Nelnet, Inc(NYSE:NNI) 
Nelnet, Inc. engages in loan servicing, communications, and education technology, services, and payment processing businesses worldwide. The company's Loan Servicing and Systems is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer serv...
Website: http://www.nelnet.net
Founded: 1996
Full Time Employees: 6,600
Sector: Financial Services
Industry: Credit Services
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2019-02-07 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2018-02-07 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 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 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan interest | 171,024,000 | 184,825,000 | 162,717,000 | 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 | 204,638,000 | 229,063,000 | 238,222,000 | 242,333,000 | 244,252,000 | 232,320,000 | 223,371,000 | 197,723,000 | 195,280,000 | 191,755,000 | 189,488,000 | 181,207,000 | 183,505,000 | 193,721,000 | 184,067,000 | 189,988,000 | 190,778,000 | 187,701,000 | 175,835,000 | 171,944,000 | 182,783,000 | 187,862,000 | 175,466,000 | 156,896,000 | 165,865,000 | 158,675,000 | 158,063,000 | 155,539,000 | 154,663,000 | 150,528,000 | 150,988,000 | 153,058,000 | 156,439,000 | 156,955,000 | 138,934,000 | 137,358,000 | 149,068,000 | 159,287,000 | 155,353,000 | 134,967,000 | 135,333,000 | 143,255,000 | 160,413,000 | 170,919,000 | 265,243,000 | 284,468,000 | 296,686,000 | 329,986,000 | |||||
investment interest | 40,202,000 | 40,559,000 | 43,241,000 | 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 | 7,720,000 | 9,882,000 | 8,566,000 | 8,253,000 | 8,019,000 | 7,628,000 | 5,818,000 | 5,134,000 | 1,360,000 | 5,129,000 | 3,589,000 | 2,617,000 | 2,792,000 | 2,460,000 | 2,185,000 | 2,029,000 | 2,303,000 | 1,456,000 | 1,887,000 | 2,205,000 | 1,770,000 | 1,562,000 | 1,482,000 | 1,979,000 | 2,006,000 | 1,562,000 | 1,483,000 | 1,617,000 | 1,326,000 | 1,140,000 | 1,055,000 | 1,095,000 | 914,000 | 672,000 | 856,000 | 726,000 | 1,782,000 | 1,169,000 | 1,304,000 | 1,001,000 | 1,477,000 | 1,943,000 | 2,776,000 | 4,091,000 | 8,084,000 | 9,118,000 | 9,116,000 | 11,680,000 | |||||
total interest income | 211,226,000 | 225,384,000 | 205,958,000 | 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 | 212,358,000 | 238,945,000 | 246,788,000 | 250,586,000 | 252,271,000 | 239,948,000 | 229,189,000 | 202,857,000 | 196,640,000 | 196,884,000 | 193,077,000 | 183,824,000 | 186,297,000 | 196,181,000 | 186,252,000 | 192,017,000 | 193,081,000 | 189,157,000 | 177,722,000 | 174,149,000 | 184,553,000 | 189,424,000 | 176,948,000 | 158,875,000 | 167,871,000 | 160,237,000 | 159,546,000 | 157,156,000 | 155,989,000 | 151,668,000 | 152,043,000 | 154,153,000 | 157,353,000 | 157,627,000 | 139,790,000 | 138,084,000 | 150,850,000 | 160,456,000 | 156,657,000 | 135,968,000 | 136,810,000 | 145,198,000 | 163,189,000 | 175,010,000 | 273,327,000 | 293,586,000 | 305,802,000 | 341,666,000 | |||||
interest expense on bonds and notes payable and bank deposits | 109,583,000 | 118,273,000 | 120,708,000 | 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 | 101,643,000 | 107,111,000 | 85,250,000 | 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 | 64,252,000 | 66,457,000 | 59,825,000 | 58,816,000 | 69,539,000 | 59,773,000 | 57,739,000 | 67,307,000 | 73,239,000 | 75,234,000 | 79,841,000 | 76,925,000 | 78,961,000 | 99,795,000 | 92,200,000 | 101,609,000 | 112,215,000 | 111,993,000 | 105,096,000 | 102,595,000 | 112,492,000 | 117,487,000 | 107,713,000 | 98,871,000 | 108,736,000 | 104,922,000 | 101,419,000 | 98,798,000 | 90,598,000 | 85,266,000 | 84,567,000 | 84,856,000 | 93,291,000 | 96,761,000 | 88,736,000 | 85,777,000 | 96,335,000 | 92,213,000 | 97,414,000 | 85,109,000 | 80,548,000 | 69,182,000 | 57,107,000 | 28,508,000 | 38,459,000 | 59,570,000 | 73,338,000 | 16,525,000 | |||||
less provision for loan losses | 53,244,000 | 17,930,000 | 15,337,000 | 22,056,000 | 18,111,000 | 10,928,000 | 13,631,500 | 10,659,000 | 2,999,000 | 13,000,000 | 10,000,000 | 9,000,000 | 7,000,000 | 5,000,000 | 10,500,000 | 3,500,000 | 4,000,000 | 5,450,000 | 6,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 6,000,000 | 2,000,000 | 2,500,000 | 3,000,000 | 3,000,000 | 2,150,000 | 2,000,000 | 3,500,000 | 2,000,000 | 1,500,000 | 2,500,000 | 3,500,000 | 5,000,000 | 5,000,000 | 5,000,000 | 3,500,000 | 5,000,000 | 7,000,000 | 6,000,000 | 7,000,000 | 5,250,000 | 5,250,000 | 3,750,000 | 6,000,000 | 5,500,000 | 6,200,000 | 5,000,000 | 6,000,000 | 7,500,000 | 8,000,000 | 7,500,000 | 7,000,000 | 7,000,000 | 6,000,000 | 5,000,000 | |||||||||||||||||||||
less provision for beneficial interests | 4,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after provision | 44,269,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan servicing and systems revenue | 127,842,000 | 116,572,000 | 151,052,000 | 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 | 113,086,000 | 113,286,000 | 113,985,000 | 114,898,000 | 112,762,000 | 112,579,000 | 114,545,000 | 100,141,000 | |||||||||||||||||||||||||||||||||||||||||||||
education technology services and payments revenue | 154,436,000 | 112,314,000 | 129,321,000 | 118,184,000 | 147,330,000 | 108,335,000 | 118,179,000 | 116,909,000 | 143,539,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reinsurance premiums earned | 22,536,000 | 33,538,000 | 23,165,000 | 26,112,000 | 24,687,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
solar construction revenue | 3,379,000 | 5,738,000 | 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 | 10,437,000 | 15,186,000 | 35,730,000 | 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 | 27,637,000 | 30,419,000 | 31,958,000 | 29,129,000 | 37,310,000 | 36,676,000 | 40,377,000 | 35,627,000 | 40,349,000 | 39,887,000 | 34,365,000 | 34,941,000 | 32,811,000 | 29,989,000 | 30,908,000 | 32,263,000 | 29,639,000 | 28,904,000 | 28,767,000 | 26,105,000 | 9,658,000 | 6,694,000 | 9,613,000 | 9,188,000 | 8,529,000 | 7,773,000 | 9,544,000 | 7,804,000 | 21,411,000 | 9,155,000 | 9,028,000 | 8,968,000 | |||||||||||||||||||||||||
derivative market value adjustments and derivative settlements | 2,167,000 | 2,330,000 | -27,000 | -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 | -8,489,750 | 1,668,000 | -24,088,000 | -11,539,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 317,418,000 | 284,881,000 | 342,507,000 | 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 | 223,854,000 | 219,114,000 | 182,149,000 | 206,128,000 | 160,833,000 | 216,577,000 | 200,218,000 | 254,907,000 | 108,833,000 | 125,196,000 | 81,859,000 | 115,737,000 | 192,900,000 | 145,075,000 | 58,426,000 | 84,865,000 | 138,921,000 | 87,921,000 | 124,201,000 | 117,069,000 | 109,869,000 | 133,847,000 | 125,342,000 | 125,908,000 | 115,015,000 | 101,175,000 | 163,088,000 | 119,864,000 | 114,898,000 | 83,493,000 | 87,052,000 | 98,839,000 | 120,287,000 | 85,128,000 | 75,302,000 | 105,413,000 | 177,083,000 | 72,980,000 | 96,996,000 | 110,510,000 | 138,112,000 | 101,885,000 | 62,370,000 | 112,619,000 | 124,990,000 | 88,853,000 | 92,503,000 | 16,116,000 | |||||||||||||||||
cost of services and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan servicing contract fulfillment and acquisition costs | 2,087,000 | 2,055,000 | 2,021,000 | 1,845,000 | 1,633,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost to provide education technology services and payments | 49,953,000 | 38,653,000 | 50,363,000 | 39,844,000 | 48,047,000 | 38,657,000 | 45,273,000 | 40,222,000 | 48,610,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost to provide solar construction services | 12,325,000 | 7,607,000 | 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 | 52,040,000 | 53,033,000 | 59,991,000 | 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 | 24,329,000 | 30,907,000 | 20,972,000 | 25,818,000 | 20,513,000 | 23,397,000 | 15,182,000 | 17,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||
salaries and benefits | 139,371,000 | 141,086,000 | 144,778,000 | 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 | 124,561,000 | 116,670,000 | 111,214,000 | 111,059,000 | 114,247,000 | 114,172,000 | 111,118,000 | 96,643,000 | 81,201,000 | 74,193,000 | 74,628,000 | 71,863,000 | 68,017,000 | 63,743,000 | 60,923,000 | 63,242,000 | 64,862,000 | 63,215,000 | 58,787,000 | 61,050,000 | 60,609,000 | 61,098,000 | 53,888,000 | 52,484,000 | 52,120,000 | 48,712,000 | 47,432,000 | 47,905,000 | 48,633,000 | 46,395,000 | 48,703,000 | 49,095,000 | 47,026,000 | 44,132,000 | 42,881,000 | 43,912,000 | 43,320,000 | 41,085,000 | 41,034,000 | 41,641,000 | 39,316,000 | 37,810,000 | 40,180,000 | 38,226,000 | 41,262,000 | 44,739,000 | 43,549,000 | 53,843,000 | |||||
depreciation and amortization | 9,170,000 | 9,365,000 | 7,327,000 | 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 | 28,651,000 | 27,701,000 | 24,484,000 | 24,213,000 | 23,953,000 | 22,992,000 | 21,494,000 | 18,457,000 | 11,854,000 | 10,051,000 | 9,038,000 | 8,598,000 | 9,116,000 | 8,994,000 | 8,183,000 | 7,640,000 | 7,203,000 | 6,977,000 | 6,501,000 | 5,662,000 | 5,644,000 | 5,493,000 | 5,214,000 | 4,783,000 | 5,274,000 | 4,340,000 | 4,320,000 | 4,377,000 | 8,861,000 | 8,402,000 | 8,226,000 | 8,136,000 | 8,282,000 | 7,917,000 | 6,769,000 | 6,776,000 | 7,461,000 | 7,577,000 | 8,282,000 | 8,491,000 | 7,257,000 | 8,769,000 | 9,527,000 | 10,083,000 | 11,451,000 | 10,781,000 | 10,603,000 | 10,834,000 | |||||
reinsurance losses and underwriting expenses | 23,605,000 | 25,715,000 | 19,962,000 | 25,662,000 | 22,212,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | 61,840,000 | 58,368,000 | 53,669,000 | 51,306,000 | 48,226,000 | 11,225,000 | 61,642,000 | 59,792,000 | 56,845,000 | 51,697,000 | 51,370,000 | 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 | 56,141,000 | 54,947,000 | 42,261,000 | 40,923,000 | 46,952,000 | 45,194,000 | 40,409,000 | 33,417,000 | 37,026,000 | 30,518,000 | 27,528,000 | 26,547,000 | 31,245,000 | 26,391,000 | 29,409,000 | 28,376,000 | |||||||||||||||||||||||||||||||||||||||
total operating expenses | 233,986,000 | 264,146,000 | 225,736,000 | 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 | 199,922,000 | 202,700,000 | 181,115,000 | 179,088,000 | 187,783,000 | 185,445,000 | 176,225,000 | 151,653,000 | 136,392,000 | 125,333,000 | 119,017,000 | 114,987,000 | 115,801,000 | 106,792,000 | 107,412,000 | 111,512,000 | 117,223,000 | 120,938,000 | 115,828,000 | 115,228,000 | 114,906,000 | 117,445,000 | 112,790,000 | 107,369,000 | 111,607,000 | 107,607,000 | 102,904,000 | 106,865,000 | 109,244,000 | 104,937,000 | 108,211,000 | 111,172,000 | 102,691,000 | 104,778,000 | 100,557,000 | 99,632,000 | 131,274,000 | 160,287,000 | 108,221,000 | 103,704,000 | 123,044,000 | 92,662,000 | 97,356,000 | 92,571,000 | 110,186,000 | 103,669,000 | 97,922,000 | 128,837,000 | |||||
income before income taxes | 75,661,000 | 46,379,000 | 136,448,000 | 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 | 50,855,000 | 41,964,000 | 30,887,000 | 53,038,000 | 17,076,000 | 57,008,000 | 63,050,000 | 149,161,000 | 40,230,000 | 69,097,000 | 40,683,000 | 76,675,000 | 153,060,000 | 132,078,000 | 41,214,000 | 72,462,000 | 130,913,000 | 75,976,000 | 111,319,000 | 102,436,000 | 103,955,000 | 131,889,000 | 118,765,000 | 114,910,000 | 108,644,000 | 93,490,000 | 156,603,000 | 106,797,000 | 92,752,000 | 58,822,000 | 56,408,000 | 66,523,000 | 103,887,000 | 71,861,000 | 58,231,000 | 87,808,000 | 136,144,000 | -594,000 | 79,989,000 | 86,915,000 | 14,121,000 | 41,056,000 | -380,750 | 37,754,000 | -101,196,000 | ||||||||
income tax expense | -20,061,000 | 59,510,000 | 25,010,000 | 15,016,000 | -282,000 | 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 | 9,022,000 | 8,829,000 | 6,209,000 | 11,391,000 | -4,599,000 | 13,882,000 | 13,511,000 | 35,976,000 | -5,486,000 | 25,562,000 | 16,032,000 | 28,755,000 | 54,129,000 | 47,715,000 | 15,036,000 | 24,433,000 | 47,395,000 | 26,999,000 | 40,356,000 | 37,630,000 | 30,036,000 | 46,513,000 | 43,078,000 | 40,611,000 | 37,556,000 | 30,444,000 | 54,746,000 | 38,447,000 | 156,055,000 | -21,870,000 | -14,878,000 | -23,230,000 | -21,106,000 | -32,928,000 | -29,996,000 | -32,593,000 | -30,553,000 | -24,501,000 | 16,103,000 | 13,969,000 | 19,195,000 | -31,371,000 | |||||||||||||||
net income | 55,600,000 | 38,687,000 | 100,675,000 | 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 | 41,833,000 | 33,135,000 | 24,678,000 | 41,647,000 | 21,675,000 | 43,126,000 | 49,539,000 | 113,185,000 | 45,716,000 | 43,535,000 | 24,651,000 | 47,920,000 | 98,931,000 | 84,363,000 | 26,178,000 | 48,029,000 | 83,518,000 | 48,977,000 | 70,963,000 | 64,806,000 | 73,919,000 | 85,376,000 | 75,687,000 | 74,299,000 | 71,088,000 | 63,046,000 | 101,857,000 | 68,350,000 | 56,653,000 | 36,952,000 | 41,530,000 | 43,293,000 | 64,879,000 | 47,451,000 | 37,125,000 | 54,880,000 | 85,087,000 | -368,000 | 49,993,000 | 54,322,000 | 59,063,000 | 46,404,000 | 8,203,000 | 25,455,000 | 30,997,000 | 23,785,000 | 43,705,000 | -69,825,000 | |||||
yoy | -31.47% | -39.01% | -5286.76% | 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% | 453.64% | 114.81% | 250.96% | -195.48% | 52.87% | -42.78% | -15.93% | -5.67% | 13.79% | 359.15% | -53.79% | -48.40% | -5.83% | -0.23% | 18.45% | 72.25% | -63.11% | -25.89% | 12.99% | -42.63% | -6.24% | -12.78% | 3.98% | 35.42% | -25.69% | 8.70% | 25.48% | 70.62% | 145.26% | 57.88% | -12.68% | -22.13% | 11.87% | -21.11% | -23.75% | -12994.29% | -25.74% | 1.03% | 44.06% | -100.79% | 509.45% | 113.40% | 90.54% | 95.10% | -81.23% | -136.46% | |||||||||||
qoq | 43.72% | -61.57% | -43.39% | 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% | -195.06% | 26.25% | 34.27% | -40.74% | -49.74% | -12.95% | -56.23% | 5.01% | 76.61% | -48.56% | -51.56% | 17.27% | 222.27% | -45.50% | -42.49% | 70.52% | -30.98% | 9.50% | -12.33% | -13.42% | 12.80% | 1.87% | 4.52% | 12.76% | -38.10% | 49.02% | 20.65% | 53.32% | -11.02% | -4.07% | -33.27% | 36.73% | 27.81% | -32.35% | -35.50% | -23221.47% | -100.74% | -7.97% | -8.03% | 27.28% | 465.70% | -67.77% | -17.88% | 30.32% | -45.58% | -162.59% | ||||||||
