2010 Q4 Form 10-K Financial Statement
#000125860212000024 Filed on February 28, 2012
Income Statement
| Concept | 2010 Q4 | 2009 | 2008 Q4 |
|---|---|---|---|
| Revenue | $150.9M | $620.2M | $353.0M |
| YoY Change | -39.42% | -58.38% | -46.33% |
| Cost Of Revenue | $54.50M | $384.9M | $234.9M |
| YoY Change | -3.2% | -62.5% | -39.83% |
| Gross Profit | $96.30M | $623.9M | $118.2M |
| YoY Change | -50.05% | 34.61% | -55.78% |
| Gross Profit Margin | 63.82% | 100.6% | 33.48% |
| Selling, General & Admin | $65.10M | $226.2M | $70.30M |
| YoY Change | 14.81% | -29.86% | 35.98% |
| % of Gross Profit | 67.6% | 36.26% | 59.48% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $19.50M | $116.0M | $33.70M |
| YoY Change | -30.11% | -18.08% | -10.85% |
| % of Gross Profit | 20.25% | 18.59% | 28.51% |
| Operating Expenses | $89.70M | $405.6M | -$986.8M |
| YoY Change | -124.31% | -164.47% | -23.01% |
| Operating Profit | $6.600M | $218.3M | $1.105B |
| YoY Change | -98.83% | -80.02% | -28.66% |
| Interest Expense | $39.50M | $384.9M | |
| YoY Change | |||
| % of Operating Profit | 598.48% | 176.33% | |
| Other Income/Expense, Net | $116.6M | $100.2M | -$1.033B |
| YoY Change | -127.24% | -109.98% | -31.46% |
| Pretax Income | $136.1M | $215.7M | $57.70M |
| YoY Change | 36.51% | 247.34% | 38.37% |
| Income Tax | $51.10M | $76.57M | $16.10M |
| % Of Pretax Income | 37.55% | 35.5% | 27.9% |
| Net Earnings | $85.10M | $139.1M | $42.40M |
| YoY Change | 22.98% | 201.79% | 42.76% |
| Net Earnings / Revenue | 56.39% | 22.43% | 12.01% |
| Basic Earnings Per Share | $2.79 | ||
| Diluted Earnings Per Share | $1.762M | $2.78 | $848.0K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 49.48M shares | ||
| Diluted Shares Outstanding | 49.69M shares |
Balance Sheet
| Concept | 2010 Q4 | 2009 | 2008 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $284.0M | $338.0M | $190.0M |
| YoY Change | -15.98% | 77.89% | 69.64% |
| Cash & Equivalents | $283.8M | $338.0M | $189.8M |
| Short-Term Investments | |||
| Other Short-Term Assets | |||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $24.09B | $23.97B | $25.46B |
| Other Receivables | $318.0M | $329.0M | $472.0M |
| Total Short-Term Assets | $24.69B | $24.64B | $26.12B |
| YoY Change | 0.21% | -5.67% | -5.0% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $30.57M | $27.00M | $39.00M |
| YoY Change | 13.23% | -30.77% | -30.36% |
| Goodwill | $117.1M | ||
| YoY Change | -18.51% | ||
| Intangibles | $38.71M | ||
| YoY Change | |||
| Long-Term Investments | $43.00M | ||
| YoY Change | |||
| Other Assets | $757.0M | $717.0M | $1.158B |
| YoY Change | 5.58% | -38.08% | 14.77% |
| Total Long-Term Assets | $1.206B | $1.240B | $1.738B |
| YoY Change | -2.75% | -28.65% | 3.95% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $24.69B | $24.64B | $26.12B |
| Total Long-Term Assets | $1.206B | $1.240B | $1.738B |
| Total Assets | $25.89B | $25.88B | $27.86B |
| YoY Change | 0.07% | -7.1% | -4.49% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $89.00M | $92.00M | $161.0M |
| YoY Change | -3.26% | -42.86% | 96.34% |
| Accrued Expenses | $19.00M | $20.00M | $82.00M |
| YoY Change | -5.0% | -75.61% | -36.43% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $108.0M | $112.0M | $243.0M |
| YoY Change | -3.57% | -53.91% | 15.17% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $24.67B | $24.81B | $26.79B |
| YoY Change | -0.54% | -7.4% | -4.72% |
| Other Long-Term Liabilities | $207.0M | $175.0M | $181.0M |
| YoY Change | 18.29% | -3.31% | -20.26% |
| Total Long-Term Liabilities | $24.88B | $24.98B | $26.97B |
| YoY Change | -0.4% | -7.38% | -4.85% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $108.0M | $112.0M | $243.0M |
| Total Long-Term Liabilities | $24.88B | $24.98B | $26.97B |
| Total Liabilities | $24.99B | $25.09B | $27.21B |
| YoY Change | -0.42% | -7.79% | -4.7% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $831.1M | ||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $907.0M | $785.0M | $643.0M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $25.89B | $25.88B | $27.86B |
| YoY Change | 0.07% | -7.1% | -4.49% |
Cashflow Statement
| Concept | 2010 Q4 | 2009 | 2008 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $85.10M | $139.1M | $42.40M |
| YoY Change | 22.98% | 201.79% | 42.76% |
| Depreciation, Depletion And Amortization | $19.50M | $116.0M | $33.70M |
| YoY Change | -30.11% | -18.08% | -10.85% |
| Cash From Operating Activities | $179.1M | $324.7M | $63.50M |
| YoY Change | 62.82% | 1.12% | 4133.33% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$5.300M | $1.204M | $0.00 |
| YoY Change | 657.14% | -123.61% | -100.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $2.499B | $1.815B | $1.016B |
| YoY Change | 52.31% | 70.39% | 836.41% |
| Cash From Investing Activities | $2.493B | $1.814B | $1.016B |
| YoY Change | 52.05% | 71.11% | 851.22% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $3.492M | ||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | -$19.00K | ||
| YoY Change | -93.67% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -2.705B | -$1.990B | -1.215B |
| YoY Change | 54.93% | 52.73% | 690.24% |
| NET CHANGE | |||
| Cash From Operating Activities | 179.1M | $324.7M | 63.50M |
| Cash From Investing Activities | 2.493B | $1.814B | 1.016B |
