Overview
Nelnet
Nelnet is a diverse, innovative company with a purpose to serve others and a vision to make dreams possible. The largest operating businesses engage in loan servicing and education technology, services, and payment processing, and the company also has a significant investment in communications. A significant portion of the company's revenue is net interest income earned on a portfolio of federally insured student loans. The company also makes investments
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Read More to further diversify both within and outside of its historical core education-related businesses including, but not limited to, investments in early-stage and emerging growth companies, real estate, and renewable energy (solar). Substantially all of its revenue comes from the US customers.
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Read More to further diversify both within and outside of its historical core education-related businesses including, but not limited to, investments in early-stage and emerging growth companies, real estate, and renewable energy (solar). Substantially all of its revenue comes from the US customers.
Read Less
Jeffrey R Noordhoek
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Nondepository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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Personal credit institutions
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Modelled
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Actual
$2.14 billion
Actual
20.31%
104.89%
$13,777
DEC
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NYSE:NNI
Contacts
Get in Touch with 5 Principals* and 1,538 Contacts
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Jeffrey R NoordhoekChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$2.14 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $663 | $432 | $683 |
| Net Investing Cash | $2,413 | $1,939 | $2,273 |
| Net Financing Cash | -$3,170 | -$2,703 | -$2,792 |
| Net Change in Cash | -$94 | -$332 | $164 |
| Cash at Beginning of Period | $1,025 | $1,358 | $1,194 |
| Cash at End of Period | $931 | $1,025 | $1,358 |
| Capital Expenditure | -$21 | -$74 | -$59 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $195 | $168 | $118 |
| Accounts Receivable | $160 | $196 | $195 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $95 | $127 | $123 |
| Intangible Assets | $36 | $45 | $64 |
| Total Assets | $13,778 | $16,712 | $19,374 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $21 | $35 | $36 |
| Short-Term Debt | $943 | $1,422 | $1,132 |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $7,367 | $10,198 | $12,938 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $10,479 | $13,512 | $16,174 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $3,341 | $3,270 | $3,235 |
| Equity Summary | |||
| Total Equity | $3,350 | $3,254 | $3,199 |
| Shares Outstanding | 36,293,352 | 37,063,718 | 37,130,111 |