$AXTA
Axalta Coating Systems Ltd. Stock $axta

$axta Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000161686218000028 Filed on April 25, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$1.172B	$1.014B
YoY Change	15.62%	5.24%
Cost Of Revenue	$776.0M	$641.4M
YoY Change	20.99%	5.77%
Gross Profit	$396.0M	$372.3M
YoY Change	6.37%	4.34%
Gross Profit Margin	33.79%	36.73%
Selling, General & Admin	$227.8M	$224.6M
YoY Change	1.42%	2.51%
% of Gross Profit	57.53%	60.33%
Research & Development	$19.30M	$15.60M
YoY Change	23.72%	23.81%
% of Gross Profit	4.87%	4.19%
Depreciation & Amortization	$46.40M	$43.30M
YoY Change	7.16%	3.84%
% of Gross Profit	11.72%	11.63%
Operating Expenses	$247.1M	$240.2M
YoY Change	2.87%	3.67%
Operating Profit	$120.0M	$110.4M
YoY Change	8.7%	6.87%
Interest Expense	$39.40M	$35.80M
YoY Change	10.06%	-28.54%
% of Operating Profit	32.83%	32.43%
Other Income/Expense, Net	$2.200M	$1.200M
YoY Change	83.33%	-115.0%
Pretax Income	$82.80M	$75.80M
YoY Change	9.23%	67.7%
Income Tax	$11.80M	$9.900M
% Of Pretax Income	14.25%	13.06%
Net Earnings	$69.90M	$64.10M
YoY Change	9.05%	100.94%
Net Earnings / Revenue	5.96%	6.32%
Basic Earnings Per Share	$0.29	$0.27
Diluted Earnings Per Share	$0.28	$0.26
COMMON SHARES
Basic Shares Outstanding	240.9M shares	239.8M shares
Diluted Shares Outstanding	245.8M shares	246.1M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$600.4M	$439.1M
YoY Change	36.73%	4.67%
Cash & Equivalents	$600.4M	$439.1M
Short-Term Investments
Other Short-Term Assets	$119.8M	$65.00M
YoY Change	84.31%	-46.9%
Inventory	$585.9M	$559.1M
Prepaid Expenses	$105.6M	$62.10M
Receivables	$824.0M	$735.2M
Other Receivables	$116.9M	$137.0M
Total Short-Term Assets	$2.303B	$1.935B
YoY Change	18.99%	3.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.408B	$1.334B
YoY Change	5.5%	-3.13%
Goodwill	$1.304B	$1.016B
YoY Change	28.37%	7.85%
Intangibles	$1.484B	$1.152B
YoY Change	28.89%	-2.18%
Long-Term Investments	$16.00M	$14.20M
YoY Change	12.68%	-8.97%
Other Assets	$426.7M	$523.0M
YoY Change	-18.41%	14.12%
Total Long-Term Assets	$4.645B	$4.025B
YoY Change	15.39%	1.77%
TOTAL ASSETS
Total Short-Term Assets	$2.303B	$1.935B
Total Long-Term Assets	$4.645B	$4.025B
Total Assets	$6.947B	$5.960B
YoY Change	16.56%	2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$570.0M	$456.7M
YoY Change	24.81%	8.79%
Accrued Expenses	$407.4M	$363.9M
YoY Change	11.95%	21.06%
Deferred Revenue
YoY Change
Short-Term Debt	$16.90M	$9.200M
YoY Change	83.7%	-64.89%
Long-Term Debt Due	$24.90M	$19.80M
YoY Change	25.76%	-28.0%
Total Short-Term Liabilities	$1.020B	$851.5M
YoY Change	19.73%	9.0%
LONG-TERM LIABILITIES
Long-Term Debt	$3.920B	$3.278B
YoY Change	19.56%	-3.72%
Other Long-Term Liabilities	$30.70M	$32.90M
YoY Change	-6.69%	22.76%
Total Long-Term Liabilities	$30.70M	$32.90M
YoY Change	-6.69%	22.76%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.020B	$851.5M
Total Long-Term Liabilities	$30.70M	$32.90M
Total Liabilities	$5.423B	$4.577B
YoY Change	18.49%	-1.2%
SHAREHOLDERS EQUITY
Retained Earnings	-$9.300M	$17.00M
YoY Change	-154.71%	-116.49%
Common Stock	$1.614B	$1.553B
YoY Change	3.97%	4.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$61.70M
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.421B	$1.260B
YoY Change
Total Liabilities & Shareholders Equity	$6.947B	$5.960B
YoY Change	16.56%	2.18%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$69.90M	$64.10M
YoY Change	9.05%	100.94%
Depreciation, Depletion And Amortization	$46.40M	$43.30M
YoY Change	7.16%	3.84%
Cash From Operating Activities	-$21.00M	-$4.700M
YoY Change	346.81%	-64.66%
INVESTING ACTIVITIES
Capital Expenditures	$39.50M	$32.30M
YoY Change	22.29%	-19.85%
Acquisitions	$78.20M	$56.90M
YoY Change	37.43%
Other Investing Activities	$0.00	$200.0K
YoY Change	-100.0%	-93.1%
Cash From Investing Activities	-$144.6M	-$89.40M
YoY Change	61.74%	106.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$3.300M	$0.00
YoY Change
Debt Paid & Issued, Net	$6.900M	$5.000M
YoY Change	38.0%	-27.54%
Cash From Financing Activities	-14.30M	-4.600M
YoY Change	210.87%	-34.29%
NET CHANGE
Cash From Operating Activities	-21.00M	-4.700M
Cash From Investing Activities	-144.6M	-89.40M
Cash From Financing Activities	-14.30M	-4.600M
Net Change In Cash	-179.9M	-98.70M
YoY Change	82.27%	55.43%
FREE CASH FLOW
Cash From Operating Activities	-$21.00M	-$4.700M
Capital Expenditures	$39.50M	$32.30M
Free Cash Flow	-$60.50M	-$37.00M
YoY Change	63.51%	-30.97%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	axta	Transition Costs TransitionCosts	0	USD
CY2018Q1	axta	Transition Costs TransitionCosts	-200000	USD
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CY2017Q1	axta	Deferredacquisitionrelatedconsideration Deferredacquisitionrelatedconsideration	3400000	USD
CY2018Q1	axta	Deferredacquisitionrelatedconsideration Deferredacquisitionrelatedconsideration	0	USD
CY2017Q1	axta	Defined Benefit Plan Other Adjustments DefinedBenefitPlanOtherAdjustments	-400000	USD
CY2018Q1	axta	Defined Benefit Plan Other Adjustments DefinedBenefitPlanOtherAdjustments	500000	USD
CY2017Q1	axta	Employee Termination And Other Related Costs EmployeeTerminationAndOtherRelatedCosts	800000	USD
CY2018Q1	axta	Employee Termination And Other Related Costs EmployeeTerminationAndOtherRelatedCosts	-1300000	USD
CY2017Q1	axta	Offeringandtransactionalcosts Offeringandtransactionalcosts	-1000000	USD
CY2018Q1	axta	Taxbenefitonsharebasedcompensation Taxbenefitonsharebasedcompensation	2400000	USD
CY2017Q1	axta	Adjusted Earnings Before Interest Tax Depreciation And Amortization AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization	203100000	USD
CY2018Q1	axta	Adjusted Earnings Before Interest Tax Depreciation And Amortization AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization	220000000	USD
CY2017Q1	axta	Bad Debt Expense Net Of Recoveries BadDebtExpenseNetOfRecoveries	700000	USD
CY2018Q1	axta	Bad Debt Expense Net Of Recoveries BadDebtExpenseNetOfRecoveries	200000	USD
CY2017Q1	axta	Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax Benefits CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTaxBenefits	19200000	USD
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CY2017Q1	axta	Cumulative Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax CumulativeOtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	800000	USD