| Cash From Financing Activities | -2.705B | -$1.990B | -1.215B |
| Net Change In Cash | -32.60M | $148.3M | -135.2M |
| YoY Change | -957.89% | 89.93% | 197.8% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $179.1M | $324.7M | $63.50M |
| Capital Expenditures | -$5.300M | $1.204M | $0.00 |
| Free Cash Flow | $184.4M | $323.5M | $63.50M |
| YoY Change | 66.58% | -0.83% | 1884.37% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2010Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
52614000 | USD |
| CY2011Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
63654000 | USD |
| CY2010Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
76263000 | USD |
| CY2011Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
49245000 | USD |
| CY2010 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1468000 | USD |
| CY2009 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1661000 | USD |
| CY2011 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1301000 | USD |
| CY2010Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1221000 | USD |
| CY2011Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1284000 | USD |
| CY2011 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
| CY2009 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
32728000 | USD |
| CY2010 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
26599000 | USD |
| CY2010Q4 | us-gaap |
Assets
Assets
|
25893892000 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
25852217000 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
42570000 | USD |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
283801000 | USD |
| CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
338181000 | USD |
| CY2008Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
189847000 | USD |
| CY2009 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
148334000 | USD |
| CY2011 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-241231000 | USD |
| CY2010 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-54380000 | USD |
| CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2010Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2011Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
24434540000 | USD |
| CY2010Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
24672472000 | USD |
| CY2010 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
4273000 | USD |
| CY2009 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-19057000 | USD |
| CY2011 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-7726000 | USD |
| CY2011 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
29744000 | USD |
| CY2010 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
38444000 | USD |
| CY2009 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
38496000 | USD |
| CY2011Q4 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
|
92219000 | USD |
| CY2010Q4 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
|
118346000 | USD |
| CY2011Q4 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
|
43840000 | USD |
| CY2010Q4 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
|
16089000 | USD |
| CY2011 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
-17763000 | USD |
| CY2009 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
-3492000 | USD |
| CY2010 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
-34131000 | USD |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.79 | |
| CY2011 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.24 | |
| CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.82 | |
| CY2011 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.23 | |
| CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.81 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.78 | |
| CY2011 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
0 | USD |
| CY2009 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
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| CY2011 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
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| CY2010 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
33748000 | USD |
| CY2011Q4 | us-gaap |
Goodwill
Goodwill
|
117118000 | USD |
| CY2010 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
100000 | USD |
| CY2010Q4 | us-gaap |
Goodwill
Goodwill
|
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
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| CY2009 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
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| CY2010 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
80721000 | USD |
| CY2011 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
32706000 | USD |
| CY2009 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
35148000 | USD |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
302454000 | USD |
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
321787000 | USD |
| CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
113420000 | USD |
| CY2009 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
76573000 | USD |
| CY2011 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
117452000 | USD |
| CY2009 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
101491000 | USD |
| CY2010 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
105955000 | USD |
| CY2011 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
