Segment Reporting (Details) - USD ($) $ in Thousands |
|
3 Months Ended |
6 Months Ended |
|
Jun. 04, 2025 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
Interest income: |
|
|
|
|
|
|
Loan interest |
|
$ 172,104
|
$ 202,129
|
$ 338,543
|
$ 418,853
|
|
Investment interest |
|
40,185
|
40,737
|
81,574
|
92,814
|
|
Total interest income |
|
212,289
|
242,866
|
420,117
|
511,667
|
|
Interest expense |
|
132,854
|
176,459
|
257,968
|
371,039
|
|
Net interest income |
|
79,435
|
66,407
|
162,149
|
140,628
|
|
Less provision for loan losses |
|
17,930
|
3,611
|
33,267
|
14,440
|
|
Net interest income after provision for loan losses |
|
61,505
|
62,796
|
128,882
|
126,188
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
0
|
0
|
0
|
0
|
|
Other, net |
|
22,976
|
14,020
|
46,670
|
18,103
|
|
Gain (loss) on sale of loans, net |
|
0
|
(1,438)
|
909
|
(1,579)
|
|
Gain on partial redemption of ALLO investment |
$ 175,000
|
175,044
|
0
|
175,044
|
0
|
|
Derivative settlements, net |
|
744
|
1,649
|
1,489
|
3,406
|
|
Derivative market value adjustments, net |
|
(3,866)
|
1,533
|
(10,190)
|
9,497
|
|
Total other income (expense), net |
|
461,177
|
266,270
|
776,955
|
577,179
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
55,739
|
48,490
|
113,247
|
111,328
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
134,699
|
139,634
|
272,922
|
283,509
|
|
Depreciation and amortization |
|
7,624
|
15,142
|
16,879
|
31,911
|
|
Reinsurance losses and underwriting expenses |
|
25,662
|
10,988
|
47,874
|
22,305
|
|
Postage Expense |
|
0
|
0
|
0
|
0
|
|
Servicing Fees |
|
0
|
0
|
0
|
0
|
|
Other expenses |
|
51,306
|
48,608
|
99,532
|
94,136
|
|
Intersegment expenses, net |
|
0
|
0
|
0
|
0
|
|
Total operating expenses |
|
219,291
|
214,372
|
437,207
|
431,861
|
|
Impairment expense and provision for beneficial interests |
|
10,288
|
7,776
|
11,879
|
7,813
|
|
Total expenses |
|
285,318
|
270,638
|
562,333
|
551,002
|
|
Income before income taxes |
|
237,364
|
58,428
|
343,504
|
152,365
|
|
Income tax (expense) benefit |
|
(59,510)
|
(14,753)
|
(84,521)
|
(37,936)
|
|
Net income |
|
177,854
|
43,675
|
258,983
|
114,429
|
|
Net (income) loss attributable to noncontrolling interests |
|
3,605
|
1,416
|
5,035
|
4,069
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
181,459
|
45,091
|
264,018
|
118,498
|
|
Total assets |
|
13,711,088
|
14,501,193
|
13,711,088
|
14,501,193
|
$ 13,777,753
|
Operating Segments |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
204,720
|
233,622
|
404,085
|
491,908
|
|
Interest expense |
|
134,738
|
182,401
|
261,118
|
382,803
|
|
Net interest income |
|
69,982
|
51,221
|
142,967
|
109,105
|
|
Less provision for loan losses |
|
17,930
|
3,611
|
33,267
|
14,440
|
|
Net interest income after provision for loan losses |
|
52,052
|
47,610
|
109,700
|
94,665
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
5,668
|
6,162
|
11,416
|
13,097
|
|
Other, net |
|
8,012
|
2,797
|
12,261
|
8,866
|
|
Gain (loss) on sale of loans, net |
|
0
|
(1,438)
|
909
|
(1,579)
|
|
Gain on partial redemption of ALLO investment |
|
0
|
0
|
0
|
0
|
|
Derivative settlements, net |
|
744
|
1,649
|
1,489
|
3,406
|
|
Derivative market value adjustments, net |
|
(3,866)
|
1,533
|
(10,190)
|
9,497
|
|
Total other income (expense), net |
|
249,466
|
236,664
|
522,865
|
529,988
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
41,689
|
40,418
|
91,369
|
89,028
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
111,407
|
115,278
|
226,759
|
236,082
|
|
Depreciation and amortization |
|
4,678
|
8,395
|
10,101
|
16,446
|
|
Reinsurance losses and underwriting expenses |
|
0
|
0
|
0
|
0
|
|
Postage Expense |
|
9,551
|
9,277
|
17,127
|
19,883
|
|
Servicing Fees |
|
