Brink's Financials

$849.5 M

Revenue Q3, 2017

$4.2 B

Mkt cap, 13-Dec-2017
Gross profit (Q3, 2017)183.1 M
Gross profit margin (Q3, 2017), %22%
Net income (Q3, 2017)21.1 M
EBIT (Q3, 2017)66.4 M
Cash, 30-Sep-2017241.8 M
EV4.7 B

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.8 b3.6 b3.1 b3 b

Revenue growth, %

(6%)(14%)(1%)

Cost of goods sold

3.1 b2.9 b2.5 b2.4 b

Gross profit

719.4 m614.1 m589.8 m595.8 m

Gross profit Margin, %

19%17%19%20%

General and administrative expense

546.8 m560.6 m431.5 m

Operating expense total

546.8 m560.6 m431.5 m

EBIT

163.2 m(27.5 m)56.6 m144.2 m

EBIT margin, %

4%(1%)2%5%

Interest expense

25.1 m23.4 m18.9 m20.4 m

Interest income

1.5 m1.9 m

Pre tax profit

139.6 m(49 m)

Income tax expense

141 m(43 m)66.5 m78.5 m

Net Income

81.1 m(114.8 m)(28.2 m)44.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

760.3 m759.2 m721.8 m739.5 m755.8 m788.4 m805.9 m849.5 m

Cost of goods sold

620.9 m616.4 m597 m604.5 m602.4 m610.3 m628.9 m666.4 m

Gross profit

139.4 m142.8 m124.8 m135 m153.4 m178.1 m177 m183.1 m

Gross profit Margin, %

18%19%17%18%20%23%22%22%

General and administrative expense

120 m111.1 m110.3 m106.7 m103.9 m107.1 m122.8 m116.6 m

Operating expense total

740.9 m727.5 m707.3 m711.2 m706.3 m717.4 m751.7 m783 m

EBIT

(14.6 m)25.3 m13.8 m22.1 m50 m70.9 m48.3 m66.4 m

EBIT margin, %

(2%)3%2%3%7%9%6%8%

Interest expense

4.7 m4.8 m4.9 m4.9 m5.1 m4.8 m6 m7.7 m

Income tax expense

6.9 m3.7 m3.3 m3.3 m4 m7.6 m14.1 m9.4 m14.5 m19.5 m14.4 m17.3 m16.4 m

Net Income

32 m(87.7 m)(87.7 m)19.6 m(9.5 m)(260 k)7.2 m(60 k)3.4 m25.9 m40.5 m13.5 m21.1 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

