Santander Holdings USA Inc (SOV) financial statements (2021 and earlier)

Company profile

Business Address 75 STATE STREET
BOSTON, MA 02109
State of Incorp. VA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,6367,6577,8026,52010,0374,992
Cash and cash equivalents12,6217,6447,7916,52010,0364,992
Short-term investments14131102 
Total current assets:12,6367,6577,8026,52010,0374,992
Noncurrent Assets
Operating lease, right-of-use asset540656
Property, plant and equipment787798806849996942
Long-term investments and receivables273272205194260272
Long-term investments273272205194260272
Intangible assets, net (including goodwill)2,9544,8614,9204,9805,0525,083
Goodwill2,5964,4444,4444,4444,4554,444
Intangible assets, net (excluding goodwill)358416475536597639
Regulated entity, other noncurrent assets     59
Deferred income tax assets11504
Total noncurrent assets:4,5657,0915,9306,0246,3096,356
Other undisclosed assets132,232134,752121,902115,750121,024116,223
TOTAL ASSETS:149,433149,499135,634128,294137,371127,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt1821,521    
Deferred income tax liabilities1821,521
Total noncurrent liabilities:1821,521    
Other undisclosed liabilities127,988123,580111,787104,588114,992107,990
Total liabilities:128,170125,101111,787104,588114,992107,990
Commitments and contingencies    31,11133,339
Temporary equity, carrying amount    (31,111)(33,339)
Stockholders' equity
Stockholders' equity attributable to parent19,88722,02121,32121,18319,62217,137
Preferred stock   195195195
Common stock17,87717,95417,85917,72316,59914,730
Accumulated other comprehensive income (loss)166(88)(322)(198)(193)(140)
Retained earnings1,8444,1553,7833,4633,0202,351
Stockholders' equity attributable to noncontrolling interest1,3762,3772,5262,5232,7572,445
Total stockholders' equity:21,26324,39923,84723,70622,37919,582
TOTAL LIABILITIES AND EQUITY:149,433149,499135,634128,294137,371127,571

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,7428,27810,05310,06410,0717,411
Revenue, net2,0181,839 
Operating leases, income statement, lease revenue2,376
Net investment income7,7108,2737,6847,3747,6697,411
Cost of revenue(2,824)(2,292)(2,340)(2,650)(2,980)(4,013)
Provision for loan, lease, and other losses(2,824)(2,292)(2,340)
Financial services costs(2,650)(2,980)(4,013)
Gross profit:4,9185,9867,7137,4147,0923,398
Operating expenses(8,208)(6,366)(5,832)(5,570)(5,192) 
Other operating income (expense), net410302307(22)(132) 
Noninterest income, other operating income  2,558   
Other expenses    (264) 
Operating income (loss):(2,881)(78)2,1881,8221,7673,398
Nonoperating income (expense)302199262(222)58 
Gain on sale of leased assets, net, operating leases243136203   
Bank owned life insurance income596359 58 
Other nonoperating expense   (34)  
Interest and debt expense(1,661)(2,207)(1,724)(1,452)(1,539)(1,204)
Income (loss) from continuing operations before equity method investments, income taxes:(4,240)(2,086)7261482862,194
Loss from equity method investments    (11) 
Other undisclosed income (loss) from continuing operations before income taxes3,4733,600691673680(6,003)
Income (loss) from continuing operations before income taxes:(767)1,5141,417820954(3,809)
Income tax expense (benefit)111(472)(426)152(314)675
Net income (loss):(656)1,042991973641(3,134)
Net income (loss) attributable to noncontrolling interest(184)(289)(284)(412)(278)1,654
Net income (loss) available to common stockholders, diluted:(840)753707561363(1,480)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(656)1,042991973641(3,134)
Other comprehensive income (loss)255233(84)(5)(23)(43)
Comprehensive income (loss):(402)1,275907968618(3,177)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(184)(289)(284)(412)(278)1,654
Comprehensive income (loss), net of tax, attributable to parent:(586)987623556340(1,524)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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