Cash flow Nelnet, Inc.

Stocks

NNI

US64031N1081

Consumer Lending

Market Closed - NYSE Other stock markets 00:00:03 09/07/2026 +04			5-day change	1st Jan Change
131.81 ^USD	-0.71%		-2.13%	-0.86%

05-08	Nelnet Q1 Adjusted Earnings Fall, Revenue Rises	MT
05-08	Earnings Flash (NNI) Nelnet, Inc. Posts Q1 Adjusted EPS $1.94 per Share, vs. FactSet Est of $2.66	MT

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Published financial data: NELNET, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	524M	743M	1.11B	973M	851M
Interest Expense, Total	105M	166M	862M	664M	503M
Net Interest Income	419M	577M	248M	309M	348M
Loan Servicing Revenue	486M	535M	518M	482M	509M
Gain (Loss) on Sale of Loans & Receivables	18.72M	2.9M	39.67M	-1.64M	-
Gain (Loss) on Sale of Investments, Total (Rev)	39.31M	-25.89M	-121M	-4.73M	207M
Other Revenues, Total	381M	472M	557M	664M	688M
Revenues Before Provison For Loan Losses	1.34B	1.56B	1.24B	1.45B	1.75B
Provision For Loan Losses	-14.86M	46.44M	65.45M	94.1M	79.16M
Total Revenues	1.36B	1.52B	1.18B	1.35B	1.67B
Salaries And Other Employee Benefits	507M	590M	584M	568M	559M
Stock-Based Compensation (IS)	1.4M	1.7M	1.6M	1.6M	1.6M
Cost of Services Provided, Total	118M	175M	227M	258M	232M
Depreciation & Amortization - (IS) - (Collected)	73.74M	74.08M	79.12M	58.12M	33.57M
Other Operating Expenses	131M	151M	172M	229M	286M
Total Operating Expenses	832M	992M	1.06B	1.12B	1.11B
Operating Income	528M	524M	113M	240M	561M
EBT, Excl. Unusual Items	528M	524M	113M	240M	561M
Restructuring Charges	-	-	-7.8M	-8.7M	-
Impairment of Goodwill	-	-	-18.87M	-	-
Gain (Loss) on Sale of Investments	-4.6M	-6.56M	-2.06M	-537K	-13.34M
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-14.2M	-8.96M	-10.99M	-1.91M	-16.28M
Other Unusual Items	-6.78M	1.23M	815K	54K	-4.85M
EBT, Incl. Unusual Items	502M	509M	74.19M	229M	526M
Income Tax Expense	116M	113M	19.75M	52.67M	128M
Earnings From Continuing Operations	386M	396M	54.44M	176M	398M
Net Income to Company	386M	396M	54.44M	176M	398M
Minority Interest	7M	11.11M	37.1M	8.13M	30.13M
Net Income - (IS)	393M	407M	91.53M	184M	428M
Net Income to Common Incl Extra Items	393M	407M	91.53M	184M	428M
Net Income to Common Excl. Extra Items	393M	407M	91.53M	184M	428M
Per Share Items
Net EPS - Basic	10.2	10.83	2.45	5.02	11.79
Basic EPS - Continuing Operations	10.2	10.83	2.45	5.02	11.79
Basic Weighted Average Shares Outstanding	38.57M	37.6M	37.42M	36.64M	36.34M
Net EPS - Diluted	10.2	10.83	2.45	5.02	11.79
Diluted EPS - Continuing Operations	10.2	10.83	2.45	5.02	11.79
Diluted Weighted Average Shares Outstanding	38.57M	37.6M	37.42M	36.64M	36.34M
Normalized Basic EPS	8.73	9	2.88	4.31	10.47
Normalized Diluted EPS	8.73	9	2.88	4.31	10.47
Dividend Per Share	0.9	0.98	1.06	1.12	1.19
Payout Ratio	8.76	8.99	43.07	22.19	10.03
Supplemental Items
Effective Tax Rate - (Ratio)	23.07	22.22	26.63	23.04	24.32
Current Domestic Taxes	60.03M	78.63M	71.68M	74.14M	132M
Current Foreign Taxes	169K	-49K	32K	146K	-157K
Total Current Taxes	60.2M	78.58M	71.72M	74.29M	132M
Deferred Domestic Taxes	55.79M	34.62M	-51.98M	-21.5M	-3.94M
Deferred Foreign Taxes	-170K	20K	12K	-119K	-367K