7,926
|
8,734
|
15,504
|
17,918
|
|
Other expenses |
|
25,436
|
22,929
|
47,562
|
41,636
|
|
Intersegment expenses, net |
|
25,425
|
24,898
|
49,467
|
50,796
|
|
Total operating expenses |
|
184,423
|
189,511
|
366,520
|
382,761
|
|
Impairment expense and provision for beneficial interests |
|
4,977
|
5,911
|
6,487
|
5,911
|
|
Total expenses |
|
231,089
|
235,840
|
464,376
|
477,700
|
|
Income before income taxes |
|
70,429
|
48,434
|
168,189
|
146,953
|
|
Income tax (expense) benefit |
|
(16,908)
|
(11,607)
|
(40,343)
|
(35,237)
|
|
Net income |
|
53,521
|
36,827
|
127,846
|
111,716
|
|
Net (income) loss attributable to noncontrolling interests |
|
(23)
|
29
|
5
|
46
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
53,498
|
36,856
|
127,851
|
111,762
|
|
Total assets |
|
12,505,399
|
13,242,970
|
12,505,399
|
13,242,970
|
|
Operating Segments | Loan Servicing and Systems (LSS) |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
624
|
1,258
|
1,345
|
3,152
|
|
Interest expense |
|
0
|
0
|
0
|
0
|
|
Net interest income |
|
624
|
1,258
|
1,345
|
3,152
|
|
Less provision for loan losses |
|
0
|
0
|
0
|
0
|
|
Net interest income after provision for loan losses |
|
624
|
1,258
|
1,345
|
3,152
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
5,603
|
6,106
|
11,287
|
12,991
|
|
Other, net |
|
113
|
685
|
225
|
1,395
|
|
Gain (loss) on sale of loans, net |
|
0
|
0
|
0
|
0
|
|
Gain on partial redemption of ALLO investment |
|
0
|
0
|
0
|
0
|
|
Derivative settlements, net |
|
0
|
0
|
0
|
0
|
|
Derivative market value adjustments, net |
|
0
|
0
|
0
|
0
|
|
Total other income (expense), net |
|
126,440
|
115,843
|
252,977
|
250,638
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
1,845
|
196
|
3,478
|
196
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
65,549
|
70,631
|
135,123
|
147,353
|
|
Depreciation and amortization |
|
1,821
|
5,342
|
4,474
|
10,450
|
|
Reinsurance losses and underwriting expenses |
|
0
|
0
|
0
|
0
|
|
Postage Expense |
|
9,551
|
9,277
|
17,127
|
19,883
|
|
Servicing Fees |
|
|
|
|
|
|
Other expenses |
|
11,099
|
11,188
|
21,931
|
20,119
|
|
Intersegment expenses, net |
|
17,240
|
18,224
|
33,718
|
37,555
|
|
Total operating expenses |
|
105,260
|
114,662
|
212,373
|
235,360
|
|
Impairment expense and provision for beneficial interests |
|
0
|
0
|
0
|
0
|
|
Total expenses |
|
107,105
|
114,858
|
215,851
|
235,556
|
|
Income before income taxes |
|
19,959
|
2,243
|
38,471
|
18,234
|
|
Income tax (expense) benefit |
|
(4,790)
|
(538)
|
(9,233)
|
(4,376)
|
|
Net income |
|
15,169
|
1,705
|
29,238
|
13,858
|
|
Net (income) loss attributable to noncontrolling interests |
|
0
|
0
|
0
|
0
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
15,169
|
1,705
|
29,238
|
13,858
|
|
Total assets |
|
168,435
|
264,381
|
168,435
|
264,381
|
|
Operating Segments | Education Technology Services and Payments (ETSP) |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
5,417
|
5,715
|
12,356
|
13,580
|
|
Interest expense |
|
0
|
0
|
0
|
0
|
|
Net interest income |
|
5,417
|
5,715
|
12,356
|
13,580
|
|
Less provision for loan losses |
|
0
|
0
|
0
|
0
|
|
Net interest income after provision for loan losses |
|
5,417
|
5,715
|
12,356
|
13,580
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
65
|
56
|
129
|
106
|
|
Other, net |
|
0
|
0
|
0
|
0
|
|
Gain (loss) on sale of loans, net |
|
0
|
0
|
0
|
0
|
|
Gain on partial redemption of ALLO investment |
|
0
|
0
|
0
|
0
|
|
Derivative settlements, net |
|
0
|
0
|
0
|
0
|
|
Derivative market value adjustments, net |
|
0
|
0
|
0
|
0
|
|
Total other income (expense), net |
|
118,249
|
116,965
|
265,644
|
260,555
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
39,844
|
40,222
|
87,891
|
88,832
