Innovate Corp (VATE)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2025 | 12-2024 | 12-2023 | 12-2022 | 12-2021 | |
| Cash Flows From Operating Activities | |||||
| Net Income | -64,000 | -39,700 | -38,900 | -42,000 | -236,200 |
| Depreciation Amortization | 54,100 | 40,600 | 42,900 | 45,600 | 48,100 |
| Income taxes - deferred | -100 | 500 | -5,300 | 1,100 | 2,000 |
| Accounts receivable | -48,700 | 91,800 | -25,700 | -5,500 | -38,300 |
| Accounts payable and accrued liabilities | 57,100 | -57,200 | -60,200 | 21,700 | 57,900 |
| Other Working Capital | 151,200 | 12,100 | 28,100 | -20,000 | 13,400 |
| Other Operating Activity | -3,000 | -39,000 | 85,600 | -10,400 | 180,100 |
| Operating Cash Flow | $146,600 | $9,100 | $26,500 | $-9,500 | $27,000 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -24,700 | -8,900 | -16,800 | -18,700 | -10,900 |
| Net Acquisitions | -500 | -1,200 | N/A | N/A | -54,500 |
| Purchase Of Investment | -300 | -2,000 | N/A | N/A | N/A |
| Sale Of Investment | 2,900 | N/A | 59,200 | N/A | N/A |
| Other Investing Activity | 0 | -1,800 | -3,300 | -3,800 | -157,800 |
| Investing Cash Flow | $-22,600 | $-13,900 | $39,100 | $-22,500 | $-223,200 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 107,200 | 95,000 | 91,900 | 187,400 | 663,100 |
| Debt Repayment | -165,500 | -153,000 | -131,800 | -113,400 | -633,600 |
| Common Stock Issued | N/A | 33,200 | N/A | N/A | N/A |
| Dividend Paid | -2,200 | -1,200 | -2,200 | -5,200 | -2,900 |
| Other Financing Activity | -700 | -500 | -23,200 | -700 | -22,300 |
| Financing Cash Flow | $-61,200 | $-26,500 | $-65,300 | $68,100 | $4,300 |
| Exchange Rate Effect | 600 | -1,700 | -200 | -1,400 | -1,300 |
| Beginning Cash Position | 49,300 | 82,300 | 82,200 | 47,500 | 45,300 |
| End Cash Position | 112,700 | 49,300 | 82,300 | 82,200 | 47,500 |
| Net Cash Flow | $63,400 | $-33,000 | $100 | $34,700 | $2,200 |
| Free Cash Flow | |||||
| Operating Cash Flow | 146,600 | 9,100 | 26,500 | -9,500 | 27,000 |
| Capital Expenditure | -26,100 | -19,000 | -18,400 | -20,700 | -24,100 |
| Free Cash Flow | 120,500 | -9,900 | 8,100 | -30,200 | 2,900 |