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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Net income attributable to Nelnet, Inc. $ 66,210 $ 163,359
Net income (loss) attributable to noncontrolling interests 115 (637)
Net income 66,325 162,722
Adjustments to reconcile net income to net cash (used in) provided by operating activities, net of acquisition:    
Depreciation and amortization, including debt discounts and loan premiums and deferred origination costs 94,121 89,225
Loan discount accretion (18,806) (21,799)
Provision for loan losses 16,000 7,500
Derivative market value adjustments 67,635 (55,135)
Proceeds from termination of derivative instruments 2,119 0
(Payments to) proceeds from clearinghouse - initial and variation margin, net (77,229) 40,261
Loss on extinguishment of debt 1,801 0
Gain from sale of loans (1,712) 0
Gain from debt repurchases 0 (359)
Gain from investments and notes receivable, net (2,970) (6,828)
Deferred income tax (benefit) expense (15,023) 21,294
Non-cash compensation expense 3,138 2,735
Other (214) 1,810
Increase in accrued interest receivable (44,967) (160,698)
(Increase) decrease in accounts receivable (5,972) 2,400
(Increase) decrease in other assets (1,543) 54,249
(Decrease) increase in accrued interest payable (5,208) 13,187
Decrease in other liabilities (4,669) (46,572)
Decrease in due to customers (90,661) (32,361)
Net cash (used in) provided by operating activities (17,835) 71,631
Cash flows from investing activities, net of acquisitions:    
Purchases of loans (997,123) (2,593,232)
Purchases of loans from a related party (32,580) 0
Net proceeds from loan repayments, claims, capitalized interest, and other 1,889,084 1,694,829
Proceeds from sale of loans 42,215 1,392
Purchases of available-for-sale securities (1,010) (38,064)
Proceeds from sales of available-for-sale securities 192 31,785
Purchases of investments and issuance of notes receivable (26,314) (24,224)
Proceeds from investments and notes receivable 24,731 16,092
Purchases of property and equipment (43,715) (65,009)
Business acquisition, net of cash and restricted cash acquired 0 (109,152)
Net cash provided by (used in) investing activities 855,480 (1,085,583)
Cash flows from financing activities:    
Payments on bonds and notes payable (2,007,483) (1,643,650)
Proceeds from issuance of bonds and notes payable 1,092,186 2,727,412
Payments of debt issuance costs (5,515) (5,445)
Payment of debt extinguishment costs (1,394) 0
Dividends paid (14,403) (13,014)
Repurchases of common stock (40,041) (16,328)
Proceeds from issuance of common stock 724 501
Acquisition of noncontrolling interest 0 (13,449)
Issuance of noncontrolling interests 0 468
Distribution to noncontrolling interests (113) (256)
Net cash (used in) provided by financing activities (976,039) 1,036,239
Net (decrease) increase in cash, cash equivalents, and restricted cash (138,394) 22,287
Cash, cash equivalents, and restricted cash, beginning of period 1,192,391 942,066
Cash, cash equivalents, and restricted cash, end of period 1,053,997 964,353
Supplemental disclosures of cash flow information:    
Cash disbursements made for interest 354,902 259,980
Cash disbursements (refunds received) for income taxes, net of payments 11,529 (7,290)
Noncash investing activity:    
Receipt of beneficial interest in consumer loan securitization $ 7,921 $ 0