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
41,598
|
40,736
|
83,339
|
80,903
|
|
Depreciation and amortization |
|
2,505
|
2,712
|
4,936
|
5,395
|
|
Reinsurance losses and underwriting expenses |
|
0
|
0
|
0
|
0
|
|
Postage Expense |
|
|
|
|
|
|
Servicing Fees |
|
|
|
|
|
|
Other expenses |
|
9,904
|
8,600
|
18,952
|
16,158
|
|
Intersegment expenses, net |
|
6,273
|
4,811
|
11,877
|
9,612
|
|
Total operating expenses |
|
60,280
|
56,859
|
119,104
|
112,068
|
|
Impairment expense and provision for beneficial interests |
|
0
|
0
|
0
|
0
|
|
Total expenses |
|
100,124
|
97,081
|
206,995
|
200,900
|
|
Income before income taxes |
|
23,542
|
25,599
|
71,005
|
73,235
|
|
Income tax (expense) benefit |
|
(5,650)
|
(6,150)
|
(17,052)
|
(17,585)
|
|
Net income |
|
17,892
|
19,449
|
53,953
|
55,650
|
|
Net (income) loss attributable to noncontrolling interests |
|
0
|
29
|
45
|
46
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
17,892
|
19,478
|
53,998
|
55,696
|
|
Total assets |
|
533,317
|
478,077
|
533,317
|
478,077
|
|
Operating Segments | Asset Generation and Management |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
169,941
|
207,416
|
337,179
|
438,879
|
|
Interest expense |
|
120,066
|
171,632
|
234,369
|
362,537
|
|
Net interest income |
|
49,875
|
35,784
|
102,810
|
76,342
|
|
Less provision for loan losses |
|
11,133
|
(4,225)
|
24,144
|
2,230
|
|
Net interest income after provision for loan losses |
|
38,742
|
40,009
|
78,666
|
74,112
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
0
|
0
|
0
|
0
|
|
Other, net |
|
7,507
|
1,337
|
11,502
|
6,321
|
|
Gain (loss) on sale of loans, net |
|
0
|
(1,438)
|
909
|
(1,579)
|
|
Gain on partial redemption of ALLO investment |
|
0
|
0
|
0
|
0
|
|
Derivative settlements, net |
|
581
|
1,442
|
1,162
|
2,997
|
|
Derivative market value adjustments, net |
|
(2,165)
|
936
|
(5,961)
|
6,642
|
|
Total other income (expense), net |
|
5,923
|
2,277
|
7,612
|
14,381
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
0
|
0
|
0
|
0
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
1,469
|
1,113
|
2,690
|
2,308
|
|
Depreciation and amortization |
|
0
|
0
|
0
|
0
|
|
Reinsurance losses and underwriting expenses |
|
0
|
0
|
0
|
0
|
|
Postage Expense |
|
|
|
|
|
|
Servicing Fees |
|
7,102
|
8,541
|
14,013
|
17,492
|
|
Other expenses |
|
2,464
|
1,139
|
3,352
|
2,246
|
|
Intersegment expenses, net |
|
1,260
|
1,272
|
2,510
|
2,481
|
|
Total operating expenses |
|
12,295
|
12,065
|
22,565
|
24,527
|
|
Impairment expense and provision for beneficial interests |
|
4,977
|
5,911
|
6,487
|
5,911
|
|
Total expenses |
|
17,272
|
17,976
|
29,052
|
30,438
|
|
Income before income taxes |
|
27,393
|
24,310
|
57,226
|
58,055
|
|
Income tax (expense) benefit |
|
(6,569)
|
(5,835)
|
(13,725)
|
(13,933)
|
|
Net income |
|
20,824
|
18,475
|
43,501
|
44,122
|
|
Net (income) loss attributable to noncontrolling interests |
|
(23)
|
0
|
(40)
|
0
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
20,801
|
18,475
|
43,461
|
44,122
|
|
Total assets |
|
10,036,454
|
11,315,210
|
10,036,454
|
11,315,210
|
|
Operating Segments | Nelnet Bank |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
28,738
|
19,233
|
53,205
|
36,297
|
|
Interest expense |
|
14,672
|
10,769
|
26,749
|
20,266
|
|
Net interest income |
|
14,066
|
8,464
|
26,456
|
16,031
|
|
Less provision for loan losses |
|
6,797
|
7,836
|
9,123
|
12,210
|
|
Net interest income after provision for loan losses |
|
7,269
|
628
|
17,333
|
3,821
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
0
|
0
|
0
|
0
|
|
Other, net |
|
392
|
775
|
534
|
1,150
|
|
Gain (loss) on sale of loans, net |
|
0
|
0
|
0
|
0
|
|
Gain on partial redemption of ALLO investment |
|
0
|
