The Brink's Company (BCO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 28.7M | 373.6M | 122.1M | 204M | -60.2M | 369.8M | 58.4M | -66.1M | 63.9M | 409.4M | 187.7M | 150.4M | -45.1M | 279.4M | 159.4M | 117.4M | -76.3M | 204.4M | 192.6M | 82.5M |
| Operating CF Margin % | 2.09% | 27.09% | 9.15% | 15.69% | -4.83% | 29.25% | 4.64% | -5.27% | 5.17% | 32.87% | 15.29% | 12.37% | -3.8% | 23.46% | 14.02% | 10.35% | -7.1% | 18.61% | 17.91% | 7.87% |
| Operating CF Growth % | 147.67% | 1.03% | 109.08% | 408.62% | -194.21% | -9.67% | -68.89% | -143.95% | 241.69% | 46.53% | 17.75% | 28.11% | 40.89% | 36.69% | -17.24% | 42.3% | -4986.67% | -11.25% | 30.66% | 212.4% |
| Net Income | 32.1M | 71.3M | 37.6M | 47.4M | 53.9M | 40.8M | 31.9M | 49.8M | 52.2M | -6.2M | 49.4M | 35.1M | 18.3M | 52.9M | 22.6M | 38.1M | 74.2M | 52M | 19M | 24M |
| Depreciation & Amortization | 79.7M | 82.1M | 78.2M | 59.8M | 70.7M | 73M | 74.8M | 73.1M | 72.4M | 69.5M | 69.1M | 69.6M | 67.6M | 65.9M | 58.6M | 60.3M | 61M | 61.4M | 61.6M | 61.7M |
| Stock-Based Compensation | 0 | 7.3M | 5M | 8M | 5.7M | 12.4M | 7.5M | 7.3M | 9.3M | 6.5M | 6.4M | 8.3M | 10.9M | 12.3M | 14.3M | 14.9M | 7.1M | 5.2M | 0 | 0 |
| Deferred Taxes | -8.7M | 5.5M | 15.7M | -200K | 300K | -10.8M | -7.3M | -2.4M | 2.5M | 19M | -3.4M | 7.3M | -200K | -5M | -1.4M | 2.3M | -58.2M | 20.8M | -1.1M | -3.3M |
| Other Non-Cash Items | 11.1M | 6.2M | 13.2M | 16M | -2.1M | -18M | -27.4M | -10.3M | 3.9M | 72.7M | 13.5M | 8.5M | 16M | -1.1M | 20.2M | 13.5M | 27.4M | 8.2M | 23.8M | 3.4M |
| Working Capital Changes | -85.5M | 201.2M | -27.6M | 73M | -188.7M | 272.4M | -21.1M | -183.6M | -76.4M | 247.9M | 52.7M | 21.6M | -157.7M | 154.4M | 45.1M | -11.7M | -187.8M | 56.8M | 89.3M | -3.3M |
| Change in Receivables | -78.1M | 46.9M | 16.4M | -11.7M | -53.1M | 106.8M | -1.4M | -16.2M | -73.6M | 38.2M | 25M | 10.4M | -4.6M | -2.1M | 3.1M | -97.7M | -81.1M | 30.8M | -15.5M | -11.9M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25.6M | -53M | -2.5M | 81.1M | -30.5M | -61.8M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 4.4M | 42.4M | 0 | 6.3M | -91.1M | 0 | 62.2M | 0 | -44.1M | 24.7M | 28M | -7.9M | -81.1M | 30.5M | 58.7M | 0 | 0 | 0 | 46.7M | 4.5M |
| Cash from Investing | -36.2M | -2.8M | -42M | -108.9M | -48.7M | -34.8M | -65M | -70.6M | -45.8M | -32.5M | -3.3M | -87M | -57.6M | -219.1M | -9.6M | -50.5M | -52M | -64.4M | -10.4M | -241.4M |
| Capital Expenditures | -40.1M | -47.7M | -44.7M | -51.8M | -58.9M | -62.6M | -51M | -56.7M | -52.2M | -69.6M | -43.7M | -44.2M | -45.2M | 131.5M | -48.1M | -46.4M | -37M | -53.4M | -40.5M | -41M |
| CapEx % of Revenue | 2.92% | 3.46% | 3.35% | 3.98% | 4.72% | 4.95% | 4.05% | 4.52% | 4.22% | 5.59% | 3.56% | 3.63% | 3.81% | 11.04% | 4.23% | 4.09% | 3.45% | 4.86% | 3.77% | 3.91% |
