2024 Q3 Form 10-Q Financial Statement

#000125860224000058 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $240.5M
YoY Change -15.49%
Cost Of Revenue $72.09M
YoY Change 40.04%
Gross Profit $168.4M
YoY Change -27.75%
Gross Profit Margin 70.02%
Selling, General & Admin $142.1M
YoY Change 0.63%
% of Gross Profit 84.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.40M
YoY Change 3.7%
% of Gross Profit 21.62%
Operating Expenses $221.5M
YoY Change 3.3%
Operating Profit -$53.10M
YoY Change -384.49%
Interest Expense $2.074M
YoY Change -99.0%
% of Operating Profit
Other Income/Expense, Net $61.64M
YoY Change 20.0%
Pretax Income -$2.223M
YoY Change -104.2%
Income Tax -$282.0K
% Of Pretax Income
Net Earnings $2.388M
YoY Change -94.73%
Net Earnings / Revenue 0.99%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.07
COMMON SHARES
Basic Shares Outstanding 36.43M shares
Diluted Shares Outstanding 36.43M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.216B
YoY Change -5.99%
Cash & Equivalents $219.7M
Short-Term Investments $996.4M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $153.6M
Other Receivables $0.00
Total Short-Term Assets $373.3M
YoY Change 17.4%
LONG-TERM ASSETS
Property, Plant & Equipment $124.6M
YoY Change -1.68%
Goodwill $158.0M
YoY Change -10.67%
Intangibles $38.37M
YoY Change -26.08%
Long-Term Investments $1.904B
YoY Change -2.18%
Other Assets $729.1M
YoY Change 20.51%
Total Long-Term Assets $13.71B
YoY Change -18.89%
TOTAL ASSETS
Total Short-Term Assets $373.3M
Total Long-Term Assets $13.71B
Total Assets $14.08B
YoY Change -18.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $404.5M
YoY Change 18.26%
Accrued Expenses $25.39M
YoY Change -29.48%
Deferred Revenue
YoY Change
Short-Term Debt $1.071B
YoY Change 49.13%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.501B
YoY Change 36.92%
LONG-TERM LIABILITIES
Long-Term Debt $8.938B
YoY Change -28.19%
Other Long-Term Liabilities $434.9M
YoY Change 3.8%
Total Long-Term Liabilities $9.373B
YoY Change -27.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.501B
Total Long-Term Liabilities $9.373B
Total Liabilities $10.87B
YoY Change -22.13%
SHAREHOLDERS EQUITY
Retained Earnings $3.288B
YoY Change -0.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.291B
YoY Change
Total Liabilities & Shareholders Equity $14.08B
YoY Change -18.22%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $2.388M
YoY Change -94.73%
Depreciation, Depletion And Amortization $36.40M
YoY Change 3.7%
Cash From Operating Activities $137.0M
YoY Change -11.13%
INVESTING ACTIVITIES
Capital Expenditures $4.438M
YoY Change -70.99%
Acquisitions
YoY Change
Other Investing Activities $258.7M
YoY Change -40.05%
Cash From Investing Activities $254.2M
YoY Change -38.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -436.0M
YoY Change -26.33%
NET CHANGE
Cash From Operating Activities 137.0M
Cash From Investing Activities 254.2M
Cash From Financing Activities -436.0M
Net Change In Cash -44.67M
YoY Change 108.76%
FREE CASH FLOW
Cash From Operating Activities $137.0M
Capital Expenditures $4.438M
Free Cash Flow $132.6M
YoY Change -4.54%

