10-K Filing

INNOVATE Corp. CIK: 1006837 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001006837-24-000023`
Period End Date	20231231
Filing Date	20240306
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	vate-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 44 Cash Flow Statement 80 Stockholders Equity 39 Comprehensive Income 14

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$278.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$247.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$254.90M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$236.50M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$118.60M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$165.10M	USD	Point-in-time
Inventory	`InventoryNet`	$22.40M	USD	Point-in-time
Inventory	`InventoryNet`	$18.90M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$3.10M	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
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.10M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.60M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	160.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$517.90M	USD	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	80.72M	shares	Point-in-time
Investments	`Investments`	$59.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	78.79M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	79.23M	shares	Point-in-time
Investments	`Investments`	$1.80M	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
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$2.00M	USD	Point-in-time
Treasury stock, common shares (in shares)	`TreasuryStockCommonShares`	1.49M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$154.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$165.00M	USD	Point-in-time
Goodwill	`Goodwill`	$127.40M	USD	Point-in-time
Goodwill	`Goodwill`	$127.10M	USD	Point-in-time
Goodwill	`Goodwill`	$127.10M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$190.10M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$178.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$71.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$61.30M	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`	$142.90M	USD	Point-in-time
Accounts payable	`AccountsPayableAndOtherAccruedLiabilities`	$202.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$70.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$65.40M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$30.50M	USD	Point-in-time
Current portion of debt obligations	`LongTermDebtCurrent`	$30.60M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$153.50M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$98.60M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$16.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$417.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$413.80M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$9.10M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.10M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$679.30M	USD	Point-in-time
Debt obligations	`DebtAndCapitalLeaseObligations`	$683.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$82.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$71.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.18B	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`	$-1.00M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$15.40M	USD	Point-in-time
Total temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Common stock, [$0.000] par value 0.1 Shares authorized:[0] as of both December 31, 2023 and December 31, 2022 Shares issued: [0] and 80,216,028 as of December 31, 2023 and December 31, 2022, respectively Shares outstanding: [0] and 78,787,768 as of December 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock, [$0.000] par value 0.1 Shares authorized:[0] as of both December 31, 2023 and December 31, 2022 Shares issued: [0] and 80,216,028 as of December 31, 2023 and December 31, 2022, respectively Shares outstanding: [0] and 78,787,768 as of December 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$328.20M	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 December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$5.40M	USD	Point-in-time
Treasury stock, at cost: 1,487,992 and 1,428,260 shares as of December 31, 2023 and 2022, respectively	`TreasuryStockCommonValue`	$5.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-452.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-487.30M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.90M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.10M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-121.30M	USD	Point-in-time
Total INNOVATE Corp. stockholders deficit	`StockholdersEquity`	$-165.50M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$30.70M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$13.80M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-56.20M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-151.70M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	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`	$1.42B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64B	USD	Annual
Cost of revenue	`CostOfRevenue`	$1.42B	USD	Annual
Cost of revenue	`CostOfRevenue`	$1.21B	USD	Annual
Gross profit	`GrossProfit`	$221.40M	USD	Annual
Gross profit	`GrossProfit`	$216.00M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$168.00M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$180.10M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$27.20M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$20.20M	USD	Annual
Other operating loss	`OtherOperatingIncomeExpenseNet`	$-700.00K	USD	Annual
Other operating loss	`OtherOperatingIncomeExpenseNet`	$-1.30M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$26.50M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$13.40M	USD	Annual
Interest expense	`InterestExpense`	$68.20M	USD	Annual
Interest expense	`InterestExpense`	$52.00M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.30M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-9.40M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$16.70M	USD	Annual
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.10M	USD	Annual
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-34.40M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$4.50M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$900.00K	USD	Annual
Net loss	`ProfitLoss`	$-38.90M	USD	Annual
Net loss	`ProfitLoss`	$-42.00M	USD	Annual
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.70M	USD	Annual
Net loss attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.10M	USD	Annual
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-35.20M	USD	Annual
Net loss attributable to INNOVATE Corp.	`NetIncomeLoss`	$-35.90M	USD	Annual
Less: Preferred dividends	`DividendsPreferredStock`	$4.90M	USD	Annual
Less: Preferred dividends	`DividendsPreferredStock`	$2.40M	USD	Annual
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.80M	USD	Annual
Net loss attributable to common stockholders, basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-37.60M	USD	Annual
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-40.80M	USD	Annual
Net loss attributable to common stockholders, diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-37.60M	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.48	USD	Annual
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.53	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.48	USD	Annual
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.53	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	78.10M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.50M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.10M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.50M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-38.90M	USD	Annual
Net loss	`ProfitLoss`	$-42.00M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.20M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.40M	USD	Annual
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$36.00M	USD	Annual
Depreciation and amortization (including amounts in cost of revenue)	`DepreciationDepletionAndAmortization`	$42.20M	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$3.40M	USD	Annual
Amortization of deferred financing costs and debt discount	`AmortizationOfDeferredFinancingCosts`	$6.90M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-1.30M	USD	Annual
Loss from equity investees	`IncomeLossFromEquityMethodInvestments`	$-9.40M	USD	Annual
Gain on sale of investments and step-up of equity method investments	`EquityMethodInvestmentRealizedGainLossOnDisposalAndStepUpGain`	-	USD	Annual
Gain on sale of investments and step-up of equity method investments	`EquityMethodInvestmentRealizedGainLossOnDisposalAndStepUpGain`	$15.80M	USD	Annual
Asset impairment expense	`AssetImpairmentCharges`	$1.80M	USD	Annual
Asset impairment expense	`AssetImpairmentCharges`	$2.10M	USD	Annual
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$1.10M	USD	Annual
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-5.30M	USD	Annual
Other operating activities, net	`OtherNoncashIncomeExpense`	$-2.10M	USD	Annual
Other operating activities, net	`OtherNoncashIncomeExpense`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.50M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.70M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-46.50M	USD	Annual
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$46.50M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$600.00K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.00M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.50M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.90M	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-15.10M	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-16.90M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.70M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-60.20M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.90M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-12.70M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$19.50M	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$54.90M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-11.20M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-9.90M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$2.90M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$4.40M	USD	Annual
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.50M	USD	Annual
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.50M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.70M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.40M	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.60M	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00M	USD	Annual
Loans to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$4.50M	USD	Annual
Loans to equity method investee	`PaymentsToAcquireEquityMethodInvestments`	$4.00M	USD	Annual
Proceeds from the sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$59.20M	USD	Annual
Proceeds from the sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	Annual
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-700.00K	USD	Annual
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-700.00K	USD	Annual
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$39.10M	USD	Annual
Cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.50M	USD	Annual
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$87.00M	USD	Annual
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$176.70M	USD	Annual
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$94.70M	USD	Annual
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$85.10M	USD	Annual
Proceeds from other debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$4.90M	USD	Annual
Proceeds from other debt obligations, net of deferred financing costs	`ProceedsFromIssuanceOfLongTermDebt`	$10.70M	USD	Annual
Principal payments on other debt obligations	`RepaymentsOfLongTermDebt`	$37.10M	USD	Annual
Principal payments on other debt obligations	`RepaymentsOfLongTermDebt`	$28.30M	USD	Annual
Purchase of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$7.00M	USD	Annual
Purchase of preferred stock	`PaymentsForRepurchaseOfRedeemablePreferredStock`	-	USD	Annual
Payments to non-controlling interests and redeemable non-controlling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	$15.90M	USD	Annual
Payments to non-controlling interests and redeemable non-controlling interests related to sale of equity method investment	`PaymentsToNoncontrollingInterestAndRedeemableNoncontrollingInterestsSaleOfEquityMethodInvestments`	-	USD	Annual
Dividend payments	`PaymentsOfDividends`	$5.20M	USD	Annual
Dividend payments	`PaymentsOfDividends`	$2.20M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-300.00K	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-700.00K	USD	Annual
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-65.30M	USD	Annual
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$68.10M	USD	Annual
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-200.00K	USD	Annual
Effects of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.40M	USD	Annual
Net increase in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.70M	USD	Annual
Net increase in cash and cash equivalents, including restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$100.00K	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$47.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$82.30M	USD	Point-in-time

