Sallie Mae 2005 Annual Report Download - page 41
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31
Item 6. Selected Financial Data
Selected Financial Data 2001-2005
(Dollars in millions, except per share amounts)
The following table sets forth selected financial and other operating information of the Company. The
selected financial data in the table is derived from the consolidated financial statements of the Company.
The data should be read in conjunction with the consolidated financial statements, related notes, and
“MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS” included in this Form 10-K.
2005 2004 2003 2002 2001
Operating Data:
Netinterestincome........................... $ 1,451 $ 1,299 $ 1,326 $ 1,425 $ 1,126
Netincome.................................. 1,382 1,914 1,534 792 384
Basic earnings per common share, before
cumulative effect of accounting change ....... 3.25 4.36 3.08 1.69 .78
Basic earnings per common share, after
cumulative effect of accounting change ....... 3.25 4.36 3.37 1.69 .78
Diluted earnings per common share, before
cumulative effect of accounting change ....... 3.05 4.04 2.91 1.64 .76
Diluted earnings per common share, after
cumulative effect of accounting change ....... 3.05 4.04 3.18 1.64 .76
Dividendspercommonshare.................. .85 .74 .59 .28 .24
Return on common stockholders’ equity ........ 45% 73% 66% 46
% 30%
Netinterestmargin........................... 1.77 1.92 2.53 2.92 2.33
Return on assets ............................. 1.68 2.80 2.89 1.60 .78
Dividendpayoutratio......................... 28 18 19 17 32
Average equity/average assets.................. 3.82 3.73 4.19 3.44 2.66
Balance Sheet Data:
Student loans, net............................ $82,604 $ 65,981 $ 50,047 $ 42,339 $ 41,001
Total assets.................................. 99,339 84,094 64,611 53,175 52,874
Total borrowings ............................. 91,929 78,122 58,543 47,861 48,350
Stockholders’equity.......................... 3,792 3,102 2,630 1,998 1,672
Book value per common share ................. 7.81 6.93 5.51 4.00 3.23
Other Data:
Off-balance sheet securitized student loans, net . . $ 39,925 $ 41,457 $ 38,742 $ 35,785 $ 30,725