SSB: Southstate Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Southstate Corp (SSB).
$7.59B Market Cap.
SSB Market Cap. (MRY)
SSB Shares Outstanding (MRY)
SSB Assets (MRY)
Total Assets
$46.38B
Total Liabilities
$40.49B
Total Investments
$40.87B
SSB Income (MRY)
Revenue
$1.70B
Net Income
$534.78M
Operating Expense
$1.00B
SSB Cash Flow (MRY)
CF Operations
$511.96M
CF Investing
-$886.18M
CF Financing
$767.41M
SSB Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $46,381,204,000 (3.29%) | $44,902,024,000 (2.24%) | $43,918,696,000 (4.97%) | $41,838,456,000 (10.71%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $1,989,564,000 (-1.11%) | $2,011,882,000 (-1.36%) | $2,039,556,000 (19.33%) | $1,709,152,000 (-1.01%) |
Shareholders Equity | $5,890,415,000 (6.46%) | $5,533,098,000 (9.03%) | $5,074,927,000 (5.66%) | $4,802,940,000 (3.34%) |
Property Plant & Equipment Net | $502,559,000 (-3.20%) | $519,197,000 (-3.56%) | $538,389,000 (-5.23%) | $568,077,000 (-7.67%) |
Cash & Equivalents | $1,392,067,000 (39.36%) | $998,877,000 (-23.90%) | $1,312,563,000 (-80.47%) | $6,721,571,000 (45.83%) |
Accumulated Other Comprehensive Income | -$606,921,000 (-4.19%) | -$582,536,000 (13.96%) | -$677,088,000 (-3101.97%) | -$21,146,000 (-144.43%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $40,870,166,000 (2.85%) | $39,736,099,000 (3.56%) | $38,369,055,000 (21.61%) | $31,550,080,000 (5.83%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | $2,046,809,000 (21.46%) | $1,685,166,000 (25.10%) | $1,347,042,000 (35.02%) | $997,657,000 (51.75%) |
Tax Assets | $179,884,000 (9.45%) | $164,354,000 (-7.56%) | $177,801,000 (173.69%) | $64,964,000 (-41.45%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $906,446,000 (-7.61%) | $981,089,000 (3.41%) | $948,692,000 (-14.40%) | $1,108,305,000 (-5.26%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $40,490,789,000 (2.85%) | $39,368,926,000 (1.35%) | $38,843,769,000 (4.88%) | $37,035,516,000 (11.75%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
SSB Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $1,701,741,000 (4.69%) | $1,625,432,000 (3.99%) | $1,563,063,000 (0.67%) | $1,552,700,000 (72.21%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $733,077,000 (3.15%) | $710,692,000 (4.81%) | $678,045,000 (0.82%) | $672,502,000 (29.58%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $1,001,493,000 (0.70%) | $994,580,000 (6.98%) | $929,701,000 (-0.75%) | $936,715,000 (17.44%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $165,465,000 (21.18%) | $136,544,000 (-0.56%) | $137,313,000 (6.66%) | $128,736,000 (872.73%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $534,783,000 (8.19%) | $494,308,000 (-0.35%) | $496,049,000 (4.31%) | $475,543,000 (294.21%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $534,783,000 (8.19%) | $494,308,000 (-0.35%) | $496,049,000 (4.31%) | $475,543,000 (294.21%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $534,783,000 (8.19%) | $494,308,000 (-0.35%) | $496,049,000 (4.31%) | $475,543,000 (294.21%) |
Weighted Average Shares | $76,303,000 (0.33%) | $76,051,000 (2.01%) | $74,551,000 (5.91%) | $70,393,000 (28.56%) |
Weighted Average Shares Diluted | $76,762,000 (0.37%) | $76,480,000 (1.73%) | $75,181,000 (6.05%) | $70,889,000 (28.74%) |
Earning Before Interest & Taxes (EBIT) | $700,248,000 (11.00%) | $630,852,000 (-0.40%) | $633,362,000 (4.81%) | $604,279,000 (481.19%) |
Gross Profit | $1,701,741,000 (4.69%) | $1,625,432,000 (3.99%) | $1,563,063,000 (0.67%) | $1,552,700,000 (72.21%) |
Operating Income | $700,248,000 (11.00%) | $630,852,000 (-0.40%) | $633,362,000 (2.82%) | $615,985,000 (492.45%) |
SSB Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$886,179,000 (37.87%) | -$1,426,439,000 (70.65%) | -$4,860,396,000 (-109.57%) | -$2,319,261,000 (-288.59%) |
Net Cash Flow from Financing | $767,409,000 (35.59%) | $565,996,000 (124.83%) | -$2,279,505,000 (-156.76%) | $4,015,888,000 (86.45%) |
Net Cash Flow from Operations | $511,960,000 (-6.36%) | $546,757,000 (-68.41%) | $1,730,893,000 (316.39%) | $415,689,000 (-22.58%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $393,190,000 (225.35%) | -$313,686,000 (94.20%) | -$5,409,008,000 (-356.07%) | $2,112,316,000 (-46.12%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $250,115,000 (726.40%) | -$39,929,000 (-101.56%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$890,803,000 (37.08%) | -$1,415,757,000 (72.00%) | -$5,056,164,000 (-139.56%) | -$2,110,581,000 (-53.23%) |
