2021 Q4 Form 10-K Financial Statement

#000100683722000015 Filed on March 09, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $394.8M $1.205B $178.0M
YoY Change 121.8% 68.11% -163.87%
Cost Of Revenue $333.1M $1.022B $140.8M
YoY Change 136.58% 73.58% -137.01%
Gross Profit $61.70M $183.7M $37.20M
YoY Change 65.86% 43.07% -63.42%
Gross Profit Margin 15.63% 15.24% 20.9%
Selling, General & Admin $47.40M $168.3M $36.30M
YoY Change 30.58% 15.67% 8.36%
% of Gross Profit 76.82% 91.62% 97.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.60M $37.60M $6.600M
YoY Change 75.76% 40.3% -42.11%
% of Gross Profit 18.8% 20.47% 17.74%
Operating Expenses $54.80M $168.3M $34.20M
YoY Change 60.23% 15.67% -64.6%
Operating Profit $6.900M -$10.60M $3.000M
YoY Change 130.0% -62.54% -41.18%
Interest Expense -$10.50M $59.10M -$18.00M
YoY Change -41.67% -20.99% 9.09%
% of Operating Profit -152.17% -600.0%
Other Income/Expense, Net -$100.0K $4.300M -$3.800M
YoY Change -97.37% -93.79% -337.5%
Pretax Income -$3.700M -$80.70M -$11.70M
YoY Change -68.38% 72.81% -79.22%
Income Tax $1.800M $5.600M $3.300M
% Of Pretax Income
Net Earnings -$4.700M -$227.5M -$4.700M
YoY Change 0.0% 147.28% -85.03%
Net Earnings / Revenue -1.19% -18.88% -2.64%
Basic Earnings Per Share -$2.98
Diluted Earnings Per Share -$60.72K -$2.98 -$76.92K
COMMON SHARES
Basic Shares Outstanding 77.77M shares 77.10M shares 47.35M shares
Diluted Shares Outstanding 77.10M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.50M $45.50M $43.80M
YoY Change 3.88% 3.88% -99.04%
Cash & Equivalents $45.50M $45.50M $43.80M
Short-Term Investments
Other Short-Term Assets $10.90M $14.40M $8.700M
YoY Change 25.29% -99.76% -99.09%
Inventory $17.00M $17.00M $9.900M
Prepaid Expenses
Receivables $247.1M $128.3M $134.7M
Other Receivables $237.4M $237.4M $127.5M
Total Short-Term Assets $442.6M $442.6M $6.227B
YoY Change -92.89% -92.89% 7.9%
LONG-TERM ASSETS
Property, Plant & Equipment $239.5M $239.5M $112.8M
YoY Change 112.32% 56.95% -49.58%
Goodwill $127.4M $111.0M
YoY Change 14.77% 0.54%
Intangibles $208.4M $172.1M
YoY Change 21.09% -18.28%
Long-Term Investments $44.20M $56.00M $43.60M
YoY Change 1.38% 1.08% -35.98%
Other Assets $73.30M $6.700M $42.20M
YoY Change 73.7% 24.07% -76.74%
Total Long-Term Assets $638.0M $638.0M $496.5M
YoY Change 28.5% 28.5% -58.18%
TOTAL ASSETS
Total Short-Term Assets $442.6M $442.6M $6.227B
Total Long-Term Assets $638.0M $638.0M $496.5M
Total Assets $1.081B $1.081B $6.724B
YoY Change -83.93% -83.93% -3.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $179.2M $179.2M $69.70M
YoY Change 157.1% 157.1% 1.6%
Accrued Expenses $93.40M $108.5M $77.10M
YoY Change 21.14% 23.72% -35.8%
Deferred Revenue $79.10M $33.20M
YoY Change 138.25%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $69.50M $69.50M $433.6M
YoY Change -83.97% -83.97%
Total Short-Term Liabilities $439.5M $439.5M $5.933B
YoY Change -92.59% -92.59% 6.9%
LONG-TERM LIABILITIES
Long-Term Debt $556.8M $556.8M $127.9M
YoY Change 335.34% 335.34% -82.33%
Other Long-Term Liabilities $63.30M $63.30M $39.80M
YoY Change 59.05% 59.05% -71.05%
Total Long-Term Liabilities $63.30M $620.1M $39.80M
YoY Change 59.05% 269.77% -71.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $439.5M $439.5M $5.933B
Total Long-Term Liabilities $63.30M $620.1M $39.80M
Total Liabilities $1.069B $1.146B $6.108B
YoY Change -82.5% -81.38% -5.93%
SHAREHOLDERS EQUITY
Retained Earnings -$416.2M -$188.7M
YoY Change 120.56% 95.14%
Common Stock $330.7M $355.8M
YoY Change -7.05% 26.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.200M $4.200M
YoY Change 23.81% 27.27%
Treasury Stock Shares 1.389M shares 1.110M shares
Shareholders Equity -$84.30M -$65.50M $559.8M
YoY Change
Total Liabilities & Shareholders Equity $1.081B $1.081B $6.724B
YoY Change -83.93% -83.93% -3.37%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$4.700M -$227.5M -$4.700M
YoY Change 0.0% 147.28% -85.03%
Depreciation, Depletion And Amortization $11.60M $37.60M $6.600M
YoY Change 75.76% 40.3% -42.11%
Cash From Operating Activities $41.60M $27.00M -$95.90M
YoY Change -143.38% -34.31% -739.33%
INVESTING ACTIVITIES
Capital Expenditures -$9.100M $24.10M -$3.200M
YoY Change 184.37% 35.39% -122.86%
Acquisitions
YoY Change
Other Investing Activities $800.0K -$1.000M $94.90M
YoY Change -99.16% -80.0% -296.89%
Cash From Investing Activities -$8.300M -$223.2M $91.70M
