NELNET INC : Results of Operations and Financial Condition (form 8-K)
May 07, 2020 at 04:47 pm EDT
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Item 2.02 Results of Operations and Financial Condition.
On May 7, 2020, Nelnet, Inc. (the "Company") issued a press release with respect
to its financial results for the quarter ended March 31, 2020. A copy of the
press release is furnished as Exhibit 99.1 to this report. In addition, a copy
of the supplemental financial information for the quarter ended March 31, 2020,
which was made available on the Company's website at www.nelnetinvestors.com on
May 7, 2020 in connection with the press release, is furnished as Exhibit 99.2
to this report.
The above information and Exhibits 99.1 and 99.2 shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange
Act"), nor shall such information and Exhibits be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the Exchange Act,
except as shall be expressly set forth by specific reference in such a filing.
In addition, information on the Company's website is not incorporated by
reference into this report and should not be considered part of this report.
Certain statements contained in the exhibits furnished with this report may be
considered forward looking in nature and are subject to various risks,
uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect, the
Company's actual results may vary materially from those anticipated, estimated,
or expected. Among the key risks and uncertainties that may have a direct
bearing on the Company's future operating results, performance, or financial
condition expressed or implied by the forward-looking statements are the matters
discussed in the Risk Factors section of the Company's Annual Report on Form
10-K for the year ended December 31, 2019 filed with the SEC on February 27,
2020 and Quarterly Report on Form 10-Q for the three months ended March 31, 2020
filed on May 7, 2020. Although the Company may from time to time voluntarily
update its prior forward-looking statements, it disclaims any commitment to do
so except as required by securities laws.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are furnished as part of this report:
Exhibit
No. Description
Press Release dated May 7, 2020 - "Nelnet Reports First
99.1 Quarter 20 20 Results"
99.2 Supplemental Financial Information for the Quarter Ended March 31, 2020
Cover Page Interactive Data File (formatted as Inline XBRL and included as
104 Exhibit 101).
Nelnet, Inc. operates businesses that are engaged in loan servicing and education technology services and payments. The Company's segments include Loan Servicing and Systems (LSS), Education Technology Services and Payments (ETSP), Asset Generation and Management (AGM), and Nelnet Bank. The LSS segment is focused on student and consumer loan servicing, loan servicing-related technology solutions and outsourcing business services. This segment includes the brands Nelnet Diversified Solutions, Nelnet Government Services and others. The ETSP segment provides education and payment technology and services for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition and management of student and other loan assets, including investment interests therein. The Nelnet Bank includes an Internet Utah-chartered industrial bank focused on the private education and unsecured consumer loan markets.
NELNET, INC. 