net loss attributable to noncontrolling interests | 15,526,000 | 19,084,000 | 6,009,000 | 3,605,000 | 1,430,000 | -268,000 | 4,329,000 | 1,416,000 | 2,202,000 | 21,359,000 | 3,096,000 | 3,470,000 | 2,791,000 | 4,329,000 | 2,225,000 | 1,761,000 | 3,536,000 | 1,919,000 | 854,000 | 694,000 | 3,385,000 | 327,000 | 547,000 | 77,000 | -59,000 | -56,000 | -49,000 | -199,000 | -104,000 | 740,000 | 2,385,000 | 2,768,000 | 4,086,000 | 2,106,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to nelnet, inc. | 71,126,000 | 57,771,000 | 106,684,000 | 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 | 42,380,000 | 33,212,000 | 24,619,000 | 41,591,000 | 21,626,000 | 42,927,000 | 49,435,000 | 113,925,000 | 48,101,000 | 46,303,000 | 28,737,000 | 50,026,000 | 98,346,000 | 84,294,000 | 26,150,000 | 47,961,000 | 83,350,000 | 48,955,000 | 70,909,000 | 64,765,000 | 73,611,000 | 85,219,000 | 74,994,000 | 73,786,000 | 70,520,000 | 62,830,000 | 101,243,000 | 68,079,000 | 56,634,000 | 36,828,000 | 41,394,000 | 43,141,000 | |||||||||||||||||||||
earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to nelnet, inc. shareholders - basic and diluted | 1,970 | 1,610 | 2,940 | 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 | 1,060 | 830 | 610 | 1,030 | 530 | 1,050 | 1,210 | 2,780 | 1,170 | 1,110 | 680 | 1,180 | 2,320 | 1,980 | 610 | 1,110 | 1,860 | 1,090 | 1,540 | 1,400 | 1,590 | 1,840 | 1,610 | 1,590 | 1,520 | 1,350 | 2,170 | 1,460 | |||||||||||||||||||||||||
weighted-average common shares outstanding - basic and diluted | 36,076,912,000 | 36,341,197,000 | 36,316,315,000 | 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 | 40,047,402,000 | 39,877,129,000 | 40,050,065,000 | 40,373,295,000 | 40,909,022,000 | 40,988,965,000 | 40,886,617,000 | 40,950,528,000 | 41,791,941,000 | 41,553,316,000 | 42,326,540,000 | 42,291,857,000 | 42,669,070,000 | 42,642,213,000 | 42,635,700,000 | 43,088,092,000 | 45,529,340,000 | 45,047,777,000 | 45,946,415,000 | 46,290,590,000 | 46,469,615,000 | 46,432,680,000 | 46,529,377,000 | 46,527,917,000 | 46,570,314,000 | 46,496,612,000 | 46,626,853,000 | 46,658,031,000 | |||||||||||||||||||||||||
less (negative provision) provision for loan losses | 7,426,000 | -3,563,000 | -17,048,000 | 18,369,000 | -5,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after provision for loan losses | 54,423,500 | 88,813,000 | 61,505,000 | 67,377,000 | 58,023,000 | 54,044,000 | 62,796,000 | 63,294,000 | 58,994,000 | 66,733,000 | 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 | 51,252,000 | 56,457,000 | 50,825,000 | 51,816,000 | 64,539,000 | 49,273,000 | 54,239,000 | 63,307,000 | 67,789,000 | 69,234,000 | 77,841,000 | 75,925,000 | 75,961,000 | 93,795,000 | 90,200,000 | 99,109,000 | 109,215,000 | 108,993,000 | 102,946,000 | 100,595,000 | 108,992,000 | 115,487,000 | 106,213,000 | 96,371,000 | 105,236,000 | 99,922,000 | 96,419,000 | 93,798,000 | 87,098,000 | 80,266,000 | 77,567,000 | 78,856,000 | 86,291,000 | 91,511,000 | 83,486,000 | 82,027,000 | 90,335,000 | 86,713,000 | 91,214,000 | 80,109,000 | 74,548,000 | 61,682,000 | 49,107,000 | 21,008,000 | 31,459,000 | 52,570,000 | 67,338,000 | 11,525,000 | ||||||||
loss on sale of loans | -390,500 | -2,472,000 | 42,000 | -107,000 | -1,438,000 | -206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on partial redemption of allo investment | 175,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense and provision for beneficial interests | 5,256,000 | 9,145,000 | 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 | 214,301,250 | 294,872,000 | 285,318,000 | 277,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -30,073,500 | -35,773,000 | -34,861,000 | 10,133,000 | -19,611,000 | -24,410,000 | -15,590,750 | 226,000 | -5,918,000 | -15,601,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | -196,000 | -3,988,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of services: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 63,578,000 | 74,251,000 | 60,342,000 | 79,159,000 | 54,590,000 | 58,409,000 | 48,742,000 | 60,221,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment and other expense | -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 | 19,002,000 | 25,671,000 | 15,871,000 | 21,059,000 | 15,479,000 | 19,087,000 | 11,317,000 | 13,683,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less benefit from loan losses | 9,592,000 | 76,299,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 41,287,000 | -21,226,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense | -8,604,750 | -332,000 | -34,087,000 | 18,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other incomes | 45,997,000 | 43,384,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | 9,172,000 | -128,000 | -767,000 | 585,000 | 69,000 | 28,000 | 68,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 provision for 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 | 17,499,000 | 16,470,000 | 15,758,000 | 14,543,000 | 13,326,000 | 11,818,000 | 10,320,000 | 9,189,000 | 8,123,000 | 6,751,000 | 5,719,000 | 5,106,000 | 4,492,000 | 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 | 5,327,000 | 5,236,000 | 5,101,000 | 4,759,000 | 5,034,000 | 4,310,000 | 3,865,000 | 3,717,000 | 3,161,000 | 2,632,000 | 2,203,000 | 1,954,000 | 1,697,000 | 1,784,000 | 1,681,000 | 1,703,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest on bonds and notes payable | 69,447,000 | 58,423,000 | 85,248,000 | 134,118,000 | 148,106,000 | 172,488,000 | 186,963,000 | 191,770,000 | 182,732,000 | 180,175,000 | 171,450,000 | 135,550,000 | 123,401,000 | 121,650,000 | 113,236,000 | 106,899,000 | 107,336,000 | 96,386,000 | 94,052,000 | 90,408,000 | 80,866,000 | 77,164,000 | 72,626,000 | 71,554,000 | 72,061,000 | 71,937,000 | 69,235,000 | 60,004,000 | 59,135,000 | 55,315,000 | 58,127,000 | 58,358,000 | 65,391,000 | 66,402,000 | 67,476,000 | 69,297,000 | 64,062,000 | 60,866,000 | 51,054,000 | 52,307,000 | 54,515,000 | 68,243,000 | 59,243,000 | 50,859,000 | 56,262,000 | 76,016,000 | 106,082,000 | 146,502,000 | 234,868,000 | 234,016,000 | 232,464,000 | 325,141,000 | ||||||||||||||||||||||||||
other income | 17,477,500 | 1,502,000 | 60,127,000 | 8,281,000 | 26,521,000 | 13,439,000 | 16,152,000 | 9,067,000 | 9,997,000 | 16,673,000 | 9,580,000 | 18,198,000 | 7,952,000 | 19,756,000 | 12,485,000 | 12,632,000 | 15,218,000 | 15,150,000 | 9,765,000 | 13,796,000 | 6,685,000 | 6,523,000 | 7,504,000 | 6,918,000 | 12,906,000 | 7,650,000 | 15,315,000 | 18,131,000 | 15,981,000 | 8,613,000 | 12,288,000 | 9,416,000 | 7,023,000 | 12,699,000 | 8,800,000 | 10,954,000 | 12,264,000 | 3,931,000 | 6,826,000 | 6,492,000 | 6,122,000 | 9,432,000 | 8,496,000 | 7,260,000 | 28,669,000 | 11,094,000 | 11,527,000 | 16,862,000 | 462,000 | 1,242,000 | 1,646,000 | 1,429,000 | ||||||||||||||||||||||||||
loan servicing fees to third parties | 2,357,750 | 3,382,000 | 3,156,000 | 2,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from debt repurchases | 359,000 | 1,384,250 | 116,000 | 442,000 | 4,980,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value and foreign currency transaction adjustments and derivative settlements | -29,842,000 | 17,098,000 | 17,031,000 | 66,799,000 | 7,014,000 | 7,173,000 | -27,910,000 | -4,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan servicing fees | 2,357,000 | 3,087,000 | 3,204,000 | 3,136,000 | 3,150,000 | 7,939,000 | 5,620,000 | 6,025,000 | 5,726,000 | 5,880,000 | 7,216,000 | 6,928,000 | 7,384,000 | 7,793,000 | 7,420,000 | 7,685,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan systems and servicing revenue | 55,921,000 | 55,950,000 | 56,899,000 | 54,229,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tuition payment processing, school information, and campus commerce revenue | 32,458,000 | 35,450,000 | 34,224,000 | 43,620,000 | 30,519,000 | 33,071,000 | 30,483,000 | 38,657,000 | 27,560,000 | 30,439,000 | 27,686,000 | 34,680,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
enrollment services revenue | 4,326,000 | 16,181,000 | 19,500,000 | 17,161,000 | 17,863,000 | 17,791,000 | 22,936,000 | 20,145,000 | 22,011,000 | 21,735,000 | 22,563,000 | 24,823,000 | 28,957,000 | 25,890,000 | 30,661,000 | 29,710,000 | 31,664,000 | 28,782,000 | 35,505,000 | 32,315,000 | 33,868,000 | 34,784,000 | 36,439,000 | 35,403,000 | 33,271,000 | 31,209,000 | 30,670,000 | 28,747,000 | 28,771,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cost to provide enrollment services | 3,623,000 | 10,137,000 | 12,534,000 | 11,162,000 | 11,702,000 | 11,343,000 | 14,178,000 | 13,311,000 | 14,475,000 | 13,864,000 | 14,668,000 | 16,787,000 | 19,642,000 | 16,172,000 | 20,151,000 | 20,374,000 | 21,678,000 | 17,744,000 | 23,825,000 | 22,140,000 | 22,839,000 | 21,802,000 | 23,709,000 | 24,111,000 | 22,025,000 | 18,718,000 | 20,323,000 | 18,092,000 | 17,793,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
loan and guaranty servicing revenue | 40,270,500 | 54,350,000 | 54,402,000 | 52,330,000 | 56,694,000 | 61,520,000 | 63,833,000 | 57,811,000 | 56,538,000 | 52,659,000 | 66,460,000 | 64,757,000 | 63,167,000 | 64,582,000 | 60,078,000 | 55,601,000 | 54,584,000 | 53,285,000 | 52,391,000 | 49,488,000 | 64,705,000 | 37,927,000 | 37,389,000 | 35,636,000 | 33,126,000 | 33,464,000 | 36,652,000 | 36,394,000 | 27,467,000 | 26,006,000 | 28,803,000 | 26,471,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of loans and debt repurchases | 5,721,000 | 2,160,000 | 101,000 | 166,000 | 597,000 | 1,515,000 | 2,875,000 | 3,594,000 | 18,000 | 39,000 | 799,000 | 2,138,000 | 7,355,000 | 1,407,000 | 3,009,000 | 195,000 | 935,000 | 33,000 | 8,307,000 | 49,810,000 | 9,885,000 | 8,759,000 | 10,177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value and foreign currency adjustments and derivative settlements | 83,186,000 | 36,001,000 | -40,702,000 | -28,691,000 | 31,635,000 | -30,658,000 | 6,502,000 | -3,078,000 | -5,648,000 | 24,203,000 | 1,570,000 | -4,265,000 | -5,655,000 | -16,648,000 | 40,188,000 | 1,072,000 | 6,657,000 | -31,275,000 | -21,618,000 | -15,180,000 | -20,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | 29,250 | 22,000 | 54,000 | 41,000 | 308,000 | 157,000 | 693,000 | 513,000 | 568,000 | 216,000 | 614,000 | 271,000 | 19,000 | 124,000 | 136,000 | 152,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tuition payment processing and campus commerce revenue | 18,367,000 | 26,399,000 | 21,834,000 | 25,235,000 | 18,988,000 | 19,927,000 | 18,356,000 | 23,411,000 | 17,735,000 | 17,928,000 | 16,834,000 | 21,913,000 | 16,893,000 | 16,774,000 | 14,761,000 | 19,369,000 | 15,120,000 | 14,527,000 | 12,795,000 | 17,382,000 | 13,521,000 | 12,987,000 | 11,848,000 | 15,538,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to nelnet, inc. shareholders - basic | 1,200 | 780 | 870 | 910 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to nelnet, inc. shareholders - diluted | 1,190 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid per common share | 100 | 70 | 490 | 70 | 70 | 70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
software services revenue | 3,436,250 | 4,622,000 | 4,346,000 | 4,777,000 | 4,481,000 | 4,624,000 | 5,499,000 | 4,344,000 | 4,740,000 | 4,600,000 | 6,119,000 | 5,705,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value and foreign currency adjustments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and derivative settlements | -9,250,500 | -13,631,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
litigation settlement | 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructure expense | 4,751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings - basic | 1,360 | 980 | 760 | 1,130 | 522.5 | -10 | 1,000 | 1,090 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings - diluted | 1,360 | 980 | 760 | 1,130 | 520 | -10 | 990 | 1,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value and foreign currency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments and derivative settlements | -3,036,000 | -11,079,250 | -35,391,000 | -10,608,000 | 1,682,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
professional and other services | 12,174,000 | 11,428,000 | 15,151,000 | 11,241,000 | 6,883,000 | 6,584,000 | 7,721,000 | 6,077,000 | 8,005,000 | 10,963,000 | 8,478,000 | 8,107,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
occupancy and communications | 2,998,000 | 3,632,000 | 3,652,000 | 3,588,000 | 3,242,000 | 5,122,000 | 5,588,000 | 5,354,000 | 4,266,000 | 4,194,000 | 4,914,000 | 5,841,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postage and distribution | 3,420,000 | 2,911,000 | 2,708,000 | 2,869,000 | 2,277,000 | 1,958,000 | 2,274,000 | 2,868,000 | 2,798,000 | 3,026,000 | 2,743,000 | 3,817,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising and marketing | 2,744,000 | 2,403,000 | 2,524,000 | 3,459,000 | 2,414,000 | 1,936,000 | 1,986,000 | 1,710,000 | 17,862,000 | 18,388,000 | 16,143,000 | 16,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trustee and other debt related fees | 1,098,000 | 1,097,000 | 1,146,000 | 1,202,000 | 1,680,000 | 2,387,000 | 2,444,000 | 2,656,000 | 3,131,000 | 2,423,000 | 2,464,000 | 2,390,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other operating expenses | 87,954,000 | 119,202,000 | 67,187,000 | 62,063,000 | 83,728,000 | 54,852,000 | 57,176,000 | 54,345,000 | 68,924,000 | 58,930,000 | 54,373,000 | 74,994,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain (loss) on sale of loans | 26,762,000 | 8,788,000 | 48,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value, foreign currency, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and put option adjustments and derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlements | 685,000 | 7,740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) before income taxes | 31,520,500 | 70,905,000 | 61,919,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from continuing operations | 20,015,500 | 46,404,000 | 42,724,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 837,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings (loss) per share, basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 0.005 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value, foreign currency, and put option adjustments and derivative settlements | -24,478,000 | 19,478,000 | 56,016,000 | 6,874,000 | 20,192,000 | -16,598,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 8,203,000 | 30,160,000 | 23,785,000 | -69,825,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share, basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share, basic and diluted | 0.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan and guaranty servicing income | 22,526,000 | 30,633,000 | 24,904,000 | 26,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other fee-based income | 46,082,000 | 45,887,000 | 40,817,000 | 45,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
