Brinks (BCO) FY2023 results: revenue $4.9 billion, up 7.5% on the year
Brinks Co. (BCO) reported revenue of $4.9 billion for fiscal 2023, the year ended 31 December 2023, up 7.5% on the year before. Net income was $88 million, down 48.6%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$4.9 billion
+7.5% on the year
FY2016FY2023
Operating margin
8.7%
8.0% a year earlier
FY2016FY2023
Net income
$88 million
-48.6% on the year
FY2016FY2023
Diluted EPS
$1.87
-47.6% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
702
480
478
+46.4%
Capital expenditure
203
183
168
+11.0%
Free cash flow
500
297
310
+68.1%
Free cash flow margin
10.3%
6.6%
7.4%
Cash from investing
-180
-331
-455
Cash from financing
-207
245
171
Depreciation and amortisation
276
246
240
+12.2%
Share-based compensation
32.1
48.6
33.1
-34.0%
Buybacks
170
52.2
200
+225.5%
Dividends paid
39.6
37.6
37.2
+5.3%
Dividend per share
$0.86
$0.80
$0.75
+7.5%
Diluted shares, weighted
47m
48m
50m
-1.9%
Shares outstanding at period end
44m
46m
47m
-3.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
397
447
123
-11.1%
Non-controlling interest
123
123
130
-0.2%
Short-term borrowings
n/a
n/a
9.8
Debt
3,531
3,403
2,957
+3.8%
Operating lease liabilities
266
250
242
+6.4%
Finance lease liabilities
176
149
136
+18.2%
Other liabilities
2,108
1,994
1,970
+5.7%
Total liabilities and equity
6,602
6,366
5,567
+3.7%
Fixed assets
1,013
935
866
+8.3%
Goodwill
1,474
1,451
1,412
+1.6%
Intangible assets
488
536
491
-8.8%
Investments
16.9
39.3
24.1
-57.0%
Cash and equivalents
1,177
972
710
+21.0%
Receivables
779
862
702
-9.6%
Other assets
1,654
1,571
1,362
+5.3%
Total assets
6,602
6,366
5,567
+3.7%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.