Brinks (BCO) FY2020 results: revenue $3.7 billion, up 0.2% on the year
Brinks Co. (BCO) reported revenue of $3.7 billion for fiscal 2020, the year ended 31 December 2020, up 0.2% on the year before. Net income was $16 million, down 44.8%, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$3.7 billion
+0.2% on the year
FY2013FY2020
Operating margin
5.8%
6.4% a year earlier
FY2013FY2020
Net income
$16 million
-44.8% on the year
FY2013FY2020
Diluted EPS
$0.31
-45.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
3,691
3,683
3,489
+0.2%
Cost of revenue
2,877
2,832
2,703
+1.6%
Gross profit
814
851
786
-4.4%
Gross margin
22.0%
23.1%
22.5%
Operating income
214
237
275
-9.8%
Operating margin
5.8%
6.4%
7.9%
Interest expense
96.5
90.6
66.7
+6.5%
Pre-tax income
79.3
93.5
42.5
-15.2%
Income tax
56.6
61.0
70.0
-7.2%
Effective tax rate
71.4%
65.2%
164.7%
Net income
16.0
29.0
-33.3
-44.8%
Net margin
0.4%
0.8%
-1.0%
Diluted EPS
$0.31
$0.57
-$0.65
-45.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
318
369
364
-13.8%
Capital expenditure
118
165
155
-28.1%
Free cash flow
199
204
209
-2.3%
Free cash flow margin
5.4%
5.5%
6.0%
Cash from investing
-565
-333
-673
Cash from financing
684
-38.0
93.4
Depreciation and amortisation
207
185
162
+11.8%
Share-based compensation
31.3
42.7
28.2
-26.7%
Buybacks
50.0
0.0
93.5
Dividends paid
30.1
29.9
30.4
+0.7%
Dividend per share
$0.60
$0.60
$0.60
0.0%
Diluted shares, weighted
51m
51m
51m
-0.6%
Shares outstanding at period end
50m
50m
50m
-1.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
129
192
154
-32.8%
Non-controlling interest
73.7
15.8
12.9
+366.5%
Debt
2,486
1,644
1,554
+51.2%
Operating lease liabilities
267
218
0.0
+22.3%
Finance lease liabilities
114
117
n/a
-2.6%
Other liabilities
2,066
1,577
1,515
+31.0%
Total liabilities and equity
5,136
3,764
3,236
+36.4%
Fixed assets
838
763
699
+9.8%
Goodwill
1,219
785
679
+55.4%
Intangible assets
426
272
229
+56.4%
Investments
24.8
12.0
3.8
+106.7%
Cash and equivalents
621
311
343
+99.6%
Receivables
679
636
600
+6.8%
Other assets
1,327
985
682
+34.8%
Total assets
5,136
3,764
3,236
+36.4%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.