BRINKS CO

Listed Company

BCOCIK 0000078890NYSELarge AcceleratedArrangement Of Transportation Of Freight & CargoVirginiaFY ends Dec 31

Period

FY 2025

Revenue

$5.26B

Net Income

$199.70M

Total Assets

$7.34B

Equity

$277.70M

Shares Out

41.15M

Op. Cash Flow

$639.50M

Business

BRINKS CO provides global cash and valuables management, digital retail solutions, and ATM managed services. It offers cash‑in‑transit, cash management, vaulting and valuables transport/storage, technology-enabled digital retail solutions (smart devices, software, analytics) and comprehensive ATM managed services. The company operates through four reporting segments — North America, Latin America, Europe and Rest of World — including its Brink’s Global Services line. It serves financial institutions, retailers, government agencies, mints, jewelers and other commercial customers across more than 100 countries via owned operations, joint ventures and agency relationships.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	5,261	5,012	4,875	4,536	4,200
Cost of revenues	3,903	3,743	3,707	3,462	3,236
Selling, general and administrative expenses	778	835	688	687	630
Total costs and expenses	4,681	4,578	4,395	4,149	3,866
Other operating income (expense)	6	19	−54	−25	20
Operating profit	586	453	425	361	355
Interest expense	−246	−235	−204	−139	—
Interest and other nonoperating income (expense)	14	49	14	—	—
Income from continuing operations before tax	354	266	236	226	236
Provision for income taxes	143	93	139	41	120
Income from continuing operations	211	174	97	185	115
Income (loss) from discontinued operations, net of tax	−400,000	1	2	−3	2
Net income	210	175	98	182	117
Less net income attributable to noncontrolling interests	11	12	11	11	12
Net income attributable to Brinks	200	163	88	171	105
Continuing operations	200	162	86	174	103
Discontinued operations	−400,000	1	2	−3	2
Continuing operations (in dollars per share)	4.74	3.65	1.86	3.67	2.08
Discontinued operations (in dollars per share)	−0.01	0.03	0.04	−0.06	0.04
Net income (in dollars per share)	4.73	3.68	1.9	3.61	2.12
Continuing operations (in dollars per share)	4.7	3.61	1.83	3.63	2.06
Discontinued operations (in dollars per share)	−0.01	0.03	0.04	−0.06	0.04
Net income (in dollars per share)	4.69	3.63	1.87	3.57	2.1
Basic (shares)	42	44	46	47	50
Diluted (shares)	43	45	47	48	50

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,726	1,395	1,177	972	710
Restricted cash	541	445	507	439	376
Accounts receivable (net of allowance: 2025 - $20.6; 2024 - $24.5)	766	734	779	862	702
Prepaid expenses and other	296	314	326	325	211
Total current assets	3,329	2,888	2,788	2,597	2,000
Right-of-use assets, net	389	355	338	315	299
Property and equipment (net of accumulated depreciation and amortization: 2025 - $1,886.2; 2024 - $1,633.2)	1,131	983	1,013	935	866
Goodwill	1,515	1,435	1,474	1,451	1,412
Other intangibles (net of accumulated amortization: 2025 - $368.3; 2024 - $321.3)	385	422	488	536	491
Deferred income taxes	237	239	232	246	239
Other	353	301	269	286	260
Total assets	7,339	6,623	6,602	6,366	5,567
Short-term borrowings	241	149	152	47	10
Current maturities of long-term debt	163	142	117	82	115
Accounts payable	319	317	250	297	211
Accrued liabilities	1,180	1,058	1,127	1,019	877
Restricted cash held for customers	294	233	299	229	216
Total current liabilities	2,198	1,898	1,944	1,675	1,429
Long-term debt	3,810	3,605	3,263	3,273	2,842
Accrued pension costs	148	123	149	131	219
Retirement benefits other than pensions	120	112	160	175	322
Lease liabilities	310	279	266	250	242
Deferred income taxes	67	63	57	68	49
Other	279	232	245	225	211
Total liabilities	6,932	6,311	6,082	5,796	5,314
Commitments and contingent liabilities (notes 4, 5, 14, 16, and 22)	—	—	—	—	—
Common Stock	41	43	45	46	47
Capital in excess of par value	632	661	676	684	671
Retained earnings	270	285	333	417	313
Benefit plan adjustments	−267	−260	−302	−291	−474
Foreign currency translation	−407	−557	−368	−434	−426
Unrealized losses on available-for-sale securities	−900,000	−3	−2	−600,000	−100,000
Unrealized gains on cash flow hedges	9	16	16	25	−8
Accumulated other comprehensive loss	−666	−804	−656	−701	−908
Brinks shareholders	278	185	397	447	123
Noncontrolling interests	130	128	123	123	130
Total equity	407	313	520	570	253
Total liabilities and equity	7,339	6,623	6,602	6,366	5,567

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	291	293	276	246	240
Share-based compensation expense	26	37	32	49	33
Deferred income taxes	21	−18	23	−62	15
(Gain) loss on marketable securities, sale of property and equipment and derivatives	23	−16	11	700,000	−18
Impairment losses	9	5	10	9	10
Pension	−2	−6	−10	−4	12
Other than pension	−7	−8	−6	8	14
Unrealized foreign currency (gains) losses	10	−42	79	38	—
Other operating	−500,000	16	26	24	−6
(Increase) decrease in accounts receivable and income taxes receivable	−2	16	69	−181	−21
Increase (decrease) in accounts payable, income taxes payable and accrued liabilities	−6	122	−36	139	45
Increase (decrease) in restricted cash held for customers	46	−43	60	50	60
Increase (decrease) in customer obligations	17	−78	66	50	16
(Increase) decrease in prepaid and other current assets	16	−16	25	−57	−17
Other	−13	−11	−18	−14	−29
Net cash provided by operating activities	640	426	702	480	478
Capital expenditures	−203	−223	−203	−183	−168
Acquisitions, net of cash acquired	−6	−19	−2	−174	−313
Dispositions, net of cash disposed	0	0	1	0	0
Purchases	−123	−72	−135	−30	−16
Sales	135	57	150	12	35
Cash proceeds from sale of property and equipment	19	29	18	6	8
Net change in loans held for investment	7	7	−11	−26	—
Net change in economic hedges	−22	4	0	—	—
Other	−9	−300,000	−600,000	−200,000	−800,000
Discontinued operations	0	0	900,000	0	0
Net cash used in investing activities	−202	−216	−180	−331	−455
Short-term borrowings	78	13	99	38	−4
Long-term revolving credit facilities: Borrowings	18,103	12,857	9,266	7,059	3,386
Long-term revolving credit facilities: Repayments	−17,886	−12,865	−9,274	−6,833	−2,837
Other long-term debt: Borrowings	44	847	25	190	8
Other long-term debt: Repayments	−164	−527	−97	−87	−141
Acquisition of noncontrolling interests	−7	−200,000	−600,000	−8	0
Cash paid for acquisition related settlements and obligations	0	−800,000	−11	−3	−4
Debt financing costs	−1	−11	0	−6	−800,000
Repurchase shares of Brink's common stock	−209	−204	−170	−52	−200
Shareholders of Brinks	−42	−42	−40	−38	−37
Noncontrolling interests in subsidiaries	−7	−6	−8	−7	−5
Proceeds from exercise of stock options	600,000	0	0	0	2
Tax withholdings associated with share-based compensation	−22	−19	−8	−12	−6
Other	−2	−1	11	4	4
Net cash provided by (used in) financing activities	−114	42	−207	245	171
Effect of exchange rate changes on cash	104	−95	−42	−70	−51
Increase	427	157	273	324	144

Filings

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