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10-Q Filing

INNOVATE Corp. CIK: 1006837 Q2 2018
Filing Information
Form Type 10-Q
Accession Number 0001006837-18-000095
Period End Date 20180630
Filing Date 20180808
Fiscal Year 2018
Fiscal Period Q2
XBRL Instance hchc-20180630.xml
Balance Sheet 86 line items
Line Item Tag Value Unit Period
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock (in shares) CommonStockSharesAuthorized 80.00M shares Point-in-time
Common stock (in shares) CommonStockSharesAuthorized 80.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 44.57M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 45.12M shares Point-in-time
Fixed maturity securities, available-for-sale at fair value AvailableForSaleSecuritiesDebtSecurities $1.34B USD Point-in-time
Fixed maturity securities, available-for-sale at fair value AvailableForSaleSecuritiesDebtSecurities $1.25B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 44.68M shares Point-in-time
Equity securities EquitySecuritiesFvNi $47.50M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 44.19M shares Point-in-time
Equity securities EquitySecuritiesFvNi $79.56M USD Point-in-time
Mortgage loans MortgageLoansOnRealEstate $52.11M USD Point-in-time
Mortgage loans MortgageLoansOnRealEstate $69.89M USD Point-in-time
Treasury stock (in shares) TreasuryStockShares 444,896.00 shares Point-in-time
Treasury stock (in shares) TreasuryStockShares 379,178.00 shares Point-in-time
Policy loans PolicyLoansReceivable $17.77M USD Point-in-time
Policy loans PolicyLoansReceivable $17.94M USD Point-in-time
Other invested assets OtherInvestments $86.11M USD Point-in-time
Other invested assets OtherInvestments $85.42M USD Point-in-time
Total investments Investments $1.50B USD Point-in-time
Total investments Investments $1.54B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $112.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $97.89M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $143.13M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $115.37M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $346.70M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $322.45M USD Point-in-time
Recoverable from reinsurers ReinsuranceRecoverables $531.27M USD Point-in-time
Recoverable from reinsurers ReinsuranceRecoverables $526.34M USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $1.66M USD Point-in-time
Deferred tax asset DeferredIncomeTaxAssetsNet $991.00K USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $368.91M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $374.66M USD Point-in-time
Goodwill Goodwill $131.74M USD Point-in-time
Goodwill Goodwill $128.85M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $117.11M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $120.28M USD Point-in-time
Other assets OtherAssetsNoncurrent $142.45M USD Point-in-time
Other assets OtherAssetsNoncurrent $102.26M USD Point-in-time
Total assets Assets $3.22B USD Point-in-time
Total assets Assets $3.25B USD Point-in-time
Life, accident and health reserves LiabilityForClaimsAndClaimsAdjustmentExpense $1.73B USD Point-in-time
Life, accident and health reserves LiabilityForClaimsAndClaimsAdjustmentExpense $1.69B USD Point-in-time
Annuity reserves LiabilityForFuturePolicyBenefits $237.37M USD Point-in-time
Annuity reserves LiabilityForFuturePolicyBenefits $243.16M USD Point-in-time
Value of business acquired ValueOfBusinessAcquired $40.50M USD Point-in-time
Value of business acquired ValueOfBusinessAcquired $42.97M USD Point-in-time
Accounts payable and other current liabilities AccountsPayableAndOtherAccruedLiabilities $347.49M USD Point-in-time
Accounts payable and other current liabilities AccountsPayableAndOtherAccruedLiabilities $296.34M USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilitiesNet $8.63M USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilitiesNet $10.74M USD Point-in-time
Debt obligations LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities $593.17M USD Point-in-time
Debt obligations LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities $668.50M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $79.53M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $70.17M USD Point-in-time
Total liabilities Liabilities $3.00B USD Point-in-time
Total liabilities Liabilities $3.06B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock PreferredStockValue $26.32M USD Point-in-time
