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10-Q Filing

NELNET INC CIK: 1258602 Q3 2016
Filing Information
Form Type 10-Q
Accession Number 0001258602-16-000091
Period End Date 20160930
Filing Date 20161109
Fiscal Year 2016
Fiscal Period Q3
XBRL Instance nni-20160930.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $48.75M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $50.02M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $50.50M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $48.90M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $51.57M USD Point-in-time
Allowance for loan losses FinancingReceivableAllowanceForCreditLosses $50.38M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $1.75M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $2.00M 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
Student loans receivable (net of allowance for loan losses) NotesReceivableNet $25.62B USD Point-in-time
Student loans receivable (net of allowance for loan losses) NotesReceivableNet $28.32B USD 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 $11.38M USD Point-in-time
Cash and cash equivalents - not held at a related party CashAndCashEquivalentsNotHeldAtRelatedParty $7.68M USD Point-in-time
Cash and cash equivalents - held at a related party CashAndCashEquivalentsRelatedParty $52.15M USD Point-in-time
Cash and cash equivalents - held at a related party CashAndCashEquivalentsRelatedParty $59.48M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $63.53M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $67.15M USD Point-in-time
Total cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $130.48M USD Point-in-time
Investments and notes receivable Investments $303.68M USD Point-in-time
Investments and notes receivable Investments $257.53M USD Point-in-time
Restricted cash and investments RestrictedCashAndInvestments $872.87M USD Point-in-time
Restricted cash and investments RestrictedCashAndInvestments $832.62M USD Point-in-time
Restricted cash - due to customers RestrictedCashDueToCustomers $144.77M USD Point-in-time
Restricted cash - due to customers RestrictedCashDueToCustomers $91.50M USD Point-in-time
Accrued interest receivable InterestReceivable $383.82M USD Point-in-time
Accrued interest receivable InterestReceivable $381.80M USD Point-in-time
Accounts receivable (net of allowance for doubtful accounts) AccountsReceivableNet $53.41M USD Point-in-time
Accounts receivable (net of allowance for doubtful accounts) AccountsReceivableNet $51.34M USD Point-in-time
Goodwill Goodwill $146.00M USD Point-in-time
Goodwill Goodwill $147.31M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $50.96M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $51.06M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $107.50M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $80.48M USD Point-in-time
Other assets OtherAssets $9.65M USD Point-in-time
Other assets OtherAssets $8.58M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue $14.48M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue $28.69M USD Point-in-time
Total assets Assets $27.67B USD Point-in-time
Total assets Assets $30.42B USD Point-in-time
Bonds and notes payable DebtAndCapitalLeaseObligations $25.32B USD Point-in-time
Bonds and notes payable DebtAndCapitalLeaseObligations $28.11B USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $31.51M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $42.84M USD Point-in-time
Other liabilities OtherLiabilities $168.24M USD Point-in-time
Other liabilities OtherLiabilities $169.91M USD Point-in-time
Due to customers PayablesToCustomers $91.50M USD Point-in-time
Due to customers PayablesToCustomers $144.77M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue $65.05M USD Point-in-time
Fair value of derivative instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue $74.88M USD Point-in-time
Total liabilities Liabilities $25.69B USD Point-in-time
Total liabilities Liabilities $28.53B USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $224.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.88B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.97B USD Point-in-time
Accumulated other comprehensive (loss) earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.28M USD Point-in-time
Accumulated other comprehensive (loss) earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $-424.00K USD Point-in-time
Total Nelnet, Inc. shareholders' equity StockholdersEquity $1.88B USD Point-in-time
Total Nelnet, Inc. shareholders' equity StockholdersEquity $1.97B USD Point-in-time
Noncontrolling interest MinorityInterest $7.73M USD Point-in-time
Noncontrolling interest MinorityInterest $9.01M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.98B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.89B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.91B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $30.42B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $27.67B USD Point-in-time
Income Statement 116 line items
Line Item Tag Value Unit Period
Loan interest LoanInterest $187.70M USD 1 Quarter
Loan interest LoanInterest $193.72M USD 1 Quarter
Loan interest LoanInterest $567.77M USD 3 Qtrs
