Axalta coating systems ltd. (AXTA)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Dec'13
Assets
Current assets:
Cash and cash equivalents

657

1,017

767

577

501

693

588

551

600

769

588

482

439

535

528

480

419

485

411

307

222

382

233

459

Restricted cash

2

3

2

7

2

2

2

2

2

3

3

2

2

2

2

3

2

2

2

2

2

4

4

0

Accounts and notes receivable, net

777

830

935

980

920

860

958

974

940

870

889

961

872

801

871

838

792

765

833

869

833

820

919

865

Inventories

596

591

597

610

626

613

618

599

641

608

624

580

559

529

545

519

543

530

540

555

541

538

580

550

Prepaid expenses and other current assets

155

131

130

136

210

139

128

129

116

63

68

68

62

50

58

62

64

63

75

78

82

62

61

50

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

58

54

-

50

50

68

64

39

30

Total current assets

2,189

2,573

2,433

2,312

2,261

2,309

2,296

2,257

2,302

2,315

2,174

2,095

1,935

1,920

2,072

1,961

1,878

1,847

1,915

1,863

1,750

1,872

1,837

1,955

Property, plant and equipment, net

1,163

1,223

1,216

1,259

1,274

1,298

1,325

1,340

1,407

1,388

1,386

1,370

1,334

1,315

1,372

1,358

1,377

1,382

1,374

1,425

1,411

1,514

1,556

1,622

Goodwill

1,197

1,208

1,183

1,220

1,216

1,230

1,248

1,241

1,304

1,271

1,258

1,219

1,016

964

1,015

931

942

928

944

944

916

1,001

1,046

1,113

Identifiable intangibles, net

1,179

1,223

1,236

1,287

1,310

1,348

1,388

1,409

1,484

1,428

1,445

1,436

1,151

1,130

1,239

1,152

1,177

1,191

1,214

1,233

1,246

1,300

1,339

1,439

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

-

95

110

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

275

-

Other assets

661

588

620

613

610

489

503

447

448

428

548

535

523

536

441

431

458

479

450

464

485

482

230

495

Total assets

6,390

6,818

6,690

6,692

6,673

6,675

6,760

6,696

6,947

6,832

6,812

6,657

5,960

5,866

6,142

5,835

5,833

5,830

5,898

5,930

5,898

6,170

6,382

6,737

Liabilities, Shareholders’ Equity
Current liabilities:
Accounts payable

489

483

495

508

530

522

533

537

570

554

545

489

456

474

469

438

419

454

443

445

458

494

487

478

Current portion of borrowings

40

43

42

43

43

42

42

39

41

37

37

35

29

27

54

55

53

50

48

50

41

40

35

46

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

7

-

6

6

6

7

7

5

Other accrued liabilities

477

545

497

444

447

475

455

416

407

489

447

456

365

440

386

350

300

370

330

334

291

404

386

472

Total current liabilities

1,007

1,072

1,034

996

1,021

1,040

1,031

993

1,019

1,082

1,030

981

851

942

916

850

781

875

829

837

798

946

917

1,003

Long-term borrowings

3,479

3,790

3,772

3,812

3,809

3,821

3,852

3,842

3,919

3,877

3,865

3,823

3,278

3,236

3,428

3,298

3,405

3,391

3,504

3,508

3,566

3,574

3,696

3,874

Accrued pensions

275

285

248

259

257

261

271

267

286

279

288

262

252

249

243

243

252

252

265

272

272

306

-

313

Deferred Income Tax Liabilities, Net

108

115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

115

133

138

140

149

155

167

152

162

164

161

160

192

160

166

148

167

179

190

208

259

280

Other liabilities

179

144

178

184

167

100

111

30

30

32

32

33

32

32

31

28

26

22

26

21

22

23

296

54

Total liabilities

5,049

5,408

5,350

5,385

5,393

5,365

5,414

5,290

5,423

5,424

5,378

5,265

4,576

4,619

4,811

4,581

4,632

4,688

4,794

4,818

4,850

5,058

5,169

5,525

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders’ equity:
Common shares, $1.00 par, 1,000.0 shares authorized, 250.5 and 250.1 shares issued at March 31, 2020 and December 31, 2019, respectively

250

249

249

248

247

245

245

244

243

242

242

241

240

239

238

237

237

237

236

234

229

229

229

229

Capital in excess of par

1,478

1,474

1,463

1,441

1,431

1,409

1,399

1,384

1,371

1,354

1,341

1,326

1,312

1,294

1,289

1,272

1,255

1,238

1,226

1,204

1,145

1,144

1,141

1,133

Retained earnings

493

443

401

336

241

198

123

136

61

-21

40

-14

17

-58

-65

-54

-103

-132

-171

-206

-181

-226

-224

-253

Treasury shares, at cost, 15.2 shares at March 31, 2020 and December 31, 2019

417

417

417

417

378

312

211

162

61

58

58

8

-

0

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-513

-395

-411

-356

-335

-336

-312

-299

-192

-241

-256

-278

-309

-350

-252

-268

-255

-269

-255

-190

-215

-103

-0

34

Total Axalta shareholders’ equity

1,291

1,354

1,285

1,252

1,206

1,205

1,243

1,303

1,421

1,276

1,309

1,266

1,260

1,125

1,210

1,186

1,134

1,073

1,035

1,042

978

1,044

1,147

1,142

Noncontrolling interests

49

55

54

54

73

105

102

102

103

131

124

125

123

121

120

68

66

67

68

69

69

67

65

68

Total shareholders’ equity

1,340

1,409

1,339

1,307

1,279

1,310

1,346

1,405

1,524

1,407

1,434

1,391

1,383

1,246

1,330

1,254

1,201

1,141

1,104

1,112

1,048

1,112

1,212

1,211

Total liabilities and shareholders’ equity

6,390

6,818

6,690

6,692

6,673

6,675

6,760

6,696

6,947

6,832

6,812

6,657

5,960

5,866

6,142

5,835

5,833

5,830

5,898

5,930

5,898

6,170

6,382

6,737