Form 10-K
GREENSKY, INC. filed this Form 10-K on 03/15/2019
Document Outline
Entire Document (10281.5 KB)
Subdocument 1 - 10-K - 10-K
Page 1 - UNITED STATES
Page 2 - GreenSky, Inc.
Page 3 - CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Page 4 - PART I
Page 5 - Seasonality.
Page 6 - Superior customer service.
Page 7 - Significant flexibility and processing capabilities.
Page 8 - Competition
Page 9 - Risks Related to Our Business and the Consumer Financial Services Industry
Page 10 - A large percentage of our revenue is concentrated with our top ten merchants, and the loss of a sign
Page 11 - Our results depend, to a significant extent, on the active and effective promotion and support of th
Page 12 - If we experience negative publicity, we may lose the confidence of our Bank Partners, merchants and
Page 13 - Changes in market interest rates could have an adverse effect on our business.
Page 14 - We own receivables for certain loans, and the non-performance, or even significant underperformance,
Page 15 - Litigation, regulatory actions and compliance issues could subject us to significant fines, penaltie
Page 16 - Regulatory agencies and consumer advocacy groups are becoming more aggressive in asserting disparate
Page 17 - Disruptions in the operation of our computer systems and third-party data centers could have an adve
Page 18 - If the credit decisioning and scoring models we use contain errors or are otherwise ineffective, our
Page 19 - If assumptions or estimates we use in preparing our financial statements are incorrect or are requir
Page 20 - Because our business is heavily concentrated on consumer lending and payments in the U.S. home impro
Page 21 - Our business would suffer if we fail to attract and retain highly skilled employees.
Page 22 - Our risk management processes and procedures may not be effective.
Page 23 - To the extent that we seek to grow through future acquisitions, or other strategic investments or al
Page 24 - Risks Related to Our Regulatory Environment
Page 25 - Our industry is highly regulated and is undergoing regulatory transformation, which has created inhe
Page 26 - The highly regulated environment in which our Bank Partners operate could have an adverse effect on
Page 27 - We are subject to regulatory examinations and investigations and may incur fines, penalties and incr
Page 28 - The contours of the Dodd-Frank UDAAP standard are still uncertain and there is a risk that certain f
Page 29 - Regulations relating to privacy, information security and data protection could increase our costs,
Page 30 - The increased scrutiny of third-party medical financing by governmental agencies may lead to increas
Page 31 - If loans originated through the GreenSky program are found to violate applicable state usury laws or
Page 32 - We may be required to pay additional taxes as a result of the new partnership audit rules.
Page 33 - The owners of the Class B common stock, who also are the Continuing LLC Members, control us and thei
Page 34 - In certain circumstances, including certain changes of control of our Company, payments by us under
Page 35 - If we were deemed to be an investment company under the Investment Company Act of 1940, as amended (
Page 36 - The market price of our Class A common stock may be volatile, which could cause the value of our Cla
Page 37 - Failure to comply with the requirements to design, implement and maintain effective internal control
Page 38 - You may be diluted by the future issuance of additional Class A common stock in connection with our
Page 39 - Our capital structure may have a negative impact on our stock price.
Page 40 - If securities and industry analysts do not publish research or publish inaccurate or unfavorable res
Page 41 - PART II
Page 42 - The stock price performance included in this graph is not necessarily indicative of future stock pri
Page 43 - ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Dolla
Page 44 - Executive Summary
Page 45 - N/A
Page 46 - Business Metrics
Page 47 - Increasing Bank Partner Commitments.
Page 48 - Components of Results of Operations
Page 49 - Operating Expenses
Page 50 - Results of Operations Summary
Page 51 - 2017 vs. 2016.
Page 52 - Fair value change in FCR liability
Page 53 - 2017 vs. 2016.
Page 54 - 2017 vs. 2016.
