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Parent Only Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Parent only Condensed Balance Sheets | Parent Only Condensed Balance Sheets
|  | December 31,
|  | 2018 |  | 2017
Assets |  |  |  |
Cash and cash equivalents |  | $ | 191,776 |  |  | $ | 260,255 |
Total investments in subsidiaries (primarily Sallie Mae Bank) |  | 2,963,949 |  |  | 2,401,114 |
Tax indemnification receivable |  | 39,207 |  |  | 168,011 |
Due from subsidiaries, net |  | 48,798 |  |  | 37,521 |
Other assets |  | 2,246 |  |  | 1,279 |
Total assets |  | $ | 3,245,976 |  |  | $ | 2,868,180 |
Liabilities and Equity |  |  |  |
Liabilities |  |  |  |
Long-term borrowings |  | $ | 197,348 |  |  | $ | 196,539 |
Income taxes payable, net |  | 37,271 |  |  | 159,954 |
Payable due to Navient |  | 9,480 |  |  | 10,575 |
Other liabilities |  | 29,221 |  |  | 26,856 |
Total liabilities |  | 273,320 |  |  | 393,924 |
Equity |  |  |  |
Preferred stock, par value $0.20 per share, 20 million shares authorized: |  |  |  |
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: 449.9 million and 443.5 million shares issued, respectively |  | 89,972 |  |  | 88,693 |
Additional paid-in capital |  | 1,274,635 |  |  | 1,222,277 |
Accumulated other comprehensive income (net of tax expense of $3,436 and $1,696, respectively) |  | 10,623 |  |  | 2,748 |
Retained earnings |  | 1,340,017 |  |  | 868,182 |
Total SLM Corporation stockholders’ equity before treasury stock |  | 3,115,247 |  |  | 2,581,900 |
Less: Common stock held in treasury at cost: 14.2 million and 11.1 million shares, respectively |  | (142,591 | ) |  | (107,644 | )
Total equity |  | 2,972,656 |  |  | 2,474,256 |
Total liabilities and equity |  | $ | 3,245,976 |  |  | $ | 2,868,180 |
Parent only Condensed Statements of Income | Parent Only Condensed Statements of Income
|  | Years Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Interest income |  | $ | 4,693 |  |  | $ | 5,497 |  |  | $ | 5,367 |
Interest expense |  | 11,059 |  |  | 8,170 |  |  | — |
Net interest income (loss) |  | (6,366 | ) |  | (2,673 | ) |  | 5,367 |
Non-interest income (loss) |  | (93,176 | ) |  | (33,956 | ) |  | 9,396 |
Non-interest expenses |  | 41,893 |  |  | 35,810 |  |  | 32,553 |
Loss before income tax benefit and equity in net income from subsidiaries |  | (141,435 | ) |  | (72,439 | ) |  | (17,790 | )
Income tax benefit |  | (96,170 | ) |  | (40,598 | ) |  | (2,839 | )
Equity in net income from subsidiaries (primarily Sallie Mae Bank) |  | 532,741 |  |  | 320,775 |  |  | 265,278 |
Net income |  | 487,476 |  |  | 288,934 |  |  | 250,327 |
Preferred stock dividends |  | 15,640 |  |  | 15,714 |  |  | 21,204 |
Net income attributable to SLM Corporation common stock |  | $ | 471,836 |  |  | $ | 273,220 |  |  | $ | 229,123 |
Parent only Condensed Statements of Cash Flows | Parent Only Condensed Statements of Cash Flows
|  | Years Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 487,476 |  |  | $ | 288,934 |  |  | $ | 250,327 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: |  |  |  |  |  |
Undistributed earnings of subsidiaries |  | (532,741 | ) |  | (320,775 | ) |  | (265,278 | )
Reduction (income) on tax indemnification receivable |  | 92,815 |  |  | 31,888 |  |  | (12,283 | )
Amortization of unsecured debt upfront fees |  | 809 |  |  | 596 |  |  | — |
Decrease in investment in subsidiaries, net |  | 9,495 |  |  | 1,158 |  |  | 63,222 |
Decrease in tax indemnification receivable |  | 35,989 |  |  | 59,633 |  |  | 59,633 |
Increase in due from subsidiaries, net |  | (11,277 | ) |  | (5,687 | ) |  | (10,438 | )
Increase in other assets |  | (18,040 | ) |  | (24,627 | ) |  | (8,972 | )
Decrease in income taxes payable, net |  | (123,083 | ) |  | (87,983 | ) |  | (54,175 | )
(Decrease) increase in payable due to entity that is a subsidiary of Navient |  | (1,089 | ) |  | (593 | ) |  | 553 |
Increase in other liabilities |  | 6,807 |  |  | 10,205 |  |  | 8,856 |
Total adjustments |  | (540,315 | ) |  | (336,185 | ) |  | (218,882 | )
Net cash (used in) provided by operating activities |  | (52,839 | ) |  | (47,251 | ) |  | 31,445 |
Cash flows from investing activities: |  |  |  |  |  |
Net cash (used in) provided by investing activities |  | — |  |  | — |  |  | — |
Cash flows from financing activities: |  |  |  |  |  |
Unsecured debt issued |  | — |  |  | 197,000 |  |  | — |
Issuance costs for unsecured debt offering |  | — |  |  | (1,057 | ) |  | — |
Redemption of Series A Preferred Stock |  | — |  |  | (165,000 | ) |  | — |
Preferred stock dividends paid |  | (15,640 | ) |  | (15,714 | ) |  | (21,204 | )
Net cash (used in) provided by financing activities |  | (15,640 | ) |  | 15,229 |  |  | (21,204 | )
Net (decrease) increase in cash and cash equivalents |  | (68,479 | ) |  | (32,022 | ) |  | 10,241 |
Cash and cash equivalents at beginning of year |  | 260,255 |  |  | 292,277 |  |  | 282,036 |
Cash and cash equivalents at end of year |  | $ | 191,776 |  |  | $ | 260,255 |  |  | $ | 292,277 |

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