SANTANDER CONSUMER USA HOLDINGS INC. SC Income Statement

Santander consumer usa holdings inc. (SC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Interest on finance receivables and loans
5,049	4,842	4,845	5,026	5,031	4,493	3,703	2,935
Leased vehicle income
2,764	2,257	1,788	1,487	1,037	651	122	0
Other finance and interest income
42	33	19	15	18	8	6	12
Total finance and other interest income
7,856	7,133	6,653	6,529	6,087	5,153	3,832	2,948
Interest expense — Including $62,770 and $44,873 to affiliates, respectively
1,331	1,111	947	807	628	523	408	374
Leased vehicle expense
1,862	1,535	1,298	995	726	476	89	0
Net finance and other interest income
4,662	4,486	4,407	4,726	4,732	4,153	3,334	2,574
Credit loss expense
2,093	2,205	2,363	2,468	2,785	2,521	1,713	1,122
Net finance and other interest income after credit loss expense
2,568	2,280	2,043	2,258	1,946	1,632	1,620	1,452
Profit sharing
52	33	29	47	57	74	78	0
Net finance and other interest income after credit loss expense and profit sharing
2,516	2,247	2,014	2,210	1,889	1,557	1,541	1,452
Investment losses, net — Including $3 and $0 from affiliates, respectively
-406	-401	-366	-444	-95	113	41	0
Servicing fee income — Including $12,552 and $12,995 from affiliates, respectively
91	106	118	156	131	72	25	34
Fees, commissions, and other — Including $3,306 and $6,781 from affiliates, respectively
364	333	349	382	385	374	245	261
Total other income
48	38	101	93	421	559	312	295
Compensation expense
510	482	581	498	434	482	305	225
Repossession expense
262	264	275	293	241	201	147	136
Other operating costs — Including $1,097 and $933 to affiliates, respectively
437	346	454	351	345	312	253	197
Total operating expenses
1,210	1,093	1,311	1,143	1,021	996	706	559
Income (loss) before income taxes
1,354	1,192	804	1,160	1,289	1,121	1,148	1,188
Income tax expense
359	276	-368	394	465	395	427	453
Net income
-	-	-	-	-	-	721	734
Noncontrolling interests
-	-	-	-	-	-	1	19
Net income (loss)
994	915	1,172	766	824	725	722	715
Other comprehensive income (loss):
Change in unrealized gains (losses) on cash flow hedges, net of tax of $(12,543), and $(6,794), respectively
-60	-16	16	26	-1	6	9	7
Unrealized gains (losses) on available-for-sale debt securities net of tax of $661 and $(149), respectively
0	0	0	-	-	-	-3	-4
Comprehensive loss attributable to noncontrolling interests
-	-	-	-	-	-	0	22
Comprehensive income (loss)
934	899	1,188	792	822	731	728	715
Other comprehensive income (loss), net
-	-	-	-	-	-	6	2
Comprehensive income
-	-	-	-	-	-	727	737
Net income per common share (basic) (in dollars per share)
2.87	2.55	3.26	2.14	2.32	2.08	2.09	2.07
Net income per common share (diluted) (in dollars per share)
2.86	2.54	3.26	2.13	2.31	2.04	2.09	2.07
Dividend declared per common share (in dollars per share)
0.84	0.50	0.03	-	0.00	0.15	0.84	-
Weighted average common shares (basic) (in shares)
346	359	359	358	355	348	346	346
Weighted average common shares (diluted) (in shares)
347	360	360	359	356	355	346	346