INNOVATE Corp. Goodwill & Intangibles Disclosure
Infrastructure | Spectrum | Total | ||||||||||||||||||
Balance at December 31, 2023 | $ | 105.7 | $ | 21.4 | $ | 127.1 | ||||||||||||||
Translation adjustments | (0.4) | — | (0.4) | |||||||||||||||||
Balance as of December 31, 2024 | $ | 105.3 | $ | 21.4 | $ | 126.7 | ||||||||||||||
Translation adjustments | 0.3 | — | 0.3 | |||||||||||||||||
Balance as of December 31, 2025 | $ | 105.6 | $ | 21.4 | $ | 127.0 | ||||||||||||||
| December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
Federal Communications Commission ("FCC") licenses | $ | 107.9 | $ | 107.7 | ||||||||||
| Total | $ | 107.9 | $ | 107.7 | ||||||||||
| Weighted-Average Original Useful Life | December 31, 2025 | |||||||||||||||||||||||||
| Gross Carrying Amount | Accumulated Amortization | Net | ||||||||||||||||||||||||
| Trade names | 15 years | $ | 25.2 | $ | (12.6) | $ | 12.6 | |||||||||||||||||||
| Customer relationships and contracts | 11 years | 87.6 | (54.3) | 33.3 | ||||||||||||||||||||||
| Channel sharing arrangements | 35 years | 12.6 | (2.5) | 10.1 | ||||||||||||||||||||||
| Other | 10 years | 3.6 | (2.3) | 1.3 | ||||||||||||||||||||||
| Total | $ | 129.0 | $ | (71.7) | $ | 57.3 | ||||||||||||||||||||
| Weighted-Average Original Useful Life | December 31, 2024 | |||||||||||||||||||||||||
| Gross Carrying Amount | Accumulated Amortization | Net | ||||||||||||||||||||||||
| Trade names | 15 years | $ | 25.1 | $ | (11.0) | $ | 14.1 | |||||||||||||||||||
| Customer relationships and contracts | 11 years | 87.4 | (49.1) | 38.3 | ||||||||||||||||||||||
| Channel sharing arrangements | 35 years | 12.6 | (2.2) | 10.4 | ||||||||||||||||||||||
| Other | 10 years | 3.9 | (2.0) | 1.9 | ||||||||||||||||||||||
| Total | $ | 129.0 | $ | (64.3) | $ | 64.7 | ||||||||||||||||||||
| Estimated Amortization | ||||||||
2026 | $ | 6.7 | ||||||
| 2027 | 4.9 | |||||||
| 2028 | 4.9 | |||||||
| 2029 | 4.7 | |||||||
| 2030 | 4.5 | |||||||
| Thereafter | 31.6 | |||||||
| Total | $ | 57.3 | ||||||
Want the next INNOVATE Corp. goodwill & intangibles disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment INNOVATE Corp.'s next filing hits EDGAR. No credit card, your email never gets sold.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 26, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Mar 6, 2024 | |
| 2022 | Mar 14, 2023 | |
| 2021 | Mar 9, 2022 | |
| 2020 | Mar 10, 2021 | |
| 2019 | Mar 16, 2020 | |
| 2018 | Mar 12, 2019 | |
| 2017 | Mar 14, 2018 | |
| 2016 | Mar 9, 2017 | |
| 2015 | Mar 15, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.