Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 0

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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 Balance as of September 30, 2024                      43.7                                      $           665.0                               322.1         ( 753.7)      131.0                 408.1  

(a)Amounts do not agree to cash paid to repurchase shares in the condensed consolidated statements of cash flows or Note 11. The difference is due to the timing of the cash settlements for shares repurchased near the balance sheet dates plus the accrual of liabilities to pay excise taxes resulting from share repurchases.

(b)This amount represents the impact of transactions in which we acquired or disposed of noncontrolling ownership interests in certain companies where we had an existing controlling interest prior to and after the related acquisition or disposal transactions.

* Accumulated other comprehensive income (loss)

See accompanying notes to condensed consolidated financial statements.

THE BRINK’ S COMPANY

and subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

                                                                                                     Nine Months                                                
                                                                                             Ended September 30,                                                
  (In millions)                                                                                             2025                             2024               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash flows from operating activities:                                                                                                                         
  Net income                                                                                                   $            138.9           133.9               
  Adjustments to reconcile net income to net cash provided by operating activities:                                                                             
  Loss from discontinued operations, net of tax                                                              0.1                              0.1               
  Depreciation and amortization                                                                            208.7                            220.3               
  Share-based compensation expense                                                                          18.7                             24.1               
  Deferred income taxes                                                                                     15.8                           ( 7.2)               
  (Gain) loss on marketable securities, sale of property and equipment and derivatives                      33.3                           ( 0.5)               
  Impairment losses                                                                                          5.4                              3.3               
  Retirement benefit funding more than expense:                                                                                                                 
  Pension                                                                                                 ( 1.3)                           ( 4.9)               
  Other than pension                                                                                      ( 8.5)                           ( 6.5)               
  Unrealized foreign currency gains                                                                       ( 0.7)                          ( 36.4)               
  Other operating                                                                                         ( 1.2)                             11.1               
  Changes in operating assets and liabilities, net of effects of acquisitions: