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 millions)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments436949413542
Cash and cash equivalents436949413542
Restricted cash and investments 22    
Receivables222221310295319331
Inventory, net of allowances, customer advances and progress billings246225189175180180
Inventory246225189175180180
Contract with customer, asset, after allowance for credit loss      
Other current assets12111176644963
Total current assets:633629624576584616
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1112  
Operating lease, right-of-use asset757280  
Property, plant and equipment    237237253
Long-term investments and receivables262630638645
Long-term investments262630638645
Intangible assets, net (including goodwill)8868781,0357651,2471,393
Goodwill692675774765847949
Intangible assets, net (excluding goodwill)194202262 401444
Restricted cash and investments   19   
Deferred income tax assets3434 
Other noncurrent assets151916943166
Other undisclosed noncurrent assets26524521133352
Total noncurrent assets:1,2701,2541,4081,4971,6071,759
TOTAL ASSETS:1,9031,8832,0322,0732,1912,375
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities151256186145123133
Taxes payable944611
Employee-related liabilities5869584351
Accounts payable101121113837570
Accrued liabilities5068    
Debt3 527  
Other liabilities189196139145114140
Other undisclosed current liabilities23(41)25 4331
Total current liabilities:367411354317280304
Noncurrent Liabilities
Long-term debt and lease obligation, including:834795759808898929
Long-term debt, excluding current maturities834795759808898929
Finance lease, liability 566 
Other undisclosed long-term debt and lease obligation (56)(63)(55)  
Liabilities, other than long-term debt197138225337288273
Deferred tax liabilities, net122
Deferred income tax liabilities9393977997
Liability, pension and other postretirement and postemployment benefits 2624103168154100
Other liabilities242125893752
Operating lease, liability54515749 
Other undisclosed noncurrent liabilities  5157 5 
Total noncurrent liabilities:1,0319841,0411,1441,1911,203
Total liabilities:1,3981,3961,3961,4611,4711,507
Equity
Equity, attributable to parent505487637611718868
Common stock363636363636
Treasury stock, value(221)(226)(191)(179)(200)(173)
Additional paid in capital157160149135138129
Accumulated other comprehensive loss(169)(190)(193)(241)(228)(164)
Retained earnings7027078348599731,040
Equity, attributable to noncontrolling interest(0)(0)(0)110
Total equity:505487636611719869
TOTAL LIABILITIES AND EQUITY:1,9031,8832,0322,0732,1912,375

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues1,7731,7621,6711,4981,5371,603
Revenue, net1,603
Cost of revenue(1,243)(1,240)(1,129)(1,001)(995)(1,021)
Gross profit:530522542498542581
Operating expenses(485)(484)(500)(562)(455)(449)
Other undisclosed operating loss (82)(82)  (78) 
Operating income (loss):(37)(44)42(64)10133
Nonoperating income (expense)(4)(33)(4)(7)(7)3
Investment income, nonoperating 013212
Other nonoperating income (expense)(4)(34)(7)(9)(9)1
Interest and debt expense(31)(28)(29)(35)(41)(37)
Income (loss) from continuing operations before equity method investments, income taxes:(73)(104)9(106)(38)98
Loss from equity method investments    (3)  
Income (loss) from continuing operations before income taxes:(73)(104)9(110)(38)98
Income tax expense (benefit)(4)4(6)19(1)9
Income (loss) from continuing operations:(76)(100)3(91)(39)107
Income (loss) before gain (loss) on sale of properties:(80)(100)3(91)(39)107
Other undisclosed net income    3  
Net income (loss):(76)(100)3(88)(39)107
Net income attributable to noncontrolling interest0000 0
Other undisclosed net income attributable to parent     1 
Net income (loss) available to common stockholders, diluted:(76)(100)3(87)(38)107

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):(76)(100)3(88)(39)107
Other comprehensive income (loss)(10)348(12)(64)(1)
Comprehensive income (loss):(86)(97)51(100)(103)106
Comprehensive income, net of tax, attributable to noncontrolling interest0001 0
Comprehensive income (loss), net of tax, attributable to parent:(86)(97)51(100)(103)106

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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