Brinks (BCO) FY2016 results: revenue $3.0 billion, down 1.3% on the year
Brinks Co. (BCO) reported revenue of $3.0 billion for fiscal 2016, the year ended 31 December 2016, down 1.3% on the year before. Net income was $34 million, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$3.0 billion
-1.3% on the year
FY2009FY2016
Operating margin
6.1%
3.1% a year earlier
FY2009FY2016
Net income
$34 million
FY2009FY2016
Diluted EPS
$0.68
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,021
3,061
3,562
-1.3%
Cost of revenue
2,392
2,444
2,888
-2.1%
Gross profit
629
618
674
+1.8%
Gross margin
20.8%
20.2%
18.9%
Operating income
184
96.4
59.4
+91.4%
Operating margin
6.1%
3.1%
1.7%
Interest expense
20.4
18.9
23.4
+7.9%
Pre-tax income
125
41.1
-49.0
+204.1%
Income tax
78.5
66.5
36.7
+18.0%
Effective tax rate
62.8%
161.8%
n/a
Net income
34.5
-11.9
-83.9
Net margin
1.1%
-0.4%
-2.4%
Diluted EPS
$0.68
-$0.24
-$1.71
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
190
196
141
-2.9%
Capital expenditure
112
101
136
+11.0%
Free cash flow
78.1
94.8
5.2
-17.6%
Free cash flow margin
2.6%
3.1%
0.1%
Cash from investing
-109
-104
-94.0
Cash from financing
-25.0
-52.5
3.3
Depreciation and amortisation
132
140
162
-5.9%
Share-based compensation
9.5
14.1
17.3
-32.6%
Buybacks
n/a
n/a
0.0
Dividends paid
19.8
19.5
19.4
+1.5%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
51m
49m
49m
+2.6%
Shares outstanding at period end
50m
49m
49m
+2.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
337
318
434
+6.0%
Non-controlling interest
17.7
12.7
39.8
+39.4%
Debt
443
430
467
+3.0%
Other liabilities
1,197
1,186
1,252
+0.9%
Total liabilities and equity
1,995
1,947
2,192
+2.5%
Fixed assets
531
549
670
-3.3%
Goodwill
186
185
216
+0.5%
Intangible assets
19.1
28.5
39.8
-33.0%
Investments
4.1
3.5
n/a
+17.1%
Cash and equivalents
184
182
176
+0.9%
Receivables
501
478
530
+4.8%
Other assets
570
520
560
+9.5%
Total assets
1,995
1,947
2,192
+2.5%
10-K for the year ended 31 December 2016, filed 26 February 2019: the filing.