Cash flow Société Générale

Equities

GLE

FR0000130809

Banks

Market Closed - Euronext Paris Other stock markets 11:37:43 2025-01-17 am EST			5-day change	1st Jan Change
28.74 ^EUR	+0.07%		+5.45%	+5.82%

Jan. 17	SocGen agrees to sell Mauritania's unit to consortium led by Enko Capital	RE
Jan. 17	Polish state-owned fund is considering a takeover bid for Talgo, according to El Confidencial	RE

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Published financial data: SOCIÉTÉ GÉNÉRALE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	23.71B	20.72B	20.59B	28.84B	53.09B
Interest Income On Investments	-	-	-	-	-
Interest Income, Total	23.71B	20.72B	20.59B	28.84B	53.09B
Interest On Deposits	12.53B	10.25B	9.87B	17.55B	42.78B
Interest Expense, Total	12.53B	10.25B	9.87B	17.55B	42.78B
Net Interest Income	11.18B	10.47B	10.72B	11.29B	10.31B
Gain (Loss) on Sale of Assets	-	-	624M	-3.36B	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-	-	-	-	-
Total Other Non Interest Income	13.49B	11.64B	15.08B	16.77B	14.79B
Non Interest Income, Total	13.49B	11.64B	15.7B	13.42B	14.79B
Revenues Before Provison For Loan Losses	24.67B	22.11B	26.42B	24.7B	25.1B
Provision For Loan Losses	1.26B	3.29B	700M	1.65B	1.02B
Total Revenues	23.41B	18.83B	25.72B	23.06B	24.08B
Salaries And Other Employee Benefits	9.55B	8.97B	9.57B	9.86B	-
Stock-Based Compensation (IS)	-	-	-	-	254M
Occupancy Expense	1.49B	1.6B	1.64B	1.57B	1.68B
Selling General & Admin Expenses, Total	5.56B	4.89B	520M	544M	449M
(Income) Loss on Equity Invest.	129M	-3M	-6M	-15M	-24M
Total Other Non Interest Expense	828M	905M	5.85B	6.59B	16.26B
Non Interest Expense, Total	17.55B	16.37B	17.57B	18.55B	18.61B
EBT, Excl. Unusual Items	5.86B	2.46B	8.15B	4.51B	5.47B
Restructuring Charges	-647M	-373M	-	-	-
Impairment of Goodwill	-	-684M	-114M	-	-338M
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	5.21B	1.4B	8.04B	4.51B	5.13B
Income Tax Expense	1.26B	1.2B	1.7B	1.56B	1.68B
Earnings From Continuing Operations	3.95B	196M	6.34B	2.95B	3.45B
Net Income to Company	3.95B	196M	6.34B	2.95B	3.45B
Minority Interest	-698M	-454M	-697M	-929M	-956M
Net Income - (IS)	3.25B	-258M	5.64B	2.02B	2.49B
Preferred Dividend and Other Adjustments	712M	611M	590M	596M	758M
Net Income to Common Incl Extra Items	2.54B	-869M	5.05B	1.42B	1.74B
Net Income to Common Excl. Extra Items	2.54B	-869M	5.05B	1.42B	1.74B
Per Share Items
Net EPS - Basic	3.06	-1.02	5.97	1.73	2.17
Basic EPS - Continuing Operations	3.06	-1.02	5.97	1.73	2.17
Basic Weighted Average Shares Outstanding	830M	850M	846M	822M	799M
Net EPS - Diluted	3.05	-1.02	5.97	1.73	2.17
Diluted EPS - Continuing Operations	3.05	-1.02	5.97	1.73	2.17
Diluted Weighted Average Shares Outstanding	830M	850M	846M	822M	799M
Normalized Basic EPS	3.57	1.27	5.19	2.3	3.08
Normalized Diluted EPS	3.57	1.27	5.19	2.3	3.08
Dividend Per Share	-	0.55	1.65	1.7	0.9
Payout Ratio	54.5	-	8.3	67.94	54.63
