10-K Filing

INNOVATE Corp. CIK: 1006837 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001006837-23-000018`
Period End Date	20221231
Filing Date	20230314
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	vate-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 56 Cash Flow Statement 106 Stockholders Equity 36 Comprehensive Income 16

Balance Sheet 89 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, authorized (in shares)	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	79.23M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.80M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	80.22M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.79M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$254.90M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	77.84M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$247.10M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$165.10M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$118.60M	USD	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.43M	shares	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.39M	shares	Point-in-time
Inventory	`InventoryNet`	$18.90M	USD	Point-in-time
Inventory	`InventoryNet`	$17.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.00M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$300.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$1.50M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$536.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$442.60M	USD	Point-in-time
Investments	`Investments`	$59.50M	USD	Point-in-time
Investments	`Investments`	$56.00M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.70M	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$3.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$165.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$169.90M	USD	Point-in-time
Goodwill	`Goodwill`	$127.40M	USD	Point-in-time
Goodwill	`Goodwill`	$127.10M	USD	Point-in-time
Goodwill	`Goodwill`	$111.00M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$208.40M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$190.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$73.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$71.90M	USD	Point-in-time
Total assets	`Assets`	$1.15B	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Accounts payable	`AccountsPayableAndOtherAccruedLiabilities`	$202.50M	USD	Point-in-time
Accounts payable	`AccountsPayableAndOtherAccruedLiabilities`	$179.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$65.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$93.40M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$30.60M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$69.50M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$79.10M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$98.60M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$439.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$417.20M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$9.10M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$9.10M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$683.80M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$556.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$63.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$71.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.07B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.18B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$18.80M	USD	Point-in-time
Preferred stock	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$17.60M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$43.40M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$49.30M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$68.10M	USD	Point-in-time
Common stock, $0.001 par value Shares authorized: 160,000,000 as of both December 31, 2022 and December 31, 2021 Shares issued: 80,216,028 and 79,225,964 as of December 31, 2022 and 2021, Shares outstanding: 78,787,768 and 77,836,748 as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value Shares authorized: 160,000,000 as of both December 31, 2022 and December 31, 2021 Shares issued: 80,216,028 and 79,225,964 as of December 31, 2022 and 2021, Shares outstanding: 78,787,768 and 77,836,748 as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$330.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$330.10M	USD	Point-in-time
Treasury stock, at cost: 1,428,260 and 1,389,216 shares as of December 31, 2022 and 2021, respectively	`TreasuryStockCommonValue`	$5.20M	USD	Point-in-time
Treasury stock, at cost: 1,428,260 and 1,389,216 shares as of December 31, 2022 and 2021, respectively	`TreasuryStockCommonValue`	$5.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-452.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-416.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.90M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.40M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-121.30M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-84.30M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.70M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$28.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$600.20M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Total liabilities, temporary equity and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
Total liabilities, temporary equity and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.15B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.21B	USD	Annual
Cost of revenue	`CostOfRevenue`	$1.42B	USD	Annual
Cost of revenue	`CostOfRevenue`	$1.02B	USD	Annual
Gross profit	`GrossProfit`	$221.40M	USD	Annual
Gross profit	`GrossProfit`	$183.70M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$180.10M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$168.30M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$27.20M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$25.40M	USD	Annual
Other operating loss	`OtherOperatingIncomeExpenseNet`	$-700.00K	USD	Annual
Other operating loss	`OtherOperatingIncomeExpenseNet`	$-600.00K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$13.40M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-10.60M	USD	Annual
Interest expense	`InterestExpense`	$52.00M	USD	Annual
Interest expense	`InterestExpense`	$59.10M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-12.50M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.30M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-2.80M	USD	Annual
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	Annual
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$4.30M	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-80.70M	USD	Annual
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.10M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$900.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$5.60M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-42.00M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-86.30M	USD	Annual
Loss from discontinued operations (including net loss on disposal of $159.9 million for the year ended December 31, 2021)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-149.90M	USD	Annual
Loss from discontinued operations (including net loss on disposal of $159.9 million for the year ended December 31, 2021)	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Net loss	`ProfitLoss`	$-42.00M	USD	Annual
Net loss	`ProfitLoss`	$-236.20M	USD	Annual
Net loss attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.10M	USD	Annual
Net loss attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-8.70M	USD	Annual
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-227.50M	USD	Annual
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-35.90M	USD	Annual
Less: Preferred dividends and deemed dividends from conversions	`PreferredStockDividendsAndOtherAdjustments`	$4.90M	USD	Annual
Less: Preferred dividends and deemed dividends from conversions	`PreferredStockDividendsAndOtherAdjustments`	$2.20M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.80M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-229.70M	USD	Annual
Basic (in usd per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.05	USD	Annual
Basic (in usd per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.53	USD	Annual
Diluted (in usd per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.53	USD	Annual
Diluted (in usd per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.05	USD	Annual
Basic (in usd per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	Annual
Basic (in usd per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-1.93	USD	Annual
Diluted (in usd per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	Annual
Diluted (in usd per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-1.93	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$-2.98	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.53	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.53	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-2.98	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.50M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.10M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.50M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.10M	shares	Annual

