Brinks (BCO) FY2018 results: revenue $3.5 billion, up 4.2% on the year
Brinks Co. (BCO) reported revenue of $3.5 billion for fiscal 2018, the year ended 31 December 2018, up 4.2% on the year before. Net income was -$33 million, and diluted earnings per share $-0.65. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$3.5 billion
+4.2% on the year
FY2011FY2018
Operating margin
7.9%
8.2% a year earlier
FY2011FY2018
Net income
-$33 million
FY2011FY2018
Diluted EPS
-$0.65
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
3,489
3,347
3,021
+4.2%
Cost of revenue
2,703
2,608
2,392
+3.6%
Gross profit
786
739
629
+6.3%
Gross margin
22.5%
22.1%
20.8%
Operating income
275
274
184
+0.3%
Operating margin
7.9%
8.2%
6.1%
Interest expense
66.7
32.2
20.4
+107.1%
Pre-tax income
42.5
182
125
-76.6%
Income tax
70.0
158
78.5
-55.6%
Effective tax rate
164.7%
86.9%
62.8%
Net income
-33.3
16.7
34.5
Net margin
-1.0%
0.5%
1.1%
Diluted EPS
-$0.65
$0.32
$0.68
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
364
296
190
+22.8%
Capital expenditure
155
174
112
-11.1%
Free cash flow
209
122
78.1
+71.5%
Free cash flow margin
6.0%
3.6%
2.6%
Cash from investing
-673
-395
-109
Cash from financing
93.4
587
-25.0
-84.1%
Depreciation and amortisation
162
147
132
+10.7%
Share-based compensation
28.2
17.7
9.5
+59.3%
Buybacks
93.5
n/a
n/a
Dividends paid
30.4
27.7
19.8
+9.7%
Dividend per share
$0.60
$0.55
$0.40
+9.1%
Diluted shares, weighted
51m
52m
51m
-1.7%
Shares outstanding at period end
50m
50m
50m
-1.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
154
317
337
-51.6%
Non-controlling interest
12.9
20.8
17.7
-38.0%
Debt
1,554
1,237
443
+25.7%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
1,515
1,485
1,197
+2.1%
Total liabilities and equity
3,236
3,060
1,995
+5.8%
Fixed assets
699
641
531
+9.1%
Goodwill
679
454
186
+49.6%
Intangible assets
229
106
19.1
+116.6%
Investments
3.8
4.1
4.1
-7.3%
Cash and equivalents
343
614
184
-44.1%
Receivables
600
642
501
-6.7%
Other assets
682
599
570
+14.0%
Total assets
3,236
3,060
1,995
+5.8%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.