Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 0

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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’s common shareholders ($ 0.2200 per share)      —                                      —           —                                   ( 9.8)        —             —                    ( 9.8)  
  Share-based compensation:                                                                                                                                                                             
  Stock awards and options:                                                                                                                                                                             
  Compensation expense                                  —                                      —           9.3                                 —             —             —                       9.3  
  Other share-based benefit transactions                0.4                                    0.4         ( 16.4)                             —             —             —                   ( 16.0)  
  Acquisitions of noncontrolling interests (b)          —                                      —           0.2                                 —             —             ( 0.4)               ( 0.2)  
  Balance as of March 31, 2024                          44.6                                   $           666.8                               354.0         ( 669.0)      123.5                 519.9  

(a)Amounts do not agree to cash paid to repurchase shares in the condensed consolidated statements of cash flows or Note 11. The difference is due to the timing of the cash settlements for shares repurchased near the balance sheet dates plus the accrual of liabilities to pay excise taxes resulting from share repurchases.

(b)This amount represents the impact of transactions in which we acquired or disposed of noncontrolling ownership interests in certain companies where we had an existing controlling interest prior to and after the related acquisition or disposal transactions.

* Accumulated other comprehensive income (loss)

See accompanying notes to condensed consolidated financial statements.

THE BRINK’ S COMPANY

and subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

                                                                                                      Three Months                                            
                                                                                                   Ended March 31,                                            
  (In millions)                                                                                               2025                         2024               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash flows from operating activities:                                                                                                                       
  Net income                                                                                                     $         53.9            52.2               
  Adjustments to reconcile net income to net cash provided by (used in) operating activities:                                                                 
  Depreciation and amortization                                                                               70.7                         72.4               
  Share-based compensation expense                                                                             5.7                          9.3               
  Deferred income taxes                                                                                        0.3                          2.5               
  (Gain) loss on marketable securities, sale of property and equipment