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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement of Cash Flows [Abstract]      
Net income attributable to Nelnet, Inc. $ 173,166 $ 256,751 $ 267,979
Net (loss) income attributable to noncontrolling interests 11,345 (750) (285)
Net income 161,821 257,501 268,264
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:      
Depreciation and amortization, including debt discounts and loan premiums and deferred origination costs 137,823 122,547 123,736
Loan discount accretion (44,812) (40,617) (43,766)
Provision for loan losses 14,450 13,500 10,150
Derivative market value adjustment (26,379) (59,895) 15,150
Unrealized foreign currency transaction adjustment 45,600 (11,849) (43,801)
(Payments) proceeds from termination of derivative instruments, net (30,382) 3,999 65,527
Payments to enter into derivative instruments (929) 0 (2,936)
Proceeds from clearinghouse to settle variation margin, net 48,985 0 0
Gain on sale of loans, net 0 0 (351)
Gain from debt repurchases, net (2,902) (7,981) (4,802)
Gain from sales of available-for-sale securities, net of losses (2,528) (1,907) (2,955)
Deferred income tax (benefit) expense (1,544) 27,005 7,049
Non-cash compensation expense 4,416 4,348 5,347
Impairment expense 3,626 0 0
Other 3,948 4,215 755
Increase in loan accrued interest receivable (39,203) (7,439) (3,819)
(Increase) decrease in accounts receivable (12,046) 7,454 1,061
(Increase) decrease in other assets (34,457) (2,203) 375
Increase in accrued interest payable 4,362 14,170 5,117
(Decrease) increase in other liabilities (2,341) 2,409 (8,736)
Net cash provided by operating activities 227,508 325,257 391,365
Cash flows from investing activities, net of acquisitions:      
Purchases of loans (325,476) (349,144) (2,189,450)
Net proceeds from loan repayments, claims, capitalized interest, and other 3,363,526 3,735,772 3,668,302
Proceeds from sale of loans 53,203 44,760 3,996
Purchases of available-for-sale securities (128,523) (94,673) (100,476)
Proceeds from sales of available-for-sale securities 156,540 144,252 95,758
Purchases of investments and issuance of notes receivable (29,339) (22,361) (93,948)
Proceeds from investments and notes receivable 11,545 15,898 29,799
Purchases of property and equipment (156,005) (67,602) (16,761)
Decrease (increase) in restricted cash, net 320,108 (147,487) 67,108
Business and asset acquisitions, net of cash acquired 0 0 (46,966)
Proceeds from sale of business, net 4,511 0 0
Net cash provided by investing activities 3,270,090 3,259,415 1,417,362
Cash flows from financing activities, net of borrowings assumed:      
Payments on bonds and notes payable (5,403,224) (4,134,890) (4,368,180)
Proceeds from issuance of bonds and notes payable 1,984,558 650,909 2,614,595
Payments of debt issuance costs (6,497) (5,845) (11,162)
Payment of contingent consideration (850) 0 0
Dividends paid (24,097) (21,188) (19,025)
Repurchases of common stock (68,896) (69,091) (96,169)
Proceeds from issuance of common stock 678 889 801
Issuance of noncontrolling interests 19,473 1,241 3,693
Distribution to noncontrolling interests (1,645) (572) (232)
Net cash used in financing activities (3,500,500) (3,578,547) (1,875,679)
Net (decrease) increase in cash and cash equivalents (2,902) 6,125 (66,952)
Cash and cash equivalents, beginning of year 69,654 63,529 130,481
Cash and cash equivalents, end of year 66,752 69,654 63,529
Cash disbursements made for:      
Interest 390,278 301,118 228,248
Income taxes, net of refunds 96,721 115,415 147,235
Noncash investing and financing activities:      
Loans and other assets acquired 0 0 2,025,453
Borrowings and other liabilities assumed in acquisition of loans 0 0 1,885,453
Issuance of noncontrolling interest $ 0 $ 20 $ 3,750