Selected Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Quarterly Financial Information [Text Block]


			2013 Quarters					2012 Quarters
(In millions, except for per share amounts)			1^st	2^nd	3^rd	4^th		1^st	2^nd	3^rd	4^th

Revenues		$	950.5	969.9	982.4	1,039.4	$	917.1	914.6	926.2	977.1
Segment operating profit			34.3	54.4	79.9	84.2		73.1	52.1	67.0	71.7
Operating profit			17.3	32.8	59.2	62.4		48.8	30.8	45.0	50.4
Amounts attributable to Brink’s:
Income (loss) from:
	Continuing operations	$	2.9	13.2	29.8	26.0	$	22.5	33.6	21.1	34.0
	Discontinued operations		(19.5)	(4.5)	(6.0)	14.9		(5.5)	(3.1)	(7.6)	(6.1)
Net income (loss) attributable to Brink’s		$	(16.6)	8.7	23.8	40.9	$	17.0	30.5	13.5	27.9

Depreciation and amortization		$	42.1	42.2	42.3	47.0	$	38.7	38.2	38.4	40.4
Capital expenditures			33.4	44.8	44.0	55.5		32.0	35.9	44.1	65.9

Earnings (loss) per share attributable to Brink’s common shareholders:
Basic
	Continuing operations	$	0.06	0.27	0.61	0.53	$	0.47	0.69	0.44	0.70
	Discontinued operations		(0.40)	(0.09)	(0.12)	0.31		(0.11)	(0.06)	(0.16)	(0.13)
	Net income	$	(0.34)	0.18	0.49	0.84	$	0.35	0.63	0.28	0.58

Diluted
	Continuing operations	$	0.06	0.27	0.61	0.53	$	0.47	0.69	0.43	0.70
	Discontinued operations		(0.40)	(0.09)	(0.12)	0.30		(0.11)	(0.06)	(0.16)	(0.13)
	Net income	$	(0.34)	0.18	0.49	0.83	$	0.35	0.63	0.28	0.57

Earnings per share. Earnings per share amounts for each quarter are required to be computed independently. As a result, their sum may not equal the annual earnings per share.

Discontinued operations. In 2013, we completed the divestitures of cash-in-transit operations in Poland, Turkey, Hungary, and Germany as well as guarding operations in France and an aviation security services business in Germany. We also sold ICD Limited and its affiliates and Threshold Financial Technology Inc. in Canada in 2013. In 2012, we completed the divestiture of our guarding operations in Morocco.

The results of these operations have been excluded from continuing operations and are reported as discontinued operations for all periods.

Significant items in a quarter.

In the first quarter of 2013, we recognized $13.4 million in foreign currency exchange losses related to a February 2013 devaluation of the official exchange rate in Venezuela. In the same quarter, we also recognized an $18.7 million loss related to a theft in Belgium.

In the second quarter of 2012, we recognized a $20.9 million tax benefit related to a change in retiree healthcare funding strategy. In the third quarter of 2012, we recognized a $7.2 million pretax gain on the sale of real estate in Venezuela.

Note 23 – Selected Quarterly Financial Data (unaudited)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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