Preferred stock PreferredStockValue $26.30M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $8.40M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $1.61M USD Point-in-time
Total temporary equity TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $34.72M USD Point-in-time
Total temporary equity TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $27.91M USD Point-in-time
Common stock, $.001 par value;80,000,000 shares authorized; 45,121,231 and 44,570,004 shares issued and 44,676,335 and 44,190,826 shares outstanding at June 30, 2018 and December 31, 2017, respectively CommonStockValue $45.00K USD Point-in-time
Common stock, $.001 par value;80,000,000 shares authorized; 45,121,231 and 44,570,004 shares issued and 44,676,335 and 44,190,826 shares outstanding at June 30, 2018 and December 31, 2017, respectively CommonStockValue $44.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $254.69M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $260.00M USD Point-in-time
Treasury stock, at cost: 444,896 and 379,178 shares at June 30, 2018 and December 31, 2017, respectively TreasuryStockValue $2.06M USD Point-in-time
Treasury stock, at cost: 444,896 and 379,178 shares at June 30, 2018 and December 31, 2017, respectively TreasuryStockValue $2.43M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-221.19M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-197.15M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $41.69M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.18M USD Point-in-time
Total HC2 Holdings, Inc. stockholders equity StockholdersEquity $73.17M USD Point-in-time
Total HC2 Holdings, Inc. stockholders equity StockholdersEquity $51.29M USD Point-in-time
Noncontrolling interest MinorityInterest $109.28M USD Point-in-time
Noncontrolling interest MinorityInterest $114.95M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $67.44M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $188.12M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $160.57M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $71.15M USD Point-in-time
Total liabilities, temporary equity and stockholders equity LiabilitiesAndStockholdersEquity $3.25B USD Point-in-time
Total liabilities, temporary equity and stockholders equity LiabilitiesAndStockholdersEquity $3.22B USD Point-in-time
Income Statement 108 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $870.51M USD 2 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $340.38M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $694.92M USD 2 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $455.04M USD 1 Quarter
Life, accident and health earned premiums, net PremiumsEarnedNet $40.18M USD 2 Qtrs
Life, accident and health earned premiums, net PremiumsEarnedNet $20.23M USD 1 Quarter
Life, accident and health earned premiums, net PremiumsEarnedNet $19.91M USD 1 Quarter
Life, accident and health earned premiums, net PremiumsEarnedNet $39.95M USD 2 Qtrs
Net investment income NetInvestmentIncome $32.24M USD 2 Qtrs
Net investment income NetInvestmentIncome $37.07M USD 2 Qtrs
Net investment income NetInvestmentIncome $19.34M USD 1 Quarter
Net investment income NetInvestmentIncome $16.94M USD 1 Quarter
Net realized and unrealized gains on investments RealizedInvestmentGainsLosses $2.49M USD 1 Quarter
Net realized and unrealized gains on investments RealizedInvestmentGainsLosses $1.88M USD 2 Qtrs
Net realized and unrealized gains on investments RealizedInvestmentGainsLosses $2.94M USD 2 Qtrs
Net realized and unrealized gains on investments RealizedInvestmentGainsLosses $1.09M USD 1 Quarter
Net revenue Revenues $378.65M USD 1 Quarter
Net revenue Revenues $496.78M USD 1 Quarter
Net revenue Revenues $950.47M USD 2 Qtrs
Net revenue Revenues $769.22M USD 2 Qtrs
Cost of revenue CostOfRevenue $776.28M USD 2 Qtrs
Cost of revenue CostOfRevenue $400.61M USD 1 Quarter
Cost of revenue CostOfRevenue $308.66M USD 1 Quarter
Cost of revenue CostOfRevenue $623.08M USD 2 Qtrs
Policy benefits, changes in reserves, and commissions BusinessCombinationAcquisitionRelatedCostsAndPolicyholderBenefits $61.93M USD 2 Qtrs
Policy benefits, changes in reserves, and commissions BusinessCombinationAcquisitionRelatedCostsAndPolicyholderBenefits $30.44M USD 1 Quarter
Policy benefits, changes in reserves, and commissions BusinessCombinationAcquisitionRelatedCostsAndPolicyholderBenefits $35.39M USD 1 Quarter
