AXTA: Axalta Coating Systems Ltd Financial Statements
Balance sheet, income statement, and cash flow statements for Axalta Coating Systems Ltd (AXTA).
$7.46B Market Cap.
AXTA Market Cap. (MRY)
AXTA Shares Outstanding (MRY)
AXTA Assets (MRY)
Total Assets
$7.25B
Total Liabilities
$5.29B
Total Investments
$0
AXTA Income (MRY)
Revenue
$5.28B
Net Income
$391.00M
Operating Expense
$1.09B
AXTA Cash Flow (MRY)
CF Operations
$576.00M
CF Investing
-$440.00M
CF Financing
-$201.00M
AXTA Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $7,249,000,000 (-0.32%) | $7,272,000,000 (3.01%) | $7,059,200,000 (-2.19%) | $7,217,200,000 (0.84%) |
Assets Current | $2,723,000,000 (-3.47%) | $2,821,000,000 (4.76%) | $2,692,700,000 (4.55%) | $2,575,600,000 (-11.97%) |
Assets Non-Current | $4,526,000,000 (1.69%) | $4,451,000,000 (1.94%) | $4,366,500,000 (-5.93%) | $4,641,600,000 (9.70%) |
Goodwill & Intangible Assets | $2,789,000,000 (2.50%) | $2,721,000,000 (4.24%) | $2,610,300,000 (-9.08%) | $2,870,900,000 (17.48%) |
Shareholders Equity | $1,912,000,000 (10.71%) | $1,727,000,000 (18.82%) | $1,453,500,000 (-2.64%) | $1,492,900,000 (4.18%) |
Property Plant & Equipment Net | $1,181,000,000 (-1.91%) | $1,204,000,000 (1.16%) | $1,190,200,000 (0.34%) | $1,186,200,000 (-0.69%) |
Cash & Equivalents | $596,000,000 (-15.22%) | $703,000,000 (7.34%) | $654,900,000 (-23.06%) | $851,200,000 (-37.60%) |
Accumulated Other Comprehensive Income | -$582,000,000 (-31.08%) | -$444,000,000 (4.90%) | -$466,900,000 (-12.67%) | -$414,400,000 (2.45%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $734,000,000 (-0.94%) | $741,000,000 (-10.68%) | $829,600,000 (23.88%) | $669,700,000 (19.61%) |
Trade & Non-Trade Receivables | $1,248,000,000 (-0.95%) | $1,260,000,000 (18.04%) | $1,067,400,000 (13.86%) | $937,500,000 (7.78%) |
Trade & Non-Trade Payables | $659,000,000 (-9.10%) | $725,000,000 (-1.16%) | $733,500,000 (11.58%) | $657,400,000 (16.48%) |
Accumulated Retained Earnings (Deficit) | $1,677,000,000 (30.40%) | $1,286,000,000 (26.23%) | $1,018,800,000 (23.16%) | $827,200,000 (46.85%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $151,000,000 (-6.79%) | $162,000,000 (-0.06%) | $162,100,000 (-7.21%) | $174,700,000 (53.25%) |
Total Debt | $3,421,000,000 (-2.37%) | $3,504,000,000 (-5.41%) | $3,704,300,000 (-3.27%) | $3,829,600,000 (-1.62%) |
Debt Current | $20,000,000 (-23.08%) | $26,000,000 (-16.13%) | $31,000,000 (-61.10%) | $79,700,000 (47.05%) |
Debt Non-Current | $3,401,000,000 (-2.21%) | $3,478,000,000 (-5.32%) | $3,673,300,000 (-2.04%) | $3,749,900,000 (-2.31%) |
Total Liabilities | $5,293,000,000 (-3.75%) | $5,499,000,000 (-1.09%) | $5,559,700,000 (-2.09%) | $5,678,500,000 (0.02%) |
Liabilities Current | $1,354,000,000 (-5.18%) | $1,428,000,000 (3.13%) | $1,384,700,000 (3.73%) | $1,334,900,000 (13.04%) |
Liabilities Non-Current | $3,939,000,000 (-3.24%) | $4,071,000,000 (-2.49%) | $4,175,000,000 (-3.88%) | $4,343,600,000 (-3.40%) |
AXTA Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $5,276,000,000 (1.77%) | $5,184,000,000 (6.14%) | $4,884,000,000 (10.59%) | $4,416,200,000 (18.16%) |
Cost of Revenue | $3,478,000,000 (-2.47%) | $3,566,000,000 (2.89%) | $3,466,000,000 (16.02%) | $2,987,300,000 (21.54%) |
Selling General & Administrative Expense | $847,000,000 (0.83%) | $840,000,000 (8.81%) | $772,000,000 (4.51%) | $738,700,000 (6.29%) |
