JSM · As filed with the SEC
Navient cash flow statement, by fiscal year
The statement as Navient presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Operating activities | ||||
| Net income (loss) | (80,000,000) | 131,000,000 | 228,000,000 | 645,000,000 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||
| Gains on sale of education loans | — | — | 0 | — |
| (Gain) on sale of subsidiaries, net | 0 | (191,000,000) | — | — |
| Losses on debt repurchases | 0 | 0 | 8,000,000 | — |
| Goodwill and acquired intangible asset impairment and amortization expense | 3,000,000 | 146,000,000 | 10,000,000 | 19,000,000 |
| Stock-based compensation expense | 21,000,000 | 23,000,000 | 24,000,000 | 19,000,000 |
| Mark-to-market (gains)/losses on derivative and hedging activities, net | 124,000,000 | 25,000,000 | 147,000,000 | (590,000,000) |
| Provisions for loan losses | 280,000,000 | 113,000,000 | 123,000,000 | 79,000,000 |
| (Increase) decrease in accrued interest receivable | 76,000,000 | 348,000,000 | (50,000,000) | (147,000,000) |
| Increase (decrease) in accrued interest payable | (3,000,000) | (31,000,000) | 29,000,000 | 159,000,000 |
| Decrease in other assets | 58,000,000 | 91,000,000 | 52,000,000 | 387,000,000 |
| Increase (decrease) in other liabilities | (38,000,000) | (196,000,000) | 105,000,000 | (266,000,000) |
| Total adjustments | 521,000,000 | 328,000,000 | 448,000,000 | (340,000,000) |
| Total net cash provided by operating activities | 441,000,000 | 459,000,000 | 676,000,000 | 305,000,000 |
| Investing activities | ||||
| Education loans originated and acquired | (2,482,000,000) | (1,387,000,000) | (970,000,000) | (2,051,000,000) |
| Principal payments on education loans | 5,182,000,000 | 9,500,000,000 | 8,322,000,000 | 12,540,000,000 |
| Proceeds from sales of education loans | — | — | 0 | — |
| Other investing activities, net | (13,000,000) | (6,000,000) | 5,000,000 | 96,000,000 |
| Purchase of subsidiary, net of cash acquired | — | — | 0 | — |
| Disposal of a subsidiaries, net of cash disposed of | 25,000,000 | 359,000,000 | — | — |
| Total net cash provided by investing activities | 2,712,000,000 | 8,466,000,000 | 7,357,000,000 | 10,585,000,000 |
| Financing activities | ||||
| Borrowings collateralized by loans in trust - issued | 2,162,000,000 | 1,106,000,000 | 1,357,000,000 | 2,243,000,000 |
| Borrowings collateralized by loans in trust - repaid | (5,345,000,000) | (9,770,000,000) | (9,753,000,000) | (12,581,000,000) |
| Asset-backed Securities, Securitized Loans and Receivables | 176,000,000 | (116,000,000) | 8,000,000 | 1,094,000,000 |
| Long-term unsecured notes issued | 495,000,000 | 0 | 989,000,000 | — |
| Long-term unsecured notes repaid | (554,000,000) | (507,000,000) | (2,159,000,000) | (15,000,000) |
| Other financing activities, net | 88,000,000 | (79,000,000) | (101,000,000) | 89,000,000 |
| Common stock repurchased | (111,000,000) | (179,000,000) | (310,000,000) | (400,000,000) |
| Common dividends paid | (63,000,000) | (70,000,000) | (78,000,000) | (91,000,000) |
| Total net cash used in financing activities | (3,152,000,000) | (9,615,000,000) | (10,047,000,000) | (9,661,000,000) |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 1,000,000 | (690,000,000) | (2,014,000,000) | 1,229,000,000 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 2,103,000,000 | 2,793,000,000 | 4,807,000,000 | 3,578,000,000 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | 2,104,000,000 | 2,103,000,000 | 2,793,000,000 | 4,807,000,000 |
| Supplemental disclosure of cash flow information: | ||||
| Interest | 2,563,000,000 | 3,238,000,000 | 3,431,000,000 | 1,904,000,000 |
| Income taxes paid | — | 38,000,000 | 57,000,000 | 30,000,000 |
| Income taxes paid | 26,000,000 | — | — | — |
| Income taxes received | (7,000,000) | (3,000,000) | (5,000,000) | (12,000,000) |
| Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Balance Sheets: | ||||
| Investing activity - Held-to-maturity asset backed securities retained related to sales of education loans | — | — | 0 | — |
| Operating activity - Servicing assets recognized upon sales of education loans | — | — | 0 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.