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The loan receivables information shown below is provided on both a GAAP basis and a “non-GAAP as-adjusted” basis.
The non-GAAP as-adjusted basis assumes that the trusts used in our securitization activities were consolidated into our
financial results and excludes from results income received in connection with the antitrust litigation settlement in 2009 and
2008. For an explanation as to why management believes that the non-GAAP as-adjusted numbers are useful to investors and
for a reconciliation of these numbers, see “Management's Discussion and Analysis of Financial Condition and Results of
Operations - Reconciliations of GAAP to Non-GAAP As-Adjusted Data.”
Selected Statistics:
Total Loan Receivables
GAAP information:
Loan receivables
Average loan receivables
Interest yield
Net principal charge-off rate
Delinquency rate (over 30 days)
Delinquency rate (over 90 days)
Non-GAAP as-adjusted information:
Loan receivables - Non-GAAP as-adjusted
Average loan receivables - Non-GAAP as-adjusted
Interest yield - Non-GAAP as adjusted
Net principal charge-off rate - Non-GAAP as-adjusted
Delinquency rate (over 30 days) - Non-GAAP as-adjusted
Delinquency rate (over 90 days) - Non-GAAP as-adjusted
Total Credit Card Loan Receivables
GAAP information
Credit card loan receivables
Average credit card loan receivables
Interest yield
Net principal charge-off rate
Delinquency rate (over 30 days)
Delinquency rate (over 90 days)
Non-GAAP as-adjusted information:
Credit card loan receivables - Non-GAAP as-adjusted
Average credit card loan receivables - Non-GAAP as-
adjusted
Interest yield - Non-GAAP as-adjusted
Net principal charge-off rate - Non-GAAP as-adjusted
Delinquency rate (over 30 days) - Non-GAAP as-adjusted
Delinquency rate (over 90 days) - Non-GAAP as-adjusted
Personal loans
GAAP information
Personal loan receivables
Average personal loan receivables
Interest yield
Net principal charge-off rate
Delinquency rate (over 30 days)
Delinquency rate (over 90 days)
Private Student Loans (excluding PCI)
GAAP information
Private student loan receivables
Average private student loan receivables
Interest yield
Net principal charge-off rate
Delinquency rate (over 30 days)
Delinquency rate (over 90 days)
For the Years Ended November 30,
2011(1)
$57,336,935
$52,942,622
11.85%
3.99%
2.30%
1.14%
N/A
N/A
N/A
N/A
N/A
N/A
$46,638,625
$45,204,829
12.51%
4.50%
2.39%
1.20%
N/A
N/A
N/A
N/A
N/A
N/A
$2,648,051
$2,228,226
11.94%
3.02%
0.87%
0.28%
$2,069,001
$1,637,260
7.04%
0.48%
0.63%
0.14%
2010(1)
(dollars in thousands)
$48,836,413
$49,909,187
12.20%
7.57%
3.89%
2.04%
N/A
N/A
N/A
N/A
N/A
N/A
$45,156,994
$45,616,791
12.79%
8.08%
4.06%
2.12%
N/A
N/A
N/A
N/A
N/A
N/A
$1,877,633
$1,592,661
11.41%
5.72%
1.57%
0.57%
$999,322
$826,807
5.75%
0.33%
0.50%
0.14%
2009
$23,625,084
$26,552,574
11.31%
7.45%
4.92%
2.58%
$50,854,146
$51,130,117
12.40%
7.77%
5.31%
2.78%
$20,230,302
$24,266,782
11.69%
7.87%
5.52%
2.92%
$47,459,364
$48,844,325
12.63%
8.00%
5.60%
2.94%
$1,394,379
$1,223,841
11.38%
5.53%
2.17%
0.71%
$579,679
$363,985
4.73%
0.05%
0.13%
0.03%
2008
$25,216,611
$21,348,493
10.89%
4.59%
4.35%
2.06%
$51,095,278
$49,011,148
12.59%
5.01%
4.56%
2.17%
$23,814,307
$20,566,864
10.92%
4.73%
4.55%
2.16%
$49,692,974
$48,229,519
12.63%
5.07%
4.66%
2.22%
$1,028,093
$620,446
11.57%
1.19%
1.06%
0.25%
$132,180
$42,951
5.85%
0.01%
0.09%
—%
2007
$20,831,117
$19,947,784
10.73%
3.40%
3.26%
1.51%
$48,180,436
$46,913,474
12.65%
3.83%
3.58%
1.67%
$20,579,923
$19,845,880
10.75%
3.41%
3.28%
1.53%
$47,929,242
$46,811,570
12.66%
3.84%
3.59%
1.68%
$165,529
$25,335
10.81%
3.43%
0.28%
0.07%
$8,440
$1,797
6.07%
—%
1.05%
0.51%
(1) Amounts as of and for the years ended November 30, 2011 and 2010 include securitized loans as a result of the consolidation of the securitization trusts related to a change in
accounting principle on December 1, 2009. Amounts under “GAAP information” prior to December 1, 2009 do not include securitized loans.
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