Navient Corporation (NAVI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9051,1831,2331,2861,5181,2531,594
Cash and cash equivalents9051,1831,2331,2861,5181,2531,594
Total current assets:9051,1831,2331,2861,5181,2531,594
Noncurrent Assets
Property, plant and equipment95116135136156160 
Intangible assets, net (including goodwill), including:725735757786810670705
Goodwill671665665665701545551
Intangible assets, net (excluding goodwill)557092121108124154
Other undisclosed intangible assets, net (including goodwill)(1)   11 
Total noncurrent assets:820851892922966830705
Other undisclosed assets78,88085,37892,778101,968112,507119,053131,813
TOTAL ASSETS:80,60587,41294,903104,176114,991121,136134,112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,4906,6138,4835,4224,7712,3342,570
Total current liabilities:2,4906,6138,4835,4224,7712,3342,570
Noncurrent Liabilities
Other undisclosed liabilities75,50778,35283,07195,207106,735115,079127,543
Total liabilities:77,99784,96591,554100,629111,506117,413130,113
Stockholders' equity
Stockholders' equity attributable to parent2,5972,4333,3363,5193,4543,6993,975
Common stock4444444
Treasury stock, value(4,495)(3,854)(3,439)(2,961)(2,692)(2,223)(1,425)
Additional paid in capital3,2823,2263,1983,1453,0773,0222,967
Accumulated other comprehensive income (loss)(133)(274)(91)113616(51)
Retained earnings3,9393,3313,6643,2183,0042,8902,480
Stockholders' equity attributable to noncontrolling interest11141328312424
Total stockholders' equity:2,6082,4473,3493,5473,4853,7233,999
TOTAL LIABILITIES AND EQUITY:80,60587,41294,903104,176114,991121,136134,112

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5073884,6894,9084,6764,4504,635
Gain on disposition of assets for financial service operations78 16 
Net investment income  4,6734,9084,3834,1464,295
Cost of revenue (155)(258)(370)(426)(429)(561)
Provision for loan, lease, and other losses (155)(258)(370)
Financial services costs(426)(429)(561)
Gross profit:5072334,4314,5384,2504,0214,074
Operating expenses(1,207)(964)(984)(984)(966)(951)(918)
Other operating income, net
(Noninterest Income, Other Operating Income)
     717
Operating income (loss):(700)(731)3,4473,5543,2843,0773,173
Nonoperating income (expense)
(Investment Income, Nonoperating)
64(256)22(38)22117166
Interest and debt expense(1,389)(2,052)(3,443)(3,649)(2,974)(2,440)(2,053)
Income (loss) from continuing operations before equity method investments, income taxes:(2,025)(3,039)26(133)3327541,286
Other undisclosed income from continuing operations before income taxes2,9613,571737661432354314
Income from continuing operations before income taxes:9365327635287641,1081,600
Income tax expense(219)(120)(166)(133)(472)(427)(604)
Income from continuing operations:717412597395292681996
Income from discontinued operations      1
Net income available to common stockholders, diluted:717412597395292681997

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:717412597395292681997
Other comprehensive income (loss)141(183)(204)395557(60)
Comprehensive income, net of tax, attributable to parent:858229393434347738937

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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