NNI Stock Balance Sheets

Nelnet Quarterly Balance Sheets Chart

Quarterly

Annual

Goodwill

Account Receivables

Nelnet Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-03-31	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2006-12-31

assets:
loans and accrued interest receivable	10,155,483,000	10,422,704,000	9,992,744,000	10,572,881,000	10,939,519,000	11,829,078,000	13,108,204,000	13,867,557,000	14,360,612,000	14,561,108,000	15,243,889,000	15,876,251,000	16,916,344,000	17,621,576,000	18,335,197,000	19,304,203,000	20,187,670,000	19,737,530,000	20,185,656,000	20,076,542,000	20,460,873,000	21,158,208,000
cash and cash equivalents:
cash and cash equivalents - not held at a related party	135,256,000	67,107,000	48,838,000	90,731,000	33,000,000	39,407,000	34,912,000	23,722,000	24,834,000	26,539,000	24,584,000	30,800,000	32,849,000	36,111,000	30,128,000	31,966,000	37,243,000	50,586,000	33,292,000	31,998,000	14,242,000	16,045,000	13,922,000	20,897,000	14,065,000	11,844,000	9,472,000	10,766,000	17,200,000	8,538,000	9,616,000	7,678,000	9,225,000	7,519,000	11,379,000	18,374,000	8,537,000	6,421,000	7,819,000	7,219,000	7,567,000	5,776,000	9,845,000	6,693,000	7,299,000	10,465,000	12,851,000	8,915,000		13,667,000	10,968,000	34,107,000		15,077,000					15,629,000
cash and cash equivalents - held at a related party	90,497,000	153,410,000	145,680,000	128,953,000	112,478,000	140,275,000	133,200,000	163,968,000	96,935,000	161,035,000	93,562,000	32,398,000	95,650,000	126,674,000	95,435,000	159,970,000	175,746,000	93,643,000	87,957,000	64,318,000	53,298,000	188,799,000	119,984,000	140,082,000	70,335,000	63,037,000	111,875,000	72,771,000	52,086,000	60,701,000	98,544,000	59,476,000	50,028,000	43,515,000	52,150,000	88,728,000	54,730,000	44,970,000	60,765,000	42,847,000	58,464,000	87,898,000	46,410,000	54,007,000	35,271,000	81,629,000	103,490,000	39,222,000		302,694,000	263,793,000	295,972,000		319,216,000					122,825,000
total cash and cash equivalents	225,753,000	220,517,000	194,518,000	219,684,000	145,478,000	179,682,000	168,112,000	187,690,000	121,769,000	187,574,000	118,146,000	63,198,000	128,499,000	162,785,000	125,563,000	191,936,000	212,989,000	144,229,000	121,249,000	96,316,000	67,540,000	204,844,000	133,906,000	160,979,000	84,400,000	74,881,000	121,347,000	83,537,000	69,286,000	69,239,000	108,160,000	67,154,000	59,253,000	51,034,000	63,529,000	107,102,000	63,267,000	51,391,000	68,584,000	50,066,000	66,031,000	93,674,000	56,255,000	60,700,000	42,570,000	92,094,000	116,341,000	48,137,000		316,361,000	274,761,000	330,079,000		334,293,000	366,827,000	243,705,000	189,847,000	325,007,000	138,454,000	124,171,000	111,746,000	106,086,000
investments and notes receivable:
investments at fair value	1,286,729,000	1,238,903,000	1,160,320,000
other investments and notes receivable	818,210,000	1,063,647,000	1,040,376,000
total investments and notes receivable	2,104,939,000	2,302,550,000	2,200,696,000
restricted cash	317,958,000	317,139,000	332,100,000	344,366,000	538,446,000	618,363,000	488,723,000	445,983,000	484,223,000	576,267,000	945,159,000	799,212,000	754,693,000	757,954,000	741,981,000	764,089,000	616,711,000	609,881,000	553,175,000	519,143,000	585,236,000	675,589,000	650,939,000	667,919,000	690,580,000	760,273,000	701,366,000	723,338,000	727,471,000	780,141,000	787,635,000																												912,252,000	1,700,229,000	842,020,000	1,388,719,000
restricted cash - due to customers	258,065,000	294,471,000	404,402,000	334,968,000	259,479,000	142,778,000	368,656,000	158,872,000	208,033,000	134,202,000	294,311,000	180,919,000	290,850,000	256,927,000	326,645,000	295,053,000	247,673,000	193,081,000	283,971,000	286,082,000	268,539,000	219,905,000	437,756,000	309,309,000	279,017,000	216,471,000	369,678,000	188,591,000	128,515,000	136,900,000	93,699,000	91,505,000	132,018,000	85,805,000	144,771,000	180,469,000	167,576,000	93,695,000	84,182,000	47,445,000	96,516,000	98,327,000	63,753,000	38,642,000	109,809,000	52,300,000	64,452,000	63,292,000		54,532,000	37,076,000	39,199,000		50,783,000					29,543,000
accounts receivable	127,490,000	129,864,000	159,934,000	153,638,000	159,836,000	134,647,000	196,200,000	130,068,000	135,690,000	151,172,000	194,851,000	121,945,000	119,774,000	144,902,000	163,315,000	78,508,000	85,884,000	80,283,000	76,460,000	69,916,000	73,783,000	63,206,000	115,391,000	67,079,000	65,414,000	76,013,000	59,531,000	76,899,000	61,394,000	60,246,000	45,944,000	53,408,000	41,964,000	45,465,000	51,345,000	62,423,000	56,072,000	62,951,000	66,016,000	73,239,000	63,638,000	71,399,000	67,001,000	64,215,000	63,654,000		51,116,000								52,106,000	42,575,000	42,088,000	49,204,000	45,986,000	47,752,000	49,084,000	64,859,000
