← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($68.9m) ($507.7m) ($48.7m) ($337.4m)
Net Income (Loss) Attributable to Parent — $34.5m $94.5m $85.8m $83.8m $88.9m ($6.6m) ($309.5m) ($48.7m) ($337.4m)
Net Income (Loss) Available to Common Stockholders, Basic — $34.1m $93.9m $85.2m $82.7m — ($6.6m) ($309.5m) ($48.7m) ($337.4m)
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)
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
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
Depreciation, Depletion and Amortization $44.5m $59.5m $61.6m $57.7m $72.2m $88.7m $129.2m $147.8m $143.8m $141.0m
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
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
Deferred Income Tax Expense (Benefit) — $1.6m $7.5m ($3.4m) ($5.2m) ($27.0m) ($31.7m) $23.8m ($34.3m) ($130.2m)
Deferred income tax — — — — ($5.2m) ($27.0m) ($31.7m) $23.8m ($34.3m) ($130.2m)
Deferred Tax — — — — — — ($28.9m) $23.8m ($34.3m) ($130.2m)
Share-based Payment Arrangement, Noncash Expense — $7.1m $4.8m $7.7m $8.8m $8.5m $20.4m $10.5m $11.4m $11.1m
Share-based Payment Arrangement, Expense — — — — — — $2.8m — — —
Goodwill, Impairment Loss — — — — $0 $0 $0 $401.0m $0 $411.9m
Goodwill impairment — — — — — $0 $0 $401.0m $0 $411.9m
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
Gain (Loss) on Disposition of Assets — — — — — — — — ($5.5m) $300k
Gain (Loss) on Disposition of Intangible Assets — $0 $0 — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment — $4.9m $0 $0 $0 $35.3m $2.9m $0 — —
Gain (Loss) on Extinguishment of Debt — — — — — — — — ($7.3m) $0
Income (Loss) from Equity Method Investments — $2.5m ($11.3m) $4.1m $4.9m $6.4m $5.2m — — —
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
Other Nonoperating Income (Expense) — — — — — — — — ($3.2m) ($7.5m)
Loss on debt extinguishment — — — — — — $0 $0 $7.3m $0
Earnings (Loss)es From Equity Investments — — — — — ($6.4m) ($5.2m) — — —
Changes in operating assets and liabilities:
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
Additional Financial Items
Increase (Decrease) in Inventories — $6.4m $4.9m $11.2m $3.5m $31.4m $82.2m ($52.2m) $26.0m ($19.3m)
Increase (Decrease) in Accounts Payable — $4.7m $8.0m ($2.1m) ($12.7m) — — — — —
Foreign Currency Transaction Gain (Loss), before Tax — ($3.5m) ($1.5m) ($1.4m) ($900k) $3.5m $7.5m ($4.8m) $1.2m ($6.6m)
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
Inventory Write-down — — — — $2.0m — — — — —
Nonoperating Income (Expense) — $100k $10.0m ($1.0m) ($1.0m) $35.9m $10.3m ($4.8m) — —
Operating Expenses — $147.0m $141.8m — — — — — — —
Proceeds from Stock Options Exercised — — — — — — — — — —
Restructuring Costs — — — — $16.8m — — — — —
Net loss $82.8m $34.5m $94.5m $85.8m $83.8m $88.9m ($6.6m) ($309.5m) ($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)
Stock-based compensation $5.8m $7.1m $4.8m $7.7m $8.8m $8.5m $20.4m $10.5m $11.4m $11.1m
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
Other operating ($600k) $700k $400k $1.8m $6.7m ($1.4m) ($300k) ($5.0m) ($2.4m) ($4.4m)
Accounts receivable $3.1m ($900k) ($18.3m) $10.8m ($5.3m) ($28.1m) $157.0m $2.0m $6.3m ($14.8m)
Inventories ($6.9m) ($6.4m) ($4.9m) ($11.2m) ($3.5m) ($31.4m) ($82.2m) $52.2m ($26.0m) $19.3m
Prepaid expenses ($500k) $800k ($100k) ($200k) $600k $700k ($200k) ($200k) $2.2m $100k
Accounts payable and other current liabilities — — — $1.8m ($5.3m) $3.5m $4.4m ($64.4m) $20.6m $8.3m
Accrued income taxes ($3.8m) ($7.1m) ($8.0m) ($3.0m) $7.8m ($6.1m) ($14.6m) ($9.4m) ($3.0m) ($4.5m)
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
Capital spending ($27.8m) ($37.2m) ($27.0m) ($28.6m) ($30.1m) ($35.9m) ($56.9m) ($66.0m) ($55.0m) ($40.0m)
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)
Capital spending in accounts payable and accrued liabilities — — — — $5.2m $6.3m $14.6m $10.1m $6.7m $4.6m
Beginning Cash Position — — — — — — $74.7m $124.4m $120.2m $94.3m
Cash Flow From Continuing Financing Activities — — — — — — $332.5m ($662.0m) ($55.9m) ($106.7m)
Cash Flow From Continuing Investing Activities — — — — — — ($469.3m) ($61.4m) ($44.7m) ($37.0m)
Cash From Discontinued Financing Activities — — — — — — ($1.0m) ($900k) $0 $0
Cash From Discontinued Investing Activities — — — — — — ($12.0m) $608.6m ($12.0m) $0
