AXALTA COATING SYSTEMS LTD. AXTA Cash Flow

Axalta coating systems ltd. (AXTA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'12
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
260,900	252,600	287,200	209,200	186,400	213,300	80,900	148,800	52,800	47,700	68,200	6,500	78,700	44,600	116,700	158,500	80,900	95,800	59,700	5,000	85,100	34,700	0	0	0	0
Adjustment to reconcile net income to cash used for operating activities:
Depreciation and amortization
348,000	353,000	361,500	367,300	368,800	369,100	366,500	362,300	357,000	347,500	342,200	334,800	328,500	322,100	318,000	312,200	311,100	307,700	305,100	305,900	300,200	308,700	0	0	0	0
Amortization of deferred financing costs and original issue discount
8,800	8,800	8,900	8,500	8,300	8,000	7,700	7,700	7,800	8,000	9,300	11,900	14,800	17,800	19,700	20,500	20,700	20,600	20,800	20,900	20,800	21,000	0	0	0	0
Debt extinguishment and refinancing related costs
2,600	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,100	0	0	0	0
Fair value step up of acquired inventory sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Bridge financing commitment fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred income taxes
-30,400	15,700	2,300	500	11,400	6,100	111,600	108,600	86,800	91,700	-22,600	-21,600	-12,600	-15,900	-20,100	-6,300	7,700	-6,200	-23,400	-31,200	-40,300	-38,200	0	0	0	0
Unrealized losses on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-
Realized and unrealized foreign exchange losses, net
-8,700	-5,900	-2,600	-14,000	-19,500	-17,300	-14,000	-4,900	1,200	3,600	-3,500	-7,100	-24,300	-35,500	-34,100	-53,200	-96,400	-93,700	-118,600	-160,800	-76,500	-75,100	0	0	0	0
Share-based Payment Arrangement, Noncash Expense
14,100	15,700	19,300	24,500	35,600	37,300	0	0	0	-	-	-	-	41,100	39,700	37,600	38,600	30,200	24,000	18,400	8,000	8,000	0	0	0	0
Divestiture and Impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on assets held for sale
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income on swaps designated as net investment hedges
14,900	14,700	14,500	16,600	12,900	9,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash, net
1,700	100	500	5,000	-4,100	900	6,400	-5,100	600	-4,400	-15,400	-3,800	-700	1,900	3,100	-6,000	-9,500	-12,500	-5,900	14,200	20,300	25,300	0	0	0	0
Changes in operating assets and liabilities:
Trade accounts and notes receivable
-85,700	10,100	31,700	41,700	60,400	22,300	90,200	19,800	5,000	15,200	8,500	107,000	103,800	67,800	53,300	25,900	34,100	61,100	42,100	52,800	28,400	40,200	0	0	0	0
Inventories
-5,900	-10,800	300	17,700	27,400	48,100	34,100	46,600	51,600	19,900	39,400	20,200	5,400	1,700	-9,600	-19,300	16,800	35,200	18,800	41,500	22,300	24,700	0	0	0	0
Prepaid expenses and other assets
96,600	118,900	124,400	179,200	187,600	157,300	132,900	83,700	87,600	84,900	113,200	105,200	78,200	64,500	39,500	39,800	43,100	65,600	63,700	58,700	92,300	54,100	0	0	0	0
Accounts payable
11,800	18,200	34,000	33,200	51,000	49,500	51,000	83,100	74,500	39,800	52,500	22,000	48,100	32,300	17,400	13,500	-22,300	-6,700	-8,900	-22,100	23,300	53,600	0	0	0	0
Other accrued liabilities
1,200	5,300	25,200	-1,800	9,400	-8,400	900	-40,500	-25,500	6,700	30,500	60,500	73,800	58,700	55,300	40,200	34,600	13,400	-22,100	-49,200	-69,000	-54,800	0	0	0	0
Other liabilities
9,700	9,600	-33,900	43,500	38,300	32,400	71,700	-12,100	-12,100	-12,600	-6,300	-5,700	-8,300	-7,000	-14,400	-13,500	-21,100	-22,400	-26,800	-28,400	-21,300	-18,500	0	0	0	0
Cash used for operating activities
630,200	573,100	540,400	443,900	459,200	496,100	479,100	566,900	523,700	540,000	534,400	467,400	567,900	559,300	577,300	590,800	495,200	409,800	355,800	242,700	219,900	251,400	0	0	0	0
Investing activities:
Acquisitions, net of cash acquired
1,600	3,300	5,700	6,500	6,300	82,800	84,300	109,300	585,700	564,400	570,600	648,100	171,700	114,800	113,200	26,500	26,400	29,600	19,900	3,100	3,200	0	0	0	0	0
Investment in non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property, plant and equipment
