INNOVATE Corp.
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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.
FY2025 · Filed Mar 26, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Gain on step-up of equity method investment | $4.4 | $— |
| Net loss on repurchase or extinguishment of debt | (0.3) | (0.3) |
| Interest income | 0.7 | 2.6 |
| Foreign currency translation (losses) gains | (1.1) | 1.3 |
| Fair value gains (losses) on securities | 0.8 | (0.2) |
| Other | 0.2 | — |
| Total other income, net | $4.7 | $3.4 |
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash and cash equivalents, beginning 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, cash equivalents and restricted cash, beginning of the year | $49.3 | $82.3 |
| Cash and cash equivalents, end of the year | $112.1 | $48.8 |
| Restricted cash included in other current assets | — | — |
| Restricted cash included in other assets (non-current) | 0.6 | 0.5 |
| Total cash and cash equivalents and restricted cash, end of the year | $112.7 | $49.3 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $30.0 | $48.6 |
| Cash paid for income taxes, net | $6.4 | $3.5 |
| Non-cash investing and financing activities: | ||
| Accrued interest and fees capitalized into principal debt | $66.3 | $6.6 |
| Accrued dividends capitalized into principal debt | $0.5 | $— |
| Exchange of preferred stock for debt | $9.1 | $— |
| Property, plant and equipment included in accounts payable or accrued expenses | $0.8 | $0.5 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.