Matthews International Corporation (MATW) financial statements (2021 and earlier)

Company profile

Business Address TWO NORTHSHORE CENTER
PITTSBURGH, PA 15212-5851
State of Incorp. PA
Fiscal Year End December 31
SIC 336 - Nonferrous Foundries (castings) (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41414372393534
Cash and cash equivalents41414372393534
Receivables305295271295313319319
Inventory, net of allowances, customer advances and progress billings178175182187186180189
Inventory178175182187186180189
Other current assets66647372564973
Total current assets:591576570626594584614
Noncurrent Assets
Finance lease, right-of-use asset  831  
Operating lease, right-of-use asset70 748077  
Property, plant and equipment 237   237247
Long-term investments and receivables64636293918689
Long-term investments64636293918689
Intangible assets, net (including goodwill)1,0997651,1031,1151,2421,2471,356
Goodwill778765756751857847935
Intangible assets, net (excluding goodwill)321 347364385401421
Deferred income tax assets44555  
Other noncurrent assets23941061171123136
Other undisclosed noncurrent assets23633315715316153
Total noncurrent assets:1,4961,4971,5151,5661,6901,6071,731
TOTAL ASSETS:2,0872,0732,0852,1922,2852,1912,345
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12614512213197123122
Accounts payable74837690637568
Employee-related liabilities48584339334341
Taxes payable44321612
Debt2727232626 58
Other liabilities155145160166160114134
Other undisclosed current liabilities24    43 
Total current liabilities:332317305322283280314
Noncurrent Liabilities
Long-term debt and lease obligation, including:798808838940941898922
Long-term debt, excluding current maturities798808838940941898922
Finance lease, liability 6     
Operating lease, liability4749     
Other undisclosed long-term debt and lease obligation(47)(55)     
Liabilities, other than long-term debt289337340338344288146
Deferred income tax liabilities8079939310697 
Liability, pension and other postretirement and postemployment benefits171168159157156154103
Other liabilities37898888833742
Other undisclosed noncurrent liabilities47    5116
Total noncurrent liabilities:1,1331,1441,1781,2781,2861,1911,183
Total liabilities:1,4661,4611,4831,6011,5691,4711,497
Stockholders' equity
Stockholders' equity attributable to parent621611601590714718847
Common stock36363636363636
Treasury stock, value(185)(179)(204)(203)(203)(200)(196)
Additional paid in capital140135146143141138136
Accumulated other comprehensive loss(221)(241)(236)(248)(215)(228)(180)
Retained earnings8508598588639569731,050
Stockholders' equity attributable to noncontrolling interest0111112
Total stockholders' equity:622611602591716719848
TOTAL LIABILITIES AND EQUITY:2,0872,0732,0852,1922,2852,1912,345

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

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Revenues387399359375365392379
Cost of revenue(261)(263)(238)(250)(249)(250)(242)
Gross profit:125136121125116143137
Operating expenses(115)(116)(116)(210)(121)(125)(107)
Other undisclosed operating loss     (78) 
Operating income (loss):10215(85)(5)(60)30
Nonoperating expense(1)(1)(2)(3)(2)(5)(1)
Investment income, nonoperating111(1)101
Other nonoperating expense(2)(2)(3)(2)(3)(6)(1)
Interest and debt expense(8)(8)(8)(10)(9)(10)(11)
Income (loss) from continuing operations before equity method investments, income taxes:211(4)(98)(16)(75)18
Income from equity method investments 0     
Income (loss) from continuing operations before income taxes:211(4)(98)(16)(75)18
Income tax expense (benefit)(4)(4)61154(4)
Income (loss) before gain (loss) on sale of properties:(2)72(87)(10)(71)14
Other undisclosed net loss (0)     
Net income (loss):(2)72(87)(10)(71)14
Net income (loss) attributable to noncontrolling interest0000(0) 0
Other undisclosed net income attributable to parent     0 
Net income (loss) available to common stockholders, diluted:(2)72(86)(10)(71)15

Comprehensive Income ($ in millions)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Net income (loss):(2)72(87)(10)(71)14
Other comprehensive income (loss)20(5)13(33)13(49)0
Comprehensive income (loss):18215(120)3(120)15
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0000(0) 0
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1) 
Comprehensive income (loss), net of tax, attributable to parent:18215(120)3(121)15

Statements sources

The financial statements are based on the company's filings with the 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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