LC FY 2021 Earnings Report — LendingClub Corporation Revenue & Financial Results | Market Cap Arena

LendingClub CorporationLC

FY 2021 Earnings

Reported February 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$899M	—	$455M	—	97.4%
Op. Income	$18M	—	-$188M	—	109.8%
Gross Margin	75.7%	—	66.2%	—	9.4pp
Net Margin	2.1%	—	-41.2%	—	43.3pp
EPS (Diluted)	$0.18	—	$-2.07	—	108.7%
Free Cash Flow	$205M	—	$387M	—	-46.9%

Revenue Flow

Item	Amount
REVENUE	$899M
Cost of Revenue	$219M
GROSS PROFIT	$680M
R&D Expenses	$0
Selling & Marketing	$156M
General & Administrative	$288M
SG&A Expenses	$445M
Other Expenses	$217M
Operating Expenses	$661M
Cost & Expenses	$880M
OPERATING INCOME	$18M
Interest Income	$293M
Interest Expense	$80M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	-$136.0K
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$44M
EBIT	$18M
EBITDA	$63M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$899M
Cost of Revenue	$219M
GROSS PROFIT	$680M
R&D Expenses	$0
Selling & Marketing	$156M
General & Administrative	$288M
SG&A Expenses	$445M
Other Expenses	$217M
Operating Expenses	$661M
Cost & Expenses	$880M
OPERATING INCOME	$18M
Interest Income	$293M
Interest Expense	$80M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	-$136.0K
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$44M
EBIT	$18M
EBITDA	$63M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$44M
Stock-Based Compensation	$67M
Deferred Income Tax	$0
Other Non-Cash Items	$94M
Change in Working Capital	$17M
OPERATING CASH FLOW	$240M
Capital Expenditure	-$34M
Acquisitions (Net)	$523M
Purchases of Investments	-$100M
Sales/Maturities of Investments	$250M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$454M
Net Debt Issuance	$359M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	$350M
FREE CASH FLOW	$205M
Net Change in Cash	$135M

Balance Sheet

Item	Amount
Cash & Equivalents	$687M
Short-Term Investments	$264M
Net Receivables	$149M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$175M
Goodwill	$76M
Intangible Assets	$92M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$178M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$4.9B
Account Payables	$101M
Short-Term Debt	$28M
Deferred Revenue	$0
Other Current Liabilities	$3.1B
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$311M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$383M
TOTAL NON-CURRENT LIABILITIES	$786M
TOTAL LIABILITIES	$4.1B
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$717M
Treasury Stock	$0
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$850M
Minority Interest	$0
TOTAL EQUITY	$850M
TOTAL LIABILITIES & EQUITY	$4.9B
Total Debt	$430M
Net Debt	-$257M