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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Revenue $ 1,205.2 $ 716.9
Cost of revenue 1,021.5 588.5
Gross profit 183.7 128.4
Operating expenses:    
Selling, general and administrative 168.3 145.5
Depreciation and amortization 25.4 17.7
Other operating loss (gain) 0.6 (6.5)
Loss from operations (10.6) (28.3)
Other (expense) income:    
Interest expense (59.1) (74.8)
Loss on early extinguishment or restructuring of debt (12.5) (9.4)
Loss from equity investees (2.8) (3.4)
Other income 4.3 69.2
Loss from continuing operations before income taxes (80.7) (46.7)
Income tax expense (5.6) (7.0)
Loss from continuing operations (86.3) (53.7)
Loss from discontinued operations (including loss on sale of $159.9 million and $44.1 million for the years ended December 31, 2021 and 2020, respectively) (149.9) (48.4)
Net loss (236.2) (102.1)
Net loss attributable to noncontrolling interest and redeemable noncontrolling interest 8.7 10.1
Net loss attributable to INNOVATE Corp. (227.5) (92.0)
Less: Preferred dividends and deemed dividends from conversions 2.2 3.6
Net loss attributable to common stock and participating preferred stockholders $ (229.7) $ (95.6)
Loss per common share - continuing operations    
Basic (in usd per share) $ (1.05) $ (1.25)
Diluted (in usd per share) (1.05) (1.25)
Loss per common share - discontinued operations    
Basic (in usd per share) (1.93) (0.63)
Diluted (in usd per share) (1.93) (0.63)
Loss per share - Net loss attributable to common stock and participating preferred stockholders    
Basic (in usd per share) (2.98) (1.88)
Diluted (in usd per share) $ (2.98) $ (1.88)
Weighted average common shares outstanding:    
Basic (in shares) 77.1 50.3
Diluted (in shares) 77.1 50.3