INNOVATE Corp. (VATE)

INNOVATE Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,420	1,423	1,637	1,205	716.9	1,077
Revenue Growth (YoY)	-7.92%	-13.09%	35.85%	68.11%	-33.44%	-45.52%
Cost of Revenue	1,199	1,207	1,416	1,022	588.5	596
Gross Profit	221	216	221.4	183.7	128.4	481
Selling, General & Admin	165.8	168	180.1	168.3	145.5	177.3
Other Operating Expenses	21.9	21.5	27.9	26	11.2	278.4
Operating Expenses	187.7	189.5	208	194.3	156.7	455.7
Operating Income	33.3	26.5	13.4	-10.6	-28.3	25.3
Interest Expense / Income	69.8	68.2	52	59.1	74.8	76.1
Other Expense / Income	0.2	-11	-3.6	152.2	-18.1	0.3
Pretax Income	-36.7	-30.7	-35	-221.9	-85	-51.1
Income Tax	6.9	4.5	0.9	5.6	7	-19.6
Net Income	-43.6	-35.2	-35.9	-227.5	-92	-31.5
Preferred Dividends	1.5	2.4	4.9	2.2	3.6	0
Net Income Common	-45.1	-37.6	-40.8	-229.7	-95.6	-31.5
Shares Outstanding (Basic)	79	78	78	77	50	45
Shares Outstanding (Diluted)	79	78	78	77	50	45
Shares Change	1.29%	0.77%	0.52%	53.28%	12.28%	-4.27%
EPS (Basic)	-0.56	-0.48	-0.53	-2.98	-1.88	-0.70
EPS (Diluted)	-0.56	-0.48	-0.53	-2.98	-1.88	-0.70
Free Cash Flow	62.2	9.7	-28.2	16.1	64.5	29.8
Free Cash Flow Per Share	0.79	0.12	-0.36	0.21	1.28	0.67
Dividend Per Share	-	-	-	-	3.890	-
Gross Margin	15.56%	15.18%	13.52%	15.24%	17.91%	44.66%
Operating Margin	2.34%	1.86%	0.82%	-0.88%	-3.95%	2.35%
Profit Margin	-3.18%	-2.64%	-2.49%	-19.06%	-13.34%	-2.92%
Free Cash Flow Margin	4.38%	0.68%	-1.72%	1.34%	9.00%	2.77%
EBITDA	67.3	73.5	59.2	-125.2	16.6	33.2
EBITDA Margin	4.74%	5.17%	3.62%	-10.39%	2.32%	3.08%
Depreciation & Amortization	34.2	36	42.2	37.6	26.8	8.2
EBIT	33.1	37.5	17	-162.8	-10.2	25
EBIT Margin	2.33%	2.64%	1.04%	-13.51%	-1.42%	2.32%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).