← NELNET INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loans and accrued interest receivable | $24.9b | $21.8b | $22.4b | $20.7b | $20.2b | $18.3b | $15.2b | $13.1b | $10.0b | $10.0b | |
| Cash and cash equivalents | $69.7m | $66.8m | $121.3m | $133.9m | $121.2m | $125.6m | $118.1m | $168.1m | $194.5m | $296.0m | |
| Other investments and notes receivable, net | — | — | — | — | — | — | — | $857.9m | $1.0b | $933.3m | |
| Accounts receivable (net of allowance for doubtful accounts of $2,758 and $2,877, respectively) | $44.0m | $54.4m | $59.5m | $115.4m | $76.5m | $163.3m | $194.9m | $196.2m | $159.9m | $193.5m | |
| Total investments and notes receivable | — | $240.5m | $249.4m | — | — | $1.6b | $2.1b | $1.9b | $2.2b | $2.3b | |
| Property and equipment, net | $123.8m | $248.1m | $344.8m | $348.3m | $123.5m | $119.4m | $122.5m | $127.0m | $95.2m | $75.5m | |
| Goodwill | $147.3m | $138.8m | $156.9m | $156.9m | $142.1m | $142.1m | $176.9m | $158.0m | $158.0m | $158.0m | |
| Intangible assets, net | $47.8m | $38.4m | $114.3m | $81.5m | $75.1m | $52.0m | $63.5m | $44.8m | $36.3m | $29.3m | |
| Other assets | $10.2m | $56.5m | $45.5m | $134.3m | $92.0m | $82.9m | $102.8m | $188.0m | $203.8m | $279.3m | |
| Investments at fair value | — | — | — | — | — | — | — | $1.0b | $1.2b | $1.4b | |
| Restricted cash | $981.0m | $688.2m | $701.4m | $650.9m | $553.2m | $742.0m | $945.2m | $488.7m | $332.1m | $357.6m | |
| Restricted cash - due to customers | $119.7m | $187.1m | $369.7m | $437.8m | $284.0m | $326.6m | $294.3m | $368.7m | $404.4m | $319.9m | |
| Bonds and notes payable | $24.7b | $21.4b | $22.2b | $20.5b | $19.3b | $17.6b | $14.6b | $11.8b | $8.3b | $7.8b | |
| Bank deposits | — | — | — | $0 | $54.6m | $344.3m | $691.3m | $743.6m | $1.2b | $1.7b | |
| Other liabilities | $197.5m | $198.3m | $256.1m | $303.8m | $312.3m | $379.2m | $461.3m | $481.8m | $483.2m | $558.2m | |
| Due to customers | $119.7m | $187.1m | $369.7m | $437.8m | $301.5m | $366.0m | $348.3m | $425.5m | $478.5m | $457.8m | |
| Net assets of consolidated education and other lending variable-interest entities | — | — | $1.4b | $1.1b | $1.2b | $1.2b | $1.1b | $986.9m | $869.2m | $861.2m | |
| Total Nelnet, Inc. shareholders' equity | $2.1b | $2.1b | $2.3b | $2.4b | $2.6b | $3.0b | $3.2b | $3.3b | $3.3b | $3.7b | |
| Total equity | $2.1b | $2.2b | $2.3b | $2.4b | $2.6b | $3.0b | $3.2b | $3.2b | $3.3b | $3.6b | |
| Total assets | $27.2b | $24.0b | $25.2b | $23.7b | $22.6b | $21.7b | $19.4b | $16.7b | $13.8b | $14.1b | |
| Accrued interest payable | $45.7m | $50.0m | $61.7m | $47.3m | $28.7m | $4.6m | $36.0m | $35.4m | $21.0m | $20.4m | |
| Accrued interest payable and other liabilities | — | — | — | — | ($83.1m) | ($36.3m) | ($145.3m) | ($135.7m) | ($88.2m) | ($133.5m) | |
| Total liabilities | $25.1b | $21.8b | $22.9b | $21.3b | $20.0b | $18.7b | $16.2b | $13.5b | $10.5b | $10.5b | |
| Preferred stock, $0.01 par value. Authorized 50,000,000 shares; no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock | $421k | $408k | $403k | $398k | $384k | $379k | $372k | $371k | $363k | $359k | |
| Additional paid-in capital | $420k | $521k | $622k | $5.7m | $3.8m | $1.0m | $1.1m | $3.1m | $7.4m | $1.5m | |
| Retained earnings | $2.1b | $2.1b | $2.3b | $2.4b | $2.6b | $2.9b | $3.2b | $3.3b | $3.3b | $3.7b | |
| Accumulated other comprehensive earnings, net | $4.7m | $4.6m | $3.9m | $3.0m | $6.1m | $9.3m | ($37.4m) | ($20.1m) | $1.5m | $2.6m | |
| Noncontrolling interests | $9.3m | $15.9m | $10.3m | $4.4m | ($3.7m) | $1.6m | $943k | ($40.7m) | ($50.6m) | ($108.6m) | |
| Total liabilities and equity | $27.2b | $24.0b | $25.2b | $23.7b | $22.6b | $21.7b | $19.4b | $16.7b | $13.8b | $14.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.