Axalta Coating Systems (AXTA) Financials

$31.16 0.00 (-0.01%)

As of 10:22 AM Eastern

Annual Income Statements for Axalta Coating Systems

This table shows Axalta Coating Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	92	39	37	207	249	122	264	192	267	391
Consolidated Net Income / (Loss)	96	45	48	213	253	122	264	192	269	391
Net Income / (Loss) Continuing Operations	96	45	48	213	253	122	264	192	269	391
Total Pre-Tax Income	158	83	190	268	330	122	341	257	355	496
Total Operating Income	466	405	364	442	488	306	462	423	588	706
Total Gross Profit	1,513	1,564	1,597	1,590	1,564	1,280	1,429	1,418	1,618	1,798
Total Revenue	4,110	4,093	4,377	4,696	4,482	3,738	4,416	4,884	5,184	5,276
Operating Revenue	4,084	4,069	4,377	4,696	4,482	3,738	4,416	4,884	5,184	5,276
Total Cost of Revenue	2,597	2,529	2,781	3,106	2,918	2,458	2,987	3,466	3,566	3,478
Operating Cost of Revenue	2,597	2,529	2,781	3,106	2,918	2,458	2,987	3,466	3,566	3,478
Total Operating Expenses	1,047	1,159	1,233	1,148	1,076	974	967	995	1,030	1,092
Selling, General & Admin Expense	915	960	1,066	876	822	695	783	772	840	847
Research & Development Expense	52	58	65	73	70	55	62	66	74	74
Amortization Expense	81	83	101	115	113	113	121	125	88	92
Other Operating Expenses / (Income)	-	-	-	83	-	111	-	32	28	79
Total Other Income / (Expense), net	-308	-322	-174	-175	-158	-183	-122	-166	-233	-210
Interest Expense	197	178	147	160	163	150	134	140	213	205
Other Income / (Expense), net	-111	-144	-27	-15	4.40	-33	12	-26	-20	-5.00
Income Tax Expense	62	38	142	54	77	0.20	76	65	86	105
Net Income / (Loss) Attributable to Noncontrolling Interest	4.20	5.80	11	6.20	3.60	0.40	0.50	0.00	2.00	0.00
Basic Earnings per Share	$0.39	$0.16	$0.15	$0.87	$1.06	$0.52	$1.14	$0.86	$1.21	$1.78
Weighted Average Basic Shares Outstanding	233.80M	242.50M	240.40M	239M	235.06M	233.97M	224.53M	221.05M	220.14M	218.14M
Diluted Earnings per Share	$0.38	$0.16	$0.15	$0.85	$1.06	$0.52	$1.14	$0.86	$1.21	$1.78
Weighted Average Diluted Shares Outstanding	239.70M	242.50M	240.40M	239M	235.06M	233.97M	224.53M	221.05M	220.14M	218.14M
Weighted Average Basic & Diluted Shares Outstanding	234.30M	242.50M	240.40M	239M	235.06M	233.97M	224.53M	221.05M	220.14M	218.14M

This table shows Axalta Coating Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	62	44	61	61	72	73	41	112	101	137
Consolidated Net Income / (Loss)	63	44	61	61	73	74	39	113	102	137
Net Income / (Loss) Continuing Operations	63	44	61	61	73	74	39	113	102	137
Total Pre-Tax Income	85	57	76	74	103	102	59	156	142	139
Total Operating Income	124	110	125	138	163	162	121	205	193	187
Total Gross Profit	362	371	382	390	423	423	429	460	462	447
Total Revenue	1,239	1,236	1,284	1,294	1,309	1,297	1,294	1,351	1,320	1,311
Operating Revenue	1,239	1,236	1,284	1,294	1,309	1,297	1,294	1,351	1,320	1,311
Total Cost of Revenue	877	866	902	904	886	874	865	891	858	864
Operating Cost of Revenue	877	866	902	904	886	874	865	891	858	864
Total Operating Expenses	239	261	257	252	260	261	308	255	269	260
Selling, General & Admin Expense	186	200	206	210	209	215	207	213	211	216
Research & Development Expense	17	16	19	19	18	18	18	18	19	19
Amortization Expense	30	30	25	21	20	22	22	22	24	24
Other Operating Expenses / (Income)	5.30	14	7.00	2.00	13	6.00	61	2.00	15	1.00
Total Other Income / (Expense), net	-38	-53	-49	-64	-60	-60	-62	-49	-51	-48
Interest Expense	35	39	48	55	55	55	54	50	54	47
Other Income / (Expense), net	-3.40	-14	-1.00	-9.00	-5.00	-5.00	-8.00	1.00	3.00	-1.00
Income Tax Expense	22	13	15	13	30	28	20	43	40	2.00
Basic Earnings per Share	$0.28	$0.20	$0.27	$0.27	$0.33	$0.34	$0.18	$0.51	$0.46	$0.63
Weighted Average Basic Shares Outstanding	220.61M	221.05M	221.53M	221.70M	220.08M	220.14M	220.65M	219.30M	218.06M	218.14M
Diluted Earnings per Share	$0.28	$0.20	$0.27	$0.27	$0.33	$0.34	$0.18	$0.51	$0.46	$0.63
Weighted Average Diluted Shares Outstanding	220.61M	221.05M	221.53M	221.70M	220.08M	220.14M	220.65M	219.30M	218.06M	218.14M
Weighted Average Basic & Diluted Shares Outstanding	220.61M	221.05M	221.53M	221.70M	220.08M	220.14M	220.65M	219.30M	218.06M	218.14M

