LendingClub Corp
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity
(In Thousands, Except Share Data)
| Preferred Stock · Common Stock · AdditionalPaid-inCapital · Treasury Stock (1) · Accumulated Other Comprehensive Income (Loss) · AccumulatedDeficit · TotalEquity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2020 | 43,000 | $— | 88,149,510 | $881 | $1,457,816 | — | $— | $1,484 | $(736,010) | $724,171 |
| Stock-based compensation | — | — | — | — | 69,762 | — | — | — | — | 69,762 |
| Net issuances under equity incentive plans | — | — | 4,833,300 | 48 | (9,343) | 4,251 | (92) | — | — | (9,387) |
| Net issuances of stock related to acquisition (2) | — | — | 3,761,114 | 38 | 41,424 | — | — | — | — | 41,462 |
| Exchange of preferred stock for common stock | (43,000) | — | 4,300,000 | 43 | (43) | — | — | — | — | — |
| Retirement of treasury stock | — | — | — | — | — | (4,251) | 92 | — | — | 92 |
| Net unrealized gain on securities available for sale, net of tax | — | — | — | — | — | — | — | 5,562 | — | 5,562 |
| Net income | — | — | — | — | — | — | — | — | 18,580 | 18,580 |
| Balance at December 31, 2021 | — | $— | 101,043,924 | $1,010 | $1,559,616 | — | $— | $7,046 | $(717,430) | $850,242 |
| Stock-based compensation | — | — | — | — | 73,717 | — | — | — | — | 73,717 |
| Net issuances under equity incentive plans | — | — | 5,503,071 | 55 | (4,645) | 7,751 | (98) | — | — | (4,688) |
| Retirement of treasury stock | — | — | — | — | (98) | (7,751) | 98 | — | — | — |
| Net unrealized loss on securities available for sale, net of tax | — | — | — | — | — | — | — | (44,662) | — | (44,662) |
| Net income | — | — | — | — | — | — | — | — | 289,685 | 289,685 |
| Balance at December 31, 2022 | — | $— | 106,546,995 | $1,065 | $1,628,590 | — | $— | $(37,616) | $(427,745) | $1,164,294 |
| Stock-based compensation | — | — | — | — | 61,619 | — | — | — | — | 61,619 |
| Net issuances under equity incentive plans | — | — | 3,863,607 | 39 | (20,381) | — | — | — | — | (20,342) |
| Net unrealized gain on securities available for sale, net of tax | — | — | — | — | — | — | — | 7,312 | — | 7,312 |
| Net income | — | — | — | — | — | — | — | — | 38,939 | 38,939 |
| Balance at December 31, 2023 | — | $— | 110,410,602 | $1,104 | $1,669,828 | — | $— | $(30,304) | $(388,806) | $1,251,822 |
(1) Includes shares that were transferred to the Company to satisfy payment of all or a portion of the exercise price in connection with the exercise of stock options.
(2) Stock issued as part of the consideration paid related to the Acquisition. See “Notes to Consolidated Financial Statements – Note 2. Business Acquisition.”
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.