BSBR FY 2012 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

FY 2012 Earnings

Reported December 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$8.9B	—	$10.1B	—	-12.4%
Op. Income	$1.1B	—	$1.8B	—	-37.6%
Gross Margin	47.6%	—	46.6%	—	1.0pp
Net Margin	12.4%	—	15.4%	—	-2.9pp
EPS (Diluted)	$0.15	—	$0.21	—	-29.4%
Free Cash Flow	$285M	—	-$2.8B	—	110.3%

Revenue Flow

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$4.7B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$100M
General & Administrative	$2.4B
SG&A Expenses	$2.5B
Other Expenses	$599M
Operating Expenses	$3.1B
Cost & Expenses	$7.8B
OPERATING INCOME	$1.1B
Interest Income	$10.6B
Interest Expense	$4.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$7M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$11M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$6.0K
BOTTOM LINE NET INCOME	$536M
D&A	$242M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$4.7B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$100M
General & Administrative	$2.4B
SG&A Expenses	$2.5B
Other Expenses	$599M
Operating Expenses	$3.1B
Cost & Expenses	$7.8B
OPERATING INCOME	$1.1B
Interest Income	$10.6B
Interest Expense	$4.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$7M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$11M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$6.0K
BOTTOM LINE NET INCOME	$536M
D&A	$242M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$242M
Stock-Based Compensation	$0
Deferred Income Tax	-$561M
Other Non-Cash Items	$3.2B
Change in Working Capital	-$3.3B
OPERATING CASH FLOW	$686M
Capital Expenditure	-$401M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$314M
Net Debt Issuance	$0
Common Stock Repurchased	-$12M
Common Dividends Paid	-$503M
Other Financing Activities	$2.3B
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$285M
Net Change in Cash	$2.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.2B
Short-Term Investments	$8.9B
Net Receivables	$961M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$21.2B
PP&E (Net)	$1.2B
Goodwill	$5.5B
Intangible Assets	$968M
Long-Term Investments	$46.1B
Tax Assets	$3.6B
Other Non-Current Assets	$6.6B
TOTAL NON-CURRENT ASSETS	$64.0B
TOTAL ASSETS	$85.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$39.1B
TOTAL CURRENT LIABILITIES	$39.5B
Long-Term Debt	$13.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$718M
Other Non-Current Liabilities	$15.7B
TOTAL NON-CURRENT LIABILITIES	$29.7B
TOTAL LIABILITIES	$69.2B
Common Stock	$12.6B
Additional Paid-In Capital	$12.6B
Retained Earnings	$1.1B
Treasury Stock	-$34M
Accum. Other Comp. Income	-$10.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.9B
Minority Interest	$48M
TOTAL EQUITY	$15.9B
TOTAL LIABILITIES & EQUITY	$85.1B
Total Debt	$13.3B
Net Debt	$2.1B