Brink's Co. Files Q2 2024 10-Q
Ticker: BCO · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 78890
| Field | Detail |
|---|---|
| Company | Brinks CO (BCO) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.00, $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: BCO
TL;DR
**BCO Q2 2024 10-Q filed. Financials and operations update.**
AI Summary
The Brink's Company (BCO) filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial figures and business segment information are presented, reflecting the company's ongoing activities in the transportation and security services sector.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for The Brink's Company, crucial for understanding its current business health and future prospects.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial performance and any forward-looking statements within the full report could indicate higher risks.
Key Numbers
- 2024-06-30 — Report End Date (Quarterly financial reporting period)
- 2024-08-07 — Filing Date (Date the report was submitted to the SEC)
- 2024-01-01 to 2024-06-30 — Year-to-Date Period (First six months of fiscal year 2024)
- 2023-01-01 to 2023-06-30 — Prior Year-to-Date Period (First six months of fiscal year 2023 for comparison)
- 2024-04-01 to 2024-06-30 — Second Quarter 2024 (Specific financial data for the second quarter)
Key Players & Entities
- BRINKS CO (company) — Filer
- 0000078890 (company) — Central Index Key
- 20240630 (date) — Period of Report
- 20240807 (date) — Filed as of Date
- PITTSTON CO (company) — Former Company Name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 7, 2024.
What was the company's former name?
The company's former name was PITTSTON CO.
What is the Standard Industrial Classification (SIC) code for The Brink's Company?
The SIC code for The Brink's Company is 4731, related to Arrangement of Transportation of Freight & Cargo.
What are the key fiscal periods covered by the financial data in this filing?
The filing includes data for the period from January 1, 2024, to June 30, 2024, and comparative data for the period from January 1, 2023, to June 30, 2023, as well as the second quarter of 2024 (April 1 to June 30, 2024) and the second quarter of 2023 (April 1 to June 30, 2023).
Filing Stats: 4,664 words · 19 min read · ~16 pages · Grade level 7.8 · Accepted 2024-08-07 07:17:08
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share BCO New York Stock Exchange
- $1 — of August 2, 2024, 44,138,206 shares of $1 par value common stock were outstanding
Filing Documents
- bco-20240630.htm (10-Q) — 2598KB
- ex311q22024.htm (EX-31.1) — 9KB
- ex312q22024.htm (EX-31.2) — 9KB
- ex321q22024.htm (EX-32.1) — 5KB
- ex322q22024.htm (EX-32.2) — 6KB
- 0000078890-24-000270.txt ( ) — 10762KB
- bco-20240630.xsd (EX-101.SCH) — 40KB
- bco-20240630_cal.xml (EX-101.CAL) — 91KB
- bco-20240630_def.xml (EX-101.DEF) — 250KB
- bco-20240630_lab.xml (EX-101.LAB) — 693KB
- bco-20240630_pre.xml (EX-101.PRE) — 477KB
- bco-20240630_htm.xml (XML) — 1993KB
- Financial Information
Part I - Financial Information
Financial Statements
Item 1. Financial Statements THE BRINK'S COMPANY and subsidiaries Condensed Consolidated Balance Sheets (Unaudited) (In millions, except for per share amounts) June 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,189.2 1,176.6 Restricted cash 428.8 507.0 Accounts receivable (net of allowance: 2024 - $ 30.6 ; 2023 - $ 30.4 ) 843.3 779.0 Prepaid expenses and other 357.6 325.7 Total current assets 2,818.9 2,788.3 Right-of-use assets, net 333.9 337.7 Property and equipment (net of accumulated depreciation and amortization: 2024 - $ 1,659.3 ; 2023 - $ 1,620.1 ) 975.2 1,013.3 Goodwill 1,453.8 1,473.8 Other intangibles (net of accumulated amortization: 2024 - $ 298.4 ; 2023 - $ 278.7 ) 456.4 488.3 Deferred tax assets, net 225.7 231.8 Other 297.7 268.6 Total assets $ 6,561.6 6,601.8 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings $ 138.6 151.7 Current maturities of long-term debt 133.1 117.1 Accounts payable 229.7 249.7 Accrued liabilities 1,077.1 1,126.9 Restricted cash held for customers 214.9 298.7 Total current liabilities 1,793.4 1,944.1 Long-term debt 3,475.4 3,262.5 Accrued pension costs 136.7 148.5 Retirement benefits other than pensions 163.3 159.6 Lease liabilities 259.8 265.8 Deferred tax liabilities 59.3 56.5 Other 227.1 244.6 Total liabilities 6,115.0 6,081.6 Commitments and contingent liabilities (notes 4, 8 and 14) Equity: The Brink's Company ("Brink's") shareholders: Common stock, par value $ 1 per share: Shares authorized: 100.0 Shares issued and outstanding: 2024 - 44.2 ; 2023 - 44.5 44.2 44.5 Capital in excess of par value 666.3 675.9 Retained earnings 354.0 333.0 Accumulated other comprehensive income (loss) ( 744.0 ) ( 656.0 ) Brink's shareholders 320.5 397.4 Noncontrolling interests 126.1 122.8 Total equity 446.6 520.2 Total liabilities and equity $ 6,561.6 6,601.8 See accompanying notes to condensed consolidated financial statements.