BSBR FY 2022 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

FY 2022 Earnings

Reported December 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$22.3B	—	$15.2B	—	47.2%
Op. Income	$3.9B	—	$5.0B	—	-20.9%
Gross Margin	37.8%	—	61.7%	—	-23.9pp
Net Margin	12.9%	—	20.6%	—	-7.7pp
EPS (Diluted)	$0.38	—	$0.42	—	-8.7%
Free Cash Flow	$803M	—	$895M	—	-10.3%

Revenue Flow

Item	Amount
REVENUE	$22.3B
Cost of Revenue	$13.9B
GROSS PROFIT	$8.5B
R&D Expenses	$0
Selling & Marketing	$109M
General & Administrative	$3.3B
SG&A Expenses	$3.4B
Other Expenses	$1.1B
Operating Expenses	$4.5B
Cost & Expenses	$18.4B
OPERATING INCOME	$3.9B
Interest Income	$23.2B
Interest Expense	$13.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$521M
EBIT	$3.9B
EBITDA	$4.5B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$22.3B
Cost of Revenue	$13.9B
GROSS PROFIT	$8.5B
R&D Expenses	$0
Selling & Marketing	$109M
General & Administrative	$3.3B
SG&A Expenses	$3.4B
Other Expenses	$1.1B
Operating Expenses	$4.5B
Cost & Expenses	$18.4B
OPERATING INCOME	$3.9B
Interest Income	$23.2B
Interest Expense	$13.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$521M
EBIT	$3.9B
EBITDA	$4.5B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$2.9B
Depreciation & Amortization	$521M
Stock-Based Compensation	$0
Deferred Income Tax	-$151M
Other Non-Cash Items	$8.6B
Change in Working Capital	-$10.5B
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$577M
Acquisitions (Net)	-$93M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$225M
NET CASH FROM INVESTING	-$545M
Net Debt Issuance	$4.3B
Common Stock Repurchased	-$102M
Common Dividends Paid	-$1.5B
Other Financing Activities	-$156M
NET CASH FROM FINANCING	$2.6B
FREE CASH FLOW	$803M
Net Change in Cash	$3.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$30.1B
Short-Term Investments	$11.2B
Net Receivables	$3.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$44.5B
PP&E (Net)	$1.7B
Goodwill	$5.6B
Intangible Assets	$748M
Long-Term Investments	$121.1B
Tax Assets	$7.8B
Other Non-Current Assets	$17.2B
TOTAL NON-CURRENT ASSETS	$154.0B
TOTAL ASSETS	$198.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$104.9B
TOTAL CURRENT LIABILITIES	$105.8B
Long-Term Debt	$25.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$734M
Other Non-Current Liabilities	$44.2B
TOTAL NON-CURRENT LIABILITIES	$70.5B
TOTAL LIABILITIES	$176.2B
Common Stock	$11.1B
Additional Paid-In Capital	$0
Retained Earnings	$12.2B
Treasury Stock	-$246M
Accum. Other Comp. Income	-$814M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$22.2B
Minority Interest	$100M
TOTAL EQUITY	$22.3B
TOTAL LIABILITIES & EQUITY	$198.5B
Total Debt	$25.5B
Net Debt	-$4.6B