114,700	112,500	107,800	116,000	124,400	143,400	147,300	142,200	132,200	125,000	128,100	128,800	128,200	136,200	139,600	146,300	146,900	138,100	126,600	144,200	169,700	188,400	0	0	0	0
Proceeds from sale of a business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Investment in real estate property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchase of interest rate cap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Settlement of foreign currency contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	0
Purchase of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Interest proceeds on swaps designated as net investment hedges
-14,900	-14,700	-14,500	-16,600	-12,900	-9,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Proceeds from sale of affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Investment in equity affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other investing activities, net
500	1,000	2,300	200	-5,000	-5,100	-400	-5,400	0	200	-1,000	3,900	3,300	6,000	2,100	1,800	4,100	-1,500	0	0	0	-	-	-	-	-
Cash used for investing activities
-93,700	-93,900	-70,600	-75,400	-90,300	-189,200	-220,500	-241,800	-717,900	-689,600	-698,600	-785,100	-303,200	-257,000	-260,200	-176,500	-179,200	-166,200	-135,900	-127,900	-151,600	-173,800	0	0	0	0
Financing activities:
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	10,000	17,100	15,500	30,700	0	0	0	0
Proceeds from long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payments on short-term borrowings
38,800	39,500	40,400	42,200	46,700	44,700	40,900	32,700	21,100	14,100	8,400	7,500	10,600	8,600	8,500	8,700	6,500	16,900	18,500	30,300	34,900	33,800	0	0	0	0
Payments on long-term borrowings
327,500	27,600	26,200	26,500	511,700	511,300	542,700	542,400	51,900	50,000	392,600	1,648,100	1,753,800	1,755,700	1,482,300	227,400	127,400	127,300	27,500	127,600	127,900	121,100	0	0	0	0
Financing-related costs
600	1,500	7,400	8,400	11,700	10,800	5,400	6,000	8,100	10,400	17,900	95,200	88,600	86,300	0	0	0	-	-	-	-	-	-	-	-	0
Purchases of common stock
39,600	105,300	211,300	255,300	316,200	253,800	147,800	153,900	61,700	58,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows associated with stock-based awards
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt modification fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Equity contribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from option exercises
-	-	-	-	-	17,400	22,100	22,400	22,200	24,800	22,800	23,700	23,500	16,700	8,400	16,400	64,400	62,400	0	0	0	-	-	-	-	0
Refinancing related costs
600	1,500	7,400	8,400	11,700	10,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bridge financing commitment fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Dividends paid to noncontrolling interests
-	-	-	-	-	1,000	1,300	3,100	3,600	3,000	2,700	2,400	1,900	3,000	3,300	2,100	2,700	4,700	5,000	4,700	4,800	2,200	0	0	0	0
Purchase of noncontrolling interests
5,800	31,100	31,100	31,100	26,900	26,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net transfer from DuPont
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other financing activities, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-200	-200	-300	-200	2,300	2,300	2,300	2,500	0	0	0	-
Deferred acquisition-related consideration
-	-	-	-	-	-	-	-	-	5,200	5,200	3,400	3,400	0	0	0	0	-	-	-	-	-	-	-	-	-
Cash used for financing activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
-	-	-	-	-	-	-	0	330,700	-	220,900	319,700	-230,200	-232,600	-187,600	-223,100	-72,000	-84,700	27,400	-87,600	-146,100	-123,200	0	0	0	0
Decrease in cash
158,600	320,800	196,000	36,600	-59,900	-61,300	5,800	70,900	136,500	217,700	56,700	2,000	34,500	69,700	129,500	191,200	244,000	158,900	247,300	27,200	-77,800	-45,600	0	0	0	0
Effect of exchange rate changes on cash
-17,300	3,300	-16,800	-5,800	-24,700	-15,200	-6,900	-2,100	24,800	17,100	4,200	-200	-14,800	-19,300	-14,700	-20,500	-49,300	-58,000	-64,300	-65,000	-34,200	-26,900	0	0	0	0
Cash paid during the year for:
Interest, net of amounts capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Income taxes, net of refunds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0