Navient corporation (NAVI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Operating activities
Net income (loss)

363

597

497

466

397

395

239

302

330

292

522

576

588

681

808

815

873

984

963

1,085

1,210

1,137

1,154

1,055

1,290

1,417

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

0

0

0

Gains on loans and investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

302

0

0

0

Gains on debt repurchases

-

45

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

0

0

0

Goodwill and acquired intangible asset impairment and amortization expense

28

30

31

49

45

47

45

28

26

23

31

37

38

36

27

18

15

12

9

7

6

9

10

13

14

13

0

0

0

Stock-based compensation expense

22

25

23

24

24

25

31

34

34

35

30

27

28

26

24

24

29

29

33

34

33

39

43

46

46

47

0

0

0

Mark-to-market losses on derivative and hedging activities, net

-526

-130

-352

-273

-145

-37

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provisions for loan losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gains on derivative and hedging activities

-

-

-

-

-

-

-

-

-

-

-

-

184

-

547

569

688

781

673

762

840

797

721

511

487

444

0

0

0

Provisions for loan losses

-

-

-

-

-

370

393

413

406

426

419

420

425

429

462

479

567

581

603

620

587

647

680

747

783

839

0

0

0

(Increase) decrease in restricted cash other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-68

-66

11

-44

76

64

11

53

-9

11

0

0

0

Decrease in accrued interest receivable

-82

-78

-17

-18

68

125

138

178

71

29

34

48

37

26

-77

-123

-98

-175

15

36

36

75

-142

-37

-22

68

0

0

0

Decrease in accrued interest payable

-109

-96

-63

-57

34

58

48

80

43

11

34

50

-12

-92

-108

-160

-127

-42

-12

-2

-18

-27

-70

-61

-94

-23

0

0

0

Decrease in other assets

-180

-191

-260

-309

-216

-321

-466

-546

-568

-485

-352

-310

-404

-628

-736

-1,056

-1,201

-1,046

-834

-693

-742

-846

-891

-681

-591

-625

0

0

0

Decrease in other liabilities

-39

-133

8

-115

-74

31

-37

-59

-95

-5

-155

-7

108

-6

79

-155

-267

-139

-210

-65

2

-51

23

165

82

-87

0

0

0

Total adjustments

921

422

819

714

647

745

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

1,858

0

0

0

Cash provided by operating activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

0

0

0

Total net cash provided by operating activities

1,284

1,019

1,316

1,180

1,044

1,140

0

0

0

-

-

-

-

-

-

-

1,753

-

1,508

1,606

1,605

1,664

2,183

2,159

2,029

2,000

0

0

0

Investing activities
Education loans acquired and originated

6,258

5,411

4,474

4,067

3,905

3,652

3,653

3,215

7,394

7,371

7,181

7,211

2,944

3,683

3,641

4,085

4,443

3,736

12,457

12,720

12,658

13,803

5,152

5,394

4,971

4,555

0

0

0

Proceeds from payments on education loans

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on education loans

-

-

-

-

-

13,973

14,263

14,327

14,367

14,738

15,003

15,216

15,107

14,923

14,560

14,347

14,260

13,933

13,812

13,360

12,638

12,321

11,696

11,503

11,504

11,763

0

0

0

Proceeds from sales of education loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

569

0

0

0

-

-

-

-

768

0

0

0

Other investing activities, net

132

-9

78

15

44

76

9

-63

108

88

73

136

61

7

-173

-98

-176

-131

71

3

-28

-123

-236

-137

-198

-144

0

0

0

Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

57

77

84

73

0

0

0

Proceeds from maturities of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

13

21

31

38

0

0

0

Purchases of other securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

785

400

335

347

375

0

0

0

Proceeds from sales and maturities of other securities

-

-

-

-

-

-

-

-

-

23

24

23

16

49

117

137

137

97

505

694

734

800

411

355

354

381

0

0

0

Purchase of subsidiaries, net of cash and restricted cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

342

0

0

0

-

-

-

-

-

-

-

-

Decrease in restricted cash variable interest entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-645

