Brinks (BCO) FY2015 results: revenue $3.1 billion, down 14.1% on the year
Brinks Co. (BCO) reported revenue of $3.1 billion for fiscal 2015, the year ended 31 December 2015, down 14.1% on the year before. Net income was -$12 million, and diluted earnings per share $-0.24. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$3.1 billion
-14.1% on the year
FY2008FY2015
Operating margin
3.1%
1.7% a year earlier
FY2008FY2015
Net income
-$12 million
FY2008FY2015
Diluted EPS
-$0.24
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,061
3,562
3,779
-14.1%
Cost of revenue
2,444
2,888
3,059
-15.4%
Gross profit
618
674
719
-8.4%
Gross margin
20.2%
18.9%
19.0%
Operating income
96.4
59.4
163
+62.3%
Operating margin
3.1%
1.7%
4.3%
Interest expense
18.9
23.4
25.1
-19.2%
Pre-tax income
41.1
-49.0
140
Income tax
66.5
36.7
49.3
+81.2%
Effective tax rate
161.8%
n/a
35.3%
Net income
-11.9
-83.9
56.8
Net margin
-0.4%
-2.4%
1.5%
Diluted EPS
-$0.24
-$1.71
$1.16
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
196
141
202
+38.6%
Capital expenditure
101
136
173
-25.7%
Free cash flow
94.8
5.2
28.6
+1,723.1%
Free cash flow margin
3.1%
0.1%
0.8%
Cash from investing
-104
-94.0
-123
Cash from financing
-52.5
3.3
-6.0
Depreciation and amortisation
140
162
166
-13.6%
Share-based compensation
14.1
17.3
9.9
-18.5%
Buybacks
n/a
0.0
0.0
Dividends paid
19.5
19.4
19.2
+0.5%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
49m
49m
49m
+0.6%
Shares outstanding at period end
49m
49m
48m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
318
434
694
-26.8%
Non-controlling interest
12.7
39.8
85.6
-68.1%
Debt
430
467
436
-7.7%
Other liabilities
1,186
1,252
1,282
-5.3%
Total liabilities and equity
1,947
2,192
2,498
-11.2%
Fixed assets
549
670
759
-18.0%
Goodwill
185
216
240
-14.1%
Intangible assets
28.5
39.8
46.3
-28.4%
Investments
3.5
n/a
n/a
Cash and equivalents
182
176
256
+3.2%
Receivables
478
530
622
-9.9%
Other assets
520
560
575
-7.2%
Total assets
1,947
2,192
2,498
-11.2%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.