INNOVATE CORP. (VATE)

Import this data to Google Sheets with:

=jivedata("VATE","financials")

Full statements spill as a table. For one cell: =jivedata("VATE","Revenue") or =jivedata("VATE","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

INNOVATE CORP.

VATE • CIK 0001006837

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenues	—	$1,107,100	$1,246,000	$1,516,200
Cost of Revenue	$1,207,000	$898,300	$1,046,300	$1,274,600
Gross Profit	$216,000	$208,800	$199,700	$241,600
Operating Income (Loss)	$26,500	$40,000	$28,700	$64,900
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-34,400	$-33,400	$-61,500	$-14,700
Income Tax Expense (Benefit)	$4,500	$6,300	$2,500	$7,200
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-38,900	$-39,700	$-64,000	$-21,900
Net Income (Loss) Attributable to Noncontrolling Interest	$-3,700	$-5,100	$-3,400	$500
Net Income (Loss) Attributable to Parent	$-35,200	$-34,600	$-60,600	$-22,400
Dividends, Preferred Stock	$2,400	$1,200	$3,400	$3,500
Net Income (Loss) Available to Common Stockholders, Basic	$-37,600	$-35,800	$-64,000	$-24,000
Weighted Average Number of Shares Outstanding, Basic	78,100,000	10,696,274	13,217,593	13,446,996
Selling, General and Administrative Expense	$168,000	$160,200	$153,100	$161,100
Depreciation, Depletion and Amortization, Nonproduction	$20,200	$17,600	$17,500	$16,400
Other Operating Income (Expense), Net	$-1,300	$9,000	$-400	$800
InterestExpenseNonoperating	—	$74,500	$89,000	$99,500
Income (Loss) from Equity Method Investments	$-9,400	$-2,300	$-5,900	$0
Other Nonoperating Income (Expense)	$16,700	$3,400	$4,700	$1,500

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Investments	$1,800	$3,600	$1,800	$2,200
Deferred Income Tax Assets, Net	$2,000	$1,600	$2,000	$2,000
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	$154,600	$133,600	$141,800	$136,300
Goodwill	$127,100	$126,700	$127,000	$105,700
Intangible Assets, Net (Excluding Goodwill)	$178,900	$172,400	$165,200	$44,000
Other Assets, Noncurrent	$61,300	$62,300	$60,800	$67,700
Assets	$1,043,600	$891,100	$950,100	$1,006,700
Deferred Income Tax Liabilities, Net	$4,100	$4,400	$4,700	$1,900
Debt and Lease Obligation	$679,300	$500,600	$80,300	$62,100
Other Liabilities, Noncurrent	$82,700	$46,800	$46,300	$57,200
Liabilities	$1,179,900	$1,034,800	$1,165,400	$1,226,700
Cash and Cash Equivalents, at Carrying Value	$80,800	$48,800	$112,100	$87,800
Accounts Receivable, after Allowance for Credit Loss, Current	$278,400	$194,000	$241,100	$284,400
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$118,600	$106,300	$64,100	$52,600
Inventory, Net	$22,400	$20,800	$16,000	$14,800
Other Assets, Current	$14,600	$21,000	$18,200	$34,200
Assets, Current	$517,900	$390,900	$451,500	$479,300
Accounts Payable and Other Accrued Liabilities	$142,900	$84,800	$141,400	$137,200
Accrued Liabilities, Current	$70,800	$109,700	$122,500	$77,900
Long-term Debt, Current Maturities	$30,500	$162,200	$581,400	$553,900
Contract with Customer, Liability, Current	$153,500	$109,100	$171,900	$182,700
Other Liabilities, Current	$16,100	$17,200	$16,900	$13,000
Liabilities, Current	$413,800	$483,000	$1,034,100	$1,083,400
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests	$15,400	$15,600	$10,900	$8,600
Common Stock, Value, Issued	$100	$0	$0	$0
Additional Paid in Capital, Common Stock	$328,200	$350,100	$350,100	$352,900
Treasury Stock, Common, Value	$5,400	$5,400	$5,600	$5,600
Retained Earnings (Accumulated Deficit)	$-487,300	$-521,900	$-582,500	$-588,600
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-1,100	$-3,200	$-2,100	$-1,900
Stockholders' Equity Attributable to Parent	$-165,500	$-180,400	$-240,100	$-243,200
Stockholders' Equity Attributable to Noncontrolling Interest	$13,800	$21,100	$13,900	$14,600
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$-151,700	$-159,300	$-226,200	$-228,600
Preferred Stock, Shares Authorized	—	20,000,000	20,000,000	20,000,000
Common Stock, Shares Authorized	160,000,000	250,000,000	250,000,000	250,000,000
Common Stock, Shares, Issued	80,722,983	13,410,179	13,818,904	13,818,904
Common Stock, Shares, Outstanding	79,234,991	13,261,379	13,655,062	13,641,866
Treasury Stock, Common, Shares	1,487,992	148,800	163,842	177,038