Loan interest LoanInterest $535.48M USD 3 Qtrs
Investment interest InvestmentIncomeInterest $1.46M USD 1 Quarter
Investment interest InvestmentIncomeInterest $2.46M USD 1 Quarter
Investment interest InvestmentIncomeInterest $5.55M USD 3 Qtrs
Investment interest InvestmentIncomeInterest $6.67M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $541.03M USD 3 Qtrs
Total interest income InterestAndDividendIncomeOperating $189.16M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $196.18M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $574.45M USD 3 Qtrs
Interest on bonds and notes payable InterestExpense $77.16M USD 1 Quarter
Interest on bonds and notes payable InterestExpense $221.34M USD 3 Qtrs
Interest on bonds and notes payable InterestExpense $96.39M USD 1 Quarter
Interest on bonds and notes payable InterestExpense $280.85M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $111.99M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $319.68M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $293.60M USD 3 Qtrs
Net interest income InterestIncomeExpenseNet $99.80M USD 1 Quarter
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $10.50M USD 3 Qtrs
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $7.15M USD 3 Qtrs
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $6.00M USD 1 Quarter
Less provision for loan losses ProvisionForLoanLeaseAndOtherLosses $3.00M USD 1 Quarter
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
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $283.10M USD 3 Qtrs
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $93.80M USD 1 Quarter
Loan and guaranty servicing revenue ServicingFeesNet $161.08M USD 3 Qtrs
Loan and guaranty servicing revenue ServicingFeesNet $54.35M USD 1 Quarter
Loan and guaranty servicing revenue ServicingFeesNet $183.16M USD 3 Qtrs
Loan and guaranty servicing revenue ServicingFeesNet $61.52M USD 1 Quarter
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $30.44M 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 $102.21M USD 3 Qtrs
Tuition payment processing, school information, and campus commerce revenue TuitionPaymentProcessingAndCampusCommerceRevenue $33.07M USD 1 Quarter
Communications revenue Telecommunicationsrevenue $4.34M USD 1 Quarter
Communications revenue Telecommunicationsrevenue - USD 1 Quarter
Communications revenue Telecommunicationsrevenue $13.17M USD 3 Qtrs
Communications revenue Telecommunicationsrevenue - USD 3 Qtrs
Enrollment services revenue EnrollmentServicesRevenue $13.74M USD 1 Quarter
Enrollment services revenue EnrollmentServicesRevenue $4.33M USD 3 Qtrs
Enrollment services revenue EnrollmentServicesRevenue - USD 1 Quarter
Enrollment services revenue EnrollmentServicesRevenue $39.79M USD 3 Qtrs
Other income OtherIncome $12.28M USD 1 Quarter
Other income OtherIncome $15.15M USD 1 Quarter
Other income OtherIncome $38.71M USD 3 Qtrs
Other income OtherIncome $35.67M USD 3 Qtrs
Gain on sale of loans and debt repurchases, net GainOnSaleOfLoansAndDebtRepurchasesNet $597.00K USD 1 Quarter
Gain on sale of loans and debt repurchases, net GainOnSaleOfLoansAndDebtRepurchasesNet $2.16M USD 1 Quarter
Gain on sale of loans and debt repurchases, net GainOnSaleOfLoansAndDebtRepurchasesNet $2.26M USD 3 Qtrs
Gain on sale of loans and debt repurchases, net GainOnSaleOfLoansAndDebtRepurchasesNet $4.99M USD 3 Qtrs
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $-27.23M USD 3 Qtrs
Derivative market value and foreign currency adjustments and derivative settlements, net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet $36.00M USD 1 Quarter
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 $-33.39M USD 3 Qtrs
Total other income NoninterestIncome $288.37M USD 3 Qtrs
Total other income NoninterestIncome $145.07M USD 1 Quarter
Total other income NoninterestIncome $87.92M USD 1 Quarter
Total other income NoninterestIncome $329.19M USD 3 Qtrs
Salaries and benefits LaborAndRelatedExpense $187.91M USD 3 Qtrs
Salaries and benefits LaborAndRelatedExpense $183.05M USD 3 Qtrs
Salaries and benefits LaborAndRelatedExpense $63.74M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $63.22M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $19.14M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $8.99M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $6.98M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $24.82M USD 3 Qtrs
Loan servicing fees Servicingexpenses $20.02M USD 3 Qtrs
Loan servicing fees Servicingexpenses $22.83M USD 3 Qtrs
Loan servicing fees Servicingexpenses $5.88M USD 1 Quarter
Loan servicing fees Servicingexpenses $7.79M USD 1 Quarter
Cost to provide communications services Costtoprovidetelecommunicationsservices - USD 3 Qtrs
Cost to provide communications services Costtoprovidetelecommunicationsservices - USD 1 Quarter
Cost to provide communications services Costtoprovidetelecommunicationsservices $1.78M USD 1 Quarter
Cost to provide communications services Costtoprovidetelecommunicationsservices $5.17M USD 3 Qtrs
Cost to provide enrollment services CostToProvideEnrollmentServices $3.62M USD 3 Qtrs
Cost to provide enrollment services CostToProvideEnrollmentServices $11.35M USD 1 Quarter
