← INNOVATE Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $115.4m | $97.9m | $325.0m | $239.0m | $232.3m | $45.5m | $80.4m | $80.8m | $48.8m | $112.1m | |
| Inventory, Net | $9.6m | $12.7m | $21.3m | $22.6m | $9.9m | $17.0m | $18.9m | $22.4m | $20.8m | $16.0m | |
| Accounts Receivable, after Allowance for Credit Loss | — | — | — | — | — | — | — | $0 | $100k | — | |
| Assets, Current | — | — | — | — | — | $442.6m | $536.4m | $517.9m | $390.9m | $451.5m | |
| Property, Plant and Equipment, Net | $286.5m | $374.7m | $376.3m | $405.8m | $113.9m | $169.9m | $165.0m | $154.6m | $133.6m | $141.8m | |
| Goodwill | $98.1m | $131.7m | $171.7m | $126.8m | $111.0m | $127.4m | $127.1m | $127.1m | $126.7m | $127.0m | |
| Intangible Assets, Net (Excluding Goodwill) | $39.7m | $117.1m | $219.2m | $227.0m | $174.6m | $208.4m | $190.1m | $178.9m | $172.4m | $165.2m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $70.2m | $44.3m | $69.6m | $65.8m | $58.0m | $53.7m | $52.9m | |
| Other Assets, Noncurrent | $33.0m | $102.3m | $208.1m | $256.5m | $172.4m | $73.3m | $71.9m | $61.3m | $62.3m | $60.8m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $267.6m | $322.4m | $379.2m | $337.8m | $184.7m | $247.1m | $254.9m | $278.4m | $194.0m | $241.1m | |
| Accrued Liabilities, Current | — | — | — | — | $77.1m | $93.4m | $65.4m | $70.8m | $109.7m | $122.5m | |
| Assets | $2.8b | $3.2b | $6.5b | $7.0b | $6.7b | $1.1b | $1.2b | $1.0b | $891.1m | $950.1m | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | — | $15.5m | $17.1m | $13.5m | $12.9m | $12.9m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | — | $58.5m | $53.8m | $48.6m | $43.5m | $42.9m | |
| Dividends Payable | — | — | — | — | — | — | — | — | — | $400k | |
| Long-term Debt, Excluding Current Maturities | $428.5m | — | — | — | — | — | — | — | — | — | |
| Long-term Debt, Current Maturities | — | — | — | — | — | $69.5m | $30.6m | $30.5m | $162.2m | $581.4m | |
| Liabilities, Current | — | — | — | — | — | $439.5m | $417.2m | $413.8m | $483.0m | $1.0b | |
| Deferred Income Tax Liabilities, Net | — | $10.7m | $30.3m | $83.7m | $142.3m | $9.1m | $9.1m | $4.1m | $4.4m | $4.7m | |
| Other Liabilities, Noncurrent | $27.4m | $70.2m | $110.8m | $205.9m | $116.0m | $63.3m | $71.2m | $82.7m | $46.8m | $46.3m | |
| Deferred Tax Liabilities, Net | $14.2m | $9.1m | $28.2m | $81.0m | $139.0m | $6.1m | $7.4m | $2.1m | $2.8m | $2.7m | |
| Liabilities | $2.7b | $3.0b | $6.3b | $6.5b | $6.1b | $1.1b | $1.2b | $1.2b | $1.0b | $1.2b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | $2.5m | $1.6m | $8.0m | — | — | — | — | — | — | — | |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount | — | — | — | $11.3m | $5.3m | $49.3m | $43.4m | — | — | — | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $29.5m | $26.3m | $20.3m | $10.3m | $10.4m | $18.8m | $17.6m | $16.4m | $16.1m | $9.3m | |
| Common Stock, Value, Issued | $42k | $44k | $0 | $0 | $100k | $100k | $100k | $100k | $0 | $0 | |
| Retained Earnings (Accumulated Deficit) | ($174.3m) | ($221.2m) | ($57.2m) | ($96.7m) | ($188.7m) | ($416.2m) | ($452.1m) | ($487.3m) | ($521.9m) | ($582.5m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($21.6m) | $41.7m | ($112.6m) | $168.7m | $396.9m | $6.4m | $5.9m | ($1.1m) | ($3.2m) | ($2.1m) | |
| Additional Paid in Capital, Common Stock | $241.5m | $254.7m | $260.5m | $281.1m | $355.7m | $330.6m | $330.1m | $328.2m | $350.1m | $350.1m | |
| Stockholders' Equity Attributable to Parent | $44.2m | $73.2m | $88.1m | $349.8m | $559.8m | ($84.3m) | ($121.3m) | ($165.5m) | ($180.4m) | ($240.1m) | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $23.2m | $115.0m | $105.6m | $93.8m | $40.4m | $28.1m | $30.7m | $13.8m | $21.1m | $13.9m | |
| Liabilities and Equity | $2.8b | $3.2b | $6.5b | $7.0b | $6.7b | $1.1b | $1.2b | $1.0b | $891.1m | $950.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.