← Mativ Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | $82.8m | $34.5m | $94.5m | $85.8m | $83.8m | $88.9m | ($6.6m) | ($309.5m) | ($48.7m) | ($337.4m) | — | |
| Net Income From Continuing Operations | — | — | — | — | — | — | ($68.9m) | ($507.7m) | ($48.7m) | ($337.4m) | $89.5m | |
| Net Income (Loss) Attributable to Parent | — | $34.5m |
$94.5m
+173.91%
|
$85.8m
-9.21%
|
$83.8m
-2.33%
|
$88.9m
+6.09%
|
($6.6m)
-107.42%
|
($309.5m)
-4589.39%
|
($48.7m)
+84.26%
|
($337.4m)
-592.81%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $34.1m |
$93.9m
+175.37%
|
$85.2m
-9.27%
|
$82.7m
-2.93%
|
— | ($6.6m) |
($309.5m)
-4589.39%
|
($48.7m)
+84.26%
|
($337.4m)
-592.81%
|
— | |
| Depreciation, Depletion and Amortization | $44.5m | $59.5m | $61.6m | $57.7m | $72.2m | $88.7m | $129.2m | $147.8m | $143.8m | $141.0m | $139.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $4.0m | $6.4m | $7.6m | $7.8m | $8.2m | — | |
| Amortization of Intangible Assets | — | $20.9m | $20.7m | $20.3m | $24.6m | $39.7m | $53.4m | $61.0m | $62.9m | $63.2m | — | |
| Capitalized Computer Software, Amortization | — | $1.1m | $1.6m | $1.9m | $2.1m | $3.0m | $4.5m | $5.0m | $3.2m | $2.9m | — | |
| Depreciation | $44.5m | $35.7m | $38.1m | $35.8m | $42.2m | $47.8m | $71.2m | $81.7m | $77.7m | $74.9m | $139.0m | |
| Amortization of deferred issuance costs | — | — | — | — | $2.1m | $4.0m | $6.4m | $7.6m | $7.8m | $8.2m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $109.9m | $147.8m | $143.8m | $141.0m | $139.0m | |
| Deferred Income Tax Expense (Benefit) | — | $1.6m | $7.5m | ($3.4m) | ($5.2m) | ($27.0m) | ($31.7m) | $23.8m | ($34.3m) | ($130.2m) | ($115.1m) | |
| Deferred Tax | — | — | — | — | — | — | ($28.9m) | $23.8m | ($34.3m) | ($130.2m) | ($115.1m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $7.1m | $4.8m | $7.7m | $8.8m | $8.5m | $20.4m | $10.5m | $11.4m | $11.1m | $8.5m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $2.8m | — | — | — | $8.5m | |
| Stock-based compensation | $5.8m | $7.1m | $4.8m | $7.7m | $8.8m | $8.5m | $20.4m | $10.5m | $11.4m | $11.1m | $8.5m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $401.0m | $0 | $411.9m | $6.6m | |
| Goodwill impairment | — | — | — | — | — | $0 | $0 | $401.0m | $0 | $411.9m | $6.6m | |
| Other impairments | $21.3m | $4.6m | $200k | $1.1m | $0 | $1.6m | $13.8m | $18.2m | $16.2m | $11.8m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $13.8m | $419.2m | $16.2m | $423.7m | $6.6m | |
| Income (Loss) from Equity Method Investments | — | $2.5m | ($11.3m) | $4.1m | $4.9m | $6.4m | $5.2m | — | — | — | — | |
| Nonoperating Income (Expense) | — | $100k | $10.0m | ($1.0m) | ($1.0m) | $35.9m | $10.3m | ($4.8m) | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | ($3.2m) | ($7.5m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($6.4m) | ($5.2m) | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $63.1m | ($19.8m) | $100k | $8.4m | $12.0m | |
| Accounts receivable | $3.1m | ($900k) | ($18.3m) | $10.8m | ($5.3m) | ($28.1m) | $157.0m | $2.0m | $6.3m | ($14.8m) | ($5.6m) | |
| Change In Receivables | — | — | — | — | — | — | $157.1m | $2.0m | $6.3m | ($14.8m) | ($5.6m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $157.1m | $2.0m | $6.3m | ($14.8m) | ($5.6m) | |
| Increase (Decrease) in Inventories | — | $6.4m | $4.9m | $11.2m | $3.5m | $31.4m | $82.2m | ($52.2m) | $26.0m | ($19.3m) | ($17.6m) | |
| Inventory Write-down | — | — | — | — | $2.0m | — | — | — | — | — | — | |
| Inventories | ($6.9m) | ($6.4m) | ($4.9m) | ($11.2m) | ($3.5m) | ($31.4m) | ($82.2m) | $52.2m | ($26.0m) | $19.3m | ($17.6m) | |
| Change In Inventory | — | — | — | — | — | — | ($62.9m) | $52.2m | ($26.0m) | $19.3m | ($17.6m) | |