Cost to provide enrollment services CostToProvideEnrollmentServices $32.54M USD 3 Qtrs
Cost to provide enrollment services CostToProvideEnrollmentServices - USD 1 Quarter
Other expenses OtherExpenses $26.39M USD 1 Quarter
Other expenses OtherExpenses $31.60M USD 1 Quarter
Other expenses OtherExpenses $84.17M USD 3 Qtrs
Other expenses OtherExpenses $94.43M USD 3 Qtrs
Total operating expenses OperatingExpenses $325.71M 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 $106.79M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $75.98M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $132.08M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $289.73M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $245.75M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $104.98M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $47.72M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $27.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $87.18M USD 3 Qtrs
Net income ProfitLoss $184.75M USD 3 Qtrs
Net income ProfitLoss $48.98M USD 1 Quarter
Net income ProfitLoss $84.36M USD 1 Quarter
Net income ProfitLoss $158.57M USD 3 Qtrs
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $165.00K USD 3 Qtrs
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $69.00K USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $117.00K USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $84.29M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $184.63M USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $158.41M 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 $3.70 USD 3 Qtrs
Net income attributable to Nelnet, Inc. shareholders - basic and diluted EarningsPerShareBasicAndDiluted $1.98 USD 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 42.64M shares 1 Quarter
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45.76M shares 3 Qtrs
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 42.79M shares 3 Qtrs
Weighted average common shares outstanding - basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45.05M shares 1 Quarter
Cash Flow Statement 110 line items
Line Item Tag Value Unit Period
Net income attributable to Nelnet, Inc. NetIncomeLoss $84.29M USD 1 Quarter
Net income attributable to Nelnet, Inc. NetIncomeLoss $184.63M USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $158.41M USD 3 Qtrs
Net income attributable to Nelnet, Inc. NetIncomeLoss $48.95M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $165.00K USD 3 Qtrs
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $69.00K USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $117.00K USD 3 Qtrs
Net income ProfitLoss $184.75M USD 3 Qtrs
Net income ProfitLoss $48.98M USD 1 Quarter
Net income ProfitLoss $84.36M USD 1 Quarter
Net income ProfitLoss $158.57M USD 3 Qtrs
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 $83.99M USD 3 Qtrs
Student loan discount accretion StudentLoanDiscountAccretion $-32.68M USD 3 Qtrs
Student loan discount accretion StudentLoanDiscountAccretion $-30.44M USD 3 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $10.50M USD 3 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $7.15M USD 3 Qtrs
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $6.00M USD 1 Quarter
Provision for loan losses ProvisionForLoanLeaseAndOtherLosses $3.00M USD 1 Quarter
Derivative market value adjustment DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-43.18M USD 3 Qtrs
Derivative market value adjustment DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-1.56M USD 3 Qtrs
Foreign currency transaction adjustment ForeignCurrencyTransactionGainLossUnrealized $-13.54M USD 3 Qtrs
Foreign currency transaction adjustment ForeignCurrencyTransactionGainLossUnrealized $32.48M USD 3 Qtrs
Proceeds from termination of derivative instruments Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds $-2.83M USD 3 Qtrs
Proceeds from termination of derivative instruments Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds $-55.63M USD 3 Qtrs
Increase (Decrease) in Financial Instruments Used in Operating Activities IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities $2.94M USD 3 Qtrs
Increase (Decrease) in Financial Instruments Used in Operating Activities IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities - USD 3 Qtrs
Gain on sale of loans GainOnSaleOfFinancingReceivables $351.00K USD 3 Qtrs
Gain on sale of loans GainOnSaleOfFinancingReceivables - USD 3 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $2.26M USD 3 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $597.00K USD 1 Quarter
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $4.64M USD 3 Qtrs
Gain from debt repurchases GainLossOnRepurchaseOfDebtInstrument $2.16M USD 1 Quarter
Loss (gain) from sales of available-for-sale securities, net AvailableForSaleSecuritiesGrossRealizedGainLossNet $2.37M USD 3 Qtrs
Loss (gain) from sales of available-for-sale securities, net AvailableForSaleSecuritiesGrossRealizedGainLossNet $82.00K USD 3 Qtrs
(Payments for) proceeds from (purchases) sales of trading securities, net ProceedsFromPaymentsForTradingSecurities $1.19M USD 3 Qtrs
(Payments for) proceeds from (purchases) sales of trading securities, net ProceedsFromPaymentsForTradingSecurities $-8.17M USD 3 Qtrs
