Nelnet Inc balance sheet

At the end of fiscal 2022, Nelnet Inc had total assets of $19.36bn, total liabilities of $16.17bn and shareholders' equity of $3.20bn. It held $118m in cash against $14.79bn of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nelnet Inc: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	LTMMar 2023
Cash and equivalents	0.3	0.3	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2
Goodwill	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.1	0.1	0.2	0.2
Total assets	—	25.9	25.9	26.6	27.8	30.0	30.4	27.2	24.0	25.2	23.7	22.6	21.7	19.4	18.1
Long-term debt	—	—	—	—	—	—	—	—	—	—	20.5	19.3	17.6	14.6	13.4
Total debt	0.0	24.7	24.4	25.1	26.0	28.0	28.1	24.7	21.4	—	20.8	19.6	17.8	14.8	13.6
Total liabilities	—	25.0	24.8	25.4	26.3	28.4	28.5	25.1	21.8	22.9	21.3	20.0	18.7	16.2	14.9
Shareholders' equity	0.8	0.9	1.1	1.2	1.4	1.7	1.9	2.1	2.1	2.3	2.4	2.6	3.0	3.2	3.2

US$ billions unless shown otherwise. Fiscal quarters.

Nelnet Inc: balance sheet, quarterly
Quarter	2021 Q2Jun 2021	2021 Q3Sept 2021	2021 Q4Dec 2021	2022 Q1Mar 2022	2022 Q2Jun 2022	2022 Q3Sept 2022	2022 Q4Dec 2022	2023 Q1Mar 2023
Goodwill	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.2
Total assets	23.0	22.4	21.7	21.0	20.6	19.6	19.4	18.1
Long-term debt	19.4	18.6	17.6	16.7	16.1	15.0	14.6	13.4
Total debt	19.4	18.6	17.6	16.7	16.1	15.0	14.6	13.4
Total liabilities	20.2	19.5	18.7	17.9	17.5	16.4	16.2	14.9
Shareholders' equity	2.8	2.9	3.0	3.1	3.1	3.2	3.2	3.2

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Nelnet Inc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nelnet Inc.