INNOVATE Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-60.6M | $-34.6M | $-35.2M | $-35.9M | $-227.5M | $-92.0M | $-31.5M | $162.0M |
| Depreciation & Amortization | $30.4M | $32.9M | $36.0M | $42.2M | $37.6M | $26.8M | $8.2M | $38.7M |
| Depreciation | $22.9M | $25.0M | $24.9M | $25.6M | $25.0M | $20.8M | $21.6M | $46.6M |
| Amortization | $7.5M | $7.9M | $11.1M | $16.6M | $12.6M | $6.0M | $9.9M | $4.9M |
| Stock-Based Compensation | $2.7M | $3.4M | $2.2M | $2.4M | $2.4M | $2.9M | $6.3M | $9.0M |
| Net Cash from Operating Activities | $146.6M | $9.1M | $26.5M | $-9.5M | $27.0M | $41.1M | $110.7M | $341.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $500.0K | $19.0M | $18.4M | $20.7M | $24.1M | $17.8M | $24.7M | $39.7M |
| Business Acquisitions | — | — | — | $0 | $128.5M | $0 | — | — |
| Net Cash from Investing Activities | $-22.6M | $-13.9M | $39.1M | $-22.5M | $-223.2M | $162.1M | $-263.6M | $-224.6M |
| Financing Activities | ||||||||
| Dividends Paid | $2.2M | $1.2M | $2.2M | $5.2M | $2.9M | — | — | $500.0K |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-61.2M | $-26.5M | $-65.3M | $68.1M | $4.3M | $-204.5M | $62.4M | $115.2M |
| Net Change in Cash | $63.4M | $-33.0M | $100.0K | $34.7M | $2.2M | $20.6M | $-110.7M | $231.5M |
| Free Cash Flow | $146.1M | $-9.9M | $8.1M | $-30.2M | $2.9M | $23.3M | $86.0M | $301.7M |