Sallie Mae 2013 Annual Report Download - page 60

Item 6. Selected Financial Data.
Selected Financial Data 2009-2013
(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.”
2013 2012 2011 2010 2009
Operating Data:
Net interest income ............................ $ 3,167 $ 3,208 $ 3,529 $ 3,479 $ 1,723
Net income (loss) attributable to SLM Corporation:
Continuing operations, net of tax ............... $ 1,312 $ 941 $ 598 $ 729 $ 531
Discontinued operations, net of tax ............. 106 (2) 35 (199) (207)
Net income (loss) attributable to SLM Corporation . . $ 1,418 $ 939 $ 633 $ 530 $ 324
Basic earnings (loss) per common share attributable to
SLM Corporation:
Continuing operations ....................... $ 2.94 $ 1.93 $ 1.12 $ 1.35 $ .82
Discontinued operations ...................... .24 — .07 (.41) (.44)
Total ....................................... $ 3.18 $ 1.93 $ 1.19 $ .94 $ .38
Diluted earnings (loss) per common share attributable
to SLM Corporation:
Continuing operations ....................... $ 2.89 $ 1.90 $ 1.11 $ 1.35 $ .82
Discontinued operations ...................... .23 — .07 (.41) (.44)
Total ....................................... $ 3.12 $ 1.90 $ 1.18 $ .94 $ .38
Dividends per common share attributable to SLM
Corporation common shareholders ............. $ .60 $ .50 $ .30 $ — $ —
Return on common stockholders’ equity ........... 29% 21% 14% 13% 5%
Net interest margin ............................ 1.98 1.78 1.85 1.82 1.05
Return on assets .............................. .89 .52 .33 .28 .20
Dividend payout ratio .......................... 19 26 25 — —
Average equity/average assets ................... 3.28 2.69 2.54 2.47 2.96
Balance Sheet Data:
Student loans, net ............................. $142,100 $162,546 $174,420 $184,305 $143,807
Total assets .................................. 159,543 181,260 193,345 205,307 169,985
Total borrowings ............................. 150,443 172,257 183,966 197,159 161,443
Total SLM Corporation stockholders’ equity ....... 5,637 5,060 5,243 5,012 5,279
Book value per common share ................... 11.82 9.92 9.20 8.44 8.05
Other Data:
Off-balance sheet securitized student loans, net ..... $ — $ — $ — $ — $ 32,638
* Pursuant to Item 601(b)(21)(ii) of Regulation S-K, the names of other subsidiaries of SLM Corporation are omitted because, considered in
the aggregate, they would not constitute a significant subsidiary as of the end of the year covered by this report.
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