BSBR FY 2008 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

FY 2008 Earnings

Reported December 31, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$4.8B	—	$3.3B	—	48.8%
Op. Income	$514M	—	$541M	—	-5.1%
Gross Margin	43.6%	—	49.3%	—	-5.7pp
Net Margin	9.9%	—	11.8%	—	-1.9pp
EPS (Diluted)	$0.13	—	$0.16	—	-16.9%
Free Cash Flow	-$3.2B	—	$2.8B	—	-215.3%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$153M
Operating Expenses	$1.6B
Cost & Expenses	$4.3B
OPERATING INCOME	$514M
Interest Income	$4.8B
Interest Expense	$2.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$514M
Income Tax Expense	$34M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$479M
D&A	$170M
EBIT	$514M
EBITDA	$684M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$153M
Operating Expenses	$1.6B
Cost & Expenses	$4.3B
OPERATING INCOME	$514M
Interest Income	$4.8B
Interest Expense	$2.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$514M
Income Tax Expense	$34M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$479M
D&A	$170M
EBIT	$514M
EBITDA	$684M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$479M
Depreciation & Amortization	$170M
Stock-Based Compensation	$0
Deferred Income Tax	-$202M
Other Non-Cash Items	$1.1B
Change in Working Capital	-$4.2B
OPERATING CASH FLOW	-$2.7B
Capital Expenditure	-$562M
Acquisitions (Net)	$2.4B
Purchases of Investments	-$2M
Sales/Maturities of Investments	$31M
Other Investing Activities	-$47M
NET CASH FROM INVESTING	$2.0B
Net Debt Issuance	$759M
Common Stock Repurchased	$0
Common Dividends Paid	-$303M
Other Financing Activities	$131M
NET CASH FROM FINANCING	$749M
FREE CASH FLOW	-$3.2B
Net Change in Cash	$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.8B
Short-Term Investments	$0
Net Receivables	$232M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$771M
Goodwill	$5.5B
Intangible Assets	$707M
Long-Term Investments	$40.3B
Tax Assets	$2.4B
Other Non-Current Assets	$4.4B
TOTAL NON-CURRENT ASSETS	$54.1B
TOTAL ASSETS	$59.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$39.0B
TOTAL CURRENT LIABILITIES	$39.0B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$631M
Other Non-Current Liabilities	$7.2B
TOTAL NON-CURRENT LIABILITIES	$10.2B
TOTAL LIABILITIES	$49.2B
Common Stock	$9.5B
Additional Paid-In Capital	$0
Retained Earnings	$729M
Treasury Stock	$0
Accum. Other Comp. Income	$103M
Other Equity	-$293M
TOTAL STOCKHOLDERS' EQUITY	$10.0B
Minority Interest	$1M
TOTAL EQUITY	$10.0B
TOTAL LIABILITIES & EQUITY	$59.3B
Total Debt	$2.4B
Net Debt	-$2.3B