$MATV
Mativ Holdings, Inc.

2023 Q4 Form 10-Q Financial Statement

#000100062323000062 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $452.3M $498.2M
YoY Change -31.48% -26.09%
Cost Of Revenue $366.4M $411.5M
YoY Change -31.87% -25.32%
Gross Profit $85.90M $86.70M
YoY Change -29.76% -29.57%
Gross Profit Margin 18.99% 17.4%
Selling, General & Admin $78.50M $83.90M
YoY Change -8.72% -34.2%
% of Gross Profit 91.39% 96.77%
Research & Development $4.600M $5.400M
YoY Change -44.58% -29.87%
% of Gross Profit 5.36% 6.23%
Depreciation & Amortization $35.40M $27.60M
YoY Change -4.07% -33.33%
% of Gross Profit 41.21% 31.83%
Operating Expenses $83.10M $89.30M
YoY Change -11.88% -33.95%
Operating Profit $2.800M -$419.9M
YoY Change -90.0% 2920.86%
Interest Expense -$13.40M $16.80M
YoY Change -41.74% -29.41%
% of Operating Profit -478.57%
Other Income/Expense, Net -$1.200M -$300.0K
YoY Change -87.1% -112.5%
Pretax Income -$16.80M -$437.0M
YoY Change 211.11% 1137.96%
Income Tax -$3.200M $27.30M
% Of Pretax Income
Net Earnings $157.7M -$455.0M
YoY Change 6756.52% 1922.22%
Net Earnings / Revenue 34.87% -91.33%
Basic Earnings Per Share -$8.33
Diluted Earnings Per Share $2.90 -$8.33
COMMON SHARES
Basic Shares Outstanding 54.20M shares 54.71M shares
Diluted Shares Outstanding 54.66M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.2M $84.70M
YoY Change -3.38% 2.92%
Cash & Equivalents $120.2M $84.70M
Short-Term Investments
Other Short-Term Assets $32.30M $29.10M
YoY Change 11.76% 81.88%
Inventory $352.9M $364.6M
Prepaid Expenses
Receivables $176.5M $179.3M
Other Receivables $30.60M $18.40M
Total Short-Term Assets $712.5M $914.4M
YoY Change -26.9% -14.06%
LONG-TERM ASSETS
Property, Plant & Equipment $672.5M $665.2M
YoY Change -23.13% -21.13%
Goodwill $474.1M $468.0M
YoY Change -44.04% -44.88%
Intangibles $631.3M $636.6M
YoY Change -11.12% -3.72%
Long-Term Investments
YoY Change
Other Assets $81.80M $128.6M
YoY Change -29.12% -35.6%
Total Long-Term Assets $1.930B $2.203B
YoY Change -28.38% -16.81%
TOTAL ASSETS
Total Short-Term Assets $712.5M $914.4M
Total Long-Term Assets $1.930B $2.203B
Total Assets $2.642B $3.118B
YoY Change -27.98% -16.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.3M $149.3M
YoY Change -38.28% -37.45%
Accrued Expenses $113.7M $108.8M
YoY Change -38.27% -41.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.800M $34.50M
YoY Change -91.91% 1816.67%
Total Short-Term Liabilities $281.4M $403.5M
YoY Change -39.63% -8.15%
LONG-TERM LIABILITIES
Long-Term Debt $1.102B $1.704B
YoY Change -33.6% -6.72%
Other Long-Term Liabilities $44.40M $26.20M
YoY Change -9.02% -59.63%
Total Long-Term Liabilities $1.146B $1.730B
YoY Change -32.9% 2565.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $281.4M $403.5M
Total Long-Term Liabilities $1.146B $1.730B
Total Liabilities $1.693B $2.445B
YoY Change -31.99% -5.23%
SHAREHOLDERS EQUITY
Retained Earnings $235.0M $86.30M
YoY Change -61.52% -86.32%
Common Stock $5.400M $5.400M
YoY Change -1.82% -1.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $949.1M $673.0M
YoY Change
Total Liabilities & Shareholders Equity $2.642B $3.118B
YoY Change -27.98% -16.02%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $157.7M -$455.0M
YoY Change 6756.52% 1922.22%
Depreciation, Depletion And Amortization $35.40M $27.60M
YoY Change -4.07% -33.33%
Cash From Operating Activities $54.20M $32.90M
YoY Change -70.7% -4212.5%
INVESTING ACTIVITIES
Capital Expenditures $16.50M $7.400M
YoY Change -21.43% -138.54%
Acquisitions
YoY Change
Other Investing Activities $621.9M -$11.30M
YoY Change 47738.46% -97.55%
Cash From Investing Activities $605.4M -$18.70M
YoY Change -3173.1% -96.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -648.8M -16.10M
YoY Change 404.12% -103.15%
NET CHANGE
Cash From Operating Activities 54.20M 32.90M
Cash From Investing Activities 605.4M -18.70M
Cash From Financing Activities -648.8M -16.10M
Net Change In Cash 10.80M -1.900M
YoY Change -70.49% -106.05%
FREE CASH FLOW
Cash From Operating Activities $54.20M $32.90M
Capital Expenditures $16.50M $7.400M
Free Cash Flow $37.70M $25.50M
YoY Change -77.01% 38.59%