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
Effective Tax Rate - (Ratio)	24.26	86	21.12	34.61	32.74
Current Domestic Taxes	20M	-136M	102M	-11M	-91M
Current Foreign Taxes	948M	848M	1.17B	1.29B	1.56B
Total Current Taxes	968M	712M	1.27B	1.28B	1.47B
Deferred Domestic Taxes	205M	518M	262M	139M	139M
Deferred Foreign Taxes	91M	-25M	166M	151M	70M
Total Deferred Taxes	296M	493M	428M	290M	209M
Normalized Net Income	2.96B	1.08B	4.4B	1.89B	2.46B
Non-Cash Pension Expense	-77M	-13M	-1M	-23M	-9M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	171M	150M	197M	196M	-
Stock-Based Comp., Other (Total)	-	-	-	-	254M
Total Stock-Based Compensation	171M	150M	197M	196M	254M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	123B	194B	207B	240B	263B
Investment Securities, Total	125B	106B	103B	228B	438B
Trading Asset Securities, Total	384B	435B	337B	221B	218B
Total investments	509B	542B	440B	448B	656B
Gross Loans	441B	451B	498B	505B	484B
Allowance For Loan Losses	-10.75B	-11.63B	-11.02B	-10.67B	-10.09B
Other Adjustments to Gross Loans	-2.75B	-1.99B	-1.69B	-2.23B	-2.46B
Net Loans	428B	437B	485B	492B	471B
Gross Property Plant And Equipment	42.55B	42.91B	45.72B	47.18B	82.21B
Accumulated Depreciation	-14.28B	-15.32B	-16.5B	-16.99B	-25.8B
Net Property Plant And Equipment	28.28B	27.59B	29.22B	30.2B	56.41B
Goodwill	4.63B	4.04B	3.74B	3.78B	4.95B
Other Intangibles, Total	2.36B	2.48B	2.73B	2.88B	3.56B
Investment in Real Estate	13M	12M	12M	11M	742M
Accrued Interest Receivable	3.06B	3.74B	3.98B	4.7B	5.23B
Other Receivables	12.61B	11.65B	11.15B	11.85B	14.81B
Other Current Assets, Total	67.74B	63.78B	92.86B	83.68B	69.42B
Deferred Tax Assets Long-Term (Collected)	4.74B	4.11B	3.83B	3.88B	3.69B
Other Long-Term Assets, Total	173B	172B	185B	165B	4.55B
Total Assets	1,356B	1,462B	1,464B	1,487B	1,554B
Liabilities
Accounts Payable, Total	-	-	-	-	-
Accrued Expenses, Total	2.36B	2.02B	2.75B	2.61B	2.57B
Interest Bearing Deposits	263B	299B	316B	347B	369B
Non-Interest Bearing Deposits	245B	283B	322B	307B	275B
Total Deposits	508B	582B	638B	654B	644B
Short-Term Borrowings	173B	188B	130B	119B	115B
Current Portion of Long-Term Debt	57.19B	72.48B	115B	66.55B	73.95B
Long-Term Debt	86.84B	83.84B	41.76B	89B	111B
Long-Term Leases	2.25B	2.21B	2.32B	2.1B	2.06B
Current Income Taxes Payable	602M	440M	760M	735M	933M
Accrued Interest Payable	627M	360M	308M	1.18B	3.3B
Unearned Revenue, Current	1.6B	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	252B	191B	162B	178B	206B
Unearned Revenue Non Current	-	1.53B	1.69B	1.3B	1.64B
Pension & Other Post Retirement Benefits	2.42B	2.58B	2.3B	2B	2.07B
Deferred Tax Liability Non-Current	706M	693M	741M	831M	1.43B
Other Non Current Liabilities	201B	268B	296B	296B	313B
Total Liabilities	1,288B	1,395B	1,394B	1,414B	1,478B
Common Stock, Total	1.07B	1.07B	1.07B	1.06B	1B
Additional Paid In Capital	21.42B	21.46B	21.51B	21.38B	20.41B
Retained Earnings	32.81B	31.82B	36.27B	36.28B	35.38B
