XML 31 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 174.7 $ 98.3 $ 181.9
Adjustments to reconcile net income to net cash provided by operating activities:      
(Income) loss from discontinued operations, net of tax (1.1) (1.7) 2.9
Depreciation and amortization 293.3 275.8 245.8
Share-based compensation expense 36.5 32.1 48.6
Deferred income taxes (18.0) 22.7 (62.3)
(Gain) loss on marketable securities, sale of property and equipment and derivatives (15.5) 10.9 0.7
Impairment losses 4.8 10.3 9.0
Retirement benefit funding (more) less than expense:      
Pension (6.1) (10.2) (3.7)
Other than pension (8.1) (5.5) 7.9
Unrealized foreign currency (gains) losses (41.8) 79.1 37.6
Other operating 16.0 26.1 23.6
Changes in operating assets and liabilities, net of effects of acquisitions:      
(Increase) decrease in accounts receivable and income taxes receivable 15.6 69.0 (180.9)
Increase (decrease) in accounts payable, income taxes payable and accrued liabilities 122.4 (36.3) 139.2
Increase (decrease) in restricted cash held for customers (42.9) 59.5 50.0
Increase (decrease) in customer obligations (77.7) 66.0 50.0
(Increase) decrease in prepaid and other current assets (15.5) 24.6 (56.7)
Other (10.6) (18.3) (13.7)
Net cash provided by operating activities 426.0 702.4 479.9
Cash flows from investing activities:      
Capital expenditures (222.5) (202.7) (182.6)
Acquisitions, net of cash acquired (19.1) (1.5) (173.9)
Dispositions, net of cash disposed 0.0 1.1 0.0
Marketable securities:      
Purchases (71.8) (134.7) (30.3)
Sales 57.2 150.4 11.7
Cash proceeds from sale of property and equipment 29.2 18.4 5.7
Cash proceeds from settlement of cross currency swap 0.0 0.0 64.3
Net change in loans held for investment 7.1 (11.1) (25.9)
Other 3.7 (0.6) (0.2)
Discontinued operations 0.0 0.9 0.0
Net cash used in investing activities (216.2) (179.8) (331.2)
Cash flows from financing activities:      
Short-term borrowings 12.9 98.6 37.7
Long-term revolving credit facilities: Borrowings 12,857.3 9,265.7 7,058.7
Long-term revolving credit facilities: Repayments (12,865.0) (9,273.8) (6,832.7)
Other long-term debt: Borrowings 847.4 25.4 189.9
Other long-term debt: Repayments (527.4) (97.1) (87.0)
Acquisition of noncontrolling interests (0.2) (0.6) (7.8)
Cash paid for acquisition related settlements and obligations (0.8) (11.1) (2.8)
Debt financing costs (10.6) 0.0 (5.6)
Repurchase shares of Brink's common stock (203.6) (169.9) (52.2)
Dividends to:      
Shareholders of Brink’s (41.8) (39.6) (37.6)
Noncontrolling interests in subsidiaries (6.1) (7.7) (7.1)
Tax withholdings associated with share-based compensation (18.6) (8.0) (12.2)
Other (1.3) 11.0 3.9
Net cash provided by (used in) financing activities 42.2 (207.1) 245.2
Effect of exchange rate changes on cash (95.2) (42.4) (70.1)
Cash, cash equivalents and restricted cash:      
Increase 156.8 273.1 323.8
Balance at beginning of period 1,683.6 1,410.5 1,086.7
Balance at end of period $ 1,840.4 $ 1,683.6 $ 1,410.5