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-9.30M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-300.00K	USD	Annual
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`	$-56.20M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-151.70M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.40M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.20M	USD	Annual
Fair value adjustment to redeemable non-controlling interest	`FairValueAdjustmentOfRedeemablePreferredStock`	$-200.00K	USD	Annual
Taxes paid in lieu of shares issued for share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	Annual
Taxes paid in lieu of shares issued for share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	Annual
Stock dividends	`StockIssuedDuringPeriodValueStockDividend`	$4.00M	USD	Annual
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	8.50M	shares	Point-in-time
Spectrum warrant modification	`AdjustmentsToNoncontrollingInterestWarrantFairValueAdjustmentDueToModification`	$3.10M	USD	Annual
Preferred stock dividends	`DividendsPreferredStockStock`	$900.00K	USD	Annual
Preferred stock dividends	`DividendsPreferredStockStock`	$1.30M	USD	Annual
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.70M	USD	Annual
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	-	USD	Annual
Transactions with non-controlling interests	`MinorityInterestPeriodIncreaseDecrease`	$-100.00K	USD	Annual
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$300.00K	USD	Annual
Other	`StockholdersEquityOther`	$9.00M	USD	Annual
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-33.00M	USD	Annual
Net (loss) income	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingTemporaryEquity`	$-35.10M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-9.30M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossIncludingPortionAttributabletoNoncontrollingInterestandRedeemableNoncontrollingInterest`	$-300.00K	USD	Annual
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`	$-56.20M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-151.70M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-90.60M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$15.40M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time
Stock dividends	`StockIssuedDuringPeriodValueStockDividend`	$4.00M	USD	Annual
Issuance of preferred stock for dividend	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Issuance of preferred stock for dividend	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$900.00K	USD	Annual
DBMGi preferred stock liability repurchase	`IncreaseDecreasePreferredStockLiabilityReclass`	$-41.80M	USD	Annual
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$15.40M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$61.00M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-38.90M	USD	Annual
Net loss	`ProfitLoss`	$-42.00M	USD	Annual
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-600.00K	USD	Annual
Foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-200.00K	USD	Annual
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	-	USD	Annual
Disposition of equity method investment, net of tax	`OtherComprehensiveIncomeLossDisposalOfSubsidiaryNetOfTax`	$-9.10M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-9.70M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-200.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-42.20M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-48.60M	USD	Annual
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-6.40M	USD	Annual
Comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-5.80M	USD	Annual
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-42.20M	USD	Annual
Comprehensive loss attributable to INNOVATE Corp.	`ComprehensiveIncomeNetOfTax`	$-36.40M	USD	Annual

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