SLM » Topics » Operating Expenses-Corporate and Other Business Segment

This excerpt taken from the SLM 8-K filed Oct 19, 2006.

Operating Expenses—Corporate and Other Business Segment

        Operating expenses for our Corporate and Other business segment include direct costs incurred to service loans for unrelated third parties and to perform guarantor servicing on behalf of guarantor agencies, as well as information technology expenses related to these functions. Both the second and third quarter 2006 operating expenses for our Corporate and Other business segment also include $4 million, respectively, of stock-based compensation expense, due to the implementation of SFAS No. 123(R) (see "RESULTS OF OPERATIONS—Stock-Based Compensation Expense"). Also, the third quarter of 2006 reflects two months of expenses of Upromise, acquired in August 2006.

This excerpt taken from the SLM 10-Q filed May 10, 2006.

Operating Expenses—Corporate and Other Business Segment

        The following table summarizes the components of operating expenses for our Corporate and Other Business segment for the three months ended March 31, 2006 and 2005.

 
  Three months ended
March 31,

 
  2006
  2005
Operating expenses   $ 38   $ 34
Corporate overhead     21     17
   
 
Total operating expenses   $ 59   $ 51
   
 

        Operating expenses for our Corporate and Other business segment include direct costs incurred to service loans for unrelated third parties and to perform guarantor servicing on behalf of guarantor agencies, as well as information technology expenses related to these functions. First quarter 2006 operating expenses for our Corporate and Other business segment also include $5 million of stock-based compensation expense, due to the implementation of SFAS No. 123(R) (see Note 1, "Significant Accounting Policies—Share-Based Payment," and Note 8, "Stock-Based Compensation Plans" to the consolidated financial statements).

        At March 31, 2006 and December 31, 2005, the Corporate and Other business segment had total assets of $481 million and $719 million, respectively.

This excerpt taken from the SLM 8-K filed Apr 20, 2006.

Operating Expenses—Corporate and Other Business Segment

        Operating expenses for our Corporate and Other business segment include direct costs incurred to service loans for unrelated third parties and to perform guarantor servicing on behalf of guarantor agencies, as well as information technology expenses related to these functions. First quarter 2006 operating expenses for our Corporate and Other business segment also include $5 million of stock-based employee compensation expense, due to the implementation of SFAS No. 123(R) (see "RESULTS OF OPERATIONS—Stock-Based Employee Compensation Expense").

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