Nelnet Cash Flow Statement
NYSE: NNIFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Nelnet free cash flow
In fiscal 2025, Nelnet generated $423.0 million of operating cash flow and spent $26.2 million on capital expenditures. That left free cash flow of $396.7 million. Free cash flow was down 38.2% from the prior year's $642.0 million.
Nelnet returned $112.3 million to shareholders: $43.0 million in dividends and $69.3 million in share repurchases, equal to 28% of free cash flow. Free cash flow covered dividend payments 9.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Nelnet cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 398.35M | 175.91M | 49.33M | 388.75M | 386.28M | 349.63M | 141.29M | 227.52M | 161.82M | 257.50M |
| Net Income growth (YoY) | +126.44% | +256.61% | -87.31% | +0.64% | +10.48% | +147.45% | -37.90% | +40.60% | -37.16% | -16.74% |
| Depreciation & Amortization | 90.62M | 132.53M | 145.39M | 176.25M | 132.32M | 198.47M | 192.66M | 184.68M | 137.82M | 122.55M |
| Stock-Based Compensation | 13.27M | 12.04M | 16.48M | 14.18M | 10.67M | 16.74M | 6.78M | 6.54M | 4.42M | 4.35M |
| Change in Working Capital | 76.14M | 128.28M | 87.82M | 1.86M | -10.99M | 135.97M | -26.71M | -13.52M | -48.84M | 7.66M |
| Operating Cash Flow | 422.99M | 662.89M | 432.03M | 683.06M | 480.33M | 349.10M | 298.92M | 270.89M | 322.27M | 300.19M |
| Capital Expenditures | -26.24M | -20.90M | -74.05M | -59.42M | -58.95M | -113.31M | -92.50M | -125.02M | -156.00M | -67.60M |
| Investing Cash Flow | 356.40M | 2.41B | 1.94B | 2.27B | 1.19B | 621.22M | 1.52B | -732.35M | 2.95B | 3.41B |
| Dividends Paid | -42.99M | -40.84M | -39.42M | -36.61M | -34.46M | -31.78M | -29.48M | -26.84M | -24.10M | -21.19M |
| Share Repurchases | -69.35M | -83.29M | -28.03M | -97.69M | -58.11M | -73.36M | -40.41M | -45.33M | -68.90M | -69.09M |
| Debt Issued | 1.39B | 30.65M | 761.18M | 1.30B | 1.95B | 1.88B | 3.00B | 3.92B | 1.98B | 650.91M |
| Debt Repaid | -759.59M | -7.58M | -5.11M | -67.08M | -407.49M | -25.64M | -39.86M | — | — | — |
| Financing Cash Flow | -737.14M | -3.17B | -2.70B | -2.79B | -1.43B | -1.23B | -1.79B | 711.78M | -3.50B | -3.58B |
| Net Change in Cash | 42.53M | -94.47M | -332.13M | 163.43M | 235.79M | -264.21M | 30.21M | 250.32M | -228.25M | 129.39M |
| Free Cash Flow | 396.75M | 641.99M | 357.98M | 623.64M | 421.38M | 235.79M | 206.42M | 145.87M | 166.26M | 232.59M |
This table shows 10 annual periods of Nelnet's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NNI's reporting calendar. What is a cash flow statement?