Axalta Coating Systems Ltd.
Business
Axalta Coating Systems Ltd. is a global manufacturer, marketer and distributor of high-performance coatings systems and products with over 150 years in the industry. The company provides liquid and powder coating solutions for automotive refinish, industrial applications, and original equipment manufacturer (OEM) vehicle coatings across four end-markets: refinish, industrial, light vehicle and commercial vehicle. Axalta operates through two reportable segments—Performance Coatings and Mobility Coatings—serving customers in more than 140 countries via a global sales force, technical support organization and independent distributors.
Summary from 10-K filed 2026-02-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 5,117 | 5,276 | 5,184 | 4,884 | 4,416 | |
| Cost of goods sold | 3,355 | 3,478 | 3,566 | 3,466 | 2,987 | |
| Selling, general and administrative expenses | 805 | 847 | 840 | 772 | 739 | |
| Other operating charges | 53 | 79 | 28 | 32 | 44 | |
| Research and development expenses | 71 | 74 | 74 | 66 | 62 | |
| Amortization of acquired intangibles | 98 | 92 | 88 | 125 | 121 | |
| Income from operations | 735 | 706 | 588 | 423 | 462 | |
| Interest expense, net | 176 | 205 | 213 | 140 | — | |
| Other expense, net | 13 | 5 | 20 | 26 | −12 | |
| Income before income taxes | 546 | 496 | 355 | 257 | 341 | |
| Provision for income taxes | 167 | 105 | 86 | 65 | 76 | |
| Net income | 379 | 391 | 269 | 192 | 264 | |
| Less: Net income attributable to noncontrolling interests | 1 | 0 | 2 | 0 | 500,000 | |
| Net income attributable to common shareholders | 378 | 391 | 267 | 192 | 264 | |
| Basic net income per share (in dollars per share) | 1.75 | 1.78 | 1.21 | 0.86 | 1.14 | |
| Diluted net income per share (in dollars per share) | 1.74 | 1.78 | 1.21 | 0.86 | 1.14 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 657 | 593 | 700 | 645 | 841 | |
| Restricted cash | 3 | 3 | 3 | 10 | 11 | |
| Accounts and notes receivable, net | 1,229 | 1,248 | 1,260 | 1,067 | 938 | |
| Inventories | 756 | 734 | 741 | 830 | 670 | |
| Prepaid expenses and other current assets | 170 | 145 | 117 | 141 | 117 | |
| Total current assets | 2,815 | 2,723 | 2,821 | 2,693 | 2,576 | |
| Property, plant and equipment, net | 1,299 | 1,181 | 1,204 | 1,190 | 1,186 | |
| Goodwill | 1,795 | 1,640 | 1,591 | 1,498 | 1,593 | |
| Identifiable intangibles, net | 1,147 | 1,149 | 1,130 | 1,112 | 1,278 | |
| Other assets | 543 | 556 | 526 | 566 | 585 | |
| Total assets | 7,599 | 7,249 | 7,272 | 7,059 | 7,217 | |
| Accounts payable | 637 | 659 | 725 | 734 | 657 | |
| Current portion of borrowings | 20 | 20 | 26 | 31 | 80 | |
| Other accrued liabilities | 712 | 675 | 677 | 620 | 598 | |
| Total current liabilities | 1,369 | 1,354 | 1,428 | 1,385 | 1,335 | |
| Long-term borrowings | 3,179 | 3,401 | 3,478 | 3,673 | 3,750 | |
| Accrued pensions | 238 | 220 | 252 | 205 | 269 | |
| Deferred income taxes | 171 | 151 | 162 | 162 | 175 | |
| Other liabilities | 249 | 167 | 179 | 135 | 150 | |
| Total liabilities | 5,206 | 5,293 | 5,499 | 5,560 | 5,679 | |
| Commitments and contingent liabilities (Note 5) | — | — | — | — | — | |
| Common shares, $1.00 par, 1,000.0 shares authorized, 255.1 and 254.5 shares issued at December 31, 2025 and 2024, respectively | 255 | 255 | 254 | 252 | 252 | |
| Capital in excess of par | 1,621 | 1,599 | 1,568 | 1,537 | 1,516 | |
| Retained earnings | 2,055 | 1,677 | 1,286 | 1,019 | 827 | |
| Treasury shares, at cost, 41.7 and 36.4 shares at December 31, 2025 and 2024, respectively | −1,202 | −1,037 | −937 | — | — | |
| Accumulated other comprehensive loss | −383 | −582 | −444 | −467 | −414 | |
| Total Axalta shareholders equity | 2,346 | 1,912 | 1,727 | 1,454 | 1,493 | |
| Noncontrolling interests | 47 | 44 | 46 | 46 | 46 | |
