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10-Q Filing

NELNET INC CIK: 1258602 Q2 2015
Filing Information
Form Type 10-Q
Accession Number 0001258602-15-000034
Period End Date 20150630
Filing Date 20150806
Fiscal Year 2015
Fiscal Period Q2
XBRL Instance nni-20150630.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $52.47M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $50.02M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $54.63M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $48.90M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $55.12M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $51.16M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $1.66M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $1.96M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, authorized shares PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred stock, authorized shares PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, issued shares PreferredStockSharesIssued 0.00 shares Point-in-time
Student loans receivable (net of allowance for loan losses) NotesReceivableNet $28.10B USD Point-in-time
Student loans receivable (net of allowance for loan losses) NotesReceivableNet $28.01B USD Point-in-time
Preferred stock, outstanding shares PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, outstanding shares PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents - not held at a related party CashAndCashEquivalentsNotHeldAtRelatedParty $32.22M USD Point-in-time
Cash and cash equivalents - not held at a related party CashAndCashEquivalentsNotHeldAtRelatedParty $37.78M USD Point-in-time
Cash and cash equivalents - held at a related party CashAndCashEquivalentsRelatedParty $92.70M USD Point-in-time
Cash and cash equivalents - held at a related party CashAndCashEquivalentsRelatedParty $150.06M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $63.27M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $92.10M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $182.28M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $130.48M USD Point-in-time
Investments and notes receivable Investments $245.75M USD Point-in-time
Investments and notes receivable Investments $235.71M USD Point-in-time
Restricted cash and investments RestrictedCashAndInvestments $850.44M USD Point-in-time
Restricted cash and investments RestrictedCashAndInvestments $857.85M USD Point-in-time
Restricted cash - due to customers RestrictedCashDueToCustomers $118.49M USD Point-in-time
Restricted cash - due to customers RestrictedCashDueToCustomers $117.82M USD Point-in-time
Accrued interest receivable InterestReceivable $364.21M USD Point-in-time
Accrued interest receivable InterestReceivable $351.59M USD Point-in-time
Accounts receivable (net of allowance for doubtful accounts) AccountsReceivableNet $60.89M USD Point-in-time
Accounts receivable (net of allowance for doubtful accounts) AccountsReceivableNet $50.55M USD Point-in-time
Goodwill Goodwill $126.20M USD Point-in-time
Goodwill Goodwill $126.20M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $37.78M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $42.58M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $45.89M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $48.05M USD Point-in-time
Other assets OtherAssets $80.00M USD Point-in-time
Other assets OtherAssets $76.62M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue $64.39M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue $30.22M USD Point-in-time
Total assets Assets $30.10B USD Point-in-time
Total assets Assets $30.25B USD Point-in-time
Bonds and notes payable DebtAndCapitalLeaseObligations $28.07B USD Point-in-time
Bonds and notes payable DebtAndCapitalLeaseObligations $28.03B USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $28.86M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $25.90M USD Point-in-time
Other liabilities OtherLiabilities $157.10M USD Point-in-time
Other liabilities OtherLiabilities $167.88M USD Point-in-time
Due to customers PayablesToCustomers $118.49M USD Point-in-time
Due to customers PayablesToCustomers $117.82M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue $67.13M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue $32.84M USD Point-in-time
Total liabilities Liabilities $28.37B USD Point-in-time
Total liabilities Liabilities $28.44B USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $17.29M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital - USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.70B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.80B USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $5.13M USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $3.28M USD Point-in-time
Total Nelnet, Inc. shareholders' equity StockholdersEquity $1.81B USD Point-in-time
Total Nelnet, Inc. shareholders' equity StockholdersEquity $1.73B USD Point-in-time
Noncontrolling interest MinorityInterest $230.00K USD Point-in-time
Noncontrolling interest MinorityInterest $300.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.78B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $30.25B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $30.10B USD Point-in-time
Income Statement 108 line items
Line Item Tag Value Unit Period