Cash Flow Statement 106 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-42.00M	USD	Annual
Net loss	`ProfitLoss`	$-236.20M	USD	Annual
Less: Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-149.90M	USD	Annual
Less: Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-42.00M	USD	Annual
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-86.30M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.40M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.40M	USD	Annual
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$37.60M	USD	Annual
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$42.20M	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$3.40M	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$10.50M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-12.50M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.30M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-2.80M	USD	Annual
Asset impairment expense	`AssetImpairmentCharges`	$2.80M	USD	Annual
Asset impairment expense	`AssetImpairmentCharges`	$2.10M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.00M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.10M	USD	Annual
Other operating activities, net	`OtherNoncashIncomeExpense`	-	USD	Annual
Other operating activities, net	`OtherNoncashIncomeExpense`	$4.20M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.50M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.30M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$19.10M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$46.50M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.00M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$300.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.90M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.40M	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-16.90M	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-12.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.70M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.90M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$8.50M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-12.70M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$19.50M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$7.20M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-9.90M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-2.20M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$4.40M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-10.90M	USD	Annual
Cash used in continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-9.50M	USD	Annual
Cash used in continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.50M	USD	Annual
Cash provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	Annual
Cash provided by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$33.50M	USD	Annual
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.00M	USD	Annual
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.50M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.70M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.10M	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.20M	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00M	USD	Annual
Loan to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Loan to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$4.50M	USD	Annual
Cash received from dispositions, net of cash disposed	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	Annual
Cash received from dispositions, net of cash disposed	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$74.00M	USD	Annual
Extraordinary dividend received in business disposition	`ExtraordinaryDividendReceivedInBusinessDisposition`	$62.50M	USD	Annual
Extraordinary dividend received in business disposition	`ExtraordinaryDividendReceivedInBusinessDisposition`	-	USD	Annual
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesGross`	$128.50M	USD	Annual
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesGross`	-	USD	Annual
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	Annual
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-700.00K	USD	Annual
Cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-22.50M	USD	Annual
Cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.90M	USD	Annual
Cash used in discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-221.30M	USD	Annual
Cash used in discontinued investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.50M	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-223.20M	USD	Annual
Proceeds from debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$10.70M	USD	Annual
Proceeds from debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$457.10M	USD	Annual
Principal payments on debt obligations	`RepaymentsOfLongTermDebt`	$458.10M	USD	Annual
Principal payments on debt obligations	`RepaymentsOfLongTermDebt`	$28.30M	USD	Annual
Proceeds from line of credit, net of deferred financing costs	`ProceedsFromLinesOfCredit`	$206.00M	USD	Annual
Proceeds from line of credit, net of deferred financing costs	`ProceedsFromLinesOfCredit`	$176.70M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$85.10M	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$175.50M	USD	Annual
Redemption of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	-	USD	Annual
Redemption of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$10.40M	USD	Annual
Cash received by subsidiary to issue preferred stock	`ProceedsFromIssuanceOfPreferredStockSubsidiary`	$10.50M	USD	Annual
Cash received by subsidiary to issue preferred stock	`ProceedsFromIssuanceOfPreferredStockSubsidiary`	-	USD	Annual
Transactions with noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	$-13.50M	USD	Annual
Transactions with noncontrolling interests	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	Annual
Dividend payments	`PaymentsOfDividends`	$5.20M	USD	Annual
Dividend payments	`PaymentsOfDividends`	$2.90M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.30M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-700.00K	USD	Annual
Cash provided by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$11.90M	USD	Annual
Cash provided by continuing financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$68.10M	USD	Annual
Cash used in discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	Annual
Cash used in discontinued financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-7.60M	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.30M	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$68.10M	USD	Annual
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.40M	USD	Annual
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.30M	USD	Annual
Net increase (decrease) in cash and cash equivalents, including restricted cash and cash classified within assets held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsNetIncreaseDecreaseInCashAndCashEquivalentsIncludingCashClassifiedWithinAssetsHeldForSale`	$-193.20M	USD	Annual
Net increase (decrease) in cash and cash equivalents, including restricted cash and cash classified within assets held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsNetIncreaseDecreaseInCashAndCashEquivalentsIncludingCashClassifiedWithinAssetsHeldForSale`	$34.70M	USD	Annual
Less: Net decrease in cash and cash equivalents from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-195.40M	USD	Annual
Less: Net decrease in cash and cash equivalents from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.20M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.70M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.50M	USD	Point-in-time

