Sallie Mae 2013 Annual Report Download - page 215

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SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. Segment Reporting (Continued)
Our “Core Earnings” performance measures are not defined terms within GAAP and may not be comparable
to similarly titled measures reported by other companies. Unlike financial accounting, there is no comprehensive,
authoritative guidance for management reporting. The management reporting process measures the performance
of the operating segments based on the management structure of the Company and is not necessarily comparable
with similar information for any other financial institution. Our operating segments are defined by the products
and services they offer or the types of customers they serve, and they reflect the manner in which financial
information is currently evaluated by management. Intersegment revenues and expenses are netted within the
appropriate financial statement line items consistent with the income statement presentation provided to
management. Changes in management structure or allocation methodologies and procedures may result in
changes in reported segment financial information.
F-77