goodwill	158,029,000	158,029,000	158,029,000	158,029,000	158,029,000	158,029,000	158,029,000	176,902,000	176,902,000	176,902,000	176,902,000	172,033,000	149,117,000	142,092,000	142,092,000	142,092,000	142,092,000	142,092,000	142,092,000	156,912,000	156,912,000	156,912,000	156,912,000	156,912,000	156,912,000	156,912,000	156,912,000	153,802,000	158,456,000	147,312,000	147,312,000	147,312,000	147,312,000	147,312,000	146,000,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118,000	117,118	143,717,000	143,717,000	143,717,000	143,717	175,178,000	175,178,000	175,178,000	175,178,000	175,178,000	175,178,000	175,178,000	164,695,000	191,420,000
intangible assets	33,278,000	34,803,000	36,328,000	38,371,000	40,521,000	42,670,000	44,819,000	51,910,000	57,293,000	60,788,000	63,501,000	70,368,000	70,086,000	49,544,000	52,029,000	55,176,000	58,464,000	66,718,000	75,070,000	58,701,000	66,733,000	74,127,000	81,532,000	89,499,000	97,477,000	105,795,000	114,290,000	95,660,000	107,192,000	43,077,000	45,434,000	50,964,000	54,141,000	48,827,000	51,062,000	9,089,000	6,132,000	6,932,000	7,731,000	8,556,000	9,393,000	14,360,000	19,006,000	23,682,000	28,374,000	33,074,000	37,564,000	34,736,000	38,712	43,352,000	48,708,000	54,940,000	53,538	59,803,000	65,115,000	70,900,000	77,054,000	83,565,000	90,163,000	92,897,000	112,830,000	162,994,000
property and equipment	85,040,000	89,584,000	95,185,000	124,575,000	131,666,000	149,249,000	127,008,000	126,699,000	130,451,000	132,628,000	122,526,000	127,094,000	123,738,000	120,779,000	119,413,000	117,296,000	128,527,000	130,450,000	123,527,000	360,490,000	350,043,000	351,097,000	348,259,000	342,401,000	337,418,000	335,070,000	344,784,000	339,730,000	299,837,000	181,098,000	143,062,000	107,505,000	96,079,000	88,708,000	80,482,000	33,302,000	33,829,000	33,013,000	34,392,000	31,107,000	31,869,000	32,752,000	33,105,000	34,119,000	34,819,000	33,335,000	34,593,000	31,440,000		28,011,000	27,397,000	27,649,000		28,116,000	31,541,000	34,890,000	38,747,000	43,629,000	46,429,000	48,089,000	55,797,000	67,924,000
other assets	245,053,000	222,297,000	203,817,000	184,300,000	181,428,000	186,399,000	187,957,000	131,313,000	126,353,000	114,398,000	102,842,000	88,999,000	82,462,000	83,604,000	82,887,000	79,473,000	80,896,000	89,845,000	92,020,000	121,597,000	131,849,000	122,801,000	134,308,000	121,806,000	106,647,000	103,841,000	45,533,000	41,889,000	34,509,000	15,123,000	60,364,000	9,647,000	11,084,000	11,470,000	75,344,000	128,597,000	115,043,000	103,021,000	97,016,000	91,737,000	88,976,000	87,871,000	89,714,000	90,587,000	92,275,000	95,055,000	94,224,000	98,812,000	502,393	113,597,000	102,372,000	157,005,000	502,902	104,333,000	103,429,000	106,105,000	113,666,000	102,446,000	108,662,000	120,523,000	107,624,000	93,166,000
total assets	13,711,088,000	14,191,958,000	13,777,753,000	14,084,128,000	14,501,193,000	15,398,662,000	16,736,645,000	17,222,682,000	17,807,632,000	18,082,609,000	19,374,044,000	19,563,533,000	20,624,013,000	20,989,741,000	21,678,041,000	22,402,739,000	23,028,863,000	22,167,208,000	22,646,160,000	22,222,526,000	22,611,208,000	23,280,628,000	23,708,970,000	23,936,719,000	24,219,800,000	24,721,927,000	25,220,968,000	25,104,925,000	23,898,402,000	25,323,087,000	26,141,220,000	27,669,611,000	28,715,798,000	29,589,347,000	30,485,905,000	27,487,007,000	27,770,849,000	26,536,928,000	26,303,177,000	26,645,224,000	26,607,895,000	24,408,844,000	25,269,142,000	25,446,312,000	25,852,217,000	26,236,227,000	24,871,511,000	25,294,699,000	25,893,892	28,586,579,000	28,568,023,000	26,841,945,000	25,876,427	27,591,862,000	28,110,542,000	28,093,137,000	27,854,897,000	28,970,015,000	28,431,925,000	30,019,816,000	29,162,783,000	26,796,873,000
liabilities:
bonds and notes payable	7,903,561,000	8,656,157,000	8,309,797,000	8,938,446,000	9,567,708,000	10,582,513,000	11,828,393,000	12,448,109,000	13,070,140,000	13,438,416,000	14,637,195,000	15,042,595,000	16,115,269,000	16,736,701,000	17,631,089,000	18,610,748,000	19,381,835,000	18,754,715,000	19,320,726,000	19,215,053,000	19,726,158,000	20,466,730,000	20,529,054,000	20,910,190,000	21,294,192,000	21,835,723,000	22,218,740,000	22,251,433,000	21,227,349,000	22,790,780,000	23,594,516,000	25,320,878,000	26,399,686,000	27,349,891,000	28,172,682,000	25,589,287,000	25,955,289,000	24,858,455,000	24,690,952,000	25,125,177,000	25,098,835,000	22,884,096,000	23,836,250,000	24,060,609,000	24,434,540,000	24,926,512,000	23,605,413,000	24,066,092,000	24,672,472	27,391,188,000	27,428,772,000	25,756,182,000	24,805,289	26,586,093,000	27,169,573,000	27,130,406,000	26,787,959,000	28,004,835,000	27,530,237,000	29,129,133,000	28,115,829,000	25,562,119,000
accrued interest payable	19,296,000	22,394,000	21,046,000	25,389,000	27,141,000	31,983,000	35,391,000	36,391,000	35,926,000	34,374,000	36,049,000	21,796,000	12,963,000	7,216,000	4,566,000	4,441,000	4,922,000	5,527,000	28,701,000	29,612,000	32,760,000	43,874,000	47,285,000	52,345,000	56,471,000	62,158,000	61,679,000	60,658,000	54,252,000	47,064,000	46,427,000	42,840,000	39,926,000	38,950,000	31,507,000	22,338,000	21,725,000	14,218,000	14,760,000	15,861,000	14,770,000	16,636,000	18,187,000	19,281,000	19,634,000	16,965,000	17,093,000	15,587,000		19,727,000	22,362,000	16,814,000		24,859,000	34,911,000	48,076,000	81,576,000	92,112,000	86,496,000	92,740,000	129,446,000	120,211,000
