XML 42 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 73.6$ 46.6
Adjustments to reconcile net income to net cash provided (used) by operating activities:  
(Income) loss from discontinued operations, net of tax(3.0)0.4
Depreciation and amortization120.5100.0
Stock compensation expense5.35.1
Deferred income taxes(29.4)8.8
Sales of available-for-sale securities(4.4)0
Sales of property and other assets(7.9)(1.2)
Acquisitions of controlling interest of equity-method or cost-method investments(2.5)0
Impairment losses0.80.5
Retirement benefit funding (more) less than expense:  
Pension6.6(4.0)
Other than pension8.411.9
Other operating8.87.7
Changes in operating assets and liabilities, net of effects of acquisitions:  
Accounts receivable(25.7)(29.2)
Accounts payable, income taxes payable and accrued liabilities38.238.1
Prepaid and other current assets(24.1)(34.6)
Other3.42.3
Discontinued operations1.4(9.9)
Net cash provided by operating activities170.0142.5
Cash flows from investing activities:  
Capital expenditures(118.7)(102.5)
Acquisitions(3.0)(13.9)
Available-for-sale secuirties:  
Purchases(0.5)(2.6)
Sales12.61.0
Cash proceeds from sale of property, equipment and investments12.82.5
Short-term investments0(10.2)
Cash settlements of foreign currency derivatives0.10
Other0(5.4)
Net cash used by investing activities(96.7)(131.1)
Cash flows from financing activities:  
Short-term debt(14.8)9.6
Long-term revolving credit facilities(101.5)56.1
Borrowings100.03.6
Repayments(21.3)(14.9)
Cash proceeds from sale-leaseback transactions14.71.2
Debt financing costs(0.7)(2.4)
Repurchase shares of common stock of Brink's0(33.7)
Dividends to:  
Shareholders of Brink's(14.0)(14.3)
Noncontrolling interests in subsidiaries(15.4)(11.9)
Proceeds from exercise of stock options5.11.1
Excess tax benefits associated with stock compensation1.10.5
Minimum tax withholdings associated with stock compensation(2.5)(1.8)
Net cash provided (used) by financing activities(49.3)(6.9)
Effect of exchange rate changes on cash(6.5)1.0
Cash and cash equivalents:  
Increase (decrease)17.55.5
Balance at beginning of period183.0143.0
Balance at end of period$ 200.5$ 148.5