133180000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
11040000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
10571000 | USD |
| CY2009 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-45000 | USD |
| CY2009 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
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| CY2010 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
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| CY2011 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
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| CY2010 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
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| CY2009 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
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| CY2011 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
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Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
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Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
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| CY2011 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
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| CY2009 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2677000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
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| CY2010 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
11469000 | USD |
| CY2010 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
43265000 | USD |
| CY2009 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
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| CY2011 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
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| CY2010 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
43236000 | USD |
| CY2009 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-3876000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
7544000 | USD |
| CY2011Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
28374000 | USD |
| CY2010Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
38712000 | USD |
| CY2009 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
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Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
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Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
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Interest Expense
InterestExpense
|
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Interest Expense
InterestExpense
|
384862000 | USD |
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Interest Expense
InterestExpense
|
228289000 | USD |
| CY2009 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
206345000 | USD |
| CY2010 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
348371000 | USD |
| CY2011 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
343315000 | USD |
| CY2011 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
364565000 | USD |
| CY2010 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
371071000 | USD |
| CY2009 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
235345000 | USD |
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Interest Paid
InterestPaid
|
224837000 | USD |
| CY2009 | us-gaap |
Interest Paid
InterestPaid
|
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Interest Paid
InterestPaid
|
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Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
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| CY2010Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
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| CY2010Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
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| CY2011Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
308401000 | USD |
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Investment Income Interest
InvestmentIncomeInterest
|
5256000 | USD |
| CY2011 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3168000 | USD |
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Investment Income Interest
InvestmentIncomeInterest
|
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| CY2011Q4 | us-gaap |
Investments
Investments
|
50780000 | USD |
| CY2010Q4 | us-gaap |
Investments
Investments
|
43236000 | USD |
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Labor And Related Expense
LaborAndRelatedExpense
|
151285000 | USD |
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Labor And Related Expense
LaborAndRelatedExpense
|
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Labor And Related Expense
LaborAndRelatedExpense
|
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| CY2010Q4 | us-gaap |
Liabilities
Liabilities
|
24987259000 | USD |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
24786012000 | USD |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
25852217000 | USD |
| CY2010Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
25893892000 | USD |
| CY2011 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | USD |
| CY2010 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
55000000 | USD |
| CY2009 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
0 | USD |
