VATE Financial Statements

Balance sheet, income statement, cash flow, and dividends for Innovate Corp (VATE).


$97.46M Market Cap.

As of 03/06/2024 5:00 PM ET (MRY) • Disclaimer

VATE Market Cap. (MRY)


VATE Shares Outstanding (MRY)


VATE Assets (MRY)


Total Assets

$1.04B

Total Liabilities

$1.18B

Total Investments

$1.80M

VATE Income (MRY)


Revenue

$1.42B

Net Income

-$35.20M

Operating Expense

$189.50M

VATE Cash Flow (MRY)


CF Operations

$26.50M

CF Investing

$39.10M

CF Financing

-$65.30M

VATE Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$3.89

119.30%

0%

-206.91%

-0.48

2019

$0

0%

-

0%

-

VATE Balance Sheet (MRY)


Metric

2023

2022

2021

2020

Total Assets

$1,043,600,000 (-9.39%)

$1,151,700,000 (6.58%)

$1,080,600,000 (-83.93%)

$6,723,800,000 (-3.37%)

Assets Current

$517,900,000 (-3.45%)

$536,400,000 (21.19%)

$442,600,000 (-92.89%)

$6,227,300,000

Assets Non-Current

$525,700,000 (-14.56%)

$615,300,000 (-3.56%)

$638,000,000 (28.50%)

$496,500,000

Goodwill & Intangible Assets

$306,000,000 (-3.53%)

$317,200,000 (-5.54%)

$335,800,000 (18.62%)

$283,100,000 (-11.81%)

Shareholders Equity

-$165,500,000 (-36.44%)

-$121,300,000 (-43.89%)

-$84,300,000 (-115.06%)

$559,800,000 (60.03%)

Property Plant & Equipment Net

$154,600,000 (-6.30%)

$165,000,000 (-2.88%)

$169,900,000 (50.62%)

$112,800,000 (-12.90%)

Cash & Equivalents

$80,800,000 (0.12%)

$80,700,000 (69.89%)

$47,500,000 (4.86%)

$45,300,000 (-76.61%)

Accumulated Other Comprehensive Income

-$1,100,000 (-118.64%)

$5,900,000 (-7.81%)

$6,400,000 (-98.39%)

$396,900,000 (135.27%)

Deferred Revenue

$153,500,000 (55.68%)

$98,600,000 (24.65%)

$79,100,000 (138.25%)

$33,200,000 (0%)

Total Investments

$1,800,000 (-96.97%)

$59,500,000 (6.25%)

$56,000,000 (1.08%)

$55,400,000 (-98.74%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0

Investments Non-Current

$1,800,000 (-96.97%)

$59,500,000 (6.25%)

$56,000,000 (1.08%)

$55,400,000

Inventory

$22,400,000 (18.52%)

$18,900,000 (11.18%)

$17,000,000 (71.72%)

$9,900,000 (0%)

Trade & Non-Trade Receivables

$278,400,000 (9.22%)

$254,900,000 (3.16%)

$247,100,000 (83.44%)

$134,700,000 (-88.61%)

Trade & Non-Trade Payables

$142,900,000 (-29.43%)

$202,500,000 (13.00%)

$179,200,000 (157.10%)

$69,700,000 (-63.43%)

Accumulated Retained Earnings (Deficit)

-$487,300,000 (-7.79%)

-$452,100,000 (-8.63%)

-$416,200,000 (-120.56%)

-$188,700,000 (-95.14%)

Tax Assets

$2,000,000 (17.65%)

$1,700,000 (-43.33%)

$3,000,000 (0.00%)

$3,000,000 (7.14%)

Tax Liabilities

$4,100,000 (-54.95%)

$9,100,000 (0.00%)

$9,100,000 (30.00%)

$7,000,000 (-91.42%)

Total Debt

$709,800,000 (-0.64%)

$714,400,000 (14.07%)

$626,300,000 (11.54%)

$561,500,000 (-22.43%)

Debt Current

$30,500,000 (-0.33%)

$30,600,000 (-55.97%)

$69,500,000 (-83.97%)

$433,600,000

Debt Non-Current

$679,300,000 (-0.66%)

$683,800,000 (22.81%)

$556,800,000 (335.34%)

$127,900,000

Total Liabilities

$1,179,900,000 (-0.12%)

$1,181,300,000 (10.54%)

$1,068,700,000 (-82.50%)

$6,107,900,000 (-5.93%)

Liabilities Current

$413,800,000 (-0.81%)

$417,200,000 (-5.07%)

$439,500,000 (-92.59%)

$5,933,200,000

Liabilities Non-Current

$766,100,000 (0.26%)

$764,100,000 (21.44%)

$629,200,000 (260.16%)

$174,700,000

VATE Income Statement (MRY)


Metric

2023

2022

2021

2020

Revenues

$1,423,000,000 (-13.09%)

$1,637,300,000 (35.85%)

$1,205,200,000 (68.11%)

$716,900,000 (-33.44%)

Cost of Revenue

$1,207,000,000 (-14.75%)