YoY Change -109.05% -237.69% -247.43%
FINANCING ACTIVITIES
Cash Dividend Paid $2.900M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $458.1M
YoY Change 151.84%
Cash From Financing Activities -50.30M $4.300M 19.30M
YoY Change -360.62% -102.1% 114.44%
NET CHANGE
Cash From Operating Activities 41.60M $27.00M -95.90M
Cash From Investing Activities -8.300M -$223.2M 91.70M
Cash From Financing Activities -50.30M $4.300M 19.30M
Net Change In Cash -17.00M $2.200M 15.10M
YoY Change -212.58% -89.32% -139.53%
FREE CASH FLOW
Cash From Operating Activities $41.60M $27.00M -$95.90M
Capital Expenditures -$9.100M $24.10M -$3.200M
Free Cash Flow $50.70M $2.900M -$92.70M
YoY Change -154.69% -87.55% -9370.0%

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1. Organization and Business </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">INNOVATE Corp. ("INNOVATE", formerly known as HC2 Holdings, Inc.) and, together with its consolidated subsidiaries, the "Company", "we" and "our") is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. We seek to grow these businesses so that they can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. While the Company generally intends to acquire controlling equity interests in its operating subsidiaries, the Company may invest to a limited extent in a variety of debt instruments or noncontrolling equity interest positions. The Company’s shares of common stock trade on the NYSE under the symbol "VATE".</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company currently has three reportable segments, plus our Other segment, based on management’s organization of the enterprise: Infrastructure, Life Sciences, Spectrum, and Other which includes businesses that do not meet the separately reportable segment thresholds.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:107%">1.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:107%;padding-left:29.25pt">Our Infrastructure segment is comprised of DBM Global Inc. ("DBMG") and its wholly-owned subsidiaries. DBMG is a fully integrated Industrial Construction, Structural Steel and Facility Maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services and also fabricates trusses and girders and specializes in the fabrication and erection of large-diameter water pipe and water storage tanks, as well as 3-D Building Information Modeling (“BIM”) and detailing. DBMG provides these services on commercial, industrial, and infrastructure construction projects such as high- and low-rise buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills and power plants. Through GrayWolf, DBMG provides integrated solutions for digital engineering, modeling and detailing, construction, heavy equipment installation and facility services including maintenance, repair, and installation to a diverse range of end markets. Through Aitken Manufacturing, DBMG manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators and a variety of customized products. Through the recently acquired Banker Steel, DBMG provides full-service fabricated structural steel and erection services primarily for the East Coast and Southeast commercial and industrial construction market, in addition to full design-assist services. The Company maintains an approximately 91% controlling interest in DBMG.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:115%;padding-left:29.25pt">Our Life Sciences segment is comprised of Pansend Life Sciences, LLC ("Pansend"). Pansend maintains controlling interests of approximately 80% in Genovel Orthopedics, Inc. ("Genovel"), which seeks to develop products to treat early osteoarthritis of the knee and approximately 56% in R2 Technologies, Inc. ("R2"), which develops aesthetic and medical technologies for the skin. Pansend also invests in other early stage or developmental stage healthcare companies including an approximately 47% interest in MediBeacon Inc. ("MediBeacon"), and an approximately 26% interest in Triple Ring Technologies, Inc ("Triple Ring"). </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:29.25pt">Our Spectrum segment is comprised of HC2 Broadcasting Holdings Inc. ("Broadcasting") and its subsidiaries. Broadcasting strategically acquires and operates over-the-air broadcasting stations across the United States. In addition, Broadcasting, through its wholly-owned subsidiary, HC2 Network Inc. ("Network"), operates Azteca America, a Spanish-language broadcast network offering high quality Hispanic content to a diverse demographic across the United States. The Company maintains a 98% controlling interest in Broadcasting and maintains a controlling interest of approximately 77%, inclusive of approximately 10% proxy and voting rights from minority holders of DTV America Corporation ("DTV").