Sallie Mae 2000 Annual Report Download - page 14

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12
CONSOLIDATED BALANCE SHEETS USA Education, Inc.
December 31,
(Dollars in thousands, except share and per share amounts) 2000 1999
ASSETS
Student loans $37,647,297 $33,808,867
Warehousing advances 987,352 1,042,695
Academic facilities financings 851,168 1,027,765
Investments 5,206,022 5,184,956
Cash and cash equivalents 734,468 589,750
Other assets, principally accrued interest receivable 3,365,481 2,370,751
Total assets $48,791,788 $44,024,784
LIABILITIES
Short-term borrowings $30,463,988 $37,491,251
Long-term notes 14,910,939 4,496,267
Other liabilities 1,787,642 982,469
Total liabilities 47,162,569 42,969,987
Commitments and contingencies
Minority interest in subsidiary 213,883 213,883
Stockholders’ equity
Preferred stock, par value $.20 per share, 20,000,000 shares authorized:
3,300,000 and 3,300,000 shares, respectively, issued at stated value of $50 per share 165,000 165,000
Common stock, par value $.20 per share, 250,000,000 shares authorized:
190,851,936 and 186,069,619 shares issued, respectively 38,170 37,214
Additional paid-in capital 225,211 62,827
Unrealized gains on investments (net of tax of $167,624 and $160,319, respectively) 311,301 297,735
Retained earnings 1,810,902 1,462,034
Stockholders’ equity before treasury stock 2,550,584 2,024,810
Common stock held in treasury at cost: 26,707,091 and 28,493,072 shares, respectively 1,135,248 1,183,896
Total stockholders’ equity 1,415,336 840,914
Total liabilities and stockholders’ equity $48,791,788 $44,024,784
The financial statements should be read in conjunction with the financial statements and notes thereto included in the Company's Form 10-K to the
Securities and Exchange Commission.