Sallie Mae 2015 Annual Report Download - page 101
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F-11
Repayment of borrowings under ABCP facility. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (710,005) — —
Fees paid - ABCP facility. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,337) — —
Net decrease in deposits with entity that is a subsidiary of Navient . . . . . . . . . . . . . . . . . . . . — (5,633) (126,923)
Special cash contribution from Navient. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 472,718 —
Net capital contributions from entity that is a subsidiary of Navient. . . . . . . . . . . . . . . . . . . . — 12,022 (164,471)
Excess tax benefit from the exercise of stock-based awards . . . . . . . . . . . . . . . . . . . . . . . . . . 6,140 3,271 6,258
Preferred stock dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (19,595) (12,933) —
Dividend paid to entity that is a subsidiary of Navient . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (120,000)
Net cash provided by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,995,151 2,002,059 1,244,879
Net increase in cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,439 176,915 583,783
Cash and cash equivalents at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,359,780 2,182,865 1,599,082
Cash and cash equivalents at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,416,219 $ 2,359,780 $ 2,182,865
Cash disbursements made for:
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 111,563 $ 90,329 $ 76,901
Income taxes paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 205,698 $ 401,834 $ 81,194
Income taxes received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (25,151) $ (3,015) $ —
See accompanying notes to consolidated financial statements.