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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,4985,5902,5591,5341,9192,4162,360
Cash and cash equivalents4,4555,5642,5591,5341,9192,4162,360
Short-term investments4326     
Total current assets:4,4985,5902,5591,5341,9192,4162,360
Noncurrent Assets
Property, plant and equipment15513510690878178
Intangible assets, net (including goodwill)     23
Intangible assets, net (excluding goodwill)     23
Amortization method qualified affordable housing project investments5458    
Total noncurrent assets:20919310690878382
Other undisclosed assets26,06426,90423,97420,15516,52712,71510,531
TOTAL ASSETS:30,77032,68626,63821,78018,53315,21412,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50685328191616
Interest and dividends payable50685328191616
Debt 289   500 
Liability for uncertainty in income taxes   1081161616
Total current liabilities:503575313613553232
Noncurrent Liabilities
Liabilities, other than long-term debt1929     
Qualified affordable housing project investments, commitment1929    
Total noncurrent liabilities:1929     
Other undisclosed liabilities28,13928,98823,61319,17016,05112,58611,110
Total liabilities:28,20829,37523,66619,30516,18613,11811,142
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3122,9122,5732,0741,7821,5311,830
Common stock91919089878685
Treasury stock, value(799)(325)(143)(108)(67)(41)(12)
Additional paid in capital1,3311,3081,2751,2221,1761,1361,091
Accumulated other comprehensive income (loss)(34)(12)113(9)(16)(11)
Retained earnings1,7221,8511,340868595367113
Other undisclosed stockholders' equity attributable to parent      565
Other undisclosed stockholders' equity251400400400565565 
Total stockholders' equity:2,5633,3122,9732,4742,3472,0961,830
TOTAL LIABILITIES AND EQUITY:30,77032,68626,63821,78018,53315,21412,972

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,9892,2491,8931,4141,060817661
Net investment income1,9892,2491,8951,4141,060817661
Cost of revenue(93)(354)(245)(186)(159)(90)(86)
Provision for loan, lease, and other losses(93)(354)(245)
Financial services costs(186)(159)(90)(86)
Gross profit:1,8961,8951,6481,228901727575
Operating expenses   (449)(385)(349)(275)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
4431(52)5704240
Operating income:1,9391,9261,596784585420340
Nonoperating income (expense)
(Investment Income, Nonoperating)
5018(0)(8)(1)52
Interest and debt expense(542)(708)(522)(308)(186)(129)(96)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(293)(492)(514)231614288
Income from continuing operations before income taxes:1,154744559491414439334
Income tax expense(273)(165)(72)(203)(164)(165)(140)
Net income:881578487289250274194
Net income attributable to noncontrolling interest      0
Net income attributable to parent:881578487289250274194
Preferred stock dividends and other adjustments(10)(17)(16)(16)(21)(20)(13)
Net income available to common stockholders, diluted:871561472273229255181

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:881578487289250274194
Other comprehensive income (loss)(22)(23)7117(5)(8)
Comprehensive income:859555494300258270185
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Comprehensive income, net of tax, attributable to parent:859555494300258270186

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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