Page 55 - Net income attributable to noncontrolling interests
Page 56 - Liquidity and Capital Resources
Page 57 - Cash flows
Page 58 - Cash provided by operating activities
Page 59 - Cash used in investing activities
Page 60 - Borrowings
Page 61 - Contractual Obligations
Page 62 - Recently Adopted or Issued Accounting Standards
Page 63 - ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK (Dollars in thousands unless oth
Page 64 - Loan receivables held for sale.
Page 65 - ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Page 66 - Report of Independent Registered Public Accounting Firm
Page 67 - GreenSky, Inc.
Page 68 - GreenSky, Inc.
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Page 108 - GreenSky, Inc.
Page 109 - ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
Page 110 - ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
Page 111 - N/A
Page 112 - N/A
Page 113 - ITEM 16. FORM 10-K SUMMARY
Page 114 - SIGNATURES
Page 115 - Schedule II. Valuation and Qualifying Accounts
Subdocument 2 - EX-10.1A - EXHIBIT 10.1A
Page 1 - Exhibit 10.1(a)
Page 2 - Exhibit 10.1(a)
Page 3 - Exhibit 10.1(a)
Page 4 - Exhibit 10.1(a)
Page 5 - Exhibit 10.1(a)
Page 6 - Exhibit 10.1(a)
Subdocument 3 - EX-10.1B - EXHIBIT 10.1B
Page 1 - Exhibit 10.1(b)
Page 2 - Exhibit 10.1(b)
Page 3 - Exhibit 10.1(b)
Page 4 - Exhibit 10.1(b)
Page 5 - Exhibit 10.1(b)
Page 6 - Exhibit 10.1(b)
Subdocument 4 - EX-10.1C - EXHIBIT 10.1C
Page 1 - Exhibit 10.1(c)
Page 2 - Exhibit 10.1(c)
Page 3 - Exhibit 10.1(c)
Page 4 - Exhibit 10.1(c)
Page 5 - Exhibit 10.1(c)
Page 6 - Exhibit 10.1(c)
Subdocument 5 - EX-10.1D - EXHIBIT 10.1D
Page 1 - Exhibit 10.1(d)
Page 2 - Exhibit 10.1(d)
Page 3 - Exhibit 10.1(d)
Page 4 - Exhibit 10.1(d)
Page 5 - Exhibit 10.1(d)
Subdocument 6 - EX-15.A - EXHIBIT 15.A
Page 1 - Exhibit 10.15(a)
Page 2 - Exhibit 10.15(a)
Page 3 - Exhibit 10.15(a)
Page 4 - Exhibit 10.15(a)
Subdocument 7 - EX-15.B - EXHIBIT 15.B
Page 1 - Exhibit 10.15(b)
Page 2 - Exhibit 10.15(b)
Subdocument 8 - EX-16.C - EXHIBIT 16.C
Page 1 - Exhibit 10.16(c)
Page 2 - Exhibit 10.16(c)
Subdocument 9 - EX-16.G - EXHIBIT 16.G
Page 1 - Exhibit 10.16(g)
Page 2 - Exhibit 10.16(g)
Page 3 - Exhibit 10.16(g)
Subdocument 10 - EX-16.H - EXHIBIT 16.H
Page 1 - Exhibit 10.16(h)
Page 2 - Exhibit 10.16(h)
Subdocument 11 - EX-17.B - EXHIBIT 17.B
Page 1 - Exhibit 10.17(b)
Page 2 - Exhibit 10.17(b)
Subdocument 12 - EX-18 - EXHIBIT 18
Page 1 - Exhibit 10.18
Page 2 - Exhibit 10.18
Page 3 - Exhibit 10.18
Page 4 - Exhibit 10.18
Page 5 - Exhibit 10.18
Page 6 - Exhibit 10.18
