Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 51

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 51
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 repurchase shares in 2025 as compared to $125.3 million in 2024).

Dividends

We paid dividends to Brink’s shareholders of $0.7525 per share or $31.7 million in the first nine months of 2025 compared to $0.7050 per share or $31.3 million in the first nine 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

                                                                          September 30,                   December 31,               
  (In millions)                                                           2025                                    2024               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Debt:                                                                                                                              
  Short-term borrowings                                                   $                    218.1             149.3               
  Long-term debt                                                                             3,772.9                        3,746.9  
  Total Debt                                                              $                  3,991.0                        3,896.2  
  Less:                                                                                                                              
  Cash and cash equivalents                                               $                  1,340.3                        1,395.3  
  Amounts held by Cash Management Services operations (a)                 (100.0)                               (81.3)               
  Cash and cash equivalents available for general corporate purposes      $                  1,240.3                        1,314.0  
  Net Debt (a)                                                            $                  2,750.7                        2,582.2  

(a) Net Debt is a supplemental non-GAAP financial measure that is not required by or presented in accordance with GAAP. See page 47 48

Net Debt as of September 30, 2025 increased versus the prior year end to provide funding for general corporate purposes and other working capital needs.

Liquidity Needs

Our liquidity needs include not only the working capital requirements of our operations but also investments in our operations, business development activities, payments on outstanding debt, dividend payments and share repurchases.

Our operating liquidity needs are typically financed by cash from operations, short-term borrowings and the available borrowing capacity under our Revolving Credit Facility (our debt facilities are described in more detail in Note 8 to the condensed consolidated financial statements, including certain limitations and considerations related to the cash and borrowing capacity). As of September 30, 2025,