Axalta Coating Systems Ltd.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 13, 2026
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities: | |||
| Net income | $379 | $391 | $269 |
| Adjustment to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 295 | 280 | 276 |
| Amortization of deferred financing costs and original issue discount | 8 | 7 | 9 |
| Debt extinguishment and refinancing-related costs | 2 | 5 | 10 |
| Deferred income taxes | 45 | (17) | (8) |
| Realized and unrealized foreign exchange losses, net | 31 | 11 | 21 |
| Stock-based compensation | 25 | 28 | 26 |
| Impairment charges | 1 | — | 15 |
| Interest income on swaps designated as net investment hedges | (13) | (15) | (10) |
| Other non-cash, net | 3 | 9 | 22 |
| Changes in operating assets and liabilities: | |||
| Trade accounts and notes receivable | 97 | (7) | (119) |
| Inventories | 33 | 12 | 103 |
| Prepaid expenses and other assets | (129) | (130) | (71) |
| Accounts payable | (77) | (49) | 9 |
| Other accrued liabilities | (64) | 36 | 29 |
| Other liabilities | 13 | 15 | (6) |
| Cash provided by operating activities | 649 | 576 | 575 |
| Investing activities: | |||
| Acquisitions, net of cash acquired | $(48) | $(301) | $(106) |
| Purchase of property, plant and equipment | (196) | (140) | (138) |
| Interest proceeds on swaps designated as net investment hedges | 13 | 15 | 10 |
| Settlement proceeds on swaps designated as net investment hedges | — | — | 29 |
| Payments for loans to customers | (10) | (22) | (3) |
| Other investing activities, net | 29 | 8 | 2 |
| Cash used for investing activities | (212) | (440) | (206) |
| Financing activities: | |||
| Proceeds from short-term borrowings | — | — | 9 |
| Proceeds from long-term borrowings | — | 333 | 697 |
| Payments on short-term borrowings | — | (5) | (50) |
| Payments on long-term borrowings | (230) | (420) | (904) |
| Financing-related costs | (1) | (6) | (17) |
| Net cash flows associated with stock-based awards | (3) | 4 | 8 |
| Purchases of common stock | (165) | (100) | (50) |
| Deferred acquisition-related consideration | (1) | (6) | (8) |
| Other financing activities, net | (1) | (1) | — |
| Cash used for financing activities | (401) | $(201) | (315) |
| Increase (decrease) in cash and cash equivalents | 36 | (65) | 54 |
| Effect of exchange rate changes on cash | 28 | (42) | (6) |
| Cash at beginning of period | 596 | 703 | 655 |
| Cash at end of period | $660 | $596 | $703 |
| Cash at end of period reconciliation: | |||
| Cash and cash equivalents | $657 | $593 | $700 |
| Restricted cash | 3 | 3 | 3 |
| Cash at end of period | $660 | $596 | $703 |
| Supplemental cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of amounts capitalized | $172 | $198 | $213 |
| Income taxes, net of refunds | 107 | 131 | 97 |
| Non-cash investing activities: | |||
| Accrued capital expenditures | $26 | $18 | $13 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.