INNOVATE Corp.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
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(2) Supplementary Financial Information
- Supplementary Financial Information
Other income, net
The following table provides information relating to Other income, net (in millions):
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Gain on step-up of equity method investment | $— | $— | $— | $4.4 |
| Interest income | 0.5 | 0.1 | 0.9 | 0.5 |
| Foreign currency translation losses | (0.1) | (0.5) | (0.4) | (0.9) |
| Unrealized fair value (loss) gain on securities | (0.1) | 0.3 | (0.1) | 0.5 |
| Other | (0.1) | 0.1 | 0.1 | (0.5) |
| Total other income, net | $0.2 | $— | $0.5 | $4.0 |
Supplemental Cash Flow Information
The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows (in millions):
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash and cash equivalents, beginning of the period | $108.2 | $41.8 |
| Restricted cash included in other assets (non-current) | 0.6 | 0.5 |
| Total cash, cash equivalents and restricted cash, beginning of the period | $108.8 | $42.3 |
| Cash and cash equivalents, end of the period | $87.8 | $27.8 |
| Restricted cash included in other assets (non-current) | 0.6 | 0.6 |
| Total cash and cash equivalents and restricted cash, end of the period | $88.4 | $28.4 |
| Cash and cash equivalents classified in Assets held for sale, beginning of period | $3.8 | $7.0 |
| Restricted cash classified in Assets held for sale | 0.1 | — |
| Total cash and cash equivalents and restricted cash classified in Assets held for sale | $3.9 | $7.0 |
| Cash and cash equivalents classified in Assets held for sale, end of period | $2.0 | $5.6 |
| Restricted cash classified in Assets held for sale | — | — |
| Total cash and cash equivalents and restricted cash classified in Assets held for sale | $2.0 | $5.6 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $3.9 | $23.8 |
| Cash paid for income taxes, net of refunds | $1.6 | $3.6 |
| Non-cash investing and financing activities: | ||
| Accrued interest and fees capitalized into principal debt (1) | $29.0 | $2.5 |
| Property, plant and equipment included in accounts payable or accrued expenses (2) | $1.6 | $0.7 |
(1) Includes accrued interest of $0.8 million capitalized into principal debt for the Bridge Loan Facility for the six months ended June 30, 2026.
(2) Includes property, plant and equipment included in accounts payable or accrued expenses for our Spectrum segment of $0.3 million and $0.2 million for the six months ended June 30, 2026 and 2025, respectively.
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