NNINelnet, Inc.

$5B

Q3 2019 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$427M-0.7% YoY

Gross Profit

$245M57.3% margin

Operating Income

$42M9.8% margin

Net Income

$33M7.8% margin

EPS (Diluted)

$0.83

QoQ Revenue Growth

+4.7%

Cash Flow

Operating Cash Flow

$161M

Free Cash Flow

$137M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$23.9B

Total Liabilities

$21.6B

Stockholders' Equity

$2.4B

Cash & Equivalents

$161M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$427M	$430M	-0.7%
Gross Profit	$245M	$239M	+2.2%
Operating Income	$42M	$57M	-26.4%
Net Income	$33M	$43M	-22.6%

Revenue Segments

Loan Servicing And Systems

$113M25%

Loan Servicing And Systems Revenue

$113M25%

Education Technology Services And Payment Processing Services

$74M16%

Payment Processing

$35M8%

Tuition Payment Plan Services

$26M6%

Communications Services

$16M4%

Communication Revenue, Service Offering

$16M4%

Education Technology And Services

$13M3%

Software Services

$10M2%

Internet

$10M2%

Private Education And Consumer Loan Servicing

$10M2%

FFELP Servicing

$6M1%

Television

$4M1%

Telephone

$2M1%

Outsourced Services Revenue And Other

$2M0%

Investment Advice

$753,0000%

Other Service Offering

$286,0000%

Other Communication Revenue

$16,0000%