INNOVATE CORP.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $112.1M | $48.8M | $80.8M | $80.4M | $45.5M | $43.8M | $23.3M | $300.7M |
| Accounts Receivable | $241.1M | $194.0M | $278.4M | $254.9M | $247.1M | $134.7M | $228.9M | $379.2M |
| Inventory | $16.0M | $20.8M | $22.4M | $18.9M | $17.0M | $9.9M | $10.7M | $21.3M |
| Total Current Assets | $451.5M | $390.9M | $517.9M | $536.4M | $442.6M | $6.23B | — | — |
| Property, Plant & Equipment | — | — | — | — | — | — | $405.8M | $376.3M |
| Goodwill | $127.0M | $126.7M | $127.1M | $127.1M | $127.4M | $111.0M | $110.4M | $150.9M |
| Intangible Assets (Excl. Goodwill) | $165.2M | $172.4M | $178.9M | $190.1M | $208.4M | $172.1M | $210.6M | $219.2M |
| Total Assets | $950.1M | $891.1M | $1.04B | $1.15B | $1.08B | $6.72B | $6.96B | $6.50B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | $1.03B | $483.0M | $413.8M | $417.2M | $439.5M | $5.93B | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $1.17B | $1.03B | $1.18B | $1.18B | $1.07B | $6.11B | $6.49B | $6.28B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-582.5M | $-521.9M | $-487.3M | $-452.1M | $-416.2M | $-188.7M | $-96.7M | $-57.2M |
| Total Stockholders' Equity | $-240.1M | $-180.4M | $-165.5M | $-121.3M | $-84.3M | $559.8M | $349.8M | $88.1M |