Matthews International Corporation (MATW) Financial Statements (2025 and earlier)

Company Profile

Business Address TWO NORTHSHORE CENTER
PITTSBURGH, PA 15212-5851
State of Incorp. PA
Fiscal Year End September 30
Industry (SIC) 336 - Nonferrous Foundries (castings) (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments384269494135
Cash and cash equivalents384269494135
Restricted cash and investments   2   
Receivables216208221310295319
Inventory, net of allowances, customer advances and progress billings258260225189175180
Inventory258260225189175180
Contract with customer, asset, after allowance for credit loss 75    
Other current assets6764111766449
Other undisclosed current assets 79     
Total current assets:658648629624576584
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 111112  
Operating lease, right-of-use asset67727280  
Property, plant and equipment     237237
Long-term investments and receivables252526306386
Long-term investments252526306386
Intangible assets, net (including goodwill)8608598781,0357651,247
Goodwill709698675774765847
Intangible assets, net (excluding goodwill)151160202262 401
Restricted cash and investments    19  
Deferred income tax assets22434 
Other noncurrent assets91119169431
Other undisclosed noncurrent assets2822602452113335
Total noncurrent assets:1,2451,2391,2541,4081,4971,607
TOTAL ASSETS:1,9031,8871,8832,0322,0732,191
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149186256186145123
Taxes payable9446
Employee-related liabilities58695843
Accounts payable971141211138375
Accrued liabilities527168   
Debt54 527 
Other liabilities137144196139145114
Other undisclosed current liabilities5861(41)25 43
Total current liabilities:349395411354317280
Noncurrent Liabilities
Long-term debt and lease obligation, including:857786795759808898
Long-term debt, excluding current maturities857786795759808898
Finance lease, liability 7566 
Other undisclosed long-term debt and lease obligation (7)(56)(63)(55) 
Liabilities, other than long-term debt188181138225337288
Deferred income tax liabilities727193977997
Liability, pension and other postretirement and postemployment benefits   24103168154
Other liabilities706021258937
Operating lease, liability4650515749 
Other undisclosed noncurrent liabilities   5157 5
Total noncurrent liabilities:1,0459689841,0411,1441,191
Total liabilities:1,3941,3621,3961,3961,4611,471
Equity
Equity, attributable to parent509526487637611718
Common stock363636363636
Treasury stock, value(211)(219)(226)(191)(179)(200)
Additional paid in capital147168160149135138
Accumulated other comprehensive loss(168)(174)(190)(193)(241)(228)
Retained earnings704715707834859973
Equity, attributable to noncontrolling interest0(0)(0)(0)11
Total equity:509525487636611719
TOTAL LIABILITIES AND EQUITY:1,9031,8871,8832,0322,0732,191

Income Statement (P&L) ($ in millions)

9/30/2024
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues1,8821,8811,7621,6711,4981,537
Cost of revenue(1,311)(1,303)(1,240)(1,129)(1,001)(995)
Gross profit:571578522542498542
Operating expenses(491)(490)(484)(500)(562)(455)
Other undisclosed operating loss  (82)  (78)
Operating income (loss):8088(44)42(64)10
Nonoperating expense(1)(3)(33)(4)(7)(7)
Investment income, nonoperating   1321
Other nonoperating expense(1)(3)(34)(7)(9)(9)
Interest and debt expense(46)(45)(28)(29)(35)(41)
Income (loss) from continuing operations before equity method investments, income taxes:3341(104)9(106)(38)
Loss from equity method investments     (3) 
Income (loss) from continuing operations before income taxes:3341(104)9(110)(38)
Income tax expense (benefit)0(2)4(6)19(1)
Income (loss) from continuing operations:3339(100)3(91)(39)
Income (loss) before gain (loss) on sale of properties:(100)3(91)(39)
Other undisclosed net income     3 
Net income (loss):3339(100)3(88)(39)
Net income attributable to noncontrolling interest 00000 
Other undisclosed net income attributable to parent      1
Net income (loss) available to common stockholders, diluted:3339(100)3(87)(38)

Comprehensive Income ($ in millions)

9/30/2024
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income (loss):3339(100)3(88)(39)
Other comprehensive income (loss)116348(12)(64)
Comprehensive income (loss):3555(97)51(100)(103)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00001 
Comprehensive income (loss), net of tax, attributable to parent:3555(97)51(100)(103)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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