Balance Sheet Banco Santander, S.A.

Equities

SAN

ES0113900J37

Banks

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Published financial data: BANCO SANTANDER, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	48.55B	40.36B	40.47B	59.21B	77.7B
Interest Income On Investments	8.77B	5.77B	6.5B	12.7B	28.12B
Interest Income, Total	57.32B	46.13B	46.98B	71.92B	106B
Interest On Deposits	21.5B	13.75B	13.09B	32.81B	61.99B
Interest Expense, Total	21.5B	13.75B	13.09B	32.81B	61.99B
Net Interest Income	35.82B	32.38B	33.88B	39.11B	43.83B
Income From Trading Activities	1.35B	3.21B	1.14B	842M	2.32B
Gain (Loss) on Sale of Loans	308M	-31M	89M	34M	-3M
Gain (Loss) on Sale of Assets	1.06B	-57M	10M	19M	293M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	822M	1.05B	922M	1.24B	166M
Income (Loss) on Equity Invest. (Income Block)	324M	-96M	432M	702M	613M
Total Other Non Interest Income	10.6B	7.76B	9.92B	10.19B	10.45B
Non Interest Income, Total	14.46B	11.84B	12.51B	13.02B	13.84B
Revenues Before Provison For Loan Losses	50.28B	44.22B	46.4B	52.13B	57.67B
Provision For Loan Losses	9.34B	12.38B	7.39B	10.86B	12.91B
Total Revenues	40.94B	31.84B	39.01B	41.27B	44.76B
Salaries And Other Employee Benefits	12.14B	10.78B	11.22B	12.55B	13.73B
Amort. of Goodwill & Intang. Assets	-	2.81B	-	-	-
Occupancy Expense	3B	-	2.76B	2.98B	3.18B
Selling General & Admin Expenses, Total	7.62B	7B	6.88B	7.81B	7.94B
Total Other Non Interest Expense	4.03B	2.91B	2.85B	2.46B	3.28B
Non Interest Expense, Total	26.78B	23.51B	23.71B	25.81B	28.13B
EBT, Excl. Unusual Items	14.15B	8.33B	15.3B	15.46B	16.63B
Restructuring Charges	-	-	-530M	-	-
Impairment of Goodwill	-1.49B	-10.1B	-6M	-	-20M
Asset Writedown	-118M	-316M	-215M	-215M	-189M
Other Unusual Items	-	8M	-	-	39M
EBT, Incl. Unusual Items	12.54B	-2.08B	14.55B	15.25B	16.46B
Income Tax Expense	4.43B	5.63B	4.89B	4.49B	4.28B
Earnings From Continuing Operations	8.12B	-7.71B	9.65B	10.76B	12.18B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	8.12B	-7.71B	9.65B	10.76B	12.18B
Minority Interest	-1.6B	-1.06B	-1.53B	-1.16B	-1.11B
Net Income - (IS)	6.52B	-8.77B	8.12B	9.6B	11.08B
Preferred Dividend and Other Adjustments	595M	552M	566M	529M	492M
Net Income to Common Incl Extra Items	5.92B	-9.32B	7.56B	9.08B	10.58B
Net Income to Common Excl. Extra Items	5.92B	-9.32B	7.56B	9.08B	10.58B
Per Share Items
Net EPS - Basic	0.35	-0.54	0.44	0.54	0.65
Basic EPS - Continuing Operations	0.35	-0.54	0.44	0.54	0.65
Basic Weighted Average Shares Outstanding	17.06B	17.32B	17.27B	16.85B	16.17B
Net EPS - Diluted	0.35	-0.54	0.44	0.54	0.65
Diluted EPS - Continuing Operations	0.35	-0.54	0.44	0.54	0.65
Diluted Weighted Average Shares Outstanding	17.1B	17.32B	17.32B	16.9B	16.25B
Normalized Basic EPS	0.42	0.24	0.47	0.5	0.57
Normalized Diluted EPS	0.42	0.24	0.46	0.5	0.57
Dividend Per Share	0.1	0.13	0.1	0.12	0.18
Payout Ratio	57.91	-	16.16	19.24	20.41
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	35.29	-271.29	33.64	29.42	25.98
Total Current Taxes	3.96B	4.21B	3.8B	4.27B	5.57B
Total Deferred Taxes	465M	1.42B	1.1B	214M	-1.29B
Normalized Net Income	7.24B	4.14B	8.03B	8.51B	9.29B
Non-Cash Pension Expense	828M	488M	126M	128M	291M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	101B	154B	211B	223B	220B
Investment Securities, Total	168B	153B	185B	206B	240B
Trading Asset Securities, Total	180B	180B	136B	167B	188B
Total investments	348B	333B	320B	373B	428B
Gross Loans	988B	956B	1T	1,065B	1,074B
Allowance For Loan Losses	-22.24B	-23.6B	-22.96B	-22.68B	-22.79B