Capital Expenditure | -$20,861,000 (21.14%) | -$26,454,000 (-388.20%) | $9,179,000 (-59.58%) | $22,708,000 (142.68%) |
Issuance (Repayment) of Debt Securities | -$74,273,000 (-326.66%) | $32,768,000 (113.78%) | -$237,822,000 (-220.06%) | -$74,305,000 (88.03%) |
Issuance (Purchase) of Equity Shares | -$7,941,000 (23.39%) | -$10,366,000 (90.98%) | -$114,887,000 (19.17%) | -$142,132,000 (-386.54%) |
Payment of Dividends & Other Cash Distributions | -$162,894,000 (-4.30%) | -$156,184,000 (-6.49%) | -$146,664,000 (-8.37%) | -$135,337,000 (-37.74%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $28,000,000 (-21.92%) | $35,861,000 (0.63%) | $35,638,000 (38.56%) | $25,721,000 (10.31%) |
Depreciation Amortization & Accretion | $56,697,000 (-3.62%) | $58,826,000 (-8.93%) | $64,591,000 (2.30%) | $63,137,000 (36.17%) |
SSB Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 31.40% (3.29%) | 30.40% (-4.10%) | 31.70% (3.59%) | 30.60% (128.36%) |
EBITDA Margin | 44.50% (4.95%) | 42.40% (-5.15%) | 44.70% (3.95%) | 43.00% (157.49%) |
Return on Average Equity (ROAE) | 9.30% (0.00%) | 9.30% (-5.10%) | 9.80% (-2.00%) | 10.00% (233.33%) |
Return on Average Assets (ROAA) | 1.20% (9.09%) | 1.10% (0.00%) | 1.10% (-8.33%) | 1.20% (200.00%) |
Return on Sales (ROS) | 41.10% (5.93%) | 38.80% (-4.20%) | 40.50% (4.11%) | 38.90% (238.26%) |
Return on Invested Capital (ROIC) | 1.60% (6.67%) | 1.50% (-6.25%) | 1.60% (-11.11%) | 1.80% (350.00%) |
Dividend Yield | 2.10% (-12.50%) | 2.40% (-7.69%) | 2.60% (8.33%) | 2.40% (-7.69%) |
Price to Earnings Ratio (P/E) | 14.19 (9.23%) | 12.99 (13.14%) | 11.48 (-3.11%) | 11.85 (-63.94%) |
Price to Sales Ratio (P/S) | 4.46 (12.91%) | 3.95 (8.48%) | 3.64 (0.28%) | 3.63 (-17.29%) |
Price to Book Ratio (P/B) | 1.29 (10.94%) | 1.16 (1.93%) | 1.14 (-2.23%) | 1.17 (5.53%) |
Debt to Equity Ratio (D/E) | 6.87 (-3.39%) | 7.12 (-7.04%) | 7.65 (-0.74%) | 7.71 (8.13%) |
Earnings Per Share (EPS) | 7.01 (7.85%) | 6.5 (-2.26%) | 6.65 (-1.63%) | 6.76 (207.27%) |
Sales Per Share (SPS) | 22.3 (4.35%) | 21.37 (1.94%) | 20.97 (-4.95%) | 22.06 (33.96%) |
Free Cash Flow Per Share (FCFPS) | 6.44 (-5.93%) | 6.84 (-70.69%) | 23.34 (274.78%) | 6.23 (-37.58%) |
Book Value Per Share (BVPS) | 77.2 (6.11%) | 72.75 (6.88%) | 68.07 (-0.23%) | 68.23 (-19.62%) |
Tangible Assets Book Value Per Share (TABVPS) | 581.78 (3.16%) | 563.97 (0.39%) | 561.75 (-1.46%) | 570.08 (-13.44%) |
Enterprise Value Over EBIT (EV/EBIT) | 11 (10.00%) | 10 (66.67%) | 6 (500.00%) | 1 (-95.83%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 10.05 (15.51%) | 8.7 (54.89%) | 5.62 (679.06%) | 0.72 (-95.58%) |
Asset Turnover | 0.04 (2.78%) | 0.04 (5.88%) | 0.03 (-10.53%) | 0.04 (35.71%) |
Current Ratio | - | - | - | - |
Dividends | $2.12 (3.92%) | $2.04 (3.03%) | $1.98 (3.13%) | $1.92 (2.13%) |
Free Cash Flow (FCF) | $491,099,000 (-5.61%) | $520,303,000 (-70.10%) | $1,740,072,000 (296.92%) | $438,397,000 (-19.75%) |
Enterprise Value (EV) | $7,606,849,089 (26.78%) | $5,999,875,038 (53.04%) | $3,920,587,198 (714.25%) | $481,497,797 (-80.38%) |
Earnings Before Tax (EBT) | $700,248,000 (11.00%) | $630,852,000 (-0.40%) | $633,362,000 (4.81%) | $604,279,000 (481.19%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $756,945,000 (9.75%) | $689,678,000 (-1.19%) | $697,953,000 (4.58%) | $667,416,000 (343.94%) |
Invested Capital | $43,906,019,000 (2.41%) | $42,872,354,000 (3.27%) | $41,515,269,000 (20.28%) | $34,516,038,000 (5.80%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $44,391,640,000 (3.50%) | $42,890,142,000 (2.41%) | $41,879,140,000 (4.36%) | $40,129,304,000 (11.27%) |
Market Capitalization | $7,589,580,089 (18.15%) | $6,423,711,038 (11.13%) | $5,780,112,198 (3.34%) | $5,593,277,797 (9.04%) |
Average Equity | $5,748,101,750 (7.93%) | $5,325,774,750 (5.40%) | $5,052,736,500 (5.96%) | $4,768,331,000 (19.03%) |
Average Assets | $45,775,664,750 (1.86%) | $44,938,827,750 (-0.96%) | $45,376,567,000 (11.46%) | $40,712,091,250 (25.29%) |
Invested Capital Average | $43,624,252,500 (2.09%) | $42,731,237,250 (5.15%) | $40,639,877,500 (20.11%) | $33,835,225,000 (17.28%) |
Shares | 76,292,522 (0.30%) | 76,065,258 (0.49%) | 75,695,550 (8.42%) | 69,819,970 (-1.59%) |
