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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 74.2 $ 15.4
Adjustments to reconcile net income to net cash used by operating activities:    
Loss from discontinued operations, net of tax 0.1 0.0
Depreciation and amortization 61.0 54.8
Share-based compensation expense 7.1 7.6
Deferred income taxes (58.2) (1.8)
(Gain) loss on sale of property, equipment and marketable securities 0.2 (1.9)
Impairment losses 2.1 1.2
Retirement benefit funding (more) less than expense:    
Pension (0.3) 2.1
Other than pension 2.0 4.2
Remeasurement losses due to Argentina currency devaluations 4.9 3.0
Other operating 18.4 2.7
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable and income taxes receivable (81.1) (24.6)
Accounts payable, income taxes payable and accrued liabilities (4.8) (0.6)
Restricted cash held for customers (52.5) (66.4)
Customer obligations (0.1) 18.4
Prepaid and other current assets (48.4) (15.2)
Other (0.9) (0.4)
Net cash used by operating activities (76.3) (1.5)
Cash flows from investing activities:    
Capital expenditures (37.0) (32.2)
Acquisitions, net of cash acquired (11.4) (108.1)
Purchases (0.5) 0.0
Sales 0.5 0.6
Cash proceeds from sale of property and equipment 1.2 1.9
Net change in loans held for investment (4.8) 0.0
Acquisition of customer contracts 0.0 (0.7)
Net cash used by investing activities (52.0) (138.5)
Cash flows from financing activities:    
Short-term borrowings 3.4 10.5
Long-term revolving credit facilities: Borrowings 1,288.7 399.5
Long-term revolving credit facilities: Repayments (1,153.0) (283.3)
Other long-term debt: Borrowings 3.9 2.6
Other long-term debt: Repayments (30.6) (27.0)
Settlement of acquisition related contingencies 0.0 6.1
Payment of acquisition-related obligation 0.0 (2.9)
Dividends to:    
Shareholders of Brink’s (9.5) (7.4)
Noncontrolling interests in subsidiaries (1.2) (0.4)
Proceeds from exercise of stock options 0.0 2.3
Tax withholdings associated with share-based compensation (3.8) (5.1)
Other 0.9 0.5
Net cash provided by financing activities 98.8 95.4
Effect of exchange rate changes on cash (11.0) (26.0)
Cash, cash equivalents and restricted cash:    
Decrease (40.5) (70.6)
Balance at beginning of period 1,086.7 942.9
Balance at end of period $ 1,046.2 $ 872.3