Page 7 - Exhibit 10.18
Page 8 - Exhibit 10.18
Page 9 - Exhibit 10.18
Page 10 - Exhibit 10.18
Page 11 - Exhibit 10.18
Page 12 - Exhibit 10.18
Page 13 - Exhibit 10.18
Page 14 - Exhibit 10.18
Page 15 - Exhibit 10.18
Page 16 - Exhibit 10.18
Page 17 - Exhibit 10.18
Page 18 - Exhibit 10.18
Page 19 - Exhibit 10.18
Page 20 - Exhibit 10.18
Page 21 - Exhibit 10.18
Page 22 - Exhibit 10.18
Page 23 - Exhibit 10.18
Page 24 - Exhibit 10.18
Page 25 - Exhibit 10.18
Page 26 - Exhibit 10.18
Page 27 - Exhibit 10.18
Page 28 - Exhibit 10.18
Page 29 - Exhibit 10.18
Page 30 - Exhibit 10.18
Page 31 - Exhibit 10.18
Page 32 - Exhibit 10.18
Page 33 - Exhibit 10.18
Page 34 - Exhibit 10.18
Page 35 - Exhibit 10.18
Page 36 - Exhibit 10.18
Page 37 - Exhibit 10.18
Page 38 - Exhibit 10.18
Page 39 - Exhibit 10.18
Page 40 - Exhibit 10.18
Page 41 - Exhibit 10.18
Page 42 - Exhibit 10.18
Page 43 - Exhibit 10.18
Page 44 - Exhibit 10.18
Page 45 - Exhibit 10.18
Page 46 - Exhibit 10.18
Page 47 - Exhibit 10.18
Page 48 - Exhibit 10.18
Page 49 - Exhibit 10.18
Page 50 - Exhibit 10.18
Page 51 - Exhibit 10.18
Subdocument 13 - EX-18.A - EXHIBIT 18.A
Page 1 - Exhibit 10.18(a)
Page 2 - Exhibit 10.18(a)
Page 3 - Exhibit 10.18(a)
Page 4 - Exhibit 10.18(a)
Page 5 - Exhibit 10.18(a)
Page 6 - Exhibit 10.18(a)
Page 7 - Exhibit 10.18(a)
Page 8 - Exhibit 10.18(a)
Page 9 - Exhibit 10.18(a)
Page 10 - Exhibit 10.18(a)
Page 11 - Exhibit 10.18(a)
Page 12 - Exhibit 10.18(a)
Page 13 - Exhibit 10.18(a)
Page 14 - Exhibit 10.18(a)
Page 15 - Exhibit 10.18(a)
Page 16 - Exhibit 10.18(a)
Page 17 - Exhibit 10.18(a)
Page 18 - Exhibit 10.18(a)
Page 19 - Exhibit 10.18(a)
Page 20 - Exhibit 10.18(a)
Page 21 - Exhibit 10.18(a)
Page 22 - Exhibit 10.18(a)
Page 23 - Exhibit 10.18(a)
Page 24 - Exhibit 10.18(a)
Page 25 - Exhibit 10.18(a)
Page 26 - Exhibit 10.18(a)
Page 27 - Exhibit 10.18(a)
Page 28 - Exhibit 10.18(a)
Page 29 - Exhibit 10.18(a)
Page 30 - Exhibit 10.18(a)
Page 31 - Exhibit 10.18(a)
Page 32 - Exhibit 10.18(a)
Page 33 - Exhibit 10.18(a)
Page 34 - Exhibit 10.18(a)
Page 35 - Exhibit 10.18(a)
Page 36 - Exhibit 10.18(a)
Page 37 - Exhibit 10.18(a)
Page 38 - Exhibit 10.18(a)
Page 39 - Exhibit 10.18(a)
Page 40 - Exhibit 10.18(a)
Subdocument 14 - EX-21.1 - EXHIBIT 21.1
Page 1 - N/A
Subdocument 15 - EX-23.1 - EXHIBIT 23.1
Page 1 - N/A
Subdocument 16 - EX-31.1 - EXHIBIT 31.1
Page 1 - N/A
Subdocument 17 - EX-31.2 - EXHIBIT 31.2
Page 1 - N/A
Subdocument 18 - EX-32.1 - EXHIBIT 32.1
Page 1 - N/A
Subdocument 19 - EX-32.2 - EXHIBIT 32.2
Page 1 - N/A
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