Brinks (BCO) FY2012 results: revenue $3.6 billion, down 2.3% on the year
Brinks Co. (BCO) reported revenue of $3.6 billion for fiscal 2012, the year ended 31 December 2012, down 2.3% on the year before. Net income was $89 million, up 19.3%, and diluted earnings per share $1.83. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$3.6 billion
-2.3% on the year
FY2008FY2012
Operating margin
4.5%
5.5% a year earlier
FY2008FY2012
Net income
$89 million
+19.3% on the year
FY2008FY2012
Diluted EPS
$1.83
+18.1% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,578
3,663
2,976
-2.3%
Cost of revenue
2,894
2,966
2,392
-2.4%
Gross profit
683
697
584
-1.9%
Gross margin
19.1%
19.0%
19.6%
Operating income
162
202
176
-19.9%
Operating margin
4.5%
5.5%
5.9%
Interest expense
23.1
23.1
14.6
0.0%
Pre-tax income
146
188
170
-22.4%
Income tax
23.0
64.0
72.6
-64.1%
Effective tax rate
15.7%
34.0%
42.7%
Net income
88.9
74.5
57.1
+19.3%
Net margin
2.5%
2.0%
1.9%
Diluted EPS
$1.83
$1.55
$1.18
+18.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
250
247
235
+1.4%
Capital expenditure
171
184
138
-7.0%
Free cash flow
79.6
63.3
97.5
+25.8%
Free cash flow margin
2.2%
1.7%
3.3%
Cash from investing
-167
-172
-255
Cash from financing
-68.0
-67.2
60.0
Depreciation and amortisation
148
148
127
+0.2%
Share-based compensation
8.0
6.2
6.2
+29.0%
Buybacks
0.0
0.0
33.7
Dividends paid
19.0
18.7
18.9
+1.6%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
49m
48m
48m
+1.0%
Shares outstanding at period end
48m
47m
46m
+1.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
502
408
516
+23.0%
Non-controlling interest
75.0
74.4
66.9
+0.8%
Short-term borrowings
n/a
n/a
36.5
Debt
389
389
353
-0.0%
Other liabilities
1,588
1,534
1,298
+3.5%
Total liabilities and equity
2,554
2,406
2,270
+6.1%
Fixed assets
794
749
699
+6.0%
Goodwill
244
231
244
+5.4%
Intangible assets
56.1
63.8
83.2
-12.1%
Cash and equivalents
202
183
183
+10.3%
Receivables
612
550
525
+11.2%
Other assets
646
628
536
+2.8%
Total assets
2,554
2,406
2,270
+6.1%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.