NELNET, INC — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↓-23.8% -$43M
$138M
Free Cash Flow↓-27.9% -$50M
$130M
Investing Cash Flow↓-22.2% -$164M
$573M
Financing Cash Flow
$232M
Capex
$7M
Acquisitions
$0
Stock Buybacks↑+3933.5% +$16M
$16M
Dividends Paid↑+16.5% +$2M
$12M
Stock-Based Comp↑+3.8% +$119K
$3M
Debt Issued
$836M
Debt Repaid↑+7521.8% +$228M
$231M
D&A↓-15.6% -$4M
$22M
SBC Allocated Expense↑+3.8% +$119K
$3M