|
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ (9.5) |
$ (87.7) |
| Adjustments to reconcile net income to net cash provided (used) by operating activities: |
|
|
| Loss from discontinued operations, net of tax |
2.4 |
(0.5) |
| Depreciation and amortization |
36.7 |
41.9 |
| Share-based compensation expense |
5.2 |
5.9 |
| Deferred income taxes |
(4.6) |
(15.4) |
| Sales of available-for-sale securities |
0 |
(0.1) |
| Property and other assets |
(0.2) |
(0.3) |
| Impairment losses |
1.1 |
0 |
| Retirement benefit funding (more) less than expense: |
|
|
| Pension |
(0.7) |
0.5 |
| Other than pension |
2.4 |
1.8 |
| Remeasurement losses due to Venezuela currency devaluations |
18.0 |
121.9 |
| Other operating |
0.9 |
1.7 |
| Changes in operating assets and liabilities, net of effects of acquisitions: |
|
|
| Accounts receivable |
(16.8) |
(41.8) |
| Accounts payable, income taxes payable and accrued liabilities |
(47.7) |
8.7 |
| Customer obligations |
1.5 |
7.4 |
| Prepaid and other current assets |
(14.8) |
(15.5) |
| Other |
4.7 |
(0.5) |
| Discontinued operations |
(2.0) |
2.6 |
| Net cash provided (used) by operating activities |
(23.4) |
30.6 |
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(14.3) |
(23.8) |
| Acquisitions |
0 |
0 |
| Available-for-sale secuirties: |
|
|
| Purchases |
0 |
0 |
| Sales |
0 |
0 |
| Cash proceeds from sale of property, equipment and investments |
0.2 |
0.4 |
| Cash settlements of foreign currency derivatives |
1.4 |
0 |
| Other |
3.4 |
0 |
| Discontinued operations |
1.9 |
(5.2) |
| Net cash used by investing activities |
(7.4) |
(28.6) |
| Cash flows from financing activities: |
|
|
| Short-term debt |
(6.6) |
(13.9) |
| Long-term revolving credit facilities |
(9.8) |
70.0 |
| Borrowings |
82.0 |
1.2 |
| Repayments |
(17.9) |
(11.9) |
| Acquisition of noncontrolling interests in subsidiaries |
0 |
0 |
| Payment of acquisition-related obligation |
0 |
0 |
| Debt financing costs |
(1.9) |
0 |
| Dividends to: |
|
|
| Shareholders of Brink's |
(4.9) |
(4.8) |
| Noncontrolling interests in subsidiaries |
(0.2) |
(0.1) |
| Proceeds from exercise of stock options |
0.1 |
0 |
| Minimum tax withholdings associated with share-based compensation |
(0.3) |
(0.1) |
| Other |
0.1 |
(0.2) |
| Discontinued operations |
0 |
0 |
| Net cash provided (used) by financing activities |
40.6 |
40.2 |
| Effect of exchange rate changes on cash and cash equivalents |
(17.2) |
(96.2) |
| Cash and cash equivalents: |
|
|
| Increase (decrease) |
(7.4) |
(54.0) |
| Balance at beginning of period |
176.2 |
255.5 |
| Balance at end of period |
$ 168.8 |
$ 201.5 |