bank deposits	1,382,042,000	1,313,407,000	1,186,131,000	1,070,758,000	890,472,000	802,061,000	743,599,000	718,053,000	731,046,000	675,767,000	691,322,000	580,825,000	588,474,000	484,047,000	344,315,000	200,651,000	202,841,000	111,830,000	54,633,000
other liabilities	494,387,000	457,714,000	483,193,000	434,938,000	406,974,000	449,568,000	481,840,000	419,152,000	423,454,000	430,099,000	461,259,000	445,606,000	406,686,000	400,523,000	379,231,000	375,393,000	307,474,000	315,454,000	312,280,000	288,948,000	242,965,000	224,319,000	303,781,000	310,210,000	263,502,000	277,281,000	256,092,000	272,891,000	237,459,000	171,528,000	199,816,000	168,239,000	136,181,000	165,367,000	169,906,000	164,692,000	164,300,000	171,134,000	168,791,000	176,340,000	161,671,000	153,282,000	143,845,000	177,586,000	178,189,000	179,620,000	172,386,000	181,335,000	298,698	175,156,000	179,722,000	184,463,000	284,086	193,055,000	176,390,000	187,379,000	179,336,000	192,550,000	162,761,000	160,850,000	220,899,000	261,163,000
due to customers	429,109,000	379,277,000	478,469,000	404,459,000	388,876,000	274,757,000	425,507,000	341,822,000	299,552,000	280,624,000	348,317,000	306,352,000	409,476,000	276,191,000	366,002,000	354,543,000	303,173,000	230,581,000	301,471,000	286,082,000	268,539,000	219,905,000	437,756,000	309,309,000	279,017,000	216,471,000	369,678,000	188,591,000	128,515,000	136,900,000	93,699,000	91,505,000	132,018,000	85,805,000	144,771,000	180,469,000	167,576,000	93,695,000	84,182,000	47,445,000	96,516,000	98,327,000	63,753,000	38,642,000	109,809,000	52,300,000	64,452,000	63,292,000		54,532,000	37,076,000	39,199,000		50,783,000	41,127,000	55,610,000	160,985,000	47,859,000	29,543,000	48,955,000	81,845,000	153,557,000
total liabilities	10,228,395,000	10,828,949,000	10,478,636,000	10,873,990,000	11,281,171,000	12,140,882,000	13,514,730,000	13,963,527,000	14,560,118,000	14,859,280,000	16,174,142,000	16,397,174,000	17,532,868,000	17,904,678,000	18,725,203,000	19,545,776,000	20,200,245,000	19,418,107,000	20,017,811,000	19,819,695,000	20,270,422,000	20,954,828,000	21,317,876,000	21,582,054,000	21,893,182,000	22,391,633,000	22,906,189,000	22,777,797,000	21,653,176,000	23,192,678,000	24,013,553,000	25,688,515,000	26,809,582,000	27,702,421,000	28,593,747,000	25,973,333,000	26,326,859,000	25,159,015,000	24,983,582,000	25,418,820,000	25,442,682,000	23,232,606,000	24,124,244,000	24,338,439,000	24,786,012,000	25,224,744,000	23,882,727,000	24,339,332,000	24,987,259	27,741,965,000	27,694,078,000	26,002,732,000	25,091,864	26,863,788,000	27,429,355,000	27,421,535,000	27,211,671,000	28,360,285,000	27,847,883,000	29,481,709,000	28,553,904,000	26,125,023,000
commitments and contingencies
equity:
nelnet, inc. shareholders' equity:
preferred stock, 0.01 par value. authorized 50,000,000 shares; no shares issued or outstanding
common stock:
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 25,538,730 shares and 25,634,748 shares, respectively	255,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,658,604 shares	107,000	107,000
additional paid-in capital	637,000	6,649,000	7,389,000	4,179,000	657,000	1,101,000	3,096,000	14,165,000	10,114,000	4,639,000	1,109,000	837,000	1,180,000	1,208,000	1,000,000	1,593,000	10,158,000	5,859,000	3,794,000	1,704,000	1,867,000	9,140,000	5,715,000	3,678,000	1,670,000	636,000	622,000	4,908,000	448,000	366,000	2,236,000	224,000	4,601,000	2,913,000		27,138,000	24,887,000	24,068,000	27,004,000	27,786,000	32,540,000	52,843,000	52,194,000	50,948,000	49,245,000	54,685,000	74,646,000	73,502,000		75,636,000	101,232,000	112,980,000		108,442,000	107,959,000	106,678,000	103,762,000	101,757,000	99,854,000	97,875,000	96,185,000	182,846,000
retained earnings	3,576,192,000	3,412,939,000	3,340,540,000	3,287,541,000	3,295,301,000	3,312,869,000	3,279,273,000	3,305,881,000	3,270,250,000	3,251,677,000	3,234,844,000	3,208,044,000	3,127,687,000	3,092,226,000	2,940,523,000	2,843,799,000	2,812,315,000	2,736,923,000	2,621,762,000	2,393,113,000	2,331,312,000	2,310,282,000	2,377,627,000	2,343,185,000	2,317,115,000	2,321,407,000	2,299,556,000	2,307,573,000	2,231,875,000	2,110,158,000	2,100,214,000	1,971,862,000	1,894,551,000	1,873,500,000	1,881,708,000	1,482,637,000	1,413,492,000	1,347,609,000	1,289,416,000	1,192,822,000	1,129,389,000	1,124,806,000	1,092,715,000	1,056,058,000	1,017,629,000	957,463,000	914,823,000	882,550,000		769,665,000	773,468,000	726,982,000		620,583,000	574,179,000	565,976,000	540,521,000	509,524,000	485,739,000	442,034,000	515,317,000	496,341,000
accumulated other comprehensive earnings	-2,208,000	-429,000	1,470,000								-37,366,000	-28,639,000	-31,858,000	-5,500,000	9,304,000	13,479,000	10,941,000	9,022,000	6,102,000	4,284,000	3,233,000	859,000	2,972,000	2,890,000	3,144,000	3,552,000	3,883,000	3,975,000	3,022,000	4,251,000	5,315,000	-424,000	-2,277,000	1,416,000	2,284,000	2,679,000	4,819,000	5,722,000	2,597,000	5,050,000	2,813,000
total nelnet, inc. shareholders' equity	3,574,983,000	3,419,523,000	3,349,762,000	3,290,652,000	3,294,061,000	3,305,862,000	3,262,621,000	3,294,981,000	3,259,279,000	3,229,683,000	3,198,959,000	3,180,614,000	3,097,382,000	3,088,313,000	2,951,206,000	2,859,254,000	2,833,800,000	2,752,190,000	2,632,042,000	2,399,485,000	2,336,796,000	2,320,680,000	2,386,712,000	2,350,150,000	2,322,326,000	2,325,996,000	2,304,464,000	2,316,864,000	2,235,753,000	2,115,194,000	2,108,187,000	1,972,085,000	1,897,300,000	1,878,254,000	1,884,432,000	1,512,919,000	1,443,662,000	1,377,863,000	1,319,482,000	1,226,123,000	1,165,208,000	1,175,821,000	1,144,605,000	1,107,716,000
noncontrolling interests	-92,290,000	-56,514,000	-50,645,000	-80,514,000	-74,039,000	-48,082,000	-40,706,000	-35,826,000	-11,765,000	-6,354,000	943,000	-14,255,000	-6,237,000	-3,250,000	1,632,000	-2,291,000	-5,182,000	-3,089,000	-3,693,000	3,346,000	3,990,000	5,120,000	4,382,000	4,515,000	4,292,000	4,298,000	10,315,000	10,264,000	9,473,000	15,215,000	19,480,000	9,011,000	8,916,000	8,672,000	7,726,000
total equity	3,482,693,000	3,363,009,000	3,299,117,000	3,210,138,000	3,220,022,000	3,257,780,000	3,221,915,000	3,259,155,000	3,247,514,000	3,223,329,000	3,199,902,000	3,166,359,000	3,091,145,000	3,085,063,000	2,952,838,000	2,856,963,000	2,828,618,000	2,749,101,000	2,628,349,000	2,402,831,000	2,340,786,000	2,325,800,000	2,391,094,000	2,354,665,000	2,326,618,000	2,330,294,000	2,314,779,000	2,327,128,000	2,245,226,000	2,130,409,000	2,127,667,000	1,981,096,000	1,906,216,000	1,886,926,000	1,892,158,000	1,513,674,000	1,443,990,000	1,377,913,000	1,319,595,000	1,226,404,000	1,165,213,000	1,176,238,000	1,144,898,000	1,107,873,000
total liabilities and equity	13,711,088,000	14,191,958,000	13,777,753,000	14,084,128,000	14,501,193,000	15,398,662,000	16,736,645,000	17,222,682,000	17,807,632,000	18,082,609,000	19,374,044,000	19,563,533,000	20,624,013,000	20,989,741,000	21,678,041,000	22,402,739,000	23,028,863,000	22,167,208,000	22,646,160,000	22,222,526,000	22,611,208,000	23,280,628,000	23,708,970,000	23,936,719,000	24,219,800,000	24,721,927,000	25,220,968,000	25,104,925,000	23,898,402,000	25,323,087,000	26,141,220,000	27,669,611,000	28,715,798,000	29,589,347,000	30,485,905,000	27,487,007,000	27,770,849,000	26,536,928,000	26,303,177,000	26,645,224,000	26,607,895,000	24,408,844,000	25,269,142,000	25,446,312,000
supplemental information - assets and liabilities of consolidated education and other lending variable interest entities:
accrued interest payable and other liabilities	-70,575,000	-89,043,000	-88,200,000	-98,744,000	-102,370,000	-121,130,000	-135,748,000	-181,730,000	-192,978,000	-140,221,000	-145,309,000	-96,004,000	-60,461,000	-48,267,000	-36,276,000	-66,913,000	-82,485,000	-67,348,000	-83,127,000	-88,911,000	-97,523,000	-108,801,000	-158,067,000	-212,160,000	-202,371,000	-189,112,000	-163,327,000	-214,554,000	-186,611,000
net assets of consolidated education and other lending variable interest entities	812,232,000	828,925,000	869,184,000	885,497,000	867,450,000	918,935,000	986,946,000	1,015,601,000	1,015,054,000	1,089,706,000	1,074,557,000			1,119,680,000	1,156,755,000	1,199,669,000	1,241,135,000	1,170,750,000	1,193,717,000	1,148,440,000	1,101,530,000	1,105,889,000	1,138,363,000	1,100,626,000	1,401,856,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 25,697,581 shares and 25,634,748 shares, respectively		257,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 25,634,748 shares and 26,400,630 shares, respectively			256,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,658,604 shares and 10,663,088 shares, respectively			107,000
investments and notes receivable				1,903,561,000	1,896,433,000	1,921,691,000	1,870,968,000	1,945,688,000	2,006,306,000	1,987,570,000	2,111,917,000	2,063,514,000	1,988,450,000										246,973,000	212,416,000	221,936,000	230,512,000	249,370,000	246,815,000	258,426,000		273,818,000	257,528,000	285,996,000	273,451,000	303,681,000
restricted investments				49,755,000	50,358,000	36,076,000	17,969,000																																																				95,061,000	95,409,000	85,227,000	129,132,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 25,627,446 shares and 26,400,630 shares, respectively				256,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,663,088 shares				107,000	107,000	107,000
