BSBR FY 2011 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

FY 2011 Earnings

Reported December 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$10.1B	—	$8.4B	—	20.2%
Op. Income	$1.8B	—	$2.0B	—	-12.2%
Gross Margin	46.6%	—	55.2%	—	-8.6pp
Net Margin	15.4%	—	17.6%	—	-2.2pp
EPS (Diluted)	$0.21	—	$0.20	—	3.0%
Free Cash Flow	-$2.8B	—	-$2.6B	—	-7.0%

Revenue Flow

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$5.4B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$99M
General & Administrative	$2.2B
SG&A Expenses	$2.3B
Other Expenses	$610M
Operating Expenses	$3.0B
Cost & Expenses	$8.4B
OPERATING INCOME	$1.8B
Interest Income	$10.4B
Interest Expense	$4.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$222M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$15M
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$202M
EBIT	$1.8B
EBITDA	$2.0B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$5.4B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$99M
General & Administrative	$2.2B
SG&A Expenses	$2.3B
Other Expenses	$610M
Operating Expenses	$3.0B
Cost & Expenses	$8.4B
OPERATING INCOME	$1.8B
Interest Income	$10.4B
Interest Expense	$4.8B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$222M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$15M
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$202M
EBIT	$1.8B
EBITDA	$2.0B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$202M
Stock-Based Compensation	$0
Deferred Income Tax	-$320M
Other Non-Cash Items	$2.0B
Change in Working Capital	-$5.8B
OPERATING CASH FLOW	-$2.4B
Capital Expenditure	-$386M
Acquisitions (Net)	$552M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	-$164M
NET CASH FROM INVESTING	$171M
Net Debt Issuance	$0
Common Stock Repurchased	-$23M
Common Dividends Paid	-$791M
Other Financing Activities	$2.9B
NET CASH FROM FINANCING	$2.1B
FREE CASH FLOW	-$2.8B
Net Change in Cash	-$66M

Balance Sheet

Item	Amount
Cash & Equivalents	$13.3B
Short-Term Investments	$9.0B
Net Receivables	$613M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$23.0B
PP&E (Net)	$1.0B
Goodwill	$5.5B
Intangible Assets	$850M
Long-Term Investments	$41.1B
Tax Assets	$3.0B
Other Non-Current Assets	$6.2B
TOTAL NON-CURRENT ASSETS	$57.7B
TOTAL ASSETS	$80.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$36.2B
TOTAL CURRENT LIABILITIES	$36.6B
Long-Term Debt	$10.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$755M
Other Non-Current Liabilities	$17.9B
TOTAL NON-CURRENT LIABILITIES	$28.7B
TOTAL LIABILITIES	$65.2B
Common Stock	$12.6B
Additional Paid-In Capital	$0
Retained Earnings	$1.6B
Treasury Stock	-$23M
Accum. Other Comp. Income	$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.5B
Minority Interest	$4M
TOTAL EQUITY	$15.5B
TOTAL LIABILITIES & EQUITY	$80.7B
Total Debt	$10.0B
Net Debt	-$3.3B