Brink's (BCO) Financials

$87.56 +1.04 (+1.20%)

Closing price 03:59 PM Eastern

Extended Trading

$87.60 +0.03 (+0.04%)

As of 04:07 PM Eastern

Annual Income Statements for Brink's

This table shows Brink's' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-12	35	17	-33	29	16	105	171	88	163
Consolidated Net Income / (Loss)	-28	45	24	-28	33	22	117	182	98	175
Net Income / (Loss) Continuing Operations	-25	47	24	-28	33	23	115	185	97	174
Total Pre-Tax Income	41	125	182	43	94	79	236	226	236	266
Total Operating Income	96	185	274	275	237	214	355	361	425	453
Total Gross Profit	618	629	739	786	851	814	964	1,074	1,168	1,269
Total Revenue	3,061	3,021	3,347	3,489	3,683	3,691	4,200	4,536	4,875	5,012
Operating Revenue	3,061	3,021	3,347	3,489	3,683	3,691	4,200	4,536	4,875	5,012
Total Cost of Revenue	2,444	2,392	2,608	2,703	2,832	2,877	3,236	3,462	3,707	3,743
Operating Cost of Revenue	2,444	2,392	2,608	2,703	2,832	2,877	3,236	3,462	3,707	3,743
Total Operating Expenses	521	444	465	511	614	600	610	712	742	816
Selling, General & Admin Expense	452	424	468	509	605	585	630	687	688	835
Other Operating Expenses / (Income)	69	20	-3.30	1.70	9.40	16	-20	25	54	-19
Total Other Income / (Expense), net	-55	-60	-92	-232	-143	-134	-119	-135	-189	-187
Interest Expense	19	20	32	106	143	134	119	135	189	187
Income Tax Expense	67	79	158	70	61	57	120	41	139	93
Net Income / (Loss) Discontinued Operations	-2.80	-1.70	-0.40	0.00	0.70	-0.80	2.10	-2.90	1.70	2.20
Net Income / (Loss) Attributable to Noncontrolling Interest	-16	10	6.90	5.80	4.20	5.90	12	11	11	12
Basic Earnings per Share	($0.24)	$0.69	$0.33	($0.65)	$0.58	$0.32	$2.12	$3.61	$1.90	$3.68
Weighted Average Basic Shares Outstanding	49.30M	50M	50.70M	50.90M	50.20M	50.40M	49.50M	47.30M	46.20M	44.30M
Diluted Earnings per Share	($0.24)	$0.68	$0.32	($0.65)	$0.57	$0.31	$2.10	$3.57	$1.87	$3.63
Weighted Average Diluted Shares Outstanding	49.30M	50.60M	51.80M	50.90M	51.10M	50.80M	50.10M	47.80M	46.90M	44.80M
Weighted Average Basic & Diluted Shares Outstanding	117.50M	64.90M	50.58M	51.20M	100M	99.02M	95.10M	93.03M	44.41M	43.14M
Cash Dividends to Common per Share	$0.40	$0.40	$0.55	$0.60	$0.60	$0.60	$0.75	$0.80	$0.86	$0.95

This table shows Brink's' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	19	45	15	32	46	-5.00	49	46	29	39
Consolidated Net Income / (Loss)	23	47	18	35	49	-4.50	52	50	32	41
Net Income / (Loss) Continuing Operations	23	50	18	35	50	-5.70	52	50	32	40
Total Pre-Tax Income	31	94	38	59	87	53	78	72	59	57
Total Operating Income	60	143	80	106	138	102	121	116	112	105
Total Gross Profit	256	317	265	272	306	324	309	315	315	330
Total Revenue	1,137	1,191	1,185	1,216	1,227	1,246	1,236	1,253	1,259	1,264
Operating Revenue	1,137	1,191	1,185	1,216	1,227	1,246	1,236	1,253	1,259	1,264
Total Cost of Revenue	881	874	920	944	921	922	927	938	944	935
Operating Cost of Revenue	881	874	920	944	921	922	927	938	944	935
Total Operating Expenses	197	174	185	167	169	222	188	199	203	225
Selling, General & Admin Expense	181	167	177	171	170	171	201	194	202	237
Other Operating Expenses / (Income)	16	6.90	8.30	-3.80	-1.30	51	-13	5.00	1.00	-12
Total Other Income / (Expense), net	-28	-49	-42	-47	-51	-50	-43	-44	-53	-48
Interest Expense	35	40	47	51	54	38	56	57	63	11
Income Tax Expense	8.50	45	20	23	37	58	26	22	27	17
Net Income / (Loss) Discontinued Operations	0.00	-2.60	0.70	-0.20	-0.20	1.40	0.00	-0.20	0.00	2.40
Net Income / (Loss) Attributable to Noncontrolling Interest	3.40	2.00	3.30	3.00	3.80	0.50	2.90	3.60	3.00	2.30
Basic Earnings per Share	$0.41	$0.97	$0.32	$0.69	$0.98	($0.09)	$1.10	$1.03	$0.66	$0.89
Weighted Average Basic Shares Outstanding	47.40M	47.30M	46.70M	46.70M	46.50M	46.20M	44.80M	44.60M	44.20M	44.30M
Diluted Earnings per Share	$0.40	$0.96	$0.32	$0.68	$0.97	($0.10)	$1.09	$1.02	$0.65	$0.87
Weighted Average Diluted Shares Outstanding	47.50M	47.80M	47.40M	47.30M	47.10M	46.90M	45.30M	45.10M	44.80M	44.80M
Weighted Average Basic & Diluted Shares Outstanding	46.45M	93.03M	46.43M	46.43M	45.05M	44.41M	44.46M	44.14M	43.64M	43.14M