| CY2010Q4 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
43626000 | USD |
| CY2011Q4 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
48482000 | USD |
| CY2011Q4 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
0 | USD |
| CY2010Q4 | us-gaap |
Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
|
84987000 | USD |
| CY2011 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nelnet, Inc. and its subsidiaries (“Nelnet” or the “Company”) is an education services company focused primarily on providing fee-based processing services and quality education-related products and services in four core areas: loan financing, loan servicing, payment processing, and enrollment services (education planning). These products and services help students and families plan, prepare, and pay for their education and make the administrative and financial processes more efficient for schools and financial organizations. In addition, the Company earns net interest income on a portfolio of federally insured student loans. Substantially all revenue from external customers is earned, and all long lived assets are located, in the United States.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company was formed as a Nebraska corporation in 1977 to service federal student loans for two local banks. The Company built on this initial foundation as a servicer to become a leading originator, holder, and servicer of federal student loans, principally consisting of loans originated under the Federal Family Education Loan Program (“FFELP” or “FFEL Program”) of the U.S. Department of Education (the “Department”). To reduce its reliance on interest income on student loans, the Company has significantly diversified and increased its fee-based education-related services. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates as four distinct operating segments. The Company's operating segments include:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:42px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:6px;">•</font><font style="font-family:inherit;font-size:10pt;"> Student Loan and Guaranty Servicing</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:42px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:6px;">•</font><font style="font-family:inherit;font-size:10pt;"> Tuition Payment Processing and Campus Commerce</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:42px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:6px;">•</font><font style="font-family:inherit;font-size:10pt;"> Enrollment Services</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:42px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:6px;">•</font><font style="font-family:inherit;font-size:10pt;"> Asset Generation and Management</font></div><div style="line-height:120%;text-align:justify;text-indent:42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A description of each operating segment is included below. In addition, see note 14, “Segment Reporting,” for additional information on the Company's segment reporting.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fee-Based Operating Segments</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Student Loan and Guaranty Servicing</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following are the primary service offerings the Company offers as part of its Student Loan and Guaranty Servicing operating segment:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Servicing FFELP loans</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Originating and servicing non-federally insured student loans</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Servicing federally-owned student loans for the Department of Education</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Servicing and outsourcing services for guaranty agencies</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Providing student loan servicing software and other information technology products and services</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Student Loan and Guaranty Servicing operating segment provides for the servicing of the Company's student loan portfolio and the portfolios of third parties. The loan servicing activities include loan origination activities, loan conversion activities, application processing, borrower updates, payment processing, due diligence procedures, funds management reconciliations, and claim processing. These activities are performed internally for the Company's portfolio in addition to generating external fee revenue when performed for third-party clients. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2009, the Department of Education named the Company as one of four private sector companies awarded a servicing contract to service federally-owned student loans. In September 2009, the Company began servicing loans under this contract. The contract spans five years, with one five-year renewal at the option of the Department. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This operating segment also provides servicing activities for guarantee agencies. These activities include providing software and data center services, borrower and loan updates, default aversion tracking services, claim processing services, and post-default collection services. