Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information [Text Block]

Note 22 – Selected Quarterly Financial Data (unaudited)

			2011 Quarters					2010 Quarters
(In millions, except per share amounts)			1^st	2^nd	3^rd	4^th		1^st	2^nd	3^rd	4^th

Revenues		$	913.3	979.3	995.8	997.1	$	735.4	729.4	776.1	880.6
Segment operating profit			52.0	36.6	70.1	72.4		34.9	44.1	58.0	71.9
Operating profit			37.0	20.4	62.5	51.4		23.8	31.5	44.1	46.9
Amounts attributable to Brink’s:
Income (loss) from:
	Continuing operations	$	18.9	5.3	31.5	17.3	$	(4.8)	20.7	21.7	19.2
	Discontinued operations		1.1	2.6	(0.7)	(1.5)		(3.4)	0.8	2.2	0.7
Net income (loss) attributable to Brink’s		$	20.0	7.9	30.8	15.8	$	(8.2)	21.5	23.9	19.9

Depreciation and amortization		$	38.8	41.2	40.5	41.9	$	32.3	32.9	34.8	36.6
Capital expenditures			29.4	42.2	47.1	77.5		26.9	34.3	41.3	46.3

Earnings (loss) per share attributable to Brink’s
common shareholders:
Basic
	Continuing operations	$	0.40	0.11	0.66	0.36	$	(0.10)	0.42	0.45	0.40
	Discontinued operations		0.02	0.05	(0.02)	(0.03)		(0.07)	0.02	0.05	0.02
	Net income	$	0.42	0.17	0.64	0.33	$	(0.17)	0.44	0.50	0.42

Diluted
	Continuing operations	$	0.39	0.11	0.66	0.36	$	(0.10)	0.42	0.45	0.40
	Discontinued operations		0.02	0.05	(0.02)	(0.03)		(0.07)	0.02	0.05	0.02
	Net income	$	0.41	0.16	0.64	0.33	$	(0.17)	0.44	0.50	0.42

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.

2011

In the second quarter of 2011, we recognized a $10.1 million settlement charge related to our exit of the Belgium cash-in-transit business. In the third quarter of 2011, we recognized a $6.7 million pretax gain related to the sale of our U.S Document Destruction business. Fourth-quarter 2011 results include a $4.1 million pretax charge related to the retirement of our former CEO.

2010

In the first quarter of 2010, we recognized an income tax charge of $13.7 million related to U.S. healthcare legislation which was enacted in that quarter. Fourth-quarter 2010 results included a $13.4 million charge related to the deconsolidation of our former subsidiary in Belgium and a $8.6 million net loss on our acquisition of a controlling interest of a cash-in-transit business in Mexico.

- 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.

+ References+ Details