INNOVATE Corp. (VATE)
NYSE: VATE · Real-Time Price · USD
7.81
+0.17 (2.23%)
Aug 19, 2026, 4:00 PM EDT - Market closed
INNOVATE Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -22.4 | -60.6 | -34.6 | -35.2 | -35.9 | -227.5 |
Depreciation & Amortization | 29.5 | 30.4 | 32.9 | 36 | 42.2 | 37.6 |
Other Amortization | 27 | 23.7 | 7.7 | 6.9 | 3.4 | 10.5 |
Asset Writedown & Restructuring Costs | - | - | 0.1 | 1.8 | 2.1 | 2.8 |
Loss (Gain) From Sale of Investments | -0.2 | -5.2 | 0.2 | -15.8 | - | - |
Loss (Gain) on Equity Investments | - | 5.9 | 2.3 | 9.4 | 1.3 | 2.8 |
Stock-Based Compensation | 2.2 | 2.7 | 3.4 | 2.2 | 2.4 | 2.4 |
Other Operating Activities | -16.8 | -1.5 | -15 | -6.9 | -5 | 151.5 |
Change in Accounts Receivable | -13.9 | -6.5 | 104.1 | 20.8 | -52 | -57.4 |
Change in Inventory | 5.9 | 4.8 | 1.9 | -3.5 | -1.9 | -1.4 |
Change in Accounts Payable | 59.7 | 57.1 | -57.2 | -60.2 | 21.7 | 57.9 |
Change in Unearned Revenue | 9.9 | 62.8 | -44.4 | 54.9 | 19.5 | 7.2 |
Change in Other Net Operating Assets | 60.3 | 33 | 7.7 | 16.1 | -7.3 | 7.1 |
Operating Cash Flow | 141.2 | 146.6 | 9.1 | 26.5 | -9.5 | 27 |
Operating Cash Flow Growth | 259.29% | 1510.99% | -65.66% | - | - | -34.31% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -35.7 | -26.6 | -20.2 | -18.4 | -20.7 | -24.1 |
Sale of Property, Plant & Equipment | 0.3 | 1.4 | 10.1 | 1.6 | 2 | 13.2 |
Cash Acquisitions | - | - | - | - | - | -128.5 |
Divestitures | - | - | - | - | - | 74 |
Investment in Securities | 2.4 | 2.6 | -2 | 59.2 | - | - |
Other Investing Activities | - | - | -1.8 | -3.3 | -3.8 | -157.8 |
Investing Cash Flow | -33 | -22.6 | -13.9 | 39.1 | -22.5 | -223.2 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 107.2 | 95 | 91.9 | 187.4 | 663.1 |
Long-Term Debt Repaid | - | -165.5 | -153 | -131.8 | -113.4 | -633.6 |
Net Debt Issued (Repaid) | -46.3 | -58.3 | -58 | -39.9 | 74 | 29.5 |
Issuance of Common Stock | - | - | 33.2 | - | - | - |
Preferred Dividends Paid | - | - | -1.2 | - | -1.2 | - |
Common Dividends Paid | - | - | - | - | -2.7 | -2.9 |
Dividends Paid | -1.8 | -2.2 | -1.2 | -2.2 | -3.9 | -2.9 |
Other Financing Activities | -3.5 | -0.7 | -0.5 | -16.2 | -2 | -11.9 |
Financing Cash Flow | -51.6 | -61.2 | -26.5 | -65.3 | 68.1 | 4.3 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -0.2 | 0.6 | -1.7 | -0.2 | -1.4 | -1.3 |
Miscellaneous Cash Flow Adjustments | 0.5 | - | - | - | - | 195.4 |
Net Cash Flow | 56.9 | 63.4 | -33 | 0.1 | 34.7 | 2.2 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 105.5 | 120 | -11.1 | 8.1 | -30.2 | 2.9 |
Free Cash Flow Growth | 531.74% | - | - | - | - | -87.55% |
Free Cash Flow Margin | 6.96% | 9.63% | -1.00% | 0.57% | -1.85% | 0.24% |
Free Cash Flow Per Share | 7.91 | 9.08 | -1.04 | 1.04 | -3.90 | 0.38 |
Levered Free Cash Flow | 111.08 | 127.11 | 35.34 | 20.21 | -36.23 | 638.34 |
Unlevered Free Cash Flow | 146.26 | 159.04 | 74.2 | 55.94 | -7.13 | 664.78 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 10.1 | 30 | 48.6 | 49 | 42.5 | 32.6 |
Cash Income Tax Paid | 4.4 | 6.4 | 3.5 | 6.7 | 5.9 | 5.4 |
Change in Working Capital | 121.9 | 151.2 | 12.1 | 28.1 | -20 | 13.4 |