← Axalta Coating Systems Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $41.8m | $36.7m | $207.1m | $249.0m | $121.6m | $263.9m | $191.6m | $267.4m | $391.0m | $378.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $47.6m | $47.7m | $213.3m | $252.6m | $122.0m | $264.4m | $192.2m | $268.5m | $391.0m | $379.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $5.8m | $11.0m | $6.2m | $3.6m | $400k | $500k | $600k | $1.1m | $0 | $1.0m | |
| Depreciation, Depletion and Amortization | $322.1m | $347.5m | $369.1m | $353.0m | $320.3m | $316.5m | $303.1m | $275.6m | $280.0m | $295.0m | |
| Amortization of Debt Issuance Costs and Discounts | $17.8m | $8.0m | $8.0m | $8.8m | $9.0m | $8.9m | $9.6m | $8.5m | $7.0m | $8.0m | |
| Amortization of Intangible Assets | $83.4m | $101.2m | $115.4m | $113.1m | $113.2m | $121.4m | $125.3m | $88.5m | $92.0m | $98.0m | |
| Depreciation | $176.8m | $176.6m | $183.4m | $169.9m | $137.2m | $127.7m | $117.3m | $120.8m | $127.0m | $131.0m | |
| Deferred Income Tax Expense (Benefit) | ($14.2m) | $91.7m | $6.1m | $15.7m | ($55.4m) | $15.0m | ($3.4m) | ($8.4m) | ($17.0m) | $45.0m | |
| Share-based Payment Arrangement, Noncash Expense | $41.1m | $38.5m | $37.3m | $15.7m | $15.1m | $14.9m | $22.2m | $26.2m | $28.0m | $25.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $300k | — | — | $3.0m | |
| Share-based Payment Arrangement, Expense | $41.1m | $38.5m | $37.3m | $15.7m | $15.1m | $14.9m | $22.2m | $26.2m | $28.0m | $25.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $19.7m | $1.5m | $300k | $0 | $6.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($136.2m) | ($125.0m) | ($143.4m) | ($112.5m) | ($82.1m) | $8.9m | ($150.9m) | ($137.9m) | ($140.0m) | ($196.0m) | |
| Gain (Loss) on Extinguishment of Debt | ($97.6m) | ($13.4m) | ($9.5m) | ($200k) | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $200k | $1.0m | $300k | $300k | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $39.8m | $141.9m | $54.2m | $77.4m | $200k | $76.1m | $65.1m | $86.2m | $105.0m | $167.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $205.0m | $176.0m | |
| Other Nonoperating Income (Expense) | ($4.7m) | $2.7m | $3.7m | $12.9m | $8.2m | $15.4m | $3.8m | $13.1m | $11.0m | $4.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $1.7m | $19.9m | $48.1m | ($10.8m) | ($39.6m) | $111.6m | $195.4m | ($103.1m) | ($12.0m) | ($33.0m) | |
| Increase (Decrease) in Accounts Payable | $32.3m | $39.8m | $49.5m | $18.2m | $103.0m | $140.1m | $138.0m | $9.4m | ($49.0m) | ($77.0m) | |
| Deconsolidation, Gain (Loss), Amount | — | ($70.9m) | $0 | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($35.5m) | $3.6m | ($17.3m) | ($5.9m) | ($3.9m) | ($10.1m) | ($15.5m) | ($21.4m) | ($11.0m) | ($31.0m) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($30.6m) | ($7.4m) | ($9.2m) | ($8.3m) | ($7.2m) | ($2.9m) | ($15.2m) | ($22.7m) | ($11.0m) | ($15.0m) | |
| Goodwill | $961.0m | $1.3b | $1.2b | $1.2b | $1.3b | $1.6b | $1.5b | $1.6b | $1.6b | $1.8b | |
| Nonoperating Income (Expense) | ($142.7m) | ($25.7m) | ($15.0m) | $4.4m | ($33.4m) | $12.3m | ($26.1m) | ($19.5m) | ($5.0m) | ($13.0m) | |
| Payments of Financing Costs | — | — | — | — | — | — | — | $16.6m | — | — | |
| Proceeds from Stock Options Exercised | $16.7m | $24.8m | $17.4m | $50.3m | $4.3m | $14.4m | — | — | $8.0m | $1.0m | |
| Restructuring Costs | — | — | — | — | — | — | — | $6.8m | $1.0m | $6.0m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | ($31.5m) | — | ($79.0m) | ($53.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $559.3m | $540.0m | $496.1m | $573.1m | $509.3m | $558.6m | $293.8m | $575.3m | $576.0m | $649.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $136.2m | $125.0m | $143.4m | $112.5m | $82.1m | $121.6m | $150.9m | $137.9m | $140.0m | $196.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $114.8m | $564.4m | $82.8m | $3.3m | $1.0m | $649.0m | $3.0m | $106.3m | $301.0m | $48.0m | |
| Payments for (Proceeds from) Other Investing Activities | $6.0m | ($4.1m) | ($5.1m) | $1.0m | ($2.7m) | $1.2m | $1.1m | $800k | ($8.0m) | ($29.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($257.0m) | ($689.6m) | ($216.1m) | ($93.9m) | ($61.5m) | ($716.0m) | ($106.4m) | ($205.7m) | ($440.0m) | ($212.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | — | $333.0m | $0 | |
| Repayments of Long-term Debt | $1.8b | $50.0m | $511.3m | $27.6m | $1.2b | $26.9m | $2.0b | $904.3m | $420.0m | $230.0m | |
| Payments for Repurchase of Common Stock | — | $58.4m | $253.8m | $105.3m | $26.0m | $243.8m | $200.1m | $50.0m | $100.0m | $165.0m | |
| Proceeds from (Payments for) Other Financing Activities | ($200k) | $0 | — | — | — | ($1.2m) | ($100k) | ($300k) | ($1.0m) | ($1.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($232.6m) | $367.3m | ($368.2m) | ($158.4m) | ($130.9m) | ($334.5m) | ($368.9m) | ($315.0m) | ($201.0m) | ($401.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($19.3m) | $17.1m | ($15.2m) | $3.3m | $26.6m | ($20.9m) | ($14.8m) | ($6.4m) | ($42.0m) | $28.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $772.9m | $696.4m | $1.0b | $1.4b | $851.2m | $654.9m | $703.1m | $596.0m | $660.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $169.4m | $130.1m | $152.4m | $156.9m | $151.7m | $118.1m | $126.8m | $212.5m | $198.0m | $172.0m | |
| Income Taxes Paid, Net | $39.2m | $61.7m | $57.4m | $42.2m | $25.9m | $57.9m | $63.0m | $96.7m | $131.0m | $107.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.