Navient corporation (NAVI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Interest income:
Education loans

-

-

-

-

-

-

5,349

-

FFELP Loans

-

-

-

-

-

-

-

3,251

Private Education Loans

-

-

-

-

-

-

-

2,481

Cash and investments

93

97

43

22

8

9

17

21

Total interest income

4,673

4,908

4,383

4,146

4,295

4,730

5,377

5,769

Total interest expense

3,488

3,668

2,971

2,441

2,074

2,063

2,210

2,561

Net interest income

1,185

1,240

1,412

1,705

2,221

2,667

3,167

3,208

Less: provisions for loan losses

258

370

426

429

581

647

839

1,080

Net interest income after provisions for loan losses

927

870

986

1,276

1,640

2,020

2,328

2,128

Other income (loss):
Servicing revenue

240

274

290

304

340

298

290

279

Asset recovery and business processing revenue

488

430

475

390

367

388

420

356

Other income (loss)

45

17

9

7

17

82

100

92

Gains on sales of loans

16

-

3

-

-9

-

302

-

Gains on debt repurchases

45

19

-3

1

21

-

42

145

Gains (losses) on derivative and hedging activities, net

22

-38

22

117

166

139

-268

-628

Total other income (loss)

856

702

796

819

902

907

886

244

Salaries and benefits

488

507

519

500

467

479

504

457

Other operating expenses

496

477

447

451

451

508

538

440

Total operating expenses

984

984

966

951

918

987

1,042

897

Goodwill and acquired intangible asset impairment and amortization expense

30

47

23

36

12

9

13

27

Restructuring/other reorganization expenses

6

13

29

-

32

113

72

11

Total expenses

1,020

1,044

1,018

987

962

1,109

1,127

935

Income (loss) before income tax expense (benefit)

763

528

764

1,108

1,580

1,818

2,087

1,437

Income tax expense (benefit)

166

133

472

427

597

681

776

498

Net income from continuing operations

-

-

-

-

983

1,137

1,311

939

Income from discontinued operations, net of tax expense

-

-

-

-

1

-

106

-2

Net income

-

-

-

-

984

1,137

1,417

937

Less: net income (loss) attributable to noncontrolling interest

-

-

-

-

0

0

-1

-2

Net income (loss)

597

395

292

681

984

1,137

1,418

939

Preferred stock dividends

-

-

-

-

-

6

20

20

Net income attributable to Navient Corporation common stock

-

-

-

-

984

1,131

1,398

919

Continuing operations

-

-

-

-

-

-

2.94

1.93

Discontinued operations

-

-

-

-

-

-

0.24

-

Basic earnings (loss) per common share

2.59

1.52

1.06

2.15

2.62

2.71

3.18

1.93

Average common shares outstanding

230

260

275

316

376

417

440

476

Continuing operations

-

-

-

-

-

-

2.89

1.90

Discontinued operations

-

-

-

-

-

-

0.23

-

Diluted earnings (loss) per common share

2.56

1.49

1.04

2.12

2.58

2.66

3.12

1.90

Average common and common equivalent shares outstanding

233

264

281

322

382

425

449

483

Dividends per common share

0.64

0.64

0.64

0.64

0.64

0.60

0.60

0.50

Private Education Loans [Member]
Total interest income

1,731

1,778

1,634

1,587

1,756

-

-

-

Less: provisions for loan losses

226

299

382

383

538

-

-

-

Other Loans [Member]
Total interest income

2

6

13

9

7

-

11

16

FFELP Loans [Member]
Total interest income

2,847

3,027

2,693

2,528

2,524

-

-

-

Less: provisions for loan losses

30

70

42

43

46

-

-

-