BSAC FY 2022 Earnings Report — Banco Santander-Chile Revenue & Financial Results | Market Cap Arena

Banco Santander-ChileBSAC

FY 2022 Earnings

Reported February 22, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$5.3B	—	$3.8B	—	39.9%
Op. Income	$1.0B	—	$1.2B	—	-16.1%
Gross Margin	39.1%	—	58.5%	—	-19.3pp
Net Margin	16.8%	—	25.0%	—	-8.2pp
EPS (Diluted)	$1.89	—	$2.01	—	-6.0%
Free Cash Flow	-$531M	—	-$3.7B	—	85.4%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$29M
General & Administrative	$812M
SG&A Expenses	$842M
Other Expenses	$223M
Operating Expenses	$1.1B
Cost & Expenses	$4.3B
OPERATING INCOME	$1.0B
Interest Income	$4.6B
Interest Expense	$2.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$105M
Net Income from Continuing Ops	$909M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$892M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$892M
D&A	$146M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.2B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$29M
General & Administrative	$812M
SG&A Expenses	$842M
Other Expenses	$223M
Operating Expenses	$1.1B
Cost & Expenses	$4.3B
OPERATING INCOME	$1.0B
Interest Income	$4.6B
Interest Expense	$2.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$105M
Net Income from Continuing Ops	$909M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$892M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$892M
D&A	$146M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$892M
Depreciation & Amortization	$146M
Stock-Based Compensation	-$1M
Deferred Income Tax	-$59M
Other Non-Cash Items	-$342M
Change in Working Capital	-$1.0B
OPERATING CASH FLOW	-$404M
Capital Expenditure	-$127M
Acquisitions (Net)	$21M
Purchases of Investments	-$729M
Sales/Maturities of Investments	$708M
Other Investing Activities	$21M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	$91M
Common Stock Repurchased	$0
Common Dividends Paid	-$523M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$433M
FREE CASH FLOW	-$531M
Net Change in Cash	-$914M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.9B
Short-Term Investments	$6.8B
Net Receivables	$573M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$13.3B
PP&E (Net)	$419M
Goodwill	$0
Intangible Assets	$121M
Long-Term Investments	$12.4B
Tax Assets	$722M
Other Non-Current Assets	-$722M
TOTAL NON-CURRENT ASSETS	$12.9B
TOTAL ASSETS	$77.0B
Account Payables	$679M
Short-Term Debt	$355M
Deferred Revenue	$7M
Other Current Liabilities	-$1.1B
TOTAL CURRENT LIABILITIES	$498M
Long-Term Debt	$11.8B
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$424M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$12.3B
TOTAL LIABILITIES	$71.4B
Common Stock	$1.0B
Additional Paid-In Capital	$0
Retained Earnings	$765M
Treasury Stock	$0
Accum. Other Comp. Income	$3.0B
Other Equity	$664M
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$123M
TOTAL EQUITY	$5.6B
TOTAL LIABILITIES & EQUITY	$77.0B
Total Debt	$12.3B
Net Debt	$6.3B