Axalta Coating Systems Ltd. (AXTA) financial statements (2021 and earlier)

Company profile

Business Address TWO COMMERCE SQUARE
PHILADELPHIA, PA 19103
State of Incorp.
Fiscal Year End December 31
SIC 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,018694770535  
Cash and cash equivalents1,018694770535  
Restricted cash and investments3333  
Receivables830861870802  
Inventory, net of allowances, customer advances and progress billings592613609530  
Inventory592613609530  
Prepaid expense1311396450  
Total current assets:2,5732,3102,3161,920  
Noncurrent Assets
Property, plant and equipment1,2231,2981,3891,316  
Intangible assets, net (including goodwill)2,4332,5792,6992,091  
Goodwill1,2091,2311,271961  
Intangible assets, net (excluding goodwill)1,2241,3481,4281,130  
Other noncurrent assets589489429528  
Total noncurrent assets:4,2454,3664,5173,935  
TOTAL ASSETS:6,8186,6766,8325,855  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0299981,045892  
Accounts payable484523555474  
Accrued liabilities545476490418  
Debt44423828  
Total current liabilities:1,0731,0411,082920  
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7903,8223,8783,236  
Other undisclosed long-term debt and lease obligation3,7903,8223,8783,236  
Liabilities, other than long-term debt545503464442  
Deferred tax liabilities, net116141153160  
Liability, pension and other postretirement and postemployment benefits285262279249  
Other liabilities1451003232  
Total noncurrent liabilities:4,3364,3254,3423,678  
Total liabilities:5,4085,3655,4244,597  
Stockholders' equity
Stockholders' equity attributable to parent1,3541,2051,2761,136  
Common stock250245242239  
Treasury stock, value(418)(312)(58)   
Additional paid in capital1,4741,4101,3551,294  
Accumulated other comprehensive loss(396)(336)(241)(350)  
Retained earnings (accumulated deficit)443199(21)(47)  
Stockholders' equity attributable to noncontrolling interest55105132122  
Total stockholders' equity:1,4101,3111,4081,258  
TOTAL LIABILITIES AND EQUITY:6,8186,6766,8325,855  

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,4824,6964,3774,097  
Revenue, net4,3534,074  
Cost of revenue
(Cost of Goods and Services Sold)
(2,918)(3,106)(2,780)(2,528)  
Gross profit:1,5641,5901,5971,570  
Operating expenses(963)(1,032)(1,063)(1,078)  
Other undisclosed operating loss(113)(115)(172)(83)  
Operating income:488442362408  
Nonoperating income (expense)4(15)(26)(143)  
Other nonoperating income (expense)1343(5)  
Interest and debt expense(163)(160)(147)(178)  
Income from continuing operations before income taxes:33026819087  
Income tax expense(77)(54)(142)(40)  
Net income:2532134848  
Net loss attributable to noncontrolling interest(4)(6)(11)(6)  
Net income available to common stockholders, diluted:2492073742  

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2532134848  
Other comprehensive income (loss)(56)(98)112(81) 12
Comprehensive income (loss):196116159(34) 12
Comprehensive loss, net of tax, attributable to noncontrolling interest(7)(3)(13)(6)  
Comprehensive income (loss), net of tax, attributable to parent:190113146(39) 12

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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