| Increase (Decrease) in Accounts Payable | — | $4.7m | $8.0m | ($2.1m) | ($12.7m) | — | — | — | — | — | $31.5m | |
| Accounts payable and other current liabilities | — | — | — | $1.8m | ($5.3m) | $3.5m | $4.4m | ($64.4m) | $20.6m | $8.3m | $31.5m | |
| Capital spending in accounts payable and accrued liabilities | — | — | — | — | $5.2m | $6.3m | $14.6m | $10.1m | $6.7m | $4.6m | — | |
| Accrued income taxes | ($3.8m) | ($7.1m) | ($8.0m) | ($3.0m) | $7.8m | ($6.1m) | ($14.6m) | ($9.4m) | ($3.0m) | ($4.5m) | — | |
| Other operating | ($600k) | $700k | $400k | $1.8m | $6.7m | ($1.4m) | ($300k) | ($5.0m) | ($2.4m) | ($4.4m) | — | |
| Net Cash Provided by (Used in) Operating Activities | — | $131.0m |
$139.1m
+6.18%
|
$160.3m
+15.24%
|
$161.6m
+0.81%
|
$58.1m
-64.05%
|
$202.2m
+248.02%
|
$106.6m
-47.28%
|
$94.8m
-11.07%
|
$133.8m
+41.14%
|
$161.0m
+20.33%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $37.2m | $27.0m | $28.6m | $30.1m | $35.9m | $56.9m | $66.0m | $55.0m | $40.0m | ($33.3m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $4.9m | $0 | $0 | $0 | $35.3m | $2.9m | $0 | — | — | $7.2m | |
| Capital Expenditure Reported | — | — | $27.0m | $28.6m | $35.9m | — | ($48.2m) | ($66.0m) | ($55.0m) | ($40.0m) | ($33.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $291.7m | $0 | $0 | $169.3m | $630.6m | $462.5m | $0 | $0 | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | ($6.9m) | ($2.2m) | ($4.6m) | $1.0m | $2.3m | $2.5m | ($5.0m) | ($6.8m) | $3.3m | — | |
| Other investing | $8.2m | $6.9m | $2.2m | $4.6m | ($1.0m) | ($2.3m) | ($2.5m) | $5.0m | $6.8m | ($3.3m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $5.6m | $4.6m | $12.0m | ($400k) | ($5.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($22.4m) | ($318.5m) | ($27.5m) | ($14.8m) | ($203.1m) | ($636.5m) | ($481.3m) | $547.2m | ($56.7m) | ($37.0m) | ($35.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | $208.8m | $694.0m | $99.5m | $165.3m | $55.9m | $341.8m | $834.6m | $554.7m | $161.9m | ($814.5m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | ($7.3m) | $0 | — | |
| Proceeds from Issuance of Long-term Debt | — | $440.5m | $634.2m | $19.1m | $212.7m | $744.5m | $775.0m | $241.0m | $531.0m | $82.0m | $711.7m | |
| Loss on debt extinguishment | — | — | — | — | — | — | $0 | $0 | $7.3m | $0 | — | |
| Proceeds from long-term debt | $35.6m | $440.5m | $634.2m | $19.1m | $212.7m | $744.5m | $775.0m | $241.0m | $531.0m | $82.0m | — | |
| Payments on long-term debt | ($171.0m) | ($208.8m) | ($694.0m) | ($99.5m) | ($165.3m) | ($55.9m) | ($341.8m) | ($834.6m) | ($554.7m) | ($161.9m) | — | |
| Payments for debt issuance costs | $0 | ($600k) | ($3.6m) | $0 | $0 | ($14.6m) | ($22.1m) | ($1.5m) | ($8.3m) | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | — | $774.9m | $241.0m | $531.0m | $82.0m | $711.7m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $774.9m | $241.0m | $531.0m | $82.0m | $711.7m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($341.2m) | ($835.6m) | ($556.2m) | ($165.0m) | ($814.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $433.7m | ($594.6m) | ($25.2m) | ($83.0m) | ($102.8m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $433.7m | ($594.6m) | ($25.2m) | ($83.0m) | ($102.8m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($341.2m) | ($835.6m) | ($556.2m) | ($165.0m) | ($814.5m) | |
| Payments for Repurchase of Common Stock | — | $1.2m | $3.0m | $900k | $1.0m | $3.4m | $6.9m | $10.6m | — | — | — | |
| Purchases of common stock and shares withheld for employee taxes | — | — | — | — | — | — | ($6.9m) | ($10.6m) | ($800k) | ($1.4m) | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($72.2m) | ($55.3m) | ($21.6m) | ($22.3m) | ($22.4m) | |
