Brinks (BCO) FY2022 results: revenue $4.5 billion, up 8.0% on the year
Brinks Co. (BCO) reported revenue of $4.5 billion for fiscal 2022, the year ended 31 December 2022, up 8.0% on the year before. Net income was $171 million, up 62.2%, and diluted earnings per share $3.57. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$4.5 billion
+8.0% on the year
FY2015FY2022
Operating margin
8.0%
8.4% a year earlier
FY2015FY2022
Net income
$171 million
+62.2% on the year
FY2015FY2022
Diluted EPS
$3.57
+70.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
480
478
318
+0.4%
Capital expenditure
183
168
118
+8.8%
Free cash flow
297
310
199
-4.1%
Free cash flow margin
6.6%
7.4%
5.4%
Cash from investing
-331
-455
-565
Cash from financing
245
171
684
+43.1%
Depreciation and amortisation
246
240
207
+2.6%
Share-based compensation
48.6
33.1
31.3
+46.8%
Buybacks
52.2
200
50.0
-73.9%
Dividends paid
37.6
37.2
30.1
+1.1%
Dividend per share
$0.80
$0.75
$0.60
+6.7%
Diluted shares, weighted
48m
50m
51m
-4.6%
Shares outstanding at period end
46m
47m
50m
-2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
447
123
129
+263.5%
Non-controlling interest
123
130
73.7
-5.0%
Short-term borrowings
n/a
9.8
n/a
Debt
3,403
2,957
2,486
+15.1%
Operating lease liabilities
250
242
267
+3.3%
Finance lease liabilities
149
136
114
+10.1%
Other liabilities
1,994
1,970
2,066
+1.2%
Total liabilities and equity
6,366
5,567
5,136
+14.4%
Fixed assets
935
866
838
+8.1%
Goodwill
1,451
1,412
1,219
+2.8%
Intangible assets
536
491
426
+9.0%
Investments
39.3
24.1
24.8
+63.1%
Cash and equivalents
972
710
621
+36.8%
Receivables
862
702
679
+22.9%
Other assets
1,571
1,362
1,327
+15.3%
Total assets
6,366
5,567
5,136
+14.4%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.