Total Deferred Taxes	55.62M	34.64M	-51.96M	-21.62M	-4.31M
Normalized Net Income	337M	338M	108M	158M	381M
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	10.6M	14M	16.3M	11.9M	13M
Stock-Based Comp., Other (Total)	1.4M	1.7M	1.6M	1.6M	1.6M
Total Stock-Based Compensation	12M	15.7M	17.9M	13.5M	14.6M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	126M	118M	168M	195M	296M
Long-Term Investments - (FS Template)	1.42B	1.86B	1.49B	1.85B	1.95B
Trading Asset Securities, Total	-	-	500K	3.23M	614K
Loans and Lease Receivables - (FS Template)	18.46B	15.41B	13.39B	10.24B	10.23B
Other Receivables	171M	200M	264M	222M	278M
Gross Property Plant And Equipment	341M	372M	394M	404M	378M
Accumulated Depreciation	-207M	-234M	-254M	-298M	-293M
Net Property Plant And Equipment	134M	137M	141M	106M	85.21M
Goodwill	142M	177M	158M	158M	158M
Other Intangibles, Total	52.03M	63.5M	44.82M	36.33M	29.28M
Restricted Cash	1.07B	1.24B	857M	737M	678M
Deferred Tax Assets Long-Term (Collected)	27.3M	34.4M	21.8M	21M	72.6M
Deferred Charges Long-Term	-	-	-	21.1M	23.8M
Other Long-Term Assets, Total	80.4M	129M	206M	188M	263M
Total Assets	21.68B	19.37B	16.74B	13.78B	14.06B
Liabilities
Interest Bearing Deposits	710M	1.04B	1.17B	1.66B	2.13B
Deposits	710M	1.04B	1.17B	1.66B	2.13B
Accrued Expenses, Total	4.57M	36.05M	35.39M	21.05M	20.43M
Short-Term Borrowings	-	-	12.06M	53K	1.73M
Current Portion of Long-Term Debt	-	460M	208M	-	100K
Current Portion of Leases	5.82M	5.15M	4.5M	3.54M	4.74M
Long-Term Debt	17.63B	14.18B	11.61B	8.31B	7.78B
Long-Term Leases	10.08M	11.26M	9.79M	7.98M	8.29M
Current Income Taxes Payable	-	5.2M	-	-	-
Unearned Revenue Non Current	41.17M	56.65M	72.55M	88.28M	92.52M
Deferred Tax Liability Non-Current	118M	140M	75.3M	30.4M	38.2M
Other Non Current Liabilities	204M	243M	318M	353M	413M
Total Liabilities	18.73B	16.17B	13.51B	10.48B	10.49B
Common Stock, Total	379K	372K	371K	363K	359K
Additional Paid In Capital	1M	1.11M	3.1M	7.39M	1.48M
Retained Earnings	2.94B	3.23B	3.28B	3.34B	3.68B
Comprehensive Income and Other	9.3M	-37.37M	-20.12M	1.47M	2.62M
Total Common Equity	2.95B	3.2B	3.26B	3.35B	3.69B
Minority Interest	1.63M	943K	-40.71M	-50.64M	-109M
Total Equity	2.95B	3.2B	3.22B	3.3B	3.58B
Total Liabilities And Equity	21.68B	19.37B	16.74B	13.78B	14.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	37.78M	37.14M	37.04M	36.29M	35.87M
ECS Total Common Shares Outstanding	37.92M	37.13M	37.06M	36.29M	35.88M
Book Value / Share	77.83	86.16	88.03	92.3	102.74
Tangible Book Value	2.76B	2.96B	3.06B	3.16B	3.5B
Tangible Book Value Per Share	72.72	79.68	82.55	86.94	97.51
Tangible Book Value Per Share (As Reported)	-	-	-	-	-
Total Debt	17.65B	14.65B	11.84B	8.32B	7.8B
Net Debt	17.52B	14.54B	11.68B	8.12B	7.5B
Equity Method Investments, Total	155M	157M	102M	132M	233M
Full Time Employees	7.99K	8.24K	7.55K	6.74K	5.74K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	393M	407M	91.53M	184M	428M
Depreciation, Depletion & Amortization	50.74M	59.08M	62.12M	49.62M	26.57M
Amortization of Goodwill and Intangible Assets - (CF)	23M	15M	17M	8.5M	7M
Total Depreciation, Depletion & Amortization	73.74M	74.08M	79.12M	58.12M	33.57M
