Investor Presentation
Non-GAAP Measures and Reconciliations (Cont'd)
|||||BRINKS HOME
($ in millions)
Q1 2019 Q2 2019
Q3 2019 Q4 2019 Q1 2020 Q2 2020
Q3 2020
Q4 2020 Q1 2021
Q2 2021
Q3 2021
Cash Flow From Operations
$48
$26
$19
$21
$27
$29
$37
$36
$21
$13
$16
Cash Flow From Investing
(32)
(36)
(32)
(23)
(25)
(43)
(26)
(33)
(21)
(31)
(24)
Cash Flow From Financing (excl. changes in debt principal, excl. restructuring fees)
(10)
(0)
(3)
0
0
(1)
(2)
(6)
(12)
(9)
Levered FCF
$6
($10)
($13)
($5)
$2
($14)
$9
$2
($7)
($29)
($17)
(+) Cash Interest
25
12
43
21
20
20
20
19
19
19
19
Unlevered FCF
$31
$2
$30
$17
$22
$6
$29
$21
$12
($10)
$2
Income Statement Adjustments
3G
Covid Costs
Insurance & Litigation Recovery
Ascent Restructuring Costs
Refinancing & Restructuring
Total
Balance Sheet Adjustments
Ascent Dividend
Interest Rate Cap
Debt Amendment Fees
Digital Life Related expenses
Digital Life Inventory
Total
Total Adjustments
Post-Emergence Consulting Fees & Deal Closing Costs
26
$10
$23
21117% 1
230
15202
11352
6
10
8
$14
$17
$10
4---2 - 66
$2
$2
$5
$4
$6
$7
$9
$10
$6
1
0
$6
1
3
1
1
1
$6
$11
$10
$11
$7
$5
[t } } ¥ #
E
13 | | |
Adjusted Levered FCF
Adjusted Unlevered FCF
$5
$3
$19
$15
$23
$14
$20
$10
$6
$6
$11
$10
$29
$7
$21
$13
$1
$16
$12
($9)
$15
$13
$4
$0
$
46 $
25
$
44 $
37 $
32 $
11 $
35
$
32 $
22 $
19 $
($10)
9
15852
Protect America and Select Security upfront payments in Q2-20 and Q4-20 respectively, excluded from the adjustments as they are largely recovered within six months.
Free Cash Flow: Cash Flow from Operations, Investing, and Financing (excluding changes in debt principal, and fees related to 2019 restructuring)
38
88View entire presentation