Axalta Coating Systems Ltd. logo AXTA - Axalta Coating Systems Ltd.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 9
HOLD 18
SELL 1
STRONG
SELL
0
| PRICE TARGET: $34.00 DETAILS
HIGH: $39.00
LOW: $29.00
MEDIAN: $35.00
CONSENSUS: $34.00
UPSIDE: 16.36%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Revenue
Revenue 1,254 1,262 1,288 1,305 1,262 1,311 1,320 1,351 1,294 1,297.3 1,309 1,294 1,284 1,236.7 1,238.7 1,234.9 1,174.1 1,137.2 1,088.6 1,126.8 1,063.6 1,074.5 1,026.9 652.7 983.5 1,098.4 1,107 1,157.5 1,119.3 1,165.8 1,146 1,212.2 1,172 1,172.4 1,096.3 1,094.6 1,013.7 1,034.6 1,026.3 1,070.6 961.6 1,009.6 1,005.1 1,101.1 997.5 1,087 1,115.8 1,134.3 1,054.4 0 0 1,062.3 1,062.3
Cost of Revenue 864 865 863 872 853 864 858 891 865 873.8 886 904 902 865.2 876.6 886.4 837.4 804.7 745.3 752.8 684.5 677.8 634.1 499.2 646.8 710.8 707.4 748.4 751.3 777.4 759.1 793.8 776 746 702.5 690 641.4 641.8 630.4 649 606.4 639.2 628.6 679.7 649.8 723.1 728.1 742.5 703.5 0 0 724.2 731.9
Gross Profit 390 397 425 433 409 447 462 460 429 423.5 423 390 382 371.5 362.1 348.5 336.7 332.5 343.3 374 379.1 396.7 392.8 153.5 336.7 387.6 399.6 409.1 368 388.4 386.9 418.4 396 426.4 393.8 404.6 372.3 392.8 395.9 421.6 355.2 370.4 376.5 421.4 347.7 363.9 387.7 391.8 350.9 400.6 343.7 338.1 330.4
Operating Expenses
R&D Expenses 18 16 18 20 17 19 19 18 18 17.8 18 19 19 16.8 16.5 16.7 16.4 15.6 15.4 15.8 15.6 14 13.4 11.2 16.6 16.7 17.4 17.9 18.2 18.8 17 18 19.3 16.7 16.6 16.4 15.6 16.1 14.9 14.1 12.6 12.9 13 12.8 12.9 12.7 13.4 12.1 11.3 0 0 11.1 11.1
SG&A Expenses 200 218 201 211 205 216 211 213 207 214.9 209 210 206 200.8 186.4 191.7 193.5 194.4 181 184.2 179.1 178.9 166.5 154.2 195.4 166.9 199.2 202.4 215.6 213.3 293.4 224.6 227.8 279.9 246.5 246 224.6 263.4 242.3 237.7 219.1 237.1 219.2 245.5 213 244.8 249.4 250.6 246.7 0 0 189.6 231.8
Other Expenses 26 0 0 0 0 25 39 24 83 29.6 33 23 32 44.1 35.7 36.5 40.5 27.8 22.2 (16.4) 131.8 40.6 71.2 52.6 59.6 95.3 60 30.9 35.6 28.5 28.7 29.3 28.9 28.9 26.8 94.7 21.7 (669.5) 21.3 20.3 20.2 20.2 268.2 20.1 20 20.5 20.9 21.3 21.1 0 0 0 0
Operating Expenses 244 234 219 231 222 260 269 255 308 262.3 260 252 257 261.7 238.6 244.9 250.4 237.8 218.6 183.6 326.5 233.5 251.1 218 271.6 278.9 276.6 251.2 269.4 260.6 339.1 271.9 276 325.5 289.9 357.1 261.9 (390) 278.5 272.1 251.9 270.2 500.4 278.4 245.9 278 283.7 284 279.1 0 0 459.4 289.4
Operating Income
Operating Income 146 163 206 202 187 187 193 205 121 161.2 163 138 125 109.8 123.5 103.6 86.3 94.7 124.7 190.4 52.6 163.2 141.7 (64.5) 65.1 108.7 123 157.9 98.6 127.8 47.8 146.5 120 100.9 103.9 47.5 110.4 782.8 117.4 149.5 103.3 100.2 (123.9) 143 101.8 85.9 104 107.8 71.8 0 0 120.3 66.7
