BSBR FY 2021 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

FY 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$15.2B	—	$10.3B	—	48.1%
Op. Income	$5.0B	—	$1.9B	—	156.1%
Gross Margin	61.7%	—	60.7%	—	1.0pp
Net Margin	20.6%	—	26.4%	—	-5.8pp
EPS (Diluted)	$0.42	—	$0.36	—	15.6%
Free Cash Flow	$895M	—	$8.1B	—	-89.0%

Revenue Flow

Item	Amount
REVENUE	$15.2B
Cost of Revenue	$5.8B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$125M
General & Administrative	$3.0B
SG&A Expenses	$3.2B
Other Expenses	$1.2B
Operating Expenses	$4.4B
Cost & Expenses	$10.2B
OPERATING INCOME	$5.0B
Interest Income	$15.7B
Interest Expense	$5.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.0B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$490M
EBIT	$5.0B
EBITDA	$5.5B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$15.2B
Cost of Revenue	$5.8B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$125M
General & Administrative	$3.0B
SG&A Expenses	$3.2B
Other Expenses	$1.2B
Operating Expenses	$4.4B
Cost & Expenses	$10.2B
OPERATING INCOME	$5.0B
Interest Income	$15.7B
Interest Expense	$5.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$5.0B
Income Tax Expense	$1.9B
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$490M
EBIT	$5.0B
EBITDA	$5.5B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$490M
Stock-Based Compensation	$0
Deferred Income Tax	$412M
Other Non-Cash Items	-$4.6B
Change in Working Capital	$2.0B
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$477M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$151M
NET CASH FROM INVESTING	-$388M
Net Debt Issuance	$2.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$2.0B
Other Financing Activities	-$180M
NET CASH FROM FINANCING	-$133M
FREE CASH FLOW	$895M
Net Change in Cash	$851M

Balance Sheet

Item	Amount
Cash & Equivalents	$20.5B
Short-Term Investments	$20.4B
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$42.9B
PP&E (Net)	$1.8B
Goodwill	$5.6B
Intangible Assets	$578M
Long-Term Investments	$114.9B
Tax Assets	$7.6B
Other Non-Current Assets	$14.3B
TOTAL NON-CURRENT ASSETS	$144.8B
TOTAL ASSETS	$187.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$98.6B
TOTAL CURRENT LIABILITIES	$99.1B
Long-Term Debt	$19.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$448M
Other Non-Current Liabilities	$46.8B
TOTAL NON-CURRENT LIABILITIES	$67.2B
TOTAL LIABILITIES	$166.3B
Common Stock	$11.1B
Additional Paid-In Capital	$0
Retained Earnings	$11.0B
Treasury Stock	-$144M
Accum. Other Comp. Income	-$611M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.3B
Minority Interest	$67M
TOTAL EQUITY	$21.4B
TOTAL LIABILITIES & EQUITY	$187.6B
Total Debt	$19.9B
Net Debt	-$583M