0
|
0
|
0
|
|
Derivative settlements, net |
|
163
|
207
|
327
|
409
|
|
Derivative market value adjustments, net |
|
(1,701)
|
597
|
(4,229)
|
2,855
|
|
Total other income (expense), net |
|
(1,146)
|
1,579
|
(3,368)
|
4,414
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
0
|
0
|
0
|
0
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
2,791
|
2,798
|
5,607
|
5,518
|
|
Depreciation and amortization |
|
352
|
341
|
691
|
601
|
|
Reinsurance losses and underwriting expenses |
|
0
|
0
|
0
|
0
|
|
Postage Expense |
|
|
|
|
|
|
Servicing Fees |
|
824
|
193
|
1,491
|
426
|
|
Other expenses |
|
1,969
|
2,002
|
3,327
|
3,113
|
|
Intersegment expenses, net |
|
652
|
591
|
1,362
|
1,148
|
|
Total operating expenses |
|
6,588
|
5,925
|
12,478
|
10,806
|
|
Impairment expense and provision for beneficial interests |
|
0
|
0
|
0
|
0
|
|
Total expenses |
|
6,588
|
5,925
|
12,478
|
10,806
|
|
Income before income taxes |
|
(465)
|
(3,718)
|
1,487
|
(2,571)
|
|
Income tax (expense) benefit |
|
101
|
916
|
(333)
|
657
|
|
Net income |
|
(364)
|
(2,802)
|
1,154
|
(1,914)
|
|
Net (income) loss attributable to noncontrolling interests |
|
0
|
0
|
0
|
0
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
(364)
|
(2,802)
|
1,154
|
(1,914)
|
|
Total assets |
|
1,767,193
|
1,185,302
|
1,767,193
|
1,185,302
|
|
NFS Other Operating Segments |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
8,870
|
15,880
|
17,690
|
31,495
|
|
Interest expense |
|
1,428
|
2,606
|
2,198
|
5,024
|
|
Net interest income |
|
7,442
|
13,274
|
15,492
|
26,471
|
|
Less provision for loan losses |
|
0
|
0
|
0
|
0
|
|
Net interest income after provision for loan losses |
|
7,442
|
13,274
|
15,492
|
26,471
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
0
|
0
|
0
|
0
|
|
Other, net |
|
5,265
|
851
|
6,376
|
1,013
|
|
Gain (loss) on sale of loans, net |
|
0
|
0
|
0
|
0
|
|
Gain on partial redemption of ALLO investment |
|
0
|
0
|
0
|
0
|
|
Derivative settlements, net |
|
0
|
0
|
0
|
0
|
|
Derivative market value adjustments, net |
|
0
|
0
|
0
|
0
|
|
Total other income (expense), net |
|
31,377
|
15,702
|
57,175
|
28,644
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
0
|
0
|
0
|
0
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
539
|
374
|
1,017
|
732
|
|
Depreciation and amortization |
|
0
|
0
|
0
|
0
|
|
Reinsurance losses and underwriting expenses |
|
25,662
|
10,988
|
47,874
|
22,305
|
|
Postage Expense |
|
|
|
|
|
|
Servicing Fees |
|
|
|
|
|
|
Other expenses |
|
2,206
|
841
|
2,978
|
1,327
|
|
Intersegment expenses, net |
|
321
|
248
|
565
|
465
|
|
Total operating expenses |
|
28,728
|
12,451
|
52,434
|
24,829
|
|
Impairment expense and provision for beneficial interests |
|
0
|
0
|
81
|
0
|
|
Total expenses |
|
28,728
|
12,451
|
52,515
|
24,829
|
|
Income before income taxes |
|
10,091
|
16,525
|
20,152
|
30,286
|
|
Income tax (expense) benefit |
|
(2,395)
|
(3,935)
|
(4,779)
|
(7,209)
|
|
Net income |
|
7,696
|
12,590
|
15,373
|
23,077
|
|
Net (income) loss attributable to noncontrolling interests |
|
(114)
|
(129)
|
(238)
|
(249)
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
7,582
|
12,461
|
15,135
|
22,828
|
|
Total assets |
|
1,077,523
|
1,038,068
|
1,077,523
|
1,038,068
|
|
Corporate and Other Activities |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
2,661
|
2,646
|
4,973
|
6,461
|
|
Interest expense |
|
651
|
733
|
1,284
|
1,409
|
|
Net interest income |
|
2,010
|
1,913
|
3,689
|
5,052
|
|
Less provision for loan losses |
|
0
|
0
|
0
|
0
|
|
Net interest income after provision for loan losses |
|
2,010
|
1,913
|
3,689
|
5,052
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
0
|
0
|
0
|
0
|
|
Other, net |
|
9,603
|
10,372
|
27,840
|
8,224
|
|