Interest Expense 38 46 49 49 49 47 54 50 54 55.4 55 55 48 38.7 35 33.5 32.6 33.5 33.8 33.4 33.5 37.5 39.8 36.1 36.5 40.1 40.2 41 41.3 41.1 39.8 39.3 39.4 37.9 37.7 35.6 35.8 37.4 42.9 47.8 50.1 46.5 50.8 49.2 50 51.2 52.6 54.9 59 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40.1 50.4
Profitability
EBITDA 222 240 280 276 257 259 267 274 181 225.9 229 195 194 169.7 194.6 173.7 162.2 177.9 206.4 277.5 129.4 207.4 219.8 14.3 150.9 195 211.9 247.5 191.2 218.4 135.1 228.6 214.1 194.3 184.7 111.1 194 105.6 111.2 195.3 171.3 182.6 180.4 131.9 170.5 115.6 118 181.2 148.4 0 0 193.9 140.3
EBIT 146 163 206 202 187 186 196 206 113 157.2 158 129 124 96.1 120.1 96.4 84.5 96.1 127.1 198.5 53 130.7 139.4 (62.3) 64.3 109.3 124.9 158.8 99.6 124.2 42.3 138.4 122.2 102.7 96.1 26.2 111.6 19.3 30 116.7 95.3 100.4 105 54.4 97.9 36 41.8 109.4 67.3 0 0 120.3 66.7
Income Before Tax 105 119 155 143 129 139 142 156 59 101.8 103 74 76 57.4 85.1 62.9 51.9 62.6 93.3 165.1 19.5 93.2 99.6 (98.4) 27.8 69.2 84.7 117.8 58.3 83.1 2.5 99.1 82.8 64.8 58.4 (9.4) 75.8 (18.1) (12.9) 68.9 45.2 53.9 54.2 5.2 47.9 (15.2) (10.8) 54.5 8.3 0 0 (161.4) (9.4)
Income Tax Expense 14 59 45 33 30 2 40 43 20 28.2 30 13 15 13.5 21.8 18.8 11 9.2 24.4 38.7 3.8 22.9 17.1 (15.2) (24.6) 27 18.3 17.9 14.2 6.3 14.1 22 11.8 120.4 2.1 9.5 9.9 5.5 (7.5) 16.6 13.4 14.8 17.8 29.5 1.2 (16.1) 7.5 (1.3) 12 0 0 19.4 18.4
Net Income 90 60 110 109 99 137 101 112 41 73.1 72 61 61 43.6 62.4 44.1 41.5 53.2 69.1 126.4 15.2 69.7 82.5 (82.8) 52.2 41.7 65.5 98.4 43.4 75.4 (13.1) 74.9 69.9 (61.5) 54.9 (20.8) 64.1 (25.7) (6.6) 50.7 30.9 38.6 35.1 (25.1) 45.1 (2.2) (19.9) 53.8 (4.3) 0 0 (139.6) (29.2)
Per Share Data
EPS (Basic) 0.42 0.28 0.51 0.50 0.45 0.63 0.46 0.51 0.19 0.33 0.33 0.27 0.27 0.20 0.28 0.20 0.18 0.23 0.30 0.54 0.06 0.30 0.35 -0.35 0.22 0.18 0.28 0.42 0.19 0.32 -0.05 0.31 0.29 -0.26 0.23 -0.09 0.27 -0.15 -0.04 0.20 0.13 0.16 0.15 -0.11 0.20 -0.01 -0.09 0.23 -0.02 -0.25 0.02 -0.64 -0.13
EPS (Diluted) 0.42 0.28 0.51 0.50 0.45 0.62 0.46 0.51 0.19 0.33 0.33 0.27 0.27 0.20 0.28 0.20 0.18 0.23 0.30 0.54 0.06 0.30 0.35 -0.35 0.22 0.18 0.28 0.42 0.18 0.32 -0.05 0.31 0.28 -0.26 0.22 -0.09 0.26 -0.15 -0.04 0.20 0.13 0.16 0.15 -0.11 0.19 -0.01 -0.09 0.23 -0.02 -0.25 0.02 -0.61 -0.13
Shares Outstanding 213.6 213.4 215 217.6 218.3 218.1 218.9 219.9 220.3 220.1 221 221.6 222.1 220.7 220.6 221 224.7 227.9 229.9 232.5 233.9 235.3 235.3 235.2 234.9 234.5 233.9 233.3 234.1 236 238.7 240.3 240.9 240.0 240.7 231.1 239.8 239.3 238.5 237.7 237.1 236.9 235.9 228.2 229.8 229.8 221.1 229.1 229.1 228.8 228.1 217.4 228.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Current Assets
