$NNI
NELNET INC Stock $nni

$nni Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000125860216000077 Filed on May 05, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$0.00	$0.00
YoY Change
Cost Of Revenue	$3.623M	$10.80M
YoY Change	-66.45%	-25.4%
Gross Profit	-$3.623M	-$10.80M
YoY Change	-66.45%	-25.4%
Gross Profit Margin
Selling, General & Admin	$66.90M	$72.80M
YoY Change	-8.1%	8.66%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$31.08M	$30.23M
YoY Change	2.82%	37.39%
% of Gross Profit
Operating Expenses	$111.5M	$115.2M
YoY Change	-3.22%	7.32%
Operating Profit	-$115.1M	-$126.0M
YoY Change	-8.64%	3.43%
Interest Expense	$90.41M	$71.55M
YoY Change	26.35%	19.25%
% of Operating Profit
Other Income/Expense, Net	$28.38M	$30.10M
YoY Change	-5.73%	-0.41%
Pretax Income	$72.46M	$102.4M
YoY Change	-29.26%	-10.86%
Income Tax	$24.43M	$37.63M
% Of Pretax Income	33.72%	36.74%
Net Earnings	$47.96M	$64.77M
YoY Change	-25.95%	-12.23%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$1.114M	$1.409M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$51.00M	$100.0M
YoY Change	-49.0%	-6.54%
Cash & Equivalents	$51.03M	$100.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$45.00M	$27.95B
Other Receivables	$385.0M	$0.00
Total Short-Term Assets	$481.0M	$28.05B
YoY Change	-98.29%	8.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$88.71M	$51.00M
YoY Change	73.93%	53.15%
Goodwill	$147.3M	$126.2M
YoY Change	16.73%	7.75%
Intangibles	$48.83M	$40.18M
YoY Change	21.51%	342.11%
Long-Term Investments	$273.0M	$277.0M
YoY Change	-1.44%	66.87%
Other Assets	$1.011B	$938.0M
YoY Change	7.78%	5.87%
Total Long-Term Assets	$29.11B	$1.902B
YoY Change	1430.57%	11.22%
TOTAL ASSETS
Total Short-Term Assets	$481.0M	$28.05B
Total Long-Term Assets	$29.11B	$1.902B
Total Assets	$29.59B	$29.96B
YoY Change	-1.22%	8.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$86.00M	$72.00M
YoY Change	19.44%	-60.0%
Accrued Expenses	$39.00M	$27.00M
YoY Change	44.44%	22.73%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$125.0M	$99.00M
YoY Change	26.26%	-50.99%
LONG-TERM LIABILITIES
Long-Term Debt	$27.35B	$27.82B
YoY Change	-1.67%	8.7%
Other Long-Term Liabilities	$228.0M	$260.0M
YoY Change	-12.31%	43.65%
Total Long-Term Liabilities	$27.58B	$28.08B
YoY Change	-1.77%	8.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$125.0M	$99.00M
Total Long-Term Liabilities	$27.58B	$28.08B
Total Liabilities	$27.70B	$28.17B
YoY Change	-1.67%	8.47%
SHAREHOLDERS EQUITY
Retained Earnings	$1.874B	$1.763B
YoY Change	6.29%	18.89%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.878B	$1.781B
YoY Change
Total Liabilities & Shareholders Equity	$29.59B	$29.96B
YoY Change	-1.22%	8.98%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	$47.96M	$64.77M
YoY Change	-25.95%	-12.23%
Depreciation, Depletion And Amortization	$31.08M	$30.23M
YoY Change	2.82%	37.39%
Cash From Operating Activities	$104.5M	$129.3M
YoY Change	-19.2%	45.98%
INVESTING ACTIVITIES
Capital Expenditures	$15.26M	$8.372M
YoY Change	82.25%	166.12%
Acquisitions		$0.00
YoY Change		-100.0%
Other Investing Activities	$3.021M	$49.95M
YoY Change	-93.95%	245.29%
Cash From Investing Activities	$729.7M	$31.83M
YoY Change	2192.79%	-90.65%
FINANCING ACTIVITIES
Cash Dividend Paid	$5.093M	$4.614M
YoY Change	10.38%	-0.58%
Common Stock Issuance & Retirement, Net	$51.84M	$7.691M
YoY Change	574.05%	968.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$846.7M	-$191.6M
YoY Change	341.89%	-50.27%
NET CHANGE
Cash From Operating Activities	$104.5M	$129.3M
Cash From Investing Activities	$729.7M	$31.83M
Cash From Financing Activities	-$846.7M	-$191.6M
Net Change In Cash	-$12.50M	-$30.44M
YoY Change	-58.95%	-169.43%
FREE CASH FLOW
Cash From Operating Activities	$104.5M	$129.3M
Capital Expenditures	$15.26M	$8.372M
Free Cash Flow	$89.26M	$121.0M
YoY Change	-26.22%	41.56%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	68000	USD
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001258602
CY2016Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2015Q2	dei	Entity Public Float EntityPublicFloat	1092135927	USD
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	NELNET INC
CY2016Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2015Q4	nni	Cash And Cash Equivalents Not Held At Related Party CashAndCashEquivalentsNotHeldAtRelatedParty	11379000	USD
CY2016Q1	nni	Cash And Cash Equivalents Not Held At Related Party CashAndCashEquivalentsNotHeldAtRelatedParty	7519000	USD
CY2015Q4	nni	Cash And Cash Equivalents Related Party CashAndCashEquivalentsRelatedParty	52150000	USD
CY2016Q1	nni	Cash And Cash Equivalents Related Party CashAndCashEquivalentsRelatedParty	43515000	USD
CY2016Q1	nni	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Sale Of Interest By Parent Percentage ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesSaleOfInterestByParentPercentage	0.01
CY2015Q1	nni	Cost To Provide Enrollment Services CostToProvideEnrollmentServices	10799000	USD
CY2016Q1	nni	Cost To Provide Enrollment Services CostToProvideEnrollmentServices	3623000	USD
CY2015Q1	nni	Costtoprovidetelecommunicationsservices Costtoprovidetelecommunicationsservices	0	USD
CY2016Q1	nni	Costtoprovidetelecommunicationsservices Costtoprovidetelecommunicationsservices	1703000	USD
CY2015Q4	nni	Derivative Assets Not Designated As Hedging Instruments Net DerivativeAssetsNotDesignatedAsHedgingInstrumentsNet	29471000	USD
CY2016Q1	nni	Derivative Assets Not Designated As Hedging Instruments Net DerivativeAssetsNotDesignatedAsHedgingInstrumentsNet	808000	USD