-562

-791

-1,119

0

0

0

Total net cash provided by investing activities

6,062

7,485

8,567

9,485

10,047

10,360

10,499

10,999

6,696

7,118

7,602

7,770

12,240

11,282

11,835

10,773

10,131

10,686

813

419

95

-1,653

7,453

6,833

8,018

9,210

0

0

0

Financing activities
Borrowings collateralized by loans in trust - issued

7,385

7,919

8,011

8,426

7,586

9,006

8,560

9,793

10,451

8,440

8,919

6,990

7,065

6,691

5,697

5,378

4,878

5,011

5,777

6,807

5,805

6,776

6,101

6,740

9,595

9,534

0

0

0

Borrowings collateralized by loans in trust - repaid

12,828

14,271

14,364

14,896

14,897

14,057

13,468

13,520

14,384

13,919

14,325

13,813

13,201

13,226

13,587

14,607

14,565

14,706

14,074

13,128

13,069

12,534

12,062

13,137

13,120

13,468

0

0

0

Long-term notes issued

0

-

-

-

-

-

-

-

-

1,613

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term notes repaid

2,638

1,950

2,354

2,441

2,810

2,947

1,627

2,089

1,064

1,464

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ED Conduit Program Facility, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,551

0

0

0

Other long-term notes issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,476

1,476

1,476

1,817

3,276

4,499

4,499

5,154

0

0

0

Other long-term notes repaid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,171

-

3,045

2,771

2,217

3,162

4,050

3,945

4,303

4,201

0

0

0

Other financing activities, net

-316

-189

-335

-265

-217

-162

-35

-42

38

-33

-322

-422

-481

-238

-125

41

-191

-245

212

-46

321

251

-185

29

-548

-895

0

0

0

Retail and other deposits, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

726

1,008

1,436

839

1,149

0

0

0

Common stock repurchased

668

440

0

0

0

-

-

-

-

440

620

655

665

755

745

720

845

945

943

935

700

600

632

465

601

600

0

0

0

Common dividends paid

139

147

152

157

163

166

169

170

172

176

180

187

193

201

212

221

231

240

242

246

248

249

254

257

260

264

0

0

0

Total net cash used in financing activities

-7,798

-9,985

-10,871

-11,247

-12,668

-10,884

-10,663

-11,617

-6,936

-8,342

-9,651

-9,329

-13,410

-13,103

-12,882

-12,636

-12,767

-12,445

-2,958

-2,047

-3,391

-3,758

-12,023

-10,683

-9,990

-9,920

0

0

0

Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents

-452

-1,481

-988

-582

-1,577

616

735

392

845

-66

-902

-353

192

-474

518

-237

-883

151

-637

-22

-1,691

-3,747

-2,387

-1,691

57

1,290

0

0

0

Cash disbursements made:
Interest

3,288

3,479

3,656

3,687

3,565

3,460

3,266

3,111

3,000

2,872

2,739

2,592

2,456

2,301

2,175

2,078

1,996

1,981

1,983

1,969

1,964

1,983

2,006

2,047

2,114

2,163

0

0

0

Income taxes paid

91

93

63

55

59

57

105

78

150

157

192

265

238

249

185

108

107

88

212

359

447

484

455

546

659

636

0

0

0

Income taxes received

-

-

-

-

-

6

0

0

0

-

-

-

-

4

0

0

0

-

-

-

-

108

108

72

20

20

0

0

0

Preferred stock dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

11

16

20

20

0

0

0

Student loans and other assets removed related to sale of Residual Interest in securitization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Borrowings removed related to sale of Residual Interest in securitization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,084

0

0

0

Asset-backed Securities, Securitized Loans and Receivables [Member]
Asset-backed commercial paper conduits, net

724

-907

-1,189

-1,461

-2,335

-2,833

-4,584

-6,179

-2,281

-2,363

0

0

0

-

-

-

-

-

0

0

0

-

-2,997

-3,350

4,733

3,242

0

0

0