LC FY 2022 Earnings Report — LendingClub Corporation Revenue & Financial Results | Market Cap Arena

LendingClub CorporationLC

FY 2022 Earnings

Reported February 9, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.3B	—	$899M	—	41.3%
Op. Income	$153M	—	$18M	—	729.7%
Gross Margin	72.4%	—	75.7%	—	-3.2pp
Net Margin	22.8%	—	2.1%	—	20.7pp
EPS (Diluted)	$2.79	—	$0.18	—	1450.0%
Free Cash Flow	$306M	—	$205M	—	49.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$350M
GROSS PROFIT	$920M
R&D Expenses	$0
Selling & Marketing	$198M
General & Administrative	$339M
SG&A Expenses	$537M
Other Expenses	$230M
Operating Expenses	$767M
Cost & Expenses	$1.1B
OPERATING INCOME	$153M
Interest Income	$557M
Interest Expense	$83M
Other Income/Expenses	$0
INCOME BEFORE TAX	$153M
Income Tax Expense	-$137M
Net Income from Continuing Ops	$290M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$290M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$290M
D&A	$44M
EBIT	$153M
EBITDA	$197M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$350M
GROSS PROFIT	$920M
R&D Expenses	$0
Selling & Marketing	$198M
General & Administrative	$339M
SG&A Expenses	$537M
Other Expenses	$230M
Operating Expenses	$767M
Cost & Expenses	$1.1B
OPERATING INCOME	$153M
Interest Income	$557M
Interest Expense	$83M
Other Income/Expenses	$0
INCOME BEFORE TAX	$153M
Income Tax Expense	-$137M
Net Income from Continuing Ops	$290M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$290M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$290M
D&A	$44M
EBIT	$153M
EBITDA	$197M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$290M
Depreciation & Amortization	$44M
Stock-Based Compensation	$66M
Deferred Income Tax	-$143M
Other Non-Cash Items	$157M
Change in Working Capital	-$38M
OPERATING CASH FLOW	$376M
Capital Expenditure	-$69M
Acquisitions (Net)	$0
Purchases of Investments	-$223M
Sales/Maturities of Investments	$86M
Other Investing Activities	-$2.6B
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$2.8B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	$306M
Net Change in Cash	$361M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$346M
Net Receivables	$191M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$200M
Goodwill	$76M
Intangible Assets	$16M
Long-Term Investments	$5.7B
Tax Assets	$174M
Other Non-Current Assets	$245M
TOTAL NON-CURRENT ASSETS	$6.4B
TOTAL ASSETS	$8.0B
Account Payables	$98M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$6.4B
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$130M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$115M
TOTAL NON-CURRENT LIABILITIES	$322M
TOTAL LIABILITIES	$6.8B
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$428M
Treasury Stock	$0
Accum. Other Comp. Income	-$38M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$8.0B
Total Debt	$210M
Net Debt	-$847M