$NNI
NELNET INC Stock $nni

$nni Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000125860217000030 Filed on May 08, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$0.00	$0.00
YoY Change
Cost Of Revenue	$14.74M	$3.623M
YoY Change	306.96%	-66.45%
Gross Profit	-$14.74M	-$3.623M
YoY Change	306.96%	-66.45%
Gross Profit Margin
Selling, General & Admin	$71.90M	$66.90M
YoY Change	7.47%	-8.1%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$34.31M	$31.08M
YoY Change	10.4%	2.82%
% of Gross Profit
Operating Expenses	$112.6M	$111.5M
YoY Change	1.02%	-3.22%
Operating Profit	-$127.4M	-$115.1M
YoY Change	10.64%	-8.64%
Interest Expense	$106.9M	$90.41M
YoY Change	18.24%	26.35%
% of Operating Profit
Other Income/Expense, Net	$26.16M	$28.38M
YoY Change	-7.81%	-5.73%
Pretax Income	$76.68M	$72.46M
YoY Change	5.81%	-29.26%
Income Tax	$28.76M	$24.43M
% Of Pretax Income	37.5%	33.72%
Net Earnings	$50.03M	$47.96M
YoY Change	4.31%	-25.95%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$1.182M	$1.114M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$108.0M	$51.00M
YoY Change	111.76%	-49.0%
Cash & Equivalents	$108.2M	$51.03M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$46.00M	$45.00M
Other Receivables	$393.0M	$385.0M
Total Short-Term Assets	$547.0M	$481.0M
YoY Change	13.72%	-98.29%
LONG-TERM ASSETS
Property, Plant & Equipment	$143.1M	$88.71M
YoY Change	61.27%	73.93%
Goodwill	$147.3M	$147.3M
YoY Change	0.0%	16.73%
Intangibles	$45.43M	$48.83M
YoY Change	-6.95%	21.51%
Long-Term Investments	$274.0M	$273.0M
YoY Change	0.37%	-1.44%
Other Assets	$881.0M	$1.011B
YoY Change	-12.86%	7.78%
Total Long-Term Assets	$25.59B	$29.11B
YoY Change	-12.07%	1430.57%
TOTAL ASSETS
Total Short-Term Assets	$547.0M	$481.0M
Total Long-Term Assets	$25.59B	$29.11B
Total Assets	$26.14B	$29.59B
YoY Change	-11.65%	-1.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$94.00M	$86.00M
YoY Change	9.3%	19.44%
Accrued Expenses	$46.00M	$39.00M
YoY Change	17.95%	44.44%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$140.0M	$125.0M
YoY Change	12.0%	26.26%
LONG-TERM LIABILITIES
Long-Term Debt	$23.60B	$27.35B
YoY Change	-13.73%	-1.67%
Other Long-Term Liabilities	$279.0M	$228.0M
YoY Change	22.37%	-12.31%
Total Long-Term Liabilities	$23.87B	$27.58B
YoY Change	-13.43%	-1.77%
TOTAL LIABILITIES
Total Short-Term Liabilities	$140.0M	$125.0M
Total Long-Term Liabilities	$23.87B	$27.58B
Total Liabilities	$24.01B	$27.70B
YoY Change	-13.32%	-1.67%
SHAREHOLDERS EQUITY
Retained Earnings	$2.100B	$1.874B
YoY Change	12.1%	6.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.108B	$1.878B
YoY Change
Total Liabilities & Shareholders Equity	$26.14B	$29.59B
YoY Change	-11.65%	-1.22%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$50.03M	$47.96M
YoY Change	4.31%	-25.95%
Depreciation, Depletion And Amortization	$34.31M	$31.08M
YoY Change	10.4%	2.82%
Cash From Operating Activities	$47.83M	$104.5M
YoY Change	-54.24%	-19.2%
INVESTING ACTIVITIES
Capital Expenditures	$26.47M	$15.26M
YoY Change	73.48%	82.25%
Acquisitions	$0.00
YoY Change
Other Investing Activities	$4.898M	$3.021M
YoY Change	62.13%	-93.95%
Cash From Investing Activities	$858.1M	$729.7M
YoY Change	17.6%	2192.79%
FINANCING ACTIVITIES
Cash Dividend Paid	$5.896M	$5.093M
YoY Change	15.77%	10.38%
Common Stock Issuance & Retirement, Net	$1.369M	$51.84M
YoY Change	-97.36%	574.05%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$1.087B	-$846.7M
YoY Change	28.35%	341.89%
NET CHANGE
Cash From Operating Activities	$47.83M	$104.5M
Cash From Investing Activities	$858.1M	$729.7M
Cash From Financing Activities	-$1.087B	-$846.7M
Net Change In Cash	-$180.8M	-$12.50M
YoY Change	1347.16%	-58.95%
FREE CASH FLOW
Cash From Operating Activities	$47.83M	$104.5M
Capital Expenditures	$26.47M	$15.26M
Free Cash Flow	$21.36M	$89.26M
YoY Change	-76.07%	-26.22%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001258602
CY2017Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q2	dei	Entity Public Float EntityPublicFloat	781008370	USD
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	NELNET INC
CY2017Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2016Q4	nni	Cash And Cash Equivalents Not Held At Related Party CashAndCashEquivalentsNotHeldAtRelatedParty	7841000	USD
CY2017Q1	nni	Cash And Cash Equivalents Not Held At Related Party CashAndCashEquivalentsNotHeldAtRelatedParty	9616000	USD
CY2016Q4	nni	Cash And Cash Equivalents Related Party CashAndCashEquivalentsRelatedParty	61813000	USD
CY2017Q1	nni	Cash And Cash Equivalents Related Party CashAndCashEquivalentsRelatedParty	98544000	USD
CY2017Q1	nni	Centrallyclearedvariationmargin Centrallyclearedvariationmargin	50401000	USD
CY2016Q1	nni	Cost To Provide Enrollment Services CostToProvideEnrollmentServices	3623000	USD
CY2017Q1	nni	Cost To Provide Enrollment Services CostToProvideEnrollmentServices	0	USD
CY2016Q1	nni	Costtoprovidetelecommunicationsservices Costtoprovidetelecommunicationsservices	1703000	USD
