Supplemental cash flow information

6 Months Ended

Jun. 30, 2020

Supplemental Cash Flow Information [Abstract]



	Six Months Ended June 30,
(In millions)	2020		2019
Cash paid for:
Interest	$	40.9	40.9
Income taxes, net	42.8		31.9

Argentina Currency Conversions

We have elected in the past and could continue in the future to repatriate cash from Brink's Argentina using different means to convert Argentine pesos into U.S. dollars. Conversions under these other market mechanisms have settled at rates that are generally less favorable than the rates at which we remeasured the financial statements of Brink's Argentina. The net cash flows from these transactions are treated as operating cash flows as the financial instruments are purchased specifically for resale and are generally sold within a short period of time from the date of purchase. We did not have any such conversions in the first six months of 2020 or 2019.

Non-cash Investing and Financing Activities

We acquired $19.4 million in armored vehicles and other equipment under financing lease arrangements in the first six months of 2020 compared to $30.5 million in armored vehicles and other equipment acquired under financing lease arrangements in the first six months of 2019.

Restricted Cash (Cash Supply Chain Services)

In France, we offer services to certain of our customers where we manage some or all of their cash supply chains. Providing this service requires our French subsidiary to take temporary title to the cash received from the management of our customers' cash supply chains until the cash is returned to the customers. As part of this service offering, we have entered into lending arrangements with some of our customers. Cash borrowed under these lending arrangements is used in the process of managing these customers' cash supply chains. The cash for which we have temporary title and the cash borrowed under these customer lending arrangements is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering.

In Malaysia, we offer ATM replenishment services to certain of our financial institution customers. Providing this service requires our Malaysia subsidiary to take temporary title to the cash received in advance of ATM replenishment. The cash for which we have temporary title is restricted and cannot be used for any other purpose other than to service our customers who participate in this service offering.

In accordance with a revolving credit facility, we are required to maintain a restricted cash reserve of $5.0 million and, due to this contractual restriction, we have classified this amount as restricted cash.

At June 30, 2020, we held $171.5 million of restricted cash ($10.3 million represented short-term borrowings, $87.4 million represented restricted cash held for customers, and $67.8 million represented accrued liabilities). At December 31, 2019, we held $158.0 million of restricted cash ($10.3 million represented short-term borrowings, $100.3 million represented restricted cash held for customers and $47.4 million represented accrued liabilities).

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows.



	June 30,		December 31,
(In millions)	2020		2019
Cash and cash equivalents	$	531.3	311.0
Restricted cash	171.5		158.0
Total, cash, cash equivalents, and restricted cash in the condensed consolidated statements of cash flows	$	702.8	469.0