Cash & Cash Equivalents 608 657 610 628 575 593 567 843 627 699.8 605.8 520 514.7 654.9 526.7 510.2 586.8 840.6 638.1 1,241.5 1,266.9 1,364 1,344.2 1,126.5 660 1,020.5 767.2 577.3 501.1 693.6 588.1 551.1 600.4 769.8 588.9 482.1 439.1 535.4 528.3 480.1 419.5
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,261 1,269 1,407 1,393 1,282 1,248 1,298 1,091 1,278 1,299.1 1,340 1,314.9 1,211.9 1,108 1,147.9 1,138.1 1,067.5 937.5 1,089.7 1,075.4 816.5 907 862.7 700.2 814.3 867.6 935.7 980.6 920.5 860.8 958.2 974.5 940.9 870.2 889 961.4 872.2 801.9 871.3 838.6 792.7
Inventory 770 756 829 831 787 734 818 745 751 741.1 750 766.7 798.6 829.6 829.4 799.5 764 669.7 677.9 614.5 582.2 559.9 536.7 539.3 596.1 591.6 597.3 610.9 626.8 613 618.6 599.9 641.8 608.6 624.4 580.1 559.1 529.7 545.6 519.7 543.4
Other Current Assets 188 130 145 135 177 148 155 226 104 81.3 90 88 98.7 100.2 164.4 130.2 98 10.6 108.1 116.8 145.3 95 106.7 114.2 118.9 93.7 2.9 7.3 2.8 2.8 2.8 2.7 2.9 3.1 3.1 2.9 2.9 2.7 68.5 61.3 57.7
Total Current Assets 2,827 2,815 2,991 2,987 2,821 2,723 2,838 3,014 2,760 2,821.3 2,785.8 2,689.6 2,623.9 2,692.7 2,668.4 2,578 2,516.3 2,575.6 2,513.8 3,048.2 2,890.8 2,925.9 2,850.3 2,480.2 2,189.3 2,573.4 2,433.1 2,312.1 2,261.6 2,309.6 2,296.2 2,257.7 2,302.9 2,315.6 2,174.1 2,095 1,935.4 1,920 2,072.6 1,961.8 1,878
Non-Current Assets
Property, Plant & Equipment 1,293 1,411 1,279 1,255 1,199 1,280 1,188 1,158 1,174 1,309.6 1,169.3 1,196.8 1,204 1,292.8 1,121.5 1,152.9 1,184.4 1,290.4 1,193.5 1,183.3 1,163.6 1,295.8 1,165.2 1,158.2 1,163.1 1,318.6 1,216.7 1,259.1 1,274.4 1,298.2 1,325 1,340.3 1,407.8 1,388.6 1,386.1 1,370.7 1,334.4 1,315.7 1,372.3 1,358.5 1,377.5
Goodwill 1,772 1,795 1,769 1,775 1,677 1,640 1,718 1,549 1,554 1,590.9 1,484 1,526.6 1,523.6 1,498 1,390.4 1,498.1 1,574.4 1,592.7 1,323 1,294.3 1,257.2 1,294.9 1,245.8 1,209.3 1,197.3 1,208.9 1,183.7 1,220.5 1,216.1 1,230.8 1,248 1,241.6 1,304.4 1,271.2 1,258.3 1,219.3 1,016.1 961 1,015.9 931.1 942.1
Intangible Assets 1,114 1,147 1,141 1,167 1,146 1,149 1,207 1,061 1,087 1,129.7 1,036.6 1,077.1 1,093.4 1,112.3 1,093.5 1,172.9 1,237.5 1,278.2 1,619.8 1,096.6 1,098.4 1,148.8 1,148.6 1,158.1 1,179.1 1,223.9 1,236 1,287.3 1,310.8 1,348 1,388.1 1,409.1 1,484.2 1,428.2 1,445.9 1,436.5 1,151.5 1,130.3 1,239.9 1,152.8 1,177.2
Long-Term Investments 0 1 1 1 1 1 1 3 1 0.2 0.5 0.5 0.5 1 0.6 0.6 0.7 0 0.7 0.7 0.8 1.7 0.7 20.6 27.4 9.6 (115.8) (133.6) (138.5) 1.7 (149.3) (155.9) (167.1) 5.2 (162.1) (164.5) (161.9) 4.4 (65.7) (58.2) (54.9)
Other Non-Current Assets 552 311 579 596 567 456 385 369 513 249.9 374.4 552.5 555.2 297.2 544.6 540.1 568.2 298.8 582.2 586.3 610 266.5 625.9 642.2 634.5 321.3 620.5 613.9 610.5 302.6 503.5 447.5 448.1 225 548.2 535.6 523 209.3 441.8 431.6 458.3
