NELNET, INC. NNI Cash Flow

Nelnet, inc. (NNI)

CashFlow / 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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Net (loss) income attributable to Nelnet, Inc.
59	141	121	130	155	227	254	257	237	173	223	261	258	256	241	206	251	267	258	294	298	307	304	282	308	302	288	262	202	177	186	196	192	204	0	0	0
Net income attributable to noncontrolling interests
0	-0	0	0	0	-0	-2	-5	-9	-11	-8	-5	-1	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0
Net (loss) income
59	141	121	131	155	227	251	251	227	161	215	255	257	257	242	206	251	268	258	295	299	309	306	284	310	304	289	263	203	178	186	197	192	204	0	0	0
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization, including debt discounts and loan premiums and deferred origination costs
194	192	190	189	188	184	174	160	146	137	138	127	125	122	116	125	124	123	120	118	116	107	99	89	81	79	89	97	108	116	0	0	0	-	-	-	-
Loan discount accretion
-35	-35	-37	-37	-38	-40	-43	-43	-44	-44	-42	-42	-41	-40	-41	-43	-43	-43	-43	-43	-44	-43	-42	-39	-37	-36	-39	-39	-42	-44	0	0	0	-	-	-	-
Provision for loan losses
108	39	31	31	26	23	21	17	17	14	13	13	12	13	13	10	10	10	10	9	9	9	9	12	16	18	18	18	32	21	0	0	0	-	-	0	0
Derivative market value adjustments
-66	-76	-122	-121	-89	1	53	80	85	26	83	109	64	59	26	-44	27	-15	-63	-47	-69	-20	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Derivative market value adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0
Unrealized foreign currency transaction adjustment
-	-	-	-	-	-	-	-	-	-45	-20	-11	25	11	-2	1	-22	43	51	89	107	58	29	-47	-65	-35	-51	-32	41	-19	49	144	65	32	0	0	0
Proceeds from termination of derivative instruments
0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Payments to) proceeds from clearinghouse - initial and variation margin, net
-77	-70	-66	-77	-36	40	63	65	139	76	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to terminate and/or amend derivative instruments, net of proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-12	-17	-34	-65	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0
Payments to enter into derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from sale of loans
35	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-2	-2	-2	-2	-0	-0	0	0	0	0	0	0	0	0	0	1	0	0	0
Loss from investments, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds to terminate and/or amend derivative instruments, net of payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	0	0	0
Gain from debt repurchases
-	-	-	-	-	-	0	0	-1	-	11	13	12	7	2	0	2	4	11	10	9	6	0	2	10	11	13	11	5	4	1	0	0	6	0	0	0
Gain from investments and notes receivable, net
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from equity securities, net of losses
-	-	-	-	-	-	-	-	-	-	-1	-0	-0	-0	0	0	2	2	2	2	1	8	12	12	12	5	3	5	5	5	0	0	0	-	-	-	-
Proceeds related to trading securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-7	-	-1	-8	5	3	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Change in investments - trading securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Deferred income tax benefit
-30	-7	-22	-25	-8	10	37	34	17	-1	19	32	29	27	7	-16	2	7	-9	17	17	19	10	-13	0	2	18	17	-11	-23	-20	-19	-15	-7	0	0	0
Non-cash compensation expense
7	6	6	6	6	6	5	4	4	4	4	4	4	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	0
Depreciation and amortization, including loan and debt premiums/discounts and deferred origination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Impairment expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	11	5	3	5	2	-3	-0	0	-1	4	1	0	-0	-8	-8	-7	-7	-3	-5	-2	-0	-3	-0	-1	-1	1	0	1	2	0	0	0
Increase in accrued interest receivable
51	54	112	133	226	248	227	195	96	39	15	15	8	7	1	-0	0	3	-0	-8	7	-5	-8	6	-14	-8	35	10	8	-0	-63	-35	-31	-29	0	0	0
Decrease (increase) in accounts receivable
-12	55	-10	5	13	-3	0	-10	3	4	6	10	-4	-10	-13	-20	-12	-1	5	2	-7	-6	-4	-9	-11	-7	-8	-0	9	-0	12	15	11	11	0	0	0
Decrease (increase) in other assets, net
-53	11	75	59	86	4	-15	-18	-8	42	12	9	3	5	2	0	3	-0	-1	0	-1	-2	-0	3	3	4	2	-0	-1	-2	1	4	3	3	0	0	0
(Increase) decrease in the carrying amount of ROU asset, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in accrued interest payable
-18	-14	-8	-6	7	11	12	16	7	4	4	7	7	14	11	10	11	5	5	4	3	3	2	1	-0	-0	-2	-3	-3	-4	-0	0	2	-0	0	0	0
Decrease in other liabilities
2	40	50	29	20	-12	-30	-41	-45	-2	11	4	6	2	-15	-14	-22	-8	-0	-8	-3	-20	1	-3	-9	4	2	12	15	16	5	-1	19	-6	0	0	0
Decrease in the carrying amount of lease liability, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in due to customers
3	68	-2	1	-35	59	83	17	34	67	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
294	298	220	181	73	270	278	218	332	322	278	299	243	300	342	374	366	391	401	392	398	357	447	390	390	387	241	291	283	299	359	303	329	310	0	0	0
Cash flows from investing activities:
Purchases of loans
2,099	2,008	2,095	2,326	3,629	3,922	3,329	2,791	886	325	268	263	261	319	429	735	1,453	2,189	2,537	2,548	4,211	3,753	3,907	4,077	2,020	2,392	4,597	4,205	4,359	3,777	1,031	1,044	917	976	0	0	0
Purchases of loans from a related party
