Nelnet Quarterly Income Statements Chart
Quarterly
|
Annual
Nelnet Quarterly Income Statements 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 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2019-02-07 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2018-02-07 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-03-31 | 2014-06-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| interest income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| loan interest | 172,104,000 | 166,439,000 | 178,434,000 | 190,211,000 | 202,129,000 | 216,724,000 | 227,233,000 | 236,423,000 | 243,045,000 | 225,243,000 | 228,878,000 | 176,244,000 | 134,706,000 | 111,377,000 | 112,118,000 | 124,096,000 | 122,005,000 | 124,117,000 | 132,674,000 | 134,507,000 | 146,140,000 | 181,793,000 | 229,063,000 | 238,222,000 | 242,333,000 | 163,353,500 | 232,320,000 | 223,371,000 | 197,723,000 | 47,938,750 | 191,755,000 | 189,488,000 | 181,207,000 | -192,969,720 | 193,721,000 | 184,067,000 | 189,988,000 | 554,314,000 | 171,944,000 | 175,466,000 | 156,896,000 | 479,467,000 | 158,675,000 | 158,063,000 | 155,539,000 | 458,709,000 | 150,528,000 | 150,988,000 | 153,058,000 | 432,731,000 | 156,955,000 | 138,934,000 | 137,358,000 | 439,388,000 | 159,287,000 | 155,353,000 | 134,967,000 | 466,665,000 | 143,255,000 | 160,413,000 | 170,919,000 |
| investment interest | 40,185,000 | 41,389,000 | 42,815,000 | 50,272,000 | 40,737,000 | 52,078,000 | 48,020,000 | 48,128,000 | 40,982,000 | 40,725,000 | 34,012,000 | 26,889,000 | 16,881,000 | 13,819,000 | 12,376,000 | 12,558,000 | 11,578,000 | 4,986,000 | 6,164,000 | 5,238,000 | 5,743,000 | 7,398,000 | 9,882,000 | 8,566,000 | 8,253,000 | 4,645,250 | 7,628,000 | 5,818,000 | 5,134,000 | 1,282,250 | 5,129,000 | 3,589,000 | 2,617,000 | -2,450,534 | 2,460,000 | 2,185,000 | 2,029,000 | 5,646,000 | 2,205,000 | 1,482,000 | 1,979,000 | 5,106,000 | 1,562,000 | 1,483,000 | 1,617,000 | 3,476,000 | 1,140,000 | 1,055,000 | 1,095,000 | 2,496,000 | 672,000 | 856,000 | 726,000 | 4,087,000 | 1,169,000 | 1,304,000 | 1,001,000 | 8,344,000 | 1,943,000 | 2,776,000 | 4,091,000 |
| total interest income | 212,289,000 | 207,828,000 | 221,249,000 | 240,483,000 | 242,866,000 | 268,802,000 | 275,253,000 | 284,551,000 | 284,027,000 | 265,968,000 | 262,890,000 | 203,133,000 | 151,587,000 | 125,196,000 | 124,494,000 | 136,654,000 | 133,583,000 | 129,103,000 | 138,838,000 | 139,745,000 | 151,883,000 | 189,191,000 | 238,945,000 | 246,788,000 | 250,586,000 | 167,998,750 | 239,948,000 | 229,189,000 | 202,857,000 | 49,221,000 | 196,884,000 | 193,077,000 | 183,824,000 | -195,420,254 | 196,181,000 | 186,252,000 | 192,017,000 | 559,960,000 | 174,149,000 | 176,948,000 | 158,875,000 | 484,573,000 | 160,237,000 | 159,546,000 | 157,156,000 | 462,185,000 | 151,668,000 | 152,043,000 | 154,153,000 | 435,227,000 | 157,627,000 | 139,790,000 | 138,084,000 | 443,475,000 | 160,456,000 | 156,657,000 | 135,968,000 | 475,009,000 | 145,198,000 | 163,189,000 | 175,010,000 |
| interest expense on bonds and notes payable and bank deposits | 132,854,000 | 125,114,000 | 141,170,000 | 168,328,000 | 176,459,000 | 194,580,000 | 205,335,000 | 207,159,000 | 233,148,000 | 199,449,000 | 181,790,000 | 126,625,000 | 73,642,000 | 48,079,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| net interest income | 79,435,000 | 82,714,000 | 80,079,000 | 72,155,000 | 66,407,000 | 74,222,000 | 69,918,000 | 77,392,000 | 50,879,000 | 66,519,000 | 81,100,000 | 76,508,000 | 77,945,000 | 77,117,000 | 76,200,000 | 86,478,000 | 83,592,000 | 101,330,000 | 86,555,000 | 81,322,000 | 66,635,000 | 55,073,000 | 66,457,000 | 59,825,000 | 58,816,000 | 46,205,250 | 59,773,000 | 57,739,000 | 67,307,000 | 18,808,500 | 75,234,000 | 79,841,000 | 76,925,000 | -99,422,437 | 99,795,000 | 92,200,000 | 101,609,000 | 329,304,000 | 102,595,000 | 107,713,000 | 98,871,000 | 308,953,000 | 104,922,000 | 101,419,000 | 98,798,000 | 260,021,000 | 85,266,000 | 84,567,000 | 84,856,000 | 267,804,000 | 96,761,000 | 88,736,000 | 85,777,000 | 278,858,000 | 92,213,000 | 97,414,000 | 85,109,000 | 166,163,000 | 69,182,000 | 57,107,000 | 28,508,000 |
