← NAVIENT CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $645.0m $228.0m $131.0m ($80.0m)
Net Income (Loss) Attributable to Parent $681.0m $292.0m $395.0m $597.0m $412.0m $717.0m $645.0m $228.0m $131.0m ($80.0m)
Net Income (Loss) Available to Common Stockholders, Basic $681.0m $292.0m $395.0m $597.0m $412.0m $717.0m $645.0m $228.0m $131.0m ($80.0m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $681.0m $292.0m $395.0m $597.0m $412.0m $717.0m $645.0m $228.0m $131.0m ($80.0m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $681.0m $292.0m — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $0 — — — — — — — — —
Amortization of Intangible Assets $29.0m $23.0m $31.0m $25.0m $21.0m $19.0m $14.0m $10.0m $8.0m $3.0m
Deferred Income Tax Expense (Benefit) $133.0m $395.0m $46.0m $77.0m $9.0m $53.0m $208.0m ($2.0m) $6.0m $2.0m
Share-based Payment Arrangement, Noncash Expense $26.0m $35.0m $25.0m $25.0m $18.0m $22.0m $19.0m $24.0m $23.0m $21.0m
Goodwill, Impairment Loss — — $0 — — — — — — —
Asset Impairment Charge — — — — — — $19.0m $10.0m $146.0m $3.0m
Gain (Loss) on Disposition of Assets for Financial Service Operations — $3.0m — — — — — — — —
Income Tax Expense (Benefit) $427.0m $472.0m $133.0m $166.0m $120.0m $219.0m $182.0m $85.0m $43.0m ($31.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets — — — ($191.0m) ($177.0m) ($145.0m) ($387.0m) ($52.0m) ($91.0m) ($58.0m)
Distributions paid to shareholders $201.0m $176.0m $166.0m $147.0m $123.0m $107.0m $91.0m $78.0m $70.0m $63.0m
Gain (Loss) on Sale of Derivatives ($88.0m) ($53.0m) — — — — — — — —
Goodwill $545.0m $701.0m $665.0m $665.0m $665.0m $671.0m $670.0m $670.0m $428.0m $428.0m
Operating Expenses $951.0m $966.0m $984.0m $984.0m $964.0m $1.2b $776.0m $800.0m $680.0m $421.0m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $155.0m ($61.0m) $79.0m $123.0m $113.0m $280.0m
Unrealized Gain (Loss) on Derivatives ($324.0m) $844.0m — — — — — — — —
Beginning Cash Position — — — — — — $3.6b $4.8b $2.8b $2.1b
Cash Flow From Continuing Financing Activities — — — — — — ($9.7b) ($10.0b) ($9.6b) ($3.2b)
Cash Flow From Continuing Investing Activities — — — — — — $10.6b $7.4b $8.5b $2.7b
Change In Account Payable — — — — — — $159.0m $29.0m ($31.0m) ($3.0m)
Change In Other Current Assets — — — — — — $387.0m $52.0m $91.0m $58.0m
Change In Other Current Liabilities — — — — — — ($266.0m) $105.0m ($196.0m) ($38.0m)
Change In Payable — — — — — — $159.0m $29.0m ($31.0m) ($3.0m)
Change In Payables And Accrued Expense — — — — — — $159.0m $29.0m ($31.0m) ($3.0m)
Change In Receivables — — — — — — ($147.0m) ($50.0m) $348.0m $76.0m
Change In Working Capital — — — — — — $133.0m $136.0m $212.0m $93.0m
Changes In Account Receivables — — — — — — ($147.0m) ($50.0m) $348.0m $76.0m
Changes In Cash — — — — — — $1.2b ($2.0b) ($690.0m) $1.0m
End Cash Position — — — — — — $4.8b $2.8b $2.1b $2.1b
Financing Cash Flow — — — — — — ($9.7b) ($10.0b) ($9.6b) ($3.2b)
Free Cash Flow — — — — — — $305.0m $676.0m $459.0m $441.0m
Gain Loss On Sale Of Business — — — — — — $0 $0 ($191.0m) $0
Investing Cash Flow — — — — — — $10.6b $7.4b $8.5b $2.7b