</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:29.25pt">Our Other segment represents all other businesses or investments that do not meet the definition of a segment individually or in the aggregate. Included in the Other segment is the former Marine Services segment, which includes its holding company, Global Marine Holdings, LLC ("GMH"), in which the Company maintains approximately 73% controlling interest. GMH results include the current and prior year equity investment in HMN Technologies Co., Ltd. (“HMN”), its 19% equity method investment, and the discontinued operations of Global Marine Systems Limited ("GMSL"). Also included in the Other segment is the discontinued operations of Beyond6, Inc. ("Beyond6"), Continental Insurance Group ("CIG") and PTGi International Carrier Services, Inc. and its subsidiaries ("ICS").</span></div>
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
600000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of net revenue and expenses during the reporting period. Actual results may differ from these estimates. Significant estimates include allowance for doubtful accounts receivable, the extent of progress towards completion on contracts, contract revenue and costs on long-term contracts, valuation of certain investments and the insurance reserves, market assumptions used in estimating the fair values of certain assets and liabilities, the calculation used in determining the fair value of INNOVATE’s stock options required by ASC 718, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Compensation - Stock Compensation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> ("ASC 718"), income taxes and various other contingencies.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Estimates of fair value represent the Company’s best estimates developed with the assistance of independent appraisals or various valuation techniques and, where the foregoing have not yet been completed or are not available, industry data and trends and by reference to relevant market rates and transactions. The estimates and assumptions are inherently subject to significant uncertainties and contingencies beyond the </span></div>control of the Company. Accordingly, the Company cannot provide assurance that the estimates, assumptions, and values reflected in the valuations will be realized, and actual results could vary materially.
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk and of Significant Suppliers</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents, and accounts receivable. The Company maintains all cash and cash equivalents at accredited financial institutions, in amounts that exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company holds $4.7 million and $8.5 million cash in foreign accounts as of December 31, 2021 and 2020, respectively. The Company attempts to minimize the risks related to cash and cash equivalents by investing in a range of financial instruments as defined by the Company. Concentrations of credit risk with respect to accounts receivable are limited by the large number of customers comprising the Company's customer base and their geographic and business dispersion. The Company performs ongoing credit evaluations of the customers' financial condition and generally does not require collateral to support customer receivables. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">For the year ended December 31, 2021, one customer exceeded 10% of the Company's revenue and accounted for approximately 13.9%. No customers accounted for more than 10% of accounts receivable. For the fiscal year ended December 31, 2020, no customer accounted for more than 10% of the Company's revenue and no customers accounted for more than 10% of accounts receivable.</span></div>For the year ended December 31, 2021, one supplier accounted for more than 10% of the Company's accounts payable for approximately 15.1%. For the fiscal year ended December 31, 2020, no suppliers accounted for more than 10% of the Company's accounts payable.