$1,415,900,000 (38.61%)

$1,021,500,000 (73.58%)

$588,500,000 (-1.26%)

Selling General & Administrative Expense

$168,000,000 (-6.72%)

$180,100,000 (7.01%)

$168,300,000 (15.67%)

$145,500,000 (-17.94%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$189,500,000 (-8.89%)

$208,000,000 (7.05%)

$194,300,000 (23.99%)

$156,700,000 (-65.61%)

Interest Expense

$68,200,000 (31.15%)

$52,000,000 (-12.01%)

$59,100,000 (-20.99%)

$74,800,000 (-1.71%)

Income Tax Expense

$4,500,000 (400.00%)

$900,000 (-83.93%)

$5,600,000 (-20.00%)

$7,000,000 (135.71%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$149,900,000 (209.71%)

$48,400,000 (248.20%)

Consolidated Income

-$38,900,000 (7.38%)

-$42,000,000 (82.22%)

-$236,200,000 (-131.34%)

-$102,100,000 (-182.83%)

Net Income to Non-Controlling Interests

-$3,700,000 (39.34%)

-$6,100,000 (29.89%)

-$8,700,000 (13.86%)

-$10,100,000 (-119.57%)

Net Income

-$35,200,000 (1.95%)

-$35,900,000 (84.22%)

-$227,500,000 (-147.28%)

-$92,000,000 (-192.06%)

Preferred Dividends Income Statement Impact

$2,400,000 (-51.02%)

$4,900,000 (122.73%)

$2,200,000 (-38.89%)

$3,600,000 (0%)

Net Income Common Stock

-$37,600,000 (7.84%)

-$40,800,000 (82.24%)

-$229,700,000 (-140.27%)

-$95,600,000 (-203.49%)

Weighted Average Shares

$78,100,000 (0.77%)

$77,500,000 (0.52%)

$77,100,000 (53.28%)

$50,300,000 (12.28%)

Weighted Average Shares Diluted

$78,100,000 (0.77%)

$77,500,000 (0.52%)

$77,100,000 (53.28%)

$50,300,000 (12.28%)

Earning Before Interest & Taxes (EBIT)

$37,500,000 (120.59%)

$17,000,000 (110.44%)

-$162,800,000 (-1496.08%)

-$10,200,000 (-140.80%)

Gross Profit

$216,000,000 (-2.44%)

$221,400,000 (20.52%)

$183,700,000 (43.07%)

$128,400,000 (-73.31%)

Operating Income

$26,500,000 (97.76%)

$13,400,000 (226.42%)

-$10,600,000 (62.54%)

-$28,300,000 (-211.86%)

VATE Cash Flow Statement (MRY)


Metric

2023

2022

2021

2020

Net Cash Flow from Investing

$39,100,000 (273.78%)

-$22,500,000 (89.92%)

-$223,200,000 (-237.69%)

$162,100,000 (177.49%)

Net Cash Flow from Financing

-$65,300,000 (-195.89%)

$68,100,000 (1483.72%)

$4,300,000 (102.10%)

-$204,500,000 (-312.80%)

Net Cash Flow from Operations

$26,500,000 (378.95%)

-$9,500,000 (-135.19%)

$27,000,000 (-34.31%)

$41,100,000 (-22.74%)

Net Cash Flow / Change in Cash & Cash Equivalents

$100,000 (-99.71%)

$34,700,000 (1477.27%)

$2,200,000 (-89.32%)

$20,600,000 (122.94%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$8,000,000 (-94.57%)

$147,400,000 (2439.68%)

Net Cash Flow - Investment Acquisitions and Disposals

$55,200,000 (1326.67%)

-$4,500,000 (0%)

$0 (0%)

$86,100,000 (145.82%)

Capital Expenditure

-$16,800,000 (10.16%)

-$18,700,000 (-71.56%)

-$10,900,000 (-146.58%)

$23,400,000 (200.00%)

Issuance (Repayment) of Debt Securities

-$39,900,000 (-153.92%)

$74,000,000 (150.85%)

$29,500,000 (115.86%)

-$186,000,000 (-413.13%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$2,200,000 (57.69%)

-$5,200,000 (-79.31%)

-$2,900,000 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$200,000 (85.71%)

-$1,400,000 (-7.69%)

-$1,300,000 (-218.18%)

$1,100,000 (57.14%)

Share Based Compensation

$2,200,000 (-8.33%)

$2,400,000 (0.00%)

$2,400,000 (-17.24%)

$2,900,000 (-53.97%)

Depreciation Amortization & Accretion

$36,000,000 (-14.69%)

$42,200,000 (12.23%)

$37,600,000 (40.30%)

$26,800,000 (226.83%)

VATE Financial Metrics (MRY)


Metric

2023

2022

2021

2020

Gross Margin

15.20% (12.59%)

13.50% (-11.18%)

15.20% (-15.08%)

17.90% (-59.96%)

Profit Margin

-2.60% (-4.00%)

-2.50% (86.91%)

