Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 141

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 141
---
$17.0 24.2 Amortization of intangible assets(a)58.3 57.8 52.0 0.5 5.8 Total depreciation and amortization$293.3 275.8 245.8 $17.5 30.0 

(a)Amortization of acquisition-related intangible assets has been excluded from reportable segment amounts.

Our reinvestment ratio, which we define as the annual amount of property and equipment acquired during the year divided by the annual amount of depreciation, was 1.3 in 2024, 1.4 in 2023, and 1.3 in 2022.

Capital expenditures in 2024 for our operating units were primarily for cash devices, information technology, armored vehicles, and machinery and equipment. Capital expenditures in 2024 were $19.8 million higher compared to 2023. Total property and equipment acquired in 2024 was $2.9 million higher than the prior year. This increase was primarily due to an increase in investments in armored vehicles and DRS devices.

Corporate capital expenditures in the last three years were primarily for IT investments.

42

Financing Activities

Years Ended December 31,$ change(In millions)20242023202220242023Cash flows from financing activitiesBorrowings and repayments:Short-term borrowings$12.9 98.6 37.7 $(85.7)60.9 Long-term revolving credit facilities, net(7.7)(8.1)226.0 0.4 (234.1)Other long-term debt, net320.0 (71.7)102.9 391.7 (174.6)Borrowings (repayments)325.2 18.8 366.6 306.4 (347.8)Acquisition of noncontrolling interest(0.2)(0.6)(7.8)0.4 7.2 Debt financing costs(10.6)— (5.6)(10.6)5.6 Repurchase shares of Brink's common stock(203.6)(169.9)(52.2)(33.7)(117.7)Dividends to:Shareholders of Brink’s(41.8)(39.6)(37.6)(2.2)(2.0)Noncontrolling interests in subsidiaries(6