AXTA FY 2020 Earnings Report — Axalta Coating Systems Ltd. Revenue & Financial Results | Market Cap Arena

Axalta Coating Systems Ltd.AXTA

FY 2020 Earnings

Reported February 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$3.7B	—	—	—	—
Op. Income	$306M	—	—	—	—
Gross Margin	34.2%	—	—	—	—
Net Margin	3.3%	—	—	—	—
EPS (Diluted)	$0.52	—	—	—	—
Free Cash Flow	$427M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.3B
R&D Expenses	$55M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$695M
Other Expenses	$224M
Operating Expenses	$974M
Cost & Expenses	$3.4B
OPERATING INCOME	$306M
Interest Income	$0
Interest Expense	$150M
Other Income/Expenses	-$183M
INCOME BEFORE TAX	$122M
Income Tax Expense	$200.0K
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$320M
EBIT	$272M
EBITDA	$592M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.3B
R&D Expenses	$55M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$695M
Other Expenses	$224M
Operating Expenses	$974M
Cost & Expenses	$3.4B
OPERATING INCOME	$306M
Interest Income	$0
Interest Expense	$150M
Other Income/Expenses	-$183M
INCOME BEFORE TAX	$122M
Income Tax Expense	$200.0K
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$320M
EBIT	$272M
EBITDA	$592M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$122M
Depreciation & Amortization	$320M
Stock-Based Compensation	$15M
Deferred Income Tax	-$55M
Other Non-Cash Items	$49M
Change in Working Capital	$58M
OPERATING CASH FLOW	$509M
Capital Expenditure	-$82M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$62M
Net Debt Issuance	-$62M
Common Stock Repurchased	-$26M
Common Dividends Paid	-$900.0K
Other Financing Activities	-$42M
NET CASH FROM FINANCING	-$131M
FREE CASH FLOW	$427M
Net Change in Cash	$344M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$907M
Inventory	$560M
Other Current Assets	$95M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$1.3B
Goodwill	$1.3B
Intangible Assets	$1.1B
Long-Term Investments	$2M
Tax Assets	$224M
Other Non-Current Assets	$266M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$7.2B
Account Payables	$513M
Short-Term Debt	$83M
Deferred Revenue	$0
Other Current Liabilities	$350M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$3.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$114M
Other Non-Current Liabilities	$468M
TOTAL NON-CURRENT LIABILITIES	$4.5B
TOTAL LIABILITIES	$5.7B
Common Stock	$251M
Additional Paid-In Capital	$1.5B
Retained Earnings	$563M
Treasury Stock	-$444M
Accum. Other Comp. Income	-$425M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$47M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$4.0B
Net Debt	$2.6B