Net Loans	966B	932B	977B	1,042B	1,052B
Gross Property Plant And Equipment	51.45B	48.9B	49.6B	51.51B	51.34B
Accumulated Depreciation	-17.18B	-17.13B	-17.25B	-18.47B	-18.42B
Net Property Plant And Equipment	34.26B	31.77B	32.34B	33.04B	32.93B
Goodwill	24.25B	12.47B	12.71B	13.74B	14.02B
Other Intangibles, Total	3.44B	3.44B	3.87B	4.9B	5.85B
Investment in Real Estate	973M	963M	979M	1.03B	956M
Other Receivables	6.83B	8.15B	5.76B	9.2B	10.62B
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	3.25B	369M	3.05B	3.37B	3.16B
Deferred Tax Assets Long-Term (Collected)	22.76B	19.25B	19.44B	20.79B	20.77B
Other Real Estate Owned And Foreclosed	4.48B	4.08B	3.65B	3.1B	2.77B
Other Long-Term Assets, Total	7.3B	8.52B	6.26B	7.38B	6.18B
Total Assets	1,523B	1,508B	1,596B	1,735B	1,797B
Liabilities
Accounts Payable, Total	1.28B	1.18B	1.48B	1.56B	1.78B
Accrued Expenses, Total	7.69B	6.33B	9.1B	10.53B	11.85B
Interest Bearing Deposits	392B	402B	394B	444B	463B
Non-Interest Bearing Deposits	607B	632B	711B	718B	697B
Total Deposits	1T	1,034B	1,106B	1,162B	1,160B
Short-Term Borrowings	69.74B	71.85B	59.55B	74.26B	58.57B
Current Portion of Long-Term Debt	86.83B	64.56B	61.91B	81.85B	93.44B
Current Portion of Leases	766M	594M	690M	707M	586M
Long-Term Debt	175B	171B	184B	198B	215B
Long-Term Leases	4.34B	2.46B	2.17B	1.92B	1.81B
Current Income Taxes Payable	2.8B	2.35B	2.19B	3.04B	3.85B
Other Current Liabilities - (Bank / Utility Template)	19.07B	21.92B	32.41B	57.75B	78.7B
Unearned Revenue Non Current	59M	51M	56M	65M	-
Pension & Other Post Retirement Benefits	7.74B	5.73B	4.43B	3.34B	3.1B
Deferred Tax Liability Non-Current	6.52B	5.93B	6.46B	6.43B	6.09B
Other Non Current Liabilities	30.52B	29.29B	28.22B	34.72B	57.59B
Total Liabilities	1,412B	1,417B	1,499B	1,637B	1,693B
Common Stock, Total	8.31B	8.67B	8.67B	8.4B	8.09B
Additional Paid In Capital	52.45B	52.01B	47.98B	46.27B	44.37B
Retained Earnings	59.47B	51.71B	61.51B	68.32B	76.38B
Treasury Stock	-31M	-69M	-894M	-675M	-1.08B
Comprehensive Income and Other	-20.12B	-30.85B	-30.34B	-33.21B	-32.34B
Total Common Equity	100B	81.48B	86.93B	89.1B	95.42B
Minority Interest	10.59B	9.85B	10.12B	8.48B	8.82B
Total Equity	111B	91.32B	97.05B	97.58B	104B
Total Liabilities And Equity	1,523B	1,508B	1,596B	1,735B	1,797B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	17.33B	17.31B	17.06B	16.55B	15.89B
ECS Total Common Shares Outstanding	17.33B	17.31B	17.06B	16.55B	15.89B
Book Value / Share	5.77	4.71	5.09	5.38	6.01
Tangible Book Value	72.38B	65.57B	70.35B	70.46B	75.55B
Tangible Book Value Per Share	4.18	3.79	4.12	4.26	4.76
Tangible Book Value Per Share (As Reported)	4.18	3.79	4.12	4.26	4.76
Average Assets	1,508B	1,538B	1,564B	1,720B	1,773B
Average Loans	910B	931B	943B	1,031B	1,037B
Total Debt	337B	310B	309B	357B	370B
Deposits at Interest - Cash	92.3B	146B	203B	214B	212B
Debt Equivalent of Unfunded Proj. Benefit Obligation	6.7B	4.72B	1.86B	1.2B	1.51B
Net Debt	55.29B	-23.93B	-70.95B	-72.23B	-83.08B
Equity Method Investments, Total	8.77B	7.62B	7.52B	7.62B	7.65B
Full Time Employees	183K	180K	177K	185K	200K
Part Time Employees	9.26K	8.87K	11.28K	11.12K	7.13K
Number Of Offices	11.95K	11.24K	9.88K	9.02K	8.52K
Assets on Operating Lease - Gross	24.43B	24.14B	24.32B	25.13B	25.3B
Assets on Operating Lease - Accumulated Depreciation	-5.21B	-5.58B	-5.24B	-5.58B	-5.78B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	6.52B	-8.77B	8.12B	9.6B	11.08B
Depreciation, Depletion & Amortization	2.04B	1.91B	1.74B	1.83B	1.76B
Amortization of Goodwill and Intangible Assets - (CF)	92M	104M	91M	127M	135M