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-389.60M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-300.00K	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$600.20M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.40M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.40M	USD	Annual
Fair value adjustment to redeemable noncontrolling interest	`FairValueAdjustmentOfRedeemablePreferredStock`	$-200.00K	USD	Annual
Fair value adjustment to redeemable noncontrolling interest	`FairValueAdjustmentOfRedeemablePreferredStock`	$-200.00K	USD	Annual
Taxes paid in lieu of shares issued for share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	Annual
Taxes paid in lieu of shares issued for share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.00M	USD	Annual
Stock dividends	`StockIssuedDuringPeriodValueStockDividend`	$4.00M	USD	Annual
Spectrum warrant modification	`AdjustmentsToNoncontrollingInterestWarrantFairValueAdjustmentDueToModification`	$3.10M	USD	Annual
Preferred stock dividend	`DividendsPreferredStockStock`	$2.20M	USD	Annual
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	8.50M	shares	Point-in-time
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$200.00K	USD	Annual
Purchase of preferred stock by subsidiary	`AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock`	$300.00K	USD	Annual
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	-	USD	Annual
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	$34.90M	USD	Annual
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.70M	USD	Annual
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$300.00K	USD	Annual
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-229.50M	USD	Annual
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-35.10M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-389.60M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-300.00K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$600.20M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$68.10M	USD	Point-in-time
Stock dividends	`StockIssuedDuringPeriodValueStockDividend`	$4.00M	USD	Annual
Spectrum warrant modification	`AdjustmentsToNoncontrollingInterestWarrantFairValueAdjustmentDueToModification`	$3.10M	USD	Annual
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	-	USD	Annual
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	$34.90M	USD	Annual
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$68.10M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-42.00M	USD	Annual
Net loss	`ProfitLoss`	$-236.20M	USD	Annual
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.10M	USD	Annual
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-200.00K	USD	Annual
Unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-57.70M	USD	Annual
Dispositions, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	$-334.00M	USD	Annual
Dispositions, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-389.60M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-625.80M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-42.20M	USD	Annual
Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-7.80M	USD	Annual
Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-5.80M	USD	Annual
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-36.40M	USD	Annual
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-618.00M	USD	Annual

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