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $-7.63M USD 3 Qtrs
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $-7.90M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-5.24M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-6.59M USD 3 Qtrs
Decrease (increase) in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $435.00K USD 3 Qtrs
Decrease (increase) in accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $-2.02M USD 3 Qtrs
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $1.98M USD 3 Qtrs
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $14.09M USD 3 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $1.14M USD 3 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-1.85M USD 3 Qtrs
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $11.33M USD 3 Qtrs
Increase in accrued interest payable IncreaseDecreaseInInterestPayableNet $5.24M USD 3 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $17.98M USD 3 Qtrs
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $11.59M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $307.36M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $258.83M 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 $234.27M USD 3 Qtrs
Net proceeds from student loan repayments, claims, capitalized interest, participations, and other ProceedsFromCollectionOfFinanceReceivables $2.84B USD 3 Qtrs
Net proceeds from student loan repayments, claims, capitalized interest, participations, and other ProceedsFromCollectionOfFinanceReceivables $2.91B USD 3 Qtrs
Proceeds from sale of student loans ProceedsFromSaleOfFinanceReceivables $4.00M USD 3 Qtrs
Proceeds from sale of student loans ProceedsFromSaleOfFinanceReceivables $44.76M USD 3 Qtrs
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $66.73M USD 3 Qtrs
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $6.94M USD 3 Qtrs
Proceeds from sales of available-for-sale securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $49.28M USD 3 Qtrs
Proceeds from sales of available-for-sale securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $100.42M USD 3 Qtrs
Purchases of investments and issuance of notes receivable PaymentsForProceedsFromOtherInvestingActivities $14.91M 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 $12.17M USD 3 Qtrs
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $46.82M USD 3 Qtrs
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $12.76M USD 3 Qtrs
(Increase) decrease in restricted cash and investments, net IncreaseDecreaseInRestrictedCashAndInvestments $39.40M USD 3 Qtrs
(Increase) decrease in restricted cash and investments, net IncreaseDecreaseInRestrictedCashAndInvestments $-3.61M USD 3 Qtrs
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $848.12M USD 3 Qtrs
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $2.66B USD 3 Qtrs
Payments on bonds and notes payable RepaymentsOfDebtAndCapitalLeaseObligations $3.00B USD 3 Qtrs
Payments on bonds and notes payable RepaymentsOfDebtAndCapitalLeaseObligations $3.48B USD 3 Qtrs
Proceeds from issuance of bonds and notes payable ProceedsFromIssuanceOfDebt $154.62M USD 3 Qtrs
Proceeds from issuance of bonds and notes payable ProceedsFromIssuanceOfDebt $2.40B USD 3 Qtrs
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $9.86M USD 3 Qtrs
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $2.10M USD 3 Qtrs
Dividends paid PaymentsOfDividends $15.29M USD 3 Qtrs
Dividends paid PaymentsOfDividends $13.66M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $66.64M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $60.14M USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $656.00K USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $617.00K USD 3 Qtrs
Issuance of noncontrolling interests ProceedsFromMinorityShareholders $1.34M USD 3 Qtrs
Issuance of noncontrolling interests ProceedsFromMinorityShareholders $23.00K USD 3 Qtrs
Distribution to noncontrolling interests PaymentsOfDividendsMinorityInterest $219.00K USD 3 Qtrs
Distribution to noncontrolling interests PaymentsOfDividendsMinorityInterest $124.00K USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.92B USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.17B USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.62M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-15.98M USD 3 Qtrs
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $63.53M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $67.15M 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 $63.53M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $114.50M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $67.15M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $130.48M USD Point-in-time
Interest InterestPaid $219.67M USD 3 Qtrs
Interest InterestPaid $165.88M USD 3 Qtrs
Income taxes, net of refunds IncomeTaxesPaidNet $87.63M USD 3 Qtrs
Income taxes, net of refunds IncomeTaxesPaidNet $104.40M USD 3 Qtrs
Investing activity - student loans and other assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 - USD 3 Qtrs
Investing activity - student loans and other assets acquired NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $2.03B USD 3 Qtrs
