NNINelnet, Inc.

$5B

Q2 2019 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$408M-0.7% YoY

Gross Profit

$212M52.0% margin

Operating Income

$31M7.6% margin

Net Income

$25M6.0% margin

EPS (Diluted)

$0.61

QoQ Revenue Growth

-5.3%

Cash Flow

Operating Cash Flow

$122M

Free Cash Flow

$103M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$24.2B

Total Liabilities

$21.9B

Stockholders' Equity

$2.3B

Cash & Equivalents

$84M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$408M	$411M	-0.7%
Gross Profit	$212M	$236M	-10.2%
Operating Income	$31M	$63M	-51.0%
Net Income	$25M	$49M	-50.2%

Revenue Segments

Loan Servicing And Systems Revenue

$114M39%

Education Technology Services And Payment Processing Services

$60M21%

Tuition Payment Plan Services

$25M8%

Payment Processing

$21M7%

Communication Revenue, Service Offering

$16M5%

Education Technology And Services

$14M5%

Software Services

$10M3%

Internet

$9M3%

Private Education And Consumer Loan Servicing

$9M3%

FFELP Servicing

$6M2%

Television

$4M1%

Telephone

$2M1%

Outsourced Services Revenue And Other

$2M1%

Other Service Offering

$280,0000%

Other Communication Revenue

$16,0000%