NELNET, INC. NNI Balance Sheet

Nelnet, inc. (NNI)

Balance Sheet / Quarterly

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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets:
Loans and accrued interest receivable (net of allowance for loan losses of $208,868 and $61,914, respectively)
21,158	21,402	21,071	21,455	21,946	22,377	22,528	22,710	21,562	21,814	22,528	23,202	24,003	24,903	25,615	26,539	27,519	28,324	28,954	28,095	27,897	28,005	28,701	29,342	25,607	25,907	24,701	24,575	24,885	24,830	22,559	23,501	23,836	24,297	24,641	23,228	23,948
Non-federally insured student loans receivable - held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	-	-	-	-	-	-	-	0	-	84
Cash and cash equivalents:
Cash and cash equivalents - not held at a related party
16	13	20	14	11	9	10	20	17	6	11	8	9	7	7	9	7	11	27	32	38	37	32	29	18	8	6	7	7	7	5	9	6	7	10	12	6
Cash and cash equivalents - held at a related party
188	119	140	70	63	111	72	47	52	59	243	60	98	61	59	50	43	52	86	150	61	92	41	62	88	54	44	60	42	58	87	46	54	35	81	103	276
Total cash and cash equivalents
204	133	160	84	74	121	83	67	69	66	254	69	108	69	67	59	51	63	114	182	100	130	74	92	107	63	51	68	50	66	93	56	60	42	92	116	283
Investments and notes receivable
253	247	212	221	230	249	246	256	258	240	276	290	273	254	257	285	273	303	236	245	276	235	147	141	166	192	232	177	159	83	92	74	70	50	49	31	43
Restricted cash
675	650	667	-	760	701	723	741	727	688	725	780	787	980	872	964	924	832	895	857	866	850	867	862	705	735	674	679	814	815	905	912	705	614	601	610	668
Restricted cash - due to customers
219	437	309	279	216	369	188	154	128	187	105	136	93	119	91	132	85	144	100	117	71	118	72	98	180	167	93	84	47	96	98	63	38	109	52	64	88
Accrued interest receivable
-	-	736	724	715	679	624	591	489	430	396	395	392	391	381	380	384	383	380	364	355	351	352	360	305	314	303	296	305	307	267	286	296	308	331	302	318
Accounts receivable (net of allowance for doubtful accounts of $5,142 and $4,455, respectively)
63	115	67	65	76	59	76	59	61	37	70	60	45	43	53	41	45	51	64	60	55	50	59	58	62	56	62	66	73	63	71	67	64	63	58	51	52
Goodwill
156	156	156	156	156	156	153	153	158	138	147	147	147	147	147	147	147	146	126	126	126	126	126	126	117	117	117	117	117	117	117	117	117	117	117	117	117
Intangible assets, net
74	81	89	97	105	114	95	102	107	38	40	43	45	47	50	54	48	51	35	37	40	42	42	44	9	6	6	7	8	9	14	19	23	28	33	37	38
Property and equipment, net
351	348	342	337	335	344	339	328	299	248	208	181	143	123	107	96	88	80	46	48	51	45	44	35	33	33	33	34	31	31	32	33	34	34	33	34	30
Other assets
122	134	121	106	103	45	41	41	34	73	13	15	60	23	9	11	11	8	76	79	77	76	141	141	128	115	103	97	91	88	87	89	90	92	95	94	101
Fair value of derivative instruments
-	-	0	0	0	1	2	1	1	0	0	1	39	87	14	3	9	28	15	30	36	64	68	68	64	62	128	98	61	97	67	48	107	92	130	182	118
Total assets
23,280	23,708	23,936	24,219	24,721	25,220	25,104	25,209	23,898	23,964	24,768	25,323	26,141	27,193	27,669	28,715	29,589	30,419	31,045	30,246	29,955	30,098	30,698	31,371	27,487	27,770	26,536	26,303	26,645	26,607	24,408	25,269	25,446	25,852	26,236	24,871	25,893
Liabilities:
Bonds and notes payable
20,466	20,529	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bonds and notes payable
-	-	20,910	21,294	21,835	22,218	22,251	22,468	21,227	21,356	22,240	22,790	23,594	24,668	25,320	26,399	27,349	28,105	28,827	28,070	27,815	28,027	28,737	29,492	25,589	25,955	24,858	24,690	25,125	25,098	22,884	23,836	24,060	24,434	24,926	23,605	24,672
Accrued interest payable
43	47	52	56	62	61	60	63	54	50	47	47	46	45	42	39	38	31	31	28	27	25	25	24	22	21	14	14	15	14	16	18	19	19	16	17	19
Other liabilities
224	303	310	263	277	256	272	231	237	198	214	171	199	210	168	136	165	169	170	157	174	167	190	160	164	164	171	168	176	161	153	143	177	178	179	172	191
Due to customers
219	437	309	279	216	369	188	154	128	187	105	136	93	119	91	132	85	144	100	117	71	118	72	98	180	167	93	84	47	96	98	63	38	109	52	64	88
Derivative instruments