| less benefit from loan losses | 17,930,000 | 15,337,000 | 22,056,000 | 18,111,000 | 10,928,000 | 13,631,500 | 10,659,000 | 9,592,000 | 2,999,000 | 76,299,000 | 10,000,000 | 9,000,000 | 7,000,000 | 4,500,000 | 10,500,000 | 3,500,000 | 4,000,000 | 1,500,000 | 6,000,000 | 2,000,000 | 1,000,000 | -5,986,500 | 6,000,000 | 2,000,000 | 2,500,000 | 8,150,000 | 2,000,000 | 1,500,000 | 2,500,000 | 13,500,000 | 5,000,000 | 5,000,000 | 5,000,000 | 16,500,000 | 5,000,000 | 7,000,000 | 6,000,000 | 16,000,000 | 5,250,000 | 5,250,000 | 3,750,000 | 17,200,000 | 5,500,000 | 6,200,000 | 5,000,000 | 21,500,000 | 7,500,000 | 8,000,000 | 7,500,000 | ||||||||||||
| net interest income after benefit from loan losses | 61,505,000 | 67,377,000 | 58,023,000 | 54,044,000 | 62,796,000 | 63,294,000 | 58,994,000 | 66,733,000 | 41,287,000 | 32,244,000 | 53,299,000 | 66,843,000 | 68,536,000 | 77,552,000 | 77,779,000 | 80,651,000 | 83,218,000 | 118,378,000 | 96,671,000 | 87,143,000 | 63,636,000 | -21,226,000 | 56,457,000 | 50,825,000 | 51,816,000 | 41,705,250 | 49,273,000 | 54,239,000 | 63,307,000 | 17,308,500 | 69,234,000 | 77,841,000 | 75,925,000 | -93,435,937 | 93,795,000 | 90,200,000 | 99,109,000 | 321,154,000 | 100,595,000 | 106,213,000 | 96,371,000 | 295,453,000 | 99,922,000 | 96,419,000 | 93,798,000 | 243,521,000 | 80,266,000 | 77,567,000 | 78,856,000 | 251,804,000 | 91,511,000 | 83,486,000 | 82,027,000 | 261,658,000 | 86,713,000 | 91,214,000 | 80,109,000 | 144,663,000 | 61,682,000 | 49,107,000 | 21,008,000 |
| other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| loan servicing and systems revenue | 120,724,000 | 120,741,000 | 137,980,000 | 108,175,000 | 109,052,000 | 127,201,000 | 128,816,000 | 127,892,000 | 122,020,000 | 139,227,000 | 140,021,000 | 134,197,000 | 124,873,000 | 136,368,000 | 150,402,000 | 112,351,000 | 112,094,000 | 111,517,000 | 113,990,000 | 113,794,000 | 111,042,000 | 112,735,000 | 113,286,000 | 113,985,000 | 114,898,000 | 81,816,250 | 112,579,000 | 114,545,000 | 100,141,000 | ||||||||||||||||||||||||||||||||
| education technology services and payments revenue | 118,184,000 | 147,330,000 | 108,335,000 | 118,179,000 | 116,909,000 | 143,539,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| reinsurance premiums earned | 26,112,000 | 24,687,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| solar construction revenue | 1,259,000 | 3,995,000 | 13,828,000 | 19,321,000 | 9,694,000 | 13,726,000 | 11,982,000 | 6,301,000 | 4,735,000 | 8,651,000 | 15,185,000 | 9,358,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| other | 22,976,000 | 23,694,000 | -16,455,000 | 32,325,000 | 28,871,000 | 17,015,000 | -27,494,000 | -211,000 | -7,011,000 | -14,071,000 | 736,000 | 2,225,000 | 12,647,000 | 9,877,000 | 48,498,000 | 11,867,000 | 22,921,000 | -4,604,000 | 90,083,000 | 29,129,000 | 40,377,000 | 35,627,000 | 109,655,000 | 39,887,000 | 34,365,000 | 34,941,000 | 95,982,000 | 29,989,000 | 30,908,000 | 32,263,000 | 84,511,000 | 28,904,000 | 28,767,000 | 26,105,000 | 28,459,000 | 6,694,000 | 9,613,000 | 9,188,000 | 25,877,000 | 7,773,000 | 9,544,000 | 7,804,000 | |||||||||||||||||||
| gain on sale of loans | 909,000 | -41,000 | 6,988,000 | 5,362,000 | 15,511,000 | 11,812,000 | -2,713,000 | 2,627,000 | 2,989,000 | 3,444,000 | 15,271,000 | 14,817,000 | 18,206,000 | 26,360,000 | 8,788,000 | -196,000 | |||||||||||||||||||||||||||||||||||||||||||||
| gain on partial redemption of allo investment | 175,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| derivative market value adjustments and derivative settlements | -3,122,000 | -5,578,000 | 14,880,000 | -11,525,000 | 3,182,000 | 9,721,000 | -8,654,000 | 3,957,000 | 2,070,000 | -14,074,000 | 13,424,000 | 63,262,000 | 45,024,000 | 142,925,000 | 42,578,000 | 1,351,000 | -6,989,000 | 34,505,000 | -11,059,000 | 1,049,000 | 1,910,000 | -16,365,000 | 1,668,000 | -24,088,000 | -11,539,000 | ||||||||||||||||||||||||||||||||||||