CY2017Q1	nni	Costtoprovidetelecommunicationsservices Costtoprovidetelecommunicationsservices	1954000	USD
CY2016Q4	nni	Derivative Assets Not Designated As Hedging Instruments Net DerivativeAssetsNotDesignatedAsHedgingInstrumentsNet	85126000	USD
CY2017Q1	nni	Derivative Assets Not Designated As Hedging Instruments Net DerivativeAssetsNotDesignatedAsHedgingInstrumentsNet	39652000	USD
CY2016Q4	nni	Derivative Liabilities Not Designated As Hedging Instruments Net DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentsNet	67654000	USD
CY2017Q1	nni	Derivative Liabilities Not Designated As Hedging Instruments Net DerivativeLiabilitiesNotDesignatedAsHedgingInstrumentsNet	71203000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	108160000	USD
CY2016Q1	nni	Derivative Market Value And Foreign Currency Adjustment DerivativeMarketValueAndForeignCurrencyAdjustment	-22154000	USD
CY2017Q1	nni	Derivative Market Value And Foreign Currency Adjustment DerivativeMarketValueAndForeignCurrencyAdjustment	-53853000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-12495000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	38506000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	47093000	USD
CY2016Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	-132000	USD
CY2017Q1	nni	Servicingexpenses Servicingexpenses	6025000	USD
CY2016Q1	nni	Student Loan Discount Accretion StudentLoanDiscountAccretion	-10917000	USD
CY2017Q1	us-gaap	Available For Sale Securities Gross Realized Gain Loss Net AvailableForSaleSecuritiesGrossRealizedGainLossNet	331000	USD
CY2016Q1	nni	Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet	-28691000	USD
CY2017Q1	nni	Derivative Market Value And Foreign Currency Adjustments And Derivative Settlements Net DerivativeMarketValueAndForeignCurrencyAdjustmentsAndDerivativeSettlementsNet	-4830000	USD
CY2016Q1	nni	Derivative Settlements DerivativeSettlements	-6537000	USD
CY2017Q1	nni	Derivative Settlements DerivativeSettlements	-1378000	USD
CY2016Q1	nni	Enrollment Services Revenue EnrollmentServicesRevenue	4326000	USD
CY2017Q1	nni	Enrollment Services Revenue EnrollmentServicesRevenue	0	USD
CY2016Q1	nni	Gain On Sale Of Loans And Debt Repurchases Net GainOnSaleOfLoansAndDebtRepurchasesNet	101000	USD
CY2017Q1	nni	Gain On Sale Of Loans And Debt Repurchases Net GainOnSaleOfLoansAndDebtRepurchasesNet	4980000	USD
CY2016Q1	nni	Increaseinotherassetsrelatedtovariationmarginonderivativeinstruments Increaseinotherassetsrelatedtovariationmarginonderivativeinstruments	0	USD
CY2017Q1	nni	Increaseinotherassetsrelatedtovariationmarginonderivativeinstruments Increaseinotherassetsrelatedtovariationmarginonderivativeinstruments	50401000	USD
CY2016Q1	nni	Intersegment Expenses IntersegmentExpenses	0	USD
CY2017Q1	nni	Intersegment Expenses IntersegmentExpenses	0	USD
CY2016Q1	nni	Loan Interest LoanInterest	189988000	USD
CY2017Q1	nni	Loan Interest LoanInterest	181207000	USD
CY2016Q1	nni	Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds	-3522000	USD
CY2017Q1	nni	Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds Paymentstoterminateandoramendderivativeinstrumentsnetofproceeds	-913000	USD
CY2016Q1	nni	Purchase Saleof Financing Receivables PurchaseSaleofFinancingReceivables	160000	USD
CY2017Q1	nni	Purchase Saleof Financing Receivables PurchaseSaleofFinancingReceivables	0	USD
CY2016Q4	nni	Restricted Cash Due To Customers RestrictedCashDueToCustomers	119702000	USD
CY2017Q1	nni	Restricted Cash Due To Customers RestrictedCashDueToCustomers	93699000	USD
CY2016Q1	nni	Servicingexpenses Servicingexpenses	6928000	USD
CY2017Q1	nni	Student Loan Discount Accretion StudentLoanDiscountAccretion	-12014000	USD
CY2016Q1	nni	Telecommunicationsrevenue Telecommunicationsrevenue	4346000	USD
CY2017Q1	nni	Telecommunicationsrevenue Telecommunicationsrevenue	5106000	USD
CY2016Q1	nni	Tuition Payment Processing And Campus Commerce Revenue TuitionPaymentProcessingAndCampusCommerceRevenue	38657000	USD
CY2017Q1	nni	Tuition Payment Processing And Campus Commerce Revenue TuitionPaymentProcessingAndCampusCommerceRevenue	43620000	USD
CY2016Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	43972000	USD
CY2017Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	45944000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	4730000	USD
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	5315000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	420000	USD
CY2017Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2236000	USD
CY2016Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1183000	USD
CY2017Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1096000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1549000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1643000	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2500000	USD
CY2017Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2400000	USD
CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2017Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2016Q4	us-gaap	Assets Assets	27180108000	USD
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CY2017Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	8598000	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	31078000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	63529000	USD
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CY2016Q4	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue	87531000	USD
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-18480000	USD
CY2017Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-4690000	USD
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-4260000	USD
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CY2016Q1	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	101000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	50611000	USD
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CY2016Q4	us-gaap	Goodwill Goodwill	147312000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	147312000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	72462000	USD
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CY2016Q1	us-gaap	Concentration Risk Customer ConcentrationRiskCustomer	Department of Education
CY2017Q1	us-gaap	Concentration Risk Customer ConcentrationRiskCustomer	Department of Education
CY2016Q1	us-gaap	Cost Of Services CostOfServices	3623000	USD
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CY2017Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue	39652000	USD
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CY2017Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue	79095000	USD
CY2016Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	5093000	USD
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CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	1.11
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CY2015Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	50498000	USD
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CY2016Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	101609000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-5961000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1972000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	90408000	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	452000	USD
CY2017Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	1490000	USD
CY2016Q1	us-gaap	Increase Decrease In Financial Instruments Used In Operating Activities IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities	0	USD
CY2017Q1	us-gaap	Increase Decrease In Financial Instruments Used In Operating Activities IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities	929000	USD
CY2016Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	7443000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	104514000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	73833000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	47961000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	50026000	USD
CY2017Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	750000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2922000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-294000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2551000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	6954000	USD
CY2016Q1	us-gaap	Increase Decrease In Restricted Cash And Investments IncreaseDecreaseInRestrictedCashAndInvestments	92301000	USD
CY2017Q1	us-gaap	Increase Decrease In Restricted Cash And Investments IncreaseDecreaseInRestrictedCashAndInvestments	-193326000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	47813000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	106899000	USD
CY2016Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	99109000	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	68000	USD
CY2017Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	76925000	USD
CY2016Q1	us-gaap	Interest Paid InterestPaid	66091000	USD
CY2017Q1	us-gaap	Interest Paid InterestPaid	88066000	USD
CY2016Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	45677000	USD
CY2017Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	46427000	USD
CY2016Q4	us-gaap	Interest Receivable InterestReceivable	391264000	USD
CY2017Q1	us-gaap	Interest Receivable InterestReceivable	392754000	USD
CY2016Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	2029000	USD
CY2017Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	2617000	USD
CY2016Q4	us-gaap	Investments Investments	254144000	USD
CY2017Q1	us-gaap	Investments Investments	273818000	USD
CY2016Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	63242000	USD
CY2017Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	71863000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	25109183000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	24013553000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	27180108000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26141220000	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	9270000	USD
