10-Q Filing

INNOVATE Corp. CIK: 1006837 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001006837-23-000063`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	vate-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 44 Cash Flow Statement 80 Stockholders Equity 34 Comprehensive Income 14

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$254.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$253.70M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$180.20M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$165.10M	USD	Point-in-time
Inventory	`InventoryNet`	$18.90M	USD	Point-in-time
Inventory	`InventoryNet`	$21.30M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$300.00K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.80M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	80.54M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$536.40M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	80.22M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$486.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	79.05M	shares	Point-in-time
Investments	`Investments`	$7.70M	USD	Point-in-time
Investments	`Investments`	$59.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.79M	shares	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.43M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.70M	USD	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.49M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$164.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$165.00M	USD	Point-in-time
Goodwill	`Goodwill`	$127.00M	USD	Point-in-time
Goodwill	`Goodwill`	$127.10M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$186.10M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$190.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$71.10M	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`	$1.04B	USD	Point-in-time
Accounts payable	`AccountsPayableAndOtherAccruedLiabilities`	$202.50M	USD	Point-in-time
Accounts payable	`AccountsPayableAndOtherAccruedLiabilities`	$167.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$45.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$65.40M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$32.90M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$30.60M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$98.60M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$104.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$24.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$374.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$417.20M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.70M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$9.10M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$664.30M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$683.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$107.60M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$71.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15B	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
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$-5.20M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$43.40M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$12.10M	USD	Point-in-time
Common stock, $0.001 par value Shares authorized: 160,000,000 as of both March 31, 2023 and December 31, 2022 Shares issued: 80,537,415 and 80,216,028 as of March 31, 2023 and December 31, 2022, respectively Shares outstanding: 79,049,423 and 78,787,768 as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.001 par value Shares authorized: 160,000,000 as of both March 31, 2023 and December 31, 2022 Shares issued: 80,537,415 and 80,216,028 as of March 31, 2023 and December 31, 2022, respectively Shares outstanding: 79,049,423 and 78,787,768 as of March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$326.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$330.10M	USD	Point-in-time
Treasury stock, at cost: 1,487,992 and 1,428,260 shares as of March 31, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$5.40M	USD	Point-in-time
Treasury stock, at cost: 1,487,992 and 1,428,260 shares as of March 31, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$5.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-452.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-461.10M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.90M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.50M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-121.30M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-141.10M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$30.70M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$23.00M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-118.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.30M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Total liabilities, temporary equity and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.15B	USD	Point-in-time
Total liabilities, temporary equity and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$412.80M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$317.90M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$274.30M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$363.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$43.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$42.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$41.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.90M	USD	1 Quarter
Other operating income	`OtherOperatingIncomeExpenseNet`	$400.00K	USD	1 Quarter
Other operating income	`OtherOperatingIncomeExpenseNet`	$400.00K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-4.00M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$700.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.60M	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-4.00M	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-500.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$16.50M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.10M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.60M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$900.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.10M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.70M	USD	1 Quarter
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-9.00M	USD	1 Quarter
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-12.40M	USD	1 Quarter
Less: Preferred dividends	`DividendsPreferredStock`	$1.20M	USD	1 Quarter
Less: Preferred dividends	`DividendsPreferredStock`	$1.20M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.60M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.20M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-13.60M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-10.20M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.70M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-8.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.10M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$500.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$800.00K	USD	1 Quarter
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$10.60M	USD	1 Quarter
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$10.20M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$1.20M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$1.60M	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-4.00M	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-500.00K	USD	1 Quarter
Realized and unrealized gains on equity method investments	`GainLossOnEquityMethodInvestments`	$16.10M	USD	1 Quarter
Realized and unrealized gains on equity method investments	`GainLossOnEquityMethodInvestments`	-	USD	1 Quarter
Asset impairment expense	`AssetImpairmentCharges`	-	USD	1 Quarter
Asset impairment expense	`AssetImpairmentCharges`	$100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$400.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.40M	USD	1 Quarter
Other operating activities, net	`OtherNoncashIncomeExpense`	$500.00K	USD	1 Quarter
Other operating activities, net	`OtherNoncashIncomeExpense`	$-200.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.60M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$22.00M	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$15.10M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.20M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.10M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.50M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.40M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.50M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-4.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-36.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.20M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.20M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-19.00M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$6.30M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-24.00M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.40M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-4.90M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.60M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-200.00K	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-63.40M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-77.00M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.60M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.70M	USD	1 Quarter
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	1 Quarter
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.80M	USD	1 Quarter
Loan to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Loan to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$4.50M	USD	1 Quarter
Proceeds from the sale of equity method investments	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	1 Quarter
Proceeds from the sale of equity method investments	`ProceedsFromSaleOfEquityMethodInvestments`	$54.20M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-400.00K	USD	1 Quarter
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$51.20M	USD	1 Quarter
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.40M	USD	1 Quarter
Proceeds from debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$900.00K	USD	1 Quarter
Principal payments on debt obligations	`RepaymentsOfLongTermDebt`	$4.60M	USD	1 Quarter
Principal payments on debt obligations	`RepaymentsOfLongTermDebt`	$6.40M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$100.00M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$40.00M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$40.00M	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$57.00M	USD	1 Quarter
Payments to noncontrolling interests and redeemable noncontrolling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	-	USD	1 Quarter
Payments to noncontrolling interests and redeemable noncontrolling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	$15.90M	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	$1.20M	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	$2.40M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.00M	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.20M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$500.00K	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-400.00K	USD	1 Quarter
Net decrease in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.10M	USD	1 Quarter
Net decrease in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-64.20M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.50M	USD	Point-in-time
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`	$28.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end 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`	$28.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.00M	USD	Point-in-time

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-9.60M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$600.00K	USD	1 Quarter
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-118.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.30M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$500.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$800.00K	USD	1 Quarter
Taxes paid in lieu of shares issued for share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStockStock`	$900.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStockStock`	$2.10M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.70M	USD	1 Quarter
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	$-100.00K	USD	1 Quarter
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	$100.00K	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$100.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-12.40M	USD	1 Quarter
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-6.80M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-9.60M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$600.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-118.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.30M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	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`	$12.10M	USD	Point-in-time
Preferred stock dividend	`DividendsPreferredStockStock`	$900.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStockStock`	$2.10M	USD	1 Quarter
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	$-100.00K	USD	1 Quarter
Transactions with noncontrolling interests	`MinorityInterestPeriodIncreaseDecrease`	$100.00K	USD	1 Quarter
DBMGi preferred stock liability reclass	`IncreaseDecreasePreferredStockLiabilityReclass`	$-41.80M	USD	1 Quarter
Other comprehensive (loss)	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-9.60M	USD	1 Quarter
Other comprehensive (loss)	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$600.00K	USD	1 Quarter
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$12.10M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-8.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-14.10M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Dispositions of investments, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	$-9.10M	USD	1 Quarter
Dispositions of investments, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$700.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-10.10M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.40M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-18.10M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.70M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.60M	USD	1 Quarter
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-16.40M	USD	1 Quarter
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-11.80M	USD	1 Quarter

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