accumulated other comprehensive loss				-1,431,000	-2,260,000	-8,476,000	-20,119,000	-25,439,000	-21,458,000	-27,006,000																																-1,933,000	-409,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 25,585,840 shares and 26,400,630 shares, respectively					256,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,055,314 shares and 26,400,630 shares, respectively						261,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,400,630 shares and 26,461,651 shares, respectively							264,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,663,088 shares and 10,668,460 shares, respectively							107,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,655,651 shares and 26,461,651 shares, respectively								267,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,668,460 shares								107,000	107,000	107,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,646,490 shares and 26,461,651 shares, respectively									266,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,623,662 shares and 26,461,651 shares, respectively										266,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,461,651 shares and 27,239,654 shares, respectively											265,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,668,460 shares and 10,676,642 shares, respectively											107,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,483,298 shares and 27,239,654 shares, respectively												265,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,673,659 shares and 10,676,642 shares, respectively												107,000
supplemental information - assets and liabilities of consolidated education lending variable interest entities:
net assets of consolidated education lending variable interest entities												1,064,668,000	1,088,828,000													1,447,062,000	1,407,300,000	1,292,226,000	1,169,444,000	1,016,810,000	988,684,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 26,613,733 shares and 27,239,654 shares, respectively													266,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,674,892 shares and 10,676,642 shares, respectively													107,000	107,000
investments														1,649,578,000	1,588,919,000	1,374,913,000	1,267,957,000	973,099,000	992,940,000	476,827,000	449,700,000	253,939,000														166,201,000	192,040,000	232,663,000	177,241,000	159,498,000	83,312,000	92,860,000	74,055,000	70,552,000	50,780,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,151,270 shares and 27,239,654 shares, respectively														272,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,239,654 shares and 27,193,154 shares, respectively															272,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,676,642 shares and 11,155,571 shares, respectively															107,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,556,370 shares and 27,193,154 shares, respectively																276,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,681,454 shares and 11,155,571 shares, respectively																107,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,494,942 shares and 27,193,154 shares, respectively																	275,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,054,171 shares and 11,155,571 shares, respectively																	111,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,367,797 shares and 27,193,154 shares, respectively																		274,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,154,171 shares and 11,155,571 shares, respectively																		112,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,193,154 shares and 28,458,495 shares, respectively																			272,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,155,571 shares and 11,271,609 shares, respectively																			112,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,163,588 shares and 28,458,495 shares, respectively																				272,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,171,609 shares and 11,271,609 shares, respectively																				112,000	112,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 27,232,836 shares and 28,458,495 shares, respectively																					272,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 28,582,032 shares and 28,458,495 shares, respectively																						286,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,271,609 shares																						113,000
loans receivable																							20,669,371,000	21,071,441,000	21,455,758,000	21,946,153,000	22,377,142,000	22,528,362,000	21,562,030,000
accrued interest receivable																							733,623,000	736,901,000	724,011,000	715,838,000				395,734,000	392,754,000	381,804,000	380,140,000	384,277,000	383,825,000	305,672,000	314,553,000	303,350,000	296,538,000	305,177,000	307,518,000	267,856,000	286,133,000	296,378,000	308,401,000	331,071,000	302,481,000	308,484,000		418,083,000	397,495,000	336,242,000		389,238,000	385,158,000	388,315,000	471,878,000	530,102,000	501,544,000	526,544,000	593,322,000	503,365,000
fair value of derivative instruments																								57,000	230,000	168,000	1,818,000	2,043,000	1,891,000	1,619,000	39,652,000	14,476,000	3,408,000	9,021,000	28,690,000	64,002,000	62,507,000	128,276,000	98,996,000	61,198,000	97,441,000	67,725,000	48,665,000	107,534,000	92,219,000	130,620,000	182,450,000	169,505,000	118,346	128,827,000	35,354,000	129,059,000	193,899	210,157,000	168,720,000	133,010,000	175,174,000	154,741,000	295,346,000	295,073,000	222,471,000	146,099,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 28,458,495 shares and 28,798,464 shares, respectively																							285,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,271,609 shares and 11,459,641 shares, respectively																							113,000
