BSBR FY 2010 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

FY 2010 Earnings

Reported December 31, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$8.4B	—	$7.7B	—	9.8%
Op. Income	$2.0B	—	$1.6B	—	22.9%
Gross Margin	55.2%	—	45.9%	—	9.3pp
Net Margin	17.6%	—	14.4%	—	3.2pp
EPS (Diluted)	$0.20	—	$0.17	—	17.9%
Free Cash Flow	-$2.6B	—	-$3.1B	—	17.6%

Revenue Flow

Item	Amount
REVENUE	$8.4B
Cost of Revenue	$3.8B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$85M
General & Administrative	$2.0B
SG&A Expenses	$2.1B
Other Expenses	$592M
Operating Expenses	$2.6B
Cost & Expenses	$6.4B
OPERATING INCOME	$2.0B
Interest Income	$8.2B
Interest Expense	$3.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$527M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$758M
D&A	$249M
EBIT	$2.0B
EBITDA	$2.3B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$8.4B
Cost of Revenue	$3.8B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$85M
General & Administrative	$2.0B
SG&A Expenses	$2.1B
Other Expenses	$592M
Operating Expenses	$2.6B
Cost & Expenses	$6.4B
OPERATING INCOME	$2.0B
Interest Income	$8.2B
Interest Expense	$3.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$527M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$758M
D&A	$249M
EBIT	$2.0B
EBITDA	$2.3B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$249M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$1.8B
Change in Working Capital	-$5.7B
OPERATING CASH FLOW	-$2.1B
Capital Expenditure	-$485M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$204M
NET CASH FROM INVESTING	-$470M
Net Debt Issuance	-$511M
Common Stock Repurchased	$0
Common Dividends Paid	-$551M
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$667M
FREE CASH FLOW	-$2.6B
Net Change in Cash	-$1.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.4B
Short-Term Investments	$9.5B
Net Receivables	$455M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$21.6B
PP&E (Net)	$910M
Goodwill	$5.7B
Intangible Assets	$735M
Long-Term Investments	$38.8B
Tax Assets	$2.7B
Other Non-Current Assets	$5.0B
TOTAL NON-CURRENT ASSETS	$53.9B
TOTAL ASSETS	$75.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$34.8B
TOTAL CURRENT LIABILITIES	$35.1B
Long-Term Debt	$6.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$862M
Other Non-Current Liabilities	$18.7B
TOTAL NON-CURRENT LIABILITIES	$25.6B
TOTAL LIABILITIES	$60.7B
Common Stock	$12.6B
Additional Paid-In Capital	$0
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$673M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.8B
Minority Interest	$2M
TOTAL EQUITY	$14.8B
TOTAL LIABILITIES & EQUITY	$75.5B
Total Debt	$6.0B
Net Debt	-$5.4B