Navient Corporation (JSM) financial statements (2021 and earlier)

Company profile

Business Address 300 CONTINENTAL DRIVE
NEWARK, DE 19713
State of Incorp. DE
Fiscal Year End December 31
SIC 6141 - Personal Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,4984,3925,0297,3305,5903,8783,999
Cash and cash equivalents4,4554,3514,9897,2935,5643,8523,999
Short-term investments434140372626 
Total current assets:4,4984,3925,0297,3305,5903,8783,999
Noncurrent Assets
Property, plant and equipment155149148144135135130
Amortization method qualified affordable housing project investments545556575859 
Total noncurrent assets:209204204201193194130
Other undisclosed assets26,06426,04725,17924,23026,90427,08825,457
TOTAL ASSETS:30,77030,64230,41231,76132,68631,16029,585
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50645682687260
Interest and dividends payable50645682687260
Debt    289298 
Total current liabilities:5064568235737060
Noncurrent Liabilities
Liabilities, other than long-term debt192223252933 
Qualified affordable housing project investments, commitment192223252933 
Total noncurrent liabilities:192223252933 
Other undisclosed liabilities28,13928,35628,31629,53328,98827,57426,428
Total liabilities:28,20828,44228,39529,64029,37527,97726,488
Stockholders' equity
Stockholders' equity attributable to parent2,3121,8001,6171,7212,9122,7832,697
Common stock91919191919191
Treasury stock, value(799)(798)(798)(798)(325)(315)(277)
Additional paid in capital1,3311,2431,2341,2271,3081,3021,296
Accumulated other comprehensive loss(34)(39)(44)(43)(12)(20)(14)
Retained earnings1,7221,3031,1331,2441,8511,7261,601
Other undisclosed stockholders' equity251400400400400400400
Total stockholders' equity:2,5632,2002,0172,1213,3123,1833,097
TOTAL LIABILITIES AND EQUITY:30,77030,64230,41231,76132,68631,16029,585

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues
(Net Investment Income)
476478480555577565554
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
40 (253)(8)(98)(100)(93)
Gross profit:516478227548480465461
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
110257(0)153
Operating income:517487252555479480463
Nonoperating income (expense)
(Investment Income, Nonoperating)
0(0)446(4)217
Interest and debt expense(113)(118)(136)(175)(181)(185)(177)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes156(143)(236)58(118)(128)(119)
Income (loss) from continuing operations before income taxes:560226(116)484176169184
Income tax expense (benefit)(127)(55)31(121)(35)(41)(34)
Net income (loss) attributable to parent:433171(85)362141128150
Preferred stock dividends and other adjustments(2)(2)(2)(3)(4)(4)(4)
Net income (loss) available to common stockholders, diluted:431169(88)359137124146

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):433171(85)362141128150
Other comprehensive income (loss)55(1)(31)8(7)(16)
Comprehensive income (loss), net of tax, attributable to parent:437176(86)331149122135

Statements sources

The financial statements are based on the company's filings with the 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.

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