loan accrued interest receivable and other assets																							735,286,000	736,768,000	724,227,000	716,820,000	679,735,000	625,122,000	490,747,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 28,411,506 shares and 28,798,464 shares, respectively																								284,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,279,641 shares and 11,459,641 shares, respectively																								113,000	113,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 28,399,526 shares and 28,798,464 shares, respectively																									284,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 28,628,528 shares and 28,798,464 shares, respectively																										286,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,459,641 shares																										115,000
student loans receivable																										21,962,743,000	22,359,655,000	22,536,434,000	21,633,845,000	23,202,294,000	24,003,386,000	25,615,434,000	26,539,604,000	27,519,052,000	28,324,552,000	25,607,143,000	25,907,589,000	24,701,112,000	24,575,636,000	24,885,316,000	24,830,621,000	22,559,341,000	23,501,382,000	23,836,832,000	24,297,876,000		23,228,778,000		23,948,014				23,926,957		23,889,571,000	25,624,337,000	25,413,008,000	26,376,269,000	25,993,307,000	26,321,345,000	26,736,122,000	23,789,552,000
loan accrued interest receivable																											679,197,000	624,259,000	489,395,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 28,798,464 shares and 29,341,517 shares, respectively																											288,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,459,641 shares and 11,468,587 shares, respectively																											115,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 29,341,791 shares and 29,341,517 shares, respectively																												293,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,468,587 shares																												115,000	115,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 29,289,689 shares and 29,341,517 shares, respectively																													293,000
investments and other receivables																														290,304,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 30,373,691 shares and 30,628,112 shares, respectively																														304,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,476,932 shares																														115,000	115,000	115,000	115,000	115,000
accrued interest receivable and other assets																														395,900,000	391,555,000	382,592,000	380,230,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 30,740,185 shares and 30,628,112 shares, respectively																															307,000
restricted cash and investments																																872,874,000	964,799,000	924,925,000	832,624,000	705,889,000	735,123,000	674,926,000	679,727,000	814,767,000	815,462,000	905,561,000	912,955,000	705,953,000	614,322,000	601,218,000	610,730,000	796,229,000		692,702,000	669,889,000	727,858,000		798,636,000	1,082,480,000	1,218,512,000	997,272,000	1,082,015,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 30,839,341 shares and 32,476,528 shares, respectively																																308,000
supplemental information - assets and liabilities of consolidated variable interest entities:
net assets of consolidated variable interest entities																																845,845,000	856,405,000	868,568,000	874,884,000	563,952,000	556,618,000	507,504,000	507,224,000	493,334,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 31,024,230 shares and 32,476,528 shares, respectively																																	310,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 31,008,226 shares and 32,476,528 shares, respectively																																		310,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 32,476,528 shares and 34,756,384 shares, respectively																																			325,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,476,932 shares and 11,486,932 shares, respectively																																			115,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 35,019,924 shares and 34,881,338 shares, respectively																																				350,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,491,932 shares and 11,495,377 shares, respectively																																				115,000
noncontrolling interest																																				755,000	328,000	50,000	113,000	281,000	5,000	417,000	293,000	157,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 34,881,338 shares and 35,116,913 shares, respectively																																					349,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares																																					115,000	115,000	115,000	115,000	115,000	115,000	115,000	115,000	115,000