Loan interest LoanInterest $175.47M USD 1 Quarter
Loan interest LoanInterest $347.78M USD 2 Qtrs
Loan interest LoanInterest $175.84M USD 1 Quarter
Loan interest LoanInterest $332.36M USD 2 Qtrs
Investment interest InvestmentIncomeInterest $3.46M USD 2 Qtrs
Investment interest InvestmentIncomeInterest $4.09M USD 2 Qtrs
Investment interest InvestmentIncomeInterest $1.48M USD 1 Quarter
Investment interest InvestmentIncomeInterest $1.89M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $176.95M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $177.72M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $351.87M USD 2 Qtrs
Total interest income InterestAndDividendIncomeOperating $335.82M USD 2 Qtrs
Interest on bonds and notes payable InterestExpense $144.18M USD 2 Qtrs
Interest on bonds and notes payable InterestExpense $69.23M USD 1 Quarter
Interest on bonds and notes payable InterestExpense $72.63M USD 1 Quarter
Interest on bonds and notes payable InterestExpense $129.24M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $206.58M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $207.69M USD 2 Qtrs
Net interest income InterestIncomeExpenseNet $107.71M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $105.10M USD 1 Quarter
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $4.00M USD 2 Qtrs
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $2.15M USD 1 Quarter
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $4.15M USD 2 Qtrs
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $1.50M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $202.58M USD 2 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $102.95M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $106.21M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $203.54M USD 2 Qtrs
Loan and guaranty servicing revenue ServicingFeesNet $121.64M USD 2 Qtrs
Loan and guaranty servicing revenue ServicingFeesNet $131.22M USD 2 Qtrs
Loan and guaranty servicing revenue ServicingFeesNet $66.46M USD 1 Quarter
Loan and guaranty servicing revenue ServicingFeesNet $63.83M USD 1 Quarter
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $21.83M USD 1 Quarter
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $27.69M USD 1 Quarter
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $47.07M USD 2 Qtrs
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $62.37M USD 2 Qtrs
Enrollment services revenue EnrollmentServicesRevenue $35.02M USD 2 Qtrs
Enrollment services revenue EnrollmentServicesRevenue $17.16M USD 1 Quarter
Enrollment services revenue EnrollmentServicesRevenue $42.16M USD 2 Qtrs
Enrollment services revenue EnrollmentServicesRevenue $20.14M USD 1 Quarter
Other income OtherIncome $15.31M USD 1 Quarter
Other income OtherIncome $33.45M USD 2 Qtrs
Other income OtherIncome $14.42M USD 2 Qtrs
Other income OtherIncome $7.50M USD 1 Quarter
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet $57.00K USD 2 Qtrs
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet $18.00K USD 1 Quarter
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet $1.51M USD 1 Quarter
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet $4.39M USD 2 Qtrs
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $3.42M USD 2 Qtrs
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $1.57M USD 1 Quarter
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $6.50M USD 1 Quarter
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $-2.69M USD 2 Qtrs
Total other income NoninterestIncome $125.34M USD 1 Quarter
Total other income NoninterestIncome $251.25M USD 2 Qtrs
Total other income NoninterestIncome $124.20M USD 1 Quarter
Total other income NoninterestIncome $241.27M USD 2 Qtrs
Salaries and benefits LaborAndRelatedExpense $58.79M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $53.89M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $119.84M USD 2 Qtrs
Salaries and benefits LaborAndRelatedExpense $106.37M USD 2 Qtrs
Cost to provide enrollment services CostOfServices $13.31M USD 1 Quarter
Cost to provide enrollment services CostOfServices $27.79M USD 2 Qtrs
Cost to provide enrollment services CostOfServices $11.16M USD 1 Quarter
Cost to provide enrollment services CostOfServices $22.86M USD 2 Qtrs
Loan servicing fees Servicingexpenses $7.32M USD 1 Quarter
Loan servicing fees Servicingexpenses $7.42M USD 1 Quarter
Loan servicing fees Servicingexpenses $12.72M USD 2 Qtrs
Loan servicing fees Servicingexpenses $15.04M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $5.21M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $12.16M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $10.00M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $6.50M USD 1 Quarter
Other OtherExpenses $33.06M USD 1 Quarter
Other OtherExpenses $63.28M USD 2 Qtrs
Other OtherExpenses $31.96M USD 1 Quarter
Other OtherExpenses $61.16M USD 2 Qtrs
Total operating expenses OperatingExpenses $115.83M USD 1 Quarter
Total operating expenses OperatingExpenses $220.16M USD 2 Qtrs
Total operating expenses OperatingExpenses $112.79M USD 1 Quarter
Total operating expenses OperatingExpenses $231.06M USD 2 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $118.77M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $213.75M USD 2 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $111.32M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $233.68M USD 2 Qtrs