Policy benefits, changes in reserves, and commissions BusinessCombinationAcquisitionRelatedCostsAndPolicyholderBenefits $67.67M USD 2 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $57.05M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $41.71M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $81.56M USD 2 Qtrs
Selling, general and administrative SellingGeneralAndAdministrativeExpense $109.14M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $9.06M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $18.71M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $7.29M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $14.69M USD 2 Qtrs
Other operating (income) expense, net OtherOperatingIncomeExpenseNet $-1.74M USD 1 Quarter
Other operating (income) expense, net OtherOperatingIncomeExpenseNet $-185.00K USD 1 Quarter
Other operating (income) expense, net OtherOperatingIncomeExpenseNet $1.82M USD 2 Qtrs
Other operating (income) expense, net OtherOperatingIncomeExpenseNet $2.07M USD 2 Qtrs
Total operating expenses OperatingExpenses $779.44M USD 2 Qtrs
Total operating expenses OperatingExpenses $969.75M USD 2 Qtrs
Total operating expenses OperatingExpenses $389.85M USD 1 Quarter
Total operating expenses OperatingExpenses $502.30M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-5.52M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-11.20M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-10.22M USD 2 Qtrs
Loss from operations OperatingIncomeLoss $-19.28M USD 2 Qtrs
Interest expense InterestExpense $36.51M USD 2 Qtrs
Interest expense InterestExpense $26.19M USD 2 Qtrs
Interest expense InterestExpense $17.18M USD 1 Quarter
Interest expense InterestExpense $12.07M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary - USD 2 Qtrs
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary $102.14M USD 2 Qtrs
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary $102.14M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary - USD 1 Quarter
Income from equity investees IncomeLossFromEquityMethodInvestments $11.70M USD 2 Qtrs
Income from equity investees IncomeLossFromEquityMethodInvestments $4.00M USD 1 Quarter
Income from equity investees IncomeLossFromEquityMethodInvestments $5.52M USD 2 Qtrs
Income from equity investees IncomeLossFromEquityMethodInvestments $10.75M USD 1 Quarter
Other income (expenses), net OtherNonoperatingIncomeExpense $-8.33M USD 2 Qtrs
Other income (expenses), net OtherNonoperatingIncomeExpense $-968.00K USD 1 Quarter
Other income (expenses), net OtherNonoperatingIncomeExpense $-3.19M USD 1 Quarter
Other income (expenses), net OtherNonoperatingIncomeExpense $124.00K USD 2 Qtrs
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $89.23M USD 1 Quarter
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-22.46M USD 1 Quarter
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $52.00M USD 2 Qtrs
Income (loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-33.05M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $11.09M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $-1.99M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $3.31M USD 2 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $9.46M USD 1 Quarter
Net income (loss) ProfitLoss $79.76M USD 1 Quarter
Net income (loss) ProfitLoss $40.91M USD 2 Qtrs
Net income (loss) ProfitLoss $-20.47M USD 1 Quarter
Net income (loss) ProfitLoss $-36.35M USD 2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $24.40M USD 1 Quarter
Less: Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-3.95M USD 2 Qtrs
Less: Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-2.56M USD 1 Quarter
Less: Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $20.54M USD 2 Qtrs
Net income (loss) attributable to HC2 Holdings, Inc. NetIncomeLoss $-32.41M USD 2 Qtrs
Net income (loss) attributable to HC2 Holdings, Inc. NetIncomeLoss $55.37M USD 1 Quarter
Net income (loss) attributable to HC2 Holdings, Inc. NetIncomeLoss $-17.91M USD 1 Quarter
Net income (loss) attributable to HC2 Holdings, Inc. NetIncomeLoss $20.37M USD 2 Qtrs
Less: Preferred stock and deemed dividends from conversions PreferredStockDividendsAndOtherAdjustments $1.41M USD 2 Qtrs
Less: Preferred stock and deemed dividends from conversions PreferredStockDividendsAndOtherAdjustments $793.00K USD 1 Quarter
Less: Preferred stock and deemed dividends from conversions PreferredStockDividendsAndOtherAdjustments $703.00K USD 1 Quarter