This table details how cash moves in and out of Axalta Coating Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	159	70	218	321	317	-492	-181	54	-65
Net Cash From Operating Activities	410	559	540	573	509	559	294	575	576
Net Cash From Continuing Operating Activities	410	559	540	573	509	559	294	575	576
Net Income / (Loss) Continuing Operations	96	45	48	253	122	264	192	269	391
Consolidated Net Income / (Loss)	96	45	48	253	122	264	192	269	391
Depreciation Expense	308	322	348	353	320	317	303	276	280
Amortization Expense	21	18	8.00	8.80	9.00	8.90	10	9.00	7.00
Non-Cash Adjustments To Reconcile Net Income	170	241	131	28	55	-0.80	63	84	38
Changes in Operating Assets and Liabilities, net	-184	-66	5.60	-69	2.90	-30	-274	-63	-140
Net Cash From Investing Activities	-166	-257	-690	-94	-62	-716	-106	-206	-440
Net Cash From Continuing Investing Activities	-166	-257	-690	-94	-62	-716	-106	-206	-440
Purchase of Property, Plant & Equipment	-138	-136	-125	-113	-82	-122	-151	-138	-140
Acquisitions	-30	-115	-564	-3.30	-1.00	-649	-3.00	-106	-301
Sale and/or Maturity of Investments	-	0.00	0.00	-	0.00	0.00	25	29	0.00
Other Investing Activities, net	1.50	-6.00	-0.20	7.20	21	17	23	9.00	1.00
Net Cash From Financing Activities	-85	-233	367	-158	-131	-335	-369	-315	-201
Net Cash From Continuing Financing Activities	-85	-233	367	-158	-131	-335	-369	-315	-201
Repayment of Debt	-144	-1,764	-64	-71	-64	-105	-2,134	-954	-426
Repurchase of Common Equity	0.00	0.00	-58	-105	-26	-244	-200	-50	-100
Issuance of Debt	2.00	1,604	484	-	-	0.00	1,980	706	333
Issuance of Common Equity	-	-	-	-	4.30	14	0.00	8.00	4.00
Other Financing Activities, net	62	-70	9.20	49	-40	-0.50	-15	-25	-12
Cash Interest Paid	173	169	130	157	152	118	127	213	198
Cash Income Taxes Paid	52	39	62	42	26	58	63	97	131

This table details how cash moves in and out of Axalta Coating Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	35	114	-146	9.00	109	82	-67	227	-282	57
Net Cash From Operating Activities	80	246	-52	131	210	286	34	114	194	234
Net Cash From Continuing Operating Activities	80	246	-52	131	210	286	34	114	194	234
Net Income / (Loss) Continuing Operations	63	44	61	61	73	74	39	113	102	137
Consolidated Net Income / (Loss)	63	44	61	61	73	74	39	113	102	137
Depreciation Expense	75	74	70	66	71	69	68	68	71	73
Amortization Expense	2.40	2.80	2.00	2.00	3.00	2.00	2.00	2.00	2.00	1.00
Non-Cash Adjustments To Reconcile Net Income	4.60	36	17	28	33	6.00	17	10	4.00	7.00
Changes in Operating Assets and Liabilities, net	-65	90	-202	-26	30	135	-92	-79	15	16
Net Cash From Investing Activities	-30	-38	-6.00	-31	-28	-141	-19	-17	-338	-66
Net Cash From Continuing Investing Activities	-30	-38	-6.00	-31	-28	-141	-19	-17	-338	-66
Purchase of Property, Plant & Equipment	-36	-44	-42	-32	-31	-33	-22	-23	-33	-62
Acquisitions	-	-	-	-	-	-106	-	-	-	-11
Other Investing Activities, net	5.70	8.40	7.00	1.00	3.00	-2.00	3.00	6.00	-15	7.00
Net Cash From Financing Activities	-15	-94	-88	-91	-73	-63	-82	130	-138	-111
Net Cash From Continuing Financing Activities	-15	-94	-88	-91	-73	-63	-82	130	-138	-111
Repayment of Debt	-15	-2,061	-89	-94	-215	-556	-188	-4.00	-86	-148
Issuance of Debt	-	1,980	9.00	-	197	500	107	185	-	41
Issuance of Common Equity	-	-	5.00	4.00	-2.00	1.00	1.00	1.00	-1.00	3.00
Other Financing Activities, net	0.40	-13	-13	-1.00	-3.00	-8.00	-2.00	-2.00	-1.00	-7.00

This table presents Axalta Coating Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	5,830	5,866	6,832	6,676	6,818	7,157	7,217	7,059	7,272	7,249
Total Current Assets	1,848	1,920	2,316	2,310	2,573	2,926	2,576	2,693	2,821	2,723
Cash & Equivalents	485	535	770	694	1,018	1,361	841	645	700	593
Restricted Cash	2.70	2.70	3.10	2.80	3.00	3.10	11	9.70	3.00	3.00
Accounts Receivable	766	802	870	861	830	870	938	1,067	1,260	1,248
Inventories, net	531	530	609	613	592	560	670	830	741	734
Prepaid Expenses	64	50	64	139	131	132	117	141	117	145
Plant, Property, & Equipment, net	1,383	1,316	1,389	1,298	0.00	0.00	1,186	1,190	1,204	1,181
Total Noncurrent Assets	2,599	2,631	3,128	3,068	4,245	4,231	3,455	3,176	3,247	3,345
Goodwill	928	964	1,271	1,231	1,209	1,295	1,593	1,498	1,591	1,640
Intangible Assets	1,192	1,130	1,428	1,348	1,224	1,149	1,278	1,112	1,130	1,149
Other Noncurrent Operating Assets	480	536	429	489	1,812	1,788	585	566	526	556
Total Liabilities & Shareholders' Equity	5,830	5,866	6,832	6,676	6,818	7,157	7,217	7,059	7,272	7,249
Total Liabilities	4,689	4,620	5,424	5,365	5,408	5,677	5,679	5,560	5,499	5,293
Total Current Liabilities	875	942	1,082	1,041	1,073	1,181	1,335	1,385	1,428	1,354
Short-Term Debt	50	28	38	42	44	54	80	31	26	20
Accounts Payable	455	474	555	523	484	564	657	734	725	659
Accrued Expenses	370	440	490	476	545	562	598	620	677	675
Total Noncurrent Liabilities	3,814	3,678	4,342	4,325	4,336	4,497	4,344	4,175	4,071	3,939
Long-Term Debt	3,391	3,236	3,878	3,822	3,790	3,839	3,750	3,673	3,478	3,401
Noncurrent Deferred & Payable Income Tax Liabilities	148	160	153	141	116	114	175	162	162	151
Noncurrent Employee Benefit Liabilities	252	249	279	262	285	310	269	205	252	220
Other Noncurrent Operating Liabilities	22	32	32	100	145	234	150	135	179	167
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,141	1,247	1,408	1,311	1,410	1,480	1,539	1,500	1,773	1,956
Total Preferred & Common Equity	1,074	1,125	1,276	1,205	1,354	1,433	1,493	1,454	1,727	1,912
Total Common Equity	1,074	1,125	1,276	1,205	1,354	1,433	1,493	1,454	1,727	1,912
Common Stock	1,476	1,534	1,597	1,655	1,724	1,738	1,767	1,789	1,822	1,854
Retained Earnings	-133	-58	-21	199	443	563	827	1,019	1,286	1,677
Treasury Stock	-	0.00	-58	-312	-418	-444	-687	-887	-937	-1,037
Accumulated Other Comprehensive Income / (Loss)	-269	-350	-241	-336	-396	-425	-414	-467	-444	-582
Noncontrolling Interest	68	122	132	105	55	47	46	46	46	44