| Common Stock Payments | — | — | — | — | — | — | ($6.9m) | ($10.6m) | ($800k) | ($1.4m) | ($2.2m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($6.9m) | ($10.6m) | ($800k) | ($1.4m) | ($2.2m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($6.9m) | ($10.6m) | ($800k) | ($1.4m) | ($2.2m) | |
| Dividends paid | — | $52 | $53 | $54 | $55 | $55 | $72 | $55 | $22 | $22 | ($22.4m) | |
| Cash dividends paid | ($49) | ($52) | ($53) | ($54) | ($55) | ($55) | ($72) | ($55) | ($22) | ($22) | ($22.4m) | |
| Dividend Received CFO | — | — | — | — | — | $3.3m | $4.1m | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | $0 | $300k | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | ($14.6m) | ($22.1m) | ($1.5m) | ($8.3m) | — | ($8.3m) | |
| Net Cash Provided by (Used in) Financing Activities | ($185.7m) |
$179.5m
+196.66%
|
($120.9m)
-167.35%
|
($135.8m)
-12.32%
|
($8.6m)
+93.67%
|
$599.9m
+7075.58%
|
$331.6m
-44.72%
|
($662.9m)
-299.91%
|
($55.9m)
+91.57%
|
($106.7m)
-90.88%
|
($160.0m)
-49.95%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $9.2m | ($48.3m) | $20.0m | $49.7m | ($4.2m) | ($25.9m) | ($4.5m) | $71.8m | |
| Cash and cash equivalents and Restricted cash at beginning of period | — | $106.9m | $93.8m | $103.0m | $54.7m | $74.7m | $124.4m | $120.2m | $94.3m | $89.8m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $74.7m | $124.4m | $120.2m | $94.3m | $106.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $103.0m | $54.7m | $74.7m | $124.4m | $120.2m | $94.3m | $89.8m | $71.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($500k) | $1.8m | ($1.5m) | ($2.8m) | $4.9m | ($8.1m) | $5.4m | ($1.0m) | |
| Capital spending | ($27.8m) | ($37.2m) | ($27.0m) | ($28.6m) | ($30.1m) | ($35.9m) | ($56.9m) | ($66.0m) | ($55.0m) | ($40.0m) | — | |
| Effect of exchange rate changes on Cash and cash equivalents and Restricted cash | — | $7.5m | ($3.8m) | ($500k) | $1.8m | ($1.5m) | ($2.8m) | $4.9m | ($8.1m) | $5.4m | ($1.0m) | |
| Decrease in Cash and cash equivalents and Restricted cash | — | ($500k) | ($13.1m) | $9.2m | ($48.3m) | $20.0m | $49.7m | ($4.2m) | ($25.9m) | ($4.5m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $22.7m | $24.0m | $29.1m | $31.4m | $47.4m | $84.6m | $121.4m | $90.8m | $82.8m | — | |
| Income Taxes Paid, Net | — | $38.1m | $23.2m | $20.8m | $14.8m | $22.4m | $26.0m | $37.5m | $14.9m | $11.5m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | — | $34.8m | $25.0m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($3.5m) | ($1.5m) | ($1.4m) | ($900k) | $3.5m | $7.5m | ($4.8m) | $1.2m | ($6.6m) | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | ($5.5m) | $300k | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | $0 | $0 | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | — | $95.9m | $90.9m | $105.1m | $116.9m | $169.9m | $266.1m | $246.0m | — | — | — | |
| Goodwill | — | $341.3m | $338.1m | $337.4m | $403.7m | $648.3m | $847.2m | $474.1m | $465.6m | $57.6m | $6.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $34.4m | $94.8m | $85.8m | $83.8m | — | — | ($507.7m) | ($48.7m) | ($337.4m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | $100k | ($300k) | $0 | $0 | — | — | $198.2m | $0 | $0 | — | |
| Income Tax Expense (Benefit) | — | $69.6m | $10.7m | $15.2m | $18.4m | ($9.4m) | ($12.6m) | $26.8m | ($30.2m) | ($125.6m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $74.7m | $71.1m | — | |
| Operating Expenses | — | $147.0m | $141.8m | — | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | ($300k) | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | $16.8m | — | — | — | — | — | — | |
| Less: Income from discontinued operations | $0 | $100k | ($300k) | $0 | $0 | $87.2m | $62.3m | $198.2m | $0 | $0 | — | |