Less: Preferred stock and deemed dividends from conversions PreferredStockDividendsAndOtherAdjustments $1.38M USD 2 Qtrs
Net income (loss) attributable to common stock and participating preferred stockholders NetIncomeLossAvailableToCommonStockholdersBasic $54.66M USD 1 Quarter
Net income (loss) attributable to common stock and participating preferred stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-18.70M USD 1 Quarter
Net income (loss) attributable to common stock and participating preferred stockholders NetIncomeLossAvailableToCommonStockholdersBasic $18.96M USD 2 Qtrs
Net income (loss) attributable to common stock and participating preferred stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-33.78M USD 2 Qtrs
Basic (in usd per share) IncomeLossFromContinuingOperationsPerBasicShare $1.11 USD 1 Quarter
Basic (in usd per share) IncomeLossFromContinuingOperationsPerBasicShare $0.39 USD 2 Qtrs
Basic (in usd per share) IncomeLossFromContinuingOperationsPerBasicShare $-0.44 USD 1 Quarter
Basic (in usd per share) IncomeLossFromContinuingOperationsPerBasicShare $-0.80 USD 2 Qtrs
Diluted (in usd per share) IncomeLossFromContinuingOperationsPerDilutedShare $1.08 USD 1 Quarter
Diluted (in usd per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.38 USD 2 Qtrs
Diluted (in usd per share) IncomeLossFromContinuingOperationsPerDilutedShare $-0.80 USD 2 Qtrs
Diluted (in usd per share) IncomeLossFromContinuingOperationsPerDilutedShare $-0.44 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.11M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.69M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.18M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.32M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 45.28M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 45.50M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.69M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.32M shares 2 Qtrs
Cash Flow Statement 122 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $79.76M USD 1 Quarter
Net loss ProfitLoss $40.91M USD 2 Qtrs
Net loss ProfitLoss $-20.47M USD 1 Quarter
Net loss ProfitLoss $-36.35M USD 2 Qtrs
Provision for doubtful accounts receivable ProvisionForDoubtfulAccounts $-506.00K USD 2 Qtrs
Provision for doubtful accounts receivable ProvisionForDoubtfulAccounts $818.00K USD 2 Qtrs
Share-based compensation expense ShareBasedCompensation $4.79M USD 2 Qtrs
Share-based compensation expense ShareBasedCompensation $2.62M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $17.23M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $21.99M USD 2 Qtrs
Amortization of deferred financing costs and debt discount AmortizationOfDeferredFinancingCosts $4.66M USD 2 Qtrs
Amortization of deferred financing costs and debt discount AmortizationOfDeferredFinancingCosts $3.46M USD 2 Qtrs
Amortization of (discount) premium on investments AmortizationOfDebtDiscountPremium $4.25M USD 2 Qtrs
Amortization of (discount) premium on investments AmortizationOfDebtDiscountPremium $2.42M USD 2 Qtrs
Gain on sale of subsidiary GainLossOnDispositionOfAssets $2.45M USD 2 Qtrs
Gain on sale of subsidiary GainLossOnDispositionOfAssets $3.88M USD 2 Qtrs
(Gain) loss on sale or disposal of a subsidiary GainOrLossOnSaleOfStockInSubsidiary - USD 2 Qtrs
(Gain) loss on sale or disposal of a subsidiary GainOrLossOnSaleOfStockInSubsidiary $102.14M USD 2 Qtrs
(Gain) loss on sale or disposal of a subsidiary GainOrLossOnSaleOfStockInSubsidiary $102.14M USD 1 Quarter
(Gain) loss on sale or disposal of a subsidiary GainOrLossOnSaleOfStockInSubsidiary - USD 1 Quarter
Lease termination costs GainLossOnContractTermination $-249.00K USD 2 Qtrs
Lease termination costs GainLossOnContractTermination - USD 2 Qtrs
Asset impairment expense AssetImpairmentCharges $1.81M USD 2 Qtrs
Asset impairment expense AssetImpairmentCharges $381.00K USD 2 Qtrs
Income from equity investees IncomeLossFromEquityMethodInvestments $11.70M USD 2 Qtrs
Income from equity investees IncomeLossFromEquityMethodInvestments $4.00M USD 1 Quarter
Income from equity investees IncomeLossFromEquityMethodInvestments $5.52M USD 2 Qtrs
Income from equity investees IncomeLossFromEquityMethodInvestments $10.75M USD 1 Quarter
Impairment of investments OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet $6.09M USD 2 Qtrs