CY2021Q4 hchc Cash And Cash Equivalents In Foreign Accounts
CashAndCashEquivalentsInForeignAccounts
4700000 USD
CY2020Q4 hchc Cash And Cash Equivalents In Foreign Accounts
CashAndCashEquivalentsInForeignAccounts
8500000 USD
CY2021 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-700000 USD
CY2020 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-2800000 USD
CY2021 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
CY2020 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
71200000 USD
CY2021 hchc Other Income Expense Net
OtherIncomeExpenseNet
5000000.0 USD
CY2020 hchc Other Income Expense Net
OtherIncomeExpenseNet
800000 USD
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4300000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
69200000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43800000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23300000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1500000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1400000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45300000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24700000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45500000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43800000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2000000.0 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1500000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47500000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45300000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
32600000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
65100000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5400000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
200000 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
1400000 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
4400000 USD
CY2021 hchc Increase Decrease In Accounts Payable Investments
IncreaseDecreaseInAccountsPayableInvestments
0 USD
CY2020 hchc Increase Decrease In Accounts Payable Investments
IncreaseDecreaseInAccountsPayableInvestments
17100000 USD
CY2021 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
40900000 USD
CY2020 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
0 USD
CY2021 hchc Noncash Or Part Noncash Extinguishment Of Convertible Note In Exchange
NoncashOrPartNoncashExtinguishmentOfConvertibleNoteInExchange
51800000 USD
CY2020 hchc Noncash Or Part Noncash Extinguishment Of Convertible Note In Exchange
NoncashOrPartNoncashExtinguishmentOfConvertibleNoteInExchange
0 USD
CY2021 us-gaap Notes Issued1
NotesIssued1
51800000 USD
CY2020 us-gaap Notes Issued1
NotesIssued1
0 USD
CY2021 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
6300000 USD
CY2021Q4 hchc Contract With Customer Asset Usual Maximum Percentage Of Payment Withheld
ContractWithCustomerAssetUsualMaximumPercentageOfPaymentWithheld
0.10
CY2020 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Certain previous year amounts have been reclassified to conform with current year presentations, as related to the reporting of new balance sheet line items:</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:14.85pt">The recast of Beyond6, ICS, and CIG's results to discontinued operations. Further, the reclassification of prior period assets and liabilities have been classified as held for sale. See Note 3. Discontinued Operations for further information;</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:14.85pt">As a result of the sale of ICS, and in accordance with ASC 280, the Company no longer considers the results of operations and balance sheets of the retained ICS entities as a separate segment. Formerly the Telecommunications segment, these entities have been reclassified to the Other segment. See Note 17. Operating Segment and Related Information for further information;</span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:14.85pt">As a result of the sale of Beyond6, and in accordance with ASC 280, the Company no longer considers the results of operations and balance sheets of Beyond6 as a separate segment. Formerly the Clean Energy segment, this entity has been reclassified to the Other segment. See Note 17. Operating Segment and Related Information for further information;</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:14.85pt">As a result of the sale of CIG, and in accordance with ASC 280, the Company no longer considers the results of operations and Balance Sheets of CIG as a separate segment. This entity has been reclassified to the Other segment. See Note 17. Operating Segment and Related Information for further information; and</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:14.85pt">The recast of prior year earnings per share as a result of the discontinued operations noted above. This includes presenting EPS for Net income (loss) from continuing operations, Net income (loss) from discontinuing operations, and Net income (loss). See Note 18. Basic and Diluted Income (Loss) Per Common Share</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">for further details.</span></div>
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1205200000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
716900000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
236500000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
125800000 USD
CY2021Q4 hchc Contract With Customer Asset Retainage Receivable Percent To Be Collected Beyond One Year
ContractWithCustomerAssetRetainageReceivablePercentToBeCollectedBeyondOneYear
0.246
CY2020Q4 hchc Contract With Customer Asset Retainage Receivable Percent To Be Collected Beyond One Year
ContractWithCustomerAssetRetainageReceivablePercentToBeCollectedBeyondOneYear
0.010
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
226800000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
118600000 USD
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
400000 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
300000 USD
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
9900000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
7500000 USD
CY2021Q4 us-gaap Other Receivables
OtherReceivables
10600000 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
8900000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
600000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
600000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
247100000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
134700000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
265000000.0 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
186300000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
95100000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
73500000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
169900000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
112800000 USD
CY2021 us-gaap Depreciation
Depreciation
25000000 USD
CY2020 us-gaap Depreciation
Depreciation
20800000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
200000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
900000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
111000000.0 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16700000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-300000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
127400000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
106500000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
113000000.0 USD
CY2021Q4 hchc Fcc License Renewal Weighted Average Period Until Next Renewal
FCCLicenseRenewalWeightedAveragePeriodUntilNextRenewal
P3Y
CY2020Q4 hchc Fcc License Renewal Weighted Average Period Until Next Renewal
FCCLicenseRenewalWeightedAveragePeriodUntilNextRenewal
P2Y4M24D
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
134200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
101900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
80100000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21000000.0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
59100000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12600000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
17200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
11400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8000000.0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6800000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
