Navient Corporation NAVI Income Statement

Navient corporation (NAVI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Interest income:
Education loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
FFELP Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Private Education Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Cash and investments
78	93	105	108	107	97	81	67	53	43	35	28	24	22	18	15	11	8	7	7	8	9	12	14	15	17	0	0	0
Total interest income
4,426	4,673	4,872	4,947	4,970	4,908	4,798	4,697	4,540	4,383	4,253	4,152	4,110	4,146	4,175	4,213	4,249	4,295	4,365	4,420	4,531	4,730	4,937	5,145	5,307	5,377	0	0	0
Total interest expense
3,253	3,488	3,675	3,756	3,774	3,668	3,499	3,349	3,139	2,971	2,829	2,671	2,551	2,441	2,312	2,209	2,125	2,074	2,065	2,049	2,047	2,063	2,096	2,129	2,169	2,210	0	0	0
Net interest income
1,173	1,185	1,197	1,191	1,196	1,240	1,299	1,348	1,401	1,412	1,424	1,481	1,559	1,705	1,863	2,004	2,124	2,221	2,300	2,371	2,484	2,667	2,841	3,016	3,138	3,167	0	0	0
Less: provisions for loan losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: provisions for loan losses
-	-	294	315	-	370	393	413	406	426	419	420	425	429	462	479	567	581	603	620	587	647	680	747	783	839	0	0	0
Net interest income after provisions for loan losses
896	927	903	876	837	870	906	935	995	986	1,005	1,061	1,134	1,276	1,401	1,525	1,557	1,640	1,697	1,751	1,897	2,020	2,161	2,269	2,355	2,328	0	0	0
Other income (loss):
Servicing revenue
236	240	246	256	267	274	279	284	283	290	296	297	298	304	310	310	345	340	342	347	314	298	283	285	281	290	0	0	0
Asset recovery and business processing revenue
479	488	481	464	440	430	421	472	484	475	470	410	400	390	382	370	368	367	353	333	366	388	412	456	0	-	0	0	-
Other income (loss)
36	45	27	46	48	17	33	9	2	9	45	39	12	7	-34	-31	-3	17	48	81	83	82	82	57	72	100	0	0	0
Gains on sales of loans
-	-	-	0	-	-	-	-	-	-	0	-	-	-	-	-	-	-9	0	0	0	-	-	-	-	302	0	0	0
Contingency revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gains on debt repurchases
-	45	58	51	0	-	0	0	-	-	0	-	-	-	0	-	-	-	-	0	0	-	0	0	19	42	0	0	0
Gains (losses) on derivative and hedging activities, net
-208	22	-69	-71	-79	-38	48	71	86	22	-9	103	100	117	203	86	96	166	51	139	218	139	33	-202	-245	-268	0	0	0
Total other income (loss)
589	856	787	796	710	702	771	829	855	796	802	850	811	819	865	735	813	902	805	912	986	907	810	591	806	886	0	0	0
Salaries and benefits
484	488	500	501	501	507	517	524	523	519	504	498	498	500	501	485	476	467	456	459	460	479	490	509	521	504	0	0	0
Other operating expenses
495	496	501	504	464	477	474	450	480	447	448	444	444	451	439	455	459	451	442	406	391	508	588	631	652	538	0	0	0
Total operating expenses
979	984	1,001	1,005	965	984	991	974	1,003	966	952	942	942	951	940	940	935	918	898	865	851	987	1,078	1,140	1,173	1,042	0	0	0
Goodwill and acquired intangible asset impairment and amortization expense
28	30	33	50	45	47	43	26	26	23	32	38	38	36	27	18	15	12	8	7	6	9	11	13	14	13	0	0	0
Restructuring/other reorganization expenses
10	6	7	6	7	13	0	0	0	-	-	-	-	-	-	-	-	32	44	58	90	113	128	126	88	72	0	0	0
Total expenses
1,017	1,020	1,041	1,061	1,017	1,044	1,073	1,038	1,065	1,018	984	980	980	987	967	958	979	962	950	930	947	1,109	1,217	1,279	1,275	1,127	0	0	0
Income (loss) before income tax expense (benefit)
468	763	649	611	530	528	604	726	785	764	823	931	965	1,108	1,299	1,302	1,391	1,580	1,552	1,733	1,936	1,818	1,754	1,581	1,886	2,087	0	0	0
Income tax expense (benefit)
105	166	151	144	133	133	365	425	455	472	302	356	377	427	490	487	519	597	592	648	726	681	657	593	701	776	0	0	0
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	983	960	1,085	1,210	1,137	1,097	988	1,185	1,311	0	0	0
Income from discontinued operations, net of tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	58	68	105	106	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	816	873	984	963	1,085	1,210	1,137	1,154	1,055	1,290	1,417	0	0	0
Less: net income (loss) attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	-1	-1	0	0	0
Net income (loss)
363	597	498	467	397	395	239	301	330	292	521	575	588	681	809	816	873	984	963	1,085	1,210	1,137	1,154	1,055	1,291	1,418	0	0	0
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	11	17	20	20	0	0	0
Net income attributable to Navient Corporation common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,131	1,142	1,038	1,271	1,398	0	0	0
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.64	0.48	0.73	-	0.87	0.72	0.50	0.48	0.56	1.14	0.76
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.14	0.02	0.08	0.00
Basic earnings (loss) per common share
-0.53	0.78	0.64	0.65	0.52	0.29	0.44	0.31	0.48	-0.30	0.65	0.40	0.31	0.49	0.74	0.39	0.53	0.77	0.64	0.48	0.73	0.62	0.87	0.72	0.50	0.62	0.58	1.22	0.76
Average common shares outstanding
200	216	225	235	244	251	260	265	264	262	269	280	289	293	310	322	339	356	369	381	398	404	415	422	427	433	436	440	451
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.63	0.47	0.72	-	0.85	0.71	0.49	0.48	0.55	1.12	0.74
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.13	0.02	0.08	0.00
Diluted earnings (loss) per common share
-0.53	0.77	0.63	0.64	0.52	0.28	0.43	0.31	0.47	-0.29	0.64	0.39	0.30	0.48	0.73	0.38	0.53	0.76	0.63	0.47	0.72	0.61	0.85	0.71	0.49	0.61	0.57	1.20	0.74
Average common and common equivalent shares outstanding
200	219	228	238	247	254	264	269	269	269	274	285	296	301	316	328	343	361	375	387	405	412	423	430	435	445	445	448	458
Dividends per common share
0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
Private Education Loans [Member]
Total interest income
1,692	1,731	1,766	1,784	1,790	1,778	1,757	1,747	1,691	1,634	1,578	1,534	1,550	1,587	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Less: provisions for loan losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: provisions for loan losses
-	-	259	278	-	299	321	341	364	382	372	369	374	383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other Loans [Member]
Total interest income
-	2	5	6	6	6	3	4	9	13	17	17	13	9	7	6	6	7	0	0	0	-	9	10	11	11	0	0	0
FFELP Loans [Member]
Total interest income
2,655	2,847	2,996	3,049	3,067	3,027	2,957	2,879	2,787	2,693	2,623	2,573	2,523	2,528	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Less: provisions for loan losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: provisions for loan losses
-	-	34	36	-	70	72	72	42	42	43	46	46	43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-