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Condensed Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Parent Balance Sheets
Balance Sheets
(Parent Company Only)
As of December 31, 2024 and 2023
20242023
Assets:
Cash and cash equivalents$55,515 31,153 
Investments at fair value490,001 588,958 
Other investments and notes receivable545,066 482,377 
Investment in subsidiary debt75,231 287,192 
Restricted cash49,257 61,527 
Investment in subsidiaries2,054,583 1,939,776 
Notes receivable from subsidiaries64,955 102,694 
Other assets131,040 128,903 
Total assets$3,465,648 3,622,580 
Liabilities:
Notes payable, net of debt issuance costs$(986)206,520 
Other liabilities114,715 159,438 
Total liabilities113,729 365,958 
Equity:
Nelnet, Inc. shareholders' equity:
Common stock363 371 
Additional paid-in capital7,389 3,096 
Retained earnings3,340,540 3,270,403 
Accumulated other comprehensive earnings (loss), net1,470 (20,119)
Total Nelnet, Inc. shareholders' equity3,349,762 3,253,751 
Noncontrolling interests2,157 2,871 
Total equity3,351,919 3,256,622 
Total liabilities and shareholders' equity$3,465,648 3,622,580 
Condensed Parent Statements of Income
Statements of Income
(Parent Company Only)
Years ended December 31, 2024, 2023, and 2022
 202420232022
Investment interest income$58,829 86,696 50,465 
Interest expense on bonds and notes payable8,790 31,142 21,489 
Net interest income50,039 55,554 28,976 
Other income (expense):   
Other, net32,956 (57,959)(42,625)
Equity in subsidiaries income110,381 101,885 227,596 
Derivative market value adjustments and derivative settlements, net10,639 (15,662)264,634 
Total other income (expense), net153,976 28,264 449,605 
Operating expenses2,870 5,445 14,552 
Impairment expense537 2,060 6,561 
Total expenses3,407 7,505 21,113 
Income before income taxes200,608 76,313 457,468 
Income tax (expense) benefit(17,277)13,303 (50,607)
Net income183,331 89,616 406,861 
Net loss attributable to noncontrolling interests714 210 38 
Net income attributable to Nelnet, Inc.$184,045 89,826 406,899 
Condensed Parent Statement of Comprehensive Income
Statements of Comprehensive Income
(Parent Company Only)
Years ended December 31, 2024, 2023, and 2022
202420232022
Net income$183,331 89,616 406,861 
Other comprehensive income (loss):
Net changes related to equity in subsidiaries other comprehensive income (loss)$8,091 9,473 (11,188)
Net changes related to available-for-sale debt securities:
Unrealized holding gains (losses) arising during period, net19,242 6,412 (42,793)
Reclassification of (gains) losses recognized in net income, net(1,481)3,818 (3,894)
Income tax effect(4,263)13,498 (2,456)7,774 11,205 (35,482)
Other comprehensive income (loss)21,589 17,247 (46,670)
Comprehensive income204,920 106,863 360,191 
Comprehensive loss attributable to noncontrolling interests714 210 38 
Comprehensive income attributable to Nelnet, Inc.$205,634 107,073 360,229 
Condensed Parent Statements of Cash Flows
Statements of Cash Flows
(Parent Company Only)
Years ended December 31, 2024, 2023, and 2022
202420232022
Net income attributable to Nelnet, Inc.$184,045 89,826 406,899 
Net loss attributable to noncontrolling interest(714)(210)(38)
Net income183,331 89,616 406,861 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization621 620 619 
Derivative market value adjustments(5,422)40,250 (231,691)
Proceeds from termination of derivative instruments— 164,079 91,786 
Proceeds from (payments to) clearinghouse - initial and variation margin, net2,374 (213,923)148,691 
Equity in earnings of subsidiaries(110,381)(101,885)(227,596)
(Gain) loss on investments, net(28,875)64,584 51,175 
Proceeds from sale of equity securities, net of purchases7 75 42,841 
Deferred income tax (benefit) expense(42,741)(71,424)39,872 
Non-cash compensation expense12,045 16,476 14,176 
Impairment expense537 2,060 6,561 
Changes in operating assets and liabilities:
Decrease (increase) in other assets5,459 (18,181)14,816 
(Decrease) increase in other liabilities(4,611)11,049 10,590 
Total adjustments(170,987)(106,220)(38,160)
Net cash provided by (used in) operating activities12,344 (16,604)368,701 
Cash flows from investing activities:
Purchases of available-for-sale securities(168,117)(206,927)(713,681)
Proceeds from sales of available-for-sale securities278,372 569,670 435,937 
Proceeds from beneficial interest in private loan securitization7,001 6,783 345 
Capital distributions from subsidiaries, net28,539 355,790 7,340 
Decrease (increase) in notes receivable from subsidiaries37,739 (35,682)(66,698)
Proceeds from (payments on) subsidiary debt, net211,961 122,999 (36,104)
Purchases of other investments and issuances of notes receivable(128,583)(60,707)(122,236)
Proceeds from other investments and repayments of notes receivable63,080 32,732 20,358 
Net cash provided by (used in) investing activities329,992 784,658 (474,739)
Cash flows from financing activities:
Payments on notes payable(208,101)(954,163)(7,002)
Proceeds from issuance of notes payable37 199,855 233,194 
Payments of debt issuance costs— — (10)
Dividends paid(40,836)(39,419)(36,608)
Repurchases of common stock(83,290)(28,028)(97,685)
Proceeds from issuance of common stock1,946 1,780 1,633 
Issuance of noncontrolling interest— 2,580 — 
Net cash (used in) provided by financing activities(330,244)(817,395)93,522 
Net increase (decrease) in cash, cash equivalents, and restricted cash12,092 (49,341)(12,516)
Cash, cash equivalents, and restricted cash, beginning of period92,680 142,021 154,537 
Cash, cash equivalents, and restricted cash, end of period$104,772 92,680 142,021 
Cash disbursements made for:
Interest$10,732 34,895 14,649 
Income taxes, net of refunds and credits$15,238 47,589 57,705 
Non-cash investing and financing activities:
(Contributions to) distributions from subsidiary, net$(27,292)6,888 (6,068)
Issuance of noncontrolling interest$— 220 —