| total other income | 461,177,000 | 315,778,000 | 358,398,000 | 237,316,000 | 258,494,000 | 311,161,000 | 190,740,000 | 252,123,000 | 247,183,000 | 265,148,000 | 219,114,000 | 182,149,000 | 206,128,000 | 167,924,750 | 216,577,000 | 200,218,000 | 254,907,000 | 31,299,000 | 125,196,000 | 81,859,000 | 115,737,000 | -144,593,734 | 145,075,000 | 58,426,000 | 84,865,000 | 351,043,000 | 117,069,000 | 125,342,000 | 125,908,000 | 397,967,000 | 101,175,000 | 163,088,000 | 119,864,000 | 300,789,000 | 83,493,000 | 87,052,000 | 98,839,000 | 301,002,000 | 85,128,000 | 75,302,000 | 105,413,000 | 384,589,000 | 72,980,000 | 96,996,000 | 110,510,000 | 313,101,000 | 101,885,000 | 62,370,000 | 112,619,000 | ||||||||||||
| cost of services and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| loan servicing contract fulfillment and acquisition costs | 1,845,000 | 1,633,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| cost to provide education technology services and payments | 39,844,000 | 48,047,000 | 38,657,000 | 45,273,000 | 40,222,000 | 48,610,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| cost to provide solar construction services | 14,050,000 | 7,828,000 | 28,558,000 | 26,815,000 | 8,072,000 | 14,229,000 | 23,372,000 | 7,783,000 | 9,122,000 | 8,299,000 | 14,003,000 | 5,968,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| total cost of services | 55,739,000 | 57,508,000 | 69,104,000 | 72,088,000 | 48,294,000 | 62,839,000 | 62,751,000 | 51,477,000 | 49,529,000 | 56,003,000 | 53,333,000 | 48,644,000 | 28,597,000 | 31,335,000 | 21,676,000 | 27,052,000 | 24,354,000 | 31,157,000 | 21,119,000 | 28,388,000 | 30,907,000 | 20,972,000 | 25,818,000 | 13,994,750 | 23,397,000 | 15,182,000 | 17,400,000 | ||||||||||||||||||||||||||||||||||
| salaries and benefits | 134,699,000 | 138,223,000 | 147,230,000 | 146,192,000 | 139,634,000 | 143,875,000 | 152,917,000 | 141,204,000 | 144,706,000 | 152,710,000 | 151,569,000 | 147,198,000 | 141,398,000 | 149,414,000 | 143,781,000 | 128,592,000 | 118,968,000 | 115,791,000 | 136,612,000 | 126,096,000 | 119,247,000 | 119,878,000 | 116,670,000 | 111,214,000 | 111,059,000 | 80,483,000 | 114,172,000 | 111,118,000 | 96,643,000 | 18,548,250 | 74,193,000 | 74,628,000 | 71,863,000 | -63,487,076 | 63,743,000 | 60,923,000 | 63,242,000 | 186,864,000 | 61,050,000 | 53,888,000 | 52,484,000 | 147,457,000 | 48,712,000 | 47,432,000 | 47,905,000 | 146,431,000 | 46,395,000 | 48,703,000 | 49,095,000 | 133,819,000 | 44,132,000 | 42,881,000 | 43,912,000 | 124,926,000 | 41,085,000 | 41,034,000 | 41,641,000 | 117,722,000 | 37,810,000 | 40,180,000 | 38,226,000 |
| depreciation and amortization | 7,624,000 | 9,255,000 | 12,544,000 | 13,661,000 | 15,142,000 | 16,769,000 | 22,004,000 | 21,835,000 | 18,652,000 | 16,627,000 | 20,099,000 | 18,772,000 | 18,250,000 | 16,956,000 | 17,612,000 | 15,710,000 | 20,236,000 | 20,184,000 | 31,350,000 | 30,308,000 | 29,393,000 | 27,648,000 | 27,701,000 | 24,484,000 | 24,213,000 | 15,735,750 | 22,992,000 | 21,494,000 | 18,457,000 | 2,512,750 | 10,051,000 | 9,038,000 | 8,598,000 | -8,960,067 | 8,994,000 | 8,183,000 | 7,640,000 | 20,681,000 | 5,662,000 | 5,214,000 | 4,783,000 | 13,971,000 | 4,340,000 | 4,320,000 | 4,377,000 | 25,223,000 | 8,402,000 | 8,226,000 | 8,136,000 | 21,827,000 | 7,917,000 | 6,769,000 | 6,776,000 | 24,234,000 | 7,577,000 | 8,282,000 | 8,491,000 | 26,867,000 | 8,769,000 | 9,527,000 | 10,083,000 |
| reinsurance losses and underwriting expenses | 25,662,000 | 22,212,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| other incomes | 51,306,000 | 48,226,000 | 11,225,000 | 61,642,000 | 59,792,000 | 56,845,000 | 51,697,000 | 51,370,000 | 45,997,000 | 40,785,000 | 50,481,000 | 43,858,000 | 36,940,000 | 39,499,000 | 37,858,000 | 38,324,000 | 32,587,000 | 36,698,000 | 45,390,000 | 34,744,000 | 37,052,000 | 43,384,000 | 54,947,000 | 42,261,000 | 40,923,000 | 29,755,000 | 45,194,000 | 40,409,000 | 33,417,000 | 7,629,500 | 30,518,000 | 27,528,000 | 26,547,000 | 6,597,750 | 26,391,000 | 29,409,000 | 28,376,000 | ||||||||||||||||||||||||
