Company: MATV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001000623-25-000024
Chunk: 4

Company: Mativ Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 4
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)Investing  Capital spending(13.9)(12.1)Proceeds from sale of assets— 2.0 Cash received from settlement of cross-currency swap contracts3.4 — Other investing(0.1)1.0 Net cash used in investing of:  Continuing operations(10.6)(9.1)Discontinued operations— (12.0)Net cash used in investing(10.6)(21.1)

6

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

 Three Months EndedMarch 31, 20252024Financing  Cash dividends paid(5.5)(5.4)Proceeds from long-term debt54.0 69.0 Payments on long-term debt(22.7)(16.7)Payments on financing lease obligations(0.2)(0.4)Shares withheld for employee taxes(1.1)(0.7)Net cash provided by financing24.5 45.8 Effect of exchange rate changes on Cash and cash equivalents and Restricted cash1.5 (3.0)Increase (decrease) in Cash and cash equivalents and Restricted cash(0.5)8.7 Cash and cash equivalents and Restricted cash at beginning of period94.3 120.2 Cash and cash equivalents and Restricted cash at end of period$93.8 $128.9 Supplemental Cash Flow DisclosuresCash paid for interest, net$13.2 $17.1 Cash paid for taxes, net$1.6 $1.7 Capital spending in Accounts payable and Accrued expenses and other current liabilities$3.9 $10.1 

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

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MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

Note 1. General

Nature of Business Organization and operations - Mativ Holdings, Inc. ("Mativ," "we," "our," or the "Company") is a global leader in specialty materials, solving our customers’ most complex challenges by engineering bold, innovative solutions that connect, protect, and purify our world.  Mativ manufactures globally through our family of business-to-business and