CY2015Q4	nni	Derivative Liabilities Not Designated As Hedging Instruments Net DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentsNet	60862000	USD
CY2016Q1	nni	Derivative Liabilities Not Designated As Hedging Instruments Net DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentsNet	456000	USD
CY2015Q1	nni	Derivative Market Value And Foreign Currency Adjustment DerivativeMarketValueAndForeignCurrencyAdjustment	2137000	USD
CY2016Q1	nni	Derivative Market Value And Foreign Currency Adjustment DerivativeMarketValueAndForeignCurrencyAdjustment	-22154000	USD
CY2015Q1	nni	Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet	-3078000	USD
CY2016Q1	nni	Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet	-28691000	USD
CY2015Q1	nni	Derivative Settlements DerivativeSettlements	-5215000	USD
CY2016Q1	nni	Derivative Settlements DerivativeSettlements	-6537000	USD
CY2015Q1	nni	Enrollment Services Revenue EnrollmentServicesRevenue	13373000	USD
CY2016Q1	nni	Enrollment Services Revenue EnrollmentServicesRevenue	4326000	USD
CY2015Q1	nni	Gain On Sale Of Financing Receivables GainOnSaleOfFinancingReceivables	351000	USD
CY2016Q1	nni	Gain On Sale Of Financing Receivables GainOnSaleOfFinancingReceivables	0	USD
CY2015Q1	nni	Gain On Sale Of Loans And Debt Repurchases Net GainOnSaleOfLoansAndDebtRepurchasesNet	2875000	USD
CY2016Q1	nni	Gain On Sale Of Loans And Debt Repurchases Net GainOnSaleOfLoansAndDebtRepurchasesNet	101000	USD
CY2015Q1	nni	Intersegment Expenses IntersegmentExpenses	0	USD
CY2016Q1	nni	Intersegment Expenses IntersegmentExpenses	0	USD
CY2015Q1	nni	Loan Interest LoanInterest	171944000	USD
CY2016Q1	nni	Loan Interest LoanInterest	189988000	USD
CY2015Q1	nni	Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds	-34447000	USD
CY2016Q1	nni	Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds	-3522000	USD
CY2016Q1	nni	Percentofmembershipinterestsold Percentofmembershipinterestsold	1
CY2015Q4	nni	Restricted Cash Due To Customers RestrictedCashDueToCustomers	144771000	USD
CY2016Q1	nni	Restricted Cash Due To Customers RestrictedCashDueToCustomers	85805000	USD
CY2015Q1	nni	Servicingexpenses Servicingexpenses	7616000	USD
CY2016Q1	nni	Servicingexpenses Servicingexpenses	6928000	USD
CY2015Q1	nni	Student Loan Discount Accretion StudentLoanDiscountAccretion	-10746000	USD
CY2016Q1	nni	Student Loan Discount Accretion StudentLoanDiscountAccretion	-10917000	USD
CY2015Q1	nni	Telecommunicationsrevenue Telecommunicationsrevenue	0	USD
CY2016Q1	nni	Telecommunicationsrevenue Telecommunicationsrevenue	4346000	USD
CY2015Q1	nni	Tuition Payment Processing And Campus Commerce Revenue TuitionPaymentProcessingAndCampusCommerceRevenue	34680000	USD
CY2016Q1	nni	Tuition Payment Processing And Campus Commerce Revenue TuitionPaymentProcessingAndCampusCommerceRevenue	38657000	USD
CY2015Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	51345000	USD
CY2016Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	45465000	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2284000	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1416000	USD
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	0	USD
CY2016Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2913000	USD
CY2015Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1357000	USD
CY2016Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1183000	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	2003000	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1584000	USD
CY2015Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2400000	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2500000	USD
CY2015Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2015Q4	us-gaap	Assets Assets	30419144000	USD
CY2016Q1	us-gaap	Assets Assets	29589347000	USD
CY2015Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	205000	USD
CY2016Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	-132000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	130481000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	100046000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	63529000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	51034000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-30435000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-12495000	USD
CY2016Q1	us-gaap	Concentration Risk Customer ConcentrationRiskCustomer	Department of Education
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	64543000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	47161000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	41000	USD
CY2016Q1	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Sale Of Interest By Parent ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesSaleOfInterestByParent	500000	USD
CY2015Q1	us-gaap	Cost Of Services CostOfServices	10799000	USD
CY2015Q1	us-gaap	Concentration Risk Customer ConcentrationRiskCustomer	Department of Education
CY2016Q1	us-gaap	Cost Of Services CostOfServices	3623000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	64502000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	47093000	USD
CY2015Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	28105921000	USD
CY2016Q1	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	27349891000	USD
CY2015Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-497410000	USD
CY2016Q1	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-481369000	USD
CY2015Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	224000	USD
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-4260000	USD
CY2015Q1	us-gaap	Depreciation Depreciation	3300000	USD
CY2016Q1	us-gaap	Depreciation Depreciation	5100000	USD
