BSBR Q1 2022 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

Q1 2022 Earnings

Reported March 31, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2022	Q4 2021	Q1 2021	QoQ Change	YoY Change
Revenue	$5.0B	$4.6B	$3.1B	7.9%	62.0%
Op. Income	$1.2B	$1.0B	$1.1B	17.4%	15.8%
Gross Margin	45.1%	52.1%	67.3%	-7.0pp	-22.2pp
Net Margin	15.4%	15.8%	26.5%	-0.4pp	-11.2pp
EPS (Diluted)	$0.10	$0.10	$0.11	6.3%	-5.6%
Free Cash Flow	$2.2B	$1.1B	$3.2B	92.9%	-32.0%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$829M
SG&A Expenses	$852M
Other Expenses	$175M
Operating Expenses	$1.0B
Cost & Expenses	$3.8B
OPERATING INCOME	$1.2B
Interest Income	$5.3B
Interest Expense	$2.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$453M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$766M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$766M
D&A	$122M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$2.7B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$829M
SG&A Expenses	$852M
Other Expenses	$175M
Operating Expenses	$1.0B
Cost & Expenses	$3.8B
OPERATING INCOME	$1.2B
Interest Income	$5.3B
Interest Expense	$2.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$453M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$766M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$766M
D&A	$122M
EBIT	$1.2B
EBITDA	$1.3B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$769M
Depreciation & Amortization	$122M
Stock-Based Compensation	$0
Deferred Income Tax	$116M
Other Non-Cash Items	$6.5B
Change in Working Capital	-$5.3B
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$91M
Acquisitions (Net)	-$74M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$63M
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	-$2.3B
Common Stock Repurchased	-$30M
Common Dividends Paid	-$550M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$2.9B
FREE CASH FLOW	$2.2B
Net Change in Cash	-$678M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$18.0B
Net Receivables	$952M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$22.8B
PP&E (Net)	$1.7B
Goodwill	$5.6B
Intangible Assets	$579M
Long-Term Investments	$52.0B
Tax Assets	$0
Other Non-Current Assets	-$59.9B
TOTAL NON-CURRENT ASSETS	$59.9B
TOTAL ASSETS	$191.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$1.1B
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$21.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$402M
Other Non-Current Liabilities	-$22.2B
TOTAL NON-CURRENT LIABILITIES	$170.1B
TOTAL LIABILITIES	$170.1B
Common Stock	$11.1B
Additional Paid-In Capital	$0
Retained Earnings	$766M
Treasury Stock	-$174M
Accum. Other Comp. Income	$9.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.4B
Minority Interest	$81M
TOTAL EQUITY	$21.4B
TOTAL LIABILITIES & EQUITY	$191.6B
Total Debt	$21.8B
Net Debt	$18.0B