10-Q Filing

INNOVATE Corp. CIK: 1006837 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001006837-23-000128`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	vate-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 88 Cash Flow Statement 86 Stockholders Equity 52 Comprehensive Income 28

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$254.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$290.80M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$171.00M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNet`	$165.10M	USD	Point-in-time
Inventory	`InventoryNet`	$18.90M	USD	Point-in-time
Inventory	`InventoryNet`	$18.60M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$300.00K	USD	Point-in-time
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
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.40M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$536.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$552.50M	USD	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
Investments	`Investments`	$7.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.79M	shares	Point-in-time
Investments	`Investments`	$59.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	79.23M	shares	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.43M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$1.60M	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`	$165.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$160.20M	USD	Point-in-time
Goodwill	`Goodwill`	$127.10M	USD	Point-in-time
Goodwill	`Goodwill`	$126.80M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$190.10M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$180.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$67.20M	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`	$1.10B	USD	Point-in-time
Accounts payable	`AccountsPayableAndOtherAccruedLiabilities`	$149.20M	USD	Point-in-time
Accounts payable	`AccountsPayableAndOtherAccruedLiabilities`	$202.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$66.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$65.40M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$30.60M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$162.80M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$162.20M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$98.60M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$17.10M	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`	$557.70M	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`	$683.80M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$586.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$71.20M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$74.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.18B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.22B	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`	$-8.40M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCommonCarryingAmountNetOfAdjustments`	$43.40M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$8.30M	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 September 30, 2023 and December 31, 2022 Shares issued: 80,722,983 and 80,216,028 as of September 30, 2023 and December 31, 2022, respectively Shares outstanding: 79,234,991 and 78,787,768 as of September 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 September 30, 2023 and December 31, 2022 Shares issued: 80,722,983 and 80,216,028 as of September 30, 2023 and December 31, 2022, respectively Shares outstanding: 79,234,991 and 78,787,768 as of September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$327.80M	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 September 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 September 30, 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`	$-478.00M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.90M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.40M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-157.90M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-121.30M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$30.70M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$22.70M	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 stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-135.20M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-91.50M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.10M	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`	$1.10B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.23B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$375.30M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$423.00M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.06B	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$1.07B	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$907.10M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$364.60M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$316.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$158.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$58.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$154.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$58.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$126.60M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$45.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$130.30M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$43.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.90M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$20.60M	USD	3 Qtrs
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$600.00K	USD	1 Quarter
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$-700.00K	USD	3 Qtrs
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$100.00K	USD	3 Qtrs
Other operating loss (income)	`OtherOperatingIncomeExpenseNet`	$-200.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.90M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.50M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$6.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$49.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$17.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$38.40M	USD	3 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-2.10M	USD	3 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.10M	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-5.80M	USD	3 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.50M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$500.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-900.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$17.20M	USD	3 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-25.10M	USD	3 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.70M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.50M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-33.10M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$3.20M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.60M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-2.00M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-28.30M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-6.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-34.70M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-8.60M	USD	1 Quarter
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.40M	USD	3 Qtrs
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.60M	USD	1 Quarter
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.30M	USD	1 Quarter
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.50M	USD	3 Qtrs
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-25.90M	USD	3 Qtrs
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-7.00M	USD	1 Quarter
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-5.40M	USD	1 Quarter
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-30.20M	USD	3 Qtrs
Less: Preferred dividends	`DividendsPreferredStock`	$2.10M	USD	3 Qtrs
Less: Preferred dividends	`DividendsPreferredStock`	$3.60M	USD	3 Qtrs
Less: Preferred dividends	`DividendsPreferredStock`	$1.20M	USD	1 Quarter
Less: Preferred dividends	`DividendsPreferredStock`	$300.00K	USD	1 Quarter
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.30M	USD	1 Quarter
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.60M	USD	1 Quarter
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-28.00M	USD	3 Qtrs
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.80M	USD	3 Qtrs
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-33.80M	USD	3 Qtrs
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-6.60M	USD	1 Quarter
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-7.30M	USD	1 Quarter
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-28.00M	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.36	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.44	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.44	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.36	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.00M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.50M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.50M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.00M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.40M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-28.30M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-6.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-34.70M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-8.60M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.00M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$1.70M	USD	3 Qtrs
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$27.70M	USD	3 Qtrs
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$31.80M	USD	3 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$3.20M	USD	3 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$4.80M	USD	3 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-2.10M	USD	3 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.10M	USD	1 Quarter
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-5.80M	USD	3 Qtrs
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.50M	USD	1 Quarter
Gain on sale and step-up of equity method investments	`EquityMethodInvestmentRealizedGainLossOnDisposalAndStepUpGain`	-	USD	3 Qtrs
Gain on sale and step-up of equity method investments	`EquityMethodInvestmentRealizedGainLossOnDisposalAndStepUpGain`	$16.00M	USD	3 Qtrs
Asset impairment expense	`AssetImpairmentCharges`	$600.00K	USD	3 Qtrs
Asset impairment expense	`AssetImpairmentCharges`	$2.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.20M	USD	3 Qtrs
Other operating activities, net	`OtherNoncashIncomeExpense`	$2.70M	USD	3 Qtrs
Other operating activities, net	`OtherNoncashIncomeExpense`	$-1.30M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$77.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.40M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$5.90M	USD	3 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$37.40M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.10M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.50M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.70M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-300.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-10.20M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-8.50M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-52.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.50M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.40M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.60M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$63.60M	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$16.30M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-8.70M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-4.90M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-5.10M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.80M	USD	3 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.70M	USD	3 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.20M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.90M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.30M	USD	3 Qtrs
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.50M	USD	3 Qtrs
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.90M	USD	3 Qtrs
Loans to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$4.50M	USD	3 Qtrs
Loans to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$1.00M	USD	3 Qtrs
Proceeds from the sale of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Proceeds from the sale of equity method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$54.20M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-600.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-400.00K	USD	3 Qtrs
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.30M	USD	3 Qtrs
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$41.20M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$176.80M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$87.00M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$77.00M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$85.10M	USD	3 Qtrs
Proceeds from other debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$9.90M	USD	3 Qtrs
Proceeds from other debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$5.30M	USD	3 Qtrs
Principal payments on other debt obligations	`RepaymentsOfLongTermDebt`	$20.80M	USD	3 Qtrs
Principal payments on other debt obligations	`RepaymentsOfLongTermDebt`	$23.70M	USD	3 Qtrs
Purchase of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$7.00M	USD	3 Qtrs
Purchase of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	-	USD	3 Qtrs
Payments to non-controlling interests and redeemable non-controlling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	$15.90M	USD	3 Qtrs
Payments to non-controlling interests and redeemable non-controlling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Dividend payments	`PaymentsOfDividends`	$1.80M	USD	3 Qtrs
Dividend payments	`PaymentsOfDividends`	$3.90M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-800.00K	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-400.00K	USD	3 Qtrs
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.20M	USD	3 Qtrs
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.60M	USD	3 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	USD	3 Qtrs
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.50M	USD	3 Qtrs
Net decrease in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.80M	USD	3 Qtrs
Net decrease in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-25.10M	USD	3 Qtrs
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`	$27.70M	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`	$57.10M	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`	$27.70M	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`	$57.10M	USD	Point-in-time