This table details how cash moves in and out of Brink's' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	5.70	41	488	-247	-11	474	144	324	273	157
Net Cash From Operating Activities	196	190	296	364	369	318	478	480	702	426
Net Cash From Continuing Operating Activities	198	190	296	364	369	318	478	480	702	426
Net Income / (Loss) Continuing Operations	-25	47	24	-28	33	23	115	185	97	174
Consolidated Net Income / (Loss)	-28	45	24	-28	33	22	117	182	98	175
Net Income / (Loss) Discontinued Operations	-2.80	-1.70	-0.20	0.00	0.70	-0.80	2.10	-2.90	1.70	1.10
Depreciation Expense	140	132	147	162	185	207	240	246	276	293
Non-Cash Adjustments To Reconcile Net Income	109	53	66	181	152	184	131	174	268	-92
Changes in Operating Assets and Liabilities, net	-25	-41	60	48	-1.00	-96	-7.30	-124	62	51
Net Cash From Investing Activities	-104	-109	-395	-673	-333	-565	-455	-331	-180	-216
Net Cash From Continuing Investing Activities	-104	-109	-395	-673	-333	-565	-455	-331	-181	-216
Purchase of Property, Plant & Equipment	-101	-112	-175	-155	-165	-119	-168	-183	-203	-223
Acquisitions	0.00	-0.70	-225	-521	-184	-440	-313	-174	-1.50	-19
Purchase of Investments	-27	-9.20	-38	-62	-12	-2.90	-16	-30	-135	-72
Sale of Property, Plant & Equipment	1.90	4.70	1.90	4.00	10	5.30	7.70	5.70	18	29
Divestitures	-15	-0.60	1.40	8.40	11	-2.60	0.00	0.00	1.10	0.00
Sale and/or Maturity of Investments	34	9.10	38	54	1.30	2.00	35	76	150	57
Other Investing Activities, net	3.50	0.00	1.10	-0.90	4.70	-9.00	-0.80	-26	-12	11
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	0.00	0.00	0.90	0.00
Net Cash From Financing Activities	-53	-25	587	93	-38	684	171	245	-207	42
Net Cash From Continuing Financing Activities	-53	-25	587	93	-38	684	171	245	-207	42
Repayment of Debt	-700	-528	-1,337	-700	-1,200	-1,125	-2,974	-6,884	-9,360	-13,391
Repurchase of Common Equity	-	0.00	0.00	-94	0.00	-50	-200	-52	-170	-204
Payment of Dividends	-25	-24	-32	-57	-32	-47	-42	-53	-48	-48
Issuance of Debt	656	519	2,053	971	1,228	1,913	3,389	7,249	9,390	13,705
Other Financing Activities, net	16	5.60	-97	-28	-33	-7.90	-1.00	-15	-19	-19
Effect of Exchange Rate Changes	-34	-16	-0.90	-32	-8.10	38	-51	-70	-	-95

This table details how cash moves in and out of Brink's' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	247	62	-192	105	-3.10	363	-3.00	-63	21	202
Net Cash From Operating Activities	159	279	-45	150	188	409	64	-66	58	370
Net Cash From Continuing Operating Activities	159	279	-45	150	188	409	64	-66	58	370
Net Income / (Loss) Continuing Operations	23	50	18	35	50	-5.70	52	50	32	40
Consolidated Net Income / (Loss)	23	47	18	35	49	-4.50	52	50	32	41
Net Income / (Loss) Discontinued Operations	-	-2.70	0.70	-0.10	-0.10	1.20	0.00	-0.10	-	1.20
Depreciation Expense	59	66	68	70	69	70	72	73	75	73
Non-Cash Adjustments To Reconcile Net Income	25	77	-26	21	18	255	95	-147	-128	88
Changes in Operating Assets and Liabilities, net	53	87	-105	24	51	91	-155	-42	79	169
Net Cash From Investing Activities	-9.60	-219	-58	-87	-3.30	-32	-46	-71	-65	-35
Net Cash From Continuing Investing Activities	-9.60	-219	-58	-88	-3.30	-32	-46	-71	-65	-35
Purchase of Property, Plant & Equipment	-48	-51	-45	-44	-44	-70	-52	-57	-51	-63
Acquisitions	-0.20	-160	0.00	-	-	-1.50	0.70	-15	-	-4.70
Purchase of Investments	-33	11	-3.20	-41	-14	-76	-0.30	-1.10	-58	-13
Sale of Property, Plant & Equipment	1.30	2.40	0.30	0.70	4.70	13	3.50	1.00	7.50	17
Sale and/or Maturity of Investments	71	4.00	0.30	0.60	48	102	0.80	0.40	42	14
Other Investing Activities, net	-0.10	-26	-11	-3.70	1.70	1.20	1.70	0.90	-5.20	13
Net Cash From Financing Activities	155	-47	-97	43	-153	0.30	-1.30	100	0.40	-57
Net Cash From Continuing Financing Activities	155	-47	-97	43	-153	0.30	-1.30	100	0.40	-57
Repayment of Debt	-1,792	-2,010	-2,066	-2,278	-2,436	-2,580	-2,498	-3,609	-3,596	-3,689
Repurchase of Common Equity	-27	-25	-16	-1.50	-88	-64	-23	-43	-60	-78
Payment of Dividends	-21	-9.50	-9.70	-13	-14	-11	-10	-11	-16	-11
Issuance of Debt	1,996	1,999	2,006	2,341	2,387	2,656	2,546	3,763	3,674	3,722
Other Financing Activities, net	-0.30	-2.00	-12	-4.90	-1.50	-1.00	-17	-0.40	-1.50	-0.70
Effect of Exchange Rate Changes	-58	48	7.70	-1.00	-34	-	-20	-	-	-76

This table presents Brink's' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,947	1,995	3,060	3,236	3,764	5,136	5,567	6,366	6,602	6,623
Total Current Assets	778	844	1,488	1,207	1,233	1,815	2,000	2,597	2,788	2,888
Cash & Equivalents	182	184	614	343	311	621	710	972	1,177	1,395
Restricted Cash	16	56	113	136	158	322	376	439	507	445
Accounts Receivable	478	501	642	600	636	679	702	862	779	734
Prepaid Expenses	101	104	119	128	128	193	211	325	326	314
Plant, Property, & Equipment, net	549	531	641	699	763	838	866	935	1,013	983
Total Noncurrent Assets	620	620	931	1,330	1,768	2,483	2,702	2,833	2,800	2,753
Goodwill	185	186	454	679	785	1,219	1,412	1,451	1,474	1,435
Intangible Assets	29	19	106	229	273	426	491	536	488	422
Noncurrent Deferred & Refundable Income Taxes	330	328	226	237	274	315	239	246	232	239
Other Noncurrent Operating Assets	76	87	145	186	437	522	559	601	606	656
Total Liabilities & Shareholders' Equity	1,947	1,995	3,060	3,236	3,764	5,136	5,567	6,366	6,602	6,623
Total Liabilities	1,616	1,640	2,721	3,069	3,556	4,933	5,314	5,796	6,082	6,311
Total Current Liabilities	642	754	835	849	1,002	1,336	1,429	1,675	1,944	1,898
Short-Term Debt	72	196	97	82	89	152	125	130	269	291
Accounts Payable	155	139	175	175	185	206	211	297	250	317
Accrued Expenses	401	386	489	502	628	779	877	1,019	1,127	1,058
Other Current Liabilities	-	-	-	-	100	200	216	229	299	233
Total Noncurrent Liabilities	974	886	1,887	2,220	2,554	3,597	3,885	4,121	4,138	4,412
Long-Term Debt	358	248	1,140	1,472	1,555	2,334	2,842	3,273	3,263	3,605
Noncurrent Deferred & Payable Income Tax Liabilities	8.10	7.60	25	17	21	43	49	68	57	63
Noncurrent Employee Benefit Liabilities	479	495	572	563	577	702	542	306	308	234
Other Noncurrent Operating Liabilities	130	136	150	169	402	518	453	475	510	510
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	331	355	338	167	208	203	253	570	520	313
Total Preferred & Common Equity	318	337	317	154	192	129	123	447	397	185
Total Common Equity	318	337	317	154	192	129	123	447	397	185
Common Stock	649	668	679	678	713	721	718	730	720	704
Retained Earnings	561	576	565	429	457	408	313	417	333	285
Accumulated Other Comprehensive Income / (Loss)	-892	-907	-927	-953	-979	-1,000	-908	-701	-656	-804
Noncontrolling Interest	13	18	21	13	16	74	130	123	123	128