-19.10% (-43.61%)

-13.30% (-358.62%)

EBITDA Margin

5.20% (44.44%)

3.60% (134.62%)

-10.40% (-552.17%)

2.30% (-25.81%)

Return on Average Equity (ROAE)

24.40% (-33.33%)

36.60% (128.33%)

-129.20% (-327.81%)

-30.20% (-214.58%)

Return on Average Assets (ROAA)

-3.50% (2.78%)

-3.60% (38.98%)

-5.90% (-321.43%)

-1.40% (-180.00%)

Return on Sales (ROS)

2.60% (160.00%)

1.00% (107.41%)

-13.50% (-864.29%)

-1.40% (-160.87%)

Return on Invested Capital (ROIC)

4.00% (135.29%)

1.70% (111.81%)

-14.40% (-7100.00%)

-0.20% (-150.00%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

119.30% (0%)

Price to Earnings Ratio (P/E)

-2.56 (27.38%)

-3.53 (-184.06%)

-1.24 (28.37%)

-1.73 (44.06%)

Price to Sales Ratio (P/S)

0.07 (-23.60%)

0.09 (-62.45%)

0.24 (3.49%)

0.23 (154.44%)

Price to Book Ratio (P/B)

-0.59 (51.24%)

-1.21 (64.61%)

-3.41 (-1336.59%)

0.28 (-3.16%)

Debt to Equity Ratio (D/E)

-7.13 (26.80%)

-9.74 (23.18%)

-12.68 (-216.19%)

10.91 (-41.22%)

Earnings Per Share (EPS)

-0.48 (9.43%)

-0.53 (82.21%)

-2.98 (-58.51%)

-1.88 (-168.57%)

Sales Per Share (SPS)

18.22 (-13.76%)

21.13 (35.15%)

15.63 (9.68%)

14.25 (-40.72%)

Free Cash Flow Per Share (FCFPS)

0.12 (134.07%)

-0.36 (-274.16%)

0.21 (-83.70%)

1.28 (92.78%)

Book Value Per Share (BVPS)

-2.12 (-35.40%)

-1.56 (-43.18%)

-1.09 (-109.82%)

11.13 (42.53%)

Tangible Assets Book Value Per Share (TABVPS)

9.44 (-12.30%)

10.77 (11.47%)

9.66 (-92.46%)

128.05 (-13.57%)

Enterprise Value Over EBIT (EV/EBIT)

21 (-57.14%)

49 (916.67%)

-6 (90.32%)

-62 (-338.46%)

Enterprise Value Over EBITDA (EV/EBITDA)

10.77 (-23.17%)

14.01 (295.48%)

-7.17 (-118.68%)

38.38 (98.13%)

Asset Turnover

1.33 (-7.55%)

1.44 (368.83%)

0.31 (182.57%)

0.11 (-30.57%)

Current Ratio

1.25 (-2.64%)

1.29 (27.71%)

1.01 (-4.10%)

1.05

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$3.89 (0%)

Free Cash Flow (FCF)

$9,700,000 (134.40%)

-$28,200,000 (-275.16%)

$16,100,000 (-75.04%)

$64,500,000 (116.44%)

Enterprise Value (EV)

$791,359,039 (-4.61%)

$829,625,634 (-7.57%)

$897,542,029 (40.86%)

$637,171,676 (-0.93%)

Earnings Before Tax (EBT)

-$30,700,000 (12.29%)

-$35,000,000 (84.23%)

-$221,900,000 (-161.06%)

-$85,000,000 (-66.34%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$73,500,000 (24.16%)

$59,200,000 (147.28%)

-$125,200,000 (-854.22%)

$16,600,000 (-50.00%)

Invested Capital

$952,800,000 (-9.34%)

$1,051,000,000 (18.88%)

$884,100,000 (-13.64%)

$1,023,700,000 (-85.72%)

Working Capital

$104,100,000 (-12.67%)

$119,200,000 (3745.16%)

$3,100,000 (-98.95%)

$294,100,000

Tangible Asset Value

$737,600,000 (-11.61%)

$834,500,000 (12.04%)

$744,800,000 (-88.44%)

$6,440,700,000 (-2.96%)

Market Capitalization

$97,459,039 (-33.49%)

$146,525,634 (-49.08%)

$287,742,029 (86.40%)

$154,371,676 (54.87%)

Average Equity

-$153,850,000 (-37.89%)

-$111,575,000 (-162.74%)

$177,850,000 (-43.76%)

$316,250,000 (-3.99%)

Average Assets

$1,065,825,000 (-6.00%)

$1,133,875,000 (-71.01%)

$3,911,000,000 (-40.71%)

$6,596,150,000 (-3.95%)

Invested Capital Average

$944,700,000 (-6.28%)

$1,008,050,000 (-10.65%)

$1,128,150,000 (-78.63%)

$5,279,650,000 (-24.66%)

Shares

79,234,991 (1.12%)

78,355,954 (0.76%)

77,768,116 (64.23%)

47,353,275 (3.09%)