Stockholders Equity 52 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-3.80M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-10.60M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-700.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-1.90M	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	78.79M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	79.23M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-128.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-135.20M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-91.50M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.10M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.00M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.70M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$800.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$400.00K	USD	1 Quarter
Fair value adjustment to redeemable non-controlling interest	`FairValueAdjustmentOfRedeemablePreferredStock`	$-100.00K	USD	3 Qtrs
Taxes paid in lieu of shares issued for share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStockStock`	$3.00M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStockStock`	$1.30M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStockStock`	-	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStockStock`	$900.00K	USD	1 Quarter
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$900.00K	USD	3 Qtrs
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.70M	USD	3 Qtrs
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	-	USD	3 Qtrs
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	$200.00K	USD	1 Quarter
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	$100.00K	USD	1 Quarter
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	$300.00K	USD	3 Qtrs
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$300.00K	USD	3 Qtrs
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-7.10M	USD	1 Quarter
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-23.90M	USD	3 Qtrs
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-4.80M	USD	1 Quarter
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-29.40M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-3.80M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-10.60M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-700.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-1.90M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	78.79M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	79.23M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-128.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-135.20M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-91.50M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-84.10M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$8.30M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Issuance of preferred stock	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$900.00K	USD	3 Qtrs
Issuance of preferred stock	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	-	USD	3 Qtrs
DBMGi preferred stock liability repurchase	`IncreaseDecreasePreferredStockLiabilityReclass`	$-41.80M	USD	3 Qtrs
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$8.30M	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`	$-28.30M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-6.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-34.70M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-8.60M	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.80M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-800.00K	USD	1 Quarter
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.90M	USD	3 Qtrs
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	1 Quarter
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	$-9.10M	USD	3 Qtrs
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	1 Quarter
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-800.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-3.80M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-2.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-11.00M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-39.30M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-8.70M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-38.50M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.40M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-4.80M	USD	3 Qtrs
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-5.10M	USD	3 Qtrs
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.60M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.50M	USD	1 Quarter
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-7.80M	USD	1 Quarter
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-33.70M	USD	3 Qtrs
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-34.20M	USD	3 Qtrs
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-7.20M	USD	1 Quarter

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