CY2016Q3	axta	First Lien Leverage Ratio Lower Limit FirstLienLeverageRatioLowerLimit	2.50
CY2016Q3	axta	First Lien Leverage Ratio Lower Limit FirstLienLeverageRatioLowerLimit	5.50
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CY2018Q1	axta	Income Loss From Continuing Operations Before Interest Income Tax Depreciation And Amortization IncomeLossFromContinuingOperationsBeforeInterestIncomeTaxDepreciationAndAmortization	214100000	USD
CY2018Q1	axta	Offeringandtransactionalcosts Offeringandtransactionalcosts	200000	USD
CY2017Q1	axta	Other Adjustments OtherAdjustments	200000	USD
CY2018Q1	axta	Other Adjustments OtherAdjustments	300000	USD
CY2018Q1	axta	Percentage On Excess Cash Flow For Mandatory Prepayments Of Debt PercentageOnExcessCashFlowForMandatoryPrepaymentsOfDebt	0.5
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CY2018Q1	dei	Amendment Flag AmendmentFlag	false
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CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001616862
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CY2018Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2018Q1	dei	Entity Registrant Name EntityRegistrantName	Axalta Coating Systems Ltd.
CY2018Q1	dei	Trading Symbol TradingSymbol	AXTA
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CY2017Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	3700000	USD
CY2018Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	1300000	USD
CY2017Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	1200000	USD
CY2018Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	0	USD
CY2017Q4	us-gaap	Goodwill Goodwill	1271200000	USD
CY2018Q1	us-gaap	Goodwill Goodwill	1304400000	USD
CY2018Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	33400000	USD
CY2018Q1	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	-200000	USD
CY2017Q4	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	0	USD
CY2018Q1	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	0	USD
CY2017Q4	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	15200000	USD
CY2018Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	14500000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	75800000	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	82800000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	200000	USD
CY2018Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2018Q1	us-gaap	Inventory Net InventoryNet	585900000	USD
CY2018Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	30200000	USD
CY2017Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	165600000	USD
CY2017Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1428200000	USD
CY2018Q1	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	181800000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9900000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	11800000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	62500000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	52300000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-800000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	33900000	USD
CY2017Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	11200000	USD
CY2018Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	42900000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-54800000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-87000000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-4700000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-4200000	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	27500000	USD
CY2018Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1484200000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	35800000	USD
CY2018Q1	us-gaap	Interest Expense InterestExpense	39400000	USD
CY2017Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	347500000	USD
CY2018Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	358800000	USD
CY2017Q4	us-gaap	Inventory Net InventoryNet	608600000	USD
CY2018Q1	us-gaap	Inventory Net InventoryNet	641800000	USD
CY2017Q4	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	20800000	USD
CY2018Q1	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	22700000	USD
CY2017Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	95500000	USD
CY2018Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	101200000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	5424400000	USD
CY2018Q1	us-gaap	Liabilities Liabilities	5423000000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6832200000	USD
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6947400000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1082200000	USD
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1019500000	USD
CY2018Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	400000000.0	USD
CY2018Q1	us-gaap	Long Term Debt LongTermDebt	3991900000	USD
CY2017Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3877900000	USD
CY2018Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3919500000	USD
CY2017Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	24800000	USD
CY2018Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	24900000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	37100000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive	3823700000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive	52600000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-144600000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-4700000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-21000000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	64100000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	69900000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1800000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1100000	USD
CY2018Q1	us-gaap	Noncontrolling Interest Increase From Business Combination NoncontrollingInterestIncreaseFromBusinessCombination	-26900000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour	25900000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	25800000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	26800000	USD
CY2018Q1	us-gaap	Minimum Lease Payments Sale Leaseback Transactions MinimumLeasePaymentsSaleLeasebackTransactions	110500000	USD
