AXTA: the cash flow

MyFinsight

For the year ending 2025-12-31, AXTA had $36M increase in cash & cash equivalents over the period. $453M in free cash flow.

Cash Flow	2025-12-31
Net income	379
Depreciation and amortization	295
Amortization of deferred financing costs and original issue discount	8
Debt extinguishment and refinancing-related costs	2
Deferred income taxes	45
Realized and unrealized foreign exchange losses, net	-31
Stock-based compensation	25
Impairment charges	1
Interest income on swaps designated as net investment hedges	13
Other non-cash, net	-3
Trade accounts and notes receivable	-97
Inventories	-33
Prepaid expenses and other assets	129
Accounts payable	-77
Other accrued liabilities	-64
Other liabilities	13
Cash provided by operating activities	649
Acquisitions, net of cash acquired	48
Purchase of property, plant and equipment	196
Interest proceeds on swaps designated as net investment hedges	13
Settlement proceeds on swaps designated as net investment hedges	0
Payments for loans to customers	10
Other investing activities, net	-29
Cash used for investing activities	-212
Proceeds from short-term borrowings	0
Proceeds from long-term borrowings	0
Payments on short-term borrowings	0
Payments on long-term borrowings	230
Financing-related costs	1
Net cash flows associated with stock-based awards	3
Purchases of common stock	165
Deferred acquisition-related consideration	1
Other financing activities, net	-1
Cash used for financing activities	-401
Increase (decrease) in cash and cash equivalents	36
Effect of exchange rate changes on cash	28
Cash and cash equivalents at beginning of period	596
Cash and cash equivalents at end of period	660

Unit: Million (M) dollars (except for numbers of shares and EPS).