Income tax expense IncomeTaxExpenseBenefit $43.08M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $40.36M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $77.99M USD 2 Qtrs
Income tax expense IncomeTaxExpenseBenefit $83.69M USD 2 Qtrs
Net income ProfitLoss $135.77M USD 2 Qtrs
Net income ProfitLoss $70.96M USD 1 Quarter
Net income ProfitLoss $149.99M USD 2 Qtrs
Net income ProfitLoss $75.69M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $95.00K USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.21M USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $54.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $693.00K USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $74.99M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $135.67M USD 2 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $70.91M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $148.78M USD 2 Qtrs
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $1.54 USD 1 Quarter
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $3.20 USD 2 Qtrs
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $1.61 USD 1 Quarter
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $2.94 USD 2 Qtrs
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 46.53M shares 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 46.53M shares 2 Qtrs
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 46.13M shares 2 Qtrs
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45.95M shares 1 Quarter
Cash Flow Statement 114 line items
Line Item Tag Value Unit Period
Net income attributable to Nelnet, Inc. NetIncomeLoss $74.99M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $135.67M USD 2 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $70.91M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $148.78M USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $95.00K USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.21M USD 2 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $54.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $693.00K USD 1 Quarter
Net income ProfitLoss $135.77M USD 2 Qtrs
Net income ProfitLoss $70.96M USD 1 Quarter
Net income ProfitLoss $149.99M USD 2 Qtrs
Net income ProfitLoss $75.69M USD 1 Quarter
Depreciation and amortization, including debt discounts and student loan premiums and deferred origination costs DepreciationDepletionAndAmortization $60.19M USD 2 Qtrs
Depreciation and amortization, including debt discounts and student loan premiums and deferred origination costs DepreciationDepletionAndAmortization $49.21M USD 2 Qtrs
Student loan discount accretion StudentLoanDiscountAccretion $-21.09M USD 2 Qtrs
Student loan discount accretion StudentLoanDiscountAccretion $-21.51M USD 2 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $4.00M USD 2 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $2.15M USD 1 Quarter
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $4.15M USD 2 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $1.50M USD 1 Quarter
Derivative market value adjustment DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-19.46M USD 2 Qtrs
Derivative market value adjustment DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $7.95M USD 2 Qtrs
Foreign currency transaction adjustment ForeignCurrencyTransactionGainLossUnrealized $33.54M USD 2 Qtrs
Foreign currency transaction adjustment ForeignCurrencyTransactionGainLossUnrealized $1.80M USD 2 Qtrs
Proceeds from termination of derivative instruments Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds - USD 2 Qtrs
Proceeds from termination of derivative instruments Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds $-51.95M USD 2 Qtrs
Payment to enter into interest rate caps IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $585.00K USD 2 Qtrs
Payment to enter into interest rate caps IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities - USD 2 Qtrs
Gain on sale of loans GainOnSaleOfFinancingReceivables $351.00K USD 2 Qtrs
Gain on sale of loans GainOnSaleOfFinancingReceivables - USD 2 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $18.00K USD 1 Quarter
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $4.04M USD 2 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $57.00K USD 2 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $1.51M USD 1 Quarter
Gain from sales of available-for-sale securities, net AvailableForSaleSecuritiesGrossRealizedGainLossNet $8.31M USD 2 Qtrs
Gain from sales of available-for-sale securities, net AvailableForSaleSecuritiesGrossRealizedGainLossNet $2.30M USD 2 Qtrs
Payments for purchases of trading securities, net ProceedsFromPaymentsForTradingSecurities $-11.70M USD 2 Qtrs
Payments for purchases of trading securities, net ProceedsFromPaymentsForTradingSecurities - USD 2 Qtrs
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $5.65M USD 2 Qtrs
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $3.12M USD 2 Qtrs
Other OtherNoncashIncomeExpense $-6.38M USD 2 Qtrs
Other OtherNoncashIncomeExpense $-4.97M USD 2 Qtrs
Increase in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $743.00K USD 2 Qtrs
Increase in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $3.57M USD 2 Qtrs
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $695.00K USD 2 Qtrs
