Brinks (BCO) FY2014 results: revenue $3.6 billion, down 5.7% on the year
Brinks Co. (BCO) reported revenue of $3.6 billion for fiscal 2014, the year ended 31 December 2014, down 5.7% on the year before. Net income was -$84 million, and diluted earnings per share $-1.71. The figures are the company's own, from the 10-K it filed with the SEC on 5 March 2015.
Revenue
$3.6 billion
-5.7% on the year
FY2008FY2014
Operating margin
1.7%
4.3% a year earlier
FY2008FY2014
Net income
-$84 million
FY2008FY2014
Diluted EPS
-$1.71
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
3,562
3,779
3,578
-5.7%
Cost of revenue
2,888
3,059
2,894
-5.6%
Gross profit
674
719
683
-6.3%
Gross margin
18.9%
19.0%
19.1%
Operating income
59.4
163
162
-63.6%
Operating margin
1.7%
4.3%
4.5%
Interest expense
23.4
25.1
23.1
-6.8%
Pre-tax income
-49.0
140
146
Income tax
36.7
49.3
23.0
-25.6%
Effective tax rate
n/a
35.3%
15.7%
Net income
-83.9
56.8
88.9
Net margin
-2.4%
1.5%
2.5%
Diluted EPS
-$1.71
$1.16
$1.83
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
141
202
250
-29.9%
Capital expenditure
136
173
171
-21.3%
Free cash flow
5.2
28.6
79.6
-81.8%
Free cash flow margin
0.1%
0.8%
2.2%
Cash from investing
-94.0
-123
-167
Cash from financing
3.3
-6.0
-68.0
Depreciation and amortisation
162
166
148
-2.4%
Share-based compensation
17.3
9.9
8.0
+74.7%
Buybacks
0.0
0.0
0.0
Dividends paid
19.4
19.2
19.0
+1.0%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
49m
49m
49m
0.0%
Shares outstanding at period end
49m
48m
48m
+0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
434
694
502
-37.5%
Non-controlling interest
39.8
85.6
75.0
-53.5%
Debt
467
436
389
+7.0%
Other liabilities
1,252
1,282
1,588
-2.4%
Total liabilities and equity
2,192
2,498
2,554
-12.2%
Fixed assets
670
759
794
-11.8%
Goodwill
216
240
244
-10.2%
Intangible assets
39.8
46.3
56.1
-14.0%
Cash and equivalents
176
256
202
-31.0%
Receivables
530
622
612
-14.7%
Other assets
560
575
646
-2.5%
Total assets
2,192
2,498
2,554
-12.2%
10-K for the year ended 31 December 2014, filed 5 March 2015: the filing.