Amortization of Deferred Charges, Total	58.58M	102M	66.28M	74.41M	57.05M
Minority Interest in Earnings - (CF)	-7M	-11.11M	-37.1M	-8.13M	-30.13M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-26.7M	-70.38M	-70.49M	-52.41M	-106M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-96.62M	-207M	160M	-18.08M	-191M
Total Asset Writedown	16.36M	15.52M	29.54M	42.63M	29.61M
Provision for Credit Losses	-12.43M	46.44M	65.45M	54.61M	67.85M
Stock-Based Compensation (CF)	10.67M	14.18M	16.48M	12.04M	13.27M
Changes in Accrued Interest Receivable	-	-	-	-	-
Changes in Accrued Interest Payable	-24.14M	31.48M	-658K	-14.54M	-4.94M
Change in Other Net Operating Assets (Collected)	48.34M	-36.07M	135M	349M	115M
Other Operating Activities	111M	317M	-102M	-19.11M	9.09M
Cash from Operations	545M	684M	433M	663M	423M
Capital Expenditure	-58.95M	-59.42M	-74.05M	-20.9M	-26.24M
Cash Acquisitions	-	-34.04M	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-644M	-713M	70.14M	-519M	-312M
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.91B	3.09B	2.41B	2.95B	431M
Other Investing Activities, Total	-22.68M	-8.31M	-468M	-	263M
Cash from Investing	1.19B	2.27B	1.94B	2.41B	356M
Long-Term Debt Issued, Total	1.95B	1.3B	761M	30.65M	1.39B
Total Debt Issued	1.95B	1.3B	761M	30.65M	1.39B
Long-Term Debt Repaid, Total	-3.68B	-4.34B	-3.61B	-3.64B	-2.62B
Total Debt Repaid	-3.68B	-4.34B	-3.61B	-3.64B	-2.62B
Issuance of Common Stock	1.46M	1.63M	1.78M	1.95M	1.88M
Repurchase of Common Stock	-58.11M	-97.68M	-28.03M	-83.29M	-69.35M
Common Dividends Paid	-34.46M	-36.61M	-39.42M	-40.84M	-42.99M
Common & Preferred Stock Dividends Paid	-34.46M	-36.61M	-39.42M	-40.84M	-42.99M
Other Financing Activities, Total	332M	378M	207M	567M	596M
Cash from Financing	-1.49B	-2.79B	-2.7B	-3.17B	-737M
Foreign Exchange Rate Adjustments	-121K	-160K	16K	-437K	275K
Net Change in Cash	236M	163M	-332M	-94.47M	42.53M
Supplemental Items
Cash Interest Paid	152M	351M	781M	651M	472M
Cash Income Tax Paid (Refund)	18.66M	57.7M	47.59M	15.24M	68.86M
Net Debt Issued / Repaid	-1.74B	-3.04B	-2.84B	-3.61B	-1.22B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.74	1.93	0.3	1.15	2.86
Return On Equity %	13.84	12.88	1.7	5.41	11.59
Return on Common Equity	14.09	13.25	2.83	5.57	12.18
Margin Analysis
Gross Profit Margin %	92.01	88.89	81.32	81.33	86.47
SG&A Margin	38	39.35	50.25	42.34	33.73
Income From Continuing Operations Margin %	28.42	26.14	4.63	12.98	23.81
Net Income Margin %	28.93	26.87	7.78	13.58	25.61
Net Avail. For Common Margin %	28.93	26.87	7.78	13.58	25.61
Normalized Net Income Margin	24.78	22.33	9.16	11.66	22.75
Asset Turnover
Asset Turnover	0.06	0.07	0.07	0.09	0.12
Short Term Liquidity
Current Ratio	27.5	10.98	10.27	6.75	5.33
Quick Ratio	26.02	10.18	9.67	6.31	5.02
Operating Cash Flow to Current Liabilities	0.76	0.44	0.3	0.39	0.2
Long Term Solvency
Total Debt/Equity	597.63	457.94	367.63	252.23	217.93
Total Debt / Total Capital	85.67	82.08	78.62	71.61	68.55
LT Debt/Equity	597.43	443.41	360.65	252.12	217.74
Long-Term Debt / Total Capital	85.64	79.47	77.12	71.58	68.49
Total Liabilities / Total Assets	86.38	83.48	80.75	76.05	74.56
