Brinks (BCO) FY2017 results: revenue $3.3 billion, up 10.8% on the year
Brinks Co. (BCO) reported revenue of $3.3 billion for fiscal 2017, the year ended 31 December 2017, up 10.8% on the year before. Net income was $17 million, down 51.6%, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$3.3 billion
+10.8% on the year
FY2010FY2017
Operating margin
8.2%
6.1% a year earlier
FY2010FY2017
Net income
$17 million
-51.6% on the year
FY2010FY2017
Diluted EPS
$0.32
-52.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,347
3,021
3,061
+10.8%
Cost of revenue
2,608
2,392
2,444
+9.1%
Gross profit
739
629
618
+17.5%
Gross margin
22.1%
20.8%
20.2%
Operating income
274
184
96.4
+48.5%
Operating margin
8.2%
6.1%
3.1%
Interest expense
32.2
20.4
18.9
+57.8%
Pre-tax income
182
125
41.1
+45.2%
Income tax
158
78.5
66.5
+100.9%
Effective tax rate
86.9%
62.8%
161.8%
Net income
16.7
34.5
-11.9
-51.6%
Net margin
0.5%
1.1%
-0.4%
Diluted EPS
$0.32
$0.68
-$0.24
-52.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
296
190
196
+55.8%
Capital expenditure
174
112
101
+55.5%
Free cash flow
122
78.1
94.8
+56.1%
Free cash flow margin
3.6%
2.6%
3.1%
Cash from investing
-395
-109
-104
Cash from financing
587
-25.0
-52.5
Depreciation and amortisation
147
132
140
+11.4%
Share-based compensation
17.7
9.5
14.1
+86.3%
Dividends paid
27.7
19.8
19.5
+39.9%
Dividend per share
$0.55
$0.40
$0.40
+37.5%
Diluted shares, weighted
52m
51m
49m
+2.4%
Shares outstanding at period end
50m
50m
49m
+1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
317
337
318
-5.8%
Non-controlling interest
20.8
17.7
12.7
+17.5%
Debt
1,237
443
430
+179.0%
Other liabilities
1,485
1,197
1,186
+24.1%
Total liabilities and equity
3,060
1,995
1,947
+53.4%
Fixed assets
641
531
549
+20.7%
Goodwill
454
186
185
+143.7%
Intangible assets
106
19.1
28.5
+453.4%
Investments
4.1
4.1
3.5
0.0%
Cash and equivalents
614
184
182
+234.8%
Receivables
642
501
478
+28.2%
Other assets
599
570
520
+5.1%
Total assets
3,060
1,995
1,947
+53.4%
10-K for the year ended 31 December 2017, filed 26 February 2019: the filing.