BSBR FY 2009 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

FY 2009 Earnings

Reported December 31, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$7.7B	—	$4.8B	—	58.7%
Op. Income	$1.6B	—	$514M	—	219.2%
Gross Margin	45.9%	—	43.6%	—	2.3pp
Net Margin	14.4%	—	9.9%	—	4.5pp
EPS (Diluted)	$0.17	—	$0.13	—	31.3%
Free Cash Flow	-$3.1B	—	-$3.2B	—	3.2%

Revenue Flow

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$4.2B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.2B
SG&A Expenses	$2.2B
Other Expenses	-$318M
Operating Expenses	$1.9B
Cost & Expenses	$6.0B
OPERATING INCOME	$1.6B
Interest Income	$7.9B
Interest Expense	$3.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$530M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$252M
EBIT	$1.6B
EBITDA	$1.9B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$4.2B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.2B
SG&A Expenses	$2.2B
Other Expenses	-$318M
Operating Expenses	$1.9B
Cost & Expenses	$6.0B
OPERATING INCOME	$1.6B
Interest Income	$7.9B
Interest Expense	$3.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$530M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$252M
EBIT	$1.6B
EBITDA	$1.9B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$252M
Stock-Based Compensation	$0
Deferred Income Tax	-$206M
Other Non-Cash Items	$1.7B
Change in Working Capital	-$5.4B
OPERATING CASH FLOW	-$2.5B
Capital Expenditure	-$661M
Acquisitions (Net)	$894M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	$551M
Net Debt Issuance	$2.9B
Common Stock Repurchased	-$392.5K
Common Dividends Paid	-$310M
Other Financing Activities	-$2.9B
NET CASH FROM FINANCING	$2.3B
FREE CASH FLOW	-$3.1B
Net Change in Cash	$399M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.5B
Short-Term Investments	$0
Net Receivables	$436M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.9B
PP&E (Net)	$746M
Goodwill	$5.7B
Intangible Assets	$666M
Long-Term Investments	$43.4B
Tax Assets	$2.7B
Other Non-Current Assets	$4.4B
TOTAL NON-CURRENT ASSETS	$57.7B
TOTAL ASSETS	$63.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$35.3B
TOTAL CURRENT LIABILITIES	$35.3B
Long-Term Debt	$4.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$779M
Other Non-Current Liabilities	$9.1B
TOTAL NON-CURRENT LIABILITIES	$14.4B
TOTAL LIABILITIES	$49.7B
Common Stock	$12.6B
Additional Paid-In Capital	$0
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$113M
Other Equity	-$317M
TOTAL STOCKHOLDERS' EQUITY	$14.0B
Minority Interest	$269.6K
TOTAL EQUITY	$14.0B
TOTAL LIABILITIES & EQUITY	$63.7B
Total Debt	$4.6B
Net Debt	-$912M