Slm corp (SLMBP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating activities
Net income

578

487

288

250

274

193

257

215

53

530

-

-

-894

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provisions for credit losses

354

244

185

159

90

85

69

66

85

-

-

-

-

Valuation allowance on loans held for sale

-

-

-

-

-

-

-

0

0

-

-

-

-

Income tax expense

-9

-63

-58

-88

-77

-40

14

-11

-

-

-

-

-

Amortization of brokered deposit placement fee

17

13

9

10

10

10

9

8

10

-

-

-

-

Amortization of Secured Borrowing Facility upfront fee

1

1

1

1

2

0

0

-

-

-

-

-

-

Tax provision

-

-

-

-

-

-

-

-

-3

-

-

-

-

Amortization of FDIC fees

-

-

-

-

-

-

-

3

5

-

-

-

-

Amortization of deferred loan origination costs and loan premium/(discounts), net

-13

-10

-8

-5

-3

-1

-2

-5

-2

-

-

-

-

Net amortization of discount on investments

-2

-1

-2

-2

-1

-0

-7

-10

-11

-

-

-

-

Increase in tax indemnification receivable

-11

-92

-31

12

5

5

0

-

-

-

-

-

-

Depreciation of premises and equipment

15

14

11

9

7

6

5

6

17

-

-

-

-

Amortization of acquired intangibles

-

-

-

-

1

3

3

13

4

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-199

219

215

-6

Gains on loans and investments, net

-

-

-

-

-

-

-

-

-

6

-0

-186

95

Net income attributable to SLM Corporation

-

-

-

-

-

-

-

-

-

-

324

-212

-

Gains on student loan securitizations

-

-

-

-

-

-

-

-

-

-

-

-

367

Gains on debt repurchases

-

-

-

-

-

-

-

-

-

317

-

-

-

Goodwill and acquired intangible asset impairment and amortization expense

-

-

-

-

-

-

-

-

-

543

75

49

-

Stock-based compensation expense

31

32

28

22

21

24

15

19

22

40

51

86

74

Unrealized gains on derivatives and hedging activities, net

19

1

-7

-2

2

-1

0

-5

4

-

-

-

-

Gains on sales of loans held for sale

-

-

-

-

-

-

-

0

0

-

-

-

-

Gains on sale of securities

-

-

-

-

-

-

63

0

0

-

-

-

-

Loans and Leases Receivable, Gain (Loss) on Sales, Net

0

2

0

0

135

121

196

235

-

-

-

-

-

Losses on sales of securities, net

0

-1

0

0

-

-

-

-

-

-

-

-

-

Other adjustments to net income, net

-3

-7

-6

-4

0

0

-1

-

-

-

-

-

-

Gains on sale of loans to affiliates, net

-

-

-

-

-

-

-

-

21

-

-

-

-

Changes in operating assets and liabilities:
Net decrease in loans held for sale

-

-

-

-

0

6

3

61

10

-

-

-

-

Origination of loans held for sale

-

-

-

-

0

6

3

61

10

-

-

-

-

Decrease in restricted cash - other

-

-

-

-

-

-

-

-

-

-

-40

-96

-84

Increase in accrued interest receivable

963

864

703

582

377

331

281

168

48

4

-893

279

-1,046

Increase in non-marketable securities

10

5

0

-

-

-

-

-

-

-

-

-

-

Unrealized gains on derivative and hedging activities

-

-

-

-

-

-

-

-

-

478

-324

-559

-

Provisions for loan losses

-

-

-

-

-

-

-

-

-

1,419

1,118

719

1,015

Unrealized (gains)/losses on derivative and hedging activities, excluding equity forwards

