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NNI - Nelnet, Inc.

NYSE -> Financial Services -> Credit Services
Lincoln, United States
Type: Equity

NNI price evolution
NNI
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $1025.49 $792.54 $814.02 $898.04
Short term investments
Net receivables $196.2 $130.07 $135.69 $151.17
Inventory
Total current assets $364.31 $317.76 $257.46 $338.75
Long term investments
Property, plant & equipment $127.01 $126.7 $130.45 $132.63
Goodwill & intangible assets $202.85 $228.81 $234.19 $237.69
Total noncurrent assets
Total investments $1888.94 $1945.69 $2006.31 $1987.57
Total assets $16736.65 $17222.68 $17807.63 $18082.61
Current liabilities
Accounts payable $425.51 $341.82 $299.55 $280.62
Deferred revenue
Short long term debt
Total current liabilities $1204.5 $1096.27 $1066.52 $990.77
Long term debt $11828.39 $12448.11 $13070.14 $13438.42
Total noncurrent liabilities
Total debt $11828.39 $12448.11 $13070.14 $13438.42
Total liabilities $13514.73 $13963.53 $14560.12 $14859.28
Shareholders' equity
Retained earnings $3279.27 $3305.88 $3270.25 $3251.68
Other shareholder equity -$20.12 -$25.44 -$21.46 -$27.01
Total shareholder equity $3262.62 $3294.98 $3259.28 $3229.68
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $1025.49 $1357.62 $1194.19 $958.39
Short term investments
Net receivables $196.2 $194.85 $163.31 $76.46
Inventory
Total current assets $364.31 $313 $288.88 $197
Long term investments
Property, plant & equipment $127.01 $137.38 $119.41 $123.53
Goodwill & intangible assets $202.85 $240.4 $194.12 $217.16
Total noncurrent assets
Total investments $1888.94 $2111.92 $1588.92 $992.94
Total assets $16736.65 $19374.04 $21678.04 $22646.16
Current liabilities
Accounts payable $425.51 $348.32 $366 $301.47
Deferred revenue
Short long term debt
Total current liabilities $1223.59 $1096.1 $735.88 $409
Long term debt $11828.39 $14637.19 $17631.09 $19320.73
Total noncurrent liabilities
Total debt $11828.39 $14637.19 $17631.09 $19320.73
Total liabilities $13514.73 $16175.08 $18725.2 $20017.81
Shareholders' equity
Retained earnings $3279.27 $3234.84 $2940.52 $2621.76
Other shareholder equity -$20.12 -$37.37 $9.3 $6.1
Total shareholder equity $3262.62 $3198.96 $2951.21 $2632.04
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $249.73 $318.86 $288.47 $297.39
Cost of revenue $62.75 $51.48 $49.53 $56
Gross Profit $186.98 $267.38 $238.94 $241.39
Operating activities
Research & development
Selling, general & administrative $152.92 $141.2 $144.71 $152.71
Total operating expenses $226.62 $214.41 $209.35 $210.12
Operating income -$39.63 $52.97 $29.59 $31.27
Income from continuing operations
EBIT -$18.28 $56.07 $38.76 $34.74
Income tax expense -$9.72 $10.73 $10.49 $8.25
Interest expense
Net income
Net income -$8.55 $45.33 $28.27 $26.49
Income (for common shares) -$8.55 $45.33 $28.27 $26.49
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1154.45 $1512.27 $1337.11 $1336.61
Cost of revenue $219.76 $168.37 $108.66 $105.02
Gross Profit $934.69 $1343.9 $1228.45 $1231.59
Operating activities
Research & development
Selling, general & administrative $591.54 $589.58 $507.13 $501.83
Total operating expenses $860.51 $834.43 $726.34 $781.11
Operating income $74.19 $509.46 $502.11 $450.49
Income from continuing operations
EBIT $111.28 $520.57 $509.11 $453.3
Income tax expense $19.75 $113.22 $115.82 $100.86
Interest expense
Net income
Net income $91.53 $407.35 $393.29 $352.44
Income (for common shares) $91.53 $407.35 $393.29 $352.44
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$8.55 $45.33 $28.27 $26.49
Operating activities
Depreciation $17.76 $36.55 $60.5 $35.46
Business acquisitions & disposals -$0.04 -$467.52
Stock-based compensation $4.5 $4.17 $3.97 $3.84
Total cash flows from operations $79.76 $154.24 $76.13 $122.84
Investing activities
Capital expenditures -$21.45 -$15.35 -$12.82 -$24.43
Investments $653.05 $431.53 $646.74 $748.36
Total cash flows from investing $631.61 $416.14 $166.4 $723.93
Financing activities
Dividends paid -$10.37 -$9.7 -$9.69 -$9.65
Sale and purchase of stock -$23.25 -$0.12 $0.03 -$2.91
Net borrowings -$607.84 -$629.19 -$402.98 -$1210.71
Total cash flows from financing -$478.64 -$591.74 -$326.56 -$1306.26
Effect of exchange rate $0.22 -$0.12 $0.01 -$0.09
Change in cash and equivalents $232.95 -$21.48 -$84.02 -$459.57
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $91.53 $407.35 $393.29 $352.44
Operating activities
Depreciation $150.27 $181.95 $139.5 $198.47
Business acquisitions & disposals -$467.55 -$42.35 -$22.68 -$177.53
Stock-based compensation $16.48 $14.18 $10.67 $16.74
Total cash flows from operations $432.98 $684.06 $544.87 $212.81
Investing activities
Capital expenditures -$74.05 -$59.42 -$58.95 -$113.31
Investments $2479.69 $2373.79 $1267.57 $912.06
Total cash flows from investing $1938.08 $2272.03 $1185.93 $621.22
Financing activities
Dividends paid -$39.42 -$36.61 -$34.46 -$31.78
Sale and purchase of stock -$26.25 -$96.05 -$56.65 -$71.7
Net borrowings -$2850.72 -$3041.41 -$1743.3 -$1253.47
Total cash flows from financing -$2703.2 -$2792.5 -$1494.89 -$1098.24
Effect of exchange rate $0.02 -$0.16 -$0.12
Change in cash and equivalents -$332.13 $163.43 $235.79 -$264.21
Fundamentals
Market cap $3.46B
Enterprise value $14.26B
Shares outstanding 37.06M
Revenue $1.15B
EBITDA $261.56M
EBIT $111.28M
Net Income $91.53M
Revenue Q/Q -19.16%
Revenue Y/Y -23.66%
P/E ratio 37.79
EV/Sales 12.35
EV/EBITDA 54.53
EV/EBIT 128.16
P/S ratio 3.00
P/B ratio 1.05
Book/Share 88.57
Cash/Share 27.67
EPS $2.47
ROA 0.52%
ROE 2.81%
Debt/Equity 4.14
Net debt/EBITDA 47.75
Current ratio 0.30
Quick ratio 0.30