This table presents Brink's' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	5,933	6,253	6,411	6,265	6,679	6,562	6,671
Total Current Assets	2,447	2,448	2,517	2,462	2,905	2,819	2,837
Cash & Equivalents	1,019	817	890	934	1,123	1,189	1,226
Restricted Cash	330	402	434	387	558	429	413
Accounts Receivable	788	877	851	801	857	843	849
Prepaid Expenses	310	353	343	341	368	358	348
Plant, Property, & Equipment, net	845	954	990	966	1,003	975	984
Total Noncurrent Assets	2,642	2,852	2,904	2,837	2,771	2,768	2,850
Goodwill	1,342	1,459	1,468	1,448	1,458	1,454	1,485
Intangible Assets	447	527	516	492	469	456	453
Noncurrent Deferred & Refundable Income Taxes	277	249	242	242	226	226	241
Other Noncurrent Operating Assets	576	616	678	655	618	632	671
Total Liabilities & Shareholders' Equity	5,933	6,253	6,411	6,265	6,679	6,562	6,671
Total Liabilities	5,614	5,648	5,747	5,681	6,159	6,115	6,263
Total Current Liabilities	1,348	1,603	1,620	1,625	1,992	1,793	1,802
Short-Term Debt	103	181	217	217	281	272	275
Accounts Payable	194	249	232	207	265	230	235
Accrued Expenses	888	986	949	1,017	1,105	1,077	1,101
Other Current Liabilities	164	188	221	184	341	215	191
Total Noncurrent Liabilities	4,266	4,046	4,128	4,056	4,168	4,322	4,460
Long-Term Debt	3,269	3,190	3,251	3,202	3,309	3,475	3,576
Noncurrent Deferred & Payable Income Tax Liabilities	48	63	61	60	58	59	60
Noncurrent Employee Benefit Liabilities	503	301	307	298	301	300	298
Other Noncurrent Operating Liabilities	446	491	508	497	500	487	526
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	319	605	664	584	520	447	408
Total Preferred & Common Equity	203	479	541	463	396	321	277
Total Common Equity	203	479	541	463	396	321	277
Common Stock	724	733	741	726	711	711	709
Retained Earnings	399	411	431	398	354	354	322
Accumulated Other Comprehensive Income / (Loss)	-921	-665	-631	-661	-669	-744	-754
Noncontrolling Interest	117	126	123	122	124	126	131

