Nelnet Inc
NYSE:NNI
Income Statement
Earnings Waterfall
Nelnet Inc
Revenue
|
2.1B
USD
|
Cost of Revenue
|
-1.1B
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-823.6m
USD
|
Operating Income
|
217.6m
USD
|
Other Expenses
|
-128m
USD
|
Net Income
|
89.6m
USD
|
Income Statement
Nelnet Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 098
N/A
|
1 207
+10%
|
1 073
-11%
|
1 136
+6%
|
1 151
+1%
|
1 168
+2%
|
1 176
+1%
|
1 131
-4%
|
1 175
+4%
|
1 153
-2%
|
1 094
-5%
|
1 149
+5%
|
1 227
+7%
|
1 212
-1%
|
1 240
+2%
|
1 216
-2%
|
1 197
-2%
|
1 349
+13%
|
1 507
+12%
|
1 644
+9%
|
1 702
+4%
|
1 710
+0%
|
1 703
0%
|
1 708
+0%
|
1 715
+0%
|
1 655
-4%
|
1 585
-4%
|
1 489
-6%
|
1 406
-6%
|
1 389
-1%
|
1 361
-2%
|
1 348
-1%
|
1 420
+5%
|
1 566
+10%
|
1 663
+6%
|
1 845
+11%
|
1 976
+7%
|
1 993
+1%
|
2 103
+6%
|
2 123
+1%
|
2 106
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(231)
|
(233)
|
(244)
|
(260)
|
(273)
|
(285)
|
(288)
|
(294)
|
(302)
|
(323)
|
(346)
|
(367)
|
(439)
|
(412)
|
(432)
|
(458)
|
(524)
|
(568)
|
(639)
|
(718)
|
(746)
|
(811)
|
(832)
|
(831)
|
(800)
|
(745)
|
(644)
|
(531)
|
(433)
|
(327)
|
(293)
|
(285)
|
(285)
|
(314)
|
(347)
|
(440)
|
(599)
|
(770)
|
(949)
|
(1 032)
|
(1 065)
|
|
Gross Profit |
867
N/A
|
975
+12%
|
830
-15%
|
876
+6%
|
878
+0%
|
884
+1%
|
888
+0%
|
837
-6%
|
872
+4%
|
831
-5%
|
748
-10%
|
783
+5%
|
787
+1%
|
800
+2%
|
808
+1%
|
758
-6%
|
673
-11%
|
781
+16%
|
868
+11%
|
926
+7%
|
956
+3%
|
900
-6%
|
872
-3%
|
877
+1%
|
915
+4%
|
910
-1%
|
941
+3%
|
959
+2%
|
973
+1%
|
1 061
+9%
|
1 068
+1%
|
1 063
0%
|
1 135
+7%
|
1 253
+10%
|
1 317
+5%
|
1 404
+7%
|
1 378
-2%
|
1 222
-11%
|
1 154
-6%
|
1 091
-6%
|
1 041
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(401)
|
(501)
|
(394)
|
(402)
|
(408)
|
(427)
|
(438)
|
(444)
|
(452)
|
(440)
|
(427)
|
(406)
|
(389)
|
(397)
|
(406)
|
(419)
|
(446)
|
(482)
|
(546)
|
(612)
|
(666)
|
(709)
|
(712)
|
(724)
|
(728)
|
(788)
|
(793)
|
(764)
|
(793)
|
(708)
|
(643)
|
(645)
|
(633)
|
(661)
|
(719)
|
(762)
|
(861)
|
(920)
|
(927)
|
(913)
|
(824)
|
|
Selling, General & Administrative |
(261)
|
(261)
|
(264)
|
(276)
|
(281)
|
(287)
|
(290)
|
(290)
|
(293)
|
(288)
|
(279)
|
(267)
|
(256)
|
(265)
|
(278)
|
(289)
|
(302)
|
(327)
|
(363)
|
(403)
|
(436)
|
(453)
|
(457)
|
(463)
|
(476)
|
(482)
|
(487)
|
(493)
|
(516)
|
(498)
|
(498)
|
(500)
|
(519)
|
(541)
|
(563)
|
(582)
|
(596)
|
(593)
|
(596)
|
(590)
|
(599)
|
|
Depreciation & Amortization |
(18)
|
(19)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(25)
|
(26)
|
(28)
|
(30)
|
(32)
|
(34)
|
(35)
|
(36)
|
(37)
|
(40)
|
(50)
|
(62)
|
(75)
|
(87)
|
(93)
|
(96)
|
(100)
|
(105)
|
(109)
|
(113)
|
(116)
|
(119)
|
(111)
|
(102)
|
(88)
|
(74)
|
(71)
|
(69)
|
(72)
|
(74)
|
(74)
|
(74)
|
(77)
|
(79)
|
|
Other Operating Expenses |
(122)
|
(222)
|
(111)
|
(106)
|
(106)
|
(117)
|
(125)
|
(129)
|
(132)
|
(124)
|
(119)
|
(107)
|
(99)
|
(98)
|
(92)
|
(93)
|
(105)
|
(106)
|
(121)
|
(135)
|
(143)
|
(163)
|
(159)
|
(161)
|
(146)
|
(197)
|
(192)
|
(155)
|
(159)
|
(99)
|
(44)
|
(58)
|
(41)
|
(50)
|
(87)
|
(109)
|
(190)
|