Total Depreciation, Depletion & Amortization	2.13B	2.02B	1.83B	1.96B	1.89B
Amortization of Deferred Charges, Total	874M	792M	922M	1.02B	1.29B
Change in Trading Asset Securities	-21.61B	-8.62B	39.83B	-1.4B	-14.74B
Change in Other Net Operating Assets (Collected)	-4.52B	47.6B	-10.15B	-134M	-14.17B
Other Operating Activities	20B	33.14B	16.12B	16.65B	19.66B
Cash from Operations	3.39B	66.15B	56.69B	27.71B	5.02B
Capital Expenditure	-12.77B	-7.39B	-10.02B	-9.07B	-11.45B
Sale of Property, Plant, and Equipment	6.16B	2.8B	7.28B	6.61B	7.99B
Cash Acquisitions	-83M	-2.93B	-140M	-784M	-1.27B
Divestitures	218M	1.78B	6M	734M	885M
Purchase / Sale of Intangible Assets	-1.38B	-1.13B	-1.39B	-1.77B	-2.2B
Investment in Marketable and Equity Securities, Total	623M	-343M	546M	381M	675M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-7.23B	-7.22B	-3.72B	-3.9B	-5.37B
Long-Term Debt Issued, Total	1.09B	4.1B	5.34B	119M	7.01B
Total Debt Issued	1.09B	4.1B	5.34B	119M	7.01B
Long-Term Debt Repaid, Total	-5.12B	-3.78B	-2.68B	-2.29B	-2.93B
Total Debt Repaid	-5.12B	-3.78B	-2.68B	-2.29B	-2.93B
Issuance of Common Stock	947M	721M	854M	573M	825M
Repurchase of Common Stock	-928M	-758M	-1.64B	-2.05B	-3.11B
Common Dividends Paid	-3.77B	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-1.31B	-1.85B	-2.26B
Common & Preferred Stock Dividends Paid	-3.77B	-	-1.31B	-1.85B	-2.26B
Other Financing Activities, Total	-2.34B	-2.19B	-1.87B	-4.47B	-1.59B
Cash from Financing	-10.12B	-1.91B	-1.32B	-9.96B	-2.06B
Foreign Exchange Rate Adjustments	1.37B	-4.25B	5.2B	-1.46B	-322M
Net Change in Cash	-12.6B	52.77B	56.85B	12.38B	-2.73B
Supplemental Items
Cash Income Tax Paid (Refund)	2.59B	2.95B	4.01B	5.5B	5.21B
Net Debt Issued / Repaid	-4.03B	315M	2.66B	-2.17B	4.08B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.54	-0.51	0.62	0.65	0.69
Return On Equity %	7.45	-7.63	10.25	11.06	12.07
Return on Common Equity	6.02	-10.27	8.98	10.31	11.47
Shareholders Value Added	-5.19B	-19.56B	-1.56B	-830M	139M
Margin Analysis
SG&A Margin	55.59	55.86	53.47	56.56	55.53
Net Interest Income / Total Revenues %	87.49	101.71	86.86	94.75	97.93
EBT Excl. Non-Recurring Items Margin %	34.57	26.17	39.22	37.47	37.15
Income From Continuing Operations Margin %	19.83	-24.21	24.75	26.08	27.22
Net Income Margin %	15.92	-27.55	20.83	23.27	24.75
Net Avail. For Common Margin %	14.46	-29.28	19.38	21.99	23.65
Normalized Net Income Margin	17.7	13.02	20.59	20.61	20.75
Asset quality
Nonperforming Loans / Total Loans %	3.42	3.32	3.32	3.26	3.32
Nonperforming Loans / Total Assets %	2.22	2.11	2.08	2	1.98
Nonperforming Assets / Total Assets %	2.51	2.38	2.31	2.18	2.14
NPAs / Loans and OREO	3.86	3.73	3.68	3.54	3.56
NPAs / Equity	34.6	39.25	38	38.71	36.83
Allowance for Credit Losses / Net Charge-offs %	202.07	306.07	298	210.5	185.95
Allowance for Credit Losses / Nonperforming Loans %	65.81	74.28	69.1	65.42	63.98
Allowance for Credit Losses / Total Loans %	2.25	2.47	2.3	2.13	2.12
Net Charge-offs / Total Average Loans %	1.21	0.83	0.82	1.04	1.18
Provision for Loan Losses / Net Charge-offs %	84.86	160.62	95.87	100.74	105.36
Earning Assets / IBL	104.16	103.44	104.11	104.26	104.91
Interest Income / Average Assets	3.8	3	3	4.18	5.97
Interest Expense / Average Assets	1.43	0.89	0.84	1.91	3.5
Net Interest Income / Average Assets	2.37	2.11	2.17	2.27	2.47
Non Interest Income / Average Assets	0.96	0.77	0.8	0.76	0.78
Non Interest Expense / Average Asset	1.78	1.53	1.52	1.5	1.59
Capital And Funding
Total Average Common Equity / Total Average Assets %