Gain (loss) on sale of loans, net |
|
0
|
0
|
0
|
0
|
|
Gain on partial redemption of ALLO investment |
|
175,044
|
0
|
175,044
|
0
|
|
Derivative settlements, net |
|
0
|
0
|
0
|
0
|
|
Derivative market value adjustments, net |
|
0
|
0
|
0
|
0
|
|
Total other income (expense), net |
|
185,906
|
20,066
|
208,138
|
31,644
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
14,050
|
8,072
|
21,878
|
22,300
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
22,784
|
24,786
|
45,279
|
48,307
|
|
Depreciation and amortization |
|
2,946
|
6,748
|
6,778
|
15,464
|
|
Reinsurance losses and underwriting expenses |
|
0
|
0
|
0
|
0
|
|
Postage Expense |
|
|
|
|
|
|
Servicing Fees |
|
|
|
|
|
|
Other expenses |
|
11,695
|
12,842
|
27,281
|
26,243
|
|
Intersegment expenses, net |
|
(25,616)
|
(25,803)
|
(49,670)
|
(52,648)
|
|
Total operating expenses |
|
11,809
|
18,573
|
29,668
|
37,366
|
|
Impairment expense and provision for beneficial interests |
|
5,311
|
1,865
|
5,311
|
1,902
|
|
Total expenses |
|
31,170
|
28,510
|
56,857
|
61,568
|
|
Income before income taxes |
|
156,746
|
(6,531)
|
154,970
|
(24,872)
|
|
Income tax (expense) benefit |
|
(40,207)
|
788
|
(39,398)
|
4,511
|
|
Net income |
|
116,539
|
(5,743)
|
115,572
|
(20,361)
|
|
Net (income) loss attributable to noncontrolling interests |
|
3,838
|
1,516
|
5,461
|
4,272
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
120,377
|
(4,227)
|
121,033
|
(16,089)
|
|
Total assets |
|
541,471
|
778,549
|
541,471
|
778,549
|
|
Eliminations/ Reclassifications |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Total interest income |
|
(3,963)
|
(9,282)
|
(6,632)
|
(18,197)
|
|
Interest expense |
|
(3,963)
|
(9,282)
|
(6,632)
|
(18,197)
|
|
Net interest income |
|
0
|
0
|
0
|
0
|
|
Less provision for loan losses |
|
0
|
0
|
0
|
0
|
|
Net interest income after provision for loan losses |
|
0
|
0
|
0
|
0
|
|
Other income (expense): |
|
|
|
|
|
|
Intersegment revenue |
|
(5,668)
|
(6,162)
|
(11,416)
|
(13,097)
|
|
Other, net |
|
96
|
0
|
193
|
0
|
|
Gain (loss) on sale of loans, net |
|
0
|
0
|
0
|
0
|
|
Gain on partial redemption of ALLO investment |
|
0
|
0
|
0
|
0
|
|
Derivative settlements, net |
|
0
|
0
|
0
|
0
|
|
Derivative market value adjustments, net |
|
0
|
0
|
0
|
0
|
|
Total other income (expense), net |
|
(5,572)
|
(6,162)
|
(11,223)
|
(13,097)
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
0
|
0
|
0
|
0
|
|
Operating Expenses |
|
|
|
|
|
|
Salaries and benefits |
|
(30)
|
(804)
|
(134)
|
(1,611)
|
|
Depreciation and amortization |
|
0
|
0
|
0
|
0
|
|
Reinsurance losses and underwriting expenses |
|
0
|
0
|
0
|
0
|
|
Postage Expense |
|
(9,551)
|
(9,277)
|
(17,127)
|
(19,883)
|
|
Servicing Fees |
|
(7,926)
|
(8,734)
|
(15,504)
|
(17,918)
|
|
Other expenses |
|
11,969
|
11,996
|
21,711
|
24,928
|
|
Intersegment expenses, net |
|
(130)
|
657
|
(362)
|
1,387
|
|
Total operating expenses |
|
(5,668)
|
(6,162)
|
(11,416)
|
(13,097)
|
|
Impairment expense and provision for beneficial interests |
|
0
|
0
|
0
|
0
|
|
Total expenses |
|
(5,668)
|
(6,162)
|
(11,416)
|
(13,097)
|
|
Income before income taxes |
|
96
|
0
|
193
|
0
|
|
Income tax (expense) benefit |
|
0
|
0
|
0
|
0
|
|
Net income |
|
96
|
0
|
193
|
0
|
|
Net (income) loss attributable to noncontrolling interests |
|
(96)
|
0
|
(193)
|
0
|
|
Net income (loss) attributable to Nelnet, Inc. |
|
0
|
0
|
0
|
0
|
|
Total assets |
|
(413,305)
|
(558,394)
|
(413,305)
|
(558,394)
|
|
Loan interest |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
172,104
|
202,129
|
338,543
|
418,853
|
|
Loan interest | Operating Segments |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
172,104
|
202,129
|
338,543
|
418,853
|
|