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This operating segment also provides student loan servicing software, which is used internally by the Company and licensed to third-party student loan holders and servicers. This software system has been adapted so that it can be offered as a hosted servicing software solution that can be used by third parties to service various types of student loans including federally-owned student loans and FFEL Program loans. In addition, this operating segment provides information technology products and services, with core areas of business in educational loan software solutions, technical consulting services, and enterprise content management solutions. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Tuition Payment Processing and Campus Commerce</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's Tuition Payment Processing and Campus Commerce operating segment provides products and services to help students and families manage the payment of education costs at all levels (K-12 and higher education). It also provides innovative education-focused technologies, services, and support solutions to help schools with the everyday challenges of collecting and processing commerce data.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the K-12 market, the Company offers actively managed tuition payment plans as well as assistance with financial needs assessment and donor management. The Company offers two principal products to the higher education market: actively managed tuition payment plans and campus commerce technologies and payment processing.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Enrollment Services </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Enrollment Services operating segment offers products and services that are focused on helping colleges recruit and retain students (interactive and list marketing services) and helping students plan and prepare for life after high school and/or military service (publishing services and resource centers). Interactive marketing products and services include agency of record services, qualified inquiry generation, pay per click services, inquiry management software, and other marketing management, along with call center solutions. The inquiry management software allows schools to manage their inquiry flow and perform analytics on the inquiries received by the school. The majority of interactive marketing revenue is derived from fees that are earned through the delivery of qualified inquiries or clicks to colleges and universities. List marketing services include providing lists to help higher education institutions and businesses reach the middle school, high school, college bound high school, college, and young adult market places. Publishing services include test preparation study guides, school directories and databases, and career exploration guides. Resource centers include online courses, scholarship search and selection data, career planning, and on-line information about colleges and universities.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Asset Generation and Management Operating Segment</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's Asset Generation and Management operating segment includes the acquisition, management, and ownership of the Company's student loan assets, which was historically the Company's largest product and service offering. Student loan assets included in this segment are loans originated under the FFEL Program, including the Stafford Loan Program, the PLUS Loan program, the Supplemental Loans for Students (“SLS”) program, and loans that consolidate certain borrower obligations (“Consolidation”). The Company generates a substantial portion of its earnings from the spread, referred to as the Company's student loan spread, between the yield it receives on its student loan portfolio and the costs to finance the portfolio. The student loan assets are held in a series of education lending subsidiaries designed specifically for this purpose. In addition to the student loan spread earned on its portfolio, all costs and activity associated with managing the portfolio, such as servicing of the assets and debt maintenance are included in this segment.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 30, 2010, President Obama signed into law the Health Care and Education Reconciliation Act of 2010 (the "Reconciliation Act of 2010”). Effective July 1, 2010, this law prohibits new loan originations under the FFEL Program and requires that all new federal loan originations be made through the Federal Direct Loan Program. The new law does not alter or affect the terms and conditions of existing FFELP loans. As a result of this legislation, the Company no longer originates new FFELP loans.</font></div></div> | |
| CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1991916000 | USD |
| CY2009 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1989977000 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-87951000 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1439823000 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-161297000 | USD |
| CY2009 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1813605000 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
310862000 | USD |
| CY2009 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
324706000 | USD |
| CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
194868000 | USD |
| CY2009 | us-gaap |
Net Income Loss
NetIncomeLoss
|
139125000 | USD |
| CY2011 | us-gaap |
Net Income Loss
NetIncomeLoss
|
204335000 | USD |
| CY2010 | us-gaap |
Net Income Loss
NetIncomeLoss
|
189034000 | USD |
| CY2009 | us-gaap |
Noninterest Income
NoninterestIncome
|
414986000 | USD |
| CY2010 | us-gaap |
Noninterest Income
NoninterestIncome
|
457569000 | USD |
| CY2011 | us-gaap |
Noninterest Income
NoninterestIncome
|
386130000 | USD |
| CY2009 | us-gaap |
Operating Expenses
OperatingExpenses
|
405633000 | USD |
| CY2011 | us-gaap |
Operating Expenses
OperatingExpenses
|
407658000 | USD |
| CY2010 | us-gaap |
Operating Expenses
OperatingExpenses
|
503486000 | USD |
| CY2011Q4 | us-gaap |
Other Assets
OtherAssets
|
92275000 | USD |
| CY2010Q4 | us-gaap |
Other Assets
OtherAssets
|
101054000 | USD |
| CY2009 | us-gaap |
Other Expenses
OtherExpenses
|
100216000 | USD |
| CY2011 | us-gaap |
Other Expenses
OtherExpenses
|
113415000 | USD |
| CY2010 | us-gaap |
Other Expenses
OtherExpenses
|
119765000 | USD |
| CY2011 | us-gaap |
Other Income
OtherIncome
|
29513000 | USD |
| CY2009 | us-gaap |
Other Income
OtherIncome
|
26469000 | USD |
| CY2010 | us-gaap |
Other Income
OtherIncome
|
31310000 | USD |
| CY2010Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
191017000 | USD |
| CY2011Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
178189000 | USD |
| CY2010 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-409000 | USD |
| CY2011 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-553000 | USD |
| CY2009 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1976000 | USD |
| CY2011Q4 | us-gaap |
Payables To Customers
PayablesToCustomers
|
109809000 | USD |
| CY2010Q4 | us-gaap |
Payables To Customers
PayablesToCustomers
|
88528000 | USD |
| CY2010 | us-gaap |
Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
42074000 | USD |
| CY2011 | us-gaap |
Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
0 | USD |
| CY2009 | us-gaap |
Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
|
13345000 | USD |
| CY2010 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
39805000 | USD |
| CY2009 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
430000 | USD |
| CY2011 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
27134000 | USD |
| CY2011 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2282000 | USD |
| CY2010 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
9318000 | USD |
| CY2009 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
9239000 | USD |
| CY2011 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
17763000 | USD |
| CY2009 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
3492000 | USD |
| CY2010 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
34131000 | USD |
| CY2011 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
976837000 | USD |
| CY2009 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
2776557000 | USD |
| CY2010 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
3137210000 | USD |
| CY2010 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12770000 | USD |
| CY2011 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
14167000 | USD |
| CY2009 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1204000 | USD |
| CY2010 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
1821589000 | USD |
| CY2009 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
1873666000 | USD |
| CY2011 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
2235719000 | USD |
| CY2011 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | USD |
| CY2010 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
218725000 | USD |
| CY2010Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2010Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2011Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2010Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2009 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
449000 | USD |
| CY2010 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
528000 | USD |
| CY2011 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
512000 | USD |
| CY2009 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
4688404000 | USD |
| CY2010 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
5452290000 | USD |
| CY2011 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
1100384000 | USD |
| CY2009 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | USD |
| CY2009 | us-gaap |
Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
|
2317093000 | USD |
| CY2010 | us-gaap |
Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
|
2202427000 | USD |
| CY2011 | us-gaap |
Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
|
121344000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
34819000 | USD |
| CY2010Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
30573000 | USD |
| CY2010 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
22700000 | USD |
| CY2009 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
29000000 | USD |
| CY2011 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
21250000 | USD |
| CY2011Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
-1140000 | USD |
| CY2010Q4 | us-gaap |
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
-1170000 | USD |
| CY2010 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