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases Of Student Loans From Related Party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	0	0	0	0
Net proceeds from loan repayments, claims, and capitalized interest
3,209	3,462	3,466	3,517	3,229	3,322	3,327	3,249	3,273	3,363	3,347	3,617	3,818	3,735	3,733	3,642	3,598	3,668	3,821	3,941	3,954	3,700	3,304	3,170	2,850	2,852	2,881	3,057	3,204	3,112	2,956	2,334	2,202	2,235	0	0	0
Proceeds from sale of loans
287	196	0	0	0	-	-	-	-	-	-	-	-	44	44	44	44	3	54	54	54	50	32	32	32	43	26	58	85	107	118	86	58	121	0	0	0
Purchases of available-for-sale securities
30	1	9	9	18	46	56	89	103	128	137	120	133	94	160	146	114	100	56	62	123	192	166	223	203	219	231	269	249	190	155	53	27	0	0	0	0
Proceeds from sales of available-for-sale securities
22	0	12	39	49	71	73	121	140	156	185	152	137	144	146	106	139	95	90	93	143	241	250	261	189	103	105	175	172	165	112	28	6	0	0	0	0
Purchases of other investments
120	103	88	69	66	67	56	47	40	29	28	17	23	21	43	50	47	93	76	72	81	45	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Proceeds from beneficial interest in loan securitizations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other investments
71	70	56	31	15	23	26	23	19	11	9	14	14	15	14	26	28	29	32	20	20	15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
93	92	96	103	121	125	145	150	157	156	127	108	78	67	50	36	23	16	17	26	31	26	26	16	17	17	14	15	10	9	11	10	13	14	0	0	0
Business (acquisitions) sale, net of cash and restricted cash acquired
-	-	-	-	-	12	104	104	104	-4	0	0	0	-	-	-	-	-	-	-	-	-46	0	0	0	-	-	0	0	-	-	-	-8	-14	0	0	0
Decrease (increase) in restricted cash, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24	80	9	-67	14	7	96	51	25	15	-176	-147	-230	-233	108	201	304	268	-123	-87	0	0	0
Net cash provided by investing activities
1,243	1,524	1,396	1,208	-448	-732	-232	266	2,194	2,949	2,989	3,376	3,536	3,407	3,233	2,722	2,115	1,417	1,296	1,390	-418	-109	-154	-953	971	496	-2,074	-969	-1,263	-792	1,685	1,072	1,424	1,439	0	0	0
Cash flows from financing activities:
Payments on bonds and notes payable
5,030	4,698	4,682	3,477	3,144	3,113	3,873	4,497	5,175	5,403	4,816	4,711	4,405	4,134	3,882	3,711	3,766	4,368	4,103	4,440	3,745	3,632	4,007	3,436	4,256	5,153	5,808	6,462	5,995	4,444	3,454	2,782	2,647	3,045	0	0	0
Proceeds from issuance of bonds and notes payable
3,620	2,997	3,328	2,287	3,736	3,922	3,811	4,099	2,703	1,984	1,674	1,036	620	650	367	607	1,396	2,614	2,542	2,834	3,815	3,502	3,786	4,070	2,989	4,312	7,723	7,274	7,083	5,066	1,336	1,291	846	1,100	0	0	0
Payments on bonds payable due to a related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payments of debt issuance costs
16	14	13	13	14	13	13	9	7	6	8	7	6	5	3	3	6	11	9	11	15	14	15	14	11	13	23	24	23	18	7	6	2	2	0	0	0
Dividends paid
30	29	28	28	27	26	26	25	24	24	23	22	21	21	20	20	19	19	18	18	18	18	18	18	18	18	65	66	66	66	18	18	19	17	0	0	0
Repurchases of common stock
25	40	69	69	50	45	22	67	78	68	72	34	18	69	89	97	140	96	69	57	22	15	13	13	7	13	34	30	28	22	7	27	27	27	0	0	0
Proceeds from issuance of common stock
1	1	1	1	1	1	1	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
Acquisition of noncontrolling interest
-	-	-	-	-	13	13	13	13	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments received on employee stock notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	0	0	0	0
Issuance of noncontrolling interests
-	-	-	-	-	-	-	-	-	19	19	12	12	1	5	4	4	3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Distribution to noncontrolling interests
0	0	0	0	0	0	0	1	1	1	1	0	0	0	0	0	0	0	3	3	2	1	0	0	1	1	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-1,489	-1,793	-1,474	-1,300	501	711	-135	-507	-2,590	-3,500	-3,227	-3,726	-3,818	-3,578	-3,623	-3,220	-2,530	-1,875	-1,657	-1,693	12	-180	-269	586	-1,305	-886	1,790	690	969	516	-2,043	-1,436	-1,741	-1,991	0	0	0
Net decrease in cash, cash equivalents, and restricted cash
48	30	142	89	126	250	-89	-21	-64	-228	40	-50	-38	129	-47	-123	-49	-66	39	90	-7	67	23	23	57	-2	-42	12	-10	23	1	-60	12	-241	0	0	0
Supplemental disclosures of cash flow information:
Cash disbursements made for interest
605	657	684	686	654	591	528	466	416	390	368	342	323	301	282	262	241	228	220	221	215	210	198	188	191	190	204	214	221	234	231	225	213	206	0	0	0
Cash disbursements made (refunds and credits received) for income taxes, net
17	17	21	19	-30	0	18	42	125	96	99	105	115	115	130	136	148	147	141	139	142	155	158	168	162	154	142	127	117	114	122	126	103	133	0	0	0
Cash disbursements made for operating leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash operating, investing, and financing activity:
ROU assets obtained in exchange for lease obligations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of beneficial interest in consumer loan securitization
78	39	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to noncontrolling interest
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents:
Increase in other assets related to centrally cleared variation margin settlements on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-