secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001258602-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nelnet Q4 GAAP net loss $8.6M ($0.23/share) on renewable charges
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- GAAP net loss $8.6M vs net income $30.8M YoY; non-GAAP net loss $1.3M ($0.04/share).
- Nelnet Renewable Energy division incurred $40.3M after-tax losses including $20.6M impairment.
- Education Technology Services revenue $106.1M (+8% YoY) and net income $10.1M (+74%).
- AGM net interest income fell to $35.6M from $58.5M; loan portfolio averaged $12.5B.
- Operating cash flow $433M in 2023; fee-based businesses now majority of net income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000023/0001258602-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000023/nni-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001258602-24-000023

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