CY2018Q1	us-gaap	Minimum Lease Payments Sale Leaseback Transactions Thereafter MinimumLeasePaymentsSaleLeasebackTransactionsThereafter	84200000	USD
CY2018Q1	us-gaap	Minimum Lease Payments Sale Leaseback Transactions Within Five Years MinimumLeasePaymentsSaleLeasebackTransactionsWithinFiveYears	5800000	USD
CY2018Q1	us-gaap	Minimum Lease Payments Sale Leaseback Transactions Within Four Years MinimumLeasePaymentsSaleLeasebackTransactionsWithinFourYears	5600000	USD
CY2018Q1	us-gaap	Minimum Lease Payments Sale Leaseback Transactions Within One Year MinimumLeasePaymentsSaleLeasebackTransactionsWithinOneYear	4000000	USD
CY2018Q1	us-gaap	Minimum Lease Payments Sale Leaseback Transactions Within Three Years MinimumLeasePaymentsSaleLeasebackTransactionsWithinThreeYears	5500000	USD
CY2018Q1	us-gaap	Minimum Lease Payments Sale Leaseback Transactions Within Two Years MinimumLeasePaymentsSaleLeasebackTransactionsWithinTwoYears	5400000	USD
CY2017Q4	us-gaap	Minority Interest MinorityInterest	131700000	USD
CY2018Q1	us-gaap	Minority Interest MinorityInterest	103000000	USD
CY2018Q1	us-gaap	Minority Interest MinorityInterest	131800000	USD
CY2017Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	400000	USD
CY2018Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1000000	USD
CY2018Q1	us-gaap	Minority Interest Ownership Percentage By Parent MinorityInterestOwnershipPercentageByParent	0.755
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-4600000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-14300000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-89400000	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1200000	USD
CY2018Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2200000	USD
CY2017Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	29400000	USD
CY2018Q1	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	24500000	USD
CY2018Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	Segment
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	110400000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	120000000	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	489600000	USD
CY2018Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	407700000	USD
CY2018Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	491500000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	428600000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	448100000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	426700000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	41700000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	51300000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	40600000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	43100000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	41500000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	50000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	500000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	300000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-100000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-300000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	200000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	1300000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	600000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	7900000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-300000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-1600000	USD
CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	32300000	USD
CY2018Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	30700000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	300000	USD
CY2018Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	5300000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2200000	USD
CY2017Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	5900000	USD
CY2018Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	6200000	USD
CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	200000	USD
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3300000	USD
CY2018Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	25100000	USD
CY2017Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	400000	USD
CY2018Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	1000000	USD
CY2017Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2300000	USD
CY2018Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	56900000	USD
CY2018Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	78200000	USD
CY2017Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	0	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	32300000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	39500000	USD
CY2017Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	279100000	USD
CY2018Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	286200000	USD
CY2017Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	63900000	USD
CY2018Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	116900000	USD
CY2018Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	105600000	USD
CY2018Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Other Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments	75000000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	8800000	USD
CY2018Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	6200000	USD
CY2017Q1	us-gaap	Professional Fees ProfessionalFees	-100000	USD
CY2018Q1	us-gaap	Professional Fees ProfessionalFees	0	USD
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2270300000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	65900000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	71000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2193600000	USD
CY2017Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	3100000	USD
CY2018Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2900000	USD
CY2018Q1	us-gaap	Restructuring Reserve Accrual Adjustment1 RestructuringReserveAccrualAdjustment1	-900000	USD
CY2017Q4	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	71500000	USD
CY2018Q1	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	47400000	USD
CY2018Q1	us-gaap	Restructuring Reserve Translation And Other Adjustment RestructuringReserveTranslationAndOtherAdjustment	1900000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-21400000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	61400000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1388600000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1407800000	USD
