Brinks (BCO) FY2021 results: revenue $4.2 billion, up 13.8% on the year
Brinks Co. (BCO) reported revenue of $4.2 billion for fiscal 2021, the year ended 31 December 2021, up 13.8% on the year before. Net income was $105 million, up 557.5%, and diluted earnings per share $2.10. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$4.2 billion
+13.8% on the year
FY2014FY2021
Operating margin
8.4%
5.8% a year earlier
FY2014FY2021
Net income
$105 million
+557.5% on the year
FY2014FY2021
Diluted EPS
$2.10
+577.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
478
318
369
+50.5%
Capital expenditure
168
118
165
+41.7%
Free cash flow
310
199
204
+55.7%
Free cash flow margin
7.4%
5.4%
5.5%
Cash from investing
-455
-565
-333
Cash from financing
171
684
-38.0
-74.9%
Depreciation and amortisation
240
207
185
+15.8%
Share-based compensation
33.1
31.3
42.7
+5.8%
Buybacks
200
50.0
0.0
+300.0%
Dividends paid
37.2
30.1
29.9
+23.6%
Dividend per share
$0.75
$0.60
$0.60
+25.0%
Diluted shares, weighted
50m
51m
51m
-1.4%
Shares outstanding at period end
47m
50m
50m
-4.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
123
129
192
-4.5%
Non-controlling interest
130
73.7
15.8
+75.8%
Short-term borrowings
9.8
n/a
n/a
Debt
2,957
2,486
1,644
+19.0%
Operating lease liabilities
242
267
218
-9.5%
Finance lease liabilities
136
114
117
+19.0%
Other liabilities
1,970
2,066
1,577
-4.7%
Total liabilities and equity
5,567
5,136
3,764
+8.4%
Fixed assets
866
838
763
+3.3%
Goodwill
1,412
1,219
785
+15.8%
Intangible assets
491
426
272
+15.3%
Investments
24.1
24.8
12.0
-2.8%
Cash and equivalents
710
621
311
+14.4%
Receivables
702
679
636
+3.3%
Other assets
1,362
1,327
985
+2.6%
Total assets
5,567
5,136
3,764
+8.4%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.