CY2015Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5662000	USD
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	7640000	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	30225000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	31078000	USD
CY2015Q4	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	28690000	USD
CY2016Q1	us-gaap	Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement	9021000	USD
CY2015Q4	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue	28690000	USD
CY2016Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue	9021000	USD
CY2015Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-46072000	USD
CY2016Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-3674000	USD
CY2015Q4	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue	74881000	USD
CY2016Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue	62408000	USD
CY2015Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	4614000	USD
CY2016Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	5093000	USD
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	1.40
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	1.11
CY2016Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3 FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3	32950000	USD
CY2014Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	48900000	USD
CY2015Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	51161000	USD
CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	50498000	USD
CY2016Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	50084000	USD
CY2015Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	3825000	USD
CY2016Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	3450000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P158M
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	20221000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	7515000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	3589000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	3911000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6558000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	7033000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	51062000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	48827000	USD
CY2015Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	48209000	USD
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-18480000	USD
CY2015Q1	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	2524000	USD
CY2016Q1	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	101000	USD
CY2015Q4	us-gaap	Goodwill Goodwill	146000000	USD
CY2016Q1	us-gaap	Goodwill Goodwill	147312000	USD
CY2015Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	45000	USD
CY2016Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1323000	USD
CY2016Q1	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	1312000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	102436000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	72462000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	102436000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	72462000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	37630000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	24433000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5416000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-5961000	USD
CY2015Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	3784000	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	452000	USD
CY2015Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	1371000	USD
CY2016Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	7443000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-605000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2922000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	16414000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2551000	USD
CY2015Q1	us-gaap	Increase Decrease In Restricted Cash And Investments IncreaseDecreaseInRestrictedCashAndInvestments	16147000	USD
CY2016Q1	us-gaap	Increase Decrease In Restricted Cash And Investments IncreaseDecreaseInRestrictedCashAndInvestments	92301000	USD
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	51062000	USD
CY2016Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	48827000	USD
CY2015Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	174149000	USD
CY2016Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	192017000	USD
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CY2015Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	100595000	USD
CY2016Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	99109000	USD
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CY2016Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	101609000	USD
CY2015Q1	us-gaap	Interest Paid InterestPaid	53235000	USD
CY2016Q1	us-gaap	Interest Paid InterestPaid	66091000	USD
CY2015Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	31507000	USD
CY2016Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	38950000	USD
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CY2015Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	2205000	USD
CY2016Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	2029000	USD
CY2015Q4	us-gaap	Investments Investments	303681000	USD
CY2016Q1	us-gaap	Investments Investments	273451000	USD
CY2015Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	61050000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	30419144000	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	29589347000	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	7726000	USD
