Santander Holdings USA Inc (SOV) financial statements (2023 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)

12/31/2021
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 investments19,35112,6367,6577,8026,52010,0375,025
Cash and cash equivalents19,30612,6217,6447,7916,52010,0365,025
Short-term investments4514131102 
Total current assets:19,35112,6367,6577,8026,52010,0375,025
Noncurrent Assets
Operating lease, right-of-use asset531540656
Property, plant and equipment856787798806849996942
Long-term investments and receivables260273272205194260272
Long-term investments260273272205194260272
Intangible assets, net (including goodwill)2,9352,9544,8614,9204,9805,0525,104
Goodwill2,5962,5964,4444,4444,4444,4554,444
Intangible assets, net (excluding goodwill)339358416475536597659
Regulated entity, other noncurrent assets      59
Deferred income tax assets8811504
Total noncurrent assets:4,6714,5657,0915,9306,0246,3096,377
Other undisclosed assets135,800132,232134,752121,902115,750121,024116,231
TOTAL ASSETS:159,821149,433149,499135,634128,294137,371127,633
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5,259      
Total current liabilities:5,259      
Noncurrent Liabilities
Liabilities, other than long-term debt7711821,521    
Deferred income tax liabilities7711821,521
Total noncurrent liabilities:7711821,521    
Other undisclosed liabilities129,324127,988123,580111,787104,588114,992108,064
Total liabilities:135,354128,170125,101111,787104,588114,992108,064
Commitments and contingencies     31,11133,339
Temporary equity, carrying amount     (31,111)(33,339)
Stockholders' equity
Stockholders' equity attributable to parent22,51419,88722,02121,32121,18319,62217,141
Preferred stock    195195195
Common stock17,87617,87717,95417,85917,72316,59914,718
Accumulated other comprehensive income (loss)(188)166(88)(322)(198)(193)(140)
Retained earnings4,8261,8444,1553,7833,4633,0202,368
Stockholders' equity attributable to noncontrolling interest1,9531,3762,3772,5262,5232,7572,428
Total stockholders' equity:24,46721,26324,39923,84723,70622,37919,569
TOTAL LIABILITIES AND EQUITY:159,821149,433149,499135,634128,294137,371127,633

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,0877,7428,27810,05310,06410,0717,595
Revenue, net2,0181,839 
Operating leases, income statement, lease revenue2,376
Net investment income7,0737,7108,2737,6847,3747,6697,595
Cost of revenue (2,824)(2,292)(2,340)(2,650)(2,980)(4,116)
Provision for loan, lease, and other losses (2,824)(2,292)(2,340)
Financial services costs(2,650)(2,980)(4,116)
Gross profit:7,0874,9185,9867,7137,4147,0923,479
Operating expenses(6,144)(8,208)(6,366)(5,832)(5,570)(5,192) 
Other operating income (expense), net851410302307(22)(132) 
Noninterest income, other operating income   2,558   
Other expenses     (264) 
Operating income (loss):1,794(2,881)(78)2,1881,8221,7673,479
Nonoperating income (expense)504302199262(222)58 
Gain on sale of leased assets, net, operating leases444243136203   
Bank owned life insurance income60596359 58 
Other nonoperating expense    (34)  
Interest and debt expense(1,103)(1,661)(2,207)(1,724)(1,452)(1,539)(1,204)
Income (loss) from continuing operations before equity method investments, income taxes:1,194(4,240)(2,086)7261482862,275
Loss from equity method investments     (11) 
Other undisclosed income (loss) from continuing operations before income taxes3,5113,4733,600691673680(6,022)
Income (loss) from continuing operations before income taxes:4,705(767)1,5141,417820954(3,747)
Income tax expense (benefit)(1,084)111(472)(426)152(314)671
Net income (loss):3,621(656)1,042991973641(3,075)
Net income (loss) attributable to noncontrolling interest(639)(184)(289)(284)(412)(278)1,621
Net income (loss) available to common stockholders, diluted:2,982(840)753707561363(1,455)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):3,621(656)1,042991973641(3,075)
Other comprehensive income (loss)(354)255233(84)(5)(23)(43)
Comprehensive income (loss):3,267(402)1,275907968618(3,118)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(639)(184)(289)(284)(412)(278)1,621
Comprehensive income (loss), net of tax, attributable to parent:2,628(586)987623556340(1,498)

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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