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $10.34M USD 2 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $1.97M USD 2 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-1.38M USD 2 Qtrs
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $1.43M USD 2 Qtrs
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $2.57M USD 2 Qtrs
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-16.69M USD 2 Qtrs
Decrease in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-4.53M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $191.99M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $156.47M USD 2 Qtrs
Purchases of student loans and student loan residual interests PaymentsToAcquireFinanceReceivables $1.64B USD 2 Qtrs
Purchases of student loans and student loan residual interests PaymentsToAcquireFinanceReceivables $2.84B USD 2 Qtrs
Net proceeds from student loan repayments, claims, capitalized interest, participations, and other ProceedsFromCollectionOfFinanceReceivables $1.95B USD 2 Qtrs
Net proceeds from student loan repayments, claims, capitalized interest, participations, and other ProceedsFromCollectionOfFinanceReceivables $1.71B USD 2 Qtrs
Proceeds from sale of student loans ProceedsFromSaleOfFinanceReceivables $4.00M USD 2 Qtrs
Proceeds from sale of student loans ProceedsFromSaleOfFinanceReceivables $6.00K USD 2 Qtrs
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $135.89M USD 2 Qtrs
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $5.55M USD 2 Qtrs
Proceeds from sales of available-for-sale securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $47.95M USD 2 Qtrs
Proceeds from sales of available-for-sale securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $195.94M USD 2 Qtrs
Purchases of investments and issuance of notes receivable PaymentsForProceedsFromOtherInvestingActivities $27.01M USD 2 Qtrs
Purchases of investments and issuance of notes receivable PaymentsForProceedsFromOtherInvestingActivities $53.77M USD 2 Qtrs
Proceeds from investments and notes receivable ProceedsFromCollectionOfOtherReceivables $8.82M USD 2 Qtrs
Proceeds from investments and notes receivable ProceedsFromCollectionOfOtherReceivables $3.82M USD 2 Qtrs
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $9.52M USD 2 Qtrs
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $9.02M USD 2 Qtrs
Increase (decrease) in restricted cash and investments, net IncreaseDecreaseInRestrictedCashAndInvestments $-16.53M USD 2 Qtrs
Increase (decrease) in restricted cash and investments, net IncreaseDecreaseInRestrictedCashAndInvestments $27.25M USD 2 Qtrs
Business and asset acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 2 Qtrs
Business and asset acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $45.58M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $324.25M USD 2 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-1.18B USD 2 Qtrs
Payments on bonds and notes payable RepaymentsOfDebtAndCapitalLeaseObligations $2.63B USD 2 Qtrs
Payments on bonds and notes payable RepaymentsOfDebtAndCapitalLeaseObligations $1.82B USD 2 Qtrs
Proceeds from issuance of bonds and notes payable ProceedsFromIssuanceOfDebt $2.90B USD 2 Qtrs
Proceeds from issuance of bonds and notes payable ProceedsFromIssuanceOfDebt $2.23B USD 2 Qtrs
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $12.24M USD 2 Qtrs
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $8.71M USD 2 Qtrs
Dividends paid PaymentsOfDividends $9.17M USD 2 Qtrs
Dividends paid PaymentsOfDividends $9.28M USD 2 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $9.30M USD 2 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $51.03M USD 2 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $431.00K USD 2 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $295.00K USD 2 Qtrs
Issuance of noncontrolling interest ProceedsFromMinorityShareholders $201.00K USD 2 Qtrs
Issuance of noncontrolling interest ProceedsFromMinorityShareholders $19.00K USD 2 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-44.00K USD 1 Quarter
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-1.35M USD 2 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-1.06M USD 1 Quarter
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-44.00K USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-464.44M USD 2 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.05B USD 2 Qtrs
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $28.83M USD 2 Qtrs
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $51.80M USD 2 Qtrs
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $63.27M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $92.10M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $182.28M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $130.48M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $63.27M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $92.10M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $182.28M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $130.48M USD Point-in-time
Interest InterestPaid $108.44M USD 2 Qtrs
Interest InterestPaid $97.67M USD 2 Qtrs
Income taxes, net of refunds IncomeTaxesPaidNet $83.71M USD 2 Qtrs
Income taxes, net of refunds IncomeTaxesPaidNet $67.21M USD 2 Qtrs
Investing activity - student loans and other assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $2.57B USD 2 Qtrs