| total operating expenses | 219,291,000 | 217,916,000 | 226,245,000 | 221,495,000 | 214,568,000 | 217,489,000 | 226,618,000 | 214,409,000 | 209,355,000 | 210,122,000 | 222,149,000 | 209,828,000 | 196,588,000 | 205,869,000 | 199,251,000 | 182,626,000 | 171,791,000 | 172,673,000 | 213,352,000 | 191,148,000 | 185,692,000 | 190,910,000 | 202,700,000 | 181,115,000 | 179,088,000 | 128,330,750 | 185,445,000 | 176,225,000 | 151,653,000 | 31,333,250 | 125,333,000 | 119,017,000 | 114,987,000 | -106,350,485 | 106,792,000 | 107,412,000 | 111,512,000 | 353,989,000 | 115,228,000 | 112,790,000 | 107,369,000 | 321,376,000 | 107,607,000 | 102,904,000 | 106,865,000 | 328,627,000 | 104,937,000 | 108,211,000 | 111,172,000 | 302,880,000 | 104,778,000 | 100,557,000 | 99,632,000 | 343,199,000 | 160,287,000 | 108,221,000 | 103,704,000 | 312,971,000 | 92,662,000 | 97,356,000 | 92,571,000 |
| impairment expense and benefit from beneficial interests | 10,288,000 | 1,591,000 | 79,494,000 | -29,052,000 | -7,776,000 | -9,360,000 | 121,000 | -6,284,000 | -4,137,000 | -14,159,000 | -500,000 | 2,436,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| total expenses | 285,318,000 | 277,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income before income taxes | 237,364,000 | 106,140,000 | 78,443,000 | -2,223,000 | 58,428,000 | 94,127,000 | -39,635,000 | 52,970,000 | 29,586,000 | 31,267,000 | 33,442,000 | 127,055,000 | 108,387,000 | 240,583,000 | 168,222,000 | 66,868,000 | 109,250,000 | 157,765,000 | 302,180,000 | 90,332,000 | 107,874,000 | -49,898,000 | 41,964,000 | 30,887,000 | 53,038,000 | 67,304,500 | 57,008,000 | 63,050,000 | 149,161,000 | 17,274,250 | 69,097,000 | 40,683,000 | 76,675,000 | -131,679,186 | 132,078,000 | 41,214,000 | 72,462,000 | 318,208,000 | 102,436,000 | 118,765,000 | 114,910,000 | 372,044,000 | 93,490,000 | 156,603,000 | 106,797,000 | 215,683,000 | 58,822,000 | 56,408,000 | 66,523,000 | 249,926,000 | 71,861,000 | 58,231,000 | 87,808,000 | 303,048,000 | -594,000 | 79,989,000 | 86,915,000 | 144,793,000 | 70,905,000 | 14,121,000 | 41,056,000 |
| income tax expense | 59,510,000 | 25,010,000 | 14,753,000 | 23,119,000 | -9,722,000 | 10,734,000 | 10,491,000 | 8,250,000 | 5,459,000 | 26,586,000 | 25,483,000 | 55,697,000 | 39,075,000 | 15,649,000 | 26,237,000 | 70,574,000 | 19,156,000 | 21,264,000 | 8,829,000 | 6,209,000 | 11,391,000 | 15,842,250 | 13,882,000 | 13,511,000 | 35,976,000 | 6,390,500 | 25,562,000 | 16,032,000 | 28,755,000 | -47,573,687 | 47,715,000 | 15,036,000 | 24,433,000 | 114,750,000 | 37,630,000 | 43,078,000 | 40,611,000 | 130,749,000 | 30,444,000 | 54,746,000 | 38,447,000 | 117,947,000 | -21,870,000 | -14,878,000 | -23,230,000 | -21,106,000 | -32,928,000 | -29,996,000 | -32,593,000 | -52,072,000 | -24,501,000 | ||||||||||
| net income | 177,854,000 | 81,130,000 | 63,427,000 | -1,941,000 | 43,675,000 | 71,008,000 | -29,913,000 | 42,236,000 | 19,095,000 | 23,017,000 | 27,983,000 | 100,469,000 | 82,904,000 | 184,886,000 | 129,147,000 | 51,219,000 | 83,013,000 | 122,904,000 | 231,606,000 | 71,176,000 | 86,610,000 | -39,765,000 | 33,135,000 | 24,678,000 | 41,647,000 | 51,462,250 | 43,126,000 | 49,539,000 | 113,185,000 | 10,883,750 | 43,535,000 | 24,651,000 | 47,920,000 | -84,105,499 | 84,363,000 | 26,178,000 | 48,029,000 | 203,458,000 | 64,806,000 | 75,687,000 | 74,299,000 | 241,295,000 | 63,046,000 | 101,857,000 | 68,350,000 | 141,476,000 | 36,952,000 | 41,530,000 | 43,293,000 | 156,884,000 | 47,451,000 | 37,125,000 | 54,880,000 | 189,402,000 | -368,000 | 49,993,000 | 54,322,000 | 92,721,000 | 46,404,000 | 8,203,000 | 25,455,000 |
| yoy | 307.22% | 14.25% | -312.04% | -104.60% | 128.72% | 208.50% | -206.90% | -57.96% | -76.97% | -87.55% | -78.33% | 96.16% | -0.13% | 50.43% | -44.24% | -28.04% | -4.15% | -409.08% | 598.98% | 188.42% | 107.96% | -177.27% | -23.17% | -50.18% | -63.20% | 372.84% | -0.94% | 100.96% | 136.20% | -112.94% | -48.40% | -5.83% | -0.23% | -141.34% | 30.18% | -65.41% | -35.36% | -15.68% | 2.79% | -25.69% | 8.70% | 70.56% | 70.62% | 145.26% | 57.88% | -9.82% | -22.13% | 11.87% | -21.11% | -17.17% | -12994.29% | -25.74% | 1.03% | 104.27% | -100.79% | 509.45% | 113.40% | ||||
| qoq | 119.22% | 27.91% | -3367.75% | -104.44% | -38.49% | -337.38% | -170.82% | 121.19% | -17.04% | -17.75% | -72.15% | 21.19% | -55.16% | 43.16% | 152.15% | -38.30% | -32.46% | -46.93% | 225.40% | -17.82% | -317.80% | -220.01% | 34.27% | -40.74% | -19.07% | 19.33% | -12.95% | -56.23% | 939.94% | -75.00% | 76.61% | -48.56% | -156.98% | -199.69% | 222.27% | -45.50% | -76.39% | 213.95% | -14.38% | 1.87% | -69.21% | 282.73% | -38.10% | 49.02% | -51.69% | 282.86% | -11.02% | -4.07% | -72.40% | 230.62% | 27.81% | -32.35% | -71.02% | -51567.93% | -100.74% | -7.97% | -41.41% | 99.81% | 465.70% | -67.77% | |