(253)
|
(257)
|
(246)
|
(145)
|
|
Operating Income |
466
N/A
|
474
+2%
|
436
-8%
|
474
+9%
|
470
-1%
|
457
-3%
|
450
-2%
|
394
-12%
|
421
+7%
|
391
-7%
|
321
-18%
|
377
+17%
|
399
+6%
|
403
+1%
|
403
0%
|
340
-16%
|
227
-33%
|
299
+32%
|
322
+7%
|
313
-3%
|
290
-7%
|
191
-34%
|
160
-16%
|
153
-4%
|
187
+22%
|
122
-35%
|
149
+22%
|
195
+31%
|
179
-8%
|
353
+97%
|
425
+20%
|
418
-2%
|
502
+20%
|
592
+18%
|
598
+1%
|
642
+7%
|
517
-20%
|
302
-42%
|
227
-25%
|
177
-22%
|
218
+23%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
4
|
6
|
6
|
3
|
52
|
40
|
37
|
35
|
(36)
|
(42)
|
10
|
5
|
4
|
10
|
10
|
(2)
|
(5)
|
(14)
|
(111)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
0
|
(6)
|
(16)
|
(17)
|
(51)
|
(49)
|
(35)
|
234
|
270
|
271
|
260
|
(10)
|
(12)
|
(19)
|
(8)
|
(17)
|
0
|
0
|
(16)
|
(32)
|
|
Pre-Tax Income |
466
N/A
|
474
+2%
|
436
-8%
|
474
+9%
|
470
-1%
|
457
-3%
|
450
-2%
|
394
-12%
|
421
+7%
|
391
-7%
|
321
-18%
|
377
+17%
|
399
+6%
|
403
+1%
|
403
0%
|
340
-16%
|
227
-33%
|
299
+32%
|
322
+7%
|
310
-4%
|
286
-7%
|
190
-34%
|
158
-17%
|
143
-9%
|
177
+24%
|
74
-58%
|
151
+104%
|
199
+32%
|
451
+126%
|
658
+46%
|
660
+0%
|
636
-4%
|
502
-21%
|
585
+17%
|
584
0%
|
644
+10%
|
510
-21%
|
300
-41%
|
221
-26%
|
147
-33%
|
74
-50%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(161)
|
(163)
|
(152)
|
(168)
|
(160)
|
(157)
|
(155)
|
(135)
|
(152)
|
(139)
|
(114)
|
(135)
|
(141)
|
(146)
|
(147)
|
(125)
|
(46)
|
(53)
|
(50)
|
(39)
|
(59)
|
(34)
|
(27)
|
(22)
|
(36)
|
(14)
|
(29)
|
(39)
|
(101)
|
(146)
|
(151)
|
(147)
|
(116)
|
(137)
|
(136)
|
(147)
|
(113)
|
(66)
|
(51)
|
(35)
|
(20)
|
|
Income from Continuing Operations |
304
|
310
|
284
|
307
|
309
|
300
|
295
|
259
|
268
|
252
|
207
|
242
|
258
|
257
|
256
|
215
|
181
|
246
|
271
|
271
|
228
|
156
|
131
|
121
|
141
|
60
|
122
|
160
|
350
|
512
|
509
|
489
|
386
|
448
|
448
|
497
|
396
|
234
|
171
|
112
|
54
|
|
Income to Minority Interest |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
1
|
6
|
8
|
11
|
10
|
6
|
3
|
0
|
(0)
|
(0)
|
(0)
|
1
|
(0)
|
(0)
|
(0)
|
3
|
4
|
5
|
7
|
7
|
8
|
9
|
12
|
11
|
13
|
20
|
19
|
37
|
|
Net Income (Common) |
300
N/A
|
306
+2%
|
280
-9%
|
302
+8%
|
305
+1%
|
296
-3%
|
291
-1%
|
255
-12%
|
265
+4%
|
249
-6%
|
204
-18%
|
239
+17%
|
254
+6%
|
256
+1%
|
259
+1%
|
221
-14%
|
171
-23%
|
235
+37%
|
255
+9%
|
252
-1%
|
225
-10%
|
154
-32%
|
129
-16%
|
120
-7%
|
140
+17%
|
59
-58%
|
120
+103%
|
158
+31%
|
348
+120%
|
509
+47%
|
506
-1%
|
488
-4%
|
387
-21%
|
448
+16%
|
449
+0%
|
500
+11%
|
400
-20%
|
242
-39%
|
187
-23%
|
128
-31%
|
90
-30%
|
|
EPS (Diluted) |
6.45
N/A
|
6.57
+2%
|
5.96
-9%
|
6.49
+9%
|
6.55
+1%
|
6.42
-2%
|
6.43
+0%
|
5.67
-12%
|
5.82
+3%
|
5.76
-1%
|
4.77
-17%
|
5.61
+18%
|
5.95
+6%
|
6.05
+2%
|
6.1
+1%
|
5.31
-13%
|
4.1
-23%
|
5.8
+41%
|
6.23
+7%
|
6.22
0%
|
5.57
-10%
|
3.84
-31%
|
3.26
-15%
|
3.03
-7%
|
3.54
+17%
|
1.49
-58%
|
3.09
+107%
|
4.09
+32%
|
8.9
+118%
|
13.16
+48%
|
12.98
-1%
|
12.64
-3%
|
10.03
-21%
|
11.85
+18%
|
11.92
+1%
|
13.36
+12%
|
10.63
-20%
|
6.51
-39%
|
4.9
-25%
|
3.42
-30%
|
2.39
-30%
|