Navient Corporation (JSM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
13865 SUNRISE VALLEY DRIVE HERNDON, VA 20171 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,143,000 | 1,088,000 | 823,000 | 839,000 | 977,000 | 1,317,000 | |||
| Cash and cash equivalent | 1,143,000 | 1,088,000 | 823,000 | 839,000 | 977,000 | 1,317,000 | |||
| Total current assets: | 1,143,000 | 1,088,000 | 823,000 | 839,000 | 977,000 | 1,317,000 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 54,000 | 59,000 | 61,000 | 62,000 | 67,000 | 68,000 | |||
| Intangible assets, net (including goodwill), including: | 438,000 | 690,000 | 692,000 | 695,000 | 697,000 | 700,000 | |||
| Goodwill | 428,000 | 670,000 | |||||||
| Intangible assets, net (excluding goodwill) | 10,000 | 25,000 | |||||||
| Other undisclosed intangible assets, net (including goodwill) | 690,000 | 692,000 | 697,000 | 700,000 | |||||
| Total noncurrent assets: | 492,000 | 749,000 | 753,000 | 757,000 | 764,000 | 768,000 | |||
| Other undisclosed assets | 51,805,000 | 54,785,000 | 57,453,000 | 59,779,000 | 61,673,000 | 63,513,000 | |||
| TOTAL ASSETS: | 53,440,000 | 56,622,000 | 59,029,000 | 61,375,000 | 63,414,000 | 65,598,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 5,305,000 | 5,326,000 | 4,427,000 | 4,226,000 | 4,662,000 | 4,838,000 | |||
| Total current liabilities: | 5,305,000 | 5,326,000 | 4,427,000 | 4,226,000 | 4,662,000 | 4,838,000 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 45,441,000 | 48,548,000 | 51,836,000 | 54,389,000 | 55,854,000 | 57,830,000 | |||
| Total liabilities: | 50,746,000 | 53,874,000 | 56,263,000 | 58,615,000 | 60,516,000 | 62,668,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,694,000 | 2,748,000 | 2,766,000 | 2,760,000 | 2,898,000 | 2,930,000 | |||
| Common stock | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |||
| Treasury stock, value | (5,377,000) | (5,343,000) | (5,304,000) | (5,254,000) | (5,183,000) | (5,107,000) | |||
| Additional paid in capital | 3,374,000 | 3,367,000 | 3,360,000 | 3,353,000 | 3,349,000 | 3,343,000 | |||
| Accumulated other comprehensive income | 3,000 | 10,000 | 15,000 | 19,000 | 43,000 | 65,000 | |||
| Retained earnings | 4,690,000 | 4,710,000 | 4,691,000 | 4,638,000 | 4,685,000 | 4,625,000 | |||
| Total equity: | 2,694,000 | 2,748,000 | 2,766,000 | 2,760,000 | 2,898,000 | 2,930,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 53,440,000 | 56,622,000 | 59,029,000 | 61,375,000 | 63,414,000 | 65,598,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 70,000 | 81,000 | 77,000 | 81,000 | 85,000 | 83,000 | ||
| Cost of revenue | (163,000) | (126,000) | (12,000) | (55,000) | (72,000) | (11,000) | ||
| Cost of product and service sold | (121,000) | (112,000) | ||||||
| Provision for loan, lease, and other losses | (42,000) | (14,000) | (12,000) | (55,000) | (72,000) | (11,000) | ||
| Gross profit: | (93,000) | (45,000) | 65,000 | 26,000 | 13,000 | 72,000 | ||
| Operating expenses | (184,000) | (166,000) | (183,000) | (199,000) | (233,000) | (182,000) | ||
| Operating income (loss): | (277,000) | (211,000) | (118,000) | (173,000) | (220,000) | (110,000) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 183,000 | 14,000 | 32,000 | (33,000) | 26,000 | 26,000 | ||
| Interest and debt expense | (875,000) | (929,000) | (879,000) | (919,000) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (94,000) | (197,000) | (961,000) | (1,135,000) | (1,073,000) | (1,003,000) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 106,000 | 245,000 | 1,049,000 | 1,099,000 | 1,183,000 | 1,099,000 | ||
| Income (loss) from continuing operations before income taxes: | 12,000 | 48,000 | 88,000 | (36,000) | 110,000 | 96,000 | ||
| Income tax expense (benefit) | (14,000) | (12,000) | (15,000) | 8,000 | (31,000) | (30,000) | ||
| Net income (loss) available to common stockholders, diluted: | (2,000) | 36,000 | 73,000 | (28,000) | 79,000 | 66,000 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,000) | 36,000 | 73,000 | (28,000) | 79,000 | 66,000 | ||
| Other comprehensive loss | (4,000) | (24,000) | (22,000) | (1,000) | ||||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | (2,000) | 36,000 | 69,000 | (52,000) | 57,000 | 65,000 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (7,000) | (5,000) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (9,000) | 31,000 | 69,000 | (52,000) | 57,000 | 65,000 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.