceperUnit
48.00
CY2020Q1 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
19600000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15122000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18095000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47455000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56898000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15122000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18095000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47455000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56898000 USD
us-gaap Lease Cost
LeaseCost
8724000 USD
us-gaap Lease Cost
LeaseCost
11590000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
245000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-341000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P15Y
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Security Deposit
SecurityDeposit
800000 USD
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5500000 USD
CY2020Q2 lc Lessee Numberof Operating Lease Termination Options Exercised
LesseeNumberofOperatingLeaseTerminationOptionsExercised
1 lease_termination_option
CY2020Q2 lc Decreasein Operating Lease Liability
DecreaseinOperatingLeaseLiability
6100000 USD
CY2020Q2 lc Decrease In Operating Lease Rightofuse Asset
DecreaseInOperatingLeaseRightofuseAsset
5300000 USD
CY2020Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
900000 USD
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
3600000 USD
CY2019Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
76226000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
98204000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
2602000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
3442000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
400000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
400000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1100000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1200000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
84000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15277000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4696000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1965000 USD
CY2020Q3 lc Lessee Operating Lease Liability Payments Netof Sublease Income Remainderof Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsNetofSubleaseIncomeRemainderofFiscalYear
2731000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19271000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
6767000 USD
CY2020Q3 lc Lessee Operating Lease Liability Payments Netof Sublease Income Due Year One
LesseeOperatingLeaseLiabilityPaymentsNetofSubleaseIncomeDueYearOne
12504000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14134000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2918000 USD
CY2020Q3 lc Lessee Operating Lease Liability Payments Netof Sublease Income Due Year Two
LesseeOperatingLeaseLiabilityPaymentsNetofSubleaseIncomeDueYearTwo
11216000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10761000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
0 USD
CY2020Q3 lc Lessee Operating Lease Liability Payments Netof Sublease Income Due Year Three
LesseeOperatingLeaseLiabilityPaymentsNetofSubleaseIncomeDueYearThree
10761000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11072000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
0 USD
CY2020Q3 lc Lessee Operating Lease Liability Payments Netof Sublease Income Due Year Four
LesseeOperatingLeaseLiabilityPaymentsNetofSubleaseIncomeDueYearFour
11072000 USD
CY2020Q3 lc Lessee Operating Lease Liabilitytobe Paidafter Year Four
LesseeOperatingLeaseLiabilitytobePaidafterYearFour
68383000 USD
CY2020Q3 lc Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
0 USD
CY2020Q3 lc Lessee Operating Lease Liability Payments Netof Sublease Income Dueafter Year Four
LesseeOperatingLeaseLiabilityPaymentsNetofSubleaseIncomeDueafterYearFour
68383000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
128317000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
11650000 USD
CY2020Q3 lc Lessee Operating Lease Liability Payments Netof Sublease Income Due
LesseeOperatingLeaseLiabilityPaymentsNetofSubleaseIncomeDue
116667000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30113000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
98204000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P8Y3M
CY2020Q3 lc Lessee Operating Lease Not Yet Commenced Undiscounted Future Rent
LesseeOperatingLeaseNotYetCommencedUndiscountedFutureRent
8600000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y1M2D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0576
CY2020Q3 lc Contingent Loan Purchase Commitment Limit
ContingentLoanPurchaseCommitmentLimit
8500000 USD
CY2019Q4 lc Contingent Loan Purchase Commitment Limit
ContingentLoanPurchaseCommitmentLimit
91300000 USD
lc Loan Repurchase Commitment Purchases
LoanRepurchaseCommitmentPurchases
2800000 USD
lc Loan Repurchase Commitment Purchases
LoanRepurchaseCommitmentPurchases
4200000 USD
CY2020Q3 lc Loan Repurchase Commitment Purchases
LoanRepurchaseCommitmentPurchases
414000 USD
CY2020Q3 lc Loan Purchase Commitment Depositsin Period1
LoanPurchaseCommitmentDepositsinPeriod1
9000000.0 USD
lc Investor Loan Purchase Agreement Purchases
InvestorLoanPurchaseAgreementPurchases
28900000 USD
CY2020Q3 lc Investor Loan Purchase Agreement Fair Value
InvestorLoanPurchaseAgreementFairValue
4500000 USD
CY2019Q4 lc Investor Loan Purchase Agreement Fair Value
InvestorLoanPurchaseAgreementFairValue
45700000 USD
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
22300000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
16000000.0 USD
CY2020Q3 us-gaap Restructuring Costs
RestructuringCosts
753000 USD
us-gaap Restructuring Costs
RestructuringCosts
17789000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
50200000 USD

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