Selected Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information [Text Block]

Note 25 – Selected Quarterly Financial Data (unaudited)

			2014 Quarters					2013 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		$	949.6	859.0	872.5	881.2	$	910.3	929.0	942.1	997.2
Operating profit			(73.7)	8.7	61.2	(23.7)		15.2	31.7	56.9	59.4
Amounts attributable to Brink’s:
Income (loss) from:
	Continuing operations	$	(59.0)	0.9	28.8	(25.5)	$	1.6	12.1	28.4	23.9
	Discontinued operations		0.5	0.7	(8.6)	(21.7)		(18.2)	(3.4)	(4.6)	17.0
Net income (loss) attributable to Brink’s		$	(58.5)	1.6	20.2	(47.2)	$	(16.6)	8.7	23.8	40.9

Depreciation and amortization		$	41.9	40.9	39.7	39.4	$	40.2	40.4	40.4	44.8
Capital expenditures			23.8	32.3	26.3	53.7		32.5	43.6	43.1	53.7

Earnings (loss) per share attributable to Brink’s common shareholders:
Basic
	Continuing operations	$	(1.21)	0.02	0.59	(0.52)	$	0.03	0.25	0.58	0.49
	Discontinued operations		0.01	0.01	(0.17)	(0.44)		(0.37)	(0.07)	(0.09)	0.35
	Net income (loss)	$	(1.20)	0.03	0.41	(0.96)	$	(0.34)	0.18	0.49	0.84

Diluted
	Continuing operations	$	(1.21)	0.02	0.58	(0.52)	$	0.03	0.25	0.58	0.49
	Discontinued operations		0.01	0.01	(0.17)	(0.44)		(0.37)	(0.07)	(0.09)	0.35
	Net income (loss)	$	(1.20)	0.03	0.41	(0.96)	$	(0.34)	0.18	0.49	0.83

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 early 2015, we sold a small Mexican parcel delivery business. In 2014, we completed the divestures of cash-in-transit operations in the Netherlands, Australia and Puerto Rico. 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.

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

Significant pretax items in a quarter. In the first quarter of 2014, we recognized a $121.9 million remeasurement loss related to our change in March 2014 from the official exchange rate in Venezuela to the SICAD II exchange rate mechanism in Venezuela. In the third quarter of 2014, we recognized a $44.3 million gain on the sale of a noncontrolling interest in a Peruvian cash-in-transit business. In the fourth quarter of 2014, we recognized a $56.1 million pension settlement charge related to a lump-sum buy-out offer and a $21.8 million severance charge related to the reorganization and restructuring of our global organization.

In the first quarter of 2013, we recognized a $13.4 million remeasurement loss related to the 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.

- 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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