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-38,900	$-39,700	$-64,000	$-21,900
Net Cash Provided by (Used in) Operating Activities	$26,500	$9,100	$146,600	$141,200
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$-200	$-1,700	$600	$600
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$100	$-33,000	$63,400	$58,300
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$82,300	$49,300	$112,700	$112,700
Share-based Payment Arrangement, Noncash Expense	$2,200	$3,400	$2,700	$2,200
Depreciation, Depletion and Amortization	$36,000	$32,900	$30,400	$29,500
Proceeds from Sale of Property, Plant, and Equipment	$1,600	$10,100	$1,400	$300
Amortization of Debt Issuance Costs and Discounts	—	—	$23,700	$27,000
Gain (Loss) on Extinguishment of Debt	—	$-300	$-300	$18,400
Payments to Acquire Investments	—	$2,000	$300	$500
Income (Loss) from Equity Method Investments	$-9,400	$-2,300	$-5,900	$0
Proceeds from Sale of Investment Projects	—	—	$2,900	$2,900
Payments to Acquire Productive Assets	$18,400	—	$500	$500
Payments for (Proceeds from) Other Investing Activities	$-700	$-500	$0	$0
Asset Impairment Charges	$1,800	$100	$0	$0
Net Cash Provided by (Used in) Investing Activities	$39,100	$-13,900	$-22,600	$-33,000
Deferred Income Tax Expense (Benefit)	$-5,300	$500	$-100	$-300
Other Noncash Income (Expense)	$-2,100	$2,000	$-1,800	$-1,400
Proceeds from Lines of Credit	$87,000	$70,000	$85,900	$14,700
Repayments of Lines of Credit	$94,700	$125,000	$116,800	$45,000
Proceeds from Issuance of Other Long-term Debt	—	$24,800	$21,300	$105,500
Repayments of Other Long-term Debt	—	$28,000	$48,700	$121,500
Payments of Debt Issuance Costs	—	—	$500	$3,300
Payments of Dividends	$2,200	$1,200	$2,200	$1,800
Proceeds from (Payments for) Other Financing Activities	$-300	$0	$-200	$-200
Net Cash Provided by (Used in) Financing Activities	$-65,300	$-26,500	$-61,200	$-51,600
Increase (Decrease) in Accounts Receivable	$25,700	$-91,800	$48,700	$44,300
Increase (Decrease) in Contract with Customer, Asset	$-46,500	$-12,300	$-42,200	$-30,400
Increase (Decrease) in Other Current Assets	$600	$100	$2,900	$16,600
Increase (Decrease) in Inventories	$3,500	$-1,900	$-4,800	$-5,900
Increase (Decrease) in Other Noncurrent Assets	$-15,100	$-8,400	$-12,300	$-18,200
Increase (Decrease) in Accounts Payable	$-60,200	$-57,200	$57,100	$59,700
Increase (Decrease) in Accrued Liabilities	$9,900	$12,200	$37,600	$72,000
Increase (Decrease) in Contract with Customer, Liability	$54,900	$-44,400	$62,800	$9,900
Increase (Decrease) in Other Current Liabilities	$-11,200	$2,100	$-300	$1,800
Increase (Decrease) in Other Noncurrent Liabilities	$2,900	$-14,900	$-13,700	$-15,100

Jive Data

Google Sheets add-onSheets Account

Import this data to Google Sheets with:

=jivedata("VATE","financials")

Full statements spill as a table. For one cell: =jivedata("VATE","Revenue") or =jivedata("VATE","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

INNOVATE CORP.