5564844000 | USD |
| CY2009 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
6644250000 | USD |
| CY2011 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
2938613000 | USD |
| CY2010 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
111675000 | USD |
| CY2011 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
107050000 | USD |
| CY2009 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
21520000 | USD |
| CY2010Q4 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
668757000 | USD |
| CY2011Q4 | us-gaap |
Restricted Cash And Investments
RestrictedCashAndInvestments
|
614322000 | USD |
| CY2009 | us-gaap |
Restructuring Charges
RestructuringCharges
|
7982000 | USD |
| CY2011 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
| CY2010 | us-gaap |
Restructuring Charges
RestructuringCharges
|
6020000 | USD |
| CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1017629000 | USD |
| CY2010Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
831057000 | USD |
| CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2280000 | USD |
| CY2011 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2029000 | USD |
| CY2009 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2644000 | USD |
| CY2011 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4696000 | USD |
| CY2009 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4372000 | USD |
| CY2010 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5225000 | USD |
| CY2011 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
-27134000 | USD |
| CY2010 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
-39805000 | USD |
| CY2009 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
-430000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1066205000 | USD |
| CY2010Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
906633000 | USD |
| CY2009Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
784563000 | USD |
| CY2008Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
643226000 | USD |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49326686 | shares |
| CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48047669 | shares |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49685143 | shares |
| CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49127934 | shares |
| CY2009 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49484816 | shares |
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
47860824 | shares |
| CY2009 | nni |
Business And Asset Acquisitions Net Of Cash Acquired Including Contingency Payments
BusinessAndAssetAcquisitionsNetOfCashAcquiredIncludingContingencyPayments
|
0 | USD |
| CY2011 | nni |
Business And Asset Acquisitions Net Of Cash Acquired Including Contingency Payments
BusinessAndAssetAcquisitionsNetOfCashAcquiredIncludingContingencyPayments
|
-14029000 | USD |
| CY2010 | nni |
Business And Asset Acquisitions Net Of Cash Acquired Including Contingency Payments
BusinessAndAssetAcquisitionsNetOfCashAcquiredIncludingContingencyPayments
|
-3000000 | USD |
| CY2011Q4 | nni |
Cash And Cash Equivalents Not Held At Related Party
CashAndCashEquivalentsNotHeldAtRelatedParty
|
7299000 | USD |
| CY2010Q4 | nni |
Cash And Cash Equivalents Not Held At Related Party
CashAndCashEquivalentsNotHeldAtRelatedParty
|
6952000 | USD |
| CY2011 | nni |
Contingency Payment Related To Business Combination
ContingencyPaymentRelatedToBusinessCombination
|
-5893000 | USD |
| CY2011Q4 | nni |
Cash And Cash Equivalents Related Party
CashAndCashEquivalentsRelatedParty
|
35271000 | USD |
| CY2010Q4 | nni |
Cash And Cash Equivalents Related Party
CashAndCashEquivalentsRelatedParty
|
276849000 | USD |
| CY2011 | nni |
Gain On Sale Of Loans And Debt Repurchases Net
GainOnSaleOfLoansAndDebtRepurchasesNet
|
8340000 | USD |
| CY2010 | nni |
Payments Received On Employee Stock Notes Receivable
PaymentsReceivedOnEmployeeStockNotesReceivable
|
279000 | USD |
| CY2009 | nni |
Gain On Sale Of Loans And Debt Repurchases Net
GainOnSaleOfLoansAndDebtRepurchasesNet
|
76831000 | USD |
| CY2009 | nni |
Loan And Guaranty Servicing Revenue
LoanAndGuarantyServicingRevenue
|
129911000 | USD |
| CY2010 | nni |
Loan And Guaranty Servicing Revenue
LoanAndGuarantyServicingRevenue
|
158584000 | USD |
| CY2011 | nni |
Loan And Guaranty Servicing Revenue
LoanAndGuarantyServicingRevenue
|
175657000 | USD |
| CY2011 | nni |
Cost To Provide Enrollment Services
CostToProvideEnrollmentServices
|
86548000 | USD |
| CY2010 | nni |
Cost To Provide Enrollment Services
CostToProvideEnrollmentServices
|
91647000 | USD |
| CY2009 | nni |
Cost To Provide Enrollment Services
CostToProvideEnrollmentServices
|
74926000 | USD |
| CY2009 | nni |
Depreciation And Amortization Including Loan Premiums Discount And Deferred Origination Costs
DepreciationAndAmortizationIncludingLoanPremiumsDiscountAndDeferredOriginationCosts
|
116038000 | USD |
| CY2010 | nni |
Depreciation And Amortization Including Loan Premiums Discount And Deferred Origination Costs
DepreciationAndAmortizationIncludingLoanPremiumsDiscountAndDeferredOriginationCosts
|
91244000 | USD |
| CY2011 | nni |
Depreciation And Amortization Including Loan Premiums Discount And Deferred Origination Costs
DepreciationAndAmortizationIncludingLoanPremiumsDiscountAndDeferredOriginationCosts
|
72557000 | USD |
| CY2010 | nni |