Treasury Stock	-515M	-199M	-667M	-1.19B	-230M
Comprehensive Income and Other	8.75B	7.53B	6.88B	8.92B	9.4B
Total Common Equity	63.53B	61.68B	65.07B	66.45B	65.98B
Minority Interest	5.04B	5.3B	5.8B	6.33B	10.27B
Total Equity	68.57B	66.98B	70.86B	72.78B	76.25B
Total Liabilities And Equity	1,356B	1,462B	1,464B	1,487B	1,554B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	850M	849M	831M	800M	799M
ECS Total Common Shares Outstanding	850M	849M	831M	800M	799M
Book Value / Share	74.77	72.68	78.29	83.08	82.62
Tangible Book Value	56.54B	55.16B	58.59B	59.79B	57.46B
Tangible Book Value Per Share	66.54	64.99	70.5	74.75	71.96
Tangible Book Value Per Share (As Reported)	55.6	54.8	61.1	62.3	62.7
Total Debt	319B	346B	289B	277B	303B
Deposits at Interest - Cash	-	-	-	-	-
Debt Equivalent of Unfunded Proj. Benefit Obligation	535M	557M	306M	114M	100M
Net Debt	-243B	-319B	-293B	-350B	-384B
Equity Method Investments, Total	112M	100M	95M	146M	227M
Full Time Employees	130K	126K	124K	115K	124K
Part Time Employees	-	-	-	-	-
Assets on Operating Lease - Gross	28.58B	28.75B	31.08B	32.93B	67.41B
Assets on Operating Lease - Accumulated Depreciation	-7.53B	-7.94B	-8.51B	-8.86B	-16.98B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.25B	-258M	5.64B	2.02B	2.49B
Depreciation, Depletion & Amortization	4.68B	4.72B	4.82B	4.72B	7B
Amortization of Goodwill and Intangible Assets - (CF)	496M	540M	629M	637M	714M
Total Depreciation, Depletion & Amortization	5.18B	5.26B	5.44B	5.36B	7.71B
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-84M	-74M	-41M	-18M	-101M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-	684M	114M	-	-
(Income) Loss On Equity Investments - (CF)	129M	-3M	-6M	-15M	-24M
Change in Trading Asset Securities	5.27B	6.08B	-	-	-
Changes in Accrued Interest Receivable	-	-	-	-	-
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-2.34B	67.66B	5.1B	19.1B	21.78B
Other Operating Activities	-996M	1.45B	4.04B	12.65B	5.57B
Cash from Operations	10.4B	80.79B	20.29B	39.09B	37.42B
Capital Expenditure	-7.21B	-5.59B	-6.47B	-9.59B	-11.87B
Investment in Marketable and Equity Securities, Total	234M	-1.28B	-3.65B	582M	-206M
Cash from Investing	-6.98B	-6.86B	-10.12B	-9.01B	-12.07B
Issuance of Common Stock	378M	259M	-	779M	2.49B
Repurchase of Common Stock	-	-466M	-2.89B	-590M	-899M
Common Dividends Paid	-1.77B	-	-468M	-1.37B	-1.36B
Common & Preferred Stock Dividends Paid	-1.77B	-	-468M	-1.37B	-1.36B
Other Financing Activities, Total	3.4B	2.34B	-266M	968M	-4.13B
Cash from Financing	2.01B	2.13B	-3.63B	-214M	-3.9B
Foreign Exchange Rate Adjustments	1.39B	-2.6B	2.15B	2.35B	-2.32B
Net Change in Cash	6.82B	73.46B	8.7B	32.22B	19.13B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.3	0.01	0.44	0.2	0.23
Return On Equity %	5.87	0.29	9.19	4.1	4.61
Return on Common Equity	4.07	-1.39	7.97	2.16	2.61
Shareholders Value Added	-3.32B	-7B	-1.34B	-5.24B	-4.77B
Margin Analysis
