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10-Q Filing

NELNET INC CIK: 1258602 Q3 2015
Filing Information
Form Type 10-Q
Accession Number 0001258602-15-000041
Period End Date 20150930
Filing Date 20151105
Fiscal Year 2015
Fiscal Period Q3
XBRL Instance nni-20150930.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $50.38M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $50.02M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $55.12M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $52.47M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $48.90M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $51.97M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $1.66M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $2.06M 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
Student loans receivable (net of allowance for loan losses) NotesReceivableNet $28.01B USD Point-in-time
Student loans receivable (net of allowance for loan losses) NotesReceivableNet $28.95B USD 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
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 $37.78M USD Point-in-time
Cash and cash equivalents - not held at a related party CashAndCashEquivalentsNotHeldAtRelatedParty $27.61M 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 $86.89M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $74.58M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $63.27M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $130.48M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Investments and notes receivable Investments $236.01M 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 $895.27M USD Point-in-time
Restricted cash - due to customers RestrictedCashDueToCustomers $100.09M USD Point-in-time
Restricted cash - due to customers RestrictedCashDueToCustomers $118.49M USD Point-in-time
Accrued interest receivable InterestReceivable $351.59M USD Point-in-time
Accrued interest receivable InterestReceivable $380.44M USD Point-in-time
Accounts receivable (net of allowance for doubtful accounts) AccountsReceivableNet $64.64M 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 $35.39M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $42.58M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $46.71M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $45.89M USD Point-in-time
Other assets OtherAssets $76.62M USD Point-in-time
Other assets OtherAssets $76.13M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue $64.39M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue $15.74M USD Point-in-time
Total assets Assets $31.05B USD Point-in-time
Total assets Assets $30.10B USD Point-in-time
Bonds and notes payable DebtAndCapitalLeaseObligations $28.03B USD Point-in-time
Bonds and notes payable DebtAndCapitalLeaseObligations $28.83B USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $31.63M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $25.90M USD Point-in-time
Other liabilities OtherLiabilities $170.61M USD Point-in-time
Other liabilities OtherLiabilities $167.88M USD Point-in-time
Due to customers PayablesToCustomers $100.09M USD Point-in-time
Due to customers PayablesToCustomers $118.49M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue $32.84M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue $80.06M USD Point-in-time
Total liabilities Liabilities $28.37B USD Point-in-time
Total liabilities Liabilities $29.21B 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 $1.44M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.83B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.70B USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.88M USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $5.13M USD Point-in-time
Total Nelnet, Inc. shareholders' equity StockholdersEquity $1.84B USD Point-in-time
Total Nelnet, Inc. shareholders' equity StockholdersEquity $1.73B USD Point-in-time
Noncontrolling interest MinorityInterest $246.00K USD Point-in-time
Noncontrolling interest MinorityInterest $230.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.44B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $31.05B 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 $187.70M USD 1 Quarter
Loan interest LoanInterest $535.48M USD 3 Qtrs
Loan interest LoanInterest $520.22M USD 3 Qtrs
Loan interest LoanInterest $187.86M USD 1 Quarter
Investment interest InvestmentIncomeInterest $1.46M USD 1 Quarter
Investment interest InvestmentIncomeInterest $1.56M USD 1 Quarter
Investment interest InvestmentIncomeInterest $5.02M USD 3 Qtrs
Investment interest InvestmentIncomeInterest $5.55M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $525.25M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $189.16M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $189.42M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $541.03M USD 3 Qtrs
Interest on bonds and notes payable InterestExpense $77.16M USD 1 Quarter
Interest on bonds and notes payable InterestExpense $201.18M USD 3 Qtrs
Interest on bonds and notes payable InterestExpense $221.34M USD 3 Qtrs
Interest on bonds and notes payable InterestExpense $71.94M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $319.68M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $111.99M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $117.49M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $324.07M USD 3 Qtrs
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $3.00M USD 1 Quarter
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $2.00M USD 1 Quarter
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $6.00M USD 3 Qtrs
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $7.15M USD 3 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $115.49M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $318.07M USD 3 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $312.53M USD 3 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $108.99M USD 1 Quarter
Loan and guaranty servicing revenue ServicingFeesNet $61.52M USD 1 Quarter
Loan and guaranty servicing revenue ServicingFeesNet $52.66M USD 1 Quarter
Loan and guaranty servicing revenue ServicingFeesNet $183.88M USD 3 Qtrs
Loan and guaranty servicing revenue ServicingFeesNet $183.16M USD 3 Qtrs
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $73.47M USD 3 Qtrs
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $26.40M USD 1 Quarter