Derivative Market Value Adjustment
DerivativeMarketValueAdjustment
|
77134000 | USD |
| CY2009 | nni |
Derivative Market Value Adjustment
DerivativeMarketValueAdjustment
|
-6852000 | USD |
| CY2011 | nni |
Derivative Market Value Adjustment
DerivativeMarketValueAdjustment
|
50513000 | USD |
| CY2010 | nni |
Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
|
-10677000 | USD |
| CY2009 | nni |
Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
|
8484000 | USD |
| CY2011 | nni |
Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net
DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet
|
-25647000 | USD |
| CY2009 | nni |
Enrollment Services Revenue
EnrollmentServicesRevenue
|
119397000 | USD |
| CY2010 | nni |
Enrollment Services Revenue
EnrollmentServicesRevenue
|
139897000 | USD |
| CY2011 | nni |
Enrollment Services Revenue
EnrollmentServicesRevenue
|
130470000 | USD |
| CY2011 | nni |
Gain From Debt Repurchases
GainFromDebtRepurchases
|
6962000 | USD |
| CY2009 | nni |
Gain From Debt Repurchases
GainFromDebtRepurchases
|
41683000 | USD |
| CY2010 | nni |
Gain From Debt Repurchases
GainFromDebtRepurchases
|
44883000 | USD |
| CY2010 | nni |
Gain On Sale Of Loans And Debt Repurchases Net
GainOnSaleOfLoansAndDebtRepurchasesNet
|
78631000 | USD |
| CY2010 | nni |
Loan Interest
LoanInterest
|
598675000 | USD |
| CY2011 | nni |
Loan Interest
LoanInterest
|
589686000 | USD |
| CY2009 | nni |
Loan Interest
LoanInterest
|
609920000 | USD |
| CY2009 | nni |
Payments Received On Employee Stock Notes Receivable
PaymentsReceivedOnEmployeeStockNotesReceivable
|
101000 | USD |
| CY2011 | nni |
Payments Received On Employee Stock Notes Receivable
PaymentsReceivedOnEmployeeStockNotesReceivable
|
30000 | USD |
| CY2010 | nni |
Payments To Terminate Andor Amend Derivative Instruments
PaymentsToTerminateAndorAmendDerivativeInstruments
|
-3349000 | USD |
| CY2009 | nni |
Payments To Terminate Andor Amend Derivative Instruments
PaymentsToTerminateAndorAmendDerivativeInstruments
|
-15069000 | USD |
| CY2011 | nni |
Payments To Terminate Andor Amend Derivative Instruments
PaymentsToTerminateAndorAmendDerivativeInstruments
|
-10242000 | USD |
| CY2009 | nni |
Proceeds From Sale Of Student Loans To Related Party
ProceedsFromSaleOfStudentLoansToRelatedParty
|
76448000 | USD |
| CY2011 | nni |
Proceeds From Sale Of Student Loans To Related Party
ProceedsFromSaleOfStudentLoansToRelatedParty
|
0 | USD |
| CY2010 | nni |
Proceeds From Sale Of Student Loans To Related Party
ProceedsFromSaleOfStudentLoansToRelatedParty
|
0 | USD |
| CY2011 | nni |
Proceeds To Terminate Andor Amend Derivative Instruments
ProceedsToTerminateAndorAmendDerivativeInstruments
|
-13607000 | USD |
| CY2010 | nni |
Proceeds To Terminate Andor Amend Derivative Instruments
ProceedsToTerminateAndorAmendDerivativeInstruments
|
-15369000 | USD |
| CY2009 | nni |
Proceeds To Terminate Andor Amend Derivative Instruments
ProceedsToTerminateAndorAmendDerivativeInstruments
|
-3870000 | USD |
| CY2010 | nni |
Purchases Of Student Loans From Related Party
PurchasesOfStudentLoansFromRelatedParty
|
989168000 | USD |
| CY2009 | nni |
Purchases Of Student Loans From Related Party
PurchasesOfStudentLoansFromRelatedParty
|
47621000 | USD |
| CY2011 | nni |
Purchases Of Student Loans From Related Party
PurchasesOfStudentLoansFromRelatedParty
|
112000 | USD |
| CY2011 | nni |
Reduction Of Employee Stock Notes Receivable
ReductionOfEmployeeStockNotesReceivable
|
30000 | USD |
| CY2010 | nni |
Reduction Of Employee Stock Notes Receivable
ReductionOfEmployeeStockNotesReceivable
|
279000 | USD |
| CY2009 | nni |
Reduction Of Employee Stock Notes Receivable
ReductionOfEmployeeStockNotesReceivable
|
101000 | USD |
| CY2010Q4 | nni |
Restricted Cash Due To Customers
RestrictedCashDueToCustomers
|
88528000 | USD |
| CY2011Q4 | nni |
Restricted Cash Due To Customers
RestrictedCashDueToCustomers
|
109809000 | USD |
| CY2010Q4 | nni |
Student Loans Receivable Net
StudentLoansReceivableNet
|
23948014000 | USD |
| CY2011Q4 | nni |
Student Loans Receivable Net
StudentLoansReceivableNet
|
24297876000 | USD |
| CY2009 | nni |
Tuition Payment Processing And Campus Commerce Revenue
TuitionPaymentProcessingAndCampusCommerceRevenue
|
53894000 | USD |
| CY2010 | nni |
Tuition Payment Processing And Campus Commerce Revenue
TuitionPaymentProcessingAndCampusCommerceRevenue
|
59824000 | USD |
| CY2011 | nni |
Tuition Payment Processing And Campus Commerce Revenue
TuitionPaymentProcessingAndCampusCommerceRevenue
|
67797000 | USD |
| CY2011 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2011 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2011 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2011 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | |
| CY2011 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2011-12-31 | |
| CY2011 | dei |
Document Type
DocumentType
|
10-K | |
| CY2011 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001258602 | |
| CY2011 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2011 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
| CY2011Q2 | dei |
Entity Public Float
EntityPublicFloat
|
600914599 | USD |
| CY2011 | dei |
Entity Registrant Name
EntityRegistrantName
|
NELNET INC | |
| CY2011 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2011 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No |