| net income margin % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net income attributable to noncontrolling interests | 3,605,000 | 1,430,000 | -268,000 | 4,329,000 | 1,416,000 | 2,202,000 | 21,359,000 | 3,096,000 | 9,172,000 | 3,470,000 | 2,791,000 | 4,329,000 | 2,225,000 | 1,761,000 | -128,000 | -767,000 | 740,000 | 17,250 | 69,000 | 28,000 | 68,000 | ||||||||||||||||||||||||||||||||||||||||
| net income attributable to nelnet, inc. | 181,459,000 | 82,560,000 | 63,159,000 | 2,388,000 | 45,091,000 | 73,210,000 | -8,554,000 | 45,332,000 | 28,267,000 | 26,487,000 | 30,774,000 | 104,798,000 | 85,129,000 | 186,647,000 | 132,683,000 | 53,138,000 | 83,867,000 | 123,598,000 | 234,991,000 | 71,503,000 | 86,482,000 | -40,532,000 | 33,212,000 | 24,619,000 | 41,591,000 | 51,571,750 | 42,927,000 | 49,435,000 | 113,925,000 | 11,575,750 | 46,303,000 | 28,737,000 | 50,026,000 | -84,037,249 | 84,294,000 | 26,150,000 | 47,961,000 | 203,214,000 | 64,765,000 | 74,994,000 | 73,786,000 | 239,842,000 | 62,830,000 | 101,243,000 | 68,079,000 | 141,169,000 | 36,828,000 | 41,394,000 | 43,141,000 | ||||||||||||
| earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net income attributable to nelnet, inc. shareholders - basic and diluted | 4,970 | 2,260 | 1,730 | 70 | 1,230 | 1,970 | -220 | 1,210 | 750 | 710 | 840 | 2,800 | 2,260 | 4,910 | 3,460 | 1,380 | 2,160 | 3,200 | 6,030 | 1,860 | 2,210 | -1,010 | 830 | 610 | 1,030 | 1,260 | 1,050 | 1,210 | 2,780 | 277.5 | 1,110 | 680 | 1,180 | 495 | 1,980 | 610 | 1,110 | 4,490 | 1,400 | 1,610 | 1,590 | 5,150 | 1,350 | 2,170 | 1,460 | ||||||||||||||||
| weighted-average common shares outstanding - basic and diluted | 36,485,605,000 | 36,478,426,000 | 36,642,533,000 | 36,430,485,000 | 36,525,482,000 | 37,156,971,000 | 37,416,621,000 | 37,498,073,000 | 37,468,397,000 | 37,344,604,000 | 37,603,033,000 | 37,380,493,000 | 37,710,214,000 | 38,041,834,000 | 38,572,801,000 | 38,595,721,000 | 38,741,486,000 | 38,603,555,000 | 39,059,588,000 | 38,538,476,000 | 39,203,404,000 | 39,955,514,000 | 39,877,129,000 | 40,050,065,000 | 40,373,295,000 | 40,988,965,000 | 40,886,617,000 | 40,950,528,000 | 41,553,316,000 | 42,326,540,000 | 42,291,857,000 | 42,642,213,000 | 42,635,700,000 | 43,088,092,000 | 45,529,340,000 | 46,290,590,000 | 46,529,377,000 | 46,527,917,000 | 46,570,314,000 | 46,496,612,000 | 46,626,853,000 | 46,658,031,000 | |||||||||||||||||||
| loss on sale of loans | 42,000 | -107,000 | -1,438,000 | -206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| cost of services: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income tax (benefit) expense | 9,413,250 | -282,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| less provision (negative provision) for loan losses | 3,611,000 | 34,275,000 | 27,801,000 | 9,665,000 | 9,409,000 | -2,711,750 | 5,827,000 | 374,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| education technology, services, and payment processing revenue | 89,314,500 | 113,796,000 | 109,858,000 | 133,603,000 | 98,332,000 | 106,894,000 | 91,031,000 | 112,286,000 | 80,950,000 | 85,324,000 | 76,702,000 | 95,258,000 | 65,096,000 | 74,121,000 | 59,304,000 | 83,675,000 | 74,251,000 | 60,342,000 | 79,159,000 | 41,843,000 | 58,409,000 | 48,742,000 | 60,221,000 | ||||||||||||||||||||||||||||||||||||||
| impairment and other income | -1,243,500 | -4,974,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| cost to provide education technology, services, and payment processing services | 32,951,000 | 43,694,000 | 40,407,000 | 47,704,000 | 39,330,000 | 42,676,000 | 30,852,000 | 35,545,000 | 28,597,000 | 31,335,000 | 21,676,000 | 27,052,000 | 18,782,000 | 25,243,000 | 15,376,000 | 22,806,000 | 25,671,000 | 15,871,000 | 21,059,000 | 11,021,750 | 19,087,000 | 11,317,000 | 13,683,000 | ||||||||||||||||||||||||||||||||||||||