This table presents Axalta Coating Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	6,819	7,001	7,043	6,996	7,089	7,306	7,500
Total Current Assets	2,668	2,624	2,690	2,786	2,760	3,014	2,838
Cash & Equivalents	517	512	518	606	624	840	567
Restricted Cash	9.30	2.60	2.40	2.30	3.00	3.00	4.00
Accounts Receivable	1,107	1,170	1,271	1,301	1,242	1,268	1,298
Inventories, net	829	799	767	750	751	745	818
Prepaid Expenses	205	141	132	127	140	158	151
Plant, Property, & Equipment, net	1,122	1,204	1,197	1,169	1,174	1,158	1,188
Total Noncurrent Assets	3,029	3,173	3,157	3,041	3,155	3,134	3,474
Goodwill	1,390	1,524	1,527	1,484	1,554	1,549	1,718
Intangible Assets	1,094	1,093	1,077	1,037	1,087	1,061	1,207
Other Noncurrent Operating Assets	545	556	553	520	514	524	549
Total Liabilities & Shareholders' Equity	6,819	7,001	7,043	6,996	7,089	7,306	7,500
Total Liabilities	5,500	5,385	5,354	5,347	5,314	5,488	5,549
Total Current Liabilities	1,350	1,280	1,329	1,358	1,332	1,335	1,422
Short-Term Debt	67	42	39	32	20	20	20
Accounts Payable	747	704	702	710	721	715	708
Accrued Expenses	536	535	588	616	591	600	694
Total Noncurrent Liabilities	4,150	4,106	4,025	3,989	3,982	4,153	4,127
Long-Term Debt	3,663	3,606	3,529	3,511	3,407	3,588	3,505
Noncurrent Deferred & Payable Income Tax Liabilities	140	163	155	145	155	152	163
Noncurrent Employee Benefit Liabilities	227	208	209	201	241	236	244
Other Noncurrent Operating Liabilities	120	130	131	132	179	177	215
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,319	1,615	1,689	1,649	1,775	1,818	1,951
Total Preferred & Common Equity	1,273	1,570	1,644	1,604	1,731	1,773	1,905
Total Common Equity	1,273	1,570	1,644	1,604	1,731	1,773	1,905
Common Stock	1,779	1,801	1,811	1,815	1,829	1,838	1,844
Retained Earnings	975	1,079	1,140	1,213	1,327	1,439	1,540
Treasury Stock	-887	-887	-887	-937	-937	-987	-1,037
Accumulated Other Comprehensive Income / (Loss)	-594	-423	-420	-487	-488	-517	-442
Noncontrolling Interest	46	45	45	45	44	45	46

