Investor Presentaiton
Navient Is Focused On Expense Efficiency
Notable Items Impacting Total Expenses Compared to Prior Periods
($ In millions)
Q4 20
Reported Core Earnings Expenses
$269
Year over Year Change in Reported Core Earnings Expenses
14%
Q4 19
2020
2019
$237
$973
$990
(2%)
Restructuring & Reorganization Expenses
Regulatory-Related Expenses
$2
$9
$6
$20
($9)
$33
$6
Adjusted Core Earnings Expenses 1
$249
$244
$931
$978
Year over Year Change in Adjusted Core Earnings Expenses
2%
(5%)
Transition Services Agreement
Costs Associated with Proxy Contest Matters
$4
$11
$20
$1
$13
Comparable Core Earnings Total Expenses 1
$249
$239
$920
$945
Year over Year Change in Comparable Core Earnings Total Expenses
4%
(3%)
1 "Adjusted" and "Comparable" expenses are non-GAAP financial measures. By using these measures, management can make better short-term and long-term decisions related to expense management and allocation.
©2021 Navient Solutions, LLC. All rights reserved.
III
43View entire presentation