-

-

-

-

-

-

-

-

-

-

-

-

-214

Unrealized (gains)/losses on derivative and hedging activities - equity forwards

-

-

-

-

-

-

-

-

-

-

-

-

1,558

Student loans originated for sale, net

-

-

-

-

-

-

-

-

-

9,648

19,099

7,787

0

Decrease (increase) in restricted cash and investments, net

-

-

-

-

0

0

-0

-

-

-22

-

-

-

Purchases of held-to-maturity and other securities

-

-

-

-

-

-

-

-

-

142

0

500

330

Proceeds from sales and maturities of held-to-maturity and other securities

-

-

-

-

-

-

-

-

-

136

79

407

435

Decrease in restricted cash and investments, net

-

-

-

-

-

-

-

-

-

-426

1,181

-918

1,293

Increase in other interest-earning assets

25

5

-27

-5

-17

72

0

-0

-

-

-

-

-

Decrease in tax indemnification receivable

0

-35

-59

-59

-59

-44

0

0

-

-

-

-

-

Adjustment for non-cash loss related to Retained Interest

-

-

-

-

-

-

-

-

-

-

329

425

279

Increase in other assets

3

64

72

47

18

24

2

7

25

-1,207

160

-304

-

Decrease in income tax payable, net

-30

-79

-19

-20

62

-221

56

88

52

-

-

-

-

Increase in accrued interest payable

13

25

14

3

0

2

0

2

-4

-77

-517

-200

214

Decrease in payable due to entity that is a subsidiary of Navient

-

-

-

-

-6

8

147

96

-0

-

-

-

-

Decrease (increase) in other assets, goodwill and acquired intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