This table displays calculated financial ratios and metrics derived from Brink's' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.06%	-1.33%	10.81%	4.24%	5.57%	0.21%	13.80%	7.98%	7.48%	2.82%
EBITDA Growth	46.66%	38.57%	30.07%	21.29%	-3.48%	-0.36%	41.38%	2.17%	15.47%	6.46%
EBIT Growth	334.38%	142.33%	46.97%	28.54%	-13.80%	-9.84%	66.14%	1.86%	17.69%	6.54%
NOPAT Growth	-209.48%	215.20%	-47.67%	-594.89%	146.31%	-25.75%	183.90%	70.12%	-40.99%	69.53%
Net Income Growth	75.44%	258.87%	-47.32%	-216.53%	220.73%	-34.04%	435.62%	55.07%	-45.96%	77.72%
EPS Growth	85.96%	383.33%	-52.94%	-303.13%	187.69%	-45.61%	577.42%	70.00%	-47.62%	94.12%
Operating Cash Flow Growth	38.64%	-2.86%	55.75%	22.84%	1.24%	-13.81%	50.46%	0.40%	46.36%	-39.35%
Free Cash Flow Firm Growth	-19.67%	-48.93%	-449.40%	-125.56%	89.70%	-413.67%	29.20%	36.98%	373.73%	-20.03%
Invested Capital Growth	-26.35%	-0.68%	51.70%	46.36%	11.37%	26.27%	22.19%	20.16%	-7.59%	0.02%
Revenue Q/Q Growth	-3.63%	1.26%	3.07%	0.13%	0.77%	2.38%	1.86%	2.09%	1.13%	0.37%
EBITDA Q/Q Growth	34.89%	9.53%	5.78%	10.41%	-1.22%	12.80%	7.30%	0.31%	-5.04%	0.80%
EBIT Q/Q Growth	2,300.00%	19.38%	6.80%	16.35%	-3.23%	22.07%	10.46%	-0.71%	-8.76%	0.53%
NOPAT Q/Q Growth	-85,008.10%	25.74%	-73.27%	73.66%	-40.91%	205.86%	20.21%	6.47%	-31.71%	33.83%
Net Income Q/Q Growth	62.60%	52.90%	-74.09%	76.05%	-53.24%	436.92%	27.92%	-2.68%	-34.38%	35.01%
EPS Q/Q Growth	78.57%	88.89%	-79.75%	72.34%	-56.49%	224.00%	30.43%	-1.11%	-36.18%	36.47%
Operating Cash Flow Q/Q Growth	22.74%	17.40%	9.66%	18.21%	0.35%	4.44%	-5.14%	18.52%	22.71%	-8.51%
Free Cash Flow Firm Q/Q Growth	-46.79%	-18.42%	-107.22%	49.44%	-366.58%	33.33%	-803.50%	-1,936.58%	529.66%	4.22%
Invested Capital Q/Q Growth	-17.30%	-13.51%	-6.07%	-8.54%	-8.40%	-8.34%	2.92%	9.42%	-11.74%	-9.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.18%	20.82%	22.07%	22.52%	23.11%	22.04%	22.96%	23.67%	23.95%	25.32%
EBITDA Margin	6.53%	9.17%	10.76%	12.53%	11.45%	11.39%	14.15%	13.39%	14.38%	14.89%
Operating Margin	3.15%	6.11%	8.18%	7.87%	6.43%	5.78%	8.44%	7.97%	8.72%	9.04%
EBIT Margin	1.96%	4.81%	6.38%	7.87%	6.43%	5.78%	8.44%	7.97%	8.72%	9.04%
Profit (Net Income) Margin	-0.92%	1.48%	0.71%	-0.79%	0.90%	0.59%	2.79%	4.01%	2.02%	3.49%
Tax Burden Percent	-68.61%	35.84%	13.00%	-64.71%	35.51%	27.62%	49.81%	80.42%	41.69%	65.60%
Interest Burden Percent	68.50%	85.97%	84.93%	15.47%	39.48%	37.14%	66.39%	62.61%	55.46%	58.79%
Effective Tax Rate	161.80%	62.80%	86.89%	164.71%	65.24%	71.37%	51.08%	18.30%	59.03%	34.81%
Return on Invested Capital (ROIC)	-8.98%	12.24%	5.11%	-17.02%	6.28%	3.91%	8.95%	12.57%	7.07%	12.47%
ROIC Less NNEP Spread (ROIC-NNEP)	3.03%	1.31%	1.66%	1.95%	1.91%	1.02%	5.66%	6.72%	3.11%	6.29%
Return on Net Nonoperating Assets (RNNOA)	1.97%	0.84%	1.71%	6.12%	11.47%	6.77%	42.60%	31.64%	10.96%	29.49%
Return on Equity (ROE)	-7.01%	13.07%	6.81%	-10.90%	17.74%	10.68%	51.55%	44.21%	18.03%	41.96%
Cash Return on Invested Capital (CROIC)	21.38%	12.91%	-35.97%	-54.65%	-4.48%	-19.31%	-11.03%	-5.74%	14.96%	12.45%
Operating Return on Assets (OROA)	2.90%	7.38%	8.46%	8.73%	6.77%	4.80%	6.63%	6.06%	6.56%	6.85%
Return on Assets (ROA)	-1.36%	2.27%	0.93%	-0.87%	0.95%	0.49%	2.19%	3.05%	1.52%	2.64%
Return on Common Equity (ROCE)	-6.55%	12.49%	6.43%	-10.17%	16.38%	8.35%	28.52%	30.64%	13.96%	29.34%
Return on Equity Simple (ROE_SIMPLE)	-8.87%	13.29%	7.44%	-17.89%	17.31%	17.00%	95.37%	40.68%	24.74%	94.48%
Net Operating Profit after Tax (NOPAT)	-60	69	36	-178	82	61	174	295	174	295
NOPAT Margin	-1.95%	2.27%	1.07%	-5.09%	2.23%	1.66%	4.13%	6.51%	3.57%	5.89%
Net Nonoperating Expense Percent (NNEP)	-12.01%	10.92%	3.45%	-18.97%	4.37%	2.89%	3.28%	5.85%	3.95%	6.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.43%	4.30%	7.02%
Cost of Revenue to Revenue	79.82%	79.18%	77.93%	77.48%	76.89%	77.96%	77.04%	76.33%	76.05%	74.68%
SG&A Expenses to Revenue	14.76%	14.05%	13.99%	14.59%	16.42%	15.84%	14.99%	15.15%	14.12%	16.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.03%	14.71%	13.89%	14.64%	16.68%	16.26%	14.52%	15.71%	15.23%	16.28%
Earnings before Interest and Taxes (EBIT)	60	145	214	275	237	214	355	361	425	453
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	200	277	360	437	422	420	594	607	701	746
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.04	5.63	11.65	19.97	22.34	26.45	25.34	5.44	9.85	21.84
Price to Tangible Book Value (P/TBV)	12.34	14.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.42	0.63	1.10	0.88	1.16	0.92	0.74	0.54	0.80	0.81
Price to Earnings (P/E)	0.00	55.01	221.34	0.00	147.77	212.92	29.62	14.26	44.62	24.79
Dividend Yield	1.52%	1.05%	0.75%	0.99%	0.70%	0.87%	1.18%	1.53%	0.99%	1.02%
Earnings Yield	0.00%	1.82%	0.45%	0.00%	0.68%	0.47%	3.38%	7.01%	2.24%	4.03%
Enterprise Value to Invested Capital (EV/IC)	2.72	3.79	4.98	3.35	3.96	2.88	2.40	1.78	2.48	2.63
Enterprise Value to Revenue (EV/Rev)	0.50	0.70	1.26	1.19	1.49	1.36	1.22	1.00	1.21	1.24
Enterprise Value to EBITDA (EV/EBITDA)	7.65	7.65	11.73	9.51	12.98	11.95	8.63	7.49	8.39	8.34
Enterprise Value to EBIT (EV/EBIT)	25.49	14.58	19.78	15.13	23.12	23.53	14.45	12.59	13.84	13.73
Enterprise Value to NOPAT (EV/NOPAT)	0.00	30.89	117.69	0.00	66.53	82.19	29.54	15.41	33.78	21.07
Enterprise Value to Operating Cash Flow (EV/OCF)	7.81	11.14	14.26	11.42	14.86	15.81	10.72	9.48	8.38	14.60
Enterprise Value to Free Cash Flow (EV/FCFF)	10.79	29.27	0.00	0.00	0.00	0.00	0.00	0.00	15.96	21.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.30	1.25	3.66	9.33	7.92	12.28	11.74	5.97	6.79	12.47
Long-Term Debt to Equity	1.08	0.70	3.37	8.83	7.49	11.53	11.25	5.74	6.27	11.54
Financial Leverage	0.65	0.64	1.03	3.14	6.01	6.63	7.52	4.71	3.52	4.69
Leverage Ratio	5.15	5.75	7.29	12.47	18.71	21.70	23.52	14.50	11.89	15.88
