XML 39 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Loans and accrued interest receivable $ 18,335,197 $ 20,185,656
Cash and cash equivalents:    
Cash and cash equivalents - not held at a related party 30,128 33,292
Cash and cash equivalents - held at a related party 95,435 87,957
Total cash and cash equivalents 125,563 121,249
Investments 1,588,919 992,940
Restricted cash 741,981 553,175
Restricted cash - due to customers 326,645 283,971
Accounts receivable (net of allowance for doubtful accounts of $1,160 and $1,824, respectively) 163,315 76,460
Goodwill 142,092 142,092
Intangible assets, net 52,029 75,070
Property and equipment, net 119,413 123,527
Other assets 82,887 92,020
Total assets 21,678,041 22,646,160
Liabilities:    
Bonds and notes payable 17,631,089 19,320,726
Accrued interest payable 4,566 28,701
Bank deposits 344,315 54,633
Other liabilities 379,231 312,280
Due to customers 366,002 301,471
Total liabilities 18,725,203 20,017,811
Commitments and contingencies
Nelnet, Inc. shareholders' equity:    
Preferred stock, $0.01 par value. Authorized 50,000,000 shares; no shares issued or outstanding 0 0
Common stock:    
Additional paid-in capital 1,000 3,794
Retained earnings 2,940,523 2,621,762
Accumulated other comprehensive earnings, net 9,304 6,102
Total Nelnet, Inc. shareholders' equity 2,951,206 2,632,042
Noncontrolling interests 1,632 (3,693)
Total equity 2,952,838 2,628,349
Total liabilities and equity 21,678,041 22,646,160
Class A    
Common stock:    
Common stock 272 272
Class B    
Common stock:    
Common stock 107 112
Variable Interest Entity, Primary Beneficiary    
Assets:    
Loans and accrued interest receivable 17,981,414 20,132,996
Cash and cash equivalents:    
Restricted cash 674,073 499,223
Liabilities:    
Bonds and notes payable 17,462,456 19,355,375
Common stock:    
Accrued interest payable and other liabilities (36,276) (83,127)
Net assets of consolidated education and other lending variable interest entities $ 1,156,755 $ 1,193,717