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $92.81M USD 3 Qtrs
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $30.44M USD 1 Quarter
Enrollment services revenue EnrollmentServicesRevenue $22.94M USD 1 Quarter
Enrollment services revenue EnrollmentServicesRevenue $54.52M USD 3 Qtrs
Enrollment services revenue EnrollmentServicesRevenue $19.50M USD 1 Quarter
Enrollment services revenue EnrollmentServicesRevenue $65.09M USD 3 Qtrs
Other income OtherIncome $20.95M USD 3 Qtrs
Other income OtherIncome $41.10M USD 3 Qtrs
Other income OtherIncome $6.52M USD 1 Quarter
Other income OtherIncome $7.65M USD 1 Quarter
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet $4.99M USD 3 Qtrs
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet - USD 1 Quarter
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet $597.00K USD 1 Quarter
Gain on sale of loans and debt repurchases GainOnSaleOfLoansAndDebtRepurchasesNet $57.00K USD 3 Qtrs
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $-30.66M USD 1 Quarter
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $21.51M USD 3 Qtrs
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $24.20M USD 1 Quarter
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $-27.23M USD 3 Qtrs
Total other income NoninterestIncome $133.85M USD 1 Quarter
Total other income NoninterestIncome $329.19M USD 3 Qtrs
Total other income NoninterestIncome $385.10M USD 3 Qtrs
Total other income NoninterestIncome $87.92M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $61.10M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $167.47M USD 3 Qtrs
Salaries and benefits LaborAndRelatedExpense $63.22M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $183.05M USD 3 Qtrs
Cost to provide enrollment services CostOfServices $12.53M USD 1 Quarter
Cost to provide enrollment services CostOfServices $35.40M USD 3 Qtrs
Cost to provide enrollment services CostOfServices $14.18M USD 1 Quarter
Cost to provide enrollment services CostOfServices $41.96M USD 3 Qtrs
Loan servicing fees Servicingexpenses $7.08M USD 1 Quarter
Loan servicing fees Servicingexpenses $7.79M USD 1 Quarter
Loan servicing fees Servicingexpenses $19.80M USD 3 Qtrs
Loan servicing fees Servicingexpenses $22.83M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $6.98M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $15.49M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $19.14M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $5.49M USD 1 Quarter
Other OtherExpenses $29.60M USD 1 Quarter
Other OtherExpenses $92.88M USD 3 Qtrs
Other OtherExpenses $30.42M USD 1 Quarter
Other OtherExpenses $91.58M USD 3 Qtrs
Total operating expenses OperatingExpenses $337.60M USD 3 Qtrs
Total operating expenses OperatingExpenses $351.99M USD 3 Qtrs
Total operating expenses OperatingExpenses $120.94M USD 1 Quarter
Total operating expenses OperatingExpenses $117.44M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $75.98M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $131.89M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $289.73M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $365.56M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $46.51M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $104.98M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $27.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $130.20M USD 3 Qtrs
Net income ProfitLoss $184.75M USD 3 Qtrs
Net income ProfitLoss $85.38M USD 1 Quarter
Net income ProfitLoss $235.36M USD 3 Qtrs
Net income ProfitLoss $48.98M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $157.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.36M USD 3 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $117.00K USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $85.22M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $234.00M USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $184.63M USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $48.95M USD 1 Quarter
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $1.09 USD 1 Quarter
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $4.03 USD 3 Qtrs
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $5.03 USD 3 Qtrs
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $1.84 USD 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 46.43M shares 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 46.50M shares 3 Qtrs
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45.05M shares 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45.76M shares 3 Qtrs
Cash Flow Statement 116 line items
Line Item Tag Value Unit Period
Net income attributable to Nelnet, Inc. NetIncomeLoss $85.22M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $234.00M USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $184.63M USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $48.95M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $157.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.36M USD 3 Qtrs
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $117.00K USD 3 Qtrs
Net income ProfitLoss $184.75M USD 3 Qtrs
Net income ProfitLoss $85.38M USD 1 Quarter
Net income ProfitLoss $235.36M USD 3 Qtrs
Net income ProfitLoss $48.98M USD 1 Quarter
Depreciation and amortization, including debt discounts and student loan premiums and deferred origination costs DepreciationDepletionAndAmortization $91.05M USD 3 Qtrs
Depreciation and amortization, including debt discounts and student loan premiums and deferred origination costs DepreciationDepletionAndAmortization $78.32M USD 3 Qtrs
Student loan discount accretion StudentLoanDiscountAccretion $-32.39M USD 3 Qtrs
Student loan discount accretion StudentLoanDiscountAccretion $-32.68M USD 3 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $3.00M USD 1 Quarter
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $2.00M USD 1 Quarter
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $6.00M USD 3 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $7.15M USD 3 Qtrs
Derivative market value adjustment DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-43.18M USD 3 Qtrs
Derivative market value adjustment DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-431.00K USD 3 Qtrs
Foreign currency transaction adjustment ForeignCurrencyTransactionGainLossUnrealized $39.22M USD 3 Qtrs