Total Non-Current Assets 4,731 4,784 4,769 4,794 4,590 4,526 4,662 4,292 4,329 4,450.8 4,210.2 4,353.5 4,376.7 4,366.5 4,150.6 4,364.6 4,565.2 4,641.6 4,719.2 4,161.2 4,130 4,231.3 4,186.2 4,188.4 4,201.4 4,244.6 4,256.9 4,380.8 4,411.8 4,366.1 4,464.6 4,438.5 4,644.5 4,516.6 4,638.5 4,562.1 4,025 3,934.8 4,069.9 3,874 3,955.1
Total Assets 7,558 7,599 7,760 7,781 7,411 7,249 7,500 7,306 7,089 7,272.1 6,996 7,043.1 7,000.6 7,059.2 6,819 6,942.6 7,081.5 7,217.2 7,233 7,209.4 7,020.8 7,157.2 7,036.5 6,668.6 6,390.7 6,818 6,690 6,692.9 6,673.4 6,675.7 6,760.8 6,696.2 6,947.4 6,832.2 6,812.6 6,657.1 5,960.4 5,854.8 6,142.5 5,835.8 5,833.1
Current Liabilities
Account Payables 723 577 691 764 732 603 708 715 721 665.3 709.9 702.3 703.5 681.1 746.6 746.8 748 610.9 622.5 597.5 565 513.4 482.9 331.9 489.8 442 495.3 508.4 530.9 522.8 533.5 537.7 570 554.9 545.1 489.9 456.7 429.5 469.2 438.2 419.8
Short-Term Debt 20 51 20 20 20 20 20 20 20 56.9 32 39 41.6 59.4 66.7 61.5 76.1 79.7 43.3 40.5 80.1 83 48.7 41.3 40.2 73.2 42.4 43.7 43.5 42.2 42.5 39.9 41.8 37.7 37.8 35.5 29 27.9 54.2 55.1 53.7
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 140.8 0 0 0 152.9 0 0 0 160.2 0 0 0
Other Current Liabilities 605 482 0 0 0 245 694 39 0 48.2 34.1 587.9 534.6 426.1 536.4 525.1 520.9 179.6 610.8 578.2 0.1 350 533.6 487.7 477.2 353.1 0 0 0 147 0 0.7 0.3 302.1 0 4.6 1.9 283.1 6.5 10.3 39.9
Total Current Liabilities 1,348 1,369 1,360 1,406 1,330 1,354 1,422 1,335 1,332 1,427.5 1,358.3 1,329.2 1,279.7 1,384.7 1,349.7 1,333.4 1,345 1,334.9 1,276.6 1,216.2 1,190.1 1,180.9 1,065.2 860.9 1,007.2 1,072.9 1,034.9 996.8 1,021.5 1,040.6 1,031.3 993.9 1,019.5 1,082.2 1,030.4 981.6 851.5 919.7 916.1 850.1 781.2
Non-Current Liabilities
Long-Term Debt 3,127 3,213 3,382 3,395 3,398 3,350 3,505 3,588 3,407 3,424 3,510.6 3,528.9 3,605.5 3,673.3 3,663.3 3,706.7 3,739.2 3,749.9 3,799.2 3,813.4 3,832.9 3,838.5 4,010.9 3,980 3,479.5 3,728 3,772.3 3,812.4 3,809 3,821.8 3,852 3,842.2 3,919.5 3,877.9 3,865.2 3,823.4 3,278.3 3,236 3,428.1 3,298.1 3,405.1
Deferred Tax Liabilities 175 171 164 163 153 151 163 152 155 162.3 145.4 155.4 163.1 162.1 139.5 157.5 165.5 174.7 177.9 116.6 0 114 108.5 108.7 108.6 115.5 115.8 133.6 138.5 140.8 149.3 155.9 167.1 152.9 162.1 164.5 161.9 160.2 192.3 160.9 166.8
Other Non-Current Liabilities 441 325 529 506 408 314 459 413 420 355.5 333.1 340.6 337 263.7 347.1 372.2 410.6 419 492.2 527.9 592.0 468.4 467.2 460.4 454.6 360.3 294.3 308.1 289 273.6 382.1 298.3 316.9 311.4 320.6 296.1 284.9 281.3 275.2 426 438.7