Net Business Purchase And Sale — — — — — — $0 $0 $359.0m $25.0m
Operating Gains Losses — — — — — — ($590.0m) $155.0m ($166.0m) $124.0m
Purchase Of Business — — — — — ($16.0m) $0 $0 — —
Repurchase Of Capital Stock — — — — — — ($400.0m) ($310.0m) ($179.0m) ($111.0m)
Sale Of Business — — — — — — $0 $0 $359.0m $25.0m
Stock Based Compensation — — — — — — $19.0m $24.0m $23.0m $21.0m
Gain (Loss) on Derivative Instruments, Net, Pretax $117.0m $22.0m ($38.0m) $22.0m ($256.0m) $64.0m $171.0m $11.0m $70.0m ($30.0m)
Gain (Loss) on Sales of Loans, Net — — — $16.0m — $78.0m — $0 — —
Net Cash Provided by (Used in) Operating Activities $1.4b $1.2b $1.1b $1.0b $987.0m $702.0m $305.0m $676.0m $459.0m $441.0m
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired — $216.0m — — — $16.0m — $0 — —
Payments for (Proceeds from) Other Investing Activities ($35.0m) $87.0m $76.0m ($9.0m) $90.0m ($68.0m) ($96.0m) ($5.0m) $6.0m $13.0m
Net Other Investing Changes — — — — — — $96.0m $5.0m ($6.0m) ($13.0m)
Net Cash Provided by (Used in) Investing Activities $11.4b $7.5b $10.4b $7.5b $6.4b $6.7b $10.6b $7.4b $8.5b $2.7b
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $1.6b $495.0m — — — — — — —
Issuance Of Debt — — — — — — $3.3b $2.4b $1.1b $2.8b
Long Term Debt Issuance — — — — — — $3.3b $2.4b $1.1b $2.8b
Net Issuance Payments Of Debt — — — — — — ($9.3b) ($9.6b) ($9.3b) ($3.1b)
Net Long Term Debt Issuance — — — — — — ($9.3b) ($9.6b) ($9.3b) ($3.1b)
Repayments of Long-term Debt — $1.5b $2.9b $1.9b — — — — — —
Long Term Debt Payments — — — — — — ($12.6b) ($11.9b) ($10.4b) ($5.9b)
Repayment Of Debt — — — — — — ($12.6b) ($11.9b) ($10.4b) ($5.9b)
Net Common Stock Issuance — — — — — — ($400.0m) ($310.0m) ($179.0m) ($111.0m)
Payments for Repurchase of Common Stock $755.0m $440.0m $220.0m $440.0m $400.0m $600.0m $400.0m $310.0m $179.0m $111.0m
Payments of Ordinary Dividends, Common Stock $201.0m $176.0m $166.0m $147.0m $123.0m $107.0m $91.0m $78.0m $70.0m $63.0m
Common Stock Payments — — — — — — ($400.0m) ($310.0m) ($179.0m) ($111.0m)
Cash Dividends Paid — — — — — — ($91.0m) ($78.0m) ($70.0m) ($63.0m)
Common Stock Dividend Paid — — — — — — ($91.0m) ($78.0m) ($70.0m) ($63.0m)
Proceeds from (Payments for) Other Financing Activities ($244.0m) ($79.0m) ($162.0m) ($189.0m) ($192.0m) $197.0m $89.0m ($101.0m) ($79.0m) $88.0m
Net Other Financing Charges — — — — — — $89.0m ($101.0m) ($79.0m) $88.0m
Net Cash Provided by (Used in) Financing Activities ($13.1b) ($8.4b) ($10.9b) ($10.0b) ($7.7b) ($7.3b) ($9.7b) ($10.0b) ($9.6b) ($3.2b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($474.0m) ($66.0m) $616.0m ($1.5b) ($244.0m) $41.0m $1.2b ($2.0b) ($690.0m) $1.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($474.0m) ($66.0m) $5.3b $3.8b $3.5b $3.6b $4.8b $2.8b $2.1b $2.1b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $1.2b ($2.0b) ($690.0m) $1.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities $2.3b $2.9b $3.5b $3.5b $2.1b $1.4b $1.9b $3.4b $3.2b $2.6b
Income Taxes Paid, Net $249.0m $157.0m $57.0m $93.0m $74.0m $190.0m $30.0m $57.0m $38.0m $19.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.