Loan interest | Operating Segments | Loan Servicing and Systems (LSS) |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
0
|
0
|
0
|
0
|
|
Loan interest | Operating Segments | Education Technology Services and Payments (ETSP) |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
0
|
0
|
0
|
0
|
|
Loan interest | Operating Segments | Asset Generation and Management |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
157,300
|
193,707
|
311,768
|
403,335
|
|
Loan interest | Operating Segments | Nelnet Bank |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
14,804
|
8,422
|
26,775
|
15,518
|
|
Loan interest | NFS Other Operating Segments |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
0
|
0
|
0
|
0
|
|
Loan interest | Corporate and Other Activities |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
0
|
0
|
0
|
0
|
|
Loan interest | Eliminations/ Reclassifications |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Loan interest |
|
0
|
0
|
0
|
0
|
|
Investment interest |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
40,185
|
40,737
|
81,574
|
92,814
|
|
Investment interest | Operating Segments |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
32,616
|
31,493
|
65,542
|
73,055
|
|
Investment interest | Operating Segments | Loan Servicing and Systems (LSS) |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
624
|
1,258
|
1,345
|
3,152
|
|
Investment interest | Operating Segments | Education Technology Services and Payments (ETSP) |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
5,417
|
5,715
|
12,356
|
13,580
|
|
Investment interest | Operating Segments | Asset Generation and Management |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
12,641
|
13,709
|
25,411
|
35,544
|
|
Investment interest | Operating Segments | Nelnet Bank |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
13,934
|
10,811
|
26,430
|
20,779
|
|
Investment interest | NFS Other Operating Segments |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
8,870
|
15,880
|
17,690
|
31,495
|
|
Investment interest | Corporate and Other Activities |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
2,661
|
2,646
|
4,973
|
6,461
|
|
Investment interest | Eliminations/ Reclassifications |
|
|
|
|
|
|
Interest income: |
|
|
|
|
|
|
Investment interest |
|
(3,963)
|
(9,282)
|
(6,632)
|
(18,197)
|
|
Loan servicing and systems revenue |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
120,724
|
109,052
|
241,465
|
236,252
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
1,845
|
196
|
3,478
|
196
|
|
Loan servicing and systems revenue | Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
120,724
|
109,052
|
241,465
|
236,252
|
|
Loan servicing and systems revenue | Operating Segments | Loan Servicing and Systems (LSS) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
120,724
|
109,052
|
241,465
|
236,252
|
|
Loan servicing and systems revenue | Operating Segments | Education Technology Services and Payments (ETSP) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Loan servicing and systems revenue | Operating Segments | Asset Generation and Management |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Loan servicing and systems revenue | Operating Segments | Nelnet Bank |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Loan servicing and systems revenue | NFS Other Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Loan servicing and systems revenue | Corporate and Other Activities |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Loan servicing and systems revenue | Eliminations/ Reclassifications |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Education technology services and payments revenue |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