Total Non-Current Liabilities 3,743 3,837 4,075 4,064 3,959 3,939 4,127 4,153 3,982 4,071.8 3,989.1 4,024.9 4,105.6 4,175 4,149.9 4,236.4 4,315.3 4,343.6 4,469.3 4,457.9 4,424.9 4,496.5 4,586.6 4,549.1 4,042.7 4,335.5 4,315.4 4,389 4,372.3 4,324.6 4,383.4 4,296.4 4,403.5 4,342.2 4,347.9 4,284 3,725.1 3,677.5 3,895.6 3,730.9 3,850.9
Total Liabilities 5,091 5,206 5,435 5,470 5,289 5,293 5,549 5,488 5,314 5,499.3 5,347.4 5,354.1 5,385.3 5,559.7 5,499.6 5,569.8 5,660.3 5,678.5 5,745.9 5,674.1 5,615.0 5,677.4 5,651.8 5,410 5,049.9 5,408.4 5,350.3 5,385.8 5,393.8 5,365.2 5,414.7 5,290.3 5,423 5,424.4 5,378.3 5,265.6 4,576.6 4,597.2 4,811.7 4,581 4,632.1
Stockholders' Equity
Common Stock 256 255 255 255 255 255 254 254 254 253.7 253.7 253.5 253.3 252.4 252.4 252.3 252.2 251.8 251.7 251.7 251.2 250.9 250.6 250.5 250.4 249.9 249.6 248.2 247 245.3 245.1 244.5 243.3 242.4 242.1 241.5 240.4 239.3 238.9 237.9 237.2
Retained Earnings 2,145 2,055 1,995 1,885 1,776 1,677 1,540 1,439 1,327 1,286.2 1,213.1 1,140.2 1,079.3 1,018.8 975.2 912.8 868.7 827.2 774 704.9 578.5 563.3 493.6 411.1 493.9 443.2 401.5 336 241.3 198.6 123.2 136.3 61.4 (21.4) 40.1 (14.8) 17 (47.1) (65.3) (54.6) (103.1)
Accumulated Other Comprehensive Income (399) (383) (384) (383) (520) (582) (442) (517) (488) (444.2) (486.6) (419.7) (422.5) (466.9) (593.9) (473.2) (401.4) (414.4) (438.3) (408) (453.6) (424.8) (470.2) (509.6) (513.9) (395.5) (411.8) (356) (335.7) (336.1) (312.4) (299.6) (192.7) (241) (256.3) (278.5) (309.8) (350.4) (252.9) (268.9) (255.5)
Total Stockholders' Equity 2,421 2,346 2,279 2,265 2,076 1,912 1,905 1,773 1,731 1,727.3 1,604.1 1,644.2 1,570.1 1,453.5 1,273.3 1,326.2 1,375.4 1,492.9 1,440.8 1,488.3 1,359.4 1,433 1,339.7 1,213.1 1,291 1,354.2 1,285.7 1,252.5 1,206.2 1,205.1 1,243.4 1,303.5 1,421.4 1,276.1 1,309.4 1,266.2 1,260 1,136.1 1,210.5 1,186.5 1,134.1
Total Liabilities & Equity 7,558 7,599 7,760 7,781 7,411 7,249 7,500 7,306 7,089 7,272.1 6,996 7,043.1 7,000.6 7,059.2 6,819 6,942.6 7,081.5 7,217.2 7,233 7,209.4 7,020.8 7,157.2 7,036.5 6,668.6 6,390.7 6,818 6,690 6,692.9 6,673.4 6,675.7 6,760.8 6,696.2 6,947.4 6,832.2 6,812.6 6,657.1 5,960.4 5,854.8 6,142.5 5,835.8 5,833.1
Debt Metrics
Total Debt 3,147 3,392 3,402 3,415 3,418 3,521 3,525 3,608 3,427 3,644.9 3,542.6 3,567.9 3,647.1 3,808.6 3,730 3,768.2 3,815.3 3,856.8 3,842.5 3,853.9 3,913 3,997.1 4,059.6 4,021.3 3,519.7 3,932.9 3,814.7 3,856.1 3,852.5 3,864 3,894.5 3,882.1 3,961.3 3,915.6 3,903 3,858.9 3,307.3 3,263.9 3,482.3 3,353.2 3,458.8