Investing activity - student loans and other assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $517.85M USD 2 Qtrs
Financing activity - borrowings and other liabilities assumed in acquisition of student loans NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $2.44B USD 2 Qtrs
Financing activity - borrowings and other liabilities assumed in acquisition of student loans NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $451.85M USD 2 Qtrs
Stockholders Equity 44 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.78B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.44B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Issuance of noncontrolling interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $19.00K USD 2 Qtrs
Issuance of noncontrolling interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $201.00K USD 2 Qtrs
Issuance of noncontrolling interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $19.00K USD 1 Quarter
Net income ProfitLoss $135.77M USD 2 Qtrs
Net income ProfitLoss $70.96M USD 1 Quarter
Net income ProfitLoss $149.99M USD 2 Qtrs
Net income ProfitLoss $75.69M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $2.89M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-1.85M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-1.59M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $750.00K USD 2 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-44.00K USD 1 Quarter
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-1.35M USD 2 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-1.06M USD 1 Quarter
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-44.00K USD 2 Qtrs
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $9.28M USD 2 Qtrs
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $9.17M USD 2 Qtrs
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $4.64M USD 1 Quarter
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $4.56M USD 1 Quarter
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $3.41M USD 2 Qtrs
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $945.00K USD 1 Quarter
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $3.13M USD 2 Qtrs
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $883.00K USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.01M USD 2 Qtrs
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.14M USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.35M USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.71M USD 2 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $51.03M USD 2 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $43.09M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $9.30M USD 2 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $8.44M USD 1 Quarter
Conversion of Common Stock, Amount Converted ConversionOfStockAmountConverted1 - USD 2 Qtrs
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.51B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.78B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.44B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Comprehensive Income 32 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $135.77M USD 2 Qtrs
Net income ProfitLoss $70.96M USD 1 Quarter
Net income ProfitLoss $149.99M USD 2 Qtrs
Net income ProfitLoss $75.69M USD 1 Quarter
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $9.50M USD 2 Qtrs
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-649.00K USD 2 Qtrs
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-436.00K USD 1 Quarter
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $5.83M USD 1 Quarter
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $1.24M USD 1 Quarter
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $8.31M USD 2 Qtrs
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $2.09M USD 1 Quarter
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $2.30M USD 2 Qtrs
Income tax effect OtherComprehensiveIncomeLossTax $-1.09M USD 2 Qtrs
Income tax effect OtherComprehensiveIncomeLossTax $440.00K USD 2 Qtrs
Income tax effect OtherComprehensiveIncomeLossTax $1.70M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $-940.00K USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $2.89M USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-1.85M USD 2 Qtrs
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-1.59M USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $750.00K USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $78.58M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $133.92M USD 2 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $69.37M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $150.74M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $693.00K USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $54.00K USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.21M USD 2 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $95.00K USD 2 Qtrs
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $69.32M USD 1 Quarter
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $133.82M USD 2 Qtrs
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $77.88M USD 1 Quarter
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $149.53M USD 2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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