Nelnet Inc. (NNI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
121 SOUTH 13TH ST LINCOLN, NE 68508 |
| State of Incorp. | NE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6141 - Personal Credit Institutions (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 168,112 | 118,146 | 125,563 | 163,290 | 146,806 | 138,994 | |||
| Cash and cash equivalent | 168,112 | 118,146 | 125,563 | 121,249 | 133,906 | 121,347 | |||
| Short-term investments | 42,041 | 12,900 | 17,647 | ||||||
| Restricted cash and investments | 57,500 | 55,000 | |||||||
| Total current assets: | 225,612 | 173,146 | 125,563 | 163,290 | 146,806 | 138,994 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 13,565 | 14,852 | 14,314 | 18,301 | 32,770 | ✕ | |||
| Property, plant and equipment | 127,008 | 122,526 | 119,413 | 123,527 | 348,259 | 344,784 | |||
| Intangible assets, net (including goodwill) | 202,848 | 240,403 | 194,121 | 217,162 | 238,444 | 271,202 | |||
| Goodwill | 158,029 | 176,902 | 142,092 | 142,092 | 156,912 | 156,912 | |||
| Intangible assets, net (excluding goodwill) | 44,819 | 63,501 | 52,029 | 75,070 | 81,532 | 114,290 | |||
| Total noncurrent assets: | 343,421 | 377,781 | 327,848 | 358,990 | 619,473 | 615,986 | |||
| Other undisclosed assets | 16,167,612 | 18,823,117 | 21,224,630 | 22,123,880 | 22,942,691 | 24,465,988 | |||
| TOTAL ASSETS: | 16,736,645 | 19,374,044 | 21,678,041 | 22,646,160 | 23,708,970 | 25,220,968 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,200 | ||||||||
| Accrued liabilities | 5,200 | ||||||||
| Total current liabilities: | 5,200 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 13,514,730 | 16,168,942 | 18,725,203 | 20,017,811 | 21,317,876 | 22,906,189 | |||
| Total liabilities: | 13,514,730 | 16,174,142 | 18,725,203 | 20,017,811 | 21,317,876 | 22,906,189 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,262,621 | 3,198,959 | 2,951,206 | 2,632,042 | 2,386,712 | 2,304,061 | |||
| Additional paid in capital | 3,096 | 1,109 | 1,000 | 3,794 | 5,715 | 622 | |||
| Accumulated other comprehensive income (loss) | (20,119) | (37,366) | 9,304 | 6,102 | 2,972 | 3,883 | |||
| Retained earnings | 3,279,273 | 3,234,844 | 2,940,523 | 2,621,762 | 2,377,627 | 2,299,556 | |||
| Other undisclosed equity, attributable to parent | 371 | 372 | 379 | 384 | 398 | ||||
| Equity, attributable to noncontrolling interest | (40,706) | 943 | 1,632 | (3,693) | 4,382 | 10,315 | |||
| Other undisclosed equity | 403 | ||||||||
| Total equity: | 3,221,915 | 3,199,902 | 2,952,838 | 2,628,349 | 2,391,094 | 2,314,779 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,736,645 | 19,374,044 | 21,678,041 | 22,646,160 | 23,708,970 | 25,220,968 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27,271 | 70,259 | 78,681 | 57,561 | 65,179 | 54,446 | ||
| Contractually specified servicing fee, late fee, and ancillary fee earned in exchange for servicing financial asset | 15,790 | 18,707 | ||||||
| Premiums earned, net | 20,067 | |||||||
| Realized investment gains (losses) | (8,586) | 51,552 | ||||||
| Other income | 78,681 | 57,561 | 65,179 | 54,446 | ||||
| Cost of revenue | (219,759) | (168,374) | (96,234) | (168,378) | (141,026) | (99,492) | ||
| Cost of product and service sold | (219,759) | (168,374) | (108,660) | (105,018) | (102,026) | (76,492) | ||
| Provision for loan, lease, and other losses | 12,426 | (63,360) | (39,000) | (23,000) | ||||
| Gross profit: | (192,488) | (98,115) | (17,553) | (110,817) | (75,847) | (45,046) | ||
| Operating expenses | (860,506) | (834,434) | (726,342) | (781,105) | (762,824) | (701,106) | ||
| Operating loss: | (1,052,994) | (932,549) | (743,895) | (891,922) | (838,671) | (746,152) | ||
| Nonoperating income (Investment Income, Nonoperating) | 177,855 | 91,601 | 41,498 | 283,131 | 34,421 | 26,600 | ||
| Interest and debt expense | (845,091) | (428,906) | (176,233) | (330,071) | (699,327) | (669,547) | ||
| Loss from continuing operations before equity method investments, income taxes: | (1,720,230) | (1,269,854) | (878,630) | (938,862) | (1,503,577) | (1,389,099) | ||
| Other undisclosed income from continuing operations before income taxes | 1,794,418 | 1,779,319 | 1,380,735 | 1,389,348 | 1,680,322 | 1,675,393 | ||
| Income from continuing operations before income taxes: | 74,188 | 509,465 | 502,105 | 450,486 | 176,745 | 286,294 | ||
| Income tax expense | (19,753) | (113,224) | (115,822) | (100,860) | (35,451) | (58,770) | ||
| Income from continuing operations: | 54,435 | 396,241 | 386,283 | 349,626 | 141,294 | 227,524 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 386,283 | 349,626 | 141,294 | 227,524 | |
| Net income: | 54,435 | 396,241 | 386,283 | 349,626 | 141,294 | 227,524 | ||
| Net income attributable to noncontrolling interest | 37,097 | 11,106 | 7,003 | 2,817 | 509 | 389 | ||
| Net income available to common stockholders, diluted: | 91,532 | 407,347 | 393,286 | 352,443 | 141,803 | 227,913 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 54,435 | 396,241 | 386,283 | 349,626 | 141,294 | 227,524 | ||
| Other comprehensive income (loss) | 17,247 | (46,670) | 3,202 | 3,130 | (911) | 9 | ||
| Comprehensive income: | 71,682 | 349,571 | 389,485 | 352,756 | 140,383 | 227,533 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 37,097 | 11,106 | 7,003 | 2,817 | 509 | 389 | ||
| Comprehensive income, net of tax, attributable to parent: | 108,779 | 360,677 | 396,488 | 355,573 | 140,892 | 227,922 | ||
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.