software services income | 3,892,000 | 4,217,000 | 4,896,000 | 6,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from discontinued operations, net of tax | 981,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from discontinued operations | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of loans and reduction in fair value related to loans held for sale | -47,493,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 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 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans and accrued interest receivable | 10,009,471,000 | 10,006,695,000 | 10,227,261,000 | 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 | 118,660,000 | 128,142,000 | 126,956,000 | 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 | 20,739,000 | 17,200,000 | 11,313,000 | 8,538,000 | 9,616,000 | 7,841,000 | 7,678,000 | 9,225,000 | 7,519,000 | 11,379,000 | 27,613,000 | 32,222,000 | 38,071,000 | 37,781,000 | 32,610,000 | 29,863,000 | 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 | 121,347,000 | 167,841,000 | 89,469,000 | 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 | 47,128,000 | 52,086,000 | 243,078,000 | 60,701,000 | 98,544,000 | 61,813,000 | 59,476,000 | 50,028,000 | 43,515,000 | 52,150,000 | 86,885,000 | 150,058,000 | 61,975,000 | 92,700,000 | 41,969,000 | 62,236,000 | 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 | 240,007,000 | 295,983,000 | 216,425,000 | 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 | 67,867,000 | 69,286,000 | 254,391,000 | 69,239,000 | 108,160,000 | 69,654,000 | 67,154,000 | 59,253,000 | 51,034,000 | 63,529,000 | 114,498,000 | 182,280,000 | 100,046,000 | 130,481,000 | 74,579,000 | 92,099,000 | 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 | 283,801,000 | 316,361,000 | 274,761,000 | 330,079,000 | 338,181,000 | 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 | 103,650,000 |
investments and notes receivable: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments at fair value | 1,523,237,000 | 1,414,636,000 | 1,391,888,000 | 1,286,729,000 | 1,238,903,000 | 1,160,320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments and notes receivable | 954,124,000 | 933,335,000 | 847,637,000 | 818,210,000 | 1,063,647,000 | 1,040,376,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments and notes receivable | 2,477,361,000 | 2,347,971,000 | 2,239,525,000 | 2,104,939,000 | 2,302,550,000 | 2,200,696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 308,177,000 | 357,639,000 | 394,074,000 | 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 | 741,726,000 | 727,471,000 | 725,463,000 | 780,141,000 | 787,635,000 | 980,961,000 | 912,252,000 | 1,700,229,000 | 842,020,000 | 1,388,719,000 | 1,228,570,000 | |||||||||||||||||||||||||||||||||
restricted cash - due to customers | 282,341,000 | 319,924,000 | 156,297,000 | 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 | 154,760,000 | 128,515,000 | 105,299,000 | 136,900,000 | 93,699,000 | 119,702,000 | 91,505,000 | 132,018,000 | 85,805,000 | 144,771,000 | 100,089,000 | 117,820,000 | 71,890,000 | 118,488,000 | 72,836,000 | 98,005,000 | 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 | 196,910,000 | 193,453,000 | 147,822,000 | 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 | 59,171,000 | 61,394,000 | 70,628,000 | 60,246,000 | 45,944,000 | 43,972,000 | 53,408,000 | 41,964,000 | 45,465,000 | 51,345,000 | 64,640,000 | 60,893,000 | 55,968,000 | 50,552,000 | 59,510,000 | 58,321,000 | 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 | 52,614,000 | 42,043,000 | 52,106,000 | 42,575,000 | 42,088,000 | 49,204,000 | 45,986,000 | 47,752,000 | 49,084,000 | 64,859,000 | 36,331,000 | ||||||
goodwill | 203,930,000 | 158,029,000 | 158,029,000 | 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 | 153,802,000 | 158,456,000 | 147,312,000 | 147,312,000 | 147,312,000 | 147,312,000 | 147,312,000 | 147,312,000 | 147,312,000 | 146,000,000 | 126,200,000 | 126,200,000 | 126,200,000 | 126,200,000 | 126,200,000 | 126,200,000 | 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 | 117,118,000 | 143,717,000 | 143,717,000 | 143,717,000 | 143,717,000 | 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 | 99,535,000 |
intangible assets | 97,576,000 | 29,283,000 | 31,754,000 | 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 | 102,489,000 | 107,192,000 | 40,742,000 | 43,077,000 | 45,434,000 | 47,813,000 | 50,964,000 | 54,141,000 | 48,827,000 | 51,062,000 | 35,386,000 | 37,784,000 | 40,183,000 | 42,582,000 | 42,876,000 | 44,849,000 | 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 | 38,712,000 | 43,352,000 | 48,708,000 | 54,940,000 | 53,538,000 | 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 | 153,117,000 |
property and equipment | 84,606,000 | 75,532,000 | 93,174,000 | 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 | 328,016,000 | 299,837,000 | 208,441,000 | 181,098,000 | 143,062,000 | 123,786,000 | 107,505,000 | 96,079,000 | 88,708,000 | 80,482,000 | 46,706,000 | 48,047,000 | 51,003,000 | 45,894,000 | 44,647,000 | 35,498,000 | 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 | 30,573,000 | 28,011,000 | 27,397,000 | 27,649,000 | 26,606,000 | 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 | 277,538,000 | 279,274,000 | 212,321,000 | 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 | 41,388,000 | 34,509,000 | 13,230,000 | 15,123,000 | 60,364,000 | 10,245,000 | 9,647,000 | 11,084,000 | 11,470,000 | 75,344,000 | 76,133,000 | 79,996,000 | 77,097,000 | 163,208,000 | 141,156,000 | 141,989,000 | 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 | 101,054,000 | 113,597,000 | 102,372,000 | 157,005,000 | 104,940,000 | 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 | 88,889,000 |
total assets | 14,177,917,000 | 14,063,783,000 | 13,876,682,000 | 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 | 25,209,244,000 | 23,898,402,000 | 24,768,710,000 | 25,323,087,000 | 26,141,220,000 | 27,180,108,000 | 27,669,611,000 | 28,715,798,000 | 29,589,347,000 | 30,485,905,000 | 31,045,395,000 | 30,246,823,000 | 29,955,794,000 | 30,098,143,000 | 30,698,649,000 | 31,371,022,000 | 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 | 25,893,892,000 | 28,586,579,000 | 28,568,023,000 | 26,841,945,000 | 25,876,427,000 | 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 | 22,798,622,000 |
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bonds and notes payable | 7,699,400,000 | 7,780,927,000 | 7,822,531,000 | 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 | 22,468,364,000 | 21,227,349,000 | 22,240,279,000 | 22,790,780,000 | 23,594,516,000 | 24,668,490,000 | 25,320,878,000 | 26,399,686,000 | 27,349,891,000 | 28,172,682,000 | 28,827,603,000 | 28,070,423,000 | 27,815,324,000 | 28,027,350,000 | 28,737,456,000 | 29,492,560,000 | 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 | 24,672,472,000 | 27,391,188,000 | 27,428,772,000 | 25,756,182,000 | 24,805,289,000 | 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 | 21,673,620,000 |
accrued interest payable | 16,916,000 | 20,426,000 | 19,039,000 | 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 | 63,226,000 | 54,252,000 | 47,824,000 | 47,064,000 | 46,427,000 | 45,677,000 | 42,840,000 | 39,926,000 | 38,950,000 | 31,507,000 | 31,632,000 | 28,859,000 | 27,275,000 | 25,904,000 | 25,221,000 | 24,339,000 | 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 | 19,153,000 | 19,727,000 | 22,362,000 | 16,814,000 | 19,831,000 | 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 | 94,281,000 |
bank deposits | 1,744,527,000 | 1,669,173,000 | 1,476,765,000 | 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 | 566,618,000 | 558,184,000 | 528,917,000 | 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 | 231,138,000 | 237,459,000 | 214,763,000 | 171,528,000 | 199,816,000 | 197,488,000 | 168,239,000 | 136,181,000 | 165,367,000 | 169,906,000 | 170,611,000 | 157,096,000 | 174,248,000 | 167,881,000 | 190,765,000 | 160,444,000 | 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 | 191,017,000 | 175,156,000 | 179,722,000 | 184,463,000 | 172,514,000 | 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 | 137,572,000 |
due to customers | 544,444,000 | 457,844,000 | 442,735,000 | 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 | 154,760,000 | 128,515,000 | 105,299,000 | 136,900,000 | 93,699,000 | 119,702,000 | 91,505,000 | 132,018,000 | 85,805,000 | 144,771,000 | 100,089,000 | 117,820,000 | 71,890,000 | 118,488,000 | 72,836,000 | 98,005,000 | 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 | 88,528,000 | 54,532,000 | 37,076,000 | 39,199,000 | 91,741,000 | 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 | 153,098,000 |
total liabilities | 10,571,905,000 | 10,486,554,000 | 10,289,987,000 | 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 | 22,922,541,000 | 21,653,176,000 | 22,638,270,000 | 23,192,678,000 | 24,013,553,000 | 25,109,183,000 | 25,688,515,000 | 26,809,582,000 | 27,702,421,000 | 28,593,747,000 | 29,209,996,000 | 28,441,331,000 | 28,174,301,000 | 28,372,465,000 | 29,041,092,000 | 29,790,894,000 | 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 | 24,987,259,000 | 27,741,965,000 | 27,694,078,000 | 26,002,732,000 | 25,091,864,000 | 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 | 22,148,504,000 |
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 25,334,870 shares and 25,259,718 shares, respectively | 253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,616,675 shares | 106,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,535,000 | 1,481,000 | 1,058,000 | 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 | 2,586,000 | 448,000 | 360,000 | 366,000 | 2,236,000 | 420,000 | 224,000 | 4,601,000 | 2,913,000 | 1,441,000 | 13,177,000 | 17,290,000 | 18,150,000 | 20,721,000 | 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 | 76,263,000 | 75,636,000 | 101,232,000 | 112,980,000 | 109,359,000 | 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 | 220,432,000 | ||
retained earnings | 3,732,931,000 | 3,681,333,000 | 3,648,375,000 | 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 | 2,271,171,000 | 2,231,875,000 | 2,106,895,000 | 2,110,158,000 | 2,100,214,000 | 2,056,084,000 | 1,971,862,000 | 1,894,551,000 | 1,873,500,000 | 1,881,708,000 | 1,830,387,000 | 1,801,457,000 | 1,762,711,000 | 1,702,560,000 | 1,633,577,000 | 1,552,988,000 | 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 | 831,057,000 | 769,665,000 | 773,468,000 | 726,982,000 | 676,154,000 | 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 | 428,186,000 |
accumulated other comprehensive earnings | -3,534,000 | 2,619,000 | 3,497,000 | -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 | 2,704,000 | 3,022,000 | 4,187,000 | 4,251,000 | 5,315,000 | 4,730,000 | -424,000 | -2,277,000 | 1,416,000 | 2,284,000 | 2,876,000 | 3,283,000 | 4,872,000 | 5,135,000 | 5,099,000 | 5,569,000 | 2,679,000 | 4,819,000 | 5,722,000 | 2,597,000 | 5,050,000 | 2,813,000 | |||||||||||||||||||||||||||||
total nelnet, inc. shareholders' equity | 3,731,291,000 | 3,685,792,000 | 3,653,290,000 | 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 | 2,276,869,000 | 2,235,753,000 | 2,111,851,000 | 2,115,194,000 | 2,108,187,000 | 2,061,655,000 | 1,972,085,000 | 1,897,300,000 | 1,878,254,000 | 1,884,432,000 | 1,835,153,000 | 1,805,192,000 | 1,781,222,000 | 1,725,448,000 | 1,657,289,000 | 1,579,742,000 | 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 | -125,279,000 | -108,563,000 | -66,595,000 | -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 | 9,834,000 | 9,473,000 | 18,589,000 | 15,215,000 | 19,480,000 | 9,270,000 | 9,011,000 | 8,916,000 | 8,672,000 | 7,726,000 | ||||||||||||||||||||||||||||||||||
total equity | 3,606,012,000 | 3,577,229,000 | 3,586,695,000 | 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 | 2,286,703,000 | 2,245,226,000 | 2,130,440,000 | 2,130,409,000 | 2,127,667,000 | 2,070,925,000 | 1,981,096,000 | 1,906,216,000 | 1,886,926,000 | 1,892,158,000 | 1,835,399,000 | 1,805,492,000 | 1,781,493,000 | 1,725,678,000 | 1,657,557,000 | 1,580,128,000 | 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 | 14,177,917,000 | 14,063,783,000 | 13,876,682,000 | 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 | 25,209,244,000 | 23,898,402,000 | 24,768,710,000 | 25,323,087,000 | 26,141,220,000 | 27,180,108,000 | 27,669,611,000 | 28,715,798,000 | 29,589,347,000 | 30,485,905,000 | 31,045,395,000 | 30,246,823,000 | 29,955,794,000 | 30,098,143,000 | 30,698,649,000 | 31,371,022,000 | 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 | -127,257,000 | -133,502,000 | -172,765,000 | -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 | -261,731,000 | -186,611,000 | ||||||||||||||||||||||||||||||||||||||||||
net assets of consolidated education and other lending variable-interest entities | 840,518,000 | 861,233,000 | 820,575,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 25,259,718 shares and 25,634,748 shares, respectively | 253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 10,616,675 shares and 10,658,604 shares, respectively | 106,000 | 106,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 25,375,537 shares and 25,634,748 shares, respectively | 254,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental information - assets and liabilities of consolidated education and other lending variable interest entities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 256,647,000 | 258,426,000 | 273,818,000 | 254,144,000 | 257,528,000 | 285,996,000 | 273,451,000 | 303,681,000 | 236,010,000 | 245,748,000 | 276,904,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
