For the year ending 2025-12-31, NNI had $42,526K increase in cash & cash equivalents over the period. $396,747K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 398,346 |
| Depreciation and amortization, including debt discountsand loan premiums and deferred origination costs | 90,622 |
| Loan discount and deferred lender fees accretion | -107,279 |
| Provision for loan losses | 67,851 |
| Provision for beneficial interests | 11,311 |
| Derivative market value adjustments | -9,098 |
| Proceeds from termination of derivative instruments | 0 |
| (payments to) proceeds from clearinghouse - initial and variation margin, net | -5,910 |
| Gain on partial redemption of allo investment | 175,044 |
| Loss on sale of loans, net | -1,720 |
| (gain) loss on investments, net | 24,558 |
| Deferred income tax benefit | -4,307 |
| Non-cash compensation expense | 13,274 |
| Impairment expense | 29,612 |
| Other | -7,997 |
| Decrease in loan and investment accrued interest receivable | -40,674 |
| (increase) decrease in accounts receivable | 33,371 |
| Decrease in other assets | -57,703 |
| Decrease in the carrying amount of rou asset | -3,747 |
| Decrease in accrued interest payable | -4,942 |
| Increase in other liabilities | 51,806 |
| Decrease in the carrying amount of lease liability | -5,365 |
| Total adjustments | 24,639 |
| Net cash provided by operating activities | 422,985 |
| Purchases of loans-Nonrelated Party | 5,335,216 |
| Purchases of loans-Related Party | 686,045 |
| Net proceeds from loan repayments, claims, and capitalized interest | 5,448,255 |
| Proceeds from sale of loans-Nonrelated Party | 240,525 |
| Proceeds from sale of loans-Related Party | 949,093 |
| Purchases of available-for-sale securities | 552,861 |
| Proceeds from sales of available-for-sale securities | 289,001 |
| Proceeds from beneficial interest in loan securitizations | 77,550 |
| Purchases of other investments and issuance of notes receivable | 591,835 |
| Proceeds from other investments and repayments of notes receivable | 533,038 |
| Purchases of held-to-maturity debt securities | 295 |
| Redemption of held-to-maturity debt securities | 11,432 |
| Purchases of property and equipment | 26,238 |
| Net cash provided by investing activities | 356,404 |
| Payments on bonds and notes payable | 2,615,918 |
| Proceeds from issuance of bonds and notes payable | 1,393,200 |
| Payments of debt issuance costs | 7,821 |
| Increase in bank deposits, net | 483,042 |
| (decrease) increase in due to customers | -20,686 |
| Dividends paid | 42,993 |
| Repurchases of common stock | 69,346 |
| Proceeds from issuance of common stock | 1,882 |
| Acquisition of noncontrolling interest | 3,944 |
| Issuance of noncontrolling interests | 153,025 |
| Distribution to noncontrolling interests | 7,579 |
| Net cash used in financing activities | -737,138 |
| Effect of exchange rate changes on cash and restricted cash | 275 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | 42,526 |
| Cash, cash equivalents, and restricted cash, beginning of period | 931,020 |
| Cash, cash equivalents, and restricted cash, end of period | 973,546 |
NELNET INC (NNI)
NELNET INC (NNI)