255.5 m176.2 m198.3 m183.5 m

Accounts Receivable

530.5 m478.1 m501.1 m

Current Assets

1.1 b907.6 m777.7 m843.7 m

PP&E

758.7 m669.5 m549 m531 m

Goodwill

240.2 m215.7 m185.3 m186.2 m

Total Assets

2.5 b2.2 b1.9 b2 b

Accounts Payable

185.6 m168.6 m155.3 m139.3 m

Short-term debt

80.9 m59.4 m29.1 m162.8 m

Current Liabilities

798.6 m728.4 m641.8 m753.8 m

Long-term debt

330.5 m373.3 m358.1 m247.6 m

Total Debt

411.4 m432.7 m387.2 m410.4 m

Total Liabilities

1.6 b

Common Stock

48.4 m50 m

Additional Paid-in Capital

566.4 m584.5 m599.6 m618.1 m

Retained Earnings

696.4 m592.9 m561.3 m576 m

Total Equity

779.5 m473.8 m330.6 m354.8 m

Debt to Equity Ratio

0.5 x0.9 x1.2 x1.2 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

3.2 x4.6 x5.9 x5.6 x

Quarterly

USDQ3, 2013Q1, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

242.3 m201.5 m168.8 m181.1 m176.1 m186.8 m169.6 m191.5 m218.7 m207.1 m241.8 m

Accounts Receivable

491.8 m508.2 m508 m503.1 m490 m512.7 m544.7 m570.4 m605.2 m

Current Assets

1.1 b979 m857.9 m897.5 m872.7 m815.2 m829.6 m866.1 m968.8 m1 b1.1 b

PP&E

776.3 m736.9 m614.6 m571.2 m542 m552 m539 m534.6 m556.5 m583.6 m613.9 m

Goodwill

253 m241.2 m196 m201.1 m190.9 m192.8 m192.8 m193.5 m194.9 m227.4 m407 m

Total Assets

2.7 b2.3 b2.1 b2 b2 b2 b2 b2 b2.2 b2.3 b2.7 b

Accounts Payable

168.1 m167 m127.3 m146.2 m143.2 m133 m126.6 m119.5 m139.7 m144.9 m156.5 m

Short-term debt

76.5 m59.3 m47 m40.5 m47.4 m50.7 m77.2 m80.5 m156.4 m175.7 m144 m

Current Liabilities

829.5 m738 m625.4 m655.6 m645.7 m620.6 m655.5 m647.1 m759.5 m843.1 m940.9 m

Long-term debt

419.8 m386.4 m422.4 m411.5 m395.6 m404.9 m373 m380.5 m338.3 m362.8 m574.4 m

Total Debt

496.3 m445.7 m469.4 m452 m443 m455.6 m450.2 m461 m494.7 m538.5 m718.4 m

Total Liabilities

2.1 b1.7 b1.6 b1.6 b1.6 b1.6 b1.6 b1.6 b1.7 b1.8 b2.2 b

Common Stock

48.3 m48.4 m48.6 m48.8 m48.9 m49.2 m49.5 m49.9 m50.4 m

Additional Paid-in Capital

561 m572.2 m589.7 m595.8 m594.3 m599 m606.4 m615.3 m614.5 m620.4 m623.5 m

Retained Earnings

660.4 m633 m585 m567.1 m569.9 m553.4 m548.6 m568.1 m605.7 m612.3 m624.6 m

Total Equity

589.4 m695.7 m421.2 m408 m376.6 m350 m358.1 m392 m421.2 m442.8 m480.3 m

Financial Leverage

4.6 x3.4 x4.9 x5 x5.2 x5.7 x5.6 x5.2 x5.1 x5.2 x5.6 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

81.1 m(114.8 m)(28.2 m)44.8 m

Depreciation and Amortization

173.6 m161.9 m139.9 m131.6 m

Accounts Receivable

(73 m)(91 m)

Cash From Operating Activities

201.5 m141.3 m208.8 m167.5 m

Purchases of PP&E

(18.1 m)(4.6 m)(700 k)

Capital Expenditures

(177.7 m)(136.1 m)(101.1 m)(112.2 m)

Cash From Investing Activities

(123 m)(94 m)(103.7 m)(108.9 m)

Cash From Financing Activities

(6 m)3.3 m(49 m)(44.9 m)

Free Cash Flow

379.2 m277.4 m309.9 m55.3 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

31.1 m(87.7 m)(87.7 m)(68.1 m)(9.5 m)(35.9 m)(28.7 m)(500 k)2.9 m28.8 m40.5 m

Depreciation and Amortization

132.6 m43.6 m86.2 m127.5 m36.7 m73.2 m106.3 m32.2 m65.1 m97.5 m33.9 m

Accounts Receivable

(101.1 m)(39.4 m)(77.7 m)(81.7 m)(16.8 m)(35.4 m)544.7 m

Accounts Payable

139.7 m

Cash From Operating Activities

104.4 m30.6 m47.6 m72.5 m(23.4 m)42.6 m90.8 m(37.8 m)13.4 m57 m26.9 m

Purchases of PP&E

(18.1 m)(4.9 m)(14.2 m)

Capital Expenditures

(124.3 m)(24.3 m)(56.9 m)(83.8 m)(14.3 m)(35.2 m)(61.2 m)(20.8 m)(45 m)(72.4 m)(27.8 m)

Cash From Investing Activities

(131.6 m)(28.6 m)(58.8 m)(30.2 m)(7.4 m)(32.8 m)(63.8 m)(24.1 m)(42.9 m)(68.9 m)(49.2 m)

Cash From Financing Activities

83.1 m40.2 m74.6 m34.1 m40.6 m11.3 m(400 k)48.5 m22.7 m26.6 m51.3 m

Free Cash Flow

(19.9 m)6.3 m(9.3 m)(11.3 m)(37.7 m)7.4 m29.6 m(58.6 m)(31.6 m)(15.4 m)(900 k)

Ratios

USDY, 2017

EV/EBIT

70.3 x

EV/CFO

173.5 x

EV/FCF

-5.2 k x

Revenue/Employee

14 k

Financial Leverage

5.6 x