Leverage Ratio %	-	13.3	12.5	12.4	14.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	22.97	11.52	-22.38	15.7	23.46
Gross Profit, 1 Yr. Growth %	24.77	7.74	-28.99	15.83	31.28
Earnings From Cont. Operations, 1 Yr. Growth %	10.48	2.58	-86.26	256.61	126.44
Net Income, 1 Yr. Growth %	11.59	3.58	-77.53	104.89	132.81
Normalized Net Income, 1 Yr. Growth %	135.42	0.49	-68.15	46.55	142.55
Diluted EPS Before Extra, 1 Yr. Growth %	13	6.25	-77.42	109.22	134.74
Common Equity, 1 Yr. Growth %	12.13	8.39	1.99	2.95	10.03
Total Assets, 1 Yr. Growth %	-4.28	-10.63	-13.61	-17.56	2.08
Tangible Book Value, 1 Yr. Growth %	14.17	7.31	3.42	3.43	10.87
Cash From Operations, 1 Yr. Growth %	156.03	42.41	-36.71	53.44	-36.19
Capital Expenditures, 1 Yr. Growth %	-47.97	0.8	24.62	-71.77	25.52
Dividend Per Share, 1 Yr. Growth %	9.76	8.89	8.16	5.66	6.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.96	17.1	-6.96	-5.21	19.52
Gross Profit, 2 Yr. CAGR %	16.08	15.94	-12.53	-9.31	23.31
Earnings From Cont. Operations, 2 Yr. CAGR %	65.34	6.46	-62.46	-32.73	184.17
Net Income, 2 Yr. CAGR %	66.54	7.51	-51.76	-32.75	118.4
Normalized Net Income, 2 Yr. CAGR %	66.61	53.81	-43.43	-31.92	87.94
Diluted EPS Before Extra, 2 Yr. CAGR %	69.69	9.57	-51.02	-31.87	121.61
Common Equity, 2 Yr. CAGR %	11.2	10.24	5.14	2.33	6.43
Total Assets, 2 Yr. CAGR %	-4.38	-7.51	-12.13	-15.67	-8.27
Tangible Book Value, 2 Yr. CAGR %	13.29	10.69	5.35	3.27	7.08
Cash From Operations, 2 Yr. CAGR %	35.01	39.98	-5.06	-1.49	-1.05
Capital Expenditures, 2 Yr. CAGR %	-20.17	-27.58	12.08	-40.69	-40.48
Dividend Per Share, 2 Yr. CAGR %	10.28	9.32	8.53	6.9	5.95
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.94	13.8	2.1	-0.1	3.52
Gross Profit, 3 Yr. CAGR %	8.66	13.23	-1.54	-4.13	2.59
Earnings From Cont. Operations, 3 Yr. CAGR %	19.3	41.02	-46.2	-23.06	0.82
Net Income, 3 Yr. CAGR %	19.94	42.15	-36.2	-22.36	1.74
Normalized Net Income, 3 Yr. CAGR %	21.79	40.77	-9.01	-22.31	3.76
Diluted EPS Before Extra, 3 Yr. CAGR %	22.32	45.17	-35.28	-21.02	2.9
Common Equity, 3 Yr. CAGR %	8.6	10.26	7.42	4.31	4.84
Total Assets, 3 Yr. CAGR %	-4.92	-6.51	-9.59	-14.02	-10.13
Tangible Book Value, 3 Yr. CAGR %	10.68	11.26	8.21	4.6	5.75
Cash From Operations, 3 Yr. CAGR %	26.23	31.78	7.44	11.34	-14.76
Capital Expenditures, 3 Yr. CAGR %	-22.17	-13.72	-13.22	-29.22	-23.85
Dividend Per Share, 3 Yr. CAGR %	10.89	9.82	8.93	7.56	6.69
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.52	13.61	2.28	5.67	8.64
Gross Profit, 5 Yr. CAGR %	9.75	12.66	-0.37	3.49	7.61
Earnings From Cont. Operations, 5 Yr. CAGR %	8.45	19.61	-24.88	4.48	2.64
Net Income, 5 Yr. CAGR %	8.9	18.66	-16.68	5.35	3.98
Normalized Net Income, 5 Yr. CAGR %	6.7	17.14	-10.38	5.41	21.62
Diluted EPS Before Extra, 5 Yr. CAGR %	11.12	21.19	-15.18	7.24	5.5
Common Equity, 5 Yr. CAGR %	7.44	8.28	7.2	7.01	6.97
Total Assets, 5 Yr. CAGR %	-4.43	-4.16	-7.87	-10.29	-9.09
Tangible Book Value, 5 Yr. CAGR %	8.11	8.45	8.52	7.99	7.7
Cash From Operations, 5 Yr. CAGR %	12.66	16.25	9.83	17.27	3.91
Capital Expenditures, 5 Yr. CAGR %	-2.7	-17.56	-9.94	-25.73	-25.37
Dividend Per Share, 5 Yr. CAGR %	12.47	11.06	9.94	8.64	7.73