Navient Corporation (NAVI)

Navient Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	3,809	4,419	3,223	2,648	3,298
Total Interest Expense	3,273	3,546	1,972	1,286	2,093
Net Interest Income	536	873	1,251	1,362	1,205
Gain (Loss) on Sale of Loans & Receivables	-	-	-	78	-
Other Revenue	371	342	409	603	269
Revenue Before Loan Losses	961	1,279	1,737	2,211	1,688
Provision for Loan Losses	113	123	79	-61	155
Revenue	848	1,156	1,658	2,272	1,533
Revenue Growth (YoY)	-26.64%	-30.28%	-27.02%	48.21%	-11.80%
Salaries & Employee Benefits	-	401	444	569	497
Cost of Services Provided	680	-	-	-	-
Other Operating Expenses	-	399	332	638	467
Total Operating Expenses	688	810	789	1,237	986
Operating Income	160	346	869	1,035	547
EBT Excluding Unusual Items	160	346	869	1,035	547
Restructuring Charges	-39	-25	-42	-26	-9
Other Unusual Items	-	-8	-	-73	-6
Pretax Income	174	313	827	936	532
Income Tax Expense	43	85	182	219	120
Earnings From Continuing Ops.	131	228	645	717	412
Net Income	131	228	645	717	412
Net Income to Common	131	228	645	717	412
Net Income Growth	-42.54%	-64.65%	-10.04%	74.03%	-30.99%
Shares Outstanding (Basic)	109	122	142	170	193
Shares Outstanding (Diluted)	111	123	144	172	195
Shares Change (YoY)	-9.76%	-14.58%	-16.28%	-11.79%	-16.31%
EPS (Basic)	1.20	1.87	4.54	4.22	2.13
EPS (Diluted)	1.18	1.85	4.49	4.18	2.12
EPS Growth	-36.22%	-58.80%	7.42%	97.17%	-17.19%
Free Cash Flow	-	676	305	702	987
Free Cash Flow Per Share	-	5.50	2.12	4.08	5.06
Dividend Per Share	0.640	0.640	0.640	0.640	0.640
Operating Margin	18.87%	29.93%	52.41%	45.55%	35.68%
Profit Margin	15.45%	19.72%	38.90%	31.56%	26.88%
Free Cash Flow Margin	-	58.48%	18.40%	30.90%	64.38%
Effective Tax Rate	24.71%	27.16%	22.01%	23.40%	22.56%

Source: S&P Capital IQ. Financial Services template. Financial Sources.