Investor Presentaiton

Differences Between Core Earnings And GAAP Quarters Ended Years Ended Core Earnings adjustments to GAAP: (Dollars in Millions) Dec. 31, 2020 Dec. 31, 2019 2020 2019 GAAP net income (loss) Net impact of derivative accounting Net impact of goodwill and acquired intangible assets Net income tax effect $186 $171 $412 $597 (28) (27) 265 (5) 5 6 22 30 3 3 (68) (15) Total Core Earnings adjustments to GAAP (20) (18) 219 10 Core Earnings net income (loss) ©2021 Navient Solutions, LLC. All rights reserved. $166 $153 $631 $607 ||| 51

View entire presentation