CY2017Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	870200000	USD
CY2018Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	940900000	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	5000000	USD
CY2018Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	6900000	USD
CY2017Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	2300000	USD
CY2018Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	9300000	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	15600000	USD
CY2018Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	19300000	USD
CY2017Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2900000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-9300000	USD
CY2017Q1	us-gaap	Revenues Revenues	1013700000	USD
CY2018Q1	us-gaap	Revenues Revenues	1172000000	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	1007800000	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	1165800000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	224600000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	227800000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	100000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	800000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8100000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	8300000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	16.54
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	17.98
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue	100900000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber	6400000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice	14.57
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	103700000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	8300000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	17.98
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	12.03
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	28.82
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	29.81
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P5Y11M7D
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P6Y7M13D
CY2017Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	12900000	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1524400000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	1276100000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	1421400000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1246600000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1372800000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1407800000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1	1420000000	USD
CY2017Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	2000000	shares
CY2018Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	16900000	USD
CY2018Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	500000	shares
CY2017Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	8800000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	6200000	USD
CY2018Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	2100000	shares
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	58400000	USD
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	61700000	USD
CY2018Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	3300000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	246100000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	245800000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	239800000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	240900000	shares
CY2018Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;padding-left:30px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION OF THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim condensed consolidated financial statements included herein are unaudited. In the opinion of management, these statements include all adjustments, consisting only of normal, recurring adjustments, necessary for a fair statement of the financial position of Axalta Coating Systems Ltd., a Bermuda exempted company limited by shares, and its consolidated subsidiaries ("Axalta," the "Company," "we," "our" and "us") at </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the results of operations and comprehensive income for the </font><font style="font-family:inherit;font-size:10pt;">three months ended March 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, and their cash flows for the three months then ended. All intercompany balances and transactions have been eliminated. These interim unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim unaudited condensed consolidated financial statements include the accounts of Axalta and its subsidiaries, and entities in which a controlling interest is maintained. Certain of our joint ventures are accounted for on a one-month lag basis, the effect of which is not material.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations for the </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">three months ended March 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results to be expected for a full year.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Accounting Standards - Reclassifications</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">three months ended March 31, 2018</font><font style="font-family:inherit;font-size:10pt;">, we adopted various accounting standards that had impacts to the accompanying condensed consolidated financial statements, one of which resulted in reclassifications to amounts previously reported for the three months ended March 31, 2017. Refer to Note 2 for further information.</font></div></div>

Files In Submission

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$AXTA
Axalta Coating Systems Ltd. Stock $axta

2018 Q1 Form 10-Q Financial Statement

#000161686218000028 Filed on April 25, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AXTA Axalta Coating Systems Ltd. Stock $axta

2018 Q1 Form 10-Q Financial Statement

#000161686218000028 Filed on April 25, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AXTA
Axalta Coating Systems Ltd. Stock $axta