Nelnet, Inc. (NNI) financial statements (2021 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)

12/31/2020
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 investments163147139677064130
Cash and cash equivalents121134121677064130
Short-term investments421318    
Total current assets:163147139677064130
Noncurrent Assets
Operating lease, right-of-use asset1833
Property, plant and equipment1243483452481248046
Intangible assets, net (including goodwill)217238271177195197169
Goodwill142157157139147146126
Intangible assets, net (excluding goodwill)758211438485143
Total noncurrent assets:359619616425319278215
Other undisclosed assets22,12422,94324,46623,47226,79230,14529,753
TOTAL ASSETS:22,64623,70925,22123,96427,18030,48630,098
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities20,01821,31822,90621,79925,10928,59428,372
Total liabilities:20,01821,31822,90621,79925,10928,59428,372
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6322,3872,3042,1502,0621,8841,725
Additional paid in capital46110 17
Accumulated other comprehensive income6345525
Retained earnings2,6222,3782,3002,1442,0561,8821,703
Other undisclosed stockholders' equity attributable to parent00 0000
Stockholders' equity attributable to noncontrolling interest(4)41016980
Other undisclosed stockholders' equity  0    
Total stockholders' equity:2,6282,3912,3152,1652,0711,8921,726
TOTAL LIABILITIES AND EQUITY:22,64623,70925,22123,96427,18030,48630,098

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
Revenues586554276269267240
Financial services revenue223215240240
Other income586554535428
Cost of revenue(168)(141)(99)(14)(14)(10)(63)
Cost of goods and services sold(105)(102)(76)   (53)
Provision for loan, lease, and other losses(63)(39)(23)
Financial services costs(14)(14)(10)(10)
Gross profit:(111)(76)(45)261255257178
Operating expenses(781)(763)(701)(496)(442)(469)(453)
Other operating expense, net
(Other Expenses)
     (119)(150)
Operating loss:(892)(839)(746)(234)(186)(331)(425)
Nonoperating income2833427139888
Investment income, nonoperating2833427139830
Foreign currency transaction gain, before tax      58
Interest and debt expense(330)(699)(670)(465)(388)(302)(267)
Other undisclosed income from continuing operations before equity method investments, income taxes    9641,0461,073
Income (loss) from continuing operations before equity method investments, income taxes:(939)(1,504)(1,389)(687)399421470
Other undisclosed income from continuing operations before income taxes1,3891,6801,675914   
Income from continuing operations before income taxes:450177286227399421470
Income tax expense(101)(35)(59)(65)(141)(152)(160)
Net income:350141228162258268309
Net income (loss) attributable to noncontrolling interest31011(1)(0)(2)
Net income available to common stockholders, diluted:352142228173257268308

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:350141228162258268309
Other comprehensive income (loss)3(1)0(0)2(3)0
Comprehensive income:353140228162260265310
Comprehensive income (loss), net of tax, attributable to noncontrolling interest31011(1)(0)(2)
Comprehensive income, net of tax, attributable to parent:356141228173259265308

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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