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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,5902,5591,5341,9192,4162,3605,190
Cash and cash equivalents5,5642,5591,5341,9192,4162,3605,190
Short-term investments26      
Total current assets:5,5902,5591,5341,9192,4162,3605,190
Noncurrent Assets
Property, plant and equipment13510690878178 
Intangible assets, net (including goodwill)    23424
Goodwill      394
Intangible assets, net (excluding goodwill)    2330
Amortization method qualified affordable housing project investments58    
Total noncurrent assets:19310690878382424
Other undisclosed assets26,90423,97420,15516,52712,71510,531153,929
TOTAL ASSETS:32,68626,63821,78018,53315,21412,972159,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities685328191616 
Interest and dividends payable685328191616 
Debt289   500 13,795
Liability for uncertainty in income taxes  1081161616 
Total current liabilities:357531361355323213,795
Noncurrent Liabilities
Liabilities, other than long-term debt29      
Qualified affordable housing project investments, commitment29    
Total noncurrent liabilities:29      
Other undisclosed liabilities28,98823,61319,17016,05112,58611,110140,106
Total liabilities:29,37523,66619,30516,18613,11811,142153,901
Stockholders' equity
Stockholders' equity attributable to parent, including:2,9122,5732,0741,7821,5311,8305,637
Common stock919089878685109
Treasury stock, value(325)(143)(108)(67)(41)(12)(2,033)
Additional paid in capital1,3081,2751,2221,1761,1361,0914,399
Accumulated other comprehensive income (loss)(12)113(9)(16)(11)13
Retained earnings1,8511,3408685953671132,584
Other undisclosed stockholders' equity attributable to parent     565565
Stockholders' equity attributable to noncontrolling interest      5
Other undisclosed stockholders' equity400400400565565  
Total stockholders' equity:3,3122,9732,4742,3472,0961,8305,642
TOTAL LIABILITIES AND EQUITY:32,68626,63821,78018,53315,21412,972159,543

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2491,8931,4141,060817661 
Net investment income2,2491,8951,4141,060817661 
Cost of revenue(354)(245)(186)(159)(90)(86)(1,645)
Cost of goods and services sold      (806)
Provision for loan, lease, and other losses(354)(245)
Financial services costs(186)(159)(90)(86)(839)
Gross profit:1,8951,6481,228901727575(1,645)
Operating expenses  (449)(385)(349)(275)(1,042)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
31(52)5704240100
Operating income (loss):1,9261,596784585420340(2,587)
Nonoperating income (expense)
(Investment Income, Nonoperating)
18(0)(8)(1)52(268)
Interest and debt expense(708)(522)(308)(186)(129)(96)(2,168)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(492)(514)2316142887,110
Income from continuing operations before income taxes:7445594914144393342,087
Income tax expense(165)(72)(203)(164)(165)(140)(776)
Income from continuing operations:5784872892502741941,311
Loss from discontinued operations      (20)
Income before gain (loss) on sale of properties:5784872892502741941,291
Other undisclosed net income      126
Net income:5784872892502741941,417
Net income attributable to noncontrolling interest     01
Net income attributable to parent:5784872892502741941,418
Preferred stock dividends and other adjustments(17)(16)(16)(21)(20)(13) 
Other undisclosed net loss available to common stockholders, basic      (20)
Net income available to common stockholders, diluted:5614722732292551811,398

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:5784872892502741941,417
Other comprehensive income (loss)(23)7117(5)(8)19
Comprehensive income:5554943002582701851,436
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     0(1)
Comprehensive income, net of tax, attributable to parent:5554943002582701861,435

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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