Research & Development Expense | $74,000,000 (0.00%) | $74,000,000 (12.12%) | $66,000,000 (5.77%) | $62,400,000 (13.04%) |
Operating Expenses | $1,092,000,000 (6.02%) | $1,030,000,000 (3.52%) | $995,000,000 (2.95%) | $966,500,000 (-0.79%) |
Interest Expense | $205,000,000 (-3.76%) | $213,000,000 (52.14%) | $140,000,000 (4.32%) | $134,200,000 (-10.47%) |
Income Tax Expense | $105,000,000 (22.09%) | $86,000,000 (32.31%) | $65,000,000 (-14.59%) | $76,100,000 (37950.00%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $391,000,000 (45.35%) | $269,000,000 (40.10%) | $192,000,000 (-27.38%) | $264,400,000 (116.72%) |
Net Income to Non-Controlling Interests | $0 (0%) | $2,000,000 (0%) | $0 (0%) | $500,000 (25.00%) |
Net Income | $391,000,000 (46.44%) | $267,000,000 (39.06%) | $192,000,000 (-27.25%) | $263,900,000 (117.02%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $391,000,000 (46.44%) | $267,000,000 (39.06%) | $192,000,000 (-27.25%) | $263,900,000 (117.02%) |
Weighted Average Shares | $218,063,244 (-0.92%) | $220,083,039 (-0.24%) | $220,608,935 (-3.39%) | $228,350,964 (-3.03%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $701,000,000 (23.85%) | $566,000,000 (42.57%) | $397,000,000 (-16.28%) | $474,200,000 (74.53%) |
Gross Profit | $1,798,000,000 (11.12%) | $1,618,000,000 (14.10%) | $1,418,000,000 (-0.76%) | $1,428,900,000 (11.66%) |
Operating Income | $706,000,000 (20.07%) | $588,000,000 (39.01%) | $423,000,000 (-8.52%) | $462,400,000 (51.36%) |
AXTA Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$440,000,000 (-113.59%) | -$206,000,000 (-94.34%) | -$106,000,000 (85.20%) | -$716,000,000 (-1064.23%) |
Net Cash Flow from Financing | -$201,000,000 (36.19%) | -$315,000,000 (14.63%) | -$369,000,000 (-10.31%) | -$334,500,000 (-155.54%) |
Net Cash Flow from Operations | $576,000,000 (0.17%) | $575,000,000 (95.58%) | $294,000,000 (-47.37%) | $558,600,000 (9.68%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$65,000,000 (-220.37%) | $54,000,000 (129.83%) | -$181,000,000 (63.20%) | -$491,900,000 (-255.22%) |
Net Cash Flow - Business Acquisitions and Disposals | -$301,000,000 (-183.96%) | -$106,000,000 (-3433.33%) | -$3,000,000 (99.54%) | -$649,000,000 (-64800.00%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$7,000,000 (-119.44%) | $36,000,000 (-12.20%) | $41,000,000 (127.78%) | $18,000,000 (24.14%) |
Capital Expenditure | -$140,000,000 (-1.45%) | -$138,000,000 (8.61%) | -$151,000,000 (-80.19%) | -$83,800,000 (-2.32%) |
Issuance (Repayment) of Debt Securities | -$92,000,000 (62.90%) | -$248,000,000 (-62.09%) | -$153,000,000 (-51.64%) | -$100,900,000 (-62.48%) |
Issuance (Purchase) of Equity Shares | -$100,000,000 (-100.00%) | -$50,000,000 (75.00%) | -$200,000,000 (17.97%) | -$243,800,000 (-837.69%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$42,000,000 (-600.00%) | -$6,000,000 (60.00%) | -$15,000,000 (28.23%) | -$20,900,000 (-178.57%) |
Share Based Compensation | $28,000,000 (7.69%) | $26,000,000 (18.18%) | $22,000,000 (47.65%) | $14,900,000 (-1.32%) |
Depreciation Amortization & Accretion | $280,000,000 (1.45%) | $276,000,000 (-8.91%) | $303,000,000 (-4.27%) | $316,500,000 (-1.19%) |
AXTA Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 34.10% (9.29%) | 31.20% (7.59%) | 29.00% (-10.49%) | 32.40% (-5.26%) |
