Axalta Coating Systems Ltd. (AXTA)

Axalta Coating Systems Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	5,184	4,884	4,416	3,738	4,482
Revenue Growth (YoY)	6.14%	10.60%	18.16%	-16.61%	-4.55%
Cost of Revenue	3,566	3,466	2,987	2,458	2,918
Gross Profit	1,619	1,419	1,429	1,280	1,564
Selling, General & Admin	840.1	772.4	738.7	695	822.1
Research & Development	74	66.4	62.4	55.2	70.2
Other Operating Expenses	116.9	156.8	165.4	224	183.8
Operating Expenses	1,031	995.6	966.5	974.2	1,076
Operating Income	587.5	423.2	462.4	305.5	488.2
Interest Expense / Income	213.3	139.8	134.2	149.9	162.6
Other Expense / Income	20.6	26.7	-11.8	33.8	-0.8
Pretax Income	353.6	256.7	340	121.8	326.4
Income Tax	86.2	65.1	76.1	0.2	77.4
Net Income	267.4	191.6	263.9	121.6	249
Net Income Growth	39.56%	-27.40%	117.02%	-51.16%	20.23%
Shares Outstanding (Basic)	220	221	228	235	235
Shares Change	-0.24%	-3.39%	-3.03%	0.35%	-1.70%
EPS (Basic)	1.21	0.86	1.14	0.52	1.06
EPS (Diluted)	1.21	0.86	1.14	0.52	1.06
EPS Growth	40.70%	-24.56%	119.23%	-50.94%	24.71%
Free Cash Flow	437.7	146.6	474.8	427.4	460.6
Free Cash Flow Per Share	1.99	0.67	2.08	1.81	1.96
Gross Margin	31.22%	29.05%	32.36%	34.24%	34.90%
Operating Margin	11.33%	8.66%	10.47%	8.17%	10.89%
Profit Margin	5.16%	3.92%	5.98%	3.25%	5.56%
Free Cash Flow Margin	8.44%	3.00%	10.75%	11.44%	10.28%
Effective Tax Rate	24.38%	25.36%	22.38%	0.16%	23.71%
EBITDA	842.5	699.6	790.7	592	842
EBITDA Margin	16.25%	14.32%	17.90%	15.84%	18.79%
Depreciation & Amortization	275.6	303.1	316.5	320.3	353
EBIT	566.9	396.5	474.2	271.7	489
EBIT Margin	10.94%	8.12%	10.74%	7.27%	10.91%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).