Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 5

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 5
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 an integral part of these unaudited condensed consolidated financial statements.

6

MATIV HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in millions)(Unaudited)

 Nine Months EndedSeptember 30, 20252024Operating  Net loss$(438.2)$(50.2)Adjustments to reconcile Net loss to Net cash provided by operations:  Depreciation and amortization106.3 108.4 Amortization of deferred issuance costs6.2 5.9 Goodwill impairment411.9 — Other impairments11.3 16.2 Deferred income tax(19.5)(22.2)Pension and other postretirement benefits(2.9)(4.5)Stock-based compensation8.6 8.7 (Gain) loss on sale of assets(0.8)9.7 Loss on foreign currency transactions5.8 3.0 Other non-cash items6.8 (2.9)Other operating(3.5)(2.2)Changes in operating working capital, net of assets acquired:Accounts receivable(34.3)(33.3)Inventories22.5 (14.9)Prepaid expenses(0.4)(0.1)Accounts payable and other current liabilities37.1 47.3 Accrued income taxes(2.4)1.8 Net changes in operating working capital22.5 0.8 Net cash provided by operations114.5 70.7 Investing  Capital spending(28.7)(32.9)Proceeds from sale of assets2.9 4.5 Cash received from (paid on) settlement of cross-currency swap contracts3.4 (1.7)Other investing(0.6)0.7 Net cash used in investing of:  Continuing operations(23.0)(29.4)Discontinued operations— (12.0)Net cash used in investing(23.0)(41.4)

7

MATIV HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in millions)(Unaudited)

 Nine Months EndedSeptember 30, 20252024Financing  Cash dividends paid(16.8)(16.2)Proceeds from