Nelnet, Inc. (NNI) financial statements (2023 and earlier)

Company profile

Business Address 121 SOUTH 13TH ST
LINCOLN, NE 68508
State of Incorp. NE
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)

12/31/2021
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 investments126163147139677064
Cash and cash equivalents126121134121677064
Short-term investments 421318   
Total current assets:126163147139677064
Noncurrent Assets
Operating lease, right-of-use asset141833
Property, plant and equipment11912434834524812480
Intangible assets, net (including goodwill)194217238271177195197
Goodwill142142157157139147146
Intangible assets, net (excluding goodwill)527582114384851
Total noncurrent assets:328359619616425319278
Other undisclosed assets21,22522,12422,94324,46623,47226,79230,145
TOTAL ASSETS:21,67822,64623,70925,22123,96427,18030,486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities18,72520,01821,31822,90621,79925,10928,594
Total liabilities:18,72520,01821,31822,90621,79925,10928,594
Stockholders' equity
Stockholders' equity attributable to parent, including:2,9512,6322,3872,3042,1502,0621,884
Additional paid in capital146110 
Accumulated other comprehensive income9634552
Retained earnings2,9412,6222,3782,3002,1442,0561,882
Other undisclosed stockholders' equity attributable to parent000 000
Stockholders' equity attributable to noncontrolling interest2(4)4101698
Other undisclosed stockholders' equity   0   
Total stockholders' equity:2,9532,6282,3912,3152,1652,0711,892
TOTAL LIABILITIES AND EQUITY:21,67822,64623,70925,22123,96427,18030,486

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
Revenues79586554276269267
Financial services revenue223215240
Other income79586554535428
Cost of revenue(96)(168)(141)(99)(14)(14)(10)
Cost of goods and services sold(109)(105)(102)(76)   
Provision for loan, lease, and other losses12(63)(39)(23)
Financial services costs(14)(14)(10)
Gross profit:(18)(111)(76)(45)261255257
Operating expenses(726)(781)(763)(701)(496)(442)(469)
Other operating expense, net
(Other Expenses)
      (119)
Operating loss:(744)(892)(839)(746)(234)(186)(331)
Nonoperating income
(Investment Income, Nonoperating)
4128334271398
Interest and debt expense(176)(330)(699)(670)(465)(388)(302)
Other undisclosed income from continuing operations before equity method investments, income taxes     9641,046
Income (loss) from continuing operations before equity method investments, income taxes:(879)(939)(1,504)(1,389)(687)399421
Other undisclosed income from continuing operations before income taxes1,3811,3891,6801,675914  
Income from continuing operations before income taxes:502450177286227399421
Income tax expense(116)(101)(35)(59)(65)(141)(152)
Net income:386350141228162258268
Net income (loss) attributable to noncontrolling interest731011(1)(0)
Net income available to common stockholders, diluted:393352142228173257268

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:386350141228162258268
Other comprehensive income (loss)33(1)0(0)2(3)
Comprehensive income:389353140228162260265
Comprehensive income (loss), net of tax, attributable to noncontrolling interest731011(1)(0)
Comprehensive income, net of tax, attributable to parent:396356141228173259265

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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