Santander Holdings USA Inc (SOV) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,6577,8026,52010,0374,9923,069
Cash and cash equivalents7,6447,7916,52010,0364,9922,235
Short-term investments131102 834
Disposal group, including discontinued operation     260
Total current assets:7,6577,8026,52010,0374,9923,329
Noncurrent Assets
Operating lease, right-of-use asset656
Property, plant and equipment798806849996942855
Long-term investments and receivables2722051942602721,443
Long-term investments2722051942602721,443
Intangible assets, net (including goodwill)4,8614,9204,9805,0525,0839,627
Goodwill4,4444,4444,4444,4554,4448,892
Intangible assets, net (excluding goodwill)416475536597639735
Regulated entity, other noncurrent assets    59 
Deferred income tax assets504
Total noncurrent assets:7,0915,9306,0246,3096,35611,926
Other undisclosed assets134,752121,902115,750121,024116,223103,203
TOTAL ASSETS:149,499135,634128,294137,371127,571118,457
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt1,521     
Deferred income tax liabilities1,521
Total noncurrent liabilities:1,521     
Other undisclosed liabilities123,580111,787104,588114,992107,99095,953
Total liabilities:125,101111,787104,588114,992107,99095,953
Commitments and contingencies   31,11133,33930,839
Temporary equity, carrying amount   (31,111)(33,339)(30,839)
Stockholders' equity
Stockholders' equity attributable to parent22,02121,32121,18319,62217,13718,543
Preferred stock  195195195195
Common stock17,95417,85917,72316,59914,73014,730
Accumulated other comprehensive loss(88)(322)(198)(193)(140)(96)
Retained earnings4,1553,7833,4633,0202,3513,715
Stockholders' equity attributable to noncontrolling interest2,3772,5262,5232,7572,4453,961
Total stockholders' equity:24,39923,84723,70622,37919,58222,504
TOTAL LIABILITIES AND EQUITY:149,499135,634128,294137,371127,571118,457

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,27810,05310,06410,0717,4118,840
Revenue, net2,0181,839 997
Operating leases, income statement, lease revenue2,376
Net investment income8,2737,6847,3747,6697,4116,743
Cost of revenue(2,292)(2,340)(2,650)(2,980)(4,013)(2,845)
Provision for loan, lease, and other losses(2,292)(2,340)
Financial services costs(2,650)(2,980)(4,013)(2,845)
Gross profit:5,9867,7137,4147,0923,3985,995
Operating expenses(6,366)(5,832)(5,570)(5,192) (3,961)
Other operating income (expense), net302307(22)(132) 192
Noninterest income, other operating income 2,558   540
Other expenses   (264) (348)
Operating income (loss):(78)2,1881,8221,7673,3982,226
Nonoperating income (expense)199262(222)58 92
Investment income, nonoperating     27
Gain on sale of leased assets, net, operating leases136203   5
Bank owned life insurance income6359 58 60
Other nonoperating expense  (34)   
Interest and debt expense(2,207)(1,724)(1,452)(1,539)(1,204)(1,182)
Income (loss) from continuing operations before equity method investments, income taxes:(2,086)7261482862,1941,136
Income (loss) from equity method investments   (11) 8
Other undisclosed income (loss) from continuing operations before income taxes3,600691673680(6,003)2,978
Income (loss) from continuing operations before income taxes:1,5141,417820954(3,809)4,121
Income tax expense (benefit)(472)(426)152(314)675(1,413)
Net income (loss):1,042991973641(3,134)2,708
Net income (loss) attributable to noncontrolling interest(289)(284)(412)(278)1,654(373)
Net income (loss) available to common stockholders, diluted:753707561363(1,480)2,335

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1,042991973641(3,134)2,708
Other comprehensive income (loss)233(84)(5)(23)(43)158
Comprehensive income (loss):1,275907968618(3,177)2,866
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(289)(284)(412)(278)1,654(373)
Comprehensive income (loss), net of tax, attributable to parent:987623556340(1,524)2,493

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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