Nelnet, Inc. (NNI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14713967706413063
Cash and cash equivalents13412167706413063
Short-term investments1318     
Total current assets:14713967706413063
Noncurrent Assets
Operating lease, right-of-use asset33
Property, plant and equipment348345248124804634
Intangible assets, net (including goodwill)238271177195197169123
Goodwill157157139147146126117
Intangible assets, net (excluding goodwill)82114384851436
Total noncurrent assets:619616425319278215157
Other undisclosed assets22,94324,46623,47226,79230,14529,75327,551
TOTAL ASSETS:23,70925,22123,96427,18030,48630,09827,771
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities21,31822,90621,79925,10928,59428,37226,327
Total liabilities:21,31822,90621,79925,10928,59428,37226,327
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3872,3042,1502,0621,8841,7251,444
Additional paid in capital6110 1725
Accumulated other comprehensive income3455255
Retained earnings2,3782,3002,1442,0561,8821,7031,413
Other undisclosed stockholders' equity attributable to parent0 00000
Stockholders' equity attributable to noncontrolling interest410169800
Other undisclosed stockholders' equity 0     
Total stockholders' equity:2,3912,3152,1652,0711,8921,7261,444
TOTAL LIABILITIES AND EQUITY:23,70925,22123,96427,18030,48630,09827,771

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6554276269267240 
Financial services revenue223215240240 
Other income6554535428
Cost of revenue(141)(99)(14)(14)(10)(63) 
Cost of goods and services sold(102)(76)   (53) 
Provision for loan, lease, and other losses(39)(23)
Financial services costs(14)(14)(10)(10) 
Gross profit:(76)(45)261255257178 
Operating expenses(763)(701)(496)(442)(469)(453)(429)
Other operating income (expense), net
(Other Expenses)
    (119)(150)150
Operating loss:(839)(746)(234)(186)(331)(425)(279)
Nonoperating income (expense)3427139888(10)
Investment income, nonoperating342713983026
Foreign currency transaction gain (loss), before tax     58(35)
Interest and debt expense(699)(670)(465)(388)(302)(267)(219)
Other undisclosed income from continuing operations before equity method investments, income taxes   9641,0461,073974
Income (loss) from continuing operations before equity method investments, income taxes:(1,504)(1,389)(687)399421470466
Other undisclosed income from continuing operations before income taxes1,6801,675914    
Income from continuing operations before income taxes:177286227399421470466
Income tax expense(35)(59)(65)(141)(152)(160)(161)
Net income:141228162258268309304
Net income (loss) attributable to noncontrolling interest1011(1)(0)(2)(2)
Net income available to common stockholders, diluted:142228173257268308303

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:141228162258268309304
Other comprehensive income (loss)(1)0(0)2(3)02
Comprehensive income:140228162260265310306
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1011(1)(0)(2)2
Other undisclosed comprehensive loss, net of tax, attributable to parent      (3)
Comprehensive income, net of tax, attributable to parent:141228173259265308305

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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