Brinks (BCO) FY2019 results: revenue $3.7 billion, up 5.6% on the year
Brinks Co. (BCO) reported revenue of $3.7 billion for fiscal 2019, the year ended 31 December 2019, up 5.6% on the year before. Net income was $29 million, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$3.7 billion
+5.6% on the year
FY2012FY2019
Operating margin
6.4%
7.9% a year earlier
FY2012FY2019
Net income
$29 million
FY2012FY2019
Diluted EPS
$0.57
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,683
3,489
3,347
+5.6%
Cost of revenue
2,832
2,703
2,608
+4.8%
Gross profit
851
786
739
+8.3%
Gross margin
23.1%
22.5%
22.1%
Operating income
237
275
274
-13.8%
Operating margin
6.4%
7.9%
8.2%
Interest expense
90.6
66.7
32.2
+35.8%
Pre-tax income
93.5
42.5
182
+120.0%
Income tax
61.0
70.0
158
-12.9%
Effective tax rate
65.2%
164.7%
86.9%
Net income
29.0
-33.3
16.7
Net margin
0.8%
-1.0%
0.5%
Diluted EPS
$0.57
-$0.65
$0.32
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
369
364
296
+1.2%
Capital expenditure
165
155
174
+6.3%
Free cash flow
204
209
122
-2.5%
Free cash flow margin
5.5%
6.0%
3.6%
Cash from investing
-333
-673
-395
Cash from financing
-38.0
93.4
587
Depreciation and amortisation
185
162
147
+14.0%
Share-based compensation
42.7
28.2
17.7
+51.4%
Buybacks
0.0
93.5
n/a
Dividends paid
29.9
30.4
27.7
-1.6%
Dividend per share
$0.60
$0.60
$0.55
0.0%
Diluted shares, weighted
51m
51m
52m
+0.4%
Shares outstanding at period end
50m
50m
50m
+0.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
192
154
317
+24.8%
Non-controlling interest
15.8
12.9
20.8
+22.5%
Debt
1,644
1,554
1,237
+5.8%
Operating lease liabilities
218
0.0
n/a
Finance lease liabilities
117
n/a
n/a
Other liabilities
1,577
1,515
1,485
+4.1%
Total liabilities and equity
3,764
3,236
3,060
+16.3%
Fixed assets
763
699
641
+9.1%
Goodwill
785
679
454
+15.6%
Intangible assets
272
229
106
+19.0%
Investments
12.0
3.8
4.1
+215.8%
Cash and equivalents
311
343
614
-9.4%
Receivables
636
600
642
+6.0%
Other assets
985
682
599
+44.3%
Total assets
3,764
3,236
3,060
+16.3%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.