| impairment expense | -8,604,750 | -332,000 | -34,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| other income/expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| total other income/expense | 247,605,000 | 318,684,000 | 267,291,000 | 404,445,000 | 318,291,000 | 200,178,000 | 219,499,000 | 239,112,000 | 443,215,000 | 225,494,000 | 251,049,000 | 190,626,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| less negative benefit from loan losses | -435,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| interest expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| interest on bonds and notes payable and bank deposits | 48,294,000 | 50,176,000 | 49,991,000 | 27,773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| communications revenue | 19,253,000 | 20,211,000 | 18,998,000 | 18,181,000 | 16,470,000 | 15,758,000 | 14,543,000 | 7,831,750 | 11,818,000 | 10,320,000 | 9,189,000 | 1,687,750 | 6,751,000 | 5,719,000 | 5,106,000 | -4,325,341 | 4,343,000 | 4,478,000 | 4,346,000 | ||||||||||||||||||||||||||||||||||||||||||
| cost to provide communications services | 5,572,000 | 5,914,000 | 5,743,000 | 5,582,000 | 5,236,000 | 5,101,000 | 4,759,000 | 2,973,000 | 4,310,000 | 3,865,000 | 3,717,000 | 658,000 | 2,632,000 | 2,203,000 | 1,954,000 | 446,000 | 1,784,000 | 1,681,000 | 1,703,000 | ||||||||||||||||||||||||||||||||||||||||||
| net income (income) attributable to noncontrolling interests | 866,750 | 1,919,000 | 854,000 | 694,000 | -142,000 | 327,000 | 77,000 | 692,000 | 2,768,000 | 4,086,000 | 2,106,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| less (negative provision) benefit from loan losses | -17,048,000 | 18,369,000 | -5,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income tax benefit | -34,861,000 | 10,133,000 | -6,102,500 | -24,410,000 | 56,500 | 226,000 | -5,918,000 | -15,601,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| interest on bonds and notes payable | 69,447,000 | 58,423,000 | 85,248,000 | 134,118,000 | 172,488,000 | 186,963,000 | 191,770,000 | 121,793,500 | 180,175,000 | 171,450,000 | 135,550,000 | 30,412,500 | 121,650,000 | 113,236,000 | 106,899,000 | 24,096,500 | 96,386,000 | 94,052,000 | 90,408,000 | 230,656,000 | 71,554,000 | 69,235,000 | 60,004,000 | 175,620,000 | 55,315,000 | 58,127,000 | 58,358,000 | 202,164,000 | 66,402,000 | 67,476,000 | 69,297,000 | 167,423,000 | 60,866,000 | 51,054,000 | 52,307,000 | 164,617,000 | 68,243,000 | 59,243,000 | 50,859,000 | 308,846,000 | 76,016,000 | 106,082,000 | 146,502,000 | ||||||||||||||||||
| other income | 17,477,500 | 1,502,000 | 60,127,000 | 8,281,000 | 13,439,000 | 16,152,000 | 9,067,000 | 11,112,250 | 16,673,000 | 9,580,000 | 18,198,000 | 4,939,000 | 19,756,000 | 12,485,000 | 12,632,000 | -15,096,071 | 15,150,000 | 9,765,000 | 13,796,000 | 20,712,000 | 6,918,000 | 15,315,000 | 18,131,000 | 37,685,000 | 8,613,000 | 12,288,000 | 9,416,000 | 26,777,000 | 12,699,000 | 8,800,000 | 10,954,000 | 25,582,000 | 3,931,000 | 6,826,000 | 6,492,000 | 21,878,000 | 9,432,000 | 8,496,000 | 7,260,000 | 57,058,000 | 11,094,000 | 11,527,000 | 16,862,000 | ||||||||||||||||||
| loan servicing fees to third parties | 3,382,000 | 3,156,000 | 2,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net (income) loss attributable to noncontrolling interests | -59,000 | -56,000 | 109,500 | -199,000 | -104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gain from debt repurchases | 89,750 | 359,000 | 29,000 | 116,000 | 442,000 | 4,980,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| derivative market value and foreign currency transaction adjustments and derivative settlements | 25,231,750 | 17,098,000 | 17,031,000 | 66,799,000 | 1,793,250 | 7,173,000 | -27,910,000 | -4,830,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| loan servicing fees | 2,357,000 | 3,087,000 | 3,204,000 | 3,136,000 | 1,984,750 | 7,939,000 | 5,620,000 | 6,025,000 | -5,854,250 | 5,880,000 | 7,216,000 | 6,928,000 | 22,528,000 | 7,685,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| loan systems and servicing revenue | 13,987,500 | 55,950,000 | 56,899,000 | 54,229,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| tuition payment processing, school information, and campus commerce revenue | 8,862,500 | 35,450,000 | 34,224,000 | 43,620,000 | 8,267,750 | 33,071,000 | 30,483,000 | 38,657,000 | 85,685,000 | 34,680,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| enrollment services revenue | 4,326,000 | 52,842,000 | 17,863,000 | 20,145,000 | 22,011,000 | 75,515,000 | 22,563,000 | 24,823,000 | 28,957,000 | 87,264,000 | 30,661,000 | 29,710,000 | 31,664,000 | 94,965,000 | 35,505,000 | 32,315,000 | 33,868,000 | 103,458,000 | 36,439,000 | 35,403,000 | 33,271,000 | 88,727,000 | 30,670,000 | 28,747,000 | 28,771,000 | ||||||||||||||||||||||||||||||||||||