Compound Leverage Factor	3.52	4.94	6.19	1.93	7.39	8.06	15.61	9.08	6.60	9.34
Debt to Total Capital	56.56%	55.54%	78.53%	90.32%	88.79%	92.47%	92.15%	85.65%	87.16%	92.57%
Short-Term Debt to Total Capital	9.51%	24.51%	6.17%	4.79%	4.80%	5.64%	3.88%	3.26%	6.63%	6.91%
Long-Term Debt to Total Capital	47.05%	31.03%	72.36%	85.53%	83.99%	86.83%	88.27%	82.39%	80.53%	85.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.67%	2.22%	1.32%	0.75%	0.85%	2.74%	4.03%	3.10%	3.03%	3.03%
Common Equity to Total Capital	41.77%	42.24%	20.15%	8.93%	10.36%	4.79%	3.82%	11.25%	9.81%	4.39%
Debt to EBITDA	2.15	1.60	3.43	3.56	3.90	5.91	4.99	5.61	5.04	5.22
Net Debt to EBITDA	1.16	0.74	1.41	2.46	2.78	3.67	3.16	3.28	2.64	2.75
Long-Term Debt to EBITDA	1.79	0.89	3.16	3.37	3.69	5.55	4.78	5.39	4.65	4.83
Debt to NOPAT	-7.23	6.46	34.43	-8.74	19.97	40.67	17.10	11.53	20.27	13.19
Net Debt to NOPAT	-3.90	2.98	14.19	-6.05	14.27	25.24	10.84	6.75	10.61	6.96
Long-Term Debt to NOPAT	-6.01	3.61	31.73	-8.28	18.89	38.19	16.38	11.09	18.73	12.21
Altman Z-Score	2.64	2.91	2.65	2.28	2.15	1.49	1.52	1.42	1.56	1.61
Noncontrolling Interest Sharing Ratio	6.53%	4.44%	5.56%	6.68%	7.67%	21.82%	44.67%	30.71%	22.55%	30.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.12	1.78	1.42	1.23	1.36	1.40	1.55	1.43	1.52
Quick Ratio	1.03	0.91	1.51	1.11	0.94	0.97	0.99	1.10	1.01	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	142	72	-253	-571	-59	-302	-214	-135	369	295
Operating Cash Flow to CapEx	197.48%	177.02%	171.73%	240.97%	238.58%	280.65%	298.38%	271.28%	381.12%	220.38%
Free Cash Flow to Firm to Interest Expense	7.50	3.55	-7.86	-5.41	-0.41	-2.25	-1.79	-1.00	1.95	1.58
Operating Cash Flow to Interest Expense	10.37	9.33	9.21	3.45	2.57	2.37	4.01	3.55	3.71	2.28
Operating Cash Flow Less CapEx to Interest Expense	5.12	4.06	3.84	2.02	1.49	1.52	2.67	2.24	2.74	1.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.48	1.53	1.32	1.11	1.05	0.83	0.78	0.76	0.75	0.76
Accounts Receivable Turnover	6.07	6.17	5.85	5.62	5.96	5.61	6.08	5.80	5.94	6.63
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.02	5.59	5.71	5.21	5.04	4.61	4.93	5.04	5.00	5.02
Accounts Payable Turnover	15.09	16.24	16.62	15.48	15.77	14.74	15.51	13.64	13.57	13.22
Days Sales Outstanding (DSO)	60.13	59.16	62.35	64.96	61.20	65.01	60.00	62.93	61.44	55.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.19	22.48	21.96	23.57	23.14	24.77	23.53	26.76	26.89	27.61
Cash Conversion Cycle (CCC)	35.94	36.68	40.38	41.38	38.06	40.24	36.47	36.17	34.56	27.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	563	559	848	1,241	1,382	1,745	2,133	2,563	2,368	2,368
Invested Capital Turnover	4.61	5.39	4.76	3.34	2.81	2.36	2.17	1.93	1.98	2.12
Increase / (Decrease) in Invested Capital	-201	-3.80	289	393	141	363	387	430	-195	0.40
Enterprise Value (EV)	1,530	2,120	4,227	4,156	5,476	5,023	5,126	4,548	5,884	6,222
Market Capitalization	1,285	1,898	3,696	3,069	4,285	3,407	3,117	2,433	3,914	4,038
Book Value per Share	$6.50	$6.76	$6.29	$3.04	$3.83	$2.61	$2.50	$9.63	$8.82	$4.24
Tangible Book Value per Share	$2.13	$2.64	($4.79)	($14.89)	($17.30)	($30.68)	($36.21)	($33.14)	($34.73)	($38.32)
Total Capital	761	798	1,575	1,721	1,851	2,688	3,219	3,973	4,052	4,209
Total Debt	431	443	1,237	1,554	1,644	2,486	2,967	3,403	3,531	3,896
Total Long-Term Debt	358	248	1,140	1,472	1,555	2,334	2,842	3,273	3,263	3,605
Net Debt	232	204	510	1,075	1,175	1,543	1,880	1,992	1,848	2,056
Capital Expenditures (CapEx)	99	108	173	151	155	113	160	177	184	193
Debt-free, Cash-free Net Working Capital (DFCFNWC)	10	47	24	-40	-150	-313	-391	-358	-571	-560
Debt-free Net Working Capital (DFNWC)	208	286	750	440	319	630	696	1,052	1,113	1,281
Net Working Capital (NWC)	136	90	653	357	231	479	571	923	844	990
Net Nonoperating Expense (NNE)	-31	24	12	-150	49	39	56	113	76	121
Net Nonoperating Obligations (NNO)	232	204	510	1,075	1,175	1,543	1,880	1,992	1,848	2,056
Total Depreciation and Amortization (D&A)	140	132	147	162	185	207	240	246	276	293
Debt-free, Cash-free Net Working Capital to Revenue	0.33%	1.54%	0.70%	-1.15%	-4.06%	-8.47%	-9.31%	-7.90%	-11.71%	-11.17%
Debt-free Net Working Capital to Revenue	6.80%	9.45%	22.42%	12.60%	8.67%	17.07%	16.56%	23.20%	22.83%	25.55%
Net Working Capital to Revenue	4.44%	2.98%	19.52%	10.24%	6.26%	12.97%	13.58%	20.34%	17.32%	19.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.24)	$0.69	$0.33	($0.65)	$0.58	$0.32	$2.12	$3.61	$1.90	$3.68
Adjusted Weighted Average Basic Shares Outstanding	49.30M	50M	50.70M	50.90M	50.20M	50.40M	49.50M	47.30M	46.20M	44.30M
Adjusted Diluted Earnings per Share	($0.24)	$0.68	$0.32	($0.65)	$0.57	$0.31	$2.10	$3.57	$1.87	$3.63
Adjusted Weighted Average Diluted Shares Outstanding	49.30M	50.60M	51.80M	50.90M	51.10M	50.80M	50.10M	47.80M	46.90M	44.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.97M	50.04M	50.58M	49.65M	50.17M	99.02M	95.10M	93.03M	44.41M	43.14M
Normalized Net Operating Profit after Tax (NOPAT)	67	129	192	192	166	149	248	295	298	295
Normalized NOPAT Margin	2.20%	4.28%	5.73%	5.51%	4.50%	4.05%	5.91%	6.51%	6.11%	5.89%
Pre Tax Income Margin	1.34%	4.14%	5.42%	1.22%	2.54%	2.15%	5.61%	4.99%	4.84%	5.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.17	7.13	6.64	2.60	1.65	1.59	2.98	2.67	2.25	2.43
NOPAT to Interest Expense	-3.15	3.36	1.12	-1.68	0.57	0.46	1.46	2.18	0.92	1.58
EBIT Less CapEx to Interest Expense	-2.07	1.86	1.28	1.17	0.57	0.75	1.63	1.36	1.27	1.39
NOPAT Less CapEx to Interest Expense	-8.40	-1.91	-4.24	-3.12	-0.50	-0.39	0.11	0.88	-0.05	0.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-87.94%	54.46%	136.86%	-205.82%	96.99%	214.16%	36.06%	28.86%	48.73%	27.53%
Augmented Payout Ratio	-87.94%	54.46%	136.86%	-545.82%	96.99%	442.47%	206.56%	57.56%	221.57%	144.08%