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us-gaap Other Asset Impairment Charges
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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matv Pension And Other Postretirement Benefit Expense Net Of Pension And Other Postretirement Benefit Contributions
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matv Pension And Other Postretirement Benefit Expense Net Of Pension And Other Postretirement Benefit Contributions
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
19800000 usd
us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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matv Payments For Proceeds From Derivative Instrument Operating Activities
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matv Payments For Proceeds From Derivative Instrument Operating Activities
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Increase Decrease In Accounts And Other Receivables
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5800000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
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31900000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
47500000 usd
us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Operating Capital
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13400000 usd
us-gaap Increase Decrease In Operating Capital
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
37800000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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14600000 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
61800000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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52400000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17200000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49400000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27100000 usd
us-gaap Payments For Software
PaymentsForSoftware
500000 usd
us-gaap Payments For Software
PaymentsForSoftware
2100000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
462500000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
7400000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
35800000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4900000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Dividends
PaymentsOfDividends
49800000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
50100000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
180000000.0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
720400000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
134200000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
179500000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1500000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
22600000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
700000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
300000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7000000.0 usd
us-gaap Payments For Repurchase Of Common Stock
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6400000 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
461500000 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
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us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
460300000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7600000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124400000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74700000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103600000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82300000 usd
us-gaap Interest Paid Net
InterestPaidNet
94900000 usd
us-gaap Interest Paid Net
InterestPaidNet
48000000.0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27500000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16800000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8700000 usd
CY2022Q3 us-gaap Number Of Reportable Segments
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2 segment
CY2023Q3 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
100 country
CY2023Q3 matv Number Of Production Locations
NumberOfProductionLocations
40 production_location
us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the revenues and expenses during the reporting period. Actual results could differ significantly from these estimates. The significant estimates underlying our unaudited condensed consolidated financial statements include, but are not limited to, inventory valuation, goodwill valuation, useful lives of tangible and intangible assets, business acquisitions, equity-based compensation, derivatives, receivables valuation, pension, postretirement and other benefits, taxes and contingencies.</span></div>
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1573700000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1112500000 usd
CY2022Q4 matv Accounts Receivable Sale Agreement Maximum Commitment
AccountsReceivableSaleAgreementMaximumCommitment
175000000 usd
CY2022Q4 matv Accounts Receivable Sales Agreement Term
AccountsReceivableSalesAgreementTerm
P3Y
CY2023Q3 us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
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us-gaap Accounts Receivable Sale
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us-gaap Proceeds From Sale And Collection Of Receivables
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CY2023Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2023Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
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CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2022Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2022Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
26400000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
12500000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
14000000.0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q3 us-gaap Dividends
Dividends
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CY2022Q3 us-gaap Dividends
Dividends
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us-gaap Dividends
Dividends
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us-gaap Dividends
Dividends
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54659100 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54600100 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38415900 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54659100 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52593900 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54600100 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38415900 shares
CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
145900000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
162100000 usd
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
57100000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
57900000 usd
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
152700000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
180000000.0 usd
CY2023Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
8900000 usd
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
14600000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
364600000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Goodwill
Goodwill
844200000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
401000000.0 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
8800000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
468000000.0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
700000 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
700000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15500000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14800000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37000000 usd
CY2023Q3 matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
16300000 usd
CY2022Q3 matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
1800000 usd
matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
17600000 usd
matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
17300000 usd
CY2023Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
2800000 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
3100000 usd
CY2022Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
CY2023Q3 matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
16300000 usd
CY2022Q3 matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
1800000 usd
matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
17600000 usd
matv Restructuring Settlement And Other Impairment Provisions
RestructuringSettlementAndOtherImpairmentProvisions
17300000 usd
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
2800000 usd
CY2022Q3 us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Inventory Write Down
InventoryWriteDown
2800000 usd
us-gaap Inventory Write Down
InventoryWriteDown
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CY2023Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
2800000 usd
CY2022Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
3100000 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
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CY2023Q3 us-gaap Restructuring Costs
RestructuringCosts
19100000 usd
CY2022Q3 us-gaap Restructuring Costs
RestructuringCosts
1800000 usd
us-gaap Restructuring Costs
RestructuringCosts
21800000 usd
us-gaap Restructuring Costs
RestructuringCosts
17300000 usd
CY2022Q4 us-gaap Restructuring Reserve
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4000000.0 usd
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
3800000 usd
us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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300000 usd
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0 usd
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
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us-gaap Payments For Restructuring
PaymentsForRestructuring
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us-gaap Payments For Restructuring
PaymentsForRestructuring
1500000 usd
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
0 usd
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
100000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
3300000 usd
CY2022Q3 us-gaap Restructuring Reserve
RestructuringReserve
4800000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
26000000.0 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
29400000 usd
CY2023Q3 matv Long Term Debt And Other Gross
LongTermDebtAndOtherGross
1738500000 usd
CY2022Q4 matv Long Term Debt And Other Gross
LongTermDebtAndOtherGross
1690000000 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
34500000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
33600000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1704000000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1656400000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
10800000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
40600000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
40600000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
379200000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
966000000.0 usd
CY2023Q3 matv Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
327300000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
1764500000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
56900000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
12000000.0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
44900000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
13700000 usd
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3200000 usd
CY2022Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3600000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10900000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8300000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.062
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
CY2023Q3 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
32000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.065
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
40000000 usd
CY2022Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
498200000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
551500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1573700000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1112500000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-419900000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-31600000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-411700000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-42300000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001000623-23-000062.txt Edgar Link pending
0001000623-23-000062-xbrl.zip Edgar Link pending
ex104separationagreement.htm Edgar Link pending
ex31109302023.htm Edgar Link pending
ex31209302023.htm Edgar Link pending
ex3209302023.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
matv-20230930.htm Edgar Link pending
matv-20230930.xsd Edgar Link pending
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matv-20230930_cal.xml Edgar Link unprocessable
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matv-20230930_htm.xml Edgar Link completed
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