Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
Mar. 31, 2017 |
Mar. 31, 2016 |
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ 40.5
|
$ (0.5)
|
| Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: |
|
|
| Depreciation and amortization |
33.9
|
32.2
|
| Share-based compensation expense |
4.5
|
2.8
|
| Deferred income taxes |
(2.1)
|
0.0
|
| Property and other assets |
(0.2)
|
0.0
|
| Business acquisitions and dispositions |
(0.8)
|
(0.1)
|
| Impairment losses |
0.4
|
0.5
|
| Retirement benefit funding (more) less than expense: |
|
|
| Pension |
5.2
|
3.2
|
| Other than pension |
3.3
|
3.2
|
| Remeasurement losses due to Venezuela currency devaluation |
0.3
|
2.8
|
| Other operating |
2.5
|
(0.6)
|
| Changes in operating assets and liabilities, net of effects of acquisitions: |
|
|
| Accounts receivable and income taxes receivable |
(37.8)
|
(24.2)
|
| Accounts payable, income taxes payable and accrued liabilities |
(12.6)
|
(27.5)
|
| Customer obligations |
4.2
|
(18.5)
|
| Prepaid and other current assets |
(14.4)
|
(13.3)
|
| Other |
0.0
|
2.2
|
| Net cash provided (used) by operating activities |
26.9
|
(37.8)
|
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(27.8)
|
(20.8)
|
| Acquisitions |
(14.2)
|
0.0
|
| Dispositions |
1.1
|
0.0
|
| Purchases |
(9.3)
|
(5.8)
|
| Sales |
0.4
|
2.3
|
| Cash proceeds from sale of property and equipment |
0.6
|
0.2
|
| Net cash used by investing activities |
(49.2)
|
(24.1)
|
| Cash flows from financing activities: |
|
|
| Short-term borrowings |
(11.3)
|
20.5
|
| Borrowings |
231.5
|
187.6
|
| Repayments |
(141.5)
|
(136.8)
|
| Borrowings |
0.0
|
1.6
|
| Repayments |
(14.6)
|
(16.0)
|
| Dividends to: |
|
|
| Shareholders of Brink’s |
(5.0)
|
(4.9)
|
| Noncontrolling interests in subsidiaries |
(0.2)
|
(0.2)
|
| Proceeds from exercise of stock options |
0.7
|
0.1
|
| Minimum tax withholdings associated with share-based compensation |
(8.8)
|
(4.2)
|
| Other |
0.5
|
0.8
|
| Net cash provided by financing activities |
51.3
|
48.5
|
| Effect of exchange rate changes on cash |
6.2
|
1.9
|
| Cash and cash equivalents: |
|
|
| Increase (decrease) |
35.2
|
(11.5)
|
| Balance at beginning of period |
183.5
|
198.3
|
| Balance at end of period |
$ 218.7
|
$ 186.8
|