Supplementary Financial Information (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following table provides information relating to Other income, net (in millions):


	Three Months Ended March 31,
	2026		2025

Gain on step-up of equity method investment	$	—	$	4.4

Interest income	0.4		0.4
Foreign currency translation losses	(0.3)		(0.4)
Unrealized fair value gain on securities	—		0.2
Other	0.2		(0.6)
Total other income, net	$	0.3	$	4.0

Schedule of Restricted Cash and Cash Equivalents

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):


	Three Months Ended March 31,
	2026		2025
Cash and cash equivalents, beginning of the period	$	112.1	$	48.8

Restricted cash included in other assets (non-current)	0.6		0.5
Total cash, cash equivalents and restricted cash, beginning of the period	$	112.7	$	49.3

Cash and cash equivalents, end of the period	$	134.6	$	33.3

Restricted cash included in other assets (non-current)	0.6		0.6
Total cash and cash equivalents and restricted cash, end of the period	$	135.2	$	33.9









Supplemental cash flow information:
Cash paid for interest	$	2.1	$	19.5
Cash paid for income taxes, net of refunds	$	—	$	0.8

Non-cash investing and financing activities:
Accrued interest and fees capitalized into principal debt	$	24.8	$	1.2


Property, plant and equipment included in accounts payable or accrued expenses	$	3.2	$	1.1

Schedule of Cash and Cash Equivalents


	Three Months Ended March 31,
	2026		2025
Cash and cash equivalents, beginning of the period	$	112.1	$	48.8

Restricted cash included in other assets (non-current)	0.6		0.5
Total cash, cash equivalents and restricted cash, beginning of the period	$	112.7	$	49.3

Cash and cash equivalents, end of the period	$	134.6	$	33.3

Restricted cash included in other assets (non-current)	0.6		0.6
Total cash and cash equivalents and restricted cash, end of the period	$	135.2	$	33.9









Supplemental cash flow information:
Cash paid for interest	$	2.1	$	19.5
Cash paid for income taxes, net of refunds	$	—	$	0.8

Non-cash investing and financing activities:
Accrued interest and fees capitalized into principal debt	$	24.8	$	1.2


Property, plant and equipment included in accounts payable or accrued expenses	$	3.2	$	1.1

INNOVATE Corp. 10-Q