BRINKS CO
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Other Operating Income and Expense
Amounts below represent consolidated other operating income and expense.
| Years Ended December 31, · % change | |||||
|---|---|---|---|---|---|
| (In millions, except for percentages) | 2024 | 2023 | 2022 | 2024 | 2023 |
| Foreign currency items: | |||||
| Transaction gains (losses) | $16.5 | (85.1) | (68.7) | fav | 24 |
| Derivative instrument gains (losses) | (11.0) | 21.3 | 42.0 | unfav | (49) |
| Royalty income | 8.0 | 7.5 | 9.1 | 7 | (18) |
| Impairment losses | (4.8) | (10.3) | (9.0) | (53) | 14 |
| Indemnification asset adjustments | (2.4) | (3.4) | (7.8) | (29) | (56) |
| Contingent consideration liability adjustments | — | 6.2 | — | (100) | fav |
| Gains on sale of property and other assets | 3.9 | 1.9 | 2.7 | fav | (30) |
| Share in earnings of equity method affiliates | 3.0 | 2.8 | 2.1 | 7 | 33 |
| Other | 5.5 | 4.9 | 4.3 | 12 | 14 |
| Other operating income (expense) | $18.7 | (54.2) | (25.3) | fav | unfav |
2024 versus 2023
We reported other operating income of $18.7 million in 2024 versus other operating expense of $54.2 million in the prior year. The change was primarily due to net gains of $5.5 million from foreign currency items in 2024 as compared to net losses of $63.8 million from foreign currency items in 2023. This change was driven primarily by lower currency remeasurement losses in 2024 related to highly inflationary accounting in Argentina. The foreign currency items above do not include business acquisition-related currency items which are reported in interest and other nonoperating income (expense).
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