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)

12/31/2020
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 investments1,3611,018694770535  
Cash and cash equivalents1,3611,018694770535  
Restricted cash and investments33333  
Receivables870830861870802  
Inventory, net of allowances, customer advances and progress billings560592613609530  
Inventory560592613609530  
Prepaid expense1321311396450  
Total current assets:2,9262,5732,3102,3161,920  
Noncurrent Assets
Finance lease, right-of-use asset64 
Property, plant and equipment 1,2231,2981,3891,316  
Long-term investments and receivables11      
Long-term investments11      
Intangible assets, net (including goodwill)2,4442,4332,5792,6992,091  
Goodwill1,2951,2091,2311,271961  
Intangible assets, net (excluding goodwill)1,1491,2241,3481,4281,130  
Other noncurrent assets593589489429528  
Other undisclosed noncurrent assets1,120      
Total noncurrent assets:4,2314,2454,3664,5173,935  
TOTAL ASSETS:7,1576,8186,6766,8325,855  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1271,0299981,045892  
Accounts payable564484523555474  
Accrued liabilities562545476490418  
Debt5444423828  
Total current liabilities:1,1811,0731,0411,082920  
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,8393,7903,8223,8783,236  
Finance lease, liability61 
Operating lease, liability76 
Other undisclosed long-term debt and lease obligation3,7023,7903,8223,8783,236  
Liabilities, other than long-term debt658545503464442  
Deferred tax liabilities, net116141153160  
Deferred income tax liabilities114 
Liability, pension and other postretirement and postemployment benefits310285262279249  
Other liabilities2341451003232  
Total noncurrent liabilities:4,4974,3364,3254,3423,678  
Total liabilities:5,6775,4085,3655,4244,597  
Stockholders' equity
Stockholders' equity attributable to parent1,4331,3541,2051,2761,136  
Common stock251250245242239  
Treasury stock, value(444)(418)(312)(58)   
Additional paid in capital1,4871,4741,4101,3551,294  
Accumulated other comprehensive loss(425)(396)(336)(241)(350)  
Retained earnings (accumulated deficit)563443199(21)(47)  
Stockholders' equity attributable to noncontrolling interest4755105132122  
Total stockholders' equity:1,4801,4101,3111,4081,258  
TOTAL LIABILITIES AND EQUITY:7,1576,8186,6766,8325,855  

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,7384,4824,6964,3774,097  
Revenue, net4,3534,074  
Cost of revenue
(Cost of Goods and Services Sold)
(2,458)(2,918)(3,106)(2,780)(2,528)  
Gross profit:1,2801,5641,5901,5971,570  
Operating expenses(750)(963)(1,032)(1,063)(1,078)  
Other undisclosed operating loss(224)(113)(115)(172)(83)  
Operating income:306488442362408  
Nonoperating income (expense)(33)4(15)(26)(143)  
Other nonoperating income (expense)81343(5)  
Interest and debt expense(150)(163)(160)(147)(178)  
Income from continuing operations before income taxes:12233026819087  
Income tax expense(0)(77)(54)(142)(40)  
Net income:1222532134848  
Net loss attributable to noncontrolling interest(0)(4)(6)(11)(6)  
Net income available to common stockholders, diluted:1222492073742  

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1222532134848  
Other comprehensive income (loss)(31)(56)(98)112(81) 12
Comprehensive income (loss):92196116159(34) 12
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(7)(3)(13)(6)  
Comprehensive income (loss), net of tax, attributable to parent:92190113146(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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