| Loss from continuing operations | $82.8m | $34.4m | $94.8m | $85.8m | $83.8m | $1.7m | ($68.9m) | ($507.7m) | ($48.7m) | ($337.4m) | — | |
| Pension and other postretirement benefits | $3.8m | $3.8m | $2.8m | $2.6m | $3.7m | $700k | ($5.5m) | ($8.3m) | ($5.9m) | ($2.9m) | — | |
| Loss (gain) on sale of assets | — | — | — | — | — | — | ($2.9m) | $0 | $5.5m | ($300k) | — | |
| Loss (gain) on foreign currency transactions | — | — | — | — | $7.9m | ($3.5m) | ($7.5m) | $4.8m | ($1.2m) | $6.6m | — | |
| Other non-cash items | — | — | — | — | — | ($7.1m) | $2.1m | ($12.7m) | ($4.8m) | $10.0m | — | |
| Cash received from settlement of interest swap agreements | — | — | — | — | $0 | $0 | $23.6m | $16.4m | $0 | $0 | — | |
| Prepaid expenses | ($500k) | $800k | ($100k) | ($200k) | $600k | $700k | ($200k) | ($200k) | $2.2m | $100k | — | |
| Net changes in operating working capital | ($11.0m) | ($11.9m) | ($24.3m) | ($1.8m) | ($5.7m) | ($61.4m) | $64.4m | ($19.8m) | $100k | $8.4m | — | |
| Continuing operations | $129.7m | $130.9m | $138.9m | $160.3m | $161.6m | $600.6m | $332.5m | ($662.0m) | ($55.9m) | ($106.7m) | — | |
| Discontinued operations | $0 | $100k | $200k | $0 | $0 | ($700k) | ($1.0m) | ($900k) | $0 | $0 | — | |
| Net cash provided by operations | $129.7m | $131.0m | $139.1m | $160.3m | $161.6m | $58.1m | $202.2m | $106.6m | $94.8m | $133.8m | — | |
| Proceeds from sale of assets | $0 | $7.0m | $0 | $14.7m | $500k | $35.3m | $7.5m | $0 | $5.8m | $2.9m | — | |
| Cash received from (paid on) settlement of cross-currency swap contracts | — | — | — | — | $0 | $0 | $35.8m | $0 | ($1.7m) | $3.4m | — | |
| Payments on financing lease obligations | — | — | — | $0 | $0 | ($15.4m) | ($700k) | ($1.0m) | ($1.5m) | ($3.1m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $332.5m | ($662.0m) | ($55.9m) | ($106.7m) | ($160.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($469.3m) | ($61.4m) | ($44.7m) | ($37.0m) | ($35.2m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | — | ($1.0m) |
($900k)
+10.00%
|
$0
+100.00%
|
$0 | $0 | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | ($12.0m) | $608.6m | ($12.0m) | $0 | $0 | |
| Change In Account Payable | — | — | — | — | — | — | ($15.3m) | ($64.4m) | $20.6m | $8.3m | $31.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $49.7m | ($4.2m) | ($25.9m) | ($4.5m) | — | |
| Change In Payable | — | — | — | — | — | — | ($30.9m) | ($73.8m) | $17.6m | $3.8m | $31.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($200k) | ($200k) | $2.2m | $100k | $1.2m | |
| Change In Tax Payable | — | — | — | — | — | — | ($15.6m) | ($9.4m) | ($3.0m) | ($4.5m) | $2.5m | |
| Changes In Cash | — | — | — | — | — | — | $52.4m | ($9.1m) | ($17.8m) | ($9.9m) | ($34.2m) | |
| End Cash Position | — | — | — | — | — | — | $124.4m | $120.2m | $94.3m | $89.8m | $71.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $331.5m |
($662.9m)
-299.97%
|
($55.9m)
+91.57%
|
($106.7m)
-90.88%
|
($160.0m)
-49.95%
|
|
| Free Cash Flow | — | — | — | — | — | — | $154.0m | $40.6m | $39.8m | $93.8m | $127.7m | |
| Investing Cash Flow | — | — | — | — | — | — | ($481.3m) | $547.2m | ($56.7m) | ($37.0m) | ($35.2m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($630.5m) | ($462.5m) | $0 | $0 | — | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($7.5m) | $4.8m | ($1.2m) | $6.6m | $4.9m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $35.8m | $0 | ($1.7m) | $3.4m | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($16.9m) | ($3.5m) | $5.7m | $3.4m | $7.2m | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | ($6.5m) | ($8.3m) | ($5.9m) | ($2.9m) | ($4.1m) | |
| Purchase Of Business | — | — | — | — | — | ($630.5m) | ($462.5m) | $0 | $0 | — | $0 |