non-federally insured student loans receivable - held for sale																																						28,480,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 34,876,145 shares and 35,116,913 shares, respectively																																						349,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 34,988,110 shares and 35,116,913 shares, respectively																																							350,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 35,029,341 shares and 35,116,913 shares, respectively																																								350,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 35,116,913 shares and 35,643,102 shares, respectively																																									351,000
employee notes receivable																																										-368,000	-368,000	-368,000	-1,140,000	-1,140,000	-1,170,000	-1,170,000		-1,170,000	-1,250,000	-1,250,000		-1,449,000	-1,449,000	-1,550,000	-1,550,000	-2,046,000	-2,046,000	-2,296,000	-3,118,000	-2,825,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 35,839,076 shares and 35,643,102 shares, respectively																																										358,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 35,847,801 shares and 35,643,102 shares, respectively																																											358,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 35,821,057 shares and 35,643,102 shares, respectively																																												358,000
accumulated other comprehensive income																																												605,000
student loans receivable - held for sale																																																	84,987	2,109,440,000	1,995,869,000			1,627,794,000
shareholders' equity:
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 35,643,102 shares and 36,846,353 shares, respectively																																													356,000
total shareholders' equity																																													1,066,205,000	1,011,483,000	988,784,000	955,367,000		844,614,000	873,945,000	839,213,000		728,074,000					584,042,000
total liabilities and shareholders' equity																																													25,852,217,000	26,236,227,000	24,871,511,000	25,294,699,000	25,893,892	28,586,579,000	28,568,023,000	26,841,945,000	25,876,427	27,591,862,000					28,431,925,000
student loans receivable (net of allowance for loan losses
of 45,773 and 43,626, respectively)																																														24,641,614,000
investments - trading securities																																														49,834,000	31,664,000	37,719,000		33,082,000	31,017,000
accounts receivable (net of allowance for doubtful accounts
of 1,495 and 1,221, respectively)																																														58,894,000
preferred stock, 0.01 par value. authorized 50,000,000 shares;
no shares issued or outstanding
class a, 0.01 par value. authorized 600,000,000 shares;
issued and outstanding 35,964,088 shares as of september 30, 2011 and 36,846,353 shares as of december 31, 2010																																														360,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares;
issued and outstanding 11,495,377 shares as of september 30, 2011 and december 31, 2010																																														115,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 37,044,372 shares as of june 30, 2011 and 36,846,353 shares as of december 31, 2010																																															370,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares as of june 30, 2011 and december 31, 2010																																															115,000
student loans receivable (net of allowance for loan losses of
41,097 and 43,626 respectively)																																																23,536,415,000
accounts receivable (net of allowance for doubtful accounts of
1,577 and 1,221, respectively)																																																52,812,000
issued and outstanding 36,983,557 shares as of march 31,
2011 and 36,846,353 shares as of december 31, 2010																																																370,000
issued and outstanding 11,495,377 shares as of march 31,
2011 and december 31, 2010																																																115,000
cash, cash equivalents, and investments																																																	1,084,322				1,055,414
shareholders' equity																																																	906,633				784,563
50,212 and 50,887 respectively)																																																		24,436,162,000
846 and 1,198, respectively)																																																		68,713,000
accrued litigation settlement charge																																																		55,000,000
issued and outstanding 36,848,473 shares as of september 30,
2010 and 38,396,791 shares as of december 31, 2009																																																		368,000	380,000	386,000
issued and outstanding 11,495,377 shares as of september 30,
2010 and december 31, 2009																																																		115,000	115,000	115,000
see accompanying notes to consolidated financial statements.
