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

Company profile

Business Address 123 JUSTISON STREET
WILMINGTON, DE 19801
State of Incorp. DE
Fiscal Year End December 31
SIC 6211 - Security Brokers, Dealers, and Flotation Companies (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 investments1,1831,2331,2861,5181,2531,5941,443
Cash and cash equivalents1,1831,2331,2861,5181,2531,5941,443
Total current assets:1,1831,2331,2861,5181,2531,5941,443
Noncurrent Assets
Property, plant and equipment116135136156160  
Intangible assets, net (including goodwill), including:735757786810670705369
Goodwill665665665701545551353
Intangible assets, net (excluding goodwill)709212110812415416
Other undisclosed intangible assets, net (including goodwill)   11  
Total noncurrent assets:851892922966830705369
Other undisclosed assets85,37892,778101,968112,507119,053131,813144,540
TOTAL ASSETS:87,41294,903104,176114,991121,136134,112146,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6,6138,4835,4224,7712,3342,5702,663
Total current liabilities:6,6138,4835,4224,7712,3342,5702,663
Noncurrent Liabilities
Other undisclosed liabilities78,35283,07195,207106,735115,079127,543139,491
Total liabilities:84,96591,554100,629111,506117,413130,113142,154
Stockholders' equity
Stockholders' equity attributable to parent2,4333,3363,5193,4543,6993,9754,198
Common stock4444444
Treasury stock, value(3,854)(3,439)(2,961)(2,692)(2,223)(1,425)(432)
Additional paid in capital3,2263,1983,1453,0773,0222,9672,893
Accumulated other comprehensive income (loss)(274)(91)113616(51)9
Retained earnings3,3313,6643,2183,0042,8902,4801,724
Stockholders' equity attributable to noncontrolling interest141328312424 
Total stockholders' equity:2,4473,3493,5473,4853,7233,9994,198
TOTAL LIABILITIES AND EQUITY:87,41294,903104,176114,991121,136134,112146,352

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
Revenues3884,6894,9084,6764,4504,6354,818
Net investment income 4,6734,9084,3834,1464,2954,739
Cost of revenue(155)(258)(370)(426)(429)(561)(1,388)
Cost of goods and services sold      (760)
Provision for loan, lease, and other losses(155)(258)(370)
Financial services costs(426)(429)(561)(628)
Gross profit:2334,4314,5384,2504,0214,0743,430
Operating expenses(964)(984)(984)(966)(951)(918)(987)
Other operating income, net
(Noninterest Income, Other Operating Income)
    71782
Operating income (loss):(731)3,4473,5543,2843,0773,1732,525
Nonoperating income (expense)
(Investment Income, Nonoperating)
(256)22(38)22117166139
Interest and debt expense(2,052)(3,443)(3,649)(2,974)(2,440)(2,053)(2,063)
Other undisclosed income from continuing operations before equity method investments, income taxes      1,236
Income (loss) from continuing operations before equity method investments, income taxes:(3,039)26(133)3327541,2861,837
Other undisclosed income from continuing operations before income taxes3,571737661432354314 
Income from continuing operations before income taxes:5327635287641,1081,6001,837
Income tax expense(120)(166)(133)(472)(427)(604)(688)
Income from continuing operations:4125973952926819961,149
Income from discontinued operations     1 
Net income attributable to parent:4125973952926819971,149
Preferred stock dividends and other adjustments      (6)
Net income available to common stockholders, diluted:4125973952926819971,143

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:4125973952926819971,149
Other comprehensive income (loss)(183)(204)395557(60)(4)
Comprehensive income, net of tax, attributable to parent:2293934343477389371,145

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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