Matthews International Corporation (MATW) Financial Statements (2024 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 thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,29541,91642,71869,01645,84653,777
Cash and cash equivalents39,29541,91642,71869,01645,84653,777
Restricted cash and investments   2,3982,39820,29722,295
Receivables188,262216,140221,613221,015207,503223,283
Inventory, net of allowances, customer advances and progress billings268,599254,557245,565225,440211,161201,566
Inventory268,599254,557245,565225,440211,161201,566
Contract with customer, asset, after allowance for credit loss      
Other current assets77,75875,196120,950110,747113,822111,371
Other undisclosed current assets 45,63630,430    
Total current assets:619,550618,239633,244628,616598,629612,292
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   10,727  
Operating lease, right-of-use asset74,84675,42974,61371,97474,24778,984
Long-term investments and receivables25,22823,80526,44825,97623,60023,697
Long-term investments25,22823,80526,44825,97623,60023,697
Intangible assets, net (including goodwill)877,870899,154885,771877,575968,020996,366
Goodwill702,916708,767692,015675,421754,649769,111
Intangible assets, net (excluding goodwill)174,954190,387193,756202,154213,371227,255
Deferred income tax assets2,6842,8903,1593,6102,7402,950
Other noncurrent assets10,4419,50915,02318,95528,34325,400
Other undisclosed noncurrent assets273,572268,247264,684245,338209,110213,104
Total noncurrent assets:1,264,6411,279,0341,269,6981,254,1551,306,0601,340,501
TOTAL ASSETS:1,884,1911,897,2731,902,9421,882,7711,904,6891,952,793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities164,684169,359151,493256,457195,241166,315
Taxes payable9,2773,2603,751
Employee-related liabilities58,27242,54047,580
Accounts payable111,723117,911101,279121,359103,641114,984
Accrued liabilities52,96151,44850,21467,54945,800 
Debt2,9412,8252,977  3,872
Other liabilities149,890175,593189,303196,321133,419143,831
Other undisclosed current liabilities62,55646,66422,971(41,403)(18,869)24,541
Total current liabilities:380,071394,441366,744411,375309,791338,559
Noncurrent Liabilities
Long-term debt and lease obligation, including:772,056775,202834,127795,291772,673749,092
Long-term debt, excluding current maturities772,056775,202834,127795,291772,673749,092
Finance lease, liability   4,782  
Other undisclosed long-term debt and lease obligation   (56,227)(52,966)(56,719)
Liabilities, other than long-term debt210,243215,239197,154137,584178,656179,408
Deferred income tax liabilities92,28492,09093,03492,589109,093109,596
Liability, pension and other postretirement and postemployment benefits   25,83624,42050,63051,441
Other liabilities64,88368,58824,23120,57518,93318,371
Operating lease, liability53,07654,56154,05351,44552,96656,719
Other undisclosed noncurrent liabilities    51,44552,96656,719
Total noncurrent liabilities:982,299990,4411,031,281984,3201,004,295985,219
Total liabilities:1,362,3701,384,8821,398,0251,395,6951,314,0861,323,778
Equity
Equity, attributable to parent522,221512,693505,245487,352590,872629,190
Common stock36,33436,33436,33436,33436,33436,334
Treasury stock, value(219,263)(219,615)(221,050)(225,795)(218,055)(196,353)
Additional paid in capital164,640159,948157,393160,255156,942151,891
Accumulated other comprehensive loss(163,856)(167,076)(169,090)(190,191)(178,930)(161,230)
Retained earnings704,366703,102701,658706,749794,581798,548
Equity, attributable to noncontrolling interest(400)(302)(328)(276)(269)(175)
Total equity:521,821512,391504,917487,076590,603629,015
TOTAL LIABILITIES AND EQUITY:1,884,1911,897,2731,902,9421,882,7711,904,6891,952,793

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues471,908479,580449,240457,127421,719444,978
Cost of revenue(333,603)(329,957)(310,310)(311,870)(300,854)(320,459)
Gross profit:138,305149,623138,930145,257120,865124,519
Operating expenses(116,781)(126,572)(121,702)(135,848)(109,902)(117,153)
Other undisclosed operating loss    (82,454)  
Operating income (loss):21,52423,05117,228(73,045)10,9637,366
Nonoperating income (expense)(2,487)1,503(2,054)(1,693)(389)235
Investment income, nonoperating    30159(327)
Other nonoperating income (expense)(2,487)1,503(2,054)(1,994)(448)562
Interest and debt expense(10,924)(12,047)(10,215)(8,299)(6,659)(6,260)
Income (loss) from continuing operations before income taxes:8,11312,5074,959(83,037)3,9151,341
Income tax expense (benefit)558(3,382)(1,312)2,080(1,040)(3,277)
Income (loss) from continuing operations:8,6719,1253,647(80,957)2,875(1,936)
Income (loss) before gain (loss) on sale of properties:(80,957)2,875(1,936)
Net income (loss):8,6719,1253,647(80,957)2,875(1,936)
Net income (loss) attributable to noncontrolling interest67256(2)1831
Net income (loss) available to common stockholders, diluted:8,7389,1273,703(80,959)2,893(1,905)

Comprehensive Income ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income (loss):8,6719,1253,647(80,957)2,875(1,936)
Other comprehensive income (loss)3,1892,00921,105(11,270)(17,685)(2,112)
Comprehensive income (loss):11,86011,13424,752(92,227)(14,810)(4,048)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest987527327
Comprehensive income (loss), net of tax, attributable to parent:11,95811,14124,804(92,220)(14,807)(4,021)

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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