This table displays calculated financial ratios and metrics derived from Axalta Coating Systems' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.41%	-0.42%	6.95%	7.29%	-4.55%	-16.61%	18.16%	10.59%	6.14%	1.77%
EBITDA Growth	16.86%	-12.00%	15.20%	16.20%	6.24%	-29.61%	33.04%	-11.26%	20.14%	15.83%
EBIT Growth	39.25%	-26.38%	29.01%	26.89%	15.34%	-44.76%	74.46%	-16.37%	43.07%	23.42%
NOPAT Growth	-18.92%	-22.66%	-58.12%	285.27%	6.01%	-18.38%	17.72%	-11.99%	40.99%	24.91%
Net Income Growth	176.08%	-53.44%	6.95%	347.17%	18.42%	-51.70%	116.72%	-27.38%	40.10%	45.35%
EPS Growth	216.67%	-57.89%	-6.25%	466.67%	24.71%	-50.94%	119.23%	-24.56%	40.70%	47.11%
Operating Cash Flow Growth	63.01%	36.48%	-3.45%	0.00%	0.00%	-11.13%	9.68%	-47.37%	95.58%	0.17%
Free Cash Flow Firm Growth	-1,194.25%	108.95%	-242.67%	187.33%	47.93%	-17.32%	-128.78%	290.05%	47.94%	-16.87%
Invested Capital Growth	0.00%	-2.99%	14.55%	-1.59%	-5.69%	-5.08%	12.69%	0.70%	0.55%	4.53%
Revenue Q/Q Growth	-1.93%	0.69%	3.26%	-0.14%	-1.48%	-0.64%	1.44%	2.07%	1.18%	0.26%
EBITDA Q/Q Growth	10.26%	-11.23%	14.53%	3.13%	-2.68%	2.12%	-3.56%	-1.09%	7.01%	3.44%
EBIT Q/Q Growth	20.83%	-23.06%	33.15%	5.30%	-2.94%	8.54%	-6.79%	-0.03%	12.01%	4.32%
NOPAT Q/Q Growth	-4.14%	-38.64%	-52.63%	160.91%	-11.79%	27.08%	-10.78%	0.78%	8.04%	14.55%
Net Income Q/Q Growth	60.47%	-61.45%	-31.07%	163.66%	-12.05%	29.93%	-6.01%	-4.81%	12.60%	19.39%
EPS Q/Q Growth	65.22%	-65.22%	-37.50%	183.33%	-10.92%	30.00%	-5.00%	-4.44%	13.08%	19.46%
Operating Cash Flow Q/Q Growth	15.18%	-3.12%	1.05%	0.00%	0.00%	-0.95%	-1.72%	-7.20%	7.56%	-8.32%
Free Cash Flow Firm Q/Q Growth	0.00%	7.49%	-80.12%	84.18%	-8.78%	-0.86%	20.86%	-41.08%	19.45%	113.19%
Invested Capital Q/Q Growth	-3.49%	-7.23%	-4.11%	-3.69%	-3.67%	-2.23%	-3.72%	0.58%	-0.20%	-2.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.81%	38.21%	36.47%	33.85%	34.90%	34.24%	32.36%	29.03%	31.21%	34.08%
EBITDA Margin	16.61%	14.68%	15.81%	17.13%	19.06%	16.09%	18.12%	14.54%	16.45%	18.73%
Operating Margin	11.33%	9.90%	8.31%	9.41%	10.89%	8.17%	10.47%	8.66%	11.34%	13.38%
EBIT Margin	8.62%	6.37%	7.69%	9.10%	10.99%	7.28%	10.75%	8.13%	10.96%	13.29%
Profit (Net Income) Margin	2.33%	1.09%	1.09%	4.54%	5.64%	3.26%	5.99%	3.93%	5.19%	7.41%
Tax Burden Percent	60.67%	53.93%	25.16%	79.74%	76.55%	99.84%	77.65%	74.71%	75.77%	78.83%
Interest Burden Percent	44.55%	31.70%	56.33%	62.63%	66.99%	44.91%	71.73%	64.74%	62.50%	70.76%
Effective Tax Rate	39.33%	46.07%	74.84%	20.26%	23.45%	0.16%	22.35%	25.29%	24.23%	21.17%
Return on Invested Capital (ROIC)	13.80%	5.42%	2.15%	7.81%	8.59%	7.41%	8.42%	6.97%	9.77%	11.90%
ROIC Less NNEP Spread (ROIC-NNEP)	1.16%	-0.71%	0.65%	3.40%	4.54%	0.56%	4.99%	2.86%	3.73%	6.01%
Return on Net Nonoperating Assets (RNNOA)	2.99%	-1.68%	1.45%	7.88%	9.98%	1.03%	9.10%	5.67%	6.67%	9.07%
Return on Equity (ROE)	16.79%	3.74%	3.59%	15.69%	18.57%	8.44%	17.52%	12.64%	16.44%	20.97%
Cash Return on Invested Capital (CROIC)	-186.20%	8.46%	-11.42%	9.41%	14.45%	12.63%	-3.51%	6.27%	9.22%	7.47%
Operating Return on Assets (OROA)	12.16%	4.46%	5.30%	6.32%	7.30%	3.89%	6.60%	5.56%	7.93%	9.66%
Return on Assets (ROA)	3.29%	0.76%	0.75%	3.16%	3.74%	1.75%	3.68%	2.69%	3.75%	5.39%
Return on Common Equity (ROCE)	15.80%	3.44%	3.25%	14.32%	17.47%	8.15%	16.98%	12.26%	15.98%	20.46%
Return on Equity Simple (ROE_SIMPLE)	8.92%	3.96%	3.74%	17.70%	18.65%	8.51%	17.71%	13.21%	15.58%	20.45%
Net Operating Profit after Tax (NOPAT)	282	218	92	353	374	305	359	316	446	557
NOPAT Margin	6.87%	5.34%	2.09%	7.51%	8.34%	8.16%	8.13%	6.47%	8.59%	10.55%
Net Nonoperating Expense Percent (NNEP)	12.64%	6.12%	1.49%	4.41%	4.05%	6.85%	3.44%	4.11%	6.04%	5.89%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.07%	8.44%	10.35%
Cost of Revenue to Revenue	63.19%	61.79%	63.53%	66.15%	65.10%	65.76%	67.64%	70.97%	68.79%	65.92%
SG&A Expenses to Revenue	22.26%	23.45%	24.36%	18.66%	18.34%	18.59%	17.72%	15.81%	16.20%	16.05%
R&D to Revenue	1.26%	1.41%	1.49%	1.56%	1.57%	1.48%	1.41%	1.35%	1.43%	1.40%
Operating Expenses to Revenue	25.48%	28.31%	28.17%	24.44%	24.01%	26.06%	21.89%	20.37%	19.87%	20.70%
Earnings before Interest and Taxes (EBIT)	354	261	337	427	493	272	475	397	568	701
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	683	601	692	804	854	601	800	710	853	988
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.90	5.81	6.18	4.64	5.27	4.69	5.07	3.87	4.33	3.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.54	1.60	1.80	1.19	1.59	1.80	1.71	1.15	1.44	1.41
Price to Earnings (P/E)	69.20	168.57	214.82	27.00	28.65	55.29	28.66	29.27	28.00	19.08
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.45%	0.59%	0.47%	3.70%	3.49%	1.81%	3.49%	3.42%	3.57%	5.24%
Enterprise Value to Invested Capital (EV/IC)	2.29	2.36	2.45	1.98	2.37	2.32	2.34	1.92	2.26	2.16
Enterprise Value to Revenue (EV/Rev)	2.28	2.29	2.55	1.89	2.23	2.49	2.40	1.78	1.99	1.96
Enterprise Value to EBITDA (EV/EBITDA)	13.71	15.63	16.12	11.02	11.71	15.46	13.23	12.27	12.10	10.46
Enterprise Value to EBIT (EV/EBIT)	26.41	35.98	33.15	20.75	20.31	34.17	22.30	21.95	18.17	14.74
Enterprise Value to NOPAT (EV/NOPAT)	33.13	42.97	121.95	25.14	26.77	30.49	29.49	27.58	23.17	18.56
Enterprise Value to Operating Cash Flow (EV/OCF)	22.84	16.79	20.66	0.00	17.45	18.26	18.95	29.64	17.95	17.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	27.52	0.00	20.86	15.91	17.89	0.00	30.66	24.55	29.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.02	2.62	2.78	2.95	2.72	2.63	2.49	2.47	1.98	1.75
Long-Term Debt to Equity	2.97	2.60	2.75	2.92	2.69	2.59	2.44	2.45	1.96	1.74
Financial Leverage	2.59	2.38	2.21	2.32	2.20	1.85	1.82	1.98	1.79	1.51
Leverage Ratio	5.11	4.90	4.78	4.97	4.96	4.84	4.76	4.70	4.38	3.89
Compound Leverage Factor	2.28	1.55	2.69	3.11	3.32	2.17	3.42	3.04	2.74	2.76
