Axalta Coating Systems Ltd
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
AXTA$37.53+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In millions, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net sales | $5,184.1 | $4,884.4 | $4,416.2 |
| Cost of goods sold | 3,565.6 | 3,465.6 | 2,987.3 |
| Selling, general and administrative expenses | 840.1 | 772.4 | 738.7 |
| Other operating charges | 28.4 | 31.5 | 44.0 |
| Research and development expenses | 74.0 | 66.4 | 62.4 |
| Amortization of acquired intangibles | 88.5 | 125.3 | 121.4 |
| Income from operations | 587.5 | 423.2 | 462.4 |
| Interest expense, net | 213.3 | 139.8 | 134.2 |
| Other expense (income), net | 19.5 | 26.1 | (12.3) |
| Income before income taxes | 354.7 | 257.3 | 340.5 |
| Provision for income taxes | 86.2 | 65.1 | 76.1 |
| Net income | 268.5 | 192.2 | 264.4 |
| Less: Net income attributable to noncontrolling interests | 1.1 | 0.6 | 0.5 |
| Net income attributable to common shareholders | $267.4 | $191.6 | $263.9 |
| Basic net income per share | $1.21 | $0.86 | $1.14 |
| Diluted net income per share | $1.21 | $0.86 | $1.14 |
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