CY2016Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	63242000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	28526986000	USD
CY2016Q1	us-gaap	Liabilities Liabilities	27702421000	USD
CY2016Q1	us-gaap	Minority Interest MinorityInterest	8672000	USD
CY2016Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	97000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-191608000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-846669000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	31825000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	729680000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	129348000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	104494000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	64765000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	47961000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	41000	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	68000	USD
CY2016Q1	us-gaap	Noncontrolling Interest Increase From Sale Of Parent Equity Interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest	975000	USD
CY2015Q1	us-gaap	Noninterest Income NoninterestIncome	117069000	USD
CY2016Q1	us-gaap	Noninterest Income NoninterestIncome	84865000	USD
CY2015Q4	us-gaap	Notes Receivable Net NotesReceivableNet	28324552000	USD
CY2016Q1	us-gaap	Notes Receivable Net NotesReceivableNet	27519052000	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	115228000	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	111512000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	8583000	USD
CY2016Q1	us-gaap	Other Assets OtherAssets	11470000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-263000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-868000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	205000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	-132000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-155000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-510000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-213000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-1510000	USD
CY2015Q1	us-gaap	Other Expenses OtherExpenses	30101000	USD
CY2016Q1	us-gaap	Other Expenses OtherExpenses	28376000	USD
CY2015Q1	us-gaap	Other Income OtherIncome	11408000	USD
CY2016Q1	us-gaap	Other Income OtherIncome	13796000	USD
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	169906000	USD
CY2016Q1	us-gaap	Other Liabilities OtherLiabilities	165367000	USD
CY2015Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3115000	USD
CY2016Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3212000	USD
CY2015Q4	us-gaap	Payables To Customers PayablesToCustomers	144771000	USD
CY2016Q1	us-gaap	Payables To Customers PayablesToCustomers	85805000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	49953000	USD
CY2016Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	3021000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	7939000	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	52069000	USD
CY2015Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	5256000	USD
CY2016Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	164000	USD
CY2015Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	4614000	USD
CY2016Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	5093000	USD
CY2015Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	0	USD
CY2016Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	97000	USD
CY2015Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	512000	USD
CY2016Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	14595000	USD
CY2015Q1	us-gaap	Payments To Acquire Finance Receivables PaymentsToAcquireFinanceReceivables	844120000	USD
CY2016Q1	us-gaap	Payments To Acquire Finance Receivables PaymentsToAcquireFinanceReceivables	108543000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8372000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	15258000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q1	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	940907000	USD
CY2016Q1	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	870898000	USD
CY2015Q1	us-gaap	Proceeds From Collection Of Other Receivables ProceedsFromCollectionOfOtherReceivables	4709000	USD
CY2016Q1	us-gaap	Proceeds From Collection Of Other Receivables ProceedsFromCollectionOfOtherReceivables	3087000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	248000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	228000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	1285760000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	67698000	USD
CY2015Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	0	USD
CY2016Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	975000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	1304000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	-3436000	USD
CY2015Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	1317000	USD
CY2016Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	44675000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	3996000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	44738000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	64806000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	48029000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	80482000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	88708000	USD
CY2015Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	2000000	USD
CY2016Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	2500000	USD
CY2015Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	1459807000	USD