| cost to provide enrollment services | 3,623,000 | 33,833,000 | 11,702,000 | 13,311,000 | 14,475,000 | 50,293,000 | 14,668,000 | 16,787,000 | 19,642,000 | 58,224,000 | 20,151,000 | 20,374,000 | 21,678,000 | 62,723,000 | 23,825,000 | 22,140,000 | 22,839,000 | 67,938,000 | 23,709,000 | 24,111,000 | 22,025,000 | 54,603,000 | 20,323,000 | 18,092,000 | 17,793,000 | ||||||||||||||||||||||||||||||||||||
| loan and guaranty servicing revenue | 13,587,500 | 54,350,000 | 54,402,000 | 52,330,000 | 182,047,000 | 57,811,000 | 66,460,000 | 64,757,000 | 178,846,000 | 64,582,000 | 60,078,000 | 55,601,000 | 156,463,000 | 53,285,000 | 52,391,000 | 49,488,000 | 137,730,000 | 37,927,000 | 37,389,000 | 35,636,000 | 106,172,000 | 33,464,000 | 36,652,000 | 36,394,000 | 82,741,000 | 26,006,000 | 28,803,000 | 26,471,000 | |||||||||||||||||||||||||||||||||
| gain on sale of loans and debt repurchases | -2,152,019 | 2,160,000 | 101,000 | 2,278,000 | 2,875,000 | 18,000 | 39,000 | 9,561,000 | 2,138,000 | 7,355,000 | 1,407,000 | 3,944,000 | 195,000 | 935,000 | 8,307,000 | 68,746,000 | 9,885,000 | 8,759,000 | 10,177,000 | ||||||||||||||||||||||||||||||||||||||||||
| derivative market value and foreign currency adjustments and derivative settlements | 9,000,250 | 36,001,000 | -40,702,000 | -28,691,000 | 7,479,000 | -3,078,000 | 1,570,000 | -4,265,000 | 35,605,000 | -16,648,000 | 40,188,000 | 1,072,000 | -30,141,000 | -31,275,000 | -21,618,000 | -15,180,000 | -20,335,000 | ||||||||||||||||||||||||||||||||||||||||||||
| net income attributable to noncontrolling interest | 10,250 | 41,000 | 693,000 | 513,000 | 1,453,000 | 216,000 | 614,000 | 271,000 | 307,000 | 124,000 | 136,000 | 152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| tuition payment processing and campus commerce revenue | 21,834,000 | 25,235,000 | 60,755,000 | 19,927,000 | 18,356,000 | 23,411,000 | 56,482,000 | 17,928,000 | 16,834,000 | 21,913,000 | 51,023,000 | 16,774,000 | 14,761,000 | 19,369,000 | 45,297,000 | 14,527,000 | 12,795,000 | 17,382,000 | 40,907,000 | 12,987,000 | 11,848,000 | 15,538,000 | |||||||||||||||||||||||||||||||||||||||
| net income attributable to nelnet, inc. shareholders - basic | 2,980 | 780 | 870 | 910 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net income attributable to nelnet, inc. shareholders - diluted | 2,970 | 770 | 870 | 910 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| basic | 47,010,034,000 | 47,086,098,000 | 47,049,055,000 | 46,989,773,000 | 47,860,824,000 | 48,059,747,000 | 48,302,779,000 | 48,171,317,000 | 49,127,934,000 | 48,938,333,000 | 49,735,398,000 | 49,716,696,000 | 49,484,816,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| diluted | 47,236,391,000 | 47,321,797,000 | 47,292,147,000 | 47,184,079,000 | 48,047,669,000 | 48,253,888,000 | 48,488,046,000 | 48,363,035,000 | 49,326,686,000 | 48,938,333,000 | 49,934,648,000 | 49,912,589,000 | 49,685,143,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| dividends paid per common share | 100 | 70 | 630 | 70 | 70 | 70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| software services revenue | 1,155,500 | 4,622,000 | 4,346,000 | 4,777,000 | 14,324,000 | 4,624,000 | 5,499,000 | 4,344,000 | 16,564,000 | 4,600,000 | 6,119,000 | 5,705,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| derivative market value and foreign currency adjustments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| and derivative settlements | -3,407,750 | -13,631,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| litigation settlement | 55,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| restructure