Navient Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|
| Revenue | $2.21B | $2.52B | $3.12B | $3.57B | $4.05B | $3.45B |
| Cost of Revenue | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — |
| Operating Income | $3.74B | $3.55B | $3.65B | $3.88B | $4.30B | $4.00B |
| Operating Margin | 169.2% | 140.6% | 117.0% | 108.6% | 106.0% | 115.8% |
| Interest Expense | $2.97B | $2.44B | $2.07B | $2.06B | $2.21B | $2.56B |
| Pretax Income | $764.0M | $1.11B | $1.58B | $1.82B | $2.09B | $1.44B |
| Income Tax Expense | $472.0M | $427.0M | $597.0M | $681.0M | $776.0M | $498.0M |
| Net Income | $292.0M | $681.0M | $984.0M | $1.14B | $1.42B | $939.0M |
| Net Margin | 13.2% | 27.0% | 31.5% | 31.8% | 35.0% | 27.2% |
| EPS (Basic) | $1.06 | $2.15 | $2.62 | $2.71 | $3.18 | $1.93 |
| EPS (Diluted) | $1.04 | $2.12 | $2.58 | $2.66 | $3.12 | $1.90 |
| Shares Outstanding (Basic) | 275.0M | 316.0M | 376.0M | 417.0M | 440.0M | 476.0M |
| Shares Outstanding (Diluted) | 281.0M | 322.0M | 382.0M | 425.0M | 449.0M | 483.0M |
| Dividends Per Share | $0.64 | $0.64 | $0.64 | $0.60 | $0.60 | $0.50 |