Impairment of investments OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet - USD 2 Qtrs
Net realized and unrealized gains on investments MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $1.90M USD 2 Qtrs
Net realized and unrealized gains on investments MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments $2.99M USD 2 Qtrs
Loss on contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 - USD 2 Qtrs
Loss on contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $319.00K USD 2 Qtrs
Receipt of dividends from equity investees EquityMethodInvestmentDividendsOrDistributions $3.08M USD 2 Qtrs
Receipt of dividends from equity investees EquityMethodInvestmentDividendsOrDistributions $917.00K USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $423.00K USD 2 Qtrs
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-8.78M USD 2 Qtrs
Annuity benefits AnnuityBenefits $4.19M USD 2 Qtrs
Annuity benefits AnnuityBenefits $4.35M USD 2 Qtrs
Loss on early extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 2 Qtrs
Loss on early extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-2.54M USD 2 Qtrs
Other operating activities OtherNoncashIncomeExpense $1.24M USD 2 Qtrs
Other operating activities OtherNoncashIncomeExpense $-2.72M USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $-19.85M USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $23.08M USD 2 Qtrs
Recoverable from reinsurers IncreaseDecreaseinRecoverableFromReinsurers $3.60M USD 2 Qtrs
Recoverable from reinsurers IncreaseDecreaseinRecoverableFromReinsurers $4.93M USD 2 Qtrs
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $12.73M USD 2 Qtrs
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $21.43M USD 2 Qtrs
Life, accident and health reserves IncreaseDecreaseInInsuranceLiabilities $34.70M USD 2 Qtrs
Life, accident and health reserves IncreaseDecreaseInInsuranceLiabilities $34.13M USD 2 Qtrs
Accounts payable and other current liabilities IncreaseDecreaseInAccountsPayable $-8.06M USD 2 Qtrs
Accounts payable and other current liabilities IncreaseDecreaseInAccountsPayable $-9.71M USD 2 Qtrs
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $5.84M USD 2 Qtrs
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $12.01M USD 2 Qtrs
Cash (used in) provided by operating activities: NetCashProvidedByUsedInOperatingActivities $-41.15M USD 2 Qtrs
Cash (used in) provided by operating activities: NetCashProvidedByUsedInOperatingActivities $16.92M USD 2 Qtrs
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $20.23M USD 2 Qtrs
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $17.02M USD 2 Qtrs
Disposal of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $3.50M USD 2 Qtrs
Disposal of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $382.00K USD 2 Qtrs
Purchase of investments PaymentsToAcquireInvestments $207.55M USD 2 Qtrs
Purchase of investments PaymentsToAcquireInvestments $157.60M USD 2 Qtrs
Sale of investments PaymentsForProceedsFromInvestments $-70.75M USD 2 Qtrs
Sale of investments PaymentsForProceedsFromInvestments $-155.54M USD 2 Qtrs
Maturities and redemptions of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $74.96M USD 2 Qtrs
Maturities and redemptions of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $40.00M USD 2 Qtrs
Purchase of equity method investments PaymentsToAcquireEquityMethodInvestments $10.39M USD 2 Qtrs
Purchase of equity method investments PaymentsToAcquireEquityMethodInvestments $127.00K USD 2 Qtrs
Cash received for business disposition, net of cash disposed ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 2 Qtrs
Cash received for business disposition, net of cash disposed ProceedsFromDivestitureOfBusinessesNetOfCashDivested $93.27M USD 2 Qtrs
Cash paid for business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $45.97M USD 2 Qtrs
Cash paid for business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 2 Qtrs
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $-373.00K USD 2 Qtrs
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $2.02M USD 2 Qtrs
Cash provided by (used in) investing activities: NetCashProvidedByUsedInInvestingActivities $16.42M USD 2 Qtrs
Cash provided by (used in) investing activities: NetCashProvidedByUsedInInvestingActivities $-38.55M USD 2 Qtrs
Proceeds from debt obligations ProceedsFromIssuanceOfLongTermDebt $180.33M USD 2 Qtrs
Proceeds from debt obligations ProceedsFromIssuanceOfLongTermDebt $104.41M USD 2 Qtrs
