SLM Corp
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $744.8M | $608.3M | $581.4M | $469.0M | $1.16B | $880.7M | $578.3M | $487.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $16.2M | $17.7M | $17.8M | $17.3M | $16.0M | $15.1M | $14.7M | $13.8M |
| Amortization | $4.0M | $5.0M | $10.0M | $8.0M | $0 | $0 | — | — |
| Stock-Based Compensation | $40.6M | $40.0M | $36.4M | $34.5M | $30.6M | $36.5M | $30.6M | $31.5M |
| Net Cash from Operating Activities | $-398.6M | $-329.4M | $-144.6M | $5.0M | $-49.5M | $-182.7M | $-15.6M | $-102.7M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $1.05B | $676.0M | $-12.5M | $1.08B | $2.60B | $947.3M | $-2.31B | $-3.25B |
| Financing Activities | ||||||||
| Dividends Paid | $107.7M | $99.2M | $101.2M | $113.0M | $60.5M | $46.4M | $16.8M | $15.6M |
| Stock Repurchases | $368.7M | $248.0M | $350.3M | $713.2M | $1.53B | $558.2M | $167.2M | $0 |
| Net Cash from Financing Activities | $-1.10B | $228.2M | $-316.2M | $-854.9M | $-2.62B | $-1.88B | $5.36B | $4.40B |
| Net Change in Cash | $-455.7M | $574.8M | $-473.3M | $227.5M | $-64.4M | $-1.11B | $3.04B | $1.05B |
| Free Cash Flow | — | — | — | — | — | — | — | — |