Debt to Total Capital	75.10%	72.36%	73.55%	74.67%	73.12%	72.46%	71.34%	71.18%	66.40%	63.62%
Short-Term Debt to Total Capital	1.09%	0.62%	0.71%	0.82%	0.84%	1.01%	1.48%	0.60%	0.49%	0.37%
Long-Term Debt to Total Capital	74.00%	71.74%	72.85%	73.86%	72.28%	71.45%	69.85%	70.59%	65.91%	63.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.47%	2.69%	2.47%	2.04%	1.06%	0.87%	0.85%	0.88%	0.87%	0.82%
Common Equity to Total Capital	23.43%	24.94%	23.97%	23.29%	25.83%	26.67%	27.81%	27.93%	32.73%	35.56%
Debt to EBITDA	5.04	5.43	5.66	4.80	4.49	6.47	4.79	5.22	4.11	3.46
Net Debt to EBITDA	4.33	4.54	4.54	3.94	3.29	4.20	3.72	4.29	3.28	2.86
Long-Term Debt to EBITDA	4.97	5.39	5.60	4.75	4.44	6.38	4.69	5.17	4.08	3.44
Debt to NOPAT	12.18	14.94	42.79	10.96	10.26	12.76	10.67	11.72	7.86	6.15
Net Debt to NOPAT	10.46	12.48	34.35	8.99	7.53	8.29	8.30	9.65	6.29	5.08
Long-Term Debt to NOPAT	12.01	14.81	42.38	10.84	10.14	12.59	10.44	11.62	7.81	6.11
Altman Z-Score	1.89	1.88	1.89	1.81	2.04	1.76	1.99	1.91	2.26	2.44
Noncontrolling Interest Sharing Ratio	5.91%	7.92%	9.54%	8.72%	5.91%	3.54%	3.07%	3.02%	2.81%	2.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.11	2.04	2.14	2.22	2.40	2.48	1.93	1.94	1.98	2.01
Quick Ratio	1.43	1.42	1.52	1.49	1.72	1.89	1.33	1.24	1.37	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,813	341	-487	425	629	520	-150	284	420	350
Operating Cash Flow to CapEx	296.74%	410.65%	432.00%	0.00%	509.42%	620.34%	459.38%	194.70%	416.67%	411.43%
Free Cash Flow to Firm to Interest Expense	-19.40	1.91	-3.31	2.66	3.87	3.47	-1.11	2.03	1.97	1.71
Operating Cash Flow to Interest Expense	2.09	3.14	3.67	0.00	3.52	3.40	4.16	2.10	2.70	2.81
Operating Cash Flow Less CapEx to Interest Expense	1.38	2.37	2.82	0.00	2.83	2.85	3.26	1.02	2.05	2.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.41	0.70	0.69	0.70	0.66	0.53	0.61	0.68	0.72	0.73
Accounts Receivable Turnover	0.00	5.22	5.24	5.43	5.30	4.40	4.89	4.87	4.45	4.21
Inventory Turnover	0.00	4.77	4.89	5.09	4.84	4.27	4.86	4.62	4.54	4.72
Fixed Asset Turnover	0.00	3.03	3.24	3.50	0.00	0.00	0.00	4.11	4.33	4.42
Accounts Payable Turnover	0.00	5.44	5.40	5.76	5.80	4.69	4.89	4.98	4.89	5.03
Days Sales Outstanding (DSO)	0.00	69.91	69.72	67.27	68.85	83.00	74.69	74.92	81.93	86.75
Days Inventory Outstanding (DIO)	0.00	76.53	74.71	71.77	75.34	85.50	75.12	78.94	80.38	77.40
Days Payable Outstanding (DPO)	0.00	67.04	67.55	63.32	62.95	77.82	74.64	73.24	74.64	72.62
Cash Conversion Cycle (CCC)	0.00	79.40	76.89	75.73	81.24	90.68	75.16	80.62	87.67	91.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,095	3,972	4,551	4,478	4,223	4,009	4,517	4,549	4,574	4,781
Invested Capital Turnover	2.01	1.01	1.03	1.04	1.03	0.91	1.04	1.08	1.14	1.13
Increase / (Decrease) in Invested Capital	4,095	-123	578	-72	-255	-215	509	32	25	207
Enterprise Value (EV)	9,360	9,388	11,158	8,864	10,002	9,298	10,587	8,714	10,323	10,331
Market Capitalization	6,339	6,541	7,884	5,591	7,133	6,723	7,563	5,619	7,476	7,462
Book Value per Share	$4.51	$4.68	$5.24	$5.05	$5.77	$6.09	$6.54	$6.59	$7.85	$8.77
Tangible Book Value per Share	($4.40)	($4.03)	($5.84)	($5.75)	($4.60)	($4.29)	($6.03)	($5.24)	($4.52)	($4.02)
Total Capital	4,583	4,511	5,323	5,175	5,244	5,373	5,368	5,204	5,277	5,377
Total Debt	3,442	3,264	3,916	3,864	3,834	3,893	3,830	3,704	3,504	3,421
Total Long-Term Debt	3,391	3,236	3,878	3,822	3,790	3,839	3,750	3,673	3,478	3,401
Net Debt	2,954	2,726	3,143	3,168	2,814	2,529	2,978	3,049	2,801	2,825
Capital Expenditures (CapEx)	138	136	125	-143	113	82	122	151	138	140
Debt-free, Cash-free Net Working Capital (DFCFNWC)	535	468	498	615	524	435	469	684	716	793
Debt-free Net Working Capital (DFNWC)	1,023	1,006	1,271	1,311	1,544	1,799	1,320	1,339	1,419	1,389
Net Working Capital (NWC)	973	978	1,233	1,269	1,501	1,745	1,241	1,308	1,393	1,369
Net Nonoperating Expense (NNE)	187	174	44	139	121	183	95	124	177	166
Net Nonoperating Obligations (NNO)	2,954	2,726	3,143	3,168	2,814	2,529	2,978	3,049	2,801	2,825
Total Depreciation and Amortization (D&A)	328	340	356	377	362	329	325	313	285	287
Debt-free, Cash-free Net Working Capital to Revenue	13.02%	11.43%	11.38%	13.09%	11.69%	11.64%	10.62%	14.01%	13.81%	15.03%
Debt-free Net Working Capital to Revenue	24.89%	24.58%	29.04%	27.92%	34.46%	48.14%	29.90%	27.42%	27.37%	26.33%
Net Working Capital to Revenue	23.67%	23.89%	28.18%	27.02%	33.48%	46.69%	28.09%	26.78%	26.87%	25.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.18	$0.15	$0.87	$1.06	$0.52	$1.14	$0.86	$1.21	$1.78
Adjusted Weighted Average Basic Shares Outstanding	233.80M	238.10M	240.40M	234.28M	235.06M	233.97M	224.53M	221.05M	220.14M	218.14M
Adjusted Diluted Earnings per Share	$0.39	$0.17	$0.15	$0.85	$1.06	$0.52	$1.14	$0.86	$1.21	$1.78
Adjusted Weighted Average Diluted Shares Outstanding	239.70M	244.40M	246.10M	234.28M	235.06M	233.97M	224.53M	221.05M	220.14M	218.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	238.30M	241.34M	245.08M	234.28M	235.06M	233.97M	224.53M	221.05M	220.14M	218.14M
Normalized Net Operating Profit after Tax (NOPAT)	282	250	255	353	428	305	359	316	446	557
Normalized NOPAT Margin	6.87%	6.10%	5.82%	7.51%	9.54%	8.16%	8.13%	6.47%	8.59%	10.55%
Pre Tax Income Margin	3.84%	2.02%	4.33%	5.70%	7.36%	3.27%	7.71%	5.26%	6.85%	9.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.80	1.46	2.29	2.68	3.03	1.82	3.54	2.84	2.67	3.42
NOPAT to Interest Expense	1.44	1.23	0.62	2.21	2.30	2.03	2.68	2.26	2.09	2.71
EBIT Less CapEx to Interest Expense	1.10	0.70	1.44	3.57	2.34	1.27	2.63	1.76	2.02	2.74
NOPAT Less CapEx to Interest Expense	0.73	0.46	-0.23	3.11	1.61	1.49	1.77	1.18	1.44	2.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.91%	6.73%	6.29%	-13.08%	12.31%	4.75%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	4.91%	6.73%	128.72%	-132.07%	54.00%	26.07%	92.21%	104.17%	18.59%	25.58%

