1. Basis of
Presentation
The
consolidated balance sheets as of March 31, 2013 and
December 31, 2012, the consolidated statements of operations
for the three months ended March 31, 2013 and 2012,
respectively, and the consolidated statements of cash flows for the
three months ended March 31, 2013 and 2012, respectively, have
been prepared by LendingClub Corporation
(“LendingClub”, “we”, “our” the
“Company” and “us”) in conformity with U.S.
generally accepted accounting principles for interim financial
information. Accordingly, they do not include all of the
information and footnotes required by U.S. generally accepted
accounting principles for complete financial statements. The
Company did not have any items of other comprehensive income (loss)
during any of the periods presented in the financial statements as
of and for the three month periods ended March 31, 2013 and
2012, and therefore, the Company is not currently required to
report comprehensive income. In the opinion of management, all
necessary adjustments (which include only normal recurring
adjustments) have been made for a fair presentation of the
financial position, results of operations, and cash flows for the
interim periods presented. The results of operations for the
interim periods are not necessarily indicative of the results for
the full fiscal year.
Free historical financial statements for LendingClub Corp..
See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2013. Compare with LC stock chart to see long term trends.
Data imported from LendingClub Corp. SEC filings. Check original filings before making any investment decision.