This table displays calculated financial ratios and metrics derived from Brink's' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.69%	8.44%	10.37%	7.26%	7.98%	4.59%	4.28%	3.03%	2.53%	1.49%
EBITDA Growth	-7.92%	0.92%	24.57%	11.92%	68.57%	-17.82%	35.83%	12.44%	-6.10%	3.44%
EBIT Growth	-10.48%	-1.79%	38.30%	9.81%	113.68%	-28.55%	58.82%	17.14%	-13.16%	2.35%
NOPAT Growth	16.29%	15.15%	-73.46%	16.15%	81.62%	-114.73%	117.22%	26.74%	-23.29%	757.24%
Net Income Growth	-1.74%	-9.62%	-75.34%	-7.87%	118.58%	-109.57%	185.25%	41.88%	-35.43%	1,006.67%
EPS Growth	5.26%	-4.00%	-78.38%	-6.85%	142.50%	-110.42%	240.63%	50.00%	-32.99%	970.00%
Operating Cash Flow Growth	-17.24%	36.69%	40.89%	28.11%	17.75%	46.53%	241.69%	-143.95%	-68.89%	-9.67%
Free Cash Flow Firm Growth	-73.26%	-10.16%	10.64%	-106.74%	-15.76%	151.74%	235.17%	197.52%	146.70%	-60.52%
Invested Capital Growth	13.03%	20.16%	14.04%	15.90%	14.56%	-7.59%	-11.91%	-8.31%	-2.32%	0.02%
Revenue Q/Q Growth	0.25%	4.77%	-0.46%	2.60%	0.92%	1.48%	-0.76%	1.38%	0.43%	0.45%
EBITDA Q/Q Growth	-22.35%	67.85%	-27.16%	17.88%	16.95%	-18.17%	20.40%	-2.42%	-2.33%	-9.85%
EBIT Q/Q Growth	-34.13%	117.17%	-40.87%	29.82%	28.17%	-27.38%	31.44%	-4.25%	-4.98%	-14.41%
NOPAT Q/Q Growth	-20.83%	74.00%	-50.74%	71.17%	23.80%	-114.12%	826.17%	-0.13%	-25.07%	20.95%
Net Income Q/Q Growth	-40.68%	107.96%	-61.06%	91.80%	40.74%	-109.11%	1,260.00%	-4.60%	-35.94%	27.90%
EPS Q/Q Growth	-45.21%	140.00%	-66.67%	112.50%	42.65%	-110.31%	1,190.00%	-6.42%	-36.27%	33.85%
Operating Cash Flow Q/Q Growth	35.78%	75.28%	-116.14%	433.48%	24.80%	118.11%	-84.39%	-203.44%	188.35%	533.22%
Free Cash Flow Firm Q/Q Growth	-45.59%	-56.47%	14.72%	-6.42%	18.48%	169.94%	122.76%	-23.22%	-60.96%	-40.87%
Invested Capital Q/Q Growth	-3.38%	9.42%	7.61%	1.87%	-4.50%	-11.74%	2.59%	6.03%	1.74%	-9.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.52%	26.61%	22.36%	22.40%	24.96%	25.98%	24.99%	25.16%	25.02%	26.08%
EBITDA Margin	10.94%	17.53%	12.83%	14.74%	17.08%	13.78%	16.71%	16.09%	15.65%	14.04%
Operating Margin	5.23%	12.00%	6.73%	8.68%	11.22%	8.20%	9.78%	9.26%	8.87%	8.27%
EBIT Margin	5.79%	12.00%	7.13%	9.02%	11.46%	8.20%	10.86%	10.25%	9.70%	8.27%
Profit (Net Income) Margin	1.99%	3.95%	1.54%	2.89%	4.02%	-0.36%	4.22%	3.97%	2.53%	3.23%
Tax Burden Percent	72.67%	49.79%	48.29%	59.90%	56.91%	-8.57%	66.58%	69.17%	53.98%	71.83%
Interest Burden Percent	47.26%	66.06%	44.85%	53.42%	61.74%	51.42%	58.42%	56.03%	48.40%	54.35%
Effective Tax Rate	27.33%	47.35%	53.56%	39.93%	42.97%	110.86%	33.42%	30.69%	46.02%	30.28%
Return on Invested Capital (ROIC)	7.66%	12.21%	5.61%	9.43%	12.27%	-1.76%	12.37%	11.82%	9.01%	12.20%
ROIC Less NNEP Spread (ROIC-NNEP)	6.58%	10.75%	4.72%	8.08%	10.86%	-1.42%	10.97%	10.39%	7.70%	10.55%
Return on Net Nonoperating Assets (RNNOA)	44.56%	50.58%	20.34%	32.93%	49.54%	-4.99%	39.63%	39.99%	33.44%	49.48%
Return on Equity (ROE)	52.22%	62.78%	25.96%	42.36%	61.81%	-6.75%	52.00%	51.81%	42.46%	61.67%
Cash Return on Invested Capital (CROIC)	0.33%	-5.74%	-5.00%	-6.37%	-3.42%	14.96%	21.20%	17.59%	10.67%	12.45%
Operating Return on Assets (OROA)	4.48%	9.12%	5.52%	6.97%	9.05%	6.16%	8.27%	7.84%	7.49%	6.27%
Return on Assets (ROA)	1.54%	3.00%	1.20%	2.23%	3.18%	-0.27%	3.22%	3.04%	1.96%	2.45%
Return on Common Equity (ROCE)	29.79%	43.50%	19.14%	32.12%	45.53%	-5.23%	40.45%	40.20%	31.65%	43.13%
Return on Equity Simple (ROE_SIMPLE)	92.21%	0.00%	26.32%	22.72%	32.37%	0.00%	33.35%	45.83%	46.70%	0.00%
Net Operating Profit after Tax (NOPAT)	43	75	37	63	79	-11	80	80	60	73
NOPAT Margin	3.80%	6.32%	3.13%	5.22%	6.40%	-0.89%	6.51%	6.42%	4.79%	5.76%
Net Nonoperating Expense Percent (NNEP)	1.07%	1.46%	0.89%	1.35%	1.41%	-0.34%	1.39%	1.43%	1.31%	1.64%
Return On Investment Capital (ROIC_SIMPLE)	-	1.89%	-	-	-	-0.27%	-	-	-	1.73%
Cost of Revenue to Revenue	77.48%	73.39%	77.64%	77.60%	75.04%	74.02%	75.01%	74.84%	74.98%	73.92%
SG&A Expenses to Revenue	15.91%	14.03%	14.93%	14.03%	13.85%	13.69%	16.23%	15.51%	16.07%	18.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.29%	14.61%	15.63%	13.71%	13.74%	17.78%	15.21%	15.90%	16.15%	17.81%
Earnings before Interest and Taxes (EBIT)	66	143	85	110	141	102	134	129	122	105
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	124	209	152	179	210	172	207	202	197	178
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.03	5.44	6.38	5.74	7.19	9.85	10.30	14.17	18.38	21.84
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.50	0.54	0.66	0.66	0.69	0.80	0.83	0.92	1.02	0.81
Price to Earnings (P/E)	12.76	14.26	26.72	27.91	24.17	44.62	33.47	33.38	42.65	24.79
Dividend Yield	1.69%	1.53%	1.22%	1.23%	1.45%	0.99%	0.96%	0.88%	0.80%	1.02%
Earnings Yield	7.84%	7.01%	3.74%	3.58%	4.14%	2.24%	2.99%	3.00%	2.34%	4.03%
Enterprise Value to Invested Capital (EV/IC)	1.87	1.78	1.93	1.91	2.07	2.48	2.52	2.64	2.84	2.63
Enterprise Value to Revenue (EV/Rev)	0.98	1.00	1.15	1.14	1.15	1.21	1.24	1.37	1.49	1.24
Enterprise Value to EBITDA (EV/EBITDA)	7.23	7.49	8.45	8.27	7.52	8.39	8.19	8.94	10.04	8.34
Enterprise Value to EBIT (EV/EBIT)	12.02	12.59	14.08	13.86	11.91	13.84	13.12	14.26	16.50	13.73
Enterprise Value to NOPAT (EV/NOPAT)	15.78	15.41	25.38	24.59	21.75	33.78	27.62	28.32	33.70	21.07
Enterprise Value to Operating Cash Flow (EV/OCF)	10.80	9.48	10.43	9.88	9.69	8.38	7.54	11.43	15.97	14.60
Enterprise Value to Free Cash Flow (EV/FCFF)	596.29	0.00	0.00	0.00	0.00	15.96	11.13	14.35	26.28	21.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	10.56	5.97	5.57	5.22	5.85	6.79	6.91	8.39	9.44	12.47
Long-Term Debt to Equity	10.24	5.74	5.27	4.89	5.48	6.27	6.37	7.78	8.76	11.54
Financial Leverage	6.77	4.71	4.31	4.08	4.56	3.52	3.61	3.85	4.34	4.69
Leverage Ratio	20.22	14.50	12.31	11.87	13.50	11.89	11.50	11.68	13.03	15.88
