Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 5

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 5
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 STATEMENTS OF CASH FLOWS(in millions)(Unaudited)

 Six Months EndedJune 30, 20252024Operating  Net loss$(435.0)$(29.4)Adjustments to reconcile Net loss to Net cash provided by operations:  Depreciation and amortization71.5 72.7 Amortization of deferred issuance costs4.1 3.9 Goodwill impairment411.9 — Other impairments5.3 7.2 Deferred income tax(14.2)(20.8)Pension and other postretirement benefits(1.1)(2.9)Stock-based compensation6.2 6.0 Loss on sale of assets0.2 — (Gain) loss on foreign currency transactions5.8 (0.3)Other non-cash items0.4 1.2 Other operating(2.3)(0.9)Changes in operating working capital, net of assets acquired:Accounts receivable(40.9)(41.5)Inventories17.3 0.2 Prepaid expenses(3.8)(3.3)Accounts payable and other current liabilities15.8 39.8 Accrued income taxes0.5 1.2 Net changes in operating working capital(11.1)(3.6)Net cash provided by operations41.7 33.1 Investing  Capital spending(22.6)(20.8)Proceeds from sale of assets1.7 2.0 Cash received from (paid on) settlement of cross-currency swap contracts3.4 (1.7)Other investing(0.1)0.5 Net cash used in investing of:  Continuing operations(17.6)(20.0)Discontinued operations— (12.0)Net cash used in investing(17.6)(32.0)

7

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

 Six Months EndedJune 30, 20252024Financing  Cash dividends paid(11.4)(10.8)Proceeds from long-term debt64.0 94.0 Payments on long-term debt(67.4)(65.3)Payments on financing lease obligations(1.4)(0.7