Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 26

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 amount or number of shares. The timing and volume of share repurchases may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Share repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise.

During the three months ended March 31, 2025, we repurchased a total of 514,795 44.8 86.97 252

Shares Used to Calculate Earnings per Share

  (In millions)                                                        2025      2024  
 ───────────────────────────────────────────────────────────────────────────────────────
  Weighted-average shares:                                                             
  Basic (a)                                                            43.1      44.8  
  Effect of dilutive stock awards and options                           0.4       0.5  
  Diluted                                                              43.5      45.3  
  Antidilutive stock awards and options excluded from denominator         —       0.1  

(a) We have deferred compensation plans for directors and certain of our employees. Some amounts owed to participants are denominated in common stock units. Each unit represents one share of common stock. The number of shares used to calculate basic earnings per share includes the weighted-average common stock units credited to employees and directors under the deferred compensation plans. Additionally, nonvested units containing only a service requirement are also included in the computation of basic weighted-average shares when the requisite service period has been completed. Accordingly, basic shares include weighted-average units of 0.2 0.2

Note 12 - Supplemental cash flow information

                         Three Months                         
                         Ended March 31,                      
  (In millions)          2025                           2024  
 ──────────────────────────────────────────────────────────────
  Cash paid for:                                              
  Interest               $                    52.9      68.0  
  Income taxes, net      28.3                           28.2  

Non-cash Investing and Financing Activities

We acquired $ 13.9 19.5

Loans Held for Investment

In France, as part of an ATM managed services contract for a large customer, we purchase the ATMs at the beginning of the contract. However, since these ATMs are specifically for the benefit of the customer and transfer back to the customer at the end of the contract, this is recorded as a financing transaction. As a result, the loan to the customer, net of payments received