Sallie Mae 2001 Annual Report Download - page 13
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2001 Financial Highlights
(Dollars in millions, except share and per share amounts)
Increase
(decrease)
2001 2000 %
December 31,
On-balance sheet student loans $41,001 $37,647
Off-balance sheet student loans 30,725 29,868
_____________________________ _____________________________
Managed student loans $71,726 $67,515 6
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Years ended December 31,
Pro-forma“core cash basis”(2) net income $ 624 $ 492 27
Pro-forma“core cash basis”(2) diluted earnings per common share $ 3.75 $ 2.93 28
Dividends per common share $ .73 $ .66 11
Average common and common equivalent shares outstanding 163,399,582 164,354,935 (1)
(1) Exclusive of certain one-time, non-recurring expenses incurred in the third quarter
of 1997 and a one-time integration charge incurred in the third quarter of 2000.
(2) See “Pro-forma ‘Core Cash Basis’ Consolidated Statements of Income,” Page 14.
$3.5—
3.0—
2.5—
2.0—
1.5—
1.0—
0.5—
Diluted EPS
“Core Cash Basis”(2)
Diluted EPS
$600—
500—
400—
300—
200—
100—
Net Income
“Core Cash Basis”(2)
Net Income
(in millions)
$70—
60—
50—
40—
30—
20—
10—
Ending Managed
Student Loans
(in billions)
1.0%—
0.8 —
0.6 —
0.4 —
0.2 —
Operating Expenses(1)
as Percent of Average
Managed Loans
97 98 99 00 01 97 98 99 00 01
97 98 99 00 01 97 98 99 00 01