Axalta Coating Systems Ltd
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
AXTA$37.38-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $254 | $195 |
| Adjustment to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 207 | 207 |
| Amortization of deferred financing costs and original issue discount | 6 | 7 |
| Debt extinguishment and refinancing-related costs | 3 | 7 |
| Deferred income taxes | 10 | (8) |
| Realized and unrealized foreign exchange losses, net | 12 | 21 |
| Stock-based compensation | 21 | 19 |
| Impairment charges | — | 15 |
| Interest income on swaps designated as net investment hedges | (10) | (9) |
| Other non-cash, net | 5 | 25 |
| Changes in operating assets and liabilities: | ||
| Trade accounts and notes receivable | (16) | (213) |
| Inventories | (54) | 66 |
| Prepaid expenses and other assets | (106) | (68) |
| Accounts payable | (18) | 17 |
| Other accrued liabilities | (2) | 9 |
| Other liabilities | 30 | (1) |
| Cash provided by operating activities | 342 | 289 |
| Investing activities: | ||
| Acquisitions, net of cash acquired | (290) | — |
| Purchase of property, plant and equipment | (78) | (105) |
| Interest proceeds on swaps designated as net investment hedges | 10 | 9 |
| Settlement proceeds on swaps designated as net investment hedges | — | 29 |
| Payments for loans to customers | (21) | (1) |
| Other investing activities, net | 5 | 3 |
| Cash used for investing activities | (374) | (65) |
| Financing activities: | ||
| Proceeds from short-term borrowings | — | 9 |
| Proceeds from long-term borrowings | 292 | 197 |
| Payments on short-term borrowings | (5) | (40) |
| Payments on long-term borrowings | (273) | (359) |
| Financing-related costs | (5) | (9) |
| Purchases of common stock | (100) | (50) |
| Net cash flows associated with stock-based awards | 1 | 7 |
| Deferred acquisition-related consideration | — | (8) |
| Other financing activities, net | — | 1 |
| Cash used for financing activities | (90) | (252) |
| Decrease in cash | (122) | (28) |
| Effect of exchange rate changes on cash | (10) | (19) |
| Cash at beginning of period | 703 | 655 |
| Cash at end of period | $571 | $608 |
| Cash at end of period reconciliation: | ||
| Cash and cash equivalents | $567 | $606 |
| Restricted cash | 4 | 2 |
| Cash at end of period | $571 | $608 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.