CY2017Q1	us-gaap	Minority Interest MinorityInterest	19480000	USD
CY2016Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	97000	USD
CY2017Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	310000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-846689000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1086742000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	729680000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1051415000	USD
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	-132000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	331000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-510000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	26469000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-2106000	USD
CY2016Q1	us-gaap	Noncontrolling Interest Increase From Sale Of Parent Equity Interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest	975000	USD
CY2017Q1	us-gaap	Noncontrolling Interest Increase From Sale Of Parent Equity Interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest	12626000	USD
CY2016Q1	us-gaap	Noninterest Income NoninterestIncome	84865000	USD
CY2017Q1	us-gaap	Noninterest Income NoninterestIncome	115737000	USD
CY2016Q4	us-gaap	Notes Receivable Net NotesReceivableNet	24903724000	USD
CY2017Q1	us-gaap	Notes Receivable Net NotesReceivableNet	24003386000	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	111512000	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	114987000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	10245000	USD
CY2017Q1	us-gaap	Other Assets OtherAssets	60364000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-868000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	585000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	343000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-1510000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	1259000	USD
CY2016Q1	us-gaap	Other Expenses OtherExpenses	28376000	USD
CY2017Q1	us-gaap	Other Expenses OtherExpenses	26547000	USD
CY2016Q1	us-gaap	Other Income OtherIncome	13796000	USD
CY2017Q1	us-gaap	Other Income OtherIncome	12632000	USD
CY2016Q4	us-gaap	Other Liabilities OtherLiabilities	197488000	USD
CY2017Q1	us-gaap	Other Liabilities OtherLiabilities	199816000	USD
CY2016Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1990000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-581000	USD
CY2016Q4	us-gaap	Payables To Customers PayablesToCustomers	119702000	USD
CY2017Q1	us-gaap	Payables To Customers PayablesToCustomers	93699000	USD
CY2016Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	3021000	USD
CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	4898000	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	52069000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1369000	USD
CY2016Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	164000	USD
CY2017Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	364000	USD
CY2016Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	5093000	USD
CY2017Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	5896000	USD
CY2016Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	97000	USD
CY2017Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	310000	USD
CY2016Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	14595000	USD
CY2017Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	53530000	USD
CY2016Q1	us-gaap	Payments To Acquire Finance Receivables PaymentsToAcquireFinanceReceivables	108543000	USD
CY2017Q1	us-gaap	Payments To Acquire Finance Receivables PaymentsToAcquireFinanceReceivables	50126000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	15258000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	870898000	USD
CY2017Q1	us-gaap	Proceeds From Collection Of Finance Receivables ProceedsFromCollectionOfFinanceReceivables	953698000	USD
CY2016Q1	us-gaap	Proceeds From Collection Of Other Receivables ProceedsFromCollectionOfOtherReceivables	3087000	USD
CY2017Q1	us-gaap	Proceeds From Collection Of Other Receivables ProceedsFromCollectionOfOtherReceivables	1605000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	228000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	67698000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	37496000	USD
CY2016Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	955000	USD
CY2017Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	12600000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	-3436000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	7000	USD
CY2016Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	44675000	USD
