10-Q Filing

INNOVATE Corp. CIK: 1006837 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001006837-23-000098`
Period End Date	20230630
Filing Date	20230809
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	vate-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 88 Cash Flow Statement 86 Stockholders Equity 47 Comprehensive Income 28

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.80M	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`	$293.60M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$165.10M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$175.30M	USD	Point-in-time
Inventory	`InventoryNet`	$19.90M	USD	Point-in-time
Inventory	`InventoryNet`	$18.90M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Restricted cash	`RestrictedCashCurrent`	$300.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.60M	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`	80.22M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	80.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$531.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$536.40M	USD	Point-in-time
Investments	`Investments`	$59.50M	USD	Point-in-time
Investments	`Investments`	$7.40M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	79.23M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.79M	shares	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
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.70M	USD	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.43M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$161.50M	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`	$182.60M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$190.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$71.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$68.10M	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`	$188.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$65.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.30M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$30.60M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$222.40M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$98.60M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$117.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$17.20M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$417.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$618.90M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$9.10M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$3.80M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$683.80M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$519.60M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$55.20M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$71.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	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 non-controlling interest	`RedeemableNoncontrollingInterestEquityCommonCarryingAmountNetOfAdjustments`	$43.40M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCommonCarryingAmountNetOfAdjustments`	$-6.90M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$10.10M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Common stock, $0.001 par value Shares authorized: 160,000,000 as of both June 30, 2023 and December 31, 2022 Shares issued: 0 and 80,216,028 as of June 30, 2023 and December 31, 2022, respectively Shares outstanding: 0 and 78,787,768 as of June 30, 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 June 30, 2023 and December 31, 2022 Shares issued: 0 and 80,216,028 as of June 30, 2023 and December 31, 2022, respectively Shares outstanding: 0 and 78,787,768 as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$327.00M	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 June 30, 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 June 30, 2023 and December 31, 2022, respectively	`TreasuryStockCommonValue`	$5.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-471.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-452.10M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.60M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.90M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-121.30M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-150.90M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$30.70M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$22.80M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	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`	$-128.10M	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 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$368.80M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$805.00M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$392.20M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$686.70M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$590.50M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$341.90M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$704.90M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$316.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$50.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$100.10M	USD	2 Qtrs
Gross profit	`GrossProfit`	$96.20M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$42.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$41.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$84.70M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$82.80M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.90M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$13.80M	USD	2 Qtrs
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$300.00K	USD	2 Qtrs
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$-1.70M	USD	1 Quarter
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$-100.00K	USD	1 Quarter
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$-1.30M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$5.80M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-400.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$300.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$1.80M	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.90M	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.10M	USD	2 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-300.00K	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.00M	USD	2 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-4.30M	USD	2 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-500.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$16.80M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.50M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$300.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.40M	USD	2 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-17.60M	USD	2 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.40M	USD	2 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.90M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.60M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.20M	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-19.70M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-28.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-13.90M	USD	1 Quarter
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.20M	USD	2 Qtrs
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.50M	USD	1 Quarter
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-800.00K	USD	2 Qtrs
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.80M	USD	1 Quarter
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-24.80M	USD	2 Qtrs
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-12.40M	USD	1 Quarter
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-18.90M	USD	2 Qtrs
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-9.90M	USD	1 Quarter
Less: Preferred dividends	`DividendsPreferredStock`	$1.80M	USD	2 Qtrs
Less: Preferred dividends	`DividendsPreferredStock`	$600.00K	USD	1 Quarter
Less: Preferred dividends	`DividendsPreferredStock`	$2.40M	USD	2 Qtrs
Less: Preferred dividends	`DividendsPreferredStock`	$1.20M	USD	1 Quarter
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.50M	USD	1 Quarter
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-20.70M	USD	2 Qtrs
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.60M	USD	1 Quarter
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-27.20M	USD	2 Qtrs
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-20.70M	USD	2 Qtrs
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-13.60M	USD	1 Quarter
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-27.20M	USD	2 Qtrs
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-10.50M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.27	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.35	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.35	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.27	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.80M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.40M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.80M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.40M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.90M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-11.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-19.70M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-28.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-13.90M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.20M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$1.30M	USD	2 Qtrs
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$21.10M	USD	2 Qtrs
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$19.90M	USD	2 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$3.30M	USD	2 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$2.20M	USD	2 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-300.00K	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.00M	USD	2 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-4.30M	USD	2 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-500.00K	USD	1 Quarter
Realized and unrealized gains on equity method investments	`GainLossOnEquityMethodInvestments`	-	USD	2 Qtrs
Realized and unrealized gains on equity method investments	`GainLossOnEquityMethodInvestments`	$16.00M	USD	2 Qtrs
Asset impairment expense	`AssetImpairmentCharges`	$1.90M	USD	2 Qtrs
Asset impairment expense	`AssetImpairmentCharges`	$100.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.40M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$800.00K	USD	2 Qtrs
Other operating activities, net	`OtherNoncashIncomeExpense`	$700.00K	USD	2 Qtrs
Other operating activities, net	`OtherNoncashIncomeExpense`	$1.30M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.30M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.30M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$34.10M	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$10.20M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.90M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-100.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.10M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$1.80M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-5.60M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-9.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.40M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.70M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$300.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.40M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$18.70M	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$14.20M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.70M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-3.20M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.50M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.80M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.70M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.80M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.80M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.20M	USD	2 Qtrs
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	2 Qtrs
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.80M	USD	2 Qtrs
Loan to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$4.50M	USD	2 Qtrs
Loan to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Proceeds from the sale of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$54.20M	USD	2 Qtrs
Proceeds from the sale of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-400.00K	USD	2 Qtrs
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.50M	USD	2 Qtrs
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$46.70M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$142.30M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$75.00M	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$85.10M	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$77.00M	USD	2 Qtrs
Proceeds from other debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$400.00K	USD	2 Qtrs
Proceeds from other debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$3.60M	USD	2 Qtrs
Principal payments on other debt obligations	`RepaymentsOfLongTermDebt`	$19.20M	USD	2 Qtrs
Principal payments on other debt obligations	`RepaymentsOfLongTermDebt`	$14.20M	USD	2 Qtrs
Purchase of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$7.00M	USD	2 Qtrs
Purchase of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	-	USD	2 Qtrs
Payments to non-controlling interests and redeemable non-controlling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	-	USD	2 Qtrs
Payments to non-controlling interests and redeemable non-controlling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	$15.90M	USD	2 Qtrs
Dividend payments	`PaymentsOfDividends`	$1.60M	USD	2 Qtrs
Dividend payments	`PaymentsOfDividends`	$2.70M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-900.00K	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	2 Qtrs
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.80M	USD	2 Qtrs
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.30M	USD	2 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-600.00K	USD	2 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.40M	USD	2 Qtrs
Net decrease in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-52.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.80M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.70M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.70M	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`	$30.20M	USD	Point-in-time

