SANTANDER CONSUMER USA HOLDINGS INC. SC Income Statement

Santander consumer usa holdings inc. (SC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Interest on finance receivables and loans
1,273,819	1,262,266	1,273,022	1,261,098	1,253,580	1,235,889	1,227,129	1,211,006	1,168,540	1,185,886	1,218,299	1,232,252	1,209,186	1,222,468	1,246,386	1,271,741	1,286,195	1,270,072	1,285,085	1,283,651	1,193,021	1,125,183	1,141,767	1,122,940	1,103,523	979,771	1,011,492	900,375	811,907
Leased vehicle income
747,979	732,160	706,302	676,236	649,560	632,447	583,097	537,897	504,278	483,028	457,932	429,264	418,233	401,020	388,501	368,358	329,792	295,109	267,211	243,857	231,616	212,260	181,713	148,148	109,469	-	50,099	10,030	-
Other finance and interest income
7,551	10,624	9,926	11,437	10,247	9,082	8,522	8,494	7,137	4,470	6,385	5,205	3,825	3,695	3,638	3,890	3,912	-5,251	9,334	6,738	7,341	4,432	2,512	874	250	140	1,029	2,156	2,685
Total finance and other interest income
2,029,349	2,005,050	1,989,250	1,948,771	1,913,387	1,877,418	1,818,748	1,757,397	1,679,955	1,673,384	1,682,616	1,666,721	1,631,244	1,627,183	1,638,525	1,643,989	1,619,899	1,559,930	1,561,630	1,534,246	1,431,978	1,341,875	1,325,992	1,271,962	1,213,242	1,042,576	1,062,620	912,561	814,592
Interest expense — Including $62,770 and $44,873 to affiliates, respectively
328,834	332,171	335,212	330,039	334,382	311,196	285,583	273,953	241,028	236,600	250,674	233,371	227,089	216,980	207,175	198,594	184,735	157,893	171,420	150,622	148,856	141,308	129,135	128,314	124,446	117,725	120,589	87,476	82,997
Leased vehicle expense
552,912	517,467	456,193	444,442	444,019	427,662	389,076	360,335	358,683	370,537	339,581	298,224	290,171	278,229	252,730	243,140	221,360	208,255	174,545	168,767	174,853	154,944	126,480	113,491	81,335	-	41,485	7,028	-
Net finance and other interest income
1,147,603	1,155,412	1,197,845	1,174,290	1,134,986	1,138,560	1,144,089	1,123,109	1,080,244	1,066,247	1,092,361	1,135,126	1,113,984	1,131,974	1,178,620	1,202,255	1,213,804	1,193,782	1,215,665	1,214,857	1,108,269	1,045,623	1,070,377	1,030,157	1,007,461	883,947	900,546	818,057	731,595
Credit loss expense
907,887	545,345	566,849	430,676	550,879	690,786	597,914	406,544	510,341	637,231	571,012	520,555	635,013	685,711	610,398	511,921	660,170	850,723	723,922	579,379	631,847	691,818	721,741	541,135	566,573	490,101	598,201	408,411	217,193
Net finance and other interest income after credit loss expense
239,716	610,067	630,996	743,614	584,107	447,774	546,175	716,565	569,903	429,016	521,349	614,571	478,971	446,263	568,222	690,334	553,634	343,059	491,743	635,478	476,422	353,805	348,636	489,022	440,888	393,846	302,345	409,646	514,402
Profit sharing
14,295	14,293	18,125	13,345	6,968	14,255	1,652	12,853	4,377	7,235	5,945	8,443	7,945	12,176	6,400	17,846	11,394	10,649	11,818	21,501	13,516	8,152	10,556	24,056	32,161	-	27,238	7,564	-
Net finance and other interest income after credit loss expense and profit sharing
225,421	595,774	612,871	730,269	577,139	433,519	544,523	703,712	565,526	421,781	515,404	606,128	471,026	434,087	561,822	672,488	542,240	332,410	479,925	613,977	462,906	345,653	338,080	464,966	408,727	350,402	275,107	402,082	514,402
Investment losses, net — Including $3 and $0 from affiliates, respectively
-63,426	-168,406	-86,397	-84,787	-67,097	-146,164	-86,320	-82,634	-86,520	-137,926	-52,592	-99,522	-76,399	-168,344	-106,050	-101,309	-69,056	-229,212	22,684	89,721	21,593	25,669	31,162	21,564	34,752	-	7,678	1,272	-
Servicing fee income — Including $12,552 and $12,995 from affiliates, respectively
19,103	21,079	21,447	25,002	23,806	26,711	26,409	27,538	26,182	26,031	28,673	31,953	31,684	32,205	36,447	42,988	44,494	42,357	35,910	28,043	24,803	19,576	20,547	22,099	10,405	4,454	7,384	6,355	7,271
Fees, commissions, and other — Including $3,306 and $6,781 from affiliates, respectively
95,130	83,304	96,243	90,196	94,376	86,035	84,552	77,480	85,391	74,179	82,866	91,964	100,195	88,143	96,285	95,623	102,120	89,268	95,742	96,936	103,798	95,470	91,133	98,221	89,304	66,495	63,278	46,782	68,858
Total other income
50,807	-64,023	31,293	30,411	51,085	-33,418	24,641	22,384	25,053	-37,716	58,947	24,395	55,480	-47,996	26,682	37,302	77,558	-97,587	154,336	214,700	150,194	140,715	142,842	141,884	134,461	103,700	78,340	54,409	76,129