50,797 and 50,887 respectively)																																																			24,746,932,000
819 and 1,198, respectively)																																																			57,436,000
issued and outstanding 37,995,006 shares as of june 30,
issued and outstanding 11,495,377 shares as of june 30,
49,400 and 50,887 respectively)																																																				24,835,493,000
1,125 and 1,198, respectively)																																																				60,704,000
issued and outstanding 38,587,293 shares as of march 31,
50,120 and 50,922, respectively)																																																						23,764,263,000
1,506 and 1,005, respectively)																																																						49,268,000
issued and outstanding 38,349,461 shares as of september 30,
2009 and 37,794,067 shares as of december 31, 2008																																																						383,000
2009 and december 31, 2008																																																						115,000
student loans receivable — held for sale																																																							1,749,290,000					423,651,000
cash and cash equivalents — not held at a related party																																																							14,171,000	15,070,000	13,129,000	16,062,000		15,881,000	38,305,000	38,705,000
cash and cash equivalents — held at a related party																																																							352,656,000	228,635,000	176,718,000	308,945,000		108,290,000	73,441,000	67,381,000
restricted cash — due to customers																																																							41,127,000	55,610,000	160,985,000	47,859,000		48,955,000	81,845,000	153,557,000
shareholders’ equity:
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 38,325,492 shares as of june 30, 2009 and 37,794,067 shares as of december 31, 2008																																																							383,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares as of june 30, 2009 and december 31, 2008																																																							115,000
total shareholders’ equity																																																							681,187,000	671,602,000	643,226,000	609,730,000		538,107,000	608,879,000	671,850,000
total liabilities and shareholders’ equity																																																							28,110,542,000	28,093,137,000	27,854,897,000	28,970,015,000		30,019,816,000	29,162,783,000	26,796,873,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 38,276,870 shares as of march 31, 2009 and 37,794,067 shares as of december 31, 2008																																																								383,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares as of march 31, 2009 and december 31, 2008																																																								115,000
preferred stock, 0.01 par value. authorized 50,000,000 shares; no shares issued or outstanding common stock:
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 37,794,067 shares in 2008 and 37,980,617 shares in 2007																																																									378,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares in 2008 and 2007																																																									115,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 37,994,332 shares as of september 30, 2008 and 37,980,617 shares as of december 31, 2007																																																										380,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares as of september 30, 2008 and december 31, 2007																																																										115,000
preferred stock, 0.01 par value. authorized 50,000,000 shares;no shares issued or outstanding
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 37,952,246 shares as of june 30, 2008 and 37,980,617 shares as of december 31, 2007																																																											380,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares as of june 30, 2008 and december 31, 2007																																																											115,000
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 37,912,773 shares as of march 31, 2008 and 37,980,617 shares as of december 31, 2007																																																												379,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares as of march 31, 2008 and december 31, 2007																																																												115,000
assets of discontinued operations
liabilities of discontinued operations
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 37,980,617 shares in 2007 and 39,035,169 shares in 2006																																																													380,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,495,377 shares in 2007 and 13,505,812 shares in 2006																																																													115,000
accumulated other comprehensive income, net of taxes																																																														131,000
minority interest
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 39,035,169 shares in 2006 and 40,040,841 shares in 2005																																																														390,000
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 13,505,812 shares in 2006 and 13,962,954 shares in 2005																																																														135,000
unearned compensation																																																														-5,168,000

We provide you with 20 years of balance sheets for Nelnet stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Nelnet. Explore the full financial landscape of Nelnet stock with our expertly curated balance sheets.

The information provided in this report about Nelnet stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.