CY2016Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	858147000	USD
CY2015Q4	us-gaap	Restricted Cash And Investments RestrictedCashAndInvestments	832624000	USD
CY2016Q1	us-gaap	Restricted Cash And Investments RestrictedCashAndInvestments	924925000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1881708000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1873500000	USD
CY2015Q1	us-gaap	Revenues Revenues	0	USD
CY2016Q1	us-gaap	Revenues Revenues	0	USD
CY2015Q1	us-gaap	Servicing Fees Net ServicingFeesNet	57811000	USD
CY2016Q1	us-gaap	Servicing Fees Net ServicingFeesNet	52330000	USD
CY2015Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2468000	USD
CY2016Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2708000	USD
CY2015Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	7939000	USD
CY2016Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	52069000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	1884432000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1878254000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1725678000	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1781493000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1892158000	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1886926000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	46290590	shares
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	43088092	shares
CY2016Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<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;">Basis of Financial Reporting</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 accompanying unaudited consolidated financial statements of Nelnet, Inc. and subsidiaries (the “Company”) as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2016 and 2015</font><font style="font-family:inherit;font-size:10pt;"> have been prepared on the same basis as the audited consolidated financial statements for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and, in the opinion of the Company’s management, the unaudited consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of results of operations for the interim periods presented. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Operating results for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results for the year ending </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">. The unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> (the "</font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> Annual Report").</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;">Reclassifications</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;">Certain amounts previously reported within the Company's consolidated balance sheet and statements of income have been reclassified to conform to the current period presentation. These reclassifications are summarized below.</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><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;">In April 2015, the Financial Accounting Standards Board ("FASB") issued accounting guidance regarding the presentation of debt issuance costs. The new guidance requires that entities present debt issuance costs related to a debt liability as a direct deduction from that liability on the balance sheet. This guidance became effective for the Company beginning January 1, 2016. As a result of this standard, the Company reclassified its debt issuance costs, which were previously included in "other assets" on the consolidated balance sheet, to "bonds and notes payable."</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></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;">On February 1, 2016, the Company sold </font><font style="font-family:inherit;font-size:10pt;">100 percent</font><font style="font-family:inherit;font-size:10pt;"> of the membership interests in Sparkroom LLC, which includes the majority of the Company's inquiry management products and services within Nelnet Enrollment Solutions. The Company retained the digital marketing and content solution products and services under the brand name Peterson's within the Nelnet Enrollment Solutions business, which include test preparation study guides, school directories and databases, career exploration guides, on-line courses, scholarship search and selection data, career planning information and guides, and on-line information about colleges and universities. The Company reclassified the revenue and cost of goods sold attributable to the Peterson's products and services from "enrollment services revenue" and "cost to provide enrollment services" to "other income" and "other expenses," respectively, on the consolidated statements of income. After this reclassification, "enrollment services revenue" and "cost to provide enrollment services" include the operating results of the products and services sold as part of the Sparkroom disposition for all periods presented. These reclassifications had no effect on consolidated net income. </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>

Files In Submission

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$NNI
NELNET INC Stock $nni

2016 Q1 Form 10-Q Financial Statement

#000125860216000077 Filed on May 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

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Files In Submission

$NNI NELNET INC Stock $nni

2016 Q1 Form 10-Q Financial Statement

#000125860216000077 Filed on May 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NNI
NELNET INC Stock $nni