Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $257M | $173M | $228M | $142M | $352M | $393M | $407M | $89.8M | $184M | $428M |
| EPS (diluted) | $6.02 | $4.14 | $5.57 | $3.54 | $9.02 | $10.20 | $10.82 | $2.40 | $5.02 | $11.79 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $300M | $322M | $271M | $299M | $349M | $480M | $683M | $432M | $663M | $423M |
| Capital expenditures | $67.6M | $156M | $125M | $92.5M | $113M | $59.0M | $59.4M | $74.1M | $20.9M | $26.2M |
| Free cash flow | $233M | $166M | $146M | $206M | $236M | $421M | $624M | $358M | $642M | $397M |
| Share buybacks | $69.1M | $68.9M | $45.3M | $40.4M | $73.4M | $58.1M | $97.7M | $28.0M | $83.3M | $69.3M |
| Dividends paid | $21.2M | $24.1M | $26.8M | $29.5M | $31.8M | $34.5M | $36.6M | $39.4M | $40.8M | $43.0M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $69.7M | $66.8M | $121M | $134M | $121M | $126M | $118M | $168M | $195M | $296M |
| Total assets | $27.2B | $24.0B | $25.2B | $23.7B | $22.6B | $21.7B | $19.4B | $16.7B | $13.8B | $14.1B |
| Total liabilities | $25.1B | $21.8B | $22.9B | $21.3B | $20.0B | $18.7B | $16.2B | $13.5B | $10.5B | $10.5B |
| Long-term debt | — | — | — | — | $19.3B | $17.6B | $14.6B | $11.8B | $8.31B | $7.78B |
| Shareholders' equity | $2.06B | $2.15B | $2.30B | $2.39B | $2.63B | $2.95B | $3.20B | $3.25B | $3.35B | $3.69B |
| Retained earnings | $2.06B | $2.14B | $2.30B | $2.38B | $2.62B | $2.94B | $3.23B | $3.27B | $3.34B | $3.68B |
| Shares (wtd avg diluted) | — | — | — | 40.0M | 39.1M | 38.6M | 37.6M | 37.4M | 36.6M | 36.3M |
Every figure is extracted from NELNET INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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