expense | 1,269,000 | 4,751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net earnings - basic | 3,260 | 980 | 760 | 1,130 | -2.5 | -10 | 1,000 | 1,090 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| net earnings - diluted | 3,250 | 980 | 760 | 1,130 | -2.5 | -10 | 990 | 1,080 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| derivative market value and foreign currency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| adjustments and derivative settlements | -3,036,000 | -8,847,750 | -35,391,000 | -10,608,000 | 1,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| other operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| professional and other services | 38,566,000 | 11,428,000 | 15,151,000 | 11,241,000 | 20,681,000 | 6,584,000 | 7,721,000 | 6,077,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| occupancy and communications | 10,038,000 | 3,632,000 | 3,652,000 | 3,588,000 | 14,184,000 | 5,122,000 | 5,588,000 | 5,354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| postage and distribution | 8,997,000 | 2,911,000 | 2,708,000 | 2,869,000 | 7,419,000 | 1,958,000 | 2,274,000 | 2,868,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| advertising and marketing | 8,727,000 | 2,403,000 | 2,524,000 | 3,459,000 | 6,110,000 | 1,936,000 | 1,986,000 | 1,710,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| trustee and other debt related fees | 3,446,000 | 1,097,000 | 1,146,000 | 1,202,000 | 6,780,000 | 2,387,000 | 2,444,000 | 2,656,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| total other operating expenses | 218,273,000 | 119,202,000 | 67,187,000 | 62,063,000 | 195,249,000 | 54,852,000 | 57,176,000 | 54,345,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| see accompanying notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| nelnet, inc. and subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| consolidated statements of shareholders' equity and comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| balance as of june 30, 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| issuance of common stock, net of forfeitures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| compensation expense for stock based awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| repurchase of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| balance as of september 30, 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| balance as of june 30, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| comprehensive loss: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| cash dividend on class a and class b | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| common stock - 0.07 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| reduction of employee stock notes receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| balance as of september 30, 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| balance as of december 31, 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| balance as of december 31, 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| common stock - 0.21 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| derivative market value, foreign currency, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| and put option adjustments and derivative | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| settlements | 1,935,000 | 7,740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income from continuing operations | 92,721,000 | 46,404,000 | 8,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| earnings per share, basic and diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| derivative market value, foreign currency, and put option adjustments and derivative settlements | -24,478,000 | 19,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| earnings per share, basic and diluted | 0.52 |
We provide you with 20 years income statements for Nelnet stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Nelnet stock. Explore the full financial landscape of Nelnet stock with our expertly curated income statements.
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.