Compound Leverage Factor	9.55	9.58	5.52	6.34	8.33	6.12	6.72	6.54	6.31	8.63
Debt to Total Capital	91.35%	85.65%	84.78%	83.93%	85.40%	87.16%	87.35%	89.35%	90.42%	92.57%
Short-Term Debt to Total Capital	2.78%	3.26%	4.54%	5.26%	5.42%	6.63%	6.83%	6.48%	6.45%	6.91%
Long-Term Debt to Total Capital	88.57%	82.39%	80.24%	78.67%	79.99%	80.53%	80.52%	82.87%	83.96%	85.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.16%	3.10%	3.17%	2.97%	3.03%	3.03%	3.01%	3.01%	3.08%	3.03%
Common Equity to Total Capital	5.49%	11.25%	12.04%	13.10%	11.56%	9.81%	9.65%	7.64%	6.51%	4.39%
Debt to EBITDA	5.57	5.61	5.34	5.34	4.63	5.04	4.81	4.93	5.20	5.22
Net Debt to EBITDA	3.34	3.28	3.41	3.30	2.84	2.64	2.56	2.80	2.99	2.75
Long-Term Debt to EBITDA	5.40	5.39	5.06	5.01	4.34	4.65	4.43	4.57	4.83	4.83
Debt to NOPAT	12.16	11.53	16.04	15.87	13.40	20.27	16.21	15.61	17.45	13.19
Net Debt to NOPAT	7.30	6.75	10.25	9.82	8.23	10.61	8.62	8.87	10.03	6.96
Long-Term Debt to NOPAT	11.79	11.09	15.18	14.88	12.55	18.73	14.95	14.48	16.21	12.21
Altman Z-Score	1.34	1.30	1.37	1.38	1.44	1.40	1.44	1.53	1.55	1.43
Noncontrolling Interest Sharing Ratio	42.96%	30.71%	26.26%	24.16%	26.34%	22.55%	22.20%	22.42%	25.44%	30.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.55	1.53	1.55	1.52	1.43	1.46	1.57	1.57	1.52
Quick Ratio	1.34	1.10	1.06	1.08	1.07	1.01	0.99	1.13	1.15	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-227	-355	-302	-322	-262	184	409	314	123	72
Operating Cash Flow to CapEx	340.60%	573.72%	-100.45%	345.75%	481.28%	719.51%	131.21%	-118.67%	134.25%	814.54%
Free Cash Flow to Firm to Interest Expense	-6.53	-8.84	-6.49	-6.30	-4.88	4.84	7.33	5.56	1.95	6.36
Operating Cash Flow to Interest Expense	4.59	6.97	-0.97	2.94	3.49	10.80	1.15	-1.17	0.93	32.44
Operating Cash Flow Less CapEx to Interest Expense	3.25	5.75	-1.93	2.09	2.76	9.30	0.27	-2.16	0.24	28.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.76	0.77	0.77	0.79	0.75	0.76	0.77	0.77	0.76
Accounts Receivable Turnover	5.86	5.80	5.64	5.64	6.07	5.94	5.68	5.86	6.05	6.63
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.26	5.04	5.10	5.14	5.33	5.00	5.03	5.05	5.12	5.02
Accounts Payable Turnover	17.92	13.64	15.82	15.96	18.29	13.57	14.46	16.08	16.88	13.22
Days Sales Outstanding (DSO)	62.27	62.93	64.72	64.66	60.17	61.44	64.25	62.31	60.33	55.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	20.36	26.76	23.07	22.87	19.96	26.89	25.25	22.70	21.62	27.61
Cash Conversion Cycle (CCC)	41.91	36.17	41.65	41.79	40.21	34.56	39.00	39.61	38.71	27.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,342	2,563	2,758	2,809	2,683	2,368	2,429	2,576	2,621	2,368
Invested Capital Turnover	2.01	1.93	1.80	1.81	1.92	1.98	1.90	1.84	1.88	2.12
Increase / (Decrease) in Invested Capital	270	430	340	385	341	-195	-328	-234	-62	0.40
Enterprise Value (EV)	4,374	4,548	5,333	5,374	5,549	5,884	6,116	6,798	7,436	6,222
Market Capitalization	2,235	2,433	3,055	3,106	3,329	3,914	4,083	4,543	5,092	4,038
Book Value per Share	$4.29	$9.63	$10.29	$11.66	$9.97	$8.82	$8.93	$7.21	$6.28	$4.24
Tangible Book Value per Share	($33.59)	($33.14)	($32.40)	($31.07)	($31.83)	($34.73)	($34.47)	($35.75)	($37.64)	($38.32)
Total Capital	3,691	3,973	3,976	4,133	4,003	4,052	4,110	4,194	4,259	4,209
Total Debt	3,372	3,403	3,371	3,469	3,419	3,531	3,590	3,747	3,851	3,896
Total Long-Term Debt	3,269	3,273	3,190	3,251	3,202	3,263	3,309	3,475	3,576	3,605
Net Debt	2,023	1,992	2,153	2,145	2,099	1,848	1,909	2,129	2,213	2,056
Capital Expenditures (CapEx)	47	49	45	44	39	57	49	56	44	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-148	-358	-192	-208	-266	-571	-486	-321	-330	-560
Debt-free Net Working Capital (DFNWC)	1,201	1,052	1,026	1,115	1,055	1,113	1,194	1,297	1,309	1,281
Net Working Capital (NWC)	1,099	923	846	898	838	844	914	1,026	1,034	990
Net Nonoperating Expense (NNE)	21	28	19	28	29	-6.59	28	31	28	32
Net Nonoperating Obligations (NNO)	2,023	1,992	2,153	2,145	2,099	1,848	1,909	2,129	2,213	2,056
Total Depreciation and Amortization (D&A)	59	66	68	70	69	70	72	73	75	73
Debt-free, Cash-free Net Working Capital to Revenue	-3.32%	-7.90%	-4.14%	-4.41%	-5.51%	-11.71%	-9.88%	-6.46%	-6.60%	-11.17%
Debt-free Net Working Capital to Revenue	27.04%	23.20%	22.08%	23.58%	21.88%	22.83%	24.25%	26.14%	26.22%	25.55%
Net Working Capital to Revenue	24.73%	20.34%	18.19%	18.98%	17.38%	17.32%	18.55%	20.67%	20.71%	19.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.41	$0.97	$0.32	$0.69	$0.98	($0.09)	$1.10	$1.03	$0.66	$0.89
Adjusted Weighted Average Basic Shares Outstanding	47.40M	47.30M	46.70M	46.70M	46.50M	46.20M	44.80M	44.60M	44.20M	44.30M
Adjusted Diluted Earnings per Share	$0.40	$0.96	$0.32	$0.68	$0.97	($0.10)	$1.09	$1.02	$0.65	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	47.50M	47.80M	47.40M	47.30M	47.10M	46.90M	45.30M	45.10M	44.80M	44.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.45M	93.03M	46.43M	46.43M	45.05M	44.41M	44.46M	44.14M	43.64M	43.14M
Normalized Net Operating Profit after Tax (NOPAT)	43	75	56	63	79	71	80	80	60	73
Normalized NOPAT Margin	3.80%	6.32%	4.71%	5.22%	6.40%	5.74%	6.51%	6.42%	4.79%	5.76%
Pre Tax Income Margin	2.74%	7.93%	3.20%	4.82%	7.07%	4.21%	6.34%	5.75%	4.70%	4.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.90	3.56	1.81	2.15	2.61	2.69	2.41	2.27	1.94	9.17
NOPAT to Interest Expense	1.25	1.88	0.80	1.24	1.46	-0.29	1.44	1.42	0.96	6.39
EBIT Less CapEx to Interest Expense	0.55	2.35	0.85	1.30	1.89	1.19	1.53	1.29	1.25	5.18
NOPAT Less CapEx to Interest Expense	-0.10	0.66	-0.17	0.39	0.73	-1.79	0.57	0.44	0.27	2.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.36%	28.86%	40.87%	43.66%	30.91%	48.73%	36.46%	31.25%	36.94%	27.53%
Augmented Payout Ratio	123.22%	57.56%	95.00%	100.33%	118.09%	221.57%	170.27%	179.71%	183.38%	144.08%