VATE • CIK 0001006837

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Revenues	—	$1,107,100	$1,246,000	$1,516,200
Cost of Revenue	$1,207,000	$898,300	$1,046,300	$1,274,600
Gross Profit	$216,000	$208,800	$199,700	$241,600
Operating Income (Loss)	$26,500	$40,000	$28,700	$64,900
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-34,400	$-33,400	$-61,500	$-14,700
Income Tax Expense (Benefit)	$4,500	$6,300	$2,500	$7,200
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-38,900	$-39,700	$-64,000	$-21,900
Net Income (Loss) Attributable to Noncontrolling Interest	$-3,700	$-5,100	$-3,400	$500
Net Income (Loss) Attributable to Parent	$-35,200	$-34,600	$-60,600	$-22,400
Dividends, Preferred Stock	$2,400	$1,200	$3,400	$3,500
Net Income (Loss) Available to Common Stockholders, Basic	$-37,600	$-35,800	$-64,000	$-24,000
Weighted Average Number of Shares Outstanding, Basic	78,100,000	10,696,274	13,217,593	13,446,996
Selling, General and Administrative Expense	$168,000	$160,200	$153,100	$161,100
Depreciation, Depletion and Amortization, Nonproduction	$20,200	$17,600	$17,500	$16,400
Other Operating Income (Expense), Net	$-1,300	$9,000	$-400	$800
InterestExpenseNonoperating	—	$74,500	$89,000	$99,500
Income (Loss) from Equity Method Investments	$-9,400	$-2,300	$-5,900	$0
Other Nonoperating Income (Expense)	$16,700	$3,400	$4,700	$1,500

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Investments	$1,800	$3,600	$1,800	$2,200
Deferred Income Tax Assets, Net	$2,000	$1,600	$2,000	$2,000
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	$154,600	$133,600	$141,800	$136,300
Goodwill	$127,100	$126,700	$127,000	$105,700
Intangible Assets, Net (Excluding Goodwill)	$178,900	$172,400	$165,200	$44,000
Other Assets, Noncurrent	$61,300	$62,300	$60,800	$67,700
Assets	$1,043,600	$891,100	$950,100	$1,006,700
Deferred Income Tax Liabilities, Net	$4,100	$4,400	$4,700	$1,900
Debt and Lease Obligation	$679,300	$500,600	$80,300	$62,100
Other Liabilities, Noncurrent	$82,700	$46,800	$46,300	$57,200
Liabilities	$1,179,900	$1,034,800	$1,165,400	$1,226,700
Cash and Cash Equivalents, at Carrying Value	$80,800	$48,800	$112,100	$87,800
Accounts Receivable, after Allowance for Credit Loss, Current	$278,400	$194,000	$241,100	$284,400
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$118,600	$106,300	$64,100	$52,600
Inventory, Net	$22,400	$20,800	$16,000	$14,800
Other Assets, Current	$14,600	$21,000	$18,200	$34,200
Assets, Current	$517,900	$390,900	$451,500	$479,300
Accounts Payable and Other Accrued Liabilities	$142,900	$84,800	$141,400	$137,200
Accrued Liabilities, Current	$70,800	$109,700	$122,500	$77,900
Long-term Debt, Current Maturities	$30,500	$162,200	$581,400	$553,900
Contract with Customer, Liability, Current	$153,500	$109,100	$171,900	$182,700
Other Liabilities, Current	$16,100	$17,200	$16,900	$13,000
Liabilities, Current	$413,800	$483,000	$1,034,100	$1,083,400
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests	$15,400	$15,600	$10,900	$8,600
Common Stock, Value, Issued	$100	$0	$0	$0
Additional Paid in Capital, Common Stock	$328,200	$350,100	$350,100	$352,900
Treasury Stock, Common, Value	$5,400	$5,400	$5,600	$5,600
Retained Earnings (Accumulated Deficit)	$-487,300	$-521,900	$-582,500	$-588,600
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-1,100	$-3,200	$-2,100	$-1,900
Stockholders' Equity Attributable to Parent	$-165,500	$-180,400	$-240,100	$-243,200
Stockholders' Equity Attributable to Noncontrolling Interest	$13,800	$21,100	$13,900	$14,600
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$-151,700	$-159,300	$-226,200	$-228,600
Preferred Stock, Shares Authorized	—	20,000,000	20,000,000	20,000,000
Common Stock, Shares Authorized	160,000,000	250,000,000	250,000,000	250,000,000
Common Stock, Shares, Issued	80,722,983	13,410,179	13,818,904	13,818,904
Common Stock, Shares, Outstanding	79,234,991	13,261,379	13,655,062	13,641,866
Treasury Stock, Common, Shares	1,487,992	148,800	163,842	177,038