Financing activity - borrowings and other liabilities assumed in acquisition of student loans NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 - USD 3 Qtrs
Financing activity - borrowings and other liabilities assumed in acquisition of student loans NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $1.89B USD 3 Qtrs
Stockholders Equity 43 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.98B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.89B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.91B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B USD Point-in-time
Issuance of noncontrolling interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest $26.00K USD 1 Quarter
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 $1.34M USD 3 Qtrs
Net income ProfitLoss $184.75M USD 3 Qtrs
Net income ProfitLoss $48.98M USD 1 Quarter
Net income ProfitLoss $84.36M USD 1 Quarter
Net income ProfitLoss $158.57M USD 3 Qtrs
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-407.00K USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-2.71M USD 3 Qtrs
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $1.85M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-2.26M USD 3 Qtrs
Distribution to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $219.00K USD 3 Qtrs
Distribution to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $80.00K USD 1 Quarter
Distribution to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $124.00K USD 3 Qtrs
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 $15.29M USD 3 Qtrs
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 $5.10M USD 1 Quarter
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $268.00K USD 1 Quarter
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $282.00K USD 1 Quarter
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $3.68M USD 3 Qtrs
Issuance of common stock, net of forfeitures StockIssuedDuringPeriodValueNewIssues $3.94M USD 3 Qtrs
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.25M USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.45M USD 3 Qtrs
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.13M USD 1 Quarter
Compensation expense for stock based awards AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.96M USD 3 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $60.14M USD 3 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $66.64M USD 3 Qtrs
Repurchase of common stock StockRepurchasedDuringPeriodValue $15.62M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $7.67M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.98B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.89B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.81B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.91B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.73B 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 $48.98M USD 1 Quarter
Net income ProfitLoss $84.36M USD 1 Quarter
Net income ProfitLoss $158.57M USD 3 Qtrs
Unrealized holding gains (losses) arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-1.22M USD 3 Qtrs
Unrealized holding gains (losses) arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $3.43M USD 1 Quarter
Unrealized holding gains (losses) arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-4.22M USD 3 Qtrs
Unrealized holding gains (losses) arising during period, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-568.00K USD 1 Quarter
Reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $2.37M USD 3 Qtrs
Reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $491.00K USD 1 Quarter
Reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $73.00K USD 1 Quarter
Reclassification adjustment for gains recognized in net income, net of losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $82.00K USD 3 Qtrs
Income tax effect OtherComprehensiveIncomeLossTax $-234.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $1.09M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossTax $-1.33M USD 3 Qtrs
Income tax effect OtherComprehensiveIncomeLossTax $-1.59M USD 3 Qtrs
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-407.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-2.71M USD 3 Qtrs
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.85M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-2.26M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $48.57M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $182.49M USD 3 Qtrs
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $86.22M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $155.86M USD 3 Qtrs
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $117.00K USD 3 Qtrs
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $22.00K USD 1 Quarter
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $165.00K USD 3 Qtrs
Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $69.00K USD 1 Quarter
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $155.70M USD 3 Qtrs
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $86.15M USD 1 Quarter
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $182.37M USD 3 Qtrs
Comprehensive income attributable to Nelnet, Inc. ComprehensiveIncomeNetOfTax $48.55M USD 1 Quarter

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

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