INNOVATE Corp
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
VATE$5.11-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Deficit
| Common Stock · Additional Paid-In Capital · Treasury Stock · Accumulated Deficit · Accumulated Comprehensive Income (Loss) (a) · Total INNOVATE Stockholders' (Deficit) Equity · Non-controlling Interest · Total Stockholders' (Deficit) Equity · Temporary Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | ||||||||||
| Balance as of December 31, 2021 | 77.8 | 0.1 | $330.6 | $(5.2) | $(416.2) | $6.4 | $(84.3) | $28.1 | $(56.2) | $68.1 |
| Share-based compensation | — | — | 2.4 | — | — | — | 2.4 | — | 2.4 | — |
| Fair value adjustment to redeemable non-controlling interest | — | — | 0.2 | — | — | — | 0.2 | — | 0.2 | (0.2) |
| Taxes paid in lieu of shares issued for share-based compensation | — | — | — | (0.1) | — | — | (0.1) | — | (0.1) | — |
| Stock dividends | — | — | (2.7) | — | — | — | (2.7) | (1.3) | (4.0) | (1.2) |
| Issuance of common stock | 1.0 | — | — | — | — | — | — | — | — | — |
| Spectrum warrant modification | — | — | — | — | — | — | — | 3.1 | 3.1 | — |
| Issuance of preferred stock for dividend | — | — | (0.9) | — | — | — | (0.9) | — | (0.9) | 0.9 |
| Transactions with non-controlling interests | — | — | 0.2 | — | — | — | 0.2 | (0.2) | — | 0.2 |
| Other | — | — | 0.3 | — | — | — | 0.3 | — | 0.3 | — |
| Net (loss) income | — | — | — | — | (35.9) | — | (35.9) | 0.8 | (35.1) | (6.9) |
| Other comprehensive (loss) income | — | — | — | — | — | (0.5) | (0.5) | 0.2 | (0.3) | 0.1 |
| Balance as of December 31, 2022 | 78.8 | 0.1 | $330.1 | $(5.3) | $(452.1) | $5.9 | $(121.3) | $30.7 | $(90.6) | $61.0 |
| Share-based compensation | — | — | 2.2 | — | — | — | 2.2 | — | 2.2 | — |
| Taxes paid in lieu of shares issued for share-based compensation | (0.1) | — | — | (0.1) | — | — | (0.1) | — | (0.1) | — |
| Preferred stock dividends | — | — | (1.3) | — | — | — | (1.3) | — | (1.3) | (1.3) |
| Issuance of common stock | 0.5 | — | — | — | — | — | — | — | — | — |
| Distributions to non-controlling interests | — | — | — | — | — | — | — | (10.7) | (10.7) | (5.2) |
| Transactions with non-controlling interests | — | — | (2.8) | — | — | — | (2.8) | 2.9 | 0.1 | — |
| Other | — | — | — | — | — | — | — | (9.0) | (9.0) | 9.0 |
| DBMGi preferred stock liability repurchase | — | — | — | — | — | — | — | — | — | (41.8) |
| Net (loss) income | — | — | — | — | (35.2) | — | (35.2) | 2.2 | (33.0) | (5.9) |
| Other comprehensive loss | — | — | — | — | — | (7.0) | (7.0) | (2.3) | (9.3) | (0.4) |
| Balance as of December 31, 2023 | 79.2 | 0.1 | $328.2 | $(5.4) | $(487.3) | $(1.1) | $(165.5) | $13.8 | $(151.7) | $15.4 |
(a) Inclusive of other comprehensive (loss) income, foreign currency cumulative translation adjustments totaled a loss of $2.4 million and income of $4.6 million as of December 31, 2023 and 2022, respectively.
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