| Total shareholders equity | 2,393 | 1,956 | 1,773 | 1,500 | 1,540 | |
| Total liabilities and shareholders equity | 7,599 | 7,249 | 7,272 | 7,059 | 7,217 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 295 | 280 | 276 | 303 | 317 | |
| Amortization of deferred financing costs and original issue discount | 8 | 7 | 9 | 10 | 9 | |
| Debt extinguishment and refinancing-related costs | 2 | 5 | 10 | 15 | — | |
| Deferred income taxes | 45 | −17 | −8 | −3 | 15 | |
| Realized and unrealized foreign exchange losses, net | 31 | 11 | 21 | 16 | 10 | |
| Stock-based compensation | 25 | 28 | 26 | 22 | 15 | |
| Impairment charges | 1 | 0 | 15 | 1 | 800,000 | |
| Interest income on swaps designated as net investment hedges | −13 | −15 | −10 | −20 | −18 | |
| Other non-cash, net | 3 | 9 | 22 | 6 | 11 | |
| Trade accounts and notes receivable | 97 | −7 | −119 | −171 | −81 | |
| Inventories | 33 | 12 | 103 | −195 | −112 | |
| Prepaid expenses and other assets | −129 | −130 | −71 | −81 | −45 | |
| Accounts payable | −77 | −49 | 9 | 138 | 140 | |
| Other accrued liabilities | −64 | 36 | 29 | 45 | 66 | |
| Other liabilities | 13 | 15 | −6 | −7 | −14 | |
| Cash provided by operating activities | 649 | 576 | 575 | 294 | 559 | |
| Acquisitions, net of cash acquired | −48 | −301 | −106 | −3 | −649 | |
| Purchase of property, plant and equipment | −196 | −140 | −138 | −151 | −122 | |
| Interest proceeds on swaps designated as net investment hedges | 13 | 15 | 10 | 20 | 18 | |
| Settlement proceeds on swaps designated as net investment hedges | 0 | 0 | 29 | 25 | 0 | |
| Payments for loans to customers | −10 | −22 | −3 | −4 | — | |
| Other investing activities, net | 29 | 8 | 2 | 7 | −1 | |
| Cash used for investing activities | −212 | −440 | −206 | −106 | −716 | |
| Proceeds from short-term borrowings | 0 | 0 | 9 | 0 | 0 | |
| Proceeds from long-term borrowings | 0 | 333 | 697 | 1,980 | — | |
| Payments on short-term borrowings | 0 | −5 | −50 | −91 | −74 | |
| Payments on long-term borrowings | −230 | −420 | −904 | −2,042 | −27 | |
| Financing-related costs | −1 | −6 | −17 | −15 | — | |
| Net cash flows associated with stock-based awards | −3 | — | — | −300,000 | — | |
| Net cash flows associated with stock-based awards (shares) | — | 4 | 8 | 0 | 14 | |
| Purchases of common stock | −165 | −100 | −50 | −200 | −244 | |
| Deferred acquisition-related consideration | −1 | −6 | −8 | 0 | −500,000 | |
| Other financing activities, net | −1 | −1 | 0 | −1 | −700,000 | |
| Cash used for financing activities | −401 | −201 | −315 | −369 | −335 | |
| Increase (decrease) in cash and cash equivalents | 36 | −65 | 54 | −181 | −492 | |
| Effect of exchange rate changes on cash | 28 | −42 | −6 | −15 | −21 | |
| Interest, net of amounts capitalized | 172 | 198 | 213 | 127 | 118 | |
| Income taxes, net of refunds | 107 | 131 | 97 | 63 | 58 | |
| Accrued capital expenditures | 26 | 18 | 13 | 32 | 35 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Axalta Coating Systems Ltd.'s CIK number?
Axalta Coating Systems Ltd.'s SEC CIK number is 0001616862 (1616862). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Axalta Coating Systems Ltd.'s SEC filings?
All of Axalta Coating Systems Ltd.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Axalta Coating Systems Ltd. last report earnings?
Axalta Coating Systems Ltd. (AXTA) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-028553). This is Axalta Coating Systems Ltd.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Axalta Coating Systems Ltd.'s most recent earnings 8-K?
Axalta Coating Systems Ltd.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001628280-26-028553. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Axalta Coating Systems Ltd.'s latest earnings 8-K →
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