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 | 160,479,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 1,224,845,000 | 1,169,444,000 | 1,024,539,000 | 1,016,810,000 | 988,684,000 | 988,187,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 149,123,000 | 147,780,000 | 141,489,000 | 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 | 22,710,369,000 | 21,562,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable | 733,623,000 | 736,901,000 | 724,011,000 | 715,838,000 | 396,827,000 | 395,734,000 | 392,754,000 | 391,264,000 | 381,804,000 | 380,140,000 | 384,277,000 | 383,825,000 | 380,441,000 | 364,211,000 | 355,372,000 | 351,588,000 | 352,205,000 | 360,075,000 | 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 | 318,152,000 | 418,083,000 | 397,495,000 | 336,242,000 | 329,313,000 | 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 | 394,630,000 | |||||||||||||||||||||||||||||
fair value of derivative instruments | 57,000 | 230,000 | 168,000 | 1,818,000 | 2,043,000 | 1,954,000 | 1,891,000 | 996,000 | 1,619,000 | 39,652,000 | 87,531,000 | 14,476,000 | 3,408,000 | 9,021,000 | 28,690,000 | 15,741,000 | 30,216,000 | 36,595,000 | 64,392,000 | 68,009,000 | 68,033,000 | 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 | 118,346,000 | 128,827,000 | 35,354,000 | 129,059,000 | 193,899,000 | 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 | 82,766,000 | ||||||||||||||||||||||||||
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 | 593,394,000 | 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 | 22,759,323,000 | 21,633,845,000 | 22,528,845,000 | 23,202,294,000 | 24,003,386,000 | 24,903,724,000 | 25,615,434,000 | 26,539,604,000 | 27,519,052,000 | 28,324,552,000 | 28,954,280,000 | 28,095,775,000 | 27,897,949,000 | 28,005,195,000 | 28,701,344,000 | 29,342,430,000 | 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 | 23,948,014,000 | 23,926,957,000 | 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 | 20,260,807,000 | ||||||||||||||||||||||||||||||||||
loan accrued interest receivable | 679,197,000 | 624,259,000 | 591,055,000 | 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 | 115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 29,331,002 shares and 29,341,517 shares, respectively | 293,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 276,536,000 | 290,304,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 29,436,022 shares and 30,628,112 shares, respectively | 294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 115,000 | 115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable and other assets | 397,093,000 | 395,900,000 | 391,555,000 | 390,504,000 | 382,592,000 | 380,230,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 30,628,112 shares and 32,476,528 shares, respectively | 306,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and investments | 872,874,000 | 964,799,000 | 924,925,000 | 832,624,000 | 895,271,000 | 857,853,000 | 866,587,000 | 850,440,000 | 867,507,000 | 862,034,000 | 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 | 668,757,000 | 692,702,000 | 669,889,000 | 727,858,000 | 625,492,000 | 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 | 780,200,000 | 773,622,000 | 687,330,000 | 687,159,000 | 618,491,000 | 617,045,000 | 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 | 115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 33,388,556 shares and 34,756,384 shares, respectively | 334,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 246,000 | 300,000 | 271,000 | 230,000 | 268,000 | 386,000 | 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 33,724,471 shares and 34,756,384 shares, respectively | 337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,486,932 shares | 115,000 | 115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 34,713,065 shares and 34,756,384 shares, respectively | 347,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 34,756,384 shares and 34,881,338 shares, respectively | 348,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding 11,486,932 shares and 11,495,377 shares, respectively | 115,000 | 115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of derivative instrument | -20,455,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 34,796,723 shares and 34,881,338 shares, respectively | 348,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding 34,859,786 shares and 34,881,338 shares, respectively | 349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 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 | -1,170,000 | -1,250,000 | -1,250,000 | -1,449,000 | -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 | 84,987,000 | 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 | 28,586,579,000 | 28,568,023,000 | 26,841,945,000 | 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 | 43,236,000 | 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 and cash equivalents – not held at a related party | 6,952,000 | 12,301,000 | 49,863,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents – held at a related party | 276,849,000 | 325,880,000 | 53,787,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash – due to customers | 88,528,000 | 91,741,000 | 153,098,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, 0.01 par value. authorized 600,000,000 shares; issued and outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
36,846,353 shares in 2010 and 38,396,791 shares in 2009 | 368,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b, convertible, 0.01 par value. authorized 60,000,000 shares; issued and outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11,495,377 shares in 2010 and 2009 | 115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 906,633,000 | 784,563,000 | 681,187,000 | 671,602,000 | 643,226,000 | 609,730,000 | 538,107,000 | 608,879,000 | 671,850,000 | 649,492,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 25,893,892,000 | 25,876,427,000 | 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 | 22,798,622,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
38,396,791 shares in 2009 and 37,794,067 shares in 2008 | 384,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11,495,377 shares in 2009 and 2008 | 115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 420,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 626,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | -86,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
furniture, equipment, and leasehold improvements | 36,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 89,933,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
40,040,841 shares in 2005 and 39,687,037 shares in 2004 | 400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b, convertible, 0.01 par value. authorized 15,000,000 shares; issued and outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13,962,954 shares in 2005 and 13,983,454 shares in 2004 | 140,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2018-06-30 | 2018-03-31 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net income attributable to nelnet, inc. | 71,126,000 | 57,771,000 | 106,685,000 | 181,458,000 | 82,560,000 | 63,159,000 | 2,388,000 | 45,288,000 | 73,210,000 | -8,554,000 | 45,332,000 | 28,267,000 | 26,487,000 | 30,774,000 | 104,797,000 | 85,129,000 | 186,647,000 | 132,683,000 | 53,138,000 | 83,867,000 | 123,598,000 | 234,991,000 | 71,502,000 | 86,482,000 | -40,532,000 | 42,380,000 | 33,213,000 | 24,619,000 | 41,591,000 | 21,626,000 | 42,928,000 | 49,434,000 | 113,925,000 | 78,763,000 | 50,026,000 | 98,346,000 | 74,111,000 | 47,961,000 | 83,350,000 | 135,674,000 | 64,765,000 | 73,611,000 | 148,780,000 | 73,786,000 | 70,520,000 | 68,079,000 | 56,634,000 | 36,828,000 | 41,394,000 | 43,141,000 | ||||||||||||||||
net loss attributable to noncontrolling interests | -15,526,000 | -19,084,000 | -6,009,000 | -3,605,000 | -1,430,000 | 268,000 | -2,202,000 | -21,359,000 | -3,470,000 | -2,791,000 | -1,761,000 | 199,000 | 103,000 | -740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 55,600,000 | 38,687,000 | 100,676,000 | 177,853,000 | 81,130,000 | 63,427,000 | -1,941,000 | 43,421,000 | 71,008,000 | -29,913,000 | 42,236,000 | 19,095,000 | 23,017,000 | 27,983,000 | 100,469,000 | 82,903,000 | 184,886,000 | 129,147,000 | 51,219,000 | 83,013,000 | 122,904,000 | 231,606,000 | 71,175,000 | 86,610,000 | -39,765,000 | 41,833,000 | 33,136,000 | 24,678,000 | 41,647,000 | 21,675,000 | 43,127,000 | 49,537,000 | 113,185,000 | 72,571,000 | 47,920,000 | 98,931,000 | 74,208,000 | 48,029,000 | 83,518,000 | 135,769,000 | 64,806,000 | 73,919,000 | 149,986,000 | 74,299,000 | 71,088,000 | 68,350,000 | 56,653,000 | 36,952,000 | 41,530,000 | 43,293,000 | 64,879,000 | 47,451,000 | 37,125,000 | 54,880,000 | 49,993,000 | 54,322,000 | 59,063,000 | 46,404,000 | 8,203,000 | 25,455,000 | 30,997,000 | 23,785,000 | 43,705,000 | -69,825,000 | ||
adjustments to reconcile net income to net cash from operating activities, net of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including debt discounts and loan premiums and deferred origination costs | 21,163,000 | 22,361,000 | 15,855,000 | 29,283,000 | 23,123,000 | 26,505,000 | 36,399,000 | 35,666,000 | 33,957,000 | 16,735,000 | 35,085,000 | 59,362,000 | 34,211,000 | 62,593,000 | 39,575,000 | 37,745,000 | 36,335,000 | 18,674,000 | 36,897,000 | 38,339,000 | 38,415,000 | 49,298,000 | 49,893,000 | 50,519,000 | 48,763,000 | 50,143,000 | 48,398,000 | 47,173,000 | 46,948,000 | 47,866,000 | 47,591,000 | 45,924,000 | 43,301,000 | |||||||||||||||||||||||||||||||||
loan discount and deferred lender fees accretion | -44,131,000 | -49,172,000 | -15,605,000 | -23,095,000 | -19,407,000 | -17,215,000 | -14,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for loan losses | 53,244,000 | 38,147,000 | -3,563,000 | 17,930,000 | 15,337,000 | 22,056,000 | 10,928,000 | -10,116,000 | -5,821,000 | 13,000,000 | 10,000,000 | 9,000,000 | 7,000,000 | 10,500,000 | 3,500,000 | 4,000,000 | 3,000,000 | 1,000,000 | 3,000,000 | 4,500,000 | 2,500,000 | 4,150,000 | 2,000,000 | 4,000,000 | 2,500,000 | 5,000,000 | 5,000,000 | 7,000,000 | 6,000,000 | 7,000,000 | 5,250,000 | 5,250,000 | 3,750,000 | 6,000,000 | 5,500,000 | 6,200,000 | 5,000,000 | 6,000,000 | 7,500,000 | 8,000,000 | 7,500,000 | 7,000,000 | 7,000,000 | 6,000,000 | 5,000,000 | |||||||||||||||||||||
provision for beneficial interests | 4,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value adjustments | -1,587,000 | -1,880,000 | 788,000 | 3,866,000 | 6,324,000 | -13,792,000 | 13,165,000 | -1,533,000 | -7,964,000 | 9,507,000 | -3,141,000 | -2,004,000 | 37,411,000 | 7,434,000 | -52,990,000 | -40,401,000 | -145,734,000 | -48,358,000 | -7,261,000 | 1,615,000 | -38,809,000 | 7,072,000 | -3,441,000 | 3,911,000 | 20,602,000 | 2,930,000 | 5,630,000 | 37,061,000 | 30,574,000 | |||||||||||||||||||||||||||||||||||||
loss on sale of loans | 105,000 | 158,000 | 2,471,000 | 0 | -909,000 | -42,000 | 106,000 | 1,538,000 | 41,000 | 196,000 | 206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on investments | 14,949,000 | 22,518,000 | -27,426,000 | -11,343,000 | -8,307,000 | -14,547,000 | -390,000 | 50,028,000 | 20,680,000 | 22,916,000 | 24,344,000 | 11,038,000 | 10,398,000 | 406,000 | 2,801,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | -10,895,000 | 4,316,000 | -27,251,000 | -13,750,000 | -22,993,000 | 7,743,000 | 10,447,000 | 39,443,000 | 22,544,000 | 14,905,000 | 2,768,000 | 15,405,000 | 2,327,000 | 5,431,000 | -12,216,000 | -2,807,000 | -12,593,000 | 2,280,000 | 4,411,000 | 16,883,000 | -20,260,000 | -4,260,000 | 3,119,000 | 224,000 | -1,732,000 | 5,653,000 | 2,497,000 | -10,740,000 | 4,874,000 | -7,190,000 | -8,815,000 | 100,000 | -280,000 | 7,509,000 | 1,323,000 | |||||||||||||||||||||||||||||||
non-cash compensation expense | 3,628,000 | 3,210,000 | 3,551,000 | 3,398,000 | 3,115,000 | 3,091,000 | 2,950,000 | 2,838,000 | 3,166,000 | 4,495,000 | 4,171,000 | 3,972,000 | 3,838,000 | 4,304,000 | 3,701,000 | 3,251,000 | 2,920,000 | 2,849,000 | 2,844,000 | 2,928,000 | 2,052,000 | 11,201,000 | 1,957,000 | 1,724,000 | 1,857,000 | 1,833,000 | 1,810,000 | 1,662,000 | 1,476,000 | 1,758,000 | 2,046,000 | 1,574,000 | 1,161,000 | 2,260,000 | 1,121,000 | 1,227,000 | 1,335,000 | 2,082,000 | 854,000 | 754,000 | 712,000 | 700,000 | 455,000 | 482,000 | 535,000 | 557,000 | 561,000 | 600,000 | 596,000 | 523,000 | 1,650,000 | 1,298,000 | 1,273,000 | 3,099,000 | ||||||||||||
other | -1,424,000 | 6,522,000 | 464,000 | 15,000 | 996,000 | -116,000 | -329,000 | -36,000 | -110,000 | -2,506,000 | 73,000 | -194,000 | -20,000 | 3,075,000 | -3,597,000 | 7,043,000 | -4,302,000 | 2,209,000 | 581,000 | -2,368,000 | 6,069,000 | 3,212,000 | 1,406,000 | 6,376,000 | 3,115,000 | 2,885,000 | 2,285,000 | -2,445,000 | -355,000 | |||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in loan and investment accrued interest receivable | -13,967,000 | 25,780,000 | -324,000 | 1,730,000 | 13,488,000 | 52,143,000 | 79,841,000 | 41,604,000 | 16,630,000 | 10,694,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts receivable | 15,334,000 | -45,590,000 | -20,304,000 | 2,436,000 | 30,087,000 | -6,447,000 | 6,224,000 | -25,165,000 | 61,494,000 | 5,596,000 | 15,467,000 | 43,675,000 | -73,872,000 | 18,442,000 | 7,309,000 | -5,615,000 | -3,831,000 | -4,595,000 | 3,867,000 | 10,599,000 | -16,571,000 | 2,223,000 | 177,000 | -16,274,000 | -1,972,000 | 9,462,000 | 5,961,000 | -4,760,000 | -7,778,000 | -9,531,000 | -487,000 | 6,551,000 | 1,332,000 | |||||||||||||||||||||||||||||||||
increase in other assets | -52,299,000 | -1,720,000 | -9,760,000 | -2,155,000 | -2,579,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in the carrying amount of rou asset | 1,005,000 | 882,000 | 907,000 | 1,004,000 | 954,000 | 1,007,000 | 946,000 | 958,000 | 953,000 | 1,022,000 | 1,469,000 | 1,139,000 | 1,251,000 | 1,226,000 | 1,741,000 | 1,296,000 | 1,439,000 | 1,518,000 | 1,690,000 | 2,544,000 | 1,418,000 | 2,444,000 | 3,202,000 | |||||||||||||||||||||||||||||||||||||||||||
decrease in accrued interest payable | -3,510,000 | 1,387,000 | -257,000 | -3,098,000 | -2,974,000 | -4,842,000 | -3,408,000 | 125,000 | -481,000 | -605,000 | -23,174,000 | -3,148,000 | 119,000 | -1,866,000 | -1,551,000 | -1,094,000 | -353,000 | -3,566,000 | -574,000 | -3,017,000 | -10,052,000 | -13,165,000 | -33,500,000 | -6,244,000 | -36,706,000 | |||||||||||||||||||||||||||||||||||||||||
increase in other liabilities | 32,939,000 | -27,907,000 | 13,727,000 | 38,791,000 | 66,405,000 | 34,613,000 | -11,265,000 | 3,174,000 | -15,601,000 | -5,347,000 | -36,205,000 | 6,954,000 | -9,178,000 | 2,551,000 | -26,714,000 | 16,414,000 | -18,088,000 | -185,000 | 4,184,000 | 13,614,000 | 1,408,000 | 14,040,000 | -9,622,000 | -11,637,000 | 7,338,000 | 7,437,000 | -4,625,000 | 1,319,000 | 7,799,000 | 2,817,000 | -15,816,000 | |||||||||||||||||||||||||||||||||||