51200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
101900000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
630800000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
576600000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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4500000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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15100000 USD
CY2021Q4 us-gaap Long Term Debt Current
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69500000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
433600000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
556800000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
127900000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
100000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
115700000 USD
CY2021Q4 hchc Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year One
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearOne
115800000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
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0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
56400000 USD
CY2021Q4 hchc Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
56400000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
107500000 USD
CY2021Q4 hchc Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
107500000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
41300000 USD
CY2021Q4 hchc Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
41300000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
487300000 USD
CY2021Q4 hchc Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
487300000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2021Q4 hchc Long Term Debt And Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
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100000 USD
CY2021Q4 hchc Debt Including Interest Payable
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808200000 USD
CY2021Q4 hchc Long Term Debt And Lease Obligation Including Current Maturities And Interest
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808300000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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0 USD
CY2021Q4 hchc Long Term Debt Maturities Interest Included In Payments
LongTermDebtMaturitiesInterestIncludedInPayments
177500000 USD
CY2021Q4 hchc Long Term Debt And Lease Obligations Maturities Interest Included In Payments
LongTermDebtAndLeaseObligationsMaturitiesInterestIncludedInPayments
177500000 USD
CY2021Q4 us-gaap Finance Lease Liability
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100000 USD
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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630700000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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630800000 USD
CY2019Q4 us-gaap Class Of Warrant Or Right Outstanding
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50000 shares
CY2019Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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176.4
CY2019Q4 us-gaap Warrants And Rights Outstanding
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8800000 USD
CY2019Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2021Q4 hchc Costs Incurred On Contracts In Progress
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2161500000 USD
CY2020Q4 hchc Costs Incurred On Contracts In Progress
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752900000 USD
CY2021Q4 hchc Estimated Earnings On Contracts
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316400000 USD
CY2020Q4 hchc Estimated Earnings On Contracts
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139000000.0 USD
CY2021Q4 hchc Cost Earned On Uncompleted Contracts Gross
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2477900000 USD
CY2020Q4 hchc Cost Earned On Uncompleted Contracts Gross
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891900000 USD
CY2021Q4 hchc Progress Billing On Contract
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2438400000 USD
CY2020Q4 hchc Progress Billing On Contract
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838500000 USD
CY2021Q4 hchc Cost Earned On Uncompleted Contracts Net
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39500000 USD
CY2020Q4 hchc Cost Earned On Uncompleted Contracts Net
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53400000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
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118600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
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86600000 USD
CY2021Q4 us-gaap Contract With Customer Liability
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79100000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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33200000 USD
CY2021Q4 hchc Contract With Customer Net Asset Liability
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39500000 USD
CY2020Q4 hchc Contract With Customer Net Asset Liability
ContractWithCustomerNetAssetLiability
53400000 USD
CY2021Q4 us-gaap Inventory Raw Materials
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14300000 USD
CY2020Q4 us-gaap Inventory Raw Materials
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8700000 USD
CY2021Q4 us-gaap Inventory Work In Process
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1200000 USD
CY2020Q4 us-gaap Inventory Work In Process
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0 USD
CY2021Q4 us-gaap Inventory Finished Goods
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1500000 USD
CY2020Q4 us-gaap Inventory Finished Goods
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1200000 USD
CY2021Q4 us-gaap Inventory Net
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17000000.0 USD
CY2020Q4 us-gaap Inventory Net
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9900000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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11800000 USD
CY2021Q4 us-gaap Equity Method Investments
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44200000 USD
CY2021Q4 us-gaap Investments
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56000000.0 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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11800000 USD
CY2020Q4 us-gaap Equity Method Investments
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43600000 USD
CY2020Q4 us-gaap Investments
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55400000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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4500000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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15100000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
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-2800000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3400000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
69600000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
39800000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
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3700000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
2400000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
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73300000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
42200000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
24500000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
27900000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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38900000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
34700000 USD
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
29600000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
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13900000 USD
CY2021Q4 us-gaap Accrued Income Taxes
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400000 USD
CY2020Q4 us-gaap Accrued Income Taxes