CY2017Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	37809000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	44738000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Finance Receivables ProceedsFromSaleOfFinanceReceivables	0	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	48029000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	47920000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	123786000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	143062000	USD
CY2016Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	2500000	USD
CY2017Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	1000000	USD
CY2016Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	858147000	USD
CY2017Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	1128899000	USD
CY2016Q4	us-gaap	Restricted Cash And Investments RestrictedCashAndInvestments	980961000	USD
CY2017Q1	us-gaap	Restricted Cash And Investments RestrictedCashAndInvestments	787635000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2056084000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2100214000	USD
CY2016Q1	us-gaap	Revenues Revenues	0	USD
CY2017Q1	us-gaap	Revenues Revenues	0	USD
CY2016Q1	us-gaap	Servicing Fees Net ServicingFeesNet	52330000	USD
CY2017Q1	us-gaap	Servicing Fees Net ServicingFeesNet	54229000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1242000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1121000	USD
CY2016Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2708000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2090000	USD
CY2016Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	52069000	USD
CY2017Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	1369000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	2061655000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	2108187000	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
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2070925000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2127667000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	43088092	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	42291857	shares
CY2017Q1	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%;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;">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, 2017</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, 2017 and 2016</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, 2016</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, 2017</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, 2017</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, 2016</font><font style="font-family:inherit;font-size:10pt;"> (the "</font><font style="font-family:inherit;font-size:10pt;">2016</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;">Noncontrolling Interest</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;">Nelnet Servicing, LLC ("Nelnet Servicing"), a subsidiary of the Company, and Great Lakes Educational Loan Services, Inc. ("Great Lakes") created a joint venture to respond to the U.S. Department of Education’s initiative to procure a contract for federal student loan servicing to acquire a single servicing platform to service all loans owned by the Department.  The joint venture operates as a new legal entity called GreatNet Solutions, LLC (“GreatNet”).  Nelnet Servicing and Great Lakes each own </font><font style="font-family:inherit;font-size:10pt;">50 percent</font><font style="font-family:inherit;font-size:10pt;"> of the ownership interests in GreatNet.  See note 11 for additional information on the contract procurement process.  </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;">During the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, Nelnet Servicing contributed </font><font style="font-family:inherit;font-size:10pt;">$12.6 million</font><font style="font-family:inherit;font-size:10pt;"> to GreatNet and GreatNet began to incur certain operating costs.  For financial reporting purposes, the balance sheet and operating results of GreatNet are included in the Company’s consolidated financial statements and presented in the Company’s Loan Systems and Servicing operating segment.  The proportionate share of membership interest (equity) and net loss of GreatNet that is attributable to Great Lakes is reflected as minority interest in the consolidated financial statements.  </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;">For a description of other entities in which the Company reflects minority interest in its consolidated financial statements, see note 2 of the notes to consolidated financial statements included in the 2016 Annual Report.</font></div></div>

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$NNI
NELNET INC Stock $nni

2017 Q1 Form 10-Q Financial Statement

#000125860217000030 Filed on May 08, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NNI NELNET INC Stock $nni

2017 Q1 Form 10-Q Financial Statement

#000125860217000030 Filed on May 08, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NNI
NELNET INC Stock $nni