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SEC Filings

10-Q
GREENSKY, INC. filed this Form 10-Q on 11/09/2018
Entire Document
 


GreenSky, Inc.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited)
(Dollars in thousands, except share data)
 
GreenSky Holdings, LLC (Prior to Reorganization Transactions)
GreenSky, Inc. Stockholders Equity
 
Additional Paid-in Capital
Retained Earnings
Total
Permanent
Equity
(Deficit)
Temporary
Equity
Class A Shares
Class B Shares
Class A Amount
Class B Amount
Additional Paid-in Capital
Retained Earnings
Noncontrolling Interest
Total
 
Balance at December 31, 2017
$
(554,906
)
$
98,519

$
(456,387
)
$
430,348



$

$

$

$

$

$
(26,039
)
Net income prior to Reorganization Transactions

38,213

38,213









38,213

Issuances prior to Reorganization Transactions
339


339









339

Redemptions prior to Reorganization Transactions
(496
)

(496
)








(496
)
Share-based compensation prior to Reorganization Transactions
2,132


2,132









2,132

Distributions prior to Reorganization Transactions
(37,980
)
(57,003
)
(94,983
)
(16,358
)







(111,341
)
Equity-based payments to non-employees prior to Reorganization Transactions
6


6









6

Effect of Reorganization Transactions
590,905

(79,729
)
511,176

(413,990
)
15,816,268


158


(97,344
)



Issuance of Class A common stock in IPO, net of costs




43,700,000


437


950,553



950,990

Class A common stock option exercises in connection with IPO




125,398


1


(1
)



Purchases of GreenSky Holdings, LLC units in connection with IPO








(901,833
)


(901,833
)
Class B common stock issuances in connection with IPO





128,983,353


129




129

Class A common stock repurchases in connection with IPO




(2,426,198
)

(24
)

(52,988
)


(53,012
)
Issuances of Class A common stock effective on date of IPO




434,783


4


(4
)



Initial effect of the Reorganization Transactions and IPO on noncontrolling interest








69,299


(69,299
)

Net income subsequent to Reorganization Transactions









17,551

49,368

66,919

Forfeited share-based compensation awards subsequent to IPO





(156,739
)






Issuance of unvested Class A common stock awards subsequent to IPO




137,170








Share-based compensation subsequent to Reorganization Transactions








2,172



2,172

Equity-based payments to non-employees subsequent to Reorganization Transactions








6



6

Impact on noncontrolling interest of change in ownership during period








(5,433
)

5,433


Distributions subsequent to Reorganization Transactions









(341
)
(27,035
)
(27,376
)
Class A common stock option exercises subsequent to Reorganization Transactions




9,964




(127
)


(127
)
Deferred tax adjustments related to Reorganization Transactions








47,129



47,129

Balance at September 30, 2018
$

$

$

$

57,797,385

128,826,614

$
576

$
129

$
11,429

$
17,210

$
(41,533
)
$
(12,189
)





6