This table displays calculated financial ratios and metrics derived from Axalta Coating Systems' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.79%	8.71%	9.36%	4.79%	5.68%	4.91%	0.78%	4.40%	0.84%	1.08%
EBITDA Growth	-5.70%	-4.33%	19.08%	11.87%	17.77%	32.33%	-6.63%	40.10%	15.95%	14.04%
EBIT Growth	-5.51%	-0.10%	46.75%	33.82%	31.56%	63.54%	-8.87%	59.69%	24.05%	18.47%
NOPAT Growth	-0.24%	3.83%	47.52%	56.61%	25.76%	40.12%	-20.28%	30.54%	20.00%	56.82%
Net Income Growth	-8.13%	-18.16%	49.14%	38.32%	15.32%	69.34%	-36.07%	85.25%	39.73%	85.14%
EPS Growth	-6.67%	-16.67%	50.00%	35.00%	17.86%	70.00%	-33.33%	88.89%	39.39%	85.29%
Operating Cash Flow Growth	-44.09%	-8.49%	-18.45%	973.77%	162.83%	16.35%	165.38%	-12.98%	-7.62%	-18.18%
Free Cash Flow Firm Growth	152.20%	112.17%	100.40%	101.87%	-78.85%	77.48%	10,749.67%	3,849.37%	-432.46%	-124.55%
Invested Capital Growth	-3.60%	0.70%	2.11%	2.29%	1.34%	0.55%	-3.64%	-3.25%	7.02%	4.53%
Revenue Q/Q Growth	0.31%	-0.19%	3.82%	0.78%	1.16%	-0.92%	-0.24%	4.40%	-2.29%	-0.68%
EBITDA Q/Q Growth	11.87%	-12.54%	13.89%	0.51%	17.77%	-1.72%	-19.74%	50.82%	-2.54%	-3.35%
EBIT Q/Q Growth	24.59%	-20.07%	29.03%	4.03%	22.48%	-0.63%	-28.16%	82.30%	-4.85%	-5.10%
NOPAT Q/Q Growth	26.47%	-8.69%	19.47%	13.38%	1.55%	1.74%	-30.75%	85.66%	-6.64%	32.95%
Net Income Q/Q Growth	43.54%	-30.96%	38.95%	0.00%	19.67%	1.37%	-46.72%	189.74%	-9.73%	34.31%
EPS Q/Q Growth	40.00%	-28.57%	35.00%	0.00%	22.22%	3.03%	-47.06%	183.33%	-9.80%	36.96%
Operating Cash Flow Q/Q Growth	554.92%	207.63%	-121.17%	351.92%	60.31%	36.19%	-88.11%	235.29%	70.18%	20.62%
Free Cash Flow Firm Q/Q Growth	163.50%	-80.02%	-95.54%	228.76%	619.94%	67.67%	179.52%	19.67%	-160.61%	87.62%
Invested Capital Q/Q Growth	-2.33%	0.58%	4.37%	-0.23%	-3.25%	-0.20%	0.02%	0.17%	7.03%	-2.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.23%	29.98%	29.75%	30.14%	32.31%	32.61%	33.15%	34.05%	35.00%	34.10%
EBITDA Margin	15.90%	13.94%	15.26%	15.22%	17.72%	17.58%	14.14%	20.43%	20.38%	19.83%
Operating Margin	9.97%	8.87%	9.74%	10.66%	12.45%	12.49%	9.35%	15.17%	14.62%	14.26%
EBIT Margin	9.70%	7.77%	9.66%	9.97%	12.07%	12.10%	8.73%	15.25%	14.85%	14.19%
Profit (Net Income) Margin	5.11%	3.53%	4.75%	4.71%	5.58%	5.71%	3.01%	8.36%	7.73%	10.45%
Tax Burden Percent	74.38%	76.53%	80.26%	82.43%	70.87%	72.55%	66.10%	72.44%	71.83%	98.56%
Interest Burden Percent	70.86%	59.48%	61.29%	57.36%	65.19%	64.97%	52.21%	75.73%	72.45%	74.73%
Effective Tax Rate	25.62%	23.47%	19.74%	17.57%	29.13%	27.45%	33.90%	27.56%	28.17%	1.44%
Return on Invested Capital (ROIC)	7.70%	7.31%	8.31%	9.48%	9.93%	10.30%	6.89%	12.39%	11.65%	15.86%
ROIC Less NNEP Spread (ROIC-NNEP)	6.81%	5.98%	7.07%	7.81%	8.55%	8.81%	5.51%	11.16%	10.41%	14.18%
Return on Net Nonoperating Assets (RNNOA)	15.55%	11.86%	14.81%	16.09%	17.67%	15.75%	9.63%	18.51%	17.02%	21.39%
Return on Equity (ROE)	23.25%	19.17%	23.11%	25.57%	27.61%	26.05%	16.52%	30.89%	28.67%	37.24%
Cash Return on Invested Capital (CROIC)	10.47%	6.27%	5.33%	6.04%	7.73%	9.22%	12.84%	13.23%	3.46%	7.47%
Operating Return on Assets (OROA)	6.60%	5.31%	6.85%	7.20%	8.95%	8.76%	6.44%	11.16%	10.78%	10.31%
Return on Assets (ROA)	3.48%	2.42%	3.37%	3.41%	4.14%	4.13%	2.22%	6.12%	5.61%	7.59%
Return on Common Equity (ROCE)	22.49%	18.59%	22.42%	24.81%	26.76%	25.32%	16.09%	30.10%	27.95%	36.35%
Return on Equity Simple (ROE_SIMPLE)	15.84%	0.00%	13.52%	13.94%	14.89%	0.00%	14.24%	16.84%	17.19%	0.00%
Net Operating Profit after Tax (NOPAT)	92	84	100	114	116	118	80	148	139	184
NOPAT Margin	7.42%	6.78%	7.81%	8.79%	8.83%	9.06%	6.18%	10.99%	10.50%	14.06%
Net Nonoperating Expense Percent (NNEP)	0.89%	1.33%	1.24%	1.67%	1.39%	1.49%	1.38%	1.22%	1.24%	1.68%
Return On Investment Capital (ROIC_SIMPLE)	-	1.61%	-	-	-	2.23%	-	-	-	3.43%
Cost of Revenue to Revenue	70.77%	70.02%	70.25%	69.86%	67.69%	67.39%	66.85%	65.95%	65.00%	65.90%
SG&A Expenses to Revenue	15.05%	16.21%	16.04%	16.23%	15.97%	16.58%	16.00%	15.77%	15.98%	16.48%
R&D to Revenue	1.33%	1.33%	1.48%	1.47%	1.38%	1.39%	1.39%	1.33%	1.44%	1.45%
Operating Expenses to Revenue	19.26%	21.12%	20.02%	19.47%	19.86%	20.12%	23.80%	18.87%	20.38%	19.83%
Earnings before Interest and Taxes (EBIT)	120	96	124	129	158	157	113	206	196	186
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	197	172	196	197	232	228	183	276	269	260
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.65	3.87	4.26	4.42	3.72	4.33	4.37	4.25	4.17	3.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.97	1.15	1.34	1.44	1.16	1.44	1.46	1.44	1.51	1.41
Price to Earnings (P/E)	23.09	29.27	31.72	31.88	25.10	28.00	30.59	25.27	24.24	19.08
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.33%	3.42%	3.15%	3.14%	3.98%	3.57%	3.27%	3.96%	4.13%	5.24%
Enterprise Value to Invested Capital (EV/IC)	1.75	1.92	2.08	2.19	1.95	2.26	2.28	2.26	2.23	2.16
Enterprise Value to Revenue (EV/Rev)	1.65	1.78	1.98	2.05	1.75	1.99	2.00	1.97	2.08	1.96
Enterprise Value to EBITDA (EV/EBITDA)	11.00	12.27	13.32	13.60	11.22	12.10	12.41	11.27	11.45	10.46
Enterprise Value to EBIT (EV/EBIT)	19.88	21.95	22.61	22.08	17.64	18.17	18.69	16.32	16.27	14.74
Enterprise Value to NOPAT (EV/NOPAT)	25.17	27.58	28.33	26.64	21.69	23.17	24.45	22.37	22.51	18.56
Enterprise Value to Operating Cash Flow (EV/OCF)	24.92	29.64	34.56	25.61	16.73	17.95	15.75	16.06	17.41	17.94
Enterprise Value to Free Cash Flow (EV/FCFF)	16.37	30.66	39.42	36.64	25.41	24.55	17.39	16.79	66.70	29.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.83	2.47	2.26	2.11	2.15	1.98	1.93	1.98	1.81	1.75
Long-Term Debt to Equity	2.78	2.45	2.23	2.09	2.13	1.96	1.92	1.97	1.80	1.74
Financial Leverage	2.28	1.98	2.09	2.06	2.07	1.79	1.75	1.66	1.64	1.51
Leverage Ratio	5.01	4.70	4.64	4.57	4.65	4.38	4.16	4.09	4.03	3.89