Frequently Asked Questions About Brink's' Financials

When does Brink's's financial year end?

According to the most recent income statement we have on file, Brink's' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Brink's' net income changed over the last 9 years?

Brink's' net income appears to be on an upward trend, with a most recent value of $174.70 million in 2024, falling from -$28.20 million in 2015. The previous period was $98.30 million in 2023.

What is Brink's's operating income?

Brink's's total operating income in 2024 was $453 million, based on the following breakdown:

Total Gross Profit: $1.27 billion
Total Operating Expenses: $815.80 million

How has Brink's revenue changed over the last 9 years?

Over the last 9 years, Brink's' total revenue changed from $3.06 billion in 2015 to $5.01 billion in 2024, a change of 63.7%.

How much debt does Brink's have?

Brink's' total liabilities were at $6.31 billion at the end of 2024, a 3.8% increase from 2023, and a 290.5% increase since 2015.

How much cash does Brink's have?

In the past 9 years, Brink's' cash and equivalents has ranged from $181.90 million in 2015 to $1.40 billion in 2024, and is currently $1.40 billion as of their latest financial filing in 2024.

How has Brink's' book value per share changed over the last 9 years?

Over the last 9 years, Brink's' book value per share changed from 6.50 in 2015 to 4.24 in 2024, a change of -34.8%.

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This page (NYSE:BCO) was last updated on 4/17/2025 by MarketBeat.com Staff

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Brink's (BCO) Financials

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