Axalta Coating Systems Ltd. (AXTA) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8411,3611,018694770535 
Cash and cash equivalents8411,3611,018694770535 
Restricted cash and investments1133333 
Receivables938870830861870802 
Inventory, net of allowances, customer advances and progress billings670560592613609530 
Inventory670560592613609530 
Prepaid expense1171321311396450 
Total current assets:2,5762,9262,5732,3102,3161,920 
Noncurrent Assets
Finance lease, right-of-use asset6164 
Property, plant and equipment  1,2231,2981,3891,316 
Long-term investments and receivables1011     
Long-term investments1011     
Intangible assets, net (including goodwill)2,8712,4442,4332,5792,6992,091 
Goodwill1,5931,2951,2091,2311,271961 
Intangible assets, net (excluding goodwill)1,2781,1491,2241,3481,4281,130 
Other noncurrent assets585593589489429528 
Other undisclosed noncurrent assets1,1161,120     
Total noncurrent assets:4,6424,2314,2454,3664,5173,935 
TOTAL ASSETS:7,2177,1576,8186,6766,8325,855 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2551,1271,0299981,045892 
Accounts payable657564484523555474 
Accrued liabilities598562545476490418 
Debt805444423828 
Total current liabilities:1,3351,1811,0731,0411,082920 
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7503,8393,7903,8223,8783,236 
Finance lease, liability5861 
Operating lease, liability7976 
Other undisclosed long-term debt and lease obligation3,6123,7023,7903,8223,8783,236 
Liabilities, other than long-term debt594658545503464442 
Deferred tax liabilities, net116141153160 
Deferred income tax liabilities175114 
Liability, pension and other postretirement and postemployment benefits269310285262279249 
Other liabilities1502341451003232 
Total noncurrent liabilities:4,3444,4974,3364,3254,3423,678 
Total liabilities:5,6795,6775,4085,3655,4244,597 
Stockholders' equity
Stockholders' equity attributable to parent1,4931,4331,3541,2051,2761,136 
Common stock252251250245242239 
Treasury stock, value(687)(444)(418)(312)(58)  
Additional paid in capital1,5161,4871,4741,4101,3551,294 
Accumulated other comprehensive loss(414)(425)(396)(336)(241)(350) 
Retained earnings (accumulated deficit)827563443199(21)(47) 
Stockholders' equity attributable to noncontrolling interest464755105132122 
Total stockholders' equity:1,5391,4801,4101,3111,4081,258 
TOTAL LIABILITIES AND EQUITY:7,2177,1576,8186,6766,8325,855 

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,4163,7384,4824,6964,3774,097 
Revenue, net4,3534,074 
Cost of revenue
(Cost of Goods and Services Sold)
(2,987)(2,458)(2,918)(3,106)(2,780)(2,528) 
Gross profit:1,4291,2801,5641,5901,5971,570 
Operating expenses(801)(750)(963)(1,032)(1,063)(1,078) 
Other undisclosed operating loss(165)(224)(113)(115)(172)(83) 
Operating income:462306488442362408 
Nonoperating income (expense)12(33)4(15)(26)(143) 
Other nonoperating income (expense)1581343(5) 
Interest and debt expense(134)(150)(163)(160)(147)(178) 
Income from continuing operations before income taxes:34112233026819087 
Income tax expense(76)(0)(77)(54)(142)(40) 
Net income:2641222532134848 
Net loss attributable to noncontrolling interest(1)(0)(4)(6)(11)(6) 
Net income available to common stockholders, diluted:2641222492073742 

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2641222532134848 
Other comprehensive income (loss)10(31)(56)(98)112(81) 
Comprehensive income (loss):27492196116159(34) 
Comprehensive income (loss), net of tax, attributable to noncontrolling interest01(7)(3)(13)(6) 
Comprehensive income (loss), net of tax, attributable to parent:27492190113146(39) 

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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