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Parent Only Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Parent Only Condensed Balance Sheets | Parent Only Condensed Balance Sheets
|  | December 31,
|  | 2016 |  | 2015
Assets |  |  |  |
Cash and cash equivalents |  | $ | 292,277 |  |  | $ | 282,036 |
Total investments in subsidiaries (primarily Sallie Mae Bank) |  | 2,042,015 |  |  | 1,810,567 |
Tax indemnification receivable |  | 259,532 |  |  | 186,076 |
Due from subsidiaries, net |  | 31,834 |  |  | 21,396 |
Other assets |  | 1,561 |  |  | 1,352 |
Total assets |  | $ | 2,627,219 |  |  | $ | 2,301,427 |
Liabilities and Equity |  |  |  |
Liabilities |  |  |  |
Income taxes payable, net |  | $ | 256,556 |  |  | $ | 189,215 |
Payable due to Navient |  | 2,823 |  |  | 1,990 |
Other liabilities |  | 20,782 |  |  | 13,899 |
Total liabilities |  | 280,161 |  |  | 205,104 |
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 per share |  | 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: 436.6 million and 430.7 million shares issued, respectively |  | 87,327 |  |  | 86,136 |
Additional paid-in capital |  | 1,175,564 |  |  | 1,135,860 |
Accumulated other comprehensive loss (net of tax benefit of $5,364 and $9,949, respectively) |  | (8,671 | ) |  | (16,059 | )
Retained earnings |  | 595,322 |  |  | 366,609 |
Total SLM Corporation stockholders’ equity before treasury stock |  | 2,414,542 |  |  | 2,137,546 |
Less: Common stock held in treasury at cost: 7.7 million and 4.4 million shares, respectively |  | (67,484 | ) |  | (41,223 | )
Total equity |  | 2,347,058 |  |  | 2,096,323 |
Total liabilities and equity |  | $ | 2,627,219 |  |  | $ | 2,301,427 |
Parent Only Condensed Statements of Income | Parent Only Condensed Statements of Income
|  | Years Ended December 31,
|  | 2016 |  | 2015 |  | 2014
Interest income |  | $ | 5,367 |  |  | $ | 6,414 |  |  | $ | 4,980 |
Interest expense |  | — |  |  | — |  |  | — |
Net interest income |  | 5,367 |  |  | 6,414 |  |  | 4,980 |
Other income (loss) |  | 9,396 |  |  | (239 | ) |  | 1,097 |
Operating expenses |  | 32,553 |  |  | 36,141 |  |  | 36,967 |
Loss before income tax benefit and equity in net income from subsidiaries |  | (17,790 | ) |  | (29,966 | ) |  | (30,890 | )
Income tax benefit |  | (2,839 | ) |  | (8,612 | ) |  | (13,196 | )
Equity in net income from subsidiaries (primarily Sallie Mae Bank) |  | 265,278 |  |  | 295,638 |  |  | 211,479 |
Net income |  | 250,327 |  |  | 274,284 |  |  | 193,785 |
Preferred stock dividends |  | 21,204 |  |  | 19,595 |  |  | 12,933 |
Net income attributable to common stock |  | $ | 229,123 |  |  | $ | 254,689 |  |  | $ | 180,852 |
Parent Only Condensed Statements of Cash Flows | Parent Only Condensed Statements of Cash Flows
|  | Years Ended December 31,
|  | 2016 |  | 2015 |  | 2014
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 250,327 |  |  | $ | 274,284 |  |  | $ | 193,785 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |
Undistributed earnings of subsidiaries |  | (265,278 | ) |  | (295,638 | ) |  | (211,479 | )
Interest income on tax indemnification receivable |  | (12,283 | ) |  | (5,398 | ) |  | (5,904 | )
Decrease (increase) in investment in subsidiaries, net |  | 63,222 |  |  | (103,602 | ) |  | 278,365 |
Decrease in tax indemnification receivable |  | 59,633 |  |  | 59,633 |  |  | 44,724 |
(Increase) decrease in due from subsidiaries, net |  | (10,438 | ) |  | 11,012 |  |  | (32,408 | )
Increase in other assets |  | (8,972 | ) |  | (14,366 | ) |  | (5,447 | )
Decrease in income taxes payable, net |  | (53,465 | ) |  | (54,907 | ) |  | (312,770 | )
Increase (decrease) in payable due to entity that is a subsidiary of Navient |  | 553 |  |  | (6,774 | ) |  | 8,764 |
Increase in other liabilities |  | 8,856 |  |  | 1,402 |  |  | 14,398 |
Total adjustments |  | (218,172 | ) |  | (408,638 | ) |  | (221,757 | )
Net cash provided by (used in) operating activities |  | 32,155 |  |  | (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 (expense) benefit from exercise of stock-based awards |  | (710 | ) |  | 1,740 |  |  | 2,432 |
Preferred stock dividends paid |  | (21,204 | ) |  | (19,595 | ) |  | (12,933 | )
Net cash (used in) provided by financing activities |  | (21,914 | ) |  | (17,855 | ) |  | 462,217 |
Net increase (decrease) in cash and cash equivalents |  | 10,241 |  |  | (152,209 | ) |  | 434,245 |
Cash and cash equivalents at beginning of year |  | 282,036 |  |  | 434,245 |  |  | — |
Cash and cash equivalents at end of year |  | $ | 292,277 |  |  | $ | 282,036 |  |  | $ | 434,245 |

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