decrease in the carrying amount of lease liability | -1,169,000 | -1,000,000 | -981,000 | -2,487,000 | -897,000 | -939,000 | -886,000 | -957,000 | -1,025,000 | -1,444,000 | -1,340,000 | -1,293,000 | -1,275,000 | -1,415,000 | -1,367,000 | -1,360,000 | -1,500,000 | -1,820,000 | -1,870,000 | -2,041,000 | -1,247,000 | -917,000 | -3,655,000 | -2,447,000 | -2,382,000 | |||||||||||||||||||||||||||||||||||||||||
total adjustments | 17,515,000 | 98,928,000 | 11,765,000 | -96,093,000 | 10,039,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 73,115,000 | 137,615,000 | 112,441,000 | 81,760,000 | 91,169,000 | 180,533,000 | 137,038,000 | 133,404,000 | 211,915,000 | 79,761,000 | 154,235,000 | 76,134,000 | 122,845,000 | 27,187,000 | 173,158,000 | 298,249,000 | 185,465,000 | 155,174,000 | 202,082,000 | 138,953,000 | 48,658,000 | 39,780,000 | 278,636,000 | 38,854,000 | -144,455,000 | 155,997,000 | 160,753,000 | 121,830,000 | -139,665,000 | 77,335,000 | 121,926,000 | 13,679,000 | 57,952,000 | 132,132,000 | 73,833,000 | 66,430,000 | 175,229,000 | 104,494,000 | 84,010,000 | 191,985,000 | 129,348,000 | 94,382,000 | 156,472,000 | 88,604,000 | 184,574,000 | 84,991,000 | 38,721,000 | 99,330,000 | 60,696,000 | 100,571,000 | 98,916,000 | 43,730,000 | 86,549,000 | 81,667,000 | 179,038,000 | -45,581,000 | 58,725,000 | 2,686,000 | 110,056,000 | 58,634,000 | 45,650,000 | 110,366,000 | 63,526,000 | 70,480,000 | 112,154,000 | 74,943,000 |
capital expenditures | -11,550,000 | -7,494,000 | -11,670,000 | -3,696,000 | -3,378,000 | 17,377,000 | -4,438,000 | -10,617,000 | -23,225,000 | -21,448,000 | -15,351,000 | -12,823,000 | -24,430,000 | -14,998,000 | -10,271,000 | -18,358,000 | -15,794,000 | -16,358,000 | -13,810,000 | -10,886,000 | -17,898,000 | -32,614,000 | -33,704,000 | -21,433,000 | -25,561,000 | -24,818,000 | -23,966,000 | -18,902,000 | -24,813,000 | -28,543,000 | -31,471,000 | -36,941,000 | -28,068,000 | -70,814,000 | -26,469,000 | -20,781,000 | -29,577,000 | -15,258,000 | -4,005,000 | -9,519,000 | -8,372,000 | -4,797,000 | -9,022,000 | -3,146,000 | -5,290,000 | -2,778,000 | -2,574,000 | -2,965,000 | -2,099,000 | -2,306,000 | -4,391,000 | -1,495,000 | -5,289,000 | -2,992,000 | -5,274,000 | -2,826,000 | -1,787,000 | -2,883,000 | -738,000 | -22,000 | -382,000 | -62,000 | -47,000 | -1,373,000 | -2,371,000 | -1,350,000 |
free cash flows | 61,565,000 | 130,121,000 | 100,771,000 | 78,064,000 | 87,791,000 | 197,910,000 | 132,600,000 | 122,787,000 | 188,690,000 | 58,313,000 | 138,884,000 | 63,311,000 | 98,415,000 | 12,189,000 | 162,887,000 | 279,891,000 | 169,671,000 | 138,816,000 | 188,272,000 | 128,067,000 | 30,760,000 | 7,166,000 | 244,932,000 | 17,421,000 | -170,016,000 | 131,179,000 | 136,787,000 | 102,928,000 | -164,478,000 | 48,792,000 | 90,455,000 | -23,262,000 | 29,884,000 | 61,318,000 | 47,364,000 | 45,649,000 | 145,652,000 | 89,236,000 | 80,005,000 | 182,466,000 | 120,976,000 | 89,585,000 | 147,450,000 | 85,458,000 | 179,284,000 | 82,213,000 | 36,147,000 | 96,365,000 | 58,597,000 | 98,265,000 | 94,525,000 | 42,235,000 | 81,260,000 | 78,675,000 | 173,764,000 | -48,407,000 | 56,938,000 | -197,000 | 109,318,000 | 58,612,000 | 45,268,000 | 110,304,000 | 63,479,000 | 69,107,000 | 109,783,000 | 73,593,000 |
cash flows from investing activities, net of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases and originations of loans, including cash paid for student loan trusts, net of cash and restricted cash acquired | -3,070,037,000 | -3,350,438,000 | -1,616,279,000 | -194,568,000 | -173,931,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of loans from a related party | -299,380,000 | -479,377,000 | -70,001,000 | 0 | -136,667,000 | 0 | -35,000 | -68,000 | -567,000 | -6,626,000 | -1,049,000 | -1,202,000 | -629,000 | -1,116,000 | -19,731,000 | -72,421,000 | 0 | -33,901,000 | -41,217,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from loan repayments, claims, and capitalized interest | 3,253,780,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans | 213,000 | 127,000 | 167,772,000 | 124,000 | 72,502,000 | 402,557,000 | -19,317,000 | 111,047,000 | 199,963,000 | 211,258,000 | 50,803,000 | 133,513,000 | 157,444,000 | 84,570,000 | 23,281,000 | 108,000 | 15,170,000 | 0 | 20,682,000 | 0 | 45,661,000 | 4,000 | 90,461,000 | 154,349,000 | 0 | 0 | 22,320,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans to a related party | 107,969,000 | 658,929,000 | 229,983,000 | 242,000 | 59,939,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available-for-sale securities | -143,321,000 | -136,777,000 | -175,608,000 | -101,469,000 | -139,007,000 | -212,534,000 | -118,987,000 | -108,421,000 | -163,610,000 | -70,718,000 | -214,336,000 | -54,098,000 | -242,370,000 | -84,850,000 | -209,448,000 | -595,945,000 | -139,195,000 | -213,252,000 | -158,080,000 | -319,150,000 | -44,335,000 | -250,083,000 | -108,752,000 | -83,017,000 | -29,658,000 | 0 | 0 | -8,360,000 | 0 | -9,900,000 | -28,164,000 | -77,118,000 | -53,530,000 | -27,940,000 | -51,735,000 | -14,595,000 | -93,537,000 | -5,550,000 | -512,000 | -49,303,000 | -135,890,000 | -69,930,000 | -23,237,000 | -86,776,000 | -35,193,000 | -101,395,000 | -25,943,000 | -27,719,000 | ||||||||||||||||||
proceeds from sales of available-for-sale securities | 47,533,000 | 83,047,000 | 96,345,000 | 34,828,000 | 74,781,000 | 75,050,000 | 105,009,000 | 112,854,000 | 153,033,000 | 187,021,000 | 198,548,000 | 85,375,000 | 492,173,000 | 60,667,000 | 130,705,000 | 205,772,000 | 113,980,000 | 56,456,000 | 66,009,000 | 20,434,000 | 18,077,000 | 76,506,000 | 73,906,000 | 1,175,000 | 22,197,000 | -64,000 | -23,000 | 12,821,000 | 26,809,000 | 9,834,000 | 21,951,000 | 66,492,000 | 37,809,000 | 43,829,000 | 58,232,000 | 44,675,000 | 46,480,000 | 47,951,000 | 1,317,000 | 41,695,000 | 195,938,000 | 99,799,000 | 50,517,000 | 13,405,000 | 53,000,000 | 84,638,000 | 21,373,000 | 6,843,000 | ||||||||||||||||||
proceeds from beneficial interest in loan securitizations | 14,715,000 | 21,685,000 | 17,630,000 | 19,287,000 | 18,948,000 | 18,336,000 | 14,385,000 | 13,638,000 | 5,875,000 | 10,516,000 | 8,512,000 | 4,725,000 | 4,542,000 | 5,941,000 | 7,271,000 | 8,603,000 | 9,842,000 | 12,606,000 | 10,501,000 | 11,264,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of other investments and issuance of notes receivable | -99,521,000 | -341,845,000 | -88,162,000 | -81,737,000 | -80,091,000 | -196,124,000 | -90,150,000 | -126,465,000 | -70,975,000 | -165,286,000 | -39,503,000 | -69,620,000 | -70,509,000 | -70,573,000 | -45,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other investments and repayments of notes receivable | 32,273,000 | 21,819,000 | 56,390,000 | 439,161,000 | 15,668,000 | 18,789,000 | 25,460,000 | 42,815,000 | 10,820,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of held-to-maturity debt securities | 1,406,000 | 883,000 | 2,753,000 | 4,020,000 | 3,776,000 | 12,888,000 | 6,849,000 | 3,262,000 | 1,779,000 | 1,686,000 | 1,406,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -11,550,000 | -7,494,000 | -11,670,000 | -3,696,000 | -3,378,000 | 17,377,000 | -4,438,000 | -10,617,000 | -23,225,000 | -21,448,000 | -15,351,000 | -12,823,000 | -24,430,000 | -14,998,000 | -10,271,000 | -18,358,000 | -15,794,000 | -16,358,000 | -13,810,000 | -10,886,000 | -17,898,000 | -32,614,000 | -33,704,000 | -21,433,000 | -25,561,000 | -24,818,000 | -23,966,000 | -18,902,000 | -24,813,000 | -28,543,000 | -31,471,000 | -36,941,000 | -28,068,000 | -70,814,000 | -26,469,000 | -20,781,000 | -29,577,000 | -15,258,000 | -4,005,000 | -9,519,000 | -8,372,000 | -4,797,000 | -9,022,000 | -3,146,000 | -5,290,000 | -2,778,000 | -2,574,000 | -2,965,000 | -2,099,000 | -2,306,000 | -4,391,000 | -1,495,000 | -5,289,000 | -2,992,000 | -5,274,000 | -2,826,000 | -1,787,000 | -2,883,000 | -738,000 | -22,000 | -382,000 | -62,000 | -47,000 | -1,373,000 | -2,371,000 | -1,350,000 |
business acquisitions, net of cash and restricted cash acquired | 197,007,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 31,087,000 | -162,643,000 | -190,781,000 | 573,471,000 | 136,357,000 | 334,866,000 | 254,245,000 | 737,543,000 | 1,086,079,000 | 631,607,000 | 416,142,000 | 166,401,000 | 723,932,000 | 532,753,000 | 902,320,000 | 233,885,000 | 603,069,000 | 642,493,000 | 786,864,000 | -711,784,000 | 468,362,000 | -332,418,000 | 236,351,000 | 611,614,000 | 105,672,000 | 331,951,000 | 337,135,000 | 469,179,000 | 386,301,000 | 204,154,000 | 149,078,000 | -1,187,913,000 | 102,330,000 | 1,824,311,000 | 1,051,415,000 | 595,461,000 | 1,629,415,000 | 729,680,000 | 569,244,000 | 324,251,000 | 31,825,000 | 447,965,000 | -1,175,874,000 | 340,511,000 | 402,658,000 | -134,291,000 | -2,168,141,000 | 924,171,000 | 114,481,000 | 336,835,000 | 309,583,000 | 311,452,000 | 466,336,000 | 352,452,000 | 2,493,233,000 | 251,921,000 | -1,869,875,000 | -1,036,576,000 | 1,639,709,000 | 529,423,000 | 97,442,000 | -452,969,000 | 1,015,933,000 | -487,375,000 | 1,507,579,000 | -976,211,000 |
nelnet, inc. and subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities, net of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on bonds and notes payable | -353,098,000 | -876,674,000 | -621,392,000 | -770,635,000 | -347,217,000 | -633,744,000 | -727,533,000 | -1,007,221,000 | -1,276,160,000 | -609,244,000 | -579,294,000 | -1,002,198,000 | -1,415,424,000 | -1,304,082,000 | -1,339,385,000 | -777,427,000 | -918,270,000 | -1,204,188,000 | -1,406,059,000 | -489,220,000 | -584,303,000 | -326,271,000 | -729,504,000 | -810,506,000 | -1,263,204,000 | -980,027,000 | -1,711,368,000 | -1,075,476,000 | -932,007,000 | -964,054,000 | -505,799,000 | -742,642,000 | -901,008,000 | -2,549,189,000 | -1,128,899,000 | -1,136,873,000 | -1,972,880,000 | -858,147,000 | -884,376,000 | -2,629,565,000 | -1,459,807,000 | -619,363,000 | -1,821,723,000 | -1,347,517,000 | -993,978,000 | -2,244,266,000 | -1,649,080,000 | -1,274,892,000 | -827,719,000 | -692,408,000 | -552,152,000 | -603,508,000 | -692,156,000 | -1,090,797,000 | -3,022,961,000 | -763,523,000 | -749,738,000 | -1,028,622,000 | -2,665,743,000 | -1,794,398,000 | -1,563,514,000 | -620,595,000 | -1,551,044,000 | 115,626,000 | -4,894,090,000 | -550,318,000 |
proceeds from issuance of bonds and notes payable | 270,658,000 | 835,829,000 | 557,346,000 | -54,385,000 | 85,000,000 | -18,071,000 | 18,108,000 | 4,914,000 | -49,880,000 | 601,264,000 | 204,884,000 | 888,163,000 | 253,460,000 | 146,419,000 | 13,512,000 | 209,154,000 | 623,584,000 | 1,107,021,000 | 7,800,000 | 424,165,000 | 208,164,000 | 58,972,000 | 1,193,388,000 | 587,609,000 | 1,318,177,000 | 521,654,000 | 570,532,000 | 918,114,000 | 277,436,000 | 1,970,712,000 | 756,700,000 | 612,279,000 | 37,496,000 | 496,290,000 | 226,194,000 | 67,698,000 | 212,602,000 | 2,233,630,000 | 1,285,760,000 | 140,089,000 | 2,901,639,000 | 972,384,000 | 423,948,000 | 2,295,865,000 | 3,834,700,000 | 295,690,000 | 656,893,000 | 279,667,000 | 104,740,000 | 250,090,000 | 212,457,000 | 533,097,000 | 347,773,000 | 517,881,000 | 2,524,743,000 | 2,061,893,000 | 926,861,000 | 1,176,863,000 | 1,544,738,000 | 1,039,942,000 | 415,317,000 | 464,405,000 | 3,301,721,000 | 1,459,422,000 | ||
payments of debt issuance costs | -2,056,000 | -3,018,000 | -804,000 | -3,930,000 | -69,000 | -136,000 | -1,498,000 | -662,000 | -31,000 | -3,511,000 | -19,000 | -2,045,000 | -169,000 | -2,635,000 | -309,000 | -539,000 | -312,000 | -315,000 | -3,743,000 | -2,421,000 | -614,000 | -1,530,000 | -1,281,000 | -1,009,000 | -4,854,000 | -3,879,000 | -5,012,000 | -2,739,000 | -2,776,000 | -2,855,000 | -5,508,000 | -3,795,000 | -1,650,000 | -2,256,000 | -364,000 | -3,747,000 | -1,084,000 | -164,000 | -1,303,000 | -8,707,000 | -5,256,000 | -1,000 | -12,241,000 | -4,700,000 | -402,000 | -7,093,000 | -10,567,000 | -2,037,000 | -3,998,000 | -1,595,000 | 0 | -776,000 | -46,000 | -1,460,000 | -1,347,000 | -928,000 | -2,974,000 | -4,069,000 | -3,363,000 | -3,046,000 | -1,382,000 | -1,448,000 | -108,000 | -144,000 | -11,450,000 | -3,184,000 |
increase in bank deposits | 75,354,000 | 192,408,000 | 94,723,000 | 68,635,000 | 127,276,000 | 115,373,000 | 180,286,000 | 88,411,000 | 58,462,000 | 25,546,000 | -12,993,000 | 55,279,000 | -15,555,000 | 110,497,000 | -7,649,000 | 104,427,000 | 139,732,000 | 143,664,000 | -2,190,000 | 91,011,000 | 57,197,000 | |||||||||||||||||||||||||||||||||||||||||||||
decrease in due to customers | -212,085,000 | 13,627,000 | 49,687,000 | -99,176,000 | 15,457,000 | 114,070,000 | -150,712,000 | -67,642,000 | -89,884,000 | -70,849,000 | 17,543,000 | 48,634,000 | -217,851,000 | 62,546,000 | -153,207,000 | -58,606,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -11,834,000 | -11,836,000 | -10,835,000 | -10,161,000 | -10,161,000 | -10,160,000 | -10,148,000 | -10,158,000 | -10,370,000 | -10,370,000 | -9,701,000 | -9,694,000 | -9,654,000 | -9,648,000 | -8,925,000 | -8,972,000 | -9,063,000 | -9,138,000 | -8,407,000 | -8,475,000 | -8,437,000 | -8,435,000 | -7,664,000 | -7,733,000 | -7,946,000 | -7,939,000 | -7,143,000 | -7,171,000 | -7,232,000 | -7,300,000 | -6,525,000 | -6,508,000 | -6,506,000 | -11,803,000 | -5,896,000 | -5,895,000 | -10,192,000 | -5,093,000 | -5,366,000 | -9,173,000 | -4,614,000 | -4,628,000 | -9,284,000 | -4,641,000 | -4,637,000 | -4,646,000 | -52,051,000 | -4,737,000 | -4,737,000 | -4,712,000 | -4,713,000 | -4,811,000 | -4,852,000 | -3,387,000 | -23,695,000 | -3,435,000 | -3,507,000 | -3,494,000 | 0 | 0 | 0 | -3,458,000 | ||||
repurchases of common stock | -16,280,000 | -16,255,000 | -27,273,000 | -21,360,000 | -4,458,000 | -403,000 | -576,000 | -46,842,000 | -35,469,000 | -23,718,000 | -543,000 | -465,000 | -3,302,000 | -4,461,000 | -14,293,000 | -46,032,000 | -32,899,000 | -30,625,000 | -25,078,000 | -399,000 | -2,009,000 | -213,000 | -4,618,000 | -67,274,000 | -1,253,000 | -149,000 | -221,000 | -23,683,000 | -16,358,000 | -28,811,000 | -192,000 | -4,910,000 | -11,418,000 | -18,195,000 | -1,369,000 | -8,948,000 | -52,468,000 | -52,069,000 | -29,526,000 | -51,028,000 | -7,939,000 | -2,376,000 | -9,304,000 | -869,000 | -121,000 | -6,704,000 | -21,293,000 | -206,000 | -199,000 | -1,116,000 | -6,004,000 | -20,595,000 | -225,000 | -310,000 | -133,000 | -26,614,000 | -12,822,000 | -236,000 | -260,000 | -108,000 | -26,000 | -36,000 | -766,000 | -103,000 | -179,000 | -488,000 |
