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NELNET INC (NNI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Total interest income  742.8523.8619.7948.7924.3770.4760.7734.1
    Total interest expense  430.1176.2330.1699.3669.9465.2388.2302.2
Net interest income  312.7347.6289.6249.4254.4305.2372.6431.9
Provision for loan losses       14.513.510.2
Net interest income after provision for loan losses  312.7347.6289.6249.4254.4290.8359.1421.7
Total non-interest income  1,246.0977.11,110.4831.2820.8479.1524.2468.1
Pre-tax income before non-recurring items  512.4520.8742.1194.1274.9229.6406.8420.6
Non-recurring items  2.918.7291.617.4-11.42.98.0 
Pre-tax income  509.5502.1450.5176.7286.3226.7398.8420.6
Income taxes  113.2115.8100.935.558.864.9141.3152.4
            Tax rate  22.2%23.1%22.4%20.1%20.5%28.6%35.4%36.2%
Minority interest  -11.1-7.0-2.8-0.5-0.4-11.30.80.3
Net income  407.3393.3352.4141.8227.9173.2256.8268.0
            Net margin  26.1%29.7%25.2%12.6%20.2%22.5%29.1%30.1%
   
Basic EPS  $10.83$10.20$9.02$3.54$5.57$4.14$6.02$5.89
Diluted EPS  $10.83$10.20$9.02$3.54$5.57$4.14$6.02$5.89
   
Shares outstanding (basic)  37.638.639.140.040.941.842.745.5
Shares outstanding (diluted)  37.638.639.140.040.941.842.745.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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