Compound Leverage Factor	3.55	2.79	2.84	2.62	3.03	2.85	2.17	3.10	2.92	2.91
Debt to Total Capital	73.87%	71.18%	69.30%	67.87%	68.24%	66.40%	65.88%	66.49%	64.37%	63.62%
Short-Term Debt to Total Capital	1.32%	0.60%	0.79%	0.74%	0.62%	0.49%	0.38%	0.37%	0.37%	0.37%
Long-Term Debt to Total Capital	72.55%	70.59%	68.51%	67.13%	67.63%	65.91%	65.49%	66.13%	64.01%	63.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.91%	0.88%	0.86%	0.85%	0.86%	0.87%	0.85%	0.83%	0.84%	0.82%
Common Equity to Total Capital	25.22%	27.93%	29.84%	31.28%	30.90%	32.73%	33.28%	32.68%	34.79%	35.56%
Debt to EBITDA	5.20	5.22	4.92	4.68	4.44	4.11	4.08	3.93	3.69	3.46
Net Debt to EBITDA	4.46	4.29	4.23	4.00	3.68	3.28	3.34	3.01	3.09	2.86
Long-Term Debt to EBITDA	5.10	5.17	4.86	4.63	4.40	4.08	4.06	3.91	3.67	3.44
Debt to NOPAT	11.90	11.72	10.47	9.17	8.59	7.86	8.05	7.80	7.26	6.15
Net Debt to NOPAT	10.22	9.65	8.99	7.84	7.12	6.29	6.57	5.98	6.08	5.08
Long-Term Debt to NOPAT	11.68	11.62	10.35	9.07	8.51	7.81	8.00	7.76	7.21	6.11
Altman Z-Score	1.70	1.77	1.96	2.05	1.96	2.08	2.14	2.19	2.16	2.21
Noncontrolling Interest Sharing Ratio	3.29%	3.02%	3.00%	2.99%	3.05%	2.81%	2.63%	2.56%	2.51%	2.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.98	1.94	2.05	2.02	2.05	1.98	2.07	2.26	2.00	2.01
Quick Ratio	1.20	1.24	1.31	1.35	1.40	1.37	1.40	1.58	1.31	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	261	52	2.33	7.66	55	92	253	302	-183	-23
Operating Cash Flow to CapEx	225.07%	565.06%	-123.81%	409.38%	677.42%	866.67%	154.55%	495.65%	587.88%	377.42%
Free Cash Flow to Firm to Interest Expense	7.45	1.34	0.05	0.14	1.00	1.68	4.68	6.05	-3.39	-0.48
Operating Cash Flow to Interest Expense	2.28	6.32	-1.08	2.38	3.82	5.20	0.63	2.28	3.59	4.98
Operating Cash Flow Less CapEx to Interest Expense	1.27	5.20	-1.96	1.80	3.25	4.60	0.22	1.82	2.98	3.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.68	0.71	0.72	0.74	0.72	0.74	0.73	0.73	0.73
Accounts Receivable Turnover	4.44	4.87	4.54	4.26	4.26	4.45	4.31	4.14	4.05	4.21
Inventory Turnover	4.52	4.62	4.52	4.53	4.50	4.54	4.55	4.65	4.45	4.72
Fixed Asset Turnover	4.13	4.11	4.18	4.30	4.47	4.33	4.37	4.46	4.46	4.42
Accounts Payable Turnover	4.97	4.98	4.86	4.90	4.88	4.89	4.95	4.96	4.92	5.03
Days Sales Outstanding (DSO)	82.27	74.92	80.37	85.65	85.77	81.93	84.73	88.25	90.14	86.75
Days Inventory Outstanding (DIO)	80.79	78.94	80.78	80.57	81.03	80.38	80.15	78.47	82.05	77.40
Days Payable Outstanding (DPO)	73.38	73.24	75.04	74.54	74.72	74.64	73.68	73.57	74.20	72.62
Cash Conversion Cycle (CCC)	89.68	80.62	86.11	91.68	92.08	87.67	91.20	93.15	98.00	91.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,523	4,549	4,748	4,737	4,583	4,574	4,575	4,583	4,905	4,781
Invested Capital Turnover	1.04	1.08	1.06	1.08	1.13	1.14	1.11	1.13	1.11	1.13
Increase / (Decrease) in Invested Capital	-169	32	98	106	60	25	-173	-154	322	207
Enterprise Value (EV)	7,894	8,714	9,873	10,361	8,943	10,323	10,413	10,349	10,937	10,331
Market Capitalization	4,645	5,619	6,696	7,268	5,964	7,476	7,569	7,539	7,937	7,462
Book Value per Share	$5.77	$6.59	$7.10	$7.42	$7.24	$7.85	$7.85	$8.04	$8.69	$8.77
Tangible Book Value per Share	($5.49)	($5.24)	($4.74)	($4.33)	($4.13)	($4.52)	($4.12)	($3.79)	($4.65)	($4.02)
Total Capital	5,049	5,204	5,262	5,257	5,191	5,277	5,202	5,426	5,476	5,377
Total Debt	3,730	3,704	3,647	3,568	3,543	3,504	3,427	3,608	3,525	3,421
Total Long-Term Debt	3,663	3,673	3,606	3,529	3,511	3,478	3,407	3,588	3,505	3,401
Net Debt	3,203	3,049	3,132	3,048	2,935	2,801	2,800	2,765	2,954	2,825
Capital Expenditures (CapEx)	36	44	42	32	31	33	22	23	33	62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	859	684	871	879	851	716	821	856	865	793
Debt-free Net Working Capital (DFNWC)	1,385	1,339	1,386	1,399	1,460	1,419	1,448	1,699	1,436	1,389
Net Working Capital (NWC)	1,319	1,308	1,344	1,360	1,428	1,393	1,428	1,679	1,416	1,369
Net Nonoperating Expense (NNE)	29	40	39	53	43	44	41	35	37	47
Net Nonoperating Obligations (NNO)	3,203	3,049	3,132	3,048	2,935	2,801	2,800	2,765	2,954	2,825
Total Depreciation and Amortization (D&A)	77	76	72	68	74	71	70	70	73	74
Debt-free, Cash-free Net Working Capital to Revenue	17.95%	14.01%	17.44%	17.40%	16.62%	13.81%	15.81%	16.30%	16.44%	15.03%
Debt-free Net Working Capital to Revenue	28.95%	27.42%	27.75%	27.69%	28.49%	27.37%	27.88%	32.36%	27.29%	26.33%
Net Working Capital to Revenue	27.56%	26.78%	26.91%	26.92%	27.86%	26.87%	27.49%	31.97%	26.91%	25.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.20	$0.27	$0.27	$0.33	$0.34	$0.18	$0.51	$0.46	$0.63
Adjusted Weighted Average Basic Shares Outstanding	220.61M	221.05M	221.53M	221.70M	220.08M	220.14M	220.65M	219.30M	218.06M	218.14M
Adjusted Diluted Earnings per Share	$0.28	$0.20	$0.27	$0.27	$0.33	$0.34	$0.18	$0.51	$0.46	$0.63
Adjusted Weighted Average Diluted Shares Outstanding	220.61M	221.05M	221.53M	221.70M	220.08M	220.14M	220.65M	219.30M	218.06M	218.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	220.61M	221.05M	221.53M	221.70M	220.08M	220.14M	220.65M	219.30M	218.06M	218.14M
Normalized Net Operating Profit after Tax (NOPAT)	92	84	100	114	116	118	80	148	139	184
Normalized NOPAT Margin	7.42%	6.78%	7.81%	8.79%	8.83%	9.06%	6.18%	10.99%	10.50%	14.06%
Pre Tax Income Margin	6.87%	4.62%	5.92%	5.72%	7.87%	7.86%	4.56%	11.55%	10.76%	10.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.43	2.47	2.58	2.35	2.87	2.85	2.09	4.12	3.63	3.96
NOPAT to Interest Expense	2.62	2.16	2.09	2.07	2.10	2.14	1.48	2.97	2.57	3.92
EBIT Less CapEx to Interest Expense	2.42	1.35	1.71	1.76	2.31	2.25	1.69	3.66	3.02	2.64
NOPAT Less CapEx to Interest Expense	1.61	1.04	1.22	1.49	1.54	1.54	1.07	2.51	1.96	2.60
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	114.08%	104.17%	0.00%	0.00%	20.93%	18.59%	0.00%	33.50%	30.53%	25.58%