118,184
|
116,909
|
265,515
|
260,449
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
39,844
|
40,222
|
87,891
|
88,832
|
|
Education technology services and payments revenue | Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
118,184
|
116,909
|
265,515
|
260,449
|
|
Education technology services and payments revenue | Operating Segments | Loan Servicing and Systems (LSS) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Education technology services and payments revenue | Operating Segments | Education Technology Services and Payments (ETSP) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
118,184
|
116,909
|
265,515
|
260,449
|
|
Education technology services and payments revenue | Operating Segments | Asset Generation and Management |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Education technology services and payments revenue | Operating Segments | Nelnet Bank |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Education technology services and payments revenue | NFS Other Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Education technology services and payments revenue | Corporate and Other Activities |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Education technology services and payments revenue | Eliminations/ Reclassifications |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Reinsurance premiums earned |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
26,112
|
14,851
|
50,799
|
27,631
|
|
Reinsurance premiums earned | Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Reinsurance premiums earned | Operating Segments | Loan Servicing and Systems (LSS) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Reinsurance premiums earned | Operating Segments | Education Technology Services and Payments (ETSP) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Reinsurance premiums earned | Operating Segments | Asset Generation and Management |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Reinsurance premiums earned | Operating Segments | Nelnet Bank |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Reinsurance premiums earned | NFS Other Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
26,112
|
14,851
|
50,799
|
27,631
|
|
Reinsurance premiums earned | Corporate and Other Activities |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Reinsurance premiums earned | Eliminations/ Reclassifications |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Solar construction revenue |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
1,259
|
9,694
|
5,254
|
23,420
|
|
Cost of services and expenses: |
|
|
|
|
|
|
Cost of services |
|
14,050
|
8,072
|
21,878
|
22,300
|
|
Solar construction revenue | Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Solar construction revenue | Operating Segments | Loan Servicing and Systems (LSS) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Solar construction revenue | Operating Segments | Education Technology Services and Payments (ETSP) |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Solar construction revenue | Operating Segments | Asset Generation and Management |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Solar construction revenue | Operating Segments | Nelnet Bank |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Solar construction revenue | NFS Other Operating Segments |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
0
|
0
|
0
|
0
|
|
Solar construction revenue | Corporate and Other Activities |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
1,259
|
9,694
|
5,254
|
23,420
|
|
Solar construction revenue | Eliminations/ Reclassifications |
|
|
|
|
|
|
Other income (expense): |
|
|
|
|
|
|
Revenue |
|
$ 0
|
$ 0
|
$ 0
|
$ 0
|
|