Principal payments on debt obligations RepaymentsOfLongTermDebt $44.13M USD 2 Qtrs
Principal payments on debt obligations RepaymentsOfLongTermDebt $110.74M USD 2 Qtrs
Annuity receipts ProceedsFromAnnuitiesAndInvestmentCertificates $1.56M USD 2 Qtrs
Annuity receipts ProceedsFromAnnuitiesAndInvestmentCertificates $1.31M USD 2 Qtrs
Annuity surrenders RepaymentsOfAnnuitiesAndInvestmentCertificates $10.60M USD 2 Qtrs
Annuity surrenders RepaymentsOfAnnuitiesAndInvestmentCertificates $11.21M USD 2 Qtrs
Transactions with noncontrolling interest ProceedsFromPaymentsToMinorityShareholders $-14.89M USD 2 Qtrs
Transactions with noncontrolling interest ProceedsFromPaymentsToMinorityShareholders $332.00K USD 2 Qtrs
Payment of dividends PaymentsOfDividendsPreferredStockAndPreferenceStock $2.26M USD 2 Qtrs
Payment of dividends PaymentsOfDividendsPreferredStockAndPreferenceStock $1.00M USD 2 Qtrs
Taxes paid in lieu of shares issued for share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $377.00K USD 2 Qtrs
Taxes paid in lieu of shares issued for share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $583.00K USD 2 Qtrs
Proceeds from the exercise of warrants and stock options ProceedsFromIssuanceOfWarrantsAndStockOptionExercised $488.00K USD 2 Qtrs
Proceeds from the exercise of warrants and stock options ProceedsFromIssuanceOfWarrantsAndStockOptionExercised $450.00K USD 2 Qtrs
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-116.00K USD 2 Qtrs
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities $-805.00K USD 2 Qtrs
Cash provided by financing activities: NetCashProvidedByUsedInFinancingActivities $43.11M USD 2 Qtrs
Cash provided by financing activities: NetCashProvidedByUsedInFinancingActivities $49.07M USD 2 Qtrs
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $319.00K USD 2 Qtrs
Effects of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-371.00K USD 2 Qtrs
Net change in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $27.76M USD 2 Qtrs
Net change in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $18.00M USD 2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $115.87M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $116.86M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $143.62M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $98.85M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $115.87M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $116.86M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $143.62M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $98.85M USD Point-in-time
Cash paid for interest InterestPaidNet $23.22M USD 2 Qtrs
Cash paid for interest InterestPaidNet $33.94M USD 2 Qtrs
Cash paid for taxes IncomeTaxesPaidNet $11.51M USD 2 Qtrs
Cash paid for taxes IncomeTaxesPaidNet $8.65M USD 2 Qtrs
Property, plant and equipment included in accounts payable NoncashOrPartNoncashAcquisitionPayablesAssumed1 $1.20M USD 2 Qtrs
Property, plant and equipment included in accounts payable NoncashOrPartNoncashAcquisitionPayablesAssumed1 $1.63M USD 2 Qtrs
Investments included in accounts payable IncreaseDecreaseinAccountsPayableInvestments $750.00K USD 2 Qtrs
Investments included in accounts payable IncreaseDecreaseinAccountsPayableInvestments $21.43M USD 2 Qtrs
Conversion of preferred stock to common stock ConversionOfStockAmountConverted1 - USD 2 Qtrs
Conversion of preferred stock to common stock ConversionOfStockAmountConverted1 $4.43M USD 2 Qtrs
Dividends payable to shareholders PaymentsOfDividends $500.00K USD 2 Qtrs
Dividends payable to shareholders PaymentsOfDividends $500.00K USD 2 Qtrs
Stockholders Equity 38 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $67.44M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $188.12M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $160.57M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $71.15M USD Point-in-time
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.81M USD 2 Qtrs
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $6.61M USD 2 Qtrs
Dividend paid to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $378.00K USD 2 Qtrs
Fair value adjustment of redeemable noncontrolling interest IncreaseInCarryingAmountOfRedeemablePreferredStock $533.00K USD 2 Qtrs
Fair value adjustment of redeemable noncontrolling interest IncreaseInCarryingAmountOfRedeemablePreferredStock $3.31M USD 2 Qtrs