Net Debt 2,539 2,735 2,792 2,787 2,843 2,928 2,958 2,765 2,800 2,945.1 2,936.8 3,047.9 3,132.4 3,153.7 3,203.3 3,258 3,228.5 3,016.2 3,204.4 2,612.4 2,646.1 2,633.1 2,715.4 2,894.8 2,859.7 2,912.4 3,047.5 3,278.8 3,351.4 3,170.4 3,306.4 3,331 3,360.9 3,145.8 3,314.1 3,376.8 2,868.2 2,728.5 2,954 2,873.1 3,039.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 91 60 110 110 99 137 101 112 41 73.6 73 61 61 43.9 63.3 44.1 40.9 53.4 68.9 126.4 15.7 70.3 82.5 (83.2) 52.4 41.7 66.4 99.9 44.1 76.8 (11.6) 77.1 71 (55.6) 56.3 (18.9) 65.9 (23.6) (9.5) 50.1 30.6
Depreciation & Amortization 76 77 74 74 70 73 71 68 68 68.7 71 66 70 73.6 74.5 77.3 77.7 81.8 79.3 79 76.4 76.7 80.4 76.6 86.6 85.7 87 88.7 91.6 94.2 92.8 90.2 91.9 91.6 88.6 84.9 82.4 86.3 81.2 78.6 76
Stock-Based Compensation 7 0 6 8 5 7 0 0 6 6.9 5 8 6 8.2 5 3.7 5.3 3.2 3.9 4.2 3.6 (0.8) 4.7 6.1 5.1 0 4.2 (1.4) 6.7 9.8 9.4 9.7 8.4 8 9.2 10.9 10.4 9.5 10 11.4 10.2
Change in Working Capital (114) 188 (74) (79) (162) 43 13 (81) (98) 136.2 39 (25) (204) 102.1 (65.7) (138.7) (162.1) 135.6 (1.7) (132.8) (46.5) 98.5 58.2 4 (102.4) 104 73.6 (57.5) (205.2) 58 41 (70.5) (182.7) 78.6 55 (58.2) (161.5) 75.6 (13.5) 25.2 (142)
Other Non-Cash Items (3) 1 4 26 6 1 11 11 11 0.9 31 22 13 24 2 21.1 (3) (11.1) (11.6) 7.2 8.7 31.9 3.6 10.3 3.2 30.6 (6.2) (1) 4.5 3.9 (1.3) 26.6 (4.7) (2.4) 12 93 1.8 87.9 83.5 36.4 9.6
Operating Cash Flow 68 344 137 142 26 234 198 112 34 286 210 131 (52) 245.6 79.9 12.2 (43.9) 268.6 142.9 107.5 39.6 278.4 233.4 (1.7) (0.8) 283.3 221 126.7 (57.9) 250.6 124.5 142 (21) 233.6 212.3 98.8 (4.7) 235.5 144.5 197.3 (18)
Investing Activities
Capital Expenditure (50) (58) (50) (45) (43) (62) (33) (23) (22) (32.6) (31) (32) (42) (43.4) (35.5) (29.5) (42.5) (22.9) (38.4) (28.5) (31.8) (25.9) (13.8) (19.7) (22.7) (38.6) (26.7) (26.7) (20.5) (33.9) (34.9) (35.1) (39.5) (37.3) (30.3) (25.1) (32.3) (37) (34.4) (24.5) (40.3)
Acquisitions (8) (42) 0 0 (6) (11) (290) 0 0 0 0 0 0 (3) 0 0 0 (1.7) (609.7) 0 0 3.4 0 0 0 (1.2) (0.2) 8 (1.7) (3.6) (1) 0 (105.1) (5.1) (26) (480.7) (56.9) (11.3) (103.5) 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.5 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 29 (25) 0 0 25 0 0 0 0 0 0 0 0 0 0 0 0 22.5 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 5 10 11 6 5 7 (15) 6 3 (108.6) 3 1 7 32.9 5.7 1.7 7.2 28.5 19.5 (35) 4 0.3 8.8 4 4.1 4.9 1.6 3.8 3.4 (0.1) 5.8 5.3 (105.1) (0.5) 4.9 (0.1) (0.2) (3.6) 0.4 0.2 (3)
Investing Cash Flow (53) (90) (39) (39) (44) (66) (338) (17) (19) (141.2) (28) (31) (6) (38.5) (29.8) (27.8) (10.3) 3.9 (628.6) (63.5) (27.8) (22.2) (5) (15.7) (18.6) (34.9) (25.3) (14.9) (18.8) (11.6) (30.1) (29.8) (144.6) (42.9) (51.4) (505.9) (89.4) (51.9) (137.5) (24.3) (43.3)
Financing Activities
Net Debt Issuance (55) (205) (15) (5) (5) (101) (90) 180 (81) (54.8) (19) (93) (81) (80.2) (15.1) (26.8) (30.9) (26.3) (19.3) (28.6) (26.7) (213.6) (16.8) 486.1 (317.8) (17.6) (6.3) (15.6) (18.6) (17.1) (17.4) (36.4) (6.9) (10.4) (8.9) 453.2 (7.3) (162.7) 35.8 (112) (7.2)
