Axalta Coating Systems Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	455	391	267	192	263.9	121.6
Depreciation & Amortization	227	216	212	244	316.5	310.8
Other Amortization	66	66	73	69	8.9	9
Asset Writedown & Restructuring Costs	5	5	15	24	-18.9	9.5
Stock-Based Compensation	26	28	26	22	14.9	15.1
Other Operating Activities	32	-7	37	14	18.7	-15
Change in Accounts Receivable	-39	-7	-119	-171	-80.5	-26
Change in Inventory	13	12	103	-195	-111.6	39.6
Change in Accounts Payable	-46	-49	9	138	140.1	103
Change in Other Net Operating Assets	-200	-79	-48	-43	6.6	-58.3
Operating Cash Flow	539	576	575	294	558.6	509.3
Operating Cash Flow Growth	-14.17%	0.17%	95.58%	-47.37%	9.68%	-11.13%
Capital Expenditures	-200	-140	-138	-151	-121.6	-82.1
Sale of Property, Plant & Equipment	-	-	-	-	37.8	-
Cash Acquisitions	-17	-301	-106	-3	-649	-1
Divestitures	-	-	-	-	-	0.2
Other Investing Activities	33	23	41	52	16.8	21.4
Investing Cash Flow	-188	-440	-206	-106	-716	-61.5
Short-Term Debt Issued	-	-	9	-	-	-
Long-Term Debt Issued	-	333	697	1,980	-	1,200
Total Debt Issued	41	333	706	1,980	-	1,200
Short-Term Debt Repaid	-	-5	-50	-91	-74	-38.8
Long-Term Debt Repaid	-	-420	-904	-2,042	-26.9	-1,223
Total Debt Repaid	-172	-425	-954	-2,133	-100.9	-1,262
Net Debt Issued (Repaid)	-131	-92	-248	-153	-100.9	-62.1
Issuance of Common Stock	3	4	8	-	14.4	4.3
Repurchase of Common Stock	-165	-100	-50	-200	-243.8	-26
Other Financing Activities	-13	-13	-25	-16	-4.2	-47.1
Financing Cash Flow	-306	-201	-315	-369	-334.5	-130.9
Foreign Exchange Rate Adjustments	-6	-42	-6	-15	-20.9	26.6
Net Cash Flow	39	-107	48	-196	-512.8	343.5
Free Cash Flow	339	436	437	143	437	427.2
Free Cash Flow Growth	-34.43%	-0.23%	205.59%	-67.28%	2.29%	-7.25%
Free Cash Flow Margin	6.56%	8.26%	8.43%	2.93%	9.89%	11.43%
Free Cash Flow Per Share	1.55	1.98	1.97	0.64	1.88	1.81
Cash Interest Paid	198	198	213	127	118.1	151.7
Cash Income Tax Paid	131	131	97	63	57.9	25.9
Levered Free Cash Flow	312.13	443.88	392.28	178.53	380.13	510.91
Unlevered Free Cash Flow	428.25	575	522.65	268.53	465.66	603.66
Change in Working Capital	-272	-123	-55	-271	-45.4	58.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.