Exercise of stock options (in shares) StockIssuedDuringPeriodSharesStockOptionsExercised 102,242.00 shares 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $372.00K USD 2 Qtrs
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $462.00K USD 2 Qtrs
Taxes paid in lieu of shares issued for share-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $377.00K USD 2 Qtrs
Taxes paid in lieu of shares issued for share-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $582.00K USD 2 Qtrs
Preferred stock dividend DividendsPreferredStockStock $1.00M USD 2 Qtrs
Preferred stock dividend DividendsPreferredStockStock $1.06M USD 2 Qtrs
Amortization of issuance costs and beneficial conversion feature AdjustmentsToAdditionalPaidInCapitalOther $-30.00K USD 2 Qtrs
Amortization of issuance costs and beneficial conversion feature AdjustmentsToAdditionalPaidInCapitalOther $-35.00K USD 2 Qtrs
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $16.00K USD 2 Qtrs
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $1.00K USD 2 Qtrs
Conversion of preferred stock to common stock StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $3.03M USD 2 Qtrs
Transactions with noncontrolling interests MinorityInterestDecreaseFromRedemptions $21.23M USD 2 Qtrs
Transactions with noncontrolling interests NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest - USD 2 Qtrs
Net income (loss) NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity $-35.34M USD 2 Qtrs
Net income (loss) NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity $41.65M USD 2 Qtrs
Net loss ProfitLoss $79.76M USD 1 Quarter
Net loss ProfitLoss $40.91M USD 2 Qtrs
Net loss ProfitLoss $-20.47M USD 1 Quarter
Net loss ProfitLoss $-36.35M USD 2 Qtrs
Other comprehensive income OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest $-52.54M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $34.33M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $21.22M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-53.29M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-29.14M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $67.44M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $188.12M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $160.57M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $71.15M USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $79.76M USD 1 Quarter
Net income (loss) ProfitLoss $40.91M USD 2 Qtrs
Net income (loss) ProfitLoss $-20.47M USD 1 Quarter
Net income (loss) ProfitLoss $-36.35M USD 2 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.70M USD 2 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.35M USD 2 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-6.21M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.22M USD 1 Quarter
Unrealized gain (loss) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-22.93M USD 1 Quarter
Unrealized gain (loss) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $19.00M USD 1 Quarter
Unrealized gain (loss) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-51.59M USD 2 Qtrs
Unrealized gain (loss) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $30.98M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $34.33M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $21.22M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-53.29M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-29.14M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $50.63M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-2.03M USD 2 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $751.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-12.38M USD 2 Qtrs
Comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $20.23M USD 2 Qtrs
Comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $24.09M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-2.56M USD 1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-3.95M USD 2 Qtrs
Comprehensive income (loss) attributable to HC2 Holdings, Inc. ComprehensiveIncomeNetOfTax $-32.62M USD 2 Qtrs
Comprehensive income (loss) attributable to HC2 Holdings, Inc. ComprehensiveIncomeNetOfTax $1.92M USD 2 Qtrs
Comprehensive income (loss) attributable to HC2 Holdings, Inc. ComprehensiveIncomeNetOfTax $26.54M USD 1 Quarter
Comprehensive income (loss) attributable to HC2 Holdings, Inc. ComprehensiveIncomeNetOfTax $3.31M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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