Stock Repurchased 0 0 (100) (65) (2) 50 (50) (50) 0 0 (50) 0 0 0 0 (25) (175.1) (30) (90.1) (60) (63.7) (25.1) 0 (0.9) 0 0 0 (39.6) (65.7) (106) (44) (100.5) (3.3) 50.1 (50.1) (8.3) 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.9) 0 0 0 0 0 0 0 (1) 0 0 (1) (3) 0 0 (0.4) (3) 0 0 (1.5)
Other Financing Activities (6) (1) (2) 0 (1) (60) (2) 2 (1) (7.5) (4) 2 (7) (13.8) 0.4 (0.3) (2.1) 1.3 (0.1) 11.2 (2.1) (28.1) (5.5) (4.8) (3.5) (0.1) 9.2 9.1 (17.5) (4.7) 6.2 (6.1) (10.3) (7.9) 2.4 (3) 3.1 3 6.4 4 0.2
Financing Cash Flow (61) (205) (117) (70) (8) (111) (142) 132 (82) (62.3) (73) (91) (88) (94) (14.7) (52.1) (208.1) (55) (109.6) (77.4) (92.5) (267.7) (22.3) 480.4 (321.3) (13.4) 2.9 (46.1) (101.8) (128.8) (55.2) (143) (14.3) (13.4) (56.6) 441.9 (4.6) (167.3) 43 (106) (2.3)
Cash Position
Net Change in Cash (49) 50 (18) 50 (18) 25 (272) 216 (76) 95 88 5 (140) 128.2 16.5 (76.6) (264.4) 213.1 (603.4) (28.3) (94.2) 19.8 217.7 466.5 (360.5) 250.4 185.5 65.9 (177.7) 105.5 37.1 (49.5) (169.6) 180.9 107 43 (96.1) 9.8 48.2 60.6 (65.5)
Cash at Beginning 660 610 628 578 596 571 843 627 703 608.1 520 515 655 526.7 510.2 586.8 851.2 638.1 1,241.5 1,269.8 1,364 1,344.2 1,126.5 660 1,020.5 770.1 584.6 518.7 696.4 590.9 553.8 603.3 772.9 592 485 442 538.1 528.3 480.1 419.5 485
Cash at End 611 660 610 628 578 596 571 843 627 703.1 608 520 515 654.9 526.7 510.2 586.8 851.2 638.1 1,241.5 1,269.8 1,364 1,344.2 1,126.5 660 1,020.5 770.1 584.6 518.7 696.4 590.9 553.8 603.3 772.9 592 485 442 538.1 528.3 480.1 419.5
Free Cash Flow 18 286 87 97 (17) 172 165 89 12 253.4 179 99 (94) 202.2 44.4 (17.3) (86.4) 245.7 104.5 79 7.8 252.5 219.6 (21.4) (23.5) 244.7 194.3 100 (78.4) 216.7 89.6 106.9 (60.5) 196.3 182 73.7 (37) 198.5 110.1 172.8 (58.3)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Income Statement
Revenue 1,254 1,262 1,288 1,305 1,262 1,311 1,320 1,351 1,294 1,297.3 1,309 1,294 1,284 1,236.7 1,238.7 1,234.9 1,174.1 1,137.2 1,088.6 1,126.8 1,063.6 1,074.5 1,026.9 652.7 983.5 1,098.4 1,107 1,157.5 1,119.3 1,165.8 1,146 1,212.2 1,172 1,172.4 1,096.3 1,094.6 1,013.7 1,034.6 1,026.3 1,070.6 961.6 1,009.6 1,005.1 1,101.1 997.5 1,087 1,115.8 1,134.3 1,054.4 0 0 1,062.3 1,062.3
Gross Profit 390 397 425 433 409 447 462 460 429 423.5 423 390 382 371.5 362.1 348.5 336.7 332.5 343.3 374 379.1 396.7 392.8 153.5 336.7 387.6 399.6 409.1 368 388.4 386.9 418.4 396 426.4 393.8 404.6 372.3 392.8 395.9 421.6 355.2 370.4 376.5 421.4 347.7 363.9 387.7 391.8 350.9 400.6 343.7 338.1 330.4