836

Increase (decrease) in other liabilities

5

15

1

15

-14

-2

39

-0

-61

-144

-29

-155

-890

Total adjustments

-593

-590

-460

-449

-359

-630

-187

-116

24

-7,244

-

-

-

Cash provided by operating activities - continuing operations

-

-

-

-

-

-

-

-

-

-6,714

-16,428

-5,992

1,463

Cash (used in) operating activities - discontinued operations

-

-

-

-

-

-

-

-

-

22

514

301

-618

Total net cash provided by operating activities

-15

-102

-171

-199

-85

-436

70

99

78

-6,692

-15,913

-5,691

-48

Investing activities
Loans acquired and originated

6,138

6,493

5,243

4,698

4,366

4,094

4,387

4,251

161

-

-

-

-

Net proceeds from sales of loans held for investment

0

44

6

9

1,547

2,001

2,546

2,789

1,829

-

-

-

-

Proceeds from claim payments

42

54

49

64

111

127

82

4

-

-

-

-

-

Net decrease in loans held for investment

-4,094

-3,076

-2,065

-1,332

-913

-638

-490

-460

2,280

-

-

-

-

Purchases of available-for-sale securities

356

15

78

55

64

72

62

33

0

38,303

128,478

101,140

90,087

Increase in restricted cash and investment - variable interest entities

-

-

-

-

22

0

0

-

-

-

-

-

-

Student loans acquired and originated

-

-

-

-

-

-

-

-

-

4,611

9,403

23,337

39,303

Loans purchased from securitized trusts

-

-

-

-

-

-

-

-

-

-

5

1,243

4,448

Installment payments, claims and other

-

-

-

-

-

-

-

-

-

9,812

10,749

10,333

11,413

Proceeds from securitization of student loans treated as sales

-

-

-

-

-

-

-

-

-

-

-

-

-1,976

Proceeds from sales of student loans

-

-

-

-

-

-

-

-

-

588

788

496

1,013

Other loans - originated

-

-

-

-

-

-

-

-

-

-

2

1,138

3,396

Other loans - repaid

-

-

-

-

-

-

-

-

-

-

261

1,542

3,420

Other investing activities, net

-

-

-

-

-

-

-

-

-

96

703

60

358

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

100

328

73

Proceeds from sales and maturities of available-for-sale securities

50

77

40

38

33

10

597

27

11

39,465

127,951

102,436

89,353

Return of investment from Retained Interest

-

-

-

-

-

-

-

-

-

-

26

403

276

Purchase of subsidiaries, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

37

0

Cash provided by investing activities - continuing operations

-

-

-

-

-

-

-

-

-

7,275

180

-10,592

-

Cash provided by investing activities - discontinued operations

-

-

-

-

-

-

-

-

-

139

130

-74

-

Total net cash provided by (used in) investing activities

-2,306

-3,254

-3,160

-3,308

-1,847

-1,388

-731

-1,003

-600

7,414

311

-10,667

-31,256

Financing activities
Brokered deposit placement fee

27

25

12

4

4

15

12

16

2

-

-

-

-

Net increase in certificates of deposit

4,349

2,525

1,579

-434

611

340

535

395

-856

-

-

-

-

Net (decrease) increase in High Yield Savings Deposits

-

-

-

-

-

-

-

-

121

-

-

-

-

Net (decrease) increase in Retail Certificates of Deposit

-

-

-

-

-

-

-

-

40

-

-

-

-

Net increase in other deposits

923

918

508

2,412

324

1,207

1,126

1,109

588

-

-

-

-

Net increase (decrease) in other deposits

-

-

-

-

-

-

-

-

4

-

-

-

-

Issuance costs for collateralized borrowings

-

-

-

2

0

-

-

-

-

-

-

-

-

Borrowings collateralized by loans in securitization trusts - issued

1,105

1,891

1,440

1,775

620

0

0

-

-

5,917

12,997

17,986

23,943

Borrowings collateralized by loans in securitization trusts - repaid

1,042

888

534

187

41

0

0

-

-

10,636

5,689

6,299

6,429

Borrowings under Secured Borrowing Facility

297

300

300

376

1,210

0

0

-

-

-

-

-

-

Repayment of borrowings under Secured Borrowing Facility

8

300

300

876

710

0

0

-

-

-

-

-

-

Fees paid on Secured Borrowing Facility

-1

-1

-1

-1

-2

0

0

-

-

-

-

-

-

Issuance costs for unsecured debt offering

0

0

1

0

0

0

-

-

-

-

-

-

-

Unsecured debt issued

0

0

197

0

0

-

-

-

-

-

-

-

-

Redemption of Series A Preferred Stock

0

0

-165

0

0

-

-

-

-

-

-

145

968

Common stock dividends paid

51

0

0

-

-

-

-

-

-

-

-

-

102

Net decrease in deposits with entity that is a subsidiary of Navient

-

-

-

-

-

-5

-126

-12

21

-

-

-

-

Special cash contribution from Navient

-

-

-

-

-

472

0

0

-

-

-

-

-

Net capital contributions from entity that is a subsidiary of Navient

-

-

-

-

-

12

-164

20

-172

-

-

-

-

Excess tax (expense) benefit from the exercise of stock-based awards

-

-

-

-

-

3

6

0

0

-

-

0

30

Preferred stock dividends paid

16

15

15

21

19

12

0

0

-

72

115

110

36

Dividend paid to entity that is a subsidiary of Navient

-

-

-

-

-

-

120

420

100

-

-

-

-

Asset-backed commercial paper conduits, net

-

-

-

-

-

-

-

-

-

-2,060

-16,138

-1,649

21,073

ED Conduit Program facility, net

-

-

-

-

-

-

-

-

-

664

14,313

-

0

ED Participation Program, net

-

-

-

-

-

-

-

-

-

11,252

19,301

7,364

0

Other short-term borrowings issued

-

-

-

-

-

-

-

-

-

-

298

2,592

594

Other short-term borrowings repaid

-

-

-

-

-

-

-

-

-

168

1,434

1,512

2,342

Other long-term borrowings issued

-

-

-

-

-

-

-

-

-

1,464

4,333

3,563

1,567

Other long-term borrowings repaid

-

-

-

-

-

-

-

-

-

9,955

9,504

9,518

3,188

Other financing activities, net

-

-

-

-

-

-

-

-

-

-21

-751

284

901

Retail and other deposits, net

-

-

-

-

-

-

-

-

-

1,166

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

0

5

2,125

Net settlements on equity forward contracts

-

-

-

-

-

-

-

-

-

-

-

-

-614

Common stock repurchased

167

0

0

-

-

-

-

-

-

-

-

-

2,222

Noncontrolling interest, net

-

-

-

-

-

-

-

-

-

-

-9

-6

-3

Net cash provided by (used in) financing activities

5,361

4,403

2,994

3,036

1,989

2,002

1,244

1,037

-9

-2,449

17,602

12,847

36,265

Net increase (decrease) in cash, cash equivalents and restricted cash

3,038

1,045

-336

-471

56

176

583

133

-531

-1,727

2,000

-3,512

4,960

Cash disbursements made for:
Interest

666

472

269

169

111

90

76

75

97

2,372

3,656

6,157

6,897

Income taxes paid

201

228

282

271

205

401

81

47

25

200

298

699

1,097

Income taxes refunded

0

13

1

0

25

3

0

0

-

628

-

-

-

Investing activity - Student loans and other assets acquired

-

-

-

-

-

-

-

-

-

25,638

-

-

-

Operating activity - Other assets acquired and other liabilities assumed, net

-

-

-

-

-

-

-

-

-

376

-

-

-

Financing activity - Borrowings assumed in acquisition of student loans and other assets

-

-

-

-

-

-

-

-

-

26,014

-

-

-