SG&A Margin	70.89	82.16	45.61	51.91	8.82
Net Interest Income / Total Revenues %	47.78	55.63	41.67	48.95	42.82
EBT Excl. Non-Recurring Items Margin %	25.02	13.05	31.68	19.55	22.7
Income From Continuing Operations Margin %	16.86	1.04	24.64	12.78	14.32
Net Income Margin %	13.87	-1.37	21.93	8.75	10.35
Net Avail. For Common Margin %	10.83	-4.62	19.64	6.17	7.21
Normalized Net Income Margin	12.65	5.74	17.09	8.19	10.22
Asset quality
Nonperforming Loans / Total Loans %	3.62	3.73	3.27	3.1	3.25
Nonperforming Loans / Total Assets %	1.18	1.15	1.11	1.06	1.01
Nonperforming Assets / Total Assets %	1.18	1.15	1.11	1.06	1.01
NPAs / Loans and OREO	3.62	3.73	3.27	3.1	3.25
NPAs / Equity	23.3	25.09	22.95	21.55	20.61
Allowance for Credit Losses / Net Charge-offs %	546.85	636.32	755.56	727.04	764.04
Allowance for Credit Losses / Nonperforming Loans %	67.29	69.21	67.74	68.04	64.24
Allowance for Credit Losses / Total Loans %	2.44	2.58	2.21	2.11	2.09
Provision for Loan Losses / Net Charge-offs %	64.09	179.76	48.01	112.19	77.59
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.67	4.44	4.36	4.46	4.37
Total Average Equity / Total Average Assets %	5.04	4.81	4.74	4.87	4.92
Total Equity + Allowance for Loan Losses / Total Loans %	16.83	16.27	15.28	15.26	15.72
Gross Loans / Total Deposits %	86.96	77.4	78.06	77.27	75.08
Net Loans / Total Deposits %	84.3	75.06	76.06	75.3	73.13
Tier 1 Capital Ratio %	15.1	16	15.94	16.29	15.56
Total Capital Ratio %	18.3	19.2	18.85	19.34	18.22
Core Tier 1 Capital Ratio	12.71	13.4	13.71	13.49	13.15
Tier 2 Capital Ratio	3.23	3.24	2.91	3.05	2.66
Coverage Ratio	67.29	69.21	67.74	68.04	64.24
Interbank Ratio	52.22	39.37	40.22	50.31	66.08
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.42	1.14	1.81	1.26	1.12
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	1.51	-6.37	2.34	5.3	-19.71
Non Interest Income, 1 Yr. Growth %	-4.93	-13.69	34.91	-14.57	3.35
Provision For Loan Losses, 1 Yr. Growth %	25.37	160.79	-78.7	135.29	-37.77
Total Revenues, 1 Yr. Growth %	-3.26	-19.58	36.62	-10.37	-5.6
Earnings From Cont. Operations, 1 Yr. Growth %	-18.01	-95.03	3.13K	-53.5	25.15
Net Income, 1 Yr. Growth %	-21.18	-107.94	-2.29K	-64.23	36.6
Normalized Net Income, 1 Yr. Growth %	-10.19	-61.52	352.16	-57.06	43.17
Diluted EPS Before Extra, 1 Yr. Growth %	-28.07	-133.5	-684.07	-71.03	45.21
Dividend Per Share, 1 Yr. Growth %	-	-	200	3.03	-47.06
Gross Loans, 1 Yr. Growth %	2.11	2.11	10.46	1.51	-4.27
Allowance For Loan Losses, 1 Yr. Growth %	-6.24	8.19	-5.3	-3.11	-5.43
Net Loans, 1 Yr. Growth %	2.22	2.15	10.99	1.51	-4.31
Non Performing Loans, 1 Yr. Growth %	-10.34	5.2	-3.25	-3.53	0.15
Non Performing Assets, 1 Yr. Growth %	-10.34	5.2	-3.25	-3.53	0.15
Total Assets, 1 Yr. Growth %	3.58	7.77	1.39	1.53	4.66
Total Deposits, 1 Yr Growth %	3.98	14.72	9.54	2.54	-1.45
Tangible Book Value, 1 Yr. Growth %	4.36	-2.44	6.18	2.04	-4.73
Common Equity, 1 Yr. Growth %	4.1	-2.9