Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 100

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 100
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 — — — Stock options exercised813 — — — — Stock-based employee compensation expense— — 10.2 — — 10.2 Stock issued to directors as compensation16,431 — 1.0 — — 1.0 Purchases and retirement of common stock(659,146)(0.1)(0.1)(10.5)— (10.7)Balance, December 31, 202354,211,124 $5.4 $669.6 $235.0 $39.1 $949.1 Net loss— — — (48.7)— (48.7)Other comprehensive loss, net of tax— — — — (26.0)(26.0)Dividends paid ($0.40 per share)— — — (22.0)— (22.0)Restricted stock issuances, net106,538 — — — — — Stock-based employee compensation expense (1)— — 5.9 — — 5.9 Stock issued to directors as compensation18,168 — 1.0 — — 1.0 Shares withheld for employee taxes— — (0.8)— — (0.8)Balance, December 31, 202454,335,830 $5.4 $675.7 $164.3 $13.1 $858.5 (1)Includes the impact of the equity-to-liability modification of certain restricted stock awards.

The accompanying notes are an integral part of these consolidated financial statements.

56

MATIV HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(in millions) 

Years Ended December 31,202420232022Operating  Net loss$(48.7)$(309.5)$(6.6)Less: Income from discontinued operations— (198.2)(62.3)Loss from continuing operations(48.7)(507.7)(68.9)Adjustments to reconcile net loss to net cash provided by operating activities:  Depreciation and amortization143.8 147.8 109.9 Amortization of deferred issuance costs7.8 7.6 6.4