INNOVATE Corp.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(2) Supplementary Financial Information
- Supplementary Financial Information
Other income, net
The following table provides information relating to Other income, net (in millions):
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Gain on sale of investments | $— | $12.0 |
| Gain on step-up of equity method investment | — | 3.8 |
| Net loss on repurchase or extinguishment of debt | (0.3) | — |
| Interest income | 2.6 | 1.3 |
| Foreign currency translation gain (loss) | 1.3 | (0.4) |
| Other | (0.2) | — |
| Total other income, net | $3.4 | $16.7 |
Supplemental Cash Flow Information
The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the Consolidated Balance Sheets and Consolidated Statements of Cash Flows (in millions):
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash and cash equivalents, beginning of the year | $80.8 | $80.4 |
| Restricted cash included in other current assets | 0.9 | 0.3 |
| Restricted cash included in other assets (non-current) | 0.6 | 1.5 |
| Total cash, cash equivalents and restricted cash, beginning of the year | $82.3 | $82.2 |
| Cash and cash equivalents, end of the year | $48.8 | $80.8 |
| Restricted cash included in other current assets | — | 0.9 |
| Restricted cash included in other assets (non-current) | 0.5 | 0.6 |
| Total cash and cash equivalents and restricted cash, end of the year | $49.3 | $82.3 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $48.6 | $49.0 |
| Cash paid for income taxes, net of refunds | $3.5 | $6.7 |
| Non-cash investing and financing activities: | ||
| Unsecured note issued in connection with purchase of preferred stock and payment of dividends | $— | $35.1 |
| Accrued interest capitalized into principal debt | $6.6 | $1.3 |
| Property, plant and equipment included in accounts payable or accrued expenses | $0.5 | $0.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.