| Acquisitions | 3.3M | 0 | -700K | 0 | -5.3M | -4.7M | 0 | -15.1M | 700K | 10.6M | 4.7M | 44.2M | 1.1M | -159.7M | -200K | -2.6M | -11.4M | 400K | -1.1M | -200.6M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -500K | 126.6M | 12.7M | -11.9M | 12.3M | 28.9M | -53.5M | 200K | 3.4M | -11.1M | -200K | -42.6M | -100K | -166.9M | 1.2M | 800K | 1.2M | 1.2M | 0 | -100K |
| Cash from Financing | -151.8M | 102M | -178M | 86M | -124.1M | -57.3M | 400K | 100.4M | -1.3M | 300K | -153.1M | 42.8M | -97.1M | -46.7M | 155.4M | 37.7M | 98.8M | -63.3M | -79.8M | 219M |
| Debt Issued (Net) | -93M | 174M | -139.7M | 184.5M | -43.8M | 34.5M | 78.2M | 164M | 48.5M | 69.5M | -51.1M | 61.2M | -60.8M | -11.4M | 203.1M | 62.5M | 112.4M | 95.9M | -16.1M | 228.9M |
| Equity Issued (Net) | -30M | -55.8M | -23.6M | -85.2M | -44.8M | -78.3M | -59.6M | -42.7M | -23M | -64.6M | -88.2M | -1.5M | -16M | -26.9M | -27.3M | 0 | 0 | -150M | -50M | 2.3M |
| Dividends Paid | -10.5M | -10.6M | -10.6M | -10.7M | -10.4M | -10.5M | -10.7M | -10.8M | -9.8M | -9.9M | -10.2M | -10.2M | -9.3M | -9.3M | -9.4M | -9.4M | -9.5M | -9.9M | -9.9M | -10M |
| Share Repurchases | -30.2M | -55.8M | -23.6M | -85.2M | -44.8M | -78.3M | -59.6M | -42.7M | -23M | -64.2M | -88.2M | -1.5M | -16M | -24.9M | -27.3M | 0 | 0 | -150M | -50M | 0 |
| Other Financing | -18.3M | -5.6M | -4.1M | -2.6M | -25.1M | -3M | -7.5M | -10.1M | -17M | 5.3M | -3.6M | -6.7M | -11M | 900K | -11M | -15.4M | -4.1M | 700K | -3.8M | -2.2M |
| Net Change in Cash | -171.4M | 465M | -100.2M | 261.8M | -200.1M | 201.6M | 20.8M | -62.6M | -3M | 363.1M | -3.1M | 105.2M | -192.1M | 61.6M | 247M | 55.7M | -40.5M | 64.2M | 81.1M | 69.1M |
| Free Cash Flow | -11.4M | 325.9M | 77.4M | 152.2M | -119.1M | 307.2M | 7.4M | -122.8M | 11.7M | 339.8M | 144M | 106.2M | -90.3M | 410.9M | 111.3M | 71M | -113.3M | 151M | 152.1M | 41.5M |
| FCF Margin % | -0.83% | 23.63% | 5.8% | 11.7% | -9.55% | 24.3% | 0.59% | -9.8% | 0.95% | 27.28% | 11.73% | 8.73% | -7.62% | 34.5% | 9.79% | 6.26% | -10.55% | 13.75% | 14.14% | 3.96% |
| FCF Growth % | 90.43% | 6.09% | 945.95% | 223.94% | -1117.95% | -9.59% | -94.86% | -215.63% | 112.96% | -17.3% | 29.38% | 49.58% | 20.3% | 172.12% | -26.82% | 71.08% | -229.36% | -23.58% | 24.47% | 142.74% |
| FCF per Share | -0.27 | 7.74 | 1.84 | 3.59 | -2.74 | 6.96 | 0.17 | -2.72 | 0.26 | 7.64 | 3.06 | 2.25 | -1.91 | 8.65 | 2.34 | 1.49 | -2.35 | 3.08 | 3.02 | 0.82 |
| FCF Conversion (FCF/Net Income) | 0.89x | 5.49x | 3.36x | 4.67x | -1.17x | 9.61x | 2.02x | -1.43x | 1.30x | -81.88x | 4.12x | 4.69x | -3.01x | 6.21x | 8.30x | 3.34x | -1.07x | 4.12x | 10.14x | 3.45x |
| Interest Paid | 0 | 0 | 42.1M | 79.9M | 52.9M | 62.4M | 0 | 56.7M | 68M | 34.6M | 51.2M | 50.9M | 59.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 40.8M | 28.2M | 28.3M | 25.8M | 27.8M | 40.3M | 28.2M | 21.8M | 19.8M | 31.4M | 23.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |