Axalta Coating Systems Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	378	391	267	192	263.9
Depreciation & Amortization	295	216	212	244	316.5
Other Amortization	8	66	73	69	8.9
Asset Writedown & Restructuring Costs	1	5	15	24	-18.9
Stock-Based Compensation	25	28	26	22	14.9
Other Operating Activities	69	-7	37	14	18.7
Change in Accounts Receivable	97	-7	-119	-171	-80.5
Change in Inventory	33	12	103	-195	-111.6
Change in Accounts Payable	-77	-49	9	138	140.1
Change in Other Net Operating Assets	-180	-79	-48	-43	6.6
Operating Cash Flow	649	576	575	294	558.6
Operating Cash Flow Growth	12.67%	0.17%	95.58%	-47.37%	9.68%
Capital Expenditures	-196	-140	-138	-151	-121.6
Sale of Property, Plant & Equipment	-	-	-	-	37.8
Cash Acquisitions	-48	-301	-106	-3	-649
Other Investing Activities	42	23	41	52	16.8
Investing Cash Flow	-212	-440	-206	-106	-716
Short-Term Debt Issued	-	-	9	-	-
Long-Term Debt Issued	-	333	697	1,980	-
Total Debt Issued	-	333	706	1,980	-
Short-Term Debt Repaid	-	-5	-50	-91	-74
Long-Term Debt Repaid	-230	-420	-904	-2,042	-26.9
Total Debt Repaid	-230	-425	-954	-2,133	-100.9
Net Debt Issued (Repaid)	-230	-92	-248	-153	-100.9
Issuance of Common Stock	-	4	8	-	14.4
Repurchase of Common Stock	-165	-100	-50	-200	-243.8
Other Financing Activities	-6	-13	-25	-16	-4.2
Financing Cash Flow	-401	-201	-315	-369	-334.5
Foreign Exchange Rate Adjustments	28	-42	-6	-15	-20.9
Net Cash Flow	64	-107	48	-196	-512.8
Free Cash Flow	453	436	437	143	437
Free Cash Flow Growth	3.90%	-0.23%	205.59%	-67.28%	2.29%
Free Cash Flow Margin	8.85%	8.26%	8.43%	2.93%	9.89%
Free Cash Flow Per Share	2.09	1.98	1.97	0.64	1.88
Cash Interest Paid	-	198	213	127	118.1
Cash Income Tax Paid	-	131	97	63	57.9
Levered Free Cash Flow	495.38	443.88	392.28	178.53	380.13
Unlevered Free Cash Flow	597.38	575	522.65	268.53	465.66
Change in Working Capital	-127	-123	-55	-271	-45.4

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