Stockholders Equity 47 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-1.90M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-2.50M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-9.90M	USD	2 Qtrs
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-118.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.30M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-128.10M	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`	$1.20M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$700.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.30M	USD	2 Qtrs
Fair value adjustment to redeemable non-controlling interest	`FairValueAdjustmentOfRedeemablePreferredStock`	$-100.00K	USD	1 Quarter
Fair value adjustment to redeemable non-controlling interest	`FairValueAdjustmentOfRedeemablePreferredStock`	$-100.00K	USD	2 Qtrs
Taxes paid in lieu of shares issued for share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStockStock`	$400.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStockStock`	$2.10M	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStockStock`	$1.30M	USD	2 Qtrs
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$900.00K	USD	1 Quarter
Issuance of common and preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$900.00K	USD	2 Qtrs
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.70M	USD	2 Qtrs
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	$-100.00K	USD	2 Qtrs
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	$100.00K	USD	2 Qtrs
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	-	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$200.00K	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$300.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-10.00M	USD	1 Quarter
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-16.80M	USD	2 Qtrs
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-24.60M	USD	2 Qtrs
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-12.20M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-1.90M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-2.50M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-300.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-9.90M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-118.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-69.30M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-128.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$10.10M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
DBMGi preferred stock repurchase	`IncreaseDecreasePreferredStockLiabilityReclass`	$-41.80M	USD	2 Qtrs
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$10.10M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-11.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-19.70M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-28.00M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-13.90M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.50M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-100.00K	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.80M	USD	2 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.10M	USD	2 Qtrs
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	2 Qtrs
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	$-9.10M	USD	2 Qtrs
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	1 Quarter
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-10.20M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-2.50M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.80M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-11.80M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-29.90M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-29.80M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-16.40M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.80M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.50M	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.70M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.30M	USD	2 Qtrs
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-14.70M	USD	1 Quarter
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-26.40M	USD	2 Qtrs
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-10.00M	USD	1 Quarter
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-26.50M	USD	2 Qtrs

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