Axalta Coating Systems Ltd
For the period ended Mar 31, 2024. Filed May 1, 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.
Mar 31, 2024 · Filed May 1, 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)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $39 | $61 |
| Adjustment to reconcile net income to cash provided by (used for) operating activities: | ||
| Depreciation and amortization | 68 | 70 |
| Amortization of deferred financing costs and original issue discount | 2 | 2 |
| Debt extinguishment and refinancing-related costs | 3 | 2 |
| Deferred income taxes | 6 | 2 |
| Realized and unrealized foreign exchange losses, net | 9 | 5 |
| Stock-based compensation | 6 | 6 |
| Impairment charges | — | 7 |
| Interest income on swaps designated as net investment hedges | (3) | (6) |
| Other non-cash, net | 2 | 3 |
| Changes in operating assets and liabilities: | ||
| Trade accounts and notes receivable | 4 | (92) |
| Inventories | (20) | 39 |
| Prepaid expenses and other assets | (40) | (30) |
| Accounts payable | 11 | (22) |
| Other accrued liabilities | (75) | (96) |
| Other liabilities | 22 | (3) |
| Cash provided by (used for) operating activities | 34 | (52) |
| Investing activities: | ||
| Purchase of property, plant and equipment | (22) | (42) |
| Interest proceeds on swaps designated as net investment hedges | 3 | 6 |
| Settlement proceeds on swaps designated as net investment hedges | — | 29 |
| Other investing activities, net | — | 1 |
| Cash used for investing activities | (19) | (6) |
| Financing activities: | ||
| Proceeds from short-term borrowings | — | 9 |
| Proceeds from long-term borrowings | 107 | — |
| Payments on short-term borrowings | (5) | (14) |
| Payments on long-term borrowings | (183) | (76) |
| Financing-related costs | (2) | (6) |
| Net cash flows associated with stock-based awards | 1 | 5 |
| Deferred acquisition-related consideration | — | (7) |
| Other financing activities, net | — | 1 |
| Cash used for financing activities | (82) | (88) |
| Decrease in cash | (67) | (146) |
| Effect of exchange rate changes on cash | (9) | 6 |
| Cash at beginning of period | 703 | 655 |
| Cash at end of period | $627 | $515 |
| Cash at end of period reconciliation: | ||
| Cash and cash equivalents | $624 | $512 |
| Restricted cash | 3 | 3 |
| Cash at end of period | $627 | $515 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.