Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 49

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 49
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 shares of Brink's common stock                             (130.0)                   (65.7)       (64.3)  
  Dividends to:                                                                                                        
  Shareholders of Brink’s                                                (21.1)                   (20.6)        (0.5)  
  Noncontrolling interests in subsidiaries                                (0.7)                    (0.1)        (0.6)  
  Tax withholdings associated with share-based compensation              (17.8)                   (17.2)        (0.6)  
  Other                                                                   (1.6)                        —        (1.6)  
  Financing activities                                                        $      (38.1)         99.1      (137.2)  

Debt borrowings and repayments

Cash used in financing activities increased by $137.2 million year over year as we had net cash used in financing activities of $38.1 million in the first six months of 2025 compared to net cash provided from financing activities of $99.1 million in the first six months of 2024. The change was driven primarily by a decrease in net borrowings (as discussed in Note 8) compared to the prior year six month period, and an increase in cash used to repurchase shares of common stock (we used $130.0 million to repurchase shares in 2025 as compared to $65.7 million in 2024).

Dividends

We paid dividends to Brink’s shareholders of $0.4975 per share or $21.1 million in the first six months of 2025 compared to $0.4625 per share or $20.6 million in the first six months of 2024. Future dividends are dependent on our earnings, financial condition, shareholders’ equity levels, our cash flow and business requirements, as determined by the Board of Directors.

Capitalization

Reconciliation of Net Debt to U. S. GAAP Measures

                                                                          June 30,                   December 31,               
  (In millions)                                                           2025                               2024               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Debt:                                                                                                                         
  Short-term borrowings                                                   $               181.7             149.3               
  Long-term debt                                                                        3,941.4                        3,746.9  
  Total Debt                                                              $             4,123.1                        3,896.2