Frequently Asked Questions About Axalta Coating Systems' Financials

When does Axalta Coating Systems's financial year end?

According to the most recent income statement we have on file, Axalta Coating Systems' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Axalta Coating Systems' net income changed over the last 9 years?

Axalta Coating Systems' net income appears to be on an upward trend, with a most recent value of $391 million in 2024, rising from $95.80 million in 2015. The previous period was $269 million in 2023.

What is Axalta Coating Systems's operating income?

Axalta Coating Systems's total operating income in 2024 was $706 million, based on the following breakdown:

Total Gross Profit: $1.80 billion
Total Operating Expenses: $1.09 billion

How has Axalta Coating Systems revenue changed over the last 9 years?

Over the last 9 years, Axalta Coating Systems' total revenue changed from $4.11 billion in 2015 to $5.28 billion in 2024, a change of 28.4%.

How much debt does Axalta Coating Systems have?

Axalta Coating Systems' total liabilities were at $5.29 billion at the end of 2024, a 3.7% decrease from 2023, and a 12.9% increase since 2015.

How much cash does Axalta Coating Systems have?

In the past 9 years, Axalta Coating Systems' cash and equivalents has ranged from $485 million in 2015 to $1.36 billion in 2020, and is currently $593 million as of their latest financial filing in 2024.

How has Axalta Coating Systems' book value per share changed over the last 9 years?

Over the last 9 years, Axalta Coating Systems' book value per share changed from 4.51 in 2015 to 8.77 in 2024, a change of 94.2%.

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This page (NYSE:AXTA) was last updated on 4/15/2025 by MarketBeat.com Staff

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Axalta Coating Systems (AXTA) Financials

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Axalta Coating Systems (AXTA) Financials

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