proceeds from issuance of common stock | 379,000 | 490,000 | 472,000 | 579,000 | 341,000 | 522,000 | 457,000 | 593,000 | 374,000 | 465,000 | 425,000 | 495,000 | 395,000 | 427,000 | 405,000 | 366,000 | 435,000 | 357,000 | 419,000 | 308,000 | 381,000 | 403,000 | 469,000 | 370,000 | 411,000 | 381,000 | 447,000 | 263,000 | 461,000 | 366,000 | 492,000 | 227,000 | 274,000 | 221,000 | 233,000 | 417,000 | 228,000 | 184,000 | 431,000 | 248,000 | 180,000 | 295,000 | 149,000 | 124,000 | 174,000 | 131,000 | 100,000 | 133,000 | 116,000 | 106,000 | 141,000 | 141,000 | 124,000 | 157,000 | 124,000 | 130,000 | 117,000 | 120,000 | 98,000 | 113,000 | 118,000 | 144,000 | 143,000 | |||
redemption of noncontrolling interest | -1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of noncontrolling interests | 7,658,000 | 98,041,000 | 39,404,000 | 6,711,000 | 8,869,000 | 28,380,000 | 23,849,000 | 13,298,000 | 14,098,000 | 55,808,000 | 18,563,000 | 12,817,000 | 1,201,000 | 36,397,000 | 14,238,000 | 3,138,000 | 2,004,000 | 36,811,000 | 6,425,000 | 5,540,000 | 1,940,000 | 512,000 | 150,000 | 300,000 | 12,600,000 | 12,600,000 | 1,312,000 | 975,000 | ||||||||||||||||||||||||||||||||||||||
distribution to noncontrolling interests | -1,371,000 | -2,368,000 | -1,860,000 | -1,501,000 | -1,850,000 | -2,388,000 | -1,252,000 | -1,536,000 | -799,000 | -2,138,000 | -599,000 | -927,000 | -993,000 | -2,395,000 | -454,000 | -334,000 | -365,000 | -330,000 | -125,000 | -321,000 | -102,000 | -428,000 | -327,000 | -311,000 | -22,000 | -62,000 | -60,000 | -91,000 | -22,000 | -174,000 | -95,000 | -237,000 | -19,000 | -515,000 | -310,000 | -219,000 | -97,000 | |||||||||||||||||||||||||||||
net cash from financing activities | -244,175,000 | 231,793,000 | 43,408,000 | -685,894,000 | -326,445,000 | -482,757,000 | -435,958,000 | -868,443,000 | -1,382,499,000 | -478,644,000 | -591,735,000 | -326,560,000 | -1,306,259,000 | -245,940,000 | -1,205,923,000 | -535,410,000 | -805,226,000 | -854,610,000 | -815,174,000 | 703,044,000 | -528,147,000 | 349,492,000 | -534,761,000 | -829,491,000 | -83,480,000 | -403,554,000 | -413,678,000 | -588,637,000 | -387,402,000 | -84,564,000 | -239,891,000 | 1,213,315,000 | -177,076,000 | -1,956,858,000 | -1,086,742,000 | -659,391,000 | -1,808,920,000 | -846,669,000 | -704,223,000 | -464,437,000 | -191,608,000 | -486,445,000 | 1,048,234,000 | -385,280,000 | -575,356,000 | 33,335,000 | 2,101,777,000 | -986,082,000 | -179,622,000 | -419,276,000 | -458,023,000 | -379,429,000 | -484,681,000 | -669,783,000 | -2,704,831,000 | -164,740,000 | 1,755,832,000 | 1,025,788,000 | -1,745,877,000 | -620,591,000 | -19,970,000 | 396,461,000 | -1,214,619,000 | 603,448,000 | -1,605,450,000 | 913,693,000 |
effect of exchange rate changes on cash and restricted cash | -3,048,000 | -15,000 | -48,000 | 312,000 | 26,000 | -640,000 | 290,000 | 76,000 | -163,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | -143,021,000 | -34,980,000 | -30,351,000 | -98,893,000 | -44,385,000 | 2,580,000 | -84,668,000 | -21,480,000 | -84,018,000 | -459,573,000 | -16,523,000 | -11,204,000 | -19,774,000 | -179,023,000 | -122,263,000 | -140,766,000 | -16,794,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 973,546,000 | 0 | 0 | 0 | 931,020,000 | 0 | 0 | 0 | 1,025,491,000 | 0 | 0 | 0 | 1,357,616,000 | 0 | 0 | 0 | 1,194,189,000 | 0 | 0 | 0 | 958,395,000 | 0 | 0 | 1,222,601,000 | 0 | 0 | 1,192,391,000 | 0 | 0 | 942,066,000 | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | 830,525,000 | 206,750,000 | -34,980,000 | -30,351,000 | 832,127,000 | 32,002,000 | -44,385,000 | 2,580,000 | 940,823,000 | 232,946,000 | -21,480,000 | -84,018,000 | 898,043,000 | 314,287,000 | -130,713,000 | -3,624,000 | 1,177,666,000 | -56,889,000 | 173,705,000 | 130,182,000 | 947,191,000 | -19,774,000 | -179,023,000 | 1,100,338,000 | 84,210,000 | 2,372,000 | 1,051,625,000 | 31,113,000 | 39,081,000 | 925,272,000 | ||||||||||||||||||||||||||||||||||||
proceeds from termination of derivative instruments | 0 | 0 | 0 | 164,079,000 | 0 | 23,765,000 | 0 | 2,119,000 | 3,013,000 | 913,000 | 3,523,000 | 3,522,000 | 51,947,000 | 34,447,000 | 4,965,000 | 7,856,000 | 0 | 7,547,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
(payments to) proceeds from clearinghouse - initial and variation margin | -3,220,000 | -810,000 | -3,755,000 | -282,000 | 398,000 | -210,284,000 | -10,718,000 | 17,262,000 | -63,255,000 | -13,974,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on partial redemption of allo investment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | 78,158,000 | 6,459,000 | -17,893,000 | -2,580,000 | -2,234,000 | 3,787,000 | 11,238,000 | -26,000,000 | -15,249,000 | -1,753,000 | -8,658,000 | 11,597,000 | -3,790,000 | 14,511,000 | 258,000 | 3,152,000 | -27,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense | 26,951,000 | 0 | 332,000 | 34,087,000 | 7,814,000 | 0 | 0 | 0 | 18,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets | 14,215,000 | 19,978,000 | 42,396,000 | -18,886,000 | 16,783,000 | 10,443,000 | -3,179,000 | 62,016,000 | -1,963,000 | 3,140,000 | 27,094,000 | 5,147,000 | 39,691,000 | -3,501,000 | -20,433,000 | 30,781,000 | -32,324,000 | -4,994,000 | 4,834,000 | 49,415,000 | 294,000 | -1,062,000 | -2,922,000 | -1,473,000 | -1,967,000 | 605,000 | 1,383,000 | 1,303,000 | 293,000 | -8,000 | 66,000 | 1,124,000 | 1,140,000 | 356,000 | -2,193,000 | 2,242,000 | 1,016,000 | 10,433,000 | -12,013,000 | 55,107,000 | -51,071,000 | -60,000 | 2,800,000 | 7,236,000 | -12,320,000 | 4,509,000 | 21,097,000 | -11,678,000 | ||||||||||||||||||
net proceeds from loan repayments, claims, and capitalized interest | 3,367,093,000 | 1,200,066,000 | 457,279,000 | 423,817,000 | 434,668,000 | 620,032,000 | 977,639,000 | 1,147,413,000 | 649,005,000 | 561,552,000 | 663,865,000 | 684,962,000 | 1,439,086,000 | 1,162,167,000 | 944,742,000 | 848,188,000 | 1,093,131,000 | 963,000,000 | 410,370,000 | 637,275,000 | 434,550,000 | 409,511,000 | 1,282,939,000 | 517,347,000 | ||||||||||||||||||||||||||||||||||||||||||
purchases of held-to-maturity debt securities | -1,100,000 | -8,436,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
years ended december 31, 2025, 2024, and 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in due to customers | 41,797,000 | -103,011,000 | 11,393,000 | 51,400,000 | 128,447,000 | 57,918,000 | 33,831,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest | 0 | 0 | 0 | 0 | 1,400,000 | 0 | 0 | 0 | 0 | -13,449,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 314,287,000 | -130,713,000 | -56,889,000 | 173,705,000 | 84,210,000 | 31,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to clearinghouse - initial and variation margin | 4,048,000 | -4,067,000 | -20,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from repurchases of debt | 0 | 3,269,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense and provision for beneficial interests | 9,145,000 | 10,288,000 | 1,591,000 | 5,764,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other liabilities | -37,102,000 | -12,420,000 | -50,218,000 | -5,187,000 | -3,729,000 | -376,000 | -11,824,000 | -3,288,000 | -10,375,000 | 15,230,000 | -42,047,000 | 1,072,000 | -5,741,000 | -7,891,000 | -10,006,000 | -4,526,000 | -16,690,000 | -26,027,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (payments to) clearinghouse - initial and variation margin | 1,662,000 | 4,054,000 | 50,261,000 | 2,593,000 | 359,000 | 38,081,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity securities, net of purchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest payable | -4,534,000 | -1,000,000 | 465,000 | 1,552,000 | -1,675,000 | 14,253,000 | 8,833,000 | 5,747,000 | 2,650,000 | -3,411,000 | -5,060,000 | -4,126,000 | -5,687,000 | 479,000 | 1,021,000 | -2,568,000 | 8,974,000 | 4,213,000 | 1,387,000 | 750,000 | 2,837,000 | 8,419,000 | 7,443,000 | -125,000 | 2,566,000 | 1,371,000 | 695,000 | 1,432,000 | 613,000 | 1,091,000 | 2,669,000 | -1,147,000 | -10,536,000 | |||||||||||||||||||||||||||||||||
purchases and originations of loans, including purchase of student loan residual interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
years ended december 31, 2024, 2023, and 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases and originations of loans | -181,020,000 | -273,528,000 | -157,047,000 | -178,748,000 | -144,387,000 | -122,691,000 | -289,177,000 | -912,900,000 | -142,632,000 | -235,152,000 | -161,334,000 | -172,830,000 | -105,202,000 | -888,244,000 | -152,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of restricted available-for-sale securities | 0 | -5,001,000 | -18,287,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of restricted available-for-sale securities | 620,000 | 320,000 | 340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -3,536,000 | -1,919,000 | -854,000 | -694,000 | -327,000 | 128,000 | 767,000 | -77,000 | 59,000 | 56,000 | -6,192,000 | -2,106,000 | 97,000 | 68,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 76,299,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense and benefit from beneficial interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in loan and investment accrued interest receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in other assets | 31,363,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan discount accretion | -7,433,000 | -8,286,000 | -7,115,000 | -7,736,000 | -7,676,000 | -39,517,000 | -8,409,000 | -9,627,000 | -9,927,000 | 17,058,000 | -10,442,000 | -7,388,000 | -7,218,000 | -7,471,000 | -8,618,000 | -9,754,000 | -9,442,000 | -8,270,000 | -8,748,000 | -9,113,000 | -9,693,000 | -9,485,000 | -9,516,000 | -10,108,000 | -11,691,000 | |||||||||||||||||||||||||||||||||||||||||
loss on investments, net of gains | 8,348,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities, net of business acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision (negative provision) for loan losses | 34,275,000 | 27,801,000 | 9,666,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of loans | -6,988,000 | -5,362,000 | -15,511,000 | -11,812,000 | 2,713,000 | -2,627,000 | 0 | -2,989,000 | -14,817,000 | -351,000 | -351,000 | 1,000 | -33,000 | -36,000 | -47,000 | -33,000 | 0 | 0 | -1,345,000 | |||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts receivable | -10,341,000 | -5,416,000 | -695,000 | -5,758,000 | -9,601,000 | -561,000 | -198,000 | -11,277,000 | 3,268,000 | -18,661,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities, net of business acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from and sale of beneficial interest in loan securitizations | 9,791,000 | 11,734,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities, net of business acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | 222,000 | -122,000 | 7,000 | -91,000 | 287,000 | -268,000 | -348,000 | 169,000 | 54,000 | -67,000 | -31,000 | -77,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities, net of business acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity securities | 0 | 0 | 75,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other investments | 15,365,000 | 3,289,000 | 11,114,000 | 22,845,000 | 18,569,000 | 14,179,000 | 9,776,000 | -17,813,000 | 41,813,000 | 57,531,000 | 110,290,000 | 4,483,000 | 1,758,000 | 3,635,000 | 3,135,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition, net of cash acquired | 0 | 0 | -109,152,000 | -1,909,000 | 0 | 0 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax (benefit) expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in loan and investment accrued interest receivable | -1,443,000 | -40,374,000 | -114,000 | -33,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from deconsolidation of allo, including cash impact | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale (purchases) of equity securities | -22,000 | 465,000 | 41,826,000 | 572,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from clearinghouse - initial and variation margin, net of payments | 93,826,000 | -16,027,000 | 149,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for beneficial interests and impairment expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | -45,583,000 | 0 | 0 | 0 | -18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) income from repurchases of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision (negative provision) for beneficial interests and impairment expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accounts receivable | 52,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
negative provision for loan losses | -435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
