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Parent Only Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Parent Only Condensed Balance Sheets | Parent Only Condensed Balance Sheets
|  | December 31,
|  | 2015 |  | 2014
Assets |  |  |  |
Cash and cash equivalents |  | $ | 282,036 |  |  | $ | 434,245 |
Total investments in subsidiaries (primarily Sallie Mae Bank) |  | 1,810,567 |  |  | 1,389,995 |
Tax indemnification receivable |  | 186,076 |  |  | 240,311 |
Due from subsidiaries, net |  | 21,396 |  |  | 32,408 |
Other assets |  | 1,352 |  |  | 1,943 |
Total assets |  | $ | 2,301,427 |  |  | $ | 2,098,902 |
Liabilities and Equity |  |  |  |
Liabilities |  |  |  |
Income taxes payable, net |  | $ | 189,215 |  |  | $ | 245,782 |
Payable due to Navient |  | 1,990 |  |  | 8,764 |
Other liabilities |  | 13,899 |  |  | 14,398 |
Total liabilities |  | $ | 205,104 |  |  | 268,944 |
Equity |  |  |  |
Preferred stock, par value $0.20 per share, 20 million shares authorized: |  |  |  |
Series A: 3.3 million and 3.3 million shares issued, respectively, at stated value of $50 |  | 165,000 |  |  | 165,000 |
Series B: 4 million and 4 million shares issued, respectively, at stated value of $100 per share |  | 400,000 |  |  | 400,000 |
Common stock, par value $0.20 per share, 1.125 billion shares authorized: 430.7 million and 424.8 million shares issued, respectively |  | 86,136 |  |  | 84,961 |
Additional paid-in capital |  | 1,135,860 |  |  | 1,090,511 |
Accumulated other comprehensive loss (net of tax benefit of $9,949 and $7,186, respectively |  | (16,059 | ) |  | (11,393 | )
Retained earnings |  | 366,609 |  |  | 113,066 |
Total SLM Corporation stockholders' equity before treasury stock |  | 2,137,546 |  |  | 1,842,145 |
Less: common stock held in treasury at cost: 4.4 million and 1.4 million shares, respectively |  | (41,223 | ) |  | (12,187 | )
Total equity |  | 2,096,323 |  |  | 1,829,958 |
Total liabilities and equity |  | $ | 2,301,427 |  |  | $ | 2,098,902 |
Parent Only Condensed Statements of Income | Parent Only Condensed Statements of Income
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Interest income |  | $ | 6,414 |  |  | $ | 4,980 |  |  | $ | — |
Interest expense |  | — |  |  | — |  |  | — |
Net interest income |  | 6,414 |  |  | 4,980 |  |  | — |
Other (loss) income |  | (239 | ) |  | 1,097 |  |  | — |
Operating expenses |  | 36,141 |  |  | 36,967 |  |  | 3,556 |
Loss before income tax expense (benefit) and equity in net income from subsidiaries |  | (29,966 | ) |  | (30,890 | ) |  | (3,556 | )
Income tax (benefit) expense |  | (8,612 | ) |  | (13,196 | ) |  | 133,121 |
Equity in net income from subsidiaries (primarily Sallie Mae Bank) |  | 295,638 |  |  | 211,479 |  |  | 394,270 |
Net income |  | 274,284 |  |  | 193,785 |  |  | 257,593 |
Preferred stock dividends |  | 19,595 |  |  | 12,933 |  |  | — |
Net income attributable to common stock |  | $ | 254,689 |  |  | $ | 180,852 |  |  | $ | 257,593 |
Parent Only Condensed Statements of Cash Flows | Parent Only Condensed Statements of Cash Flows
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 274,284 |  |  | $ | 193,785 |  |  | $ | 257,593 |
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |
Undistributed earnings of subsidiaries |  | (295,638 | ) |  | (211,479 | ) |  | (394,270 | )
Interest income on tax indemnification receivable |  | (5,398 | ) |  | (5,904 | ) |  | — |
(Increase) decrease in investment in subsidiaries, net |  | (103,602 | ) |  | 278,365 |  |  | 136,677 |
Decrease in tax indemnification receivable |  | 59,633 |  |  | 44,724 |  |  | — |
Decrease (increase) in due from subsidiaries, net |  | 11,012 |  |  | (32,408 | ) |  | — |
Increase in other assets |  | (14,366 | ) |  | (5,447 | ) |  | — |
Decrease in income taxes payable, net |  | (54,907 | ) |  | (312,770 | ) |  | — |
(Decrease) increase in payable due to entity that is a subsidiary of Navient |  | (6,774 | ) |  | 8,764 |  |  | — |
Increase in other liabilities |  | 1,402 |  |  | 14,398 |  |  | — |
Total adjustments |  | (408,638 | ) |  | (221,757 | ) |  | (257,593 | )
Net cash used in operating activities |  | (134,354 | ) |  | (27,972 | ) |  | — |
Cash flows from investing activities: |  |  |  |  |  |
Net cash provided by (used in) investing activities |  | — |  |  | — |  |  | — |
Cash flows from financing activities: |  |  |  |  |  |
Special cash contribution from Navient |  | — |  |  | 472,718 |  |  | — |
Excess tax benefit from exercise of stock-based awards |  | 1,740 |  |  | 2,432 |  |  | — |
Preferred stock dividends paid |  | (19,595 | ) |  | (12,933 | ) |  | — |
Net cash (used in) provided by financing activities |  | (17,855 | ) |  | 462,217 |  |  | — |
Net (decrease) increase in cash and cash equivalents |  | (152,209 | ) |  | 434,245 |  |  | — |
Cash and cash equivalents at beginning of year |  | 434,245 |  |  | — |  |  | — |
Cash and cash equivalents at end of year |  | $ | 282,036 |  |  | $ | 434,245 |  |  | $ | — |

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