BSBR Q1 2023 Earnings Report — Banco Santander (Brasil) S.A. Revenue & Financial Results | Market Cap Arena

Banco Santander (Brasil) S.A.BSBR

Q1 2023 Earnings

Reported March 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2023	Q4 2022	Q1 2022	QoQ Change	YoY Change
Revenue	$5.8B	—	$5.0B	—	16.9%
Op. Income	$548M	—	$1.2B	—	-55.1%
Gross Margin	28.7%	—	45.1%	—	-16.4pp
Net Margin	10.5%	—	15.4%	—	-4.9pp
EPS (Diluted)	$0.08	—	$0.10	—	-19.6%
Free Cash Flow	$74M	—	$2.2B	—	-96.6%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$4.2B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$33M
General & Administrative	$880M
SG&A Expenses	$913M
Other Expenses	$212M
Operating Expenses	$1.1B
Cost & Expenses	$5.3B
OPERATING INCOME	$548M
Interest Income	$6.5B
Interest Expense	$3.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$548M
Income Tax Expense	-$65M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$612M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$612M
D&A	$139M
EBIT	$548M
EBITDA	$687M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$4.2B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$33M
General & Administrative	$880M
SG&A Expenses	$913M
Other Expenses	$212M
Operating Expenses	$1.1B
Cost & Expenses	$5.3B
OPERATING INCOME	$548M
Interest Income	$6.5B
Interest Expense	$3.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$548M
Income Tax Expense	-$65M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$612M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$612M
D&A	$139M
EBIT	$548M
EBITDA	$687M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$614M
Depreciation & Amortization	$139M
Stock-Based Compensation	$0
Deferred Income Tax	-$490M
Other Non-Cash Items	$8.9B
Change in Working Capital	-$8.9B
OPERATING CASH FLOW	$255M
Capital Expenditure	-$181M
Acquisitions (Net)	-$82.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$118M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$298M
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	$74M
Net Change in Cash	$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$1.6B
Goodwill	$5.6B
Intangible Assets	$754M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$194.5B
TOTAL NON-CURRENT ASSETS	$202.5B
TOTAL ASSETS	$206.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$29.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$29.6B
TOTAL NON-CURRENT LIABILITIES	$29.6B
TOTAL LIABILITIES	$29.6B
Common Stock	$11.1B
Additional Paid-In Capital	$0
Retained Earnings	$270M
Treasury Stock	$0
Accum. Other Comp. Income	$11.4B
Other Equity	-$217M
TOTAL STOCKHOLDERS' EQUITY	$22.6B
Minority Interest	$101M
TOTAL EQUITY	$22.7B
TOTAL LIABILITIES & EQUITY	$52.3B
Total Debt	$29.6B
Net Debt	$25.6B