Is This Brink’s Company’s Response To Activist Jeff Smith?

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89 Non‐GAAP Other The Brink’s Company and subsidiaries Non-GAAP Reconciliations – Other Amounts (Unaudited) (In millions) Amounts Used to Calculate Reinvestment Ratio Fixed Assets Acquired 2011 2014 Capital expenditures – GAAP $ 176.0 136.1 Assets acquired under capital lease – GAAP 43.0 12.1 Fixed assets acquired – GAAP 219.0 148.2 Venezuela fixed asets acquired (11.9) (5.4) Fixed assets acquired – non-GAAP $ 207.1 142.8 Depreciation Depreciation – GAAP $ 131.3 156.6 Venezuela depreciation (6.3) (9.5) Depreciation – non-GAAP $ 125.0 147.1 Reinvestment ratio 1.7 1.0 Cash Available for Corporate Purposes June 30, 2015 Cash and cash equivalents – GAAP $ 181.1 Amounts held by Cash Management Services operations (a) (34.3) Cash and cash equivalents available for corporate purposes – non-GAAP $ 146.8 (a) Title to cash received and processed in certain of our secure Cash Management Services operations transfers to us for a short period of time. The cash is generally credited to customers’ accounts the following day and we do not consider it as available for general corporate purposes in the management of our liquidity and capital resources.
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