Operating Income 146 163 206 202 187 187 193 205 121 161.2 163 138 125 109.8 123.5 103.6 86.3 94.7 124.7 190.4 52.6 163.2 141.7 (64.5) 65.1 108.7 123 157.9 98.6 127.8 47.8 146.5 120 100.9 103.9 47.5 110.4 782.8 117.4 149.5 103.3 100.2 (123.9) 143 101.8 85.9 104 107.8 71.8 0 0 120.3 66.7
Net Income 90 60 110 109 99 137 101 112 41 73.1 72 61 61 43.6 62.4 44.1 41.5 53.2 69.1 126.4 15.2 69.7 82.5 (82.8) 52.2 41.7 65.5 98.4 43.4 75.4 (13.1) 74.9 69.9 (61.5) 54.9 (20.8) 64.1 (25.7) (6.6) 50.7 30.9 38.6 35.1 (25.1) 45.1 (2.2) (19.9) 53.8 (4.3) 0 0 (139.6) (29.2)
EPS (Diluted) 0.42 0.28 0.51 0.50 0.45 0.62 0.46 0.51 0.19 0.33 0.33 0.27 0.27 0.20 0.28 0.20 0.18 0.23 0.30 0.54 0.06 0.30 0.35 -0.35 0.22 0.18 0.28 0.42 0.18 0.32 -0.05 0.31 0.28 -0.26 0.22 -0.09 0.26 -0.15 -0.04 0.20 0.13 0.16 0.15 -0.11 0.19 -0.01 -0.09 0.23 -0.02 -0.25 0.02 -0.61 -0.13
Balance Sheet
Cash & Equivalents 608 657 610 628 575 593 567 843 627 699.8 605.8 520 514.7 654.9 526.7 510.2 586.8 840.6 638.1 1,241.5 1,266.9 1,364 1,344.2 1,126.5 660 1,020.5 767.2 577.3 501.1 693.6 588.1 551.1 600.4 769.8 588.9 482.1 439.1 535.4 528.3 480.1 419.5
Total Assets 7,558 7,599 7,760 7,781 7,411 7,249 7,500 7,306 7,089 7,272.1 6,996 7,043.1 7,000.6 7,059.2 6,819 6,942.6 7,081.5 7,217.2 7,233 7,209.4 7,020.8 7,157.2 7,036.5 6,668.6 6,390.7 6,818 6,690 6,692.9 6,673.4 6,675.7 6,760.8 6,696.2 6,947.4 6,832.2 6,812.6 6,657.1 5,960.4 5,854.8 6,142.5 5,835.8 5,833.1
Total Debt 3,147 3,392 3,402 3,415 3,418 3,521 3,525 3,608 3,427 3,644.9 3,542.6 3,567.9 3,647.1 3,808.6 3,730 3,768.2 3,815.3 3,856.8 3,842.5 3,853.9 3,913 3,997.1 4,059.6 4,021.3 3,519.7 3,932.9 3,814.7 3,856.1 3,852.5 3,864 3,894.5 3,882.1 3,961.3 3,915.6 3,903 3,858.9 3,307.3 3,263.9 3,482.3 3,353.2 3,458.8
Stockholders' Equity 2,421 2,346 2,279 2,265 2,076 1,912 1,905 1,773 1,731 1,727.3 1,604.1 1,644.2 1,570.1 1,453.5 1,273.3 1,326.2 1,375.4 1,492.9 1,440.8 1,488.3 1,359.4 1,433 1,339.7 1,213.1 1,291 1,354.2 1,285.7 1,252.5 1,206.2 1,205.1 1,243.4 1,303.5 1,421.4 1,276.1 1,309.4 1,266.2 1,260 1,136.1 1,210.5 1,186.5 1,134.1
Cash Flow
Operating Cash Flow 68 344 137 142 26 234 198 112 34 286 210 131 (52) 245.6 79.9 12.2 (43.9) 268.6 142.9 107.5 39.6 278.4 233.4 (1.7) (0.8) 283.3 221 126.7 (57.9) 250.6 124.5 142 (21) 233.6 212.3 98.8 (4.7) 235.5 144.5 197.3 (18)
Capital Expenditure (50) (58) (50) (45) (43) (62) (33) (23) (22) (32.6) (31) (32) (42) (43.4) (35.5) (29.5) (42.5) (22.9) (38.4) (28.5) (31.8) (25.9) (13.8) (19.7) (22.7) (38.6) (26.7) (26.7) (20.5) (33.9) (34.9) (35.1) (39.5) (37.3) (30.3) (25.1) (32.3) (37) (34.4) (24.5) (40.3)
Free Cash Flow 18 286 87 97 (17) 172 165 89 12 253.4 179 99 (94) 202.2 44.4 (17.3) (86.4) 245.7 104.5 79 7.8 252.5 219.6 (21.4) (23.5) 244.7 194.3 100 (78.4) 216.7 89.6 106.9 (60.5) 196.3 182 73.7 (37) 198.5 110.1 172.8 (58.3)