← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.1b | $4.4b | $4.7b | $4.5b | $3.7b | $4.4b | $4.9b | $5.2b | $5.3b | $5.1b | |
| Cost of Revenue | $2.5b | $2.8b | $3.1b | $2.9b | $2.5b | $3.0b | $3.5b | $3.6b | $3.5b | $3.4b | |
| Gross Profit (Calculated) | $1.6b | $1.6b | $1.6b | $1.6b | $1.3b | $1.4b | $1.4b | $1.6b | $1.8b | $1.8b | |
| Operating Income (Loss) | $408.3m | $362.3m | $442.1m | $488.2m | $305.5m | $462.4m | $423.2m | $587.5m | $706.0m | $735.0m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $83.4m | $101.2m | $115.4m | $113.1m | $113.2m | $121.4m | $125.3m | $88.5m | $92.0m | $98.0m | |
| 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) | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $31.9m | $41.8m | $194.8m | $223.4m | $85.4m | $173.3m | $137.9m | $149.8m | $203.0m | $29.0m | |
| Income (Loss) from Equity Method Investments | $200k | $1.0m | $300k | $300k | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $87.4m | $189.6m | $267.5m | $330.0m | $122.2m | $340.5m | $257.3m | $354.7m | $496.0m | $546.0m | |
| 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) Attributable to Noncontrolling Interest | $5.8m | $11.0m | $6.2m | $3.6m | $400k | $500k | $600k | $1.1m | $0 | $1.0m | |
| Earnings Per Share, Basic | $0.18 | $0.15 | $0.87 | $1.06 | $0.52 | $1.14 | $0.86 | $1.21 | $1.78 | $1.75 | |
| Earnings Per Share, Diluted | $0.17 | $0.15 | $0.85 | $1.06 | $0.52 | $1.14 | $0.86 | $1.21 | $1.78 | $1.74 | |
| Weighted Average Number of Shares Outstanding, Basic | 238.1m | 240.4m | 239.0m | 233.9m | 235.2m | 231.0m | 221.7m | 221.0m | 219.3m | 216.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 244.4m | 246.1m | 242.9m | 235.8m | 236.0m | 231.9m | 222.3m | 221.9m | 220.4m | 217.0m | |
| Selling, General and Administrative Expense | $962.5m | $997.7m | $959.1m | $822.1m | $695.0m | $738.7m | $772.4m | $840.1m | $847.0m | $805.0m | |
| Other Nonoperating Income (Expense) | ($4.7m) | $2.7m | $3.7m | $12.9m | $8.2m | $15.4m | $3.8m | $13.1m | $11.0m | $4.0m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $205.0m | $176.0m | |
| Current Income Tax Expense (Benefit) | $54.0m | $50.2m | $48.1m | $61.7m | $55.6m | $61.1m | $68.5m | $94.6m | $122.0m | $122.0m | |
| Interest Expense | $178.2m | $147.0m | $159.6m | $162.6m | $149.9m | $134.2m | $139.8m | $213.3m | — | $176.0m | |
| Nonoperating Income (Expense) | ($142.7m) | ($25.7m) | ($15.0m) | $4.4m | ($33.4m) | $12.3m | ($26.1m) | ($19.5m) | ($5.0m) | ($13.0m) | |
| Other Cost and Expense, Operating | — | — | — | — | — | — | — | $28.4m | — | — | |
| Other General Expense | — | — | — | $70.7m | — | — | — | — | — | — | |
| Research and Development Expense | $57.7m | $65.3m | $73.1m | $70.2m | $55.2m | $62.4m | $66.4m | $74.0m | $74.0m | $71.0m | |
| Restructuring Costs | — | — | — | — | — | — | — | $6.8m | $1.0m | $6.0m | |
| Income Tax Expense (Benefit) | $39.8m | $141.9m | $54.2m | $77.4m | $200k | $76.1m | $65.1m | $86.2m | $105.0m | $167.0m | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | — | — | — | — | — | $9.2m | $9.0m | $12.0m | |
| Other Operating Income (Expense), Net | $408.3m | $362.3m | $442.1m | $488.2m | $305.5m | $462.4m | ($31.5m) | $587.5m | ($79.0m) | ($53.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.