negative provision for beneficial interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of other investments | -73,944,000 | -87,230,000 | -38,653,000 | -56,421,000 | -71,590,000 | -45,632,000 | -4,986,000 | -84,706,000 | -32,892,000 | -10,471,000 | -27,011,000 | -14,467,000 | -11,986,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(negative provision) benefit from loan losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to terminate derivative instruments | -12,688,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of loans | 0 | -3,444,000 | -18,206,000 | -15,549,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from investments | -3,518,000 | 23,711,000 | 10,636,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on (gain from) repurchases and extinguishments of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from beneficial interests and impairment expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to extinguish debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(negative provision) provision for loan losses | 5,827,000 | 374,000 | -17,048,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity securities - trading | -21,827,000 | -6,252,000 | -13,512,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from investments | -13,037,000 | 13,849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(negative provision) provision for beneficial interests and impairment expense | 500,000 | -2,436,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities, net of acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments to) proceeds from termination of derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain from) loss on repurchases and extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of loans | -427,060,000 | -159,649,000 | -463,583,000 | -409,404,000 | -647,334,000 | -363,750,000 | -652,492,000 | -344,631,000 | -615,597,000 | -638,724,000 | -1,982,377,000 | -610,855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from termination of derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on repurchases and extinguishment of debt | -105,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest receivable | -90,109,000 | -33,167,000 | 3,278,000 | -12,897,000 | -8,245,000 | -36,722,000 | -1,490,000 | -452,000 | -743,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from investments | 4,046,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in the carrying amount of rou asset | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency transaction adjustment | 31,951,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 874,000 | 14,014,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments and issuance of notes receivable | -32,650,000 | -44,286,000 | -10,344,000 | -15,970,000 | -17,824,000 | -24,992,000 | -7,854,000 | -16,370,000 | -4,898,000 | -7,449,000 | -10,222,000 | -3,021,000 | -28,400,000 | -53,770,000 | -49,953,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investments and notes receivable | 15,653,000 | 30,088,000 | 23,012,000 | 1,719,000 | 1,578,000 | 5,369,000 | 6,374,000 | 9,718,000 | 1,605,000 | 3,729,000 | 5,360,000 | 3,087,000 | 2,026,000 | 8,824,000 | 4,709,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
business (acquisitions) sale, net of cash and restricted cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of contingent consideration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities, net of acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from debt repurchases | 0 | 0 | 0 | -359,000 | -5,421,000 | -4,980,000 | -5,721,000 | -101,000 | -101,000 | -166,000 | -4,039,000 | -2,524,000 | -6,558,000 | -57,000 | -39,000 | -800,000 | -1,374,000 | -2,973,000 | -148,000 | 0 | 0 | 0 | -6,962,000 | |||||||||||||||||||||||||||||||||||||||||||
gain from investments and notes receivable | -1,921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from loan repayments, claims, capitalized interest, and other | 739,072,000 | 1,119,088,000 | 769,996,000 | 838,187,000 | 789,767,000 | 831,559,000 | 863,270,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition, net of cash and restricted cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt extinguishment costs | -12,636,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from investments and notes receivable | 1,151,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative market value adjustment | 48,895,000 | 5,226,000 | 4,898,000 | -60,033,000 | -951,000 | -1,238,000 | -61,451,000 | 48,649,000 | 3,674,000 | -28,029,000 | 19,457,000 | 46,072,000 | 19,879,000 | -7,950,000 | -2,916,000 | -10,135,000 | 19,507,000 | -39,516,000 | 5,426,000 | 78,758,000 | -16,835,000 | 31,830,000 | 87,341,000 | -2,208,000 | -66,450,000 | -17,405,000 | -73,662,000 | 100,631,000 | 67,570,000 | 13,060,000 | -42,182,000 | -29,852,000 | 52,122,000 | -33,823,000 | 119,861,000 | -11,459,000 | -36,003,000 | |||||||||||||||||||||||||||||
proceeds (payments) from termination of derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to enter into derivative instruments | -929,000 | -929,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from clearinghouse - initial and variation margin | -6,036,000 | 6,157,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) income from investments and notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in loan accrued interest receivable | -54,943,000 | -33,228,000 | -101,660,000 | -59,038,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from equity securities, net of losses | -521,000 | -921,000 | -6,838,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from clearinghouse to settle variation margin | 62,689,000 | 25,927,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including debt discounts and student loan premiums and deferred origination costs | 66,805,000 | 34,310,000 | 38,559,000 | 62,298,000 | 31,078,000 | 32,691,000 | 60,191,000 | 30,225,000 | 29,651,000 | 49,206,000 | 21,999,000 | 21,154,000 | 20,079,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
student loan discount accretion | -22,934,000 | -12,014,000 | -10,178,000 | -21,524,000 | -10,917,000 | -11,082,000 | -21,506,000 | -10,746,000 | -11,086,000 | -21,087,000 | -10,023,000 | -9,925,000 | -9,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sales of available-for-sale securities, net of losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds related to trading securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued interest receivable | -4,470,000 | -9,460,000 | 3,685,000 | -3,784,000 | 902,000 | -3,567,000 | 8,881,000 | 4,173,000 | 2,341,000 | -39,662,000 | 18,277,000 | 10,245,000 | 12,023,000 | 22,670,000 | -9,121,000 | 6,003,000 | 9,668,000 | 99,931,000 | -20,588,000 | -61,253,000 | -6,929,000 | -4,080,000 | 3,157,000 | 83,563,000 | 58,224,000 | 66,778,000 | ||||||||||||||||||||||||||||||||||||||||
purchases of student loans | -100,843,000 | -50,126,000 | -108,543,000 | -844,120,000 | -385,963,000 | -758,508,000 | -146,071,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from student loan repayments, claims, capitalized interest, and other | 1,807,765,000 | 953,698,000 | 827,034,000 | 1,927,319,000 | 870,898,000 | 825,183,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of student loans | 0 | 44,738,000 | 44,738,000 | 0 | 3,996,000 | 3,996,000 | 50,182,000 | 6,000 | 32,005,000 | 11,284,000 | 14,944,000 | 32,184,000 | 27,373,000 | 32,592,000 | 26,166,000 | 47,000 | 0 | 95,131,000 | 2,175,236,000 | 6,155,000 | 1,004,000 | 20,032,000 | 1,766,917,000 | 549,835,000 | 216,000 | 125,000 | 539,987,000 | 0 | 426,739,000 | 841,087,000 | ||||||||||||||||||||||||||||||||||||
purchases of investments and loans receivable and issuance of notes receivable | -33,131,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investments and other receivables | 5,551,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 226,409,000 | 193,326,000 | 695,000 | -858,209,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 38,506,000 | 2,500,000 | -4,276,000 | -50,969,000 | 51,799,000 | -30,435,000 | 55,902,000 | 28,832,000 | 43,835,000 | 11,876,000 | -15,965,000 | -27,643,000 | 37,419,000 | -4,445,000 | 18,130,000 | -32,560,000 | 41,600,000 | -55,318,000 | -8,102,000 | 3,888,000 | -32,534,000 | 123,122,000 | 53,858,000 | -135,160,000 | 186,553,000 | 14,283,000 | 12,425,000 | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 69,654,000 | 69,654,000 | 63,529,000 | 63,529,000 | 130,481,000 | 130,481,000 | 63,267,000 | 63,267,000 | 66,031,000 | 0 | 0 | 42,570,000 | 0 | 0 | 283,801,000 | 0 | 0 | 338,181,000 | 0 | 0 | 189,847,000 | 0 | 0 | 111,746,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 69,239,000 | 108,160,000 | 59,253,000 | 51,034,000 | 182,280,000 | 100,046,000 | 92,099,000 | 107,102,000 | 50,066,000 | 37,419,000 | -4,445,000 | 60,700,000 | -24,247,000 | 68,204,000 | 48,137,000 | 41,600,000 | -55,318,000 | 330,079,000 | -32,534,000 | 123,122,000 | 243,705,000 | 186,553,000 | 14,283,000 | 124,171,000 | ||||||||||||||||||||||||||||||||||||||||||
cash disbursements made for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 183,821,000 | 88,066,000 | 81,446,000 | 142,446,000 | 66,091,000 | 62,363,000 | 108,436,000 | 53,235,000 | 54,738,000 | 97,668,000 | 48,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes, net of refunds | 46,193,000 | 1,180,000 | 27,782,000 | 55,988,000 | 1,323,000 | 42,832,000 | 67,211,000 | 45,000 | 36,962,000 | 83,706,000 | 13,378,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from sales of available-for-sale securities | -740,000 | -331,000 | 409,000 | 132,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds (purchases) related to trading securities | 23,000 | 7,000 | 147,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -415,000 | -12,495,000 | -24,247,000 | 68,204,000 | -235,664,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency transaction adjustment | 4,690,000 | -25,392,000 | 8,712,000 | 18,480,000 | -11,321,000 | -33,538,000 | -48,209,000 | -18,797,000 | -1,798,000 | 952,000 | 9,383,000 | -28,763,000 | 25,747,000 | 20,798,000 | -59,226,000 | 32,242,000 | -43,608,000 | -73,452,000 | 19,020,000 | 65,334,000 | -22,113,000 | 106,467,000 | -93,400,000 | -71,675,000 | -18,325,000 | 39,356,000 | 63,865,000 | -47,242,000 | -12,526,000 | -128,890,000 | -4,407,000 | 92,937,000 | ||||||||||||||||||||||||||||||||||
supplemental noncash operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other assets related to centrally cleared variation margin settlements on derivative instruments | 50,401,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interest | 168,000 | 95,000 | 41,000 | 308,000 | 1,206,000 | 513,000 | 568,000 | 271,000 | 19,000 | 124,000 | 136,000 | 152,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds to terminate/amend derivative instruments, net of payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sales of available-for-sale securities | -1,825,000 | -585,000 | -2,297,000 | -205,000 | -187,000 | -8,311,000 | -7,073,000 | -3,692,000 | -957,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of student loans and student loan residual interests | -114,874,000 | -183,375,000 | -195,034,000 | -1,637,650,000 | -542,783,000 | -2,843,061,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business and asset acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities, net of borrowings assumed: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of noncontrolling interest | 3,670,000 | 19,000 | 0 | 201,000 | 201,000 | 0 | 5,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to noncontrolling interest | -108,000 | -44,000 | -346,000 | -1,349,000 | -287,000 | -290,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
student loans and other assets acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of education lending subsidiary, including student loans and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable obtained in connection with sale of education lending subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings and other liabilities transferred in sale of education lending subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings and other liabilities assumed in acquisition of student loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from termination of derivative instruments, net of payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment to enter into interest rate caps | -585,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash and investments | -131,325,000 | 16,532,000 | -16,147,000 | -27,247,000 | 29,356,000 | 7,394,000 | -13,104,000 | 42,982,000 | 23,945,000 | 84,743,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash activity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activity - student loans and other assets acquired | 517,845,000 | 0 | 2,571,997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activity - borrowings and other liabilities assumed in acquisition of student loans | 451,845,000 | 0 | 2,444,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for purchases of trading securities | -235,000 | -11,697,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments for) proceeds from (purchases) sales of trading securities | -3,436,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash and investments | -92,301,000 | -91,631,000 | -127,472,000 | 57,969,000 | -102,366,000 | 136,032,000 | -221,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(purchases) proceeds related to trading securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment to enter into derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash and investments | 173,144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from student loan repayments, claims, capitalized interest, participations, and other | 1,953,437,000 | 940,907,000 | 978,119,000 | 1,712,350,000 | 686,908,000 | 582,924,000 | 688,387,000 | 612,739,000 | 1,050,395,000 | 852,576,000 | 597,034,000 | 456,990,000 | 428,385,000 | 719,738,000 | 630,606,000 | 434,281,000 | 615,431,000 | 365,685,000 | 330,526,000 | 443,010,000 | 734,445,000 | 708,897,000 | 476,624,000 | 637,195,000 | 424,315,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sales (purchases) of trading securities | 1,304,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for interest rate swap option | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds to terminate/amend derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of trading securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of receivables and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments received on employee stock notes receivable | 368,000 | 0 | 0 | 772,000 | 0 | 0 | 80,000 | 0 | 199,000 | 0 | 0 | 0 | 0 | 177,000 | 398,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investing activity - sale of education lending subsidiary, including student loans and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activity - note receivable obtained in connection with sale of education lending subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activity - borrowings and other liabilities transferred in sale of education lending subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to terminate and/or amend derivative instruments, net of proceeds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of student loans - held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of trading securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash items | 304,000 | 1,923,000 | -605,000 | -697,000 | 677,000 | -232,000 | 297,000 | -189,000 | 611,000 | -697,000 | 241,000 | 254,000 | -1,593,000 | -5,123,000 | 7,668,000 | 1,024,000 | 530,000 | 914,000 | 153,000 | 191,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchase of student loans from a related party | -175,000 | -137,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of