Sallie Mae 2011 Annual Report Download - page 26

Item 6. Selected Financial Data
Selected Financial Data 2007-2011
(Dollars in millions, except per share amounts)
The following table sets forth our selected financial and other operating information prepared in accordance
with GAAP. The selected financial data in the table is derived from our consolidated financial statements. The
data should be read in conjunction with the consolidated financial statements, related notes, and Item 7
“Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
2011 2010 2009 2008 2007
Operating Data:
Net interest income ............................ $ 3,529 $ 3,479 $ 1,723 $ 1,365 $ 1,588
Net income (loss) attributable to SLM Corporation:
Continuing operations, net of tax ............. $ 600 $ 597 $ 544 $ 2 $ (938)
Discontinued operations, net of tax ........... 33 (67) (220) (215) 42
Net income (loss) attributable to SLM Corporation . . $ 633 $ 530 $ 324 $ (213) $ (896)
Basic earnings (loss) per common share attributable to
SLM Corporation:
Continuing operations ..................... $ 1.13 $ 1.08 $ .85 $ (.23) $ (2.36)
Discontinued operations .................... .06 (.14) (.47) (.46) .10
Total ....................................... $ 1.19 $ .94 $ .38 $ (.69) $ (2.26)
Diluted earnings (loss) per common share attributable
to SLM Corporation:
Continuing operations ..................... $ 1.12 $ 1.08 $ .85 $ (.23) $ (2.36)
Discontinued operations .................... .06 (.14) (.47) (.46) .10
Total ....................................... $ 1.18 $ .94 $ .38 $ (.69) $ (2.26)
Dividends per common share attributable to SLM
Corporation common shareholders ............. $ .30 $ — $ — $ — $ .25
Return on common stockholders’ equity ........... 14% 13% 5% (9)% (22)%
Net interest margin ............................ 1.85 1.82 1.05 .93 1.26
Return on assets .............................. .33 .28 .20 (.14) (.71)
Dividend payout ratio .......................... 25 — — — (11)
Average equity/average assets ................... 2.54 2.47 2.96 3.45 3.51
Balance Sheet Data:
Student loans, net ............................. $174,420 $184,305 $143,807 $144,802 $124,153
Total assets .................................. 193,345 205,307 169,985 168,768 155,565
Total borrowings ............................. 183,966 197,159 161,443 160,158 147,046
Total SLM Corporation stockholders’ equity ....... 5,243 5,012 5,279 4,999 5,224
Book value per common share ................... 9.20 8.44 8.05 7.03 7.84
Other Data:
Off-balance sheet securitized student loans, net ..... $ — $ — $ 32,638 $ 35,591 $ 39,423
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