Compensation expense
133,326	127,900	132,271	122,678	127,894	122,475	119,722	118,598	122,005	182,692	134,169	127,894	136,262	126,982	128,056	123,344	119,842	108,458	114,070	110,973	100,540	98,093	88,940	93,689	201,915	87,884	79,293	75,332	62,547
Repossession expense
57,662	58,565	62,937	69,699	70,860	66,847	62,189	63,660	72,081	70,259	66,877	67,269	71,299	75,539	75,920	68,351	73,545	66,456	60,770	55,470	58,826	56,200	50,738	45,648	48,431	44,312	36,091	30,982	36,158
Other operating costs — Including $1,097 and $933 to affiliates, respectively
91,685	123,010	134,262	88,272	92,203	67,146	90,431	94,692	93,826	173,089	96,857	87,252	97,517	93,384	80,508	80,532	97,469	81,708	86,447	89,065	88,466	105,871	63,519	73,374	69,775	77,756	60,756	64,984	50,169
Total operating expenses
282,673	309,475	329,470	280,649	290,957	256,468	272,342	276,950	287,912	426,040	297,903	282,415	305,078	295,905	284,484	272,227	290,856	256,622	261,287	255,508	247,832	260,164	203,197	212,711	320,121	209,952	176,140	171,298	148,874
Income (loss) before income taxes
-6,445	222,276	314,694	480,031	337,267	143,633	296,822	449,146	302,667	-41,975	276,448	348,108	221,428	90,186	304,020	437,563	328,942	-21,799	372,974	573,169	365,268	226,204	277,725	394,139	223,067	244,150	177,307	285,193	441,657
Income tax expense
-2,458	76,214	82,156	111,764	89,764	39,296	64,874	114,120	58,052	-608,111	77,879	83,433	78,001	28,911	90,473	154,218	120,643	-2,244	136,539	208,454	122,823	73,484	98,562	138,181	85,624	104,729	65,486	104,129	152,798
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139,421	111,821	181,064	288,859
Noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,642	576	-854	-1,543
Net income (loss)
-3,987	146,062	232,538	368,267	247,503	104,337	231,948	335,026	244,615	566,136	198,569	264,675	143,427	61,275	213,547	283,345	208,299	-19,555	236,435	364,715	242,445	152,720	179,163	255,958	137,443	139,421	111,245	181,918	290,402
Other comprehensive income (loss):
Change in unrealized gains (losses) on cash flow hedges, net of tax of $(12,543), and $(6,794), respectively
-39,019	5,272	-11,158	-34,045	-21,039	-23,087	-5,848	-761	12,800	16,781	-379	-7,644	7,245	54,857	24,168	-14,701	-38,190	26,364	-18,513	3,564	-12,843	-1,003	8,685	-3,364	2,088	3,742	986	2,001	2,834
Unrealized gains (losses) on available-for-sale debt securities net of tax of $661 and $(149), respectively
2,057	-128	-111	539	462	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-629	-1,167	-1,456
Comprehensive loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,906	624	-586	-991
Comprehensive income (loss)
-40,949	-	-	-	226,926	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143,163	111,554	182,484	291,228
Other comprehensive income (loss), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,742	357	834	1,378
Comprehensive income
-	-	221,269	334,761	-	-	226,100	334,265	257,415	-	198,190	257,031	150,672	-	237,715	268,644	170,109	-	217,922	368,279	229,602	-	187,848	252,594	139,531	143,163	112,178	181,898	290,237
Net income per common share (basic) (in dollars per share)
-0.01	0.45	0.67	1.05	0.70	0.30	0.64	0.93	0.68	1.57	0.55	0.74	0.40	0.17	0.60	0.79	0.58	-0.06	0.66	1.03	0.69	0.45	0.51	0.73	0.39	-	0.32	0.53	-
Net income per common share (diluted) (in dollars per share)
-0.01	0.44	0.67	1.05	0.70	0.29	0.64	0.93	0.68	1.57	0.55	0.74	0.40	0.17	0.59	0.79	0.58	-0.05	0.66	1.02	0.68	0.43	0.50	0.72	0.39	-	0.32	0.53	-
Net income per common share (basic and diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.84
Dividend declared per common share (in dollars per share)
0.22	0.22	0.22	0.20	0.20	-	0.20	0.05	-	0.03	0.00	0.00	0.00	-	-	-	-	-	-	0.00	-	-	0.00	0.15	-	0.00	0.00	0.84	0.00
Weighted average common shares (basic) (in shares)
334,026	339,877	345,470	351,106	351,515	356,752	360,725	361,268	360,703	360,270	359,619	359,461	359,105	358,586	358,343	358,218	357,974	358,050	357,846	355,091	349,421	349,009	348,955	348,826	348,101	346,201	346,172	346,171	346,164
Weighted average common shares (diluted) (in shares)
334,346	340,468	345,956	351,556	352,052	357,568	361,445	362,058	361,617	360,262	360,460	359,828	360,616	357,516	360,087	359,867	358,840	349,695	359,108	359,193	356,654	354,260	355,921	356,381	356,325	346,201	346,172	346,171	346,164