Foreign currency transaction adjustment ForeignCurrencyTransactionGainLossUnrealized $32.48M USD 3 Qtrs
Proceeds from termination of derivative instruments Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds - USD 3 Qtrs
Proceeds from termination of derivative instruments Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds $-55.63M USD 3 Qtrs
Payment to enter into derivative instruments IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $9.09M USD 3 Qtrs
Payment to enter into derivative instruments IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $2.94M USD 3 Qtrs
Gain on sale of loans GainOnSaleOfFinancingReceivables - USD 3 Qtrs
Gain on sale of loans GainOnSaleOfFinancingReceivables $351.00K USD 3 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $4.64M USD 3 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $597.00K USD 1 Quarter
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument - USD 1 Quarter
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $57.00K USD 3 Qtrs
Gain from sales of available-for-sale securities, net AvailableForSaleSecuritiesGrossRealizedGainLossNet $2.37M USD 3 Qtrs
Gain from sales of available-for-sale securities, net AvailableForSaleSecuritiesGrossRealizedGainLossNet $8.32M USD 3 Qtrs
Payments for purchases of trading securities, net ProceedsFromPaymentsForTradingSecurities $-8.17M USD 3 Qtrs
Payments for purchases of trading securities, net ProceedsFromPaymentsForTradingSecurities $-3.38M USD 3 Qtrs
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $21.39M USD 3 Qtrs
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $-7.90M USD 3 Qtrs
Non-cash compensation expense ShareBasedCompensation $4.12M USD 3 Qtrs
Non-cash compensation expense ShareBasedCompensation $3.36M USD 3 Qtrs
Other OtherNoncashIncomeExpense $-5.64M USD 3 Qtrs
Other OtherNoncashIncomeExpense $-2.47M USD 3 Qtrs
(Increase) decrease in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $435.00K USD 3 Qtrs
(Increase) decrease in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-4.30M USD 3 Qtrs
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $14.09M USD 3 Qtrs
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $1.88M USD 3 Qtrs
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-2.72M USD 3 Qtrs
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-1.85M USD 3 Qtrs
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $5.24M USD 3 Qtrs
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $2.31M USD 3 Qtrs
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $17.98M USD 3 Qtrs
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-2.44M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $307.36M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $263.07M USD 3 Qtrs
Purchases of student loans and student loan residual interests PaymentsToAcquireFinanceReceivables $1.99B USD 3 Qtrs
Purchases of student loans and student loan residual interests PaymentsToAcquireFinanceReceivables $3.21B USD 3 Qtrs
Net proceeds from student loan repayments, claims, capitalized interest, and other ProceedsFromCollectionOfFinanceReceivables $2.84B USD 3 Qtrs
Net proceeds from student loan repayments, claims, capitalized interest, and other ProceedsFromCollectionOfFinanceReceivables $2.72B USD 3 Qtrs
Proceeds from sale of student loans ProceedsFromSaleOfFinanceReceivables $4.00M USD 3 Qtrs
Proceeds from sale of student loans ProceedsFromSaleOfFinanceReceivables $8.00K USD 3 Qtrs
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $6.94M USD 3 Qtrs
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $143.69M USD 3 Qtrs
Proceeds from sales of available-for-sale securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $200.10M USD 3 Qtrs
Proceeds from sales of available-for-sale securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $49.28M USD 3 Qtrs
Purchases of investments and issuance of notes receivable PaymentsForProceedsFromOtherInvestingActivities $35.45M USD 3 Qtrs
Purchases of investments and issuance of notes receivable PaymentsForProceedsFromOtherInvestingActivities $65.55M USD 3 Qtrs
Proceeds from investments and notes receivable ProceedsFromCollectionOfOtherReceivables $27.77M USD 3 Qtrs
Proceeds from investments and notes receivable ProceedsFromCollectionOfOtherReceivables $11.01M USD 3 Qtrs
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $12.76M USD 3 Qtrs
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $21.69M USD 3 Qtrs
Decrease (increase) in restricted cash and investments, net IncreaseDecreaseInRestrictedCashAndInvestments $32.72M USD 3 Qtrs
Decrease (increase) in restricted cash and investments, net IncreaseDecreaseInRestrictedCashAndInvestments $-3.61M USD 3 Qtrs
Business and asset acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 3 Qtrs
Business and asset acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $45.58M USD 3 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $848.12M USD 3 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-557.47M USD 3 Qtrs
Payments on bonds and notes payable RepaymentsOfDebtAndCapitalLeaseObligations $3.01B USD 3 Qtrs
Payments on bonds and notes payable RepaymentsOfDebtAndCapitalLeaseObligations $3.48B USD 3 Qtrs
Proceeds from issuance of bonds and notes payable ProceedsFromIssuanceOfDebt $2.40B USD 3 Qtrs
Proceeds from issuance of bonds and notes payable ProceedsFromIssuanceOfDebt $3.36B USD 3 Qtrs
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $9.86M USD 3 Qtrs
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $14.93M USD 3 Qtrs
Dividends paid PaymentsOfDividends $13.66M USD 3 Qtrs
Dividends paid PaymentsOfDividends $13.91M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $13.34M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $66.64M USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $617.00K USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $476.00K USD 3 Qtrs
Issuance of noncontrolling interest ProceedsFromMinorityShareholders $23.00K USD 3 Qtrs
Issuance of noncontrolling interest ProceedsFromMinorityShareholders $201.00K USD 3 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-80.00K USD 1 Quarter
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-1.62M USD 3 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-124.00K USD 3 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-275.00K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-1.17B USD 3 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $305.72M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $11.31M USD 3 Qtrs
