Company: BCO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001104659-25-026390
Chunk: 99

Company: BRINKS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 99
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 Management has excluded these amounts when evaluating internal performance. Therefore, these amounts have not been allocated to segment or Corporate results and are excluded from non-GAAP results. Reporting compliance. We incurred certain compliance costs related to the implementation and January 1, 2019 adoption of the new lease accounting standard, primarily third-party costs ($0.5 million in 2020, and no significant amounts in the other period presented). These third-party costs are not part of the Company’s operations and revenue generating activities. Additionally, the nature of these amounts is such that they are not reasonably likely to recur within two years, nor were similar costs incurred within the prior two years of the underlying event. Management has excluded these amounts when evaluating internal performance. Therefore, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results. Retirement plans. We incur costs, such as interest expense and amortization of actuarial gains and losses, associated with certain retirement plans that have been frozen to new entrants. Furthermore, we also incur non-cash settlement charges and curtailment gains related to all of our retirement plans. These costs and gains are not considered to be part of the Company’s operations and revenue generating activities. Management has excluded these amounts when evaluating internal performance. Therefore, they are excluded from non-GAAP results. 2020 — 2021 Non-GAAP Results Reconciled to GAAP The Brink’s Company and subsidiaries
(In millions)

| ​ | ​                                         | ​ | ​ | Full Year2020 | ​ | ​ | Full Year2021 | ​ |
| ​ | Adjusted EBITDA:                          | ​ | ​ |             ​ | ​ | ​ |             ​ | ​ |
| ​ | Net income attributable to Brink’s – GAAP | ​ | ​ |         $16.0 | ​ | ​ |        $105.2 | ​ |
| ​ | Interest expense – GAAP                   | ​ | ​ |          96.5 | ​ | ​ |         112.2 | ​ |
| ​ | Income tax provision – GAAP               | ​ | ​ |          56.6 | ​ | ​ |         120.3 | ​ |
| ​ | Depreciation and amortization – GAAP      | ​ | ​ |         206.8 | ​ | ​ |         239.5 | ​ |
| ​ | EBITDA                                    | ​ |