-	-	-	-	-	-	4	5	5	7	30	46	79	77	65	101	62	74	80	67	85	32	14	15	16	17	21	24	53	70	80	62	42	43	49	23	16
Total liabilities
20,954	21,317	21,582	21,893	22,391	22,906	22,777	22,922	21,653	21,799	22,638	23,192	24,013	25,122	25,688	26,809	27,702	28,526	29,209	28,441	28,174	28,372	29,041	29,790	25,973	26,326	25,159	24,983	25,418	25,442	23,232	24,124	24,338	24,786	25,224	23,882	24,987
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Equity:
Nelnet, Inc. shareholders' equity:
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock:
Additional paid-in capital
9	5	3	1	0	0	4	2	0	0	0	0	2	0	0	4	2	0	1	0	13	17	18	20	27	24	24	27	27	32	52	52	50	49	54	-	76
Retained earnings
2,310	2,377	2,343	2,317	2,321	2,299	2,307	2,271	2,231	2,143	2,106	2,110	2,100	2,056	1,971	1,894	1,873	1,881	1,830	1,801	1,762	1,702	1,633	1,552	1,482	1,413	1,347	1,289	1,192	1,129	1,124	1,092	1,056	1,017	957	-	831
Accumulated other comprehensive earnings
0	2	2	3	3	3	3	2	3	4	4	4	5	4	-0	-2	1	2	2	3	4	5	5	5	2	4	5	2	5	2	-1	-0	0	0	-	-	-
Employee notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	-0	-1	-1	-	-1
Total Nelnet, Inc. shareholders' equity
2,320	2,386	2,350	2,322	2,325	2,304	2,316	2,276	2,235	-	2,111	2,115	2,108	2,061	1,972	1,897	1,878	1,884	1,835	1,805	1,781	1,725	1,657	1,579	1,512	1,443	1,377	1,319	1,226	1,165	1,175	1,144	1,107	1,066	-	-	-
Noncontrolling interests
5	4	4	4	4	10	10	9	9	15	18	15	19	9	9	8	8	7	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total equity
2,325	2,391	2,354	2,326	2,330	2,314	2,327	2,286	2,245	2,165	2,130	2,130	2,127	2,070	1,981	1,906	1,886	1,892	1,835	1,805	1,781	1,725	1,657	1,580	1,513	1,443	1,377	1,319	1,226	1,165	1,176	1,144	1,107	1,066	1,011	988	906
Total liabilities and equity
23,280	23,708	23,936	24,219	24,721	25,220	25,104	25,209	23,898	23,964	24,768	25,323	26,141	27,193	27,669	28,715	29,589	30,419	31,045	30,246	29,955	30,098	30,698	31,371	27,487	27,770	26,536	26,303	26,645	26,607	24,408	25,269	25,446	25,852	26,236	24,871	25,893
Variable Interest Entity, Primary Beneficiary
Loans and accrued interest receivable (net of allowance for loan losses of $208,868 and $61,914, respectively)
21,180	21,399	21,069	21,498	21,962	22,359	22,536	22,759	21,633	21,909	22,704	23,382	24,186	-	-	-	-	-	-	-	-	-	28,831	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
0	0	736	724	716	679	625	593	490	431	397	395	391	-	-	-	-	-	-	-	-	-	351	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bonds and notes payable
20,625	20,742	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bonds and notes payable
-	-	21,143	21,276	21,775	22,146	22,337	22,565	21,450	21,702	22,459	23,179	24,002	-	-	-	-	-	-	-	-	-	29,084	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
108	162	212	202	189	163	214	261	186	168	282	284	298	-	-	-	-	-	-	-	-	-	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net assets of consolidated education and other lending variable interest entities
1,105	1,133	1,100	1,401	1,447	1,407	1,292	1,224	1,169	1,112	1,024	1,016	988	-	-	-	-	-	-	-	-	-	618	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable Interest Entities
Restricted cash
659	639	650	657	732	677	683	699	682	641	687	740	778	-	-	-	-	-	-	-	-	-	863	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable Interest Entity, Primary Beneficiary [Member]
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental information - assets and liabilities of concolidated education lending variable interest entities: [Member]
Fair value of derivative instruments
-	-	-	-	-	-	-	-	-	-	22	39	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A, $0.01 par value. Authorized 600,000,000 shares; issued and outstanding 28,582,032 shares and 28,458,495 shares, respectively
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B, convertible, $0.01 par value. Authorized 60,000,000 shares; issued and outstanding 11,271,609 shares
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class A [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class B [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-