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-38,900	$-39,700	$-64,000	$-21,900
Net Cash Provided by (Used in) Operating Activities	$26,500	$9,100	$146,600	$141,200
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$-200	$-1,700	$600	$600
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$100	$-33,000	$63,400	$58,300
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$82,300	$49,300	$112,700	$112,700
Share-based Payment Arrangement, Noncash Expense	$2,200	$3,400	$2,700	$2,200
Depreciation, Depletion and Amortization	$36,000	$32,900	$30,400	$29,500
Proceeds from Sale of Property, Plant, and Equipment	$1,600	$10,100	$1,400	$300
Amortization of Debt Issuance Costs and Discounts	—	—	$23,700	$27,000
Gain (Loss) on Extinguishment of Debt	—	$-300	$-300	$18,400
Payments to Acquire Investments	—	$2,000	$300	$500
Income (Loss) from Equity Method Investments	$-9,400	$-2,300	$-5,900	$0
Proceeds from Sale of Investment Projects	—	—	$2,900	$2,900
Payments to Acquire Productive Assets	$18,400	—	$500	$500
Payments for (Proceeds from) Other Investing Activities	$-700	$-500	$0	$0
Asset Impairment Charges	$1,800	$100	$0	$0
Net Cash Provided by (Used in) Investing Activities	$39,100	$-13,900	$-22,600	$-33,000
Deferred Income Tax Expense (Benefit)	$-5,300	$500	$-100	$-300
Other Noncash Income (Expense)	$-2,100	$2,000	$-1,800	$-1,400
Proceeds from Lines of Credit	$87,000	$70,000	$85,900	$14,700
Repayments of Lines of Credit	$94,700	$125,000	$116,800	$45,000
Proceeds from Issuance of Other Long-term Debt	—	$24,800	$21,300	$105,500
Repayments of Other Long-term Debt	—	$28,000	$48,700	$121,500
Payments of Debt Issuance Costs	—	—	$500	$3,300
Payments of Dividends	$2,200	$1,200	$2,200	$1,800
Proceeds from (Payments for) Other Financing Activities	$-300	$0	$-200	$-200
Net Cash Provided by (Used in) Financing Activities	$-65,300	$-26,500	$-61,200	$-51,600
Increase (Decrease) in Accounts Receivable	$25,700	$-91,800	$48,700	$44,300
Increase (Decrease) in Contract with Customer, Asset	$-46,500	$-12,300	$-42,200	$-30,400
Increase (Decrease) in Other Current Assets	$600	$100	$2,900	$16,600
Increase (Decrease) in Inventories	$3,500	$-1,900	$-4,800	$-5,900
Increase (Decrease) in Other Noncurrent Assets	$-15,100	$-8,400	$-12,300	$-18,200
Increase (Decrease) in Accounts Payable	$-60,200	$-57,200	$57,100	$59,700
Increase (Decrease) in Accrued Liabilities	$9,900	$12,200	$37,600	$72,000
Increase (Decrease) in Contract with Customer, Liability	$54,900	$-44,400	$62,800	$9,900
Increase (Decrease) in Other Current Liabilities	$-11,200	$2,100	$-300	$1,800
Increase (Decrease) in Other Noncurrent Liabilities	$2,900	$-14,900	$-13,700	$-15,100

INNOVATE CORP.

C O N S O L I D A T E D S T A T E M E N T S O F O P E R A T I O N S

C O N S O L I D A T E D B A L A N C E S H E E T S

C O N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S

INNOVATE CORP.

C O N S O L I D A T E D S T A T E M E N T S O F O P E R A T I O N S

C O N S O L I D A T E D B A L A N C E S H E E T S

C O N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S