Change In Account Payable — — — — — — ($15.3m) ($64.4m) $20.6m $8.3m
Change In Income Tax Payable — — — — — — ($15.6m) ($9.4m) ($3.0m) ($4.5m)
Change In Inventory — — — — — — ($62.9m) $52.2m ($26.0m) $19.3m
Change In Payable — — — — — — ($30.9m) ($73.8m) $17.6m $3.8m
Change In Payables And Accrued Expense — — — — — — ($30.9m) ($73.8m) $17.6m $3.8m
Change In Prepaid Assets — — — — — — ($200k) ($200k) $2.2m $100k
Change In Receivables — — — — — — $157.1m $2.0m $6.3m ($14.8m)
Change In Tax Payable — — — — — — ($15.6m) ($9.4m) ($3.0m) ($4.5m)
Change In Working Capital — — — — — — $63.1m ($19.8m) $100k $8.4m
Changes In Account Receivables — — — — — — $157.1m $2.0m $6.3m ($14.8m)
Changes In Cash — — — — — — $52.4m ($9.1m) ($17.8m) ($9.9m)
End Cash Position — — — — — — $124.4m $120.2m $94.3m $89.8m
Financing Cash Flow — — — — — — $331.5m ($662.9m) ($55.9m) ($106.7m)
Free Cash Flow — — — — — — $154.0m $40.6m $39.8m $93.8m
Investing Cash Flow — — — — — — ($481.3m) $547.2m ($56.7m) ($37.0m)
Net Business Purchase And Sale — — — — — ($630.5m) ($462.5m) $0 $0 —
Net Foreign Currency Exchange Gain Loss — — — — — — ($7.5m) $4.8m ($1.2m) $6.6m
Operating Gains Losses — — — — — — ($16.9m) ($3.5m) $5.7m $3.4m
Pension And Employee Benefit Expense — — — — — — ($6.5m) ($8.3m) ($5.9m) ($2.9m)
Purchase Of Business — — — — — ($630.5m) ($462.5m) $0 $0 —
Repurchase Of Capital Stock — — — — — — ($6.9m) ($10.6m) ($800k) ($1.4m)
Derivative, Gain (Loss) on Derivative, Net — — — — — — — — $34.8m $25.0m
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax — ($300k) — — — — — — — —
Net Cash Provided by (Used in) Operating Activities — $131.0m $139.1m $160.3m $161.6m $58.1m $202.2m $106.6m $94.8m $133.8m
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
Capital Expenditure Reported — — $27.0m $28.6m $35.9m — ($48.2m) ($66.0m) ($55.0m) ($40.0m)
Payments to Acquire Businesses, Net of Cash Acquired — $291.7m $0 $0 $169.3m $630.6m $462.5m $0 $0 —
Net Investment Purchase And Sale — — — — — — $35.8m $0 ($1.7m) $3.4m
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)
Net cash provided by (used in) investing ($22.4m) ($318.5m) ($27.5m) ($14.8m) ($203.1m) ($636.5m) ($481.3m) $547.2m ($56.7m) ($37.0m)
Net Cash Provided by (Used in) Investing Activities — ($318.5m) ($27.5m) ($14.8m) ($203.1m) ($636.5m) ($481.3m) $547.2m ($56.7m) ($37.0m)
Cash flows from financing activities:
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
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 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
Long Term Debt Issuance — — — — — — $774.9m $241.0m $531.0m $82.0m
Net Issuance Payments Of Debt — — — — — — $433.7m ($594.6m) ($25.2m) ($83.0m)
Net Long Term Debt Issuance — — — — — — $433.7m ($594.6m) ($25.2m) ($83.0m)
Repayments of Long-term Debt — $208.8m $694.0m $99.5m $165.3m $55.9m $341.8m $834.6m $554.7m $161.9m
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)
Long Term Debt Payments — — — — — — ($341.2m) ($835.6m) ($556.2m) ($165.0m)
Repayment Of Debt — — — — — — ($341.2m) ($835.6m) ($556.2m) ($165.0m)
Net Common Stock Issuance — — — — — — ($6.9m) ($10.6m) ($800k) ($1.4m)
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 Payments — — — — — — ($6.9m) ($10.6m) ($800k) ($1.4m)
Dividends paid — $52 $53 $54 $55 $55 $72 $55 $22 $22
Cash dividends paid ($49) ($52) ($53) ($54) ($55) ($55) ($72) ($55) ($22) ($22)
Common Stock Dividend Paid — — — — — — ($72.2m) ($55.3m) ($21.6m) ($22.3m)
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) —
Net Cash Provided by (Used in) Financing Activities ($185.7m) $179.5m ($120.9m) ($135.8m) ($8.6m) $599.9m $331.6m ($662.9m) ($55.9m) ($106.7m)
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
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
Effect Of Exchange Rate Changes — — — — — — ($2.7m) $4.9m ($8.1m) $5.4m
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)
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)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $103.0m $54.7m $74.7m $124.4m $120.2m $94.3m $89.8m
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
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $49.7m ($4.2m) ($25.9m) ($4.5m)
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.