Facts In Submission

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NetIncomeLoss
2388000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
44354000 usd
us-gaap Net Income Loss
NetIncomeLoss
120886000 usd
us-gaap Net Income Loss
NetIncomeLoss
97739000 usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.61
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.61
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36703314 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36703314 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37437587 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37437587 shares
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-1941000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
39607000 usd
us-gaap Profit Loss
ProfitLoss
112488000 usd
us-gaap Profit Loss
ProfitLoss
79034000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
23000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
6000 usd
CY2024Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2656000 usd
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-4566000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
28291000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1721000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1064000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
3326000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-3001000 usd
CY2024Q3 us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
64000 usd
CY2023Q3 us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
66000 usd
us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
186000 usd
us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
136000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
6036000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
19115000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
3810000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
12061000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
62000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
336000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-570000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-163000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
15000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
829000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3981000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1112000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-18705000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
139574000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
109666000 usd
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
29150000 usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q3 us-gaap Derivative Gain Loss Statement Of Income Or Comprehensive Income Extensible Enumeration
DerivativeGainLossStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://www.nelnet.com/20240930#DerivativeMarketValueAdjustmentsAndDerivativeSettlementsNet
us-gaap Late Fee Income Servicing Financial Asset Statement Of Income Or Comprehensive Income Extensible Enumeration
LateFeeIncomeServicingFinancialAssetStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://www.nelnet.com/20240930#OtherIncomeExpenseOtherNet
us-gaap Contractually Specified Servicing Fee Income Statement Of Income Or Comprehensive Income Extensible Enumeration
ContractuallySpecifiedServicingFeeIncomeStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
http://www.nelnet.com/20240930#OtherIncomeExpenseOtherNet
CY2024Q3 us-gaap Derivative Asset Statement Of Financial Position Extensible Enumeration
DerivativeAssetStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherAssets
CY2024Q3 us-gaap Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#OtherLiabilities
CY2024Q3 nni Investments And Notes Receivable
InvestmentsAndNotesReceivable
1903561000 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
50272000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
72088000 usd
CY2023Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
141204000 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.29
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37498073 shares
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-11000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
12734000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3237139000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3220022000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-1941000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
829000 usd
CY2024Q3 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
20999000 usd
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
23145000 usd
CY2024Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10148000 usd
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1230000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2868000 usd
CY2024Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
576000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3210138000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3183199000 usd
us-gaap Profit Loss
ProfitLoss
79034000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11927000 usd
us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
31996000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
53026000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29049000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5620000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11748000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4310000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3237139000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3200107000 usd
us-gaap Profit Loss
ProfitLoss
112488000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
18688000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
49715000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
30676000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4527000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8703000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
82887000 usd
nni Stock Issued During Period Value Acquisitions Noncontrolling Interest
StockIssuedDuringPeriodValueAcquisitionsNoncontrollingInterest
-247000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3210138000 usd
us-gaap Net Income Loss
NetIncomeLoss
120886000 usd
us-gaap Net Income Loss
NetIncomeLoss
97739000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-8398000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-18705000 usd
us-gaap Profit Loss
ProfitLoss
112488000 usd
us-gaap Profit Loss
ProfitLoss
79034000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
106022000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
128658000 usd
nni Loan Discount Deferred Lender Fees Accretion
LoanDiscountDeferredLenderFeesAccretion
-36838000 usd
nni Loan Discount Deferred Lender Fees Accretion
LoanDiscountDeferredLenderFeesAccretion
-22527000 usd
nni Financing Receivable Credit Loss Including Off Balance Liabilities Expense Reversal
FinancingReceivableCreditLossIncludingOffBalanceLiabilitiesExpenseReversal
32551000 usd
nni Financing Receivable Credit Loss Including Off Balance Liabilities Expense Reversal
FinancingReceivableCreditLossIncludingOffBalanceLiabilitiesExpenseReversal
5065000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3668000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-32266000 usd
nni Proceeds From Payments For Termination Of Derivative Instrument
ProceedsFromPaymentsForTerminationOfDerivativeInstrument
0 usd
nni Proceeds From Payments For Termination Of Derivative Instrument
ProceedsFromPaymentsForTerminationOfDerivativeInstrument
164079000 usd
nni Proceeds From Payments To Clearinghouse
ProceedsFromPaymentsToClearinghouse
-4404000 usd
nni Proceeds From Payments To Clearinghouse
ProceedsFromPaymentsToClearinghouse
-210168000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
-1685000 usd
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
-16776000 usd
nni Gain Loss On Investments And Notes Receivable
GainLossOnInvestmentsAndNotesReceivable
-6595000 usd
nni Gain Loss On Investments And Notes Receivable
GainLossOnInvestmentsAndNotesReceivable
-73296000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-22707000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-25403000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
8954000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
11981000 usd
nni Tangible Asset Impairment Charges And Provision For Beneficial Interests
TangibleAssetImpairmentChargesAndProvisionForBeneficialInterests
36865000 usd
nni Tangible Asset Impairment Charges And Provision For Beneficial Interests
TangibleAssetImpairmentChargesAndProvisionForBeneficialInterests
2588000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-168795000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-5613000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-42553000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-64738000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-48059000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7069000 usd
nni Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-2857000 usd
nni Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-3859000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-10002000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
342000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11435000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
19132000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2868000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3908000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
481000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-75000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
482357000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
352565000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
611595000 usd
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
556255000 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
104198000 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
467554000 usd
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
2745084000 usd
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
1910379000 usd
us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
291693000 usd
us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
341760000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
391018000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
510804000 usd
nni Payments To Acquire Debt Securities Available For Sale Restricted
PaymentsToAcquireDebtSecuritiesAvailableForSaleRestricted
23288000 usd
nni Payments To Acquire Debt Securities Available For Sale Restricted
PaymentsToAcquireDebtSecuritiesAvailableForSaleRestricted
0 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
370896000 usd
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
776096000 usd
nni Proceeds From Sale And Maturity Of Debt Securities Available For Sale Restricted
ProceedsFromSaleAndMaturityOfDebtSecuritiesAvailableForSaleRestricted
1280000 usd
nni Proceeds From Sale And Maturity Of Debt Securities Available For Sale Restricted
ProceedsFromSaleAndMaturityOfDebtSecuritiesAvailableForSaleRestricted
0 usd
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
33898000 usd
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
23753000 usd
nni Payments To Acquire Other Investments And Issuance Of Notes Receivable
PaymentsToAcquireOtherInvestmentsAndIssuanceOfNotesReceivable
287590000 usd
nni Payments To Acquire Other Investments And Issuance Of Notes Receivable
PaymentsToAcquireOtherInvestmentsAndIssuanceOfNotesReceivable
179632000 usd
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
79095000 usd
us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
30417000 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 usd
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
11325000 usd
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
11890000 usd
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
2893000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38280000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52604000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2077867000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1307124000 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
3010914000 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
2996916000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
85037000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
756268000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2191000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2233000 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
26731000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
82887000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1424000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1315000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
325000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
51245000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
32581000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3587000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2519000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2686900000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2224554000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
203000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-206000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126473000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-565071000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1025491000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1357616000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
899018000 usd
us-gaap Interest Paid Net
InterestPaidNet
511247000 usd
us-gaap Interest Paid Net
InterestPaidNet
585482000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13441000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
45444000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3615000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
5029000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1048000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18860000 usd
us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
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Basis of Financial Reporting<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited consolidated financial statements of Nelnet, Inc. and subsidiaries (the “Company”) as of September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 have been prepared on the same basis as the audited consolidated financial statements for the year ended December 31, 2023 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 (GAAP) 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 three and nine months ended September 30, 2024 are not necessarily indicative of the results for the year ending December 31, 2024. The unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report").</span></div>
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