Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 233

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 233
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,(In millions, except for per share amounts)202420232022Diluted EPS:GAAP$3.61 1.83 3.63 Reorganization and restructuring(a)0.03 0.30 0.64 Acquisitions and dispositions(a)1.25 1.33 1.33 Argentina highly inflationary impact(a)0.92 3.13 1.00 Transformation initiatives(a)0.62 0.12 — DOJ/FinCEN investigations(a)1.02 — — Chile antitrust matter(a)0.02 0.01 0.02 Non-routine auto loss matter(a)0.05 0.17 — Ship loss matter(a)— — 0.08 Reporting compliance(a)— 0.02 — Retirement plans(b)(0.19)(0.15)0.17 Change in allowance estimate(a)— — 0.25 Valuation allowance on tax credits(b)(0.16)0.59 (1.11)Non-GAAP$7.17 7.35 5.99 

Amounts may not add due to rounding.

(a)See “Other Items Not Allocated To Segments” on pages 26-29 for details.

(b)See "Reconciliations of GAAP to Non-GAAP Measures" on page 35 for details.

(c)Due to reorganization and restructuring activities, there was a $0.9 million non-GAAP adjustment to share-based compensation in 2023. There is no difference between GAAP and non-GAAP share-based compensation amounts for the other periods presented.

(d)Due to the impact of Argentina's highly inflationary accounting, there was a $55.2 million non-GAAP adjustment for a loss in 2023, and a $1.3 million non-GAAP adjustment in 2024.

38

Foreign Operations

We currently serve customers in more than 100 countries, including 51 countries where we operate subsidiaries.

We are subject to risks customarily associated with doing business in foreign countries, including labor and economic conditions, the imposition of international sanctions, including by the U.S. government, political instability, controls on repatriation of earnings and capital, nationalization, expropriation and other forms of restrictive action by local governments. Changes in the political or economic environments in the countries in which we operate could have