INNOVATE Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-69.8	-34.6	-35.2	-35.9	-227.5	-92
Depreciation & Amortization	30.9	32.9	36	42.2	37.6	26.8
Other Amortization	19.8	7.7	6.9	3.4	10.5	15.1
Asset Writedown & Restructuring Costs	0.1	0.1	1.8	2.1	2.8	13.7
Loss (Gain) From Sale of Investments	-5	0.2	-15.8	-	-	-72.6
Loss (Gain) on Equity Investments	5.9	2.3	9.4	1.3	2.8	3.4
Stock-Based Compensation	4.5	3.4	2.2	2.4	2.4	2.9
Other Operating Activities	-3.7	-15	-6.9	-5	151.5	32.7
Change in Accounts Receivable	-41.4	104.1	20.8	-52	-57.4	56.8
Change in Inventory	3.2	1.9	-3.5	-1.9	-1.4	-
Change in Accounts Payable	16.3	-57.2	-60.2	21.7	57.9	5.8
Change in Unearned Revenue	90	-44.4	54.9	19.5	7.2	-17.5
Change in Other Net Operating Assets	36.1	7.7	16.1	-7.3	7.1	-30.3
Operating Cash Flow	86.9	9.1	26.5	-9.5	27	41.1
Operating Cash Flow Growth	200.69%	-65.66%	-	-	-34.31%	-62.87%
Capital Expenditures	-27.2	-20.2	-18.4	-20.7	-24.1	-17.8
Sale of Property, Plant & Equipment	1.6	10.1	1.6	2	13.2	41.2
Cash Acquisitions	-	-	-	-	-128.5	-
Divestitures	-	-	-	-	74	147.4
Investment in Securities	0.6	-2	59.2	-	-	86.1
Other Investing Activities	-	-1.8	-3.3	-3.8	-157.8	-94.8
Investing Cash Flow	-25	-13.9	39.1	-22.5	-223.2	162.1
Long-Term Debt Issued	-	94.8	91.9	187.4	663.1	-
Long-Term Debt Repaid	-	-153	-131.8	-113.4	-633.6	-186
Net Debt Issued (Repaid)	-74.7	-58.2	-39.9	74	29.5	-186
Issuance of Common Stock	-	33.2	-	-	-	-
Preferred Dividends Paid	-0.3	-1.2	-	-1.2	-	-
Common Dividends Paid	-1.5	-	-	-2.7	-2.9	-
Dividends Paid	-1.8	-1.2	-2.2	-3.9	-2.9	-
Other Financing Activities	-0.5	-0.3	-16.2	-2	-11.9	-56.5
Financing Cash Flow	-77	-26.5	-65.3	68.1	4.3	-204.5
Foreign Exchange Rate Adjustments	-1.3	-1.7	-0.2	-1.4	-1.3	1.1
Miscellaneous Cash Flow Adjustments	-	-	-	-	195.4	20.8
Net Cash Flow	-16.4	-33	0.1	34.7	2.2	20.6
Free Cash Flow	59.7	-11.1	8.1	-30.2	2.9	23.3
Free Cash Flow Growth	385.37%	-	-	-	-87.55%	-72.91%
Free Cash Flow Margin	5.43%	-1.00%	0.57%	-1.85%	0.24%	3.25%
Free Cash Flow Per Share	4.55	-1.04	1.04	-3.90	0.38	4.63
Cash Interest Paid	31.8	48.6	49	42.5	32.6	65.1
Cash Income Tax Paid	5.6	3.5	6.7	5.9	5.4	0.2
Levered Free Cash Flow	73.49	35.34	20.21	-36.23	638.34	548
Unlevered Free Cash Flow	106.56	74.2	55.94	-7.13	664.78	579.65
Change in Working Capital	104.2	12.1	28.1	-20	13.4	14.8

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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