notes and other receivables | 3,821,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of trading investments | -731,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities, net of asset acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the termination/amendment of derivative instruments, net of payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities, net of asset acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of student loans from a related party | -9,000 | -69,000 | -221,000 | -4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset acquisitions, including contingency payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 48,696,000 | 55,599,000 | 58,184,000 | 59,485,000 | 61,338,000 | 52,950,000 | 52,160,000 | 47,333,000 | 53,674,000 | 68,873,000 | 53,006,000 | 49,777,000 | 54,291,000 | 86,502,000 | 116,831,000 | 177,210,000 | 242,171,000 | 224,891,000 | 234,674,000 | 354,904,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid, net of refunds | 5,489,000 | 27,960,000 | 29,685,000 | 54,193,000 | 2,920,000 | 35,540,000 | 34,309,000 | 31,038,000 | 32,293,000 | 28,181,000 | 25,887,000 | 26,764,000 | 25,123,000 | 31,567,000 | 39,625,000 | 22,203,000 | 8,096,000 | -244,000 | 10,176,000 | 8,783,000 | 5,343,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchases of cost-method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition contingency payment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities, net of business and asset acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments) proceeds to terminate and/or amend derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans - held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in investments - trading securities | 277,000 | -1,795,000 | 523,000 | -752,000 | -946,000 | -18,170,000 | 6,055,000 | 5,517,000 | -10,154,000 | -2,065,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities, net of business and asset acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans | -176,212,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business and asset acquisitions, including contingency payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution from equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution made to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including loan and debt premiums/discounts and deferred origination costs | 18,153,000 | 18,003,000 | 17,521,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds to terminate and/or amend derivative instruments | 1,238,000 | 0 | 0 | 12,369,000 | 13,909,000 | 855,000 | 50,000 | 2,388,000 | 1,382,000 | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of available-for-sale securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business and asset acquisition contingency payments | -1,550,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on bonds payable due to a related party | 0 | 0 | 0 | -107,050,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activity - student loans acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activity - other assets acquired and other liabilities assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activity - borrowings assumed in acquisition of student loans and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of minority membership interest | 0 | 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to terminate and/or amend derivative instruments | -174,000 | -9,546,000 | -381,000 | -141,000 | -2,586,000 | 0 | -3,359,000 | 0 | 50,000 | -11,760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans, including loan premiums and deferred origination costs, net of discounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of student loans to a related party | 14,996,000 | 21,419,000 | 20,017,000 | 20,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business and asset acquisitions, net of cash acquired, including contingency payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of bonds payable due to a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net of business and asset acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including loan premiums/discount and deferred origination costs | 18,621,000 | 16,877,000 | 18,964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans-held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued litigation settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans, including loan premiums/discounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and deferred origination costs | -672,323,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of student loans, including loan premiums, from a related party | -30,000 | 0 | -29,000 | -535,907,000 | -7,972,000 | -19,257,000 | -6,589,000 | -13,803,000 | 0 | 0 | -35,100,000 | -177,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
business and asset acquisitions, net of cash acquired, including contingency payments/receipts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash operating, investing, and financing activities regarding the company's acquisition of student loans from an affiliate of greystone & co., inc. are contained in note 2. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities, net of business acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans, including loan premiums/discounts and deferred origination costs | -426,725,000 | -235,599,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income to net cash from operating activities, net of business acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired, including contingency payments | -7,193,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 837,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 30,160,000 | -69,825,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations to net cash provided by operating activities, net of business acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in value of put options issued in business acquisitions | 0 | 2,945,000 | 111,000 | 427,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from repurchase of bonds and notes payable | -16,062,000 | -9,885,000 | -8,759,000 | -10,177,000 | -22,498,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of student loans | 3,988,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from operating activities - continuing operations | 110,056,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from operating activities - discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations, purchases, and consolidations of student loans, including loan premiums and deferred origination costs | -494,862,000 | -972,450,000 | -317,647,000 | -887,924,000 | -305,939,000 | -1,174,366,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from investing activities - continuing operations | 1,639,709,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from investing activities - discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on bonds and notes payable due to a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of bonds and notes payable due to a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on settlement of put option | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities - continuing operations | -1,745,877,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities - discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income to net cash from operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
activities, net of business acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including loan premiums | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds received to terminate and/or amend derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans, including loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums/discounts and deferred origination costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from student loan repayments, claims, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized interest, participations, and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including loan premiums and deferred origination costs | 23,329,000 | 26,864,000 | 27,920,000 | 30,228,000 | 27,756,000 | 30,134,000 | 33,661,000 | 33,632,000 | 35,360,000 | 38,952,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations and purchases of student loans, including loan premiums and deferred origination costs | -1,027,883,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations to net cash provided | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of student loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued interest receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase in accrued interest payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in other liabilities | -31,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
originations, purchases, and consolidations of student loans, including loan premiums | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity method investments | 0 | 0 | -1,270,000 | -1,718,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from equity method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of business, net of cash sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions - contingent consideration and purchase price adjustments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from issuance of notes payable due to a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate fluctuations on cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable assumed in connection with an acquisition of an entity under common control | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued in consideration for notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in accounts receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition - contingent consideration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments) proceeds from issuance of notes payable due to a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in value of put options issued in business combinations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from purchase of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from operating activities — continuing operations | 63,526,000 | 74,943,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from operating activities — discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition — contingent consideration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from investing activities — continuing operations | 1,015,933,000 | -976,211,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from investing activities — discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes payable due to a related party | 0 | -21,520,000 | -68,562,000 | 11,321,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities — continuing operations | -1,214,619,000 | 913,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities — discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from purchase of unsecured debt | -8,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations to net cash from operating activities, net of business acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of floor contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans to employees for purchases of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable assumed in connection with acquisition of entities under common control | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations to net cash provided by operating activities, net of business acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to terminate floor contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (gain) on sale of student loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase in other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of restricted investments | -80,936,000 | -89,576,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of restricted investments | 81,284,000 | 79,394,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business, net of cash sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds (payments) from issuance of notes payable due to a related party | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of student loans and reduction in fair value related to loans held for sale | 47,474,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from termination of interest rate swaps | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of student loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of loan origination rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid to expand customer relationships | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including amortization of loan premiums and deferred origination costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from equity method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of fixed asset | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision (recovery) for loan losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed asset | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equity method investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable assumed in connection with purchase of property | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash operating, investing, and financing activities regarding business acquisitions and the company’s cash flow hedge are contained in notes 4 and 8, respectively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net of business acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including amortization of loan premiums and deferred | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
origination costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ineffectiveness of cash flow hedge | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
put option adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net income of subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in accrued interest payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from student loan principal payments and loan consolidations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of furniture, equipment, and leasehold improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid to expand customer relationships with college access network | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of common stock |