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-15.98M USD 3 Qtrs
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $74.58M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $63.27M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $130.48M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $74.58M 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 $130.48M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Interest InterestPaid $165.88M USD 3 Qtrs
Interest InterestPaid $155.96M USD 3 Qtrs
Income taxes, net of refunds IncomeTaxesPaidNet $104.40M USD 3 Qtrs
Income taxes, net of refunds IncomeTaxesPaidNet $118.87M USD 3 Qtrs
Investing activity - student loans and other assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $2.03B USD 3 Qtrs
Investing activity - student loans and other assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $2.57B USD 3 Qtrs
Financing activity - borrowings and other liabilities assumed in acquisition of student loans NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $1.89B USD 3 Qtrs
Financing activity - borrowings and other liabilities assumed in acquisition of student loans NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $2.44B USD 3 Qtrs
Stockholders Equity 47 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.44B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Issuance of noncontrolling interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $4.00K USD 1 Quarter
Issuance of noncontrolling interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $23.00K USD 3 Qtrs
Issuance of noncontrolling interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $201.00K USD 3 Qtrs
Net income ProfitLoss $184.75M USD 3 Qtrs
Net income ProfitLoss $85.38M USD 1 Quarter
Net income ProfitLoss $235.36M USD 3 Qtrs
Net income ProfitLoss $48.98M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-470.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-407.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-2.26M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $280.00K USD 3 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-80.00K USD 1 Quarter
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-1.62M USD 3 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-124.00K USD 3 Qtrs
Distribution to noncontrolling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $-275.00K USD 1 Quarter
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $4.49M USD 1 Quarter
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $4.63M USD 1 Quarter
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $13.66M USD 3 Qtrs
Cash dividend on Class A and Class B common stock DividendsCommonStockCash $13.91M USD 3 Qtrs
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $3.34M USD 3 Qtrs
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $268.00K USD 1 Quarter
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $3.68M USD 3 Qtrs
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $213.00K USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.96M USD 3 Qtrs
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.25M USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.25M USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.26M USD 3 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $15.62M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $13.34M USD 3 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $66.64M USD 3 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $4.03M USD 1 Quarter
Conversion of Common Stock, Amount Converted ConversionOfStockAmountConverted1 - USD 1 Quarter
Conversion of Common Stock, Amount Converted ConversionOfStockAmountConverted1 - USD 3 Qtrs
Conversion of Common Stock, Amount Converted ConversionOfStockAmountConverted1 - USD 1 Quarter
Conversion of Common Stock, Amount Converted ConversionOfStockAmountConverted1 - USD 3 Qtrs
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.44B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Comprehensive Income 32 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $184.75M USD 3 Qtrs
Net income ProfitLoss $85.38M USD 1 Quarter
Net income ProfitLoss $235.36M USD 3 Qtrs
Net income ProfitLoss $48.98M USD 1 Quarter
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-738.00K USD 1 Quarter
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-568.00K USD 1 Quarter
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $8.76M USD 3 Qtrs
Unrealized holding (losses) gains arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-1.22M USD 3 Qtrs
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $8.00K USD 1 Quarter
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $8.32M USD 3 Qtrs
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $73.00K USD 1 Quarter
Less reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $2.37M USD 3 Qtrs
Income tax effect OtherComprehensiveIncomeLossTax $-234.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $-276.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $164.00K USD 3 Qtrs
Income tax effect OtherComprehensiveIncomeLossTax $-1.33M USD 3 Qtrs
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-470.00K USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-407.00K USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-2.26M USD 3 Qtrs
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $280.00K USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $235.64M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $84.91M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $182.49M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $48.57M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.36M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $117.00K USD 3 Qtrs
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $157.00K USD 1 Quarter
Comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $234.28M USD 3 Qtrs
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $48.55M USD 1 Quarter
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $182.37M USD 3 Qtrs
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $84.75M USD 1 Quarter

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

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