Sallie Mae 2009 Annual Report Download - page 22

Item 6. Selected Financial Data
Selected Financial Data 2005-2009
(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 “MANAGE-
MENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERA-
TIONS” included in this Form 10-K.
2009 2008 2007 2006 2005
Operating Data:
Net interest income ............... $ 1,723 $ 1,365 $ 1,588 $ 1,454 $ 1,451
Net income (loss) attributable to SLM
Corporation:
Continuing operations, net of tax . . . $ 482 $ (70) $ (902) $ 1,147 $ 1,379
Discontinued operations, net of tax . . (158) (143) 6 10 3
Net income (loss) attributable to SLM
Corporation ................... $ 324 $ (213) $ (896) $ 1,157 $ 1,382
Basic earnings (loss) per common
share attributable to SLM
Corporation common shareholders:
Continuing operations . . . ........ $ .71 $ (.39) $ (2.28) $ 2.71 $ 3.24
Discontinued operations . . ........ (.33) (.30) .02 .02 .01
Total .......................... $ .38 $ (.69) $ (2.26) $ 2.73 $ 3.25
Diluted earnings (loss) per common
share attributable to SLM
Corporation common shareholders:
Continuing operations . . . ........ $ .71 $ (.39) $ (2.28) $ 2.61 $ 3.04
Discontinued operations . . ........ (.33) (.30) .02 .02 .01
Total .......................... $ .38 $ (.69) $ (2.26) $ 2.63 $ 3.05
Dividends per common share
attributable to SLM Corporation
common shareholders ............ $ — $ — $ .25 $ .97 $ .85
Return on common stockholders’
equity ....................... 5% (9)% (22)% 32% 45%
Net interest margin ............... 1.05 .93 1.26 1.54 1.77
Return on assets ................. .20 (.14) (.71) 1.22 1.68
Dividend payout ratio ............. — — (11) 37 28
Average equity/average assets........ 2.96 3.45 3.51 3.98 3.82
Balance Sheet Data:
Student loans, net ................ $143,807 $144,802 $124,153 $ 95,920 $82,604
Total assets ..................... 169,985 168,768 155,565 116,136 99,339
Total borrowings ................. 161,443 160,158 147,046 108,087 91,929
Total SLM Corporation stockholders’
equity ....................... 5,279 4,999 5,224 4,360 3,792
Book value per common share ....... 8.05 7.03 7.84 9.24 7.81
Other Data:
Off-balance sheet securitized student
loans, net ..................... $ 32,638 $ 35,591 $ 39,423 $ 46,172 $39,925
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