XML 42 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (35.9) $ (87.7)
Adjustments to reconcile net loss to net cash provided by operating activities:    
(Income) loss from discontinued operations, net of tax 2.3 (1.2)
Depreciation and amortization 73.2 82.8
Share-based compensation expense 8.5 13.5
Deferred income taxes (4.1) (23.1)
Sales of available-for-sale securities (0.1) (0.1)
Sales of property and other assets (0.5) (0.5)
Venezuela impairment 34.5 0.0
Other impairment losses 1.3 0.0
Retirement benefit funding (more) less than expense:    
Pension 2.9 (21.6)
Other than pension 5.1 2.1
Loss on Venezuela currency devaluation 18.2 122.2
Other operating 3.4 3.2
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (35.4) (80.1)
Accounts payable, income taxes payable and accrued liabilities (15.4) 33.6
Customer obligations 6.7 9.4
Prepaid and other current assets (19.3) 1.0
Other (0.8) (7.5)
Discontinued operations (2.0) 1.6
Net cash provided by operating activities 42.6 47.6
Cash flows from investing activities:    
Capital expenditures (35.2) (56.1)
Sale of available-for-sale securities 0.4 1.3
Cash proceeds from sale of property, equipment and investments 0.6 1.6
Other (0.5) (0.1)
Discontinued operations 1.9 (5.5)
Net cash used by investing activities (32.8) (58.8)
Cash flows from financing activities:    
Short-term debt (12.4) 3.9
Long-term revolving credit facilities (20.0) 104.2
Borrowings 82.1 6.1
Repayments (25.8) (22.7)
Debt financing costs (2.0) 0.0
Dividends to:    
Shareholders of Brink’s (9.7) (9.7)
Noncontrolling interests in subsidiaries (4.1) (6.2)
Proceeds from exercise of stock options 3.6 0.2
Minimum tax withholdings associated with share-based compensation (0.8) (0.7)
Other 0.4 (0.5)
Net cash provided by financing activities 11.3 74.6
Effect of exchange rate changes on cash (16.2) (94.2)
Cash and cash equivalents:    
Increase (decrease) 4.9 (30.8)
Balance at beginning of period 176.2 255.5
Balance at end of period $ 181.1 $ 224.7