Profit Margin | 7.40% (42.31%) | 5.20% (33.33%) | 3.90% (-35.00%) | 6.00% (81.82%) |
EBITDA Margin | 18.60% (14.81%) | 16.20% (13.29%) | 14.30% (-20.11%) | 17.90% (13.29%) |
Return on Average Equity (ROAE) | 21.40% (31.29%) | 16.30% (15.60%) | 14.10% (-22.95%) | 18.30% (98.91%) |
Return on Average Assets (ROAA) | 5.40% (42.11%) | 3.80% (35.71%) | 2.80% (-24.32%) | 3.70% (105.56%) |
Return on Sales (ROS) | 13.30% (22.02%) | 10.90% (34.57%) | 8.10% (-24.30%) | 10.70% (46.58%) |
Return on Invested Capital (ROIC) | 11.60% (24.73%) | 9.30% (45.31%) | 6.40% (-16.88%) | 7.70% (75.00%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 19.23 (-31.52%) | 28.07 (-5.21%) | 29.62 (1.94%) | 29.05 (-47.08%) |
Price to Sales Ratio (P/S) | 1.41 (-1.94%) | 1.44 (25.39%) | 1.15 (-32.87%) | 1.71 (-4.78%) |
Price to Book Ratio (P/B) | 3.9 (-9.84%) | 4.33 (11.98%) | 3.87 (-23.69%) | 5.07 (7.99%) |
Debt to Equity Ratio (D/E) | 2.77 (-13.07%) | 3.18 (-16.76%) | 3.83 (0.55%) | 3.8 (-3.99%) |
Earnings Per Share (EPS) | 1.78 (47.11%) | 1.21 (40.70%) | 0.86 (-24.56%) | 1.14 (119.23%) |
Sales Per Share (SPS) | 24.2 (2.72%) | 23.55 (6.40%) | 22.14 (14.47%) | 19.34 (21.85%) |
Free Cash Flow Per Share (FCFPS) | 2 (0.65%) | 1.99 (206.48%) | 0.65 (-68.83%) | 2.08 (14.55%) |
Book Value Per Share (BVPS) | 8.77 (11.74%) | 7.85 (19.09%) | 6.59 (0.78%) | 6.54 (7.43%) |
Tangible Assets Book Value Per Share (TABVPS) | 20.45 (-1.09%) | 20.68 (2.54%) | 20.17 (5.95%) | 19.03 (-4.92%) |
Enterprise Value Over EBIT (EV/EBIT) | 15 (-16.67%) | 18 (-18.18%) | 22 (-4.35%) | 23 (-34.29%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 10.62 (-14.12%) | 12.36 (-1.90%) | 12.6 (-7.45%) | 13.62 (-14.58%) |
Asset Turnover | 0.72 (-1.09%) | 0.73 (4.57%) | 0.7 (13.64%) | 0.62 (12.20%) |
Current Ratio | 2.01 (1.82%) | 1.98 (1.54%) | 1.95 (0.83%) | 1.93 (-22.15%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $436,000,000 (-0.23%) | $437,000,000 (205.59%) | $143,000,000 (-69.88%) | $474,800,000 (11.09%) |
Enterprise Value (EV) | $10,416,124,210 (0.05%) | $10,410,720,835 (18.01%) | $8,822,209,574 (-18.07%) | $10,767,383,928 (14.08%) |
Earnings Before Tax (EBT) | $496,000,000 (40.51%) | $353,000,000 (37.35%) | $257,000,000 (-24.41%) | $340,000,000 (179.15%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $981,000,000 (16.51%) | $842,000,000 (20.29%) | $700,000,000 (-11.47%) | $790,700,000 (33.56%) |
Invested Capital | $5,931,000,000 (0.12%) | $5,924,000,000 (-3.10%) | $6,113,600,000 (2.07%) | $5,989,800,000 (-1.18%) |
Working Capital | $1,369,000,000 (-1.72%) | $1,393,000,000 (6.50%) | $1,308,000,000 (5.42%) | $1,240,700,000 (-28.90%) |
Tangible Asset Value | $4,460,000,000 (-2.00%) | $4,551,000,000 (2.29%) | $4,448,900,000 (2.36%) | $4,346,300,000 (-7.79%) |
Market Capitalization | $7,462,124,210 (-0.19%) | $7,476,220,835 (33.05%) | $5,618,909,574 (-25.71%) | $7,562,983,928 (12.50%) |
Average Equity | $1,830,250,000 (11.85%) | $1,636,350,000 (20.58%) | $1,357,100,000 (-6.11%) | $1,445,350,000 (9.56%) |
Average Assets | $7,286,000,000 (2.94%) | $7,077,925,000 (1.47%) | $6,975,575,000 (-2.71%) | $7,170,100,000 (5.24%) |
Invested Capital Average | $6,020,000,000 (-1.19%) | $6,092,500,000 (-1.14%) | $6,162,900,000 (0.67%) | $6,121,950,000 (-0.28%) |
Shares | 218,063,244 (-0.92%) | 220,083,039 (-0.24%) | 220,608,935 (-3.39%) | 228,350,964 (-3.03%) |
