Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information [Text Block]

Note 22 – Selected Quarterly Financial Data (unaudited)

			2012 Quarters					2011 Quarters
(In millions, except per share amounts)			1^st	2^nd	3^rd	4^th		1^st	2^nd	3^rd	4^th

Revenues		$	940.7	941.4	953.5	1,006.5	$	884.7	947.8	965.5	968.3
Segment operating profit			71.0	51.9	65.2	72.0		58.5	49.8	74.2	76.8
Operating profit			46.7	30.6	43.2	50.7		43.5	33.6	66.6	55.8
Amounts attributable to Brink’s:
Income (loss) from:
	Continuing operations	$	20.9	33.8	19.5	32.6	$	23.6	14.0	35.6	23.3
	Discontinued operations		(3.9)	(3.3)	(6.0)	(4.7)		(3.6)	(6.1)	(4.8)	(7.5)
Net income (loss) attributable to Brink’s		$	17.0	30.5	13.5	27.9	$	20.0	7.9	30.8	15.8

Depreciation and amortization		$	41.0	40.6	41.0	42.9	$	37.2	39.6	39.0	40.8
Capital expenditures			33.5	36.7	47.4	66.9		28.9	40.8	46.6	75.7

Earnings (loss) per share attributable to Brink’s
common shareholders:
Basic
	Continuing operations	$	0.44	0.70	0.40	0.67	$	0.50	0.29	0.74	0.49
	Discontinued operations		(0.08)	(0.07)	(0.12)	(0.10)		(0.08)	(0.13)	(0.10)	(0.16)
	Net income	$	0.35	0.63	0.28	0.58	$	0.42	0.17	0.64	0.33

Diluted
	Continuing operations	$	0.43	0.69	0.40	0.67	$	0.49	0.29	0.74	0.48
	Discontinued operations		(0.08)	(0.07)	(0.12)	(0.10)		(0.08)	(0.13)	(0.10)	(0.16)
	Net income	$	0.35	0.63	0.28	0.57	$	0.41	0.16	0.64	0.33

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 2012, we completed the divestiture of our guarding operations in Morocco, and we agreed to sell our cash-in-transit operations in Germany and Poland as well as event security operations in France. Additionally, our former cash-in-transit operation in Belgium was placed in bankruptcy on February 2, 2011. 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 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.

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 chief executive officer.

- 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