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600000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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93400000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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77100000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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58500000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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31600000 USD
CY2021Q4 hchc Other Liabilities Noncurrent Other
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4800000 USD
CY2020Q4 hchc Other Liabilities Noncurrent Other
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8200000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
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63300000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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39800000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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69600000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
39800000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
200000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
900000 USD
CY2021Q4 hchc Lease Right Of Use Asset
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69800000 USD
CY2020Q4 hchc Lease Right Of Use Asset
LeaseRightOfUseAsset
40700000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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15500000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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11200000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
58500000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
31600000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
100000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
800000 USD
CY2021Q4 hchc Lease Liability
LeaseLiability
74100000 USD
CY2020Q4 hchc Lease Liability
LeaseLiability
43600000 USD
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2100000 USD
CY2021 us-gaap Short Term Lease Cost
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19200000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
18000000 USD
CY2021Q4 us-gaap Short Term Lease Commitment Amount
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9900000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
800000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
900000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
100000 USD
CY2021 hchc Finance Lease Cost
FinanceLeaseCost
800000 USD
CY2020 hchc Finance Lease Cost
FinanceLeaseCost
1000000.0 USD
CY2021 us-gaap Operating Lease Cost
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21700000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
14000000.0 USD
CY2021 us-gaap Variable Lease Cost
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500000 USD
CY2020 us-gaap Variable Lease Cost
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200000 USD
CY2021 us-gaap Sublease Income
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500000 USD
CY2020 us-gaap Sublease Income
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0 USD
CY2021 us-gaap Lease Cost
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22500000 USD
CY2020 us-gaap Lease Cost
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15200000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
100000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
700000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
700000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
21900000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
13900000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
100000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
100000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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48300000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15600000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y1M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.090
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18700000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
100000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16400000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11600000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8300000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5500000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
30700000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91200000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
100000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17200000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 USD
CY2021Q4 us-gaap Operating Lease Liability
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74000000.0 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
100000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
100000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-10600000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1800000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1500000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1800000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9500000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3700000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
400000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
800000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3100000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
200000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
100000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
900000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3400000 USD
CY2021 hchc Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
1900000 USD
CY2020 hchc Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
6600000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5600000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000.0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-89700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-125000000.0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
9000000.0 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
78300000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-80700000 USD
CY2020 hchc Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
200000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-46700000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-17000000.0 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-9800000 USD
CY2021 hchc Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
400000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1600000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6900000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
400000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
200000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
400000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1200000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-600000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
24300000 USD
CY2021 hchc Income Tax Reconciliation Transaction Costs
IncomeTaxReconciliationTransactionCosts
500000 USD
CY2020 hchc Income Tax Reconciliation Transaction Costs
IncomeTaxReconciliationTransactionCosts
500000 USD
CY2020 hchc Effective Income Tax Rate Reconciliation Withholding Tax Expense
EffectiveIncomeTaxRateReconciliationWithholdingTaxExpense
7300000 USD
CY2021 hchc Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
3300000 USD
CY2020 hchc Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
5600000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
20200000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-3000000.0 USD
CY2021 hchc Effective Income Tax Rate Reconciliation Transition To The Coronavirus Aid Relief And Economic Security Act
EffectiveIncomeTaxRateReconciliationTransitionToTheCoronavirusAidReliefAndEconomicSecurityAct
0 USD
CY2020 hchc Effective Income Tax Rate Reconciliation Transition To The Coronavirus Aid Relief And Economic Security Act
EffectiveIncomeTaxRateReconciliationTransitionToTheCoronavirusAidReliefAndEconomicSecurityAct
-10900000 USD
CY2021 hchc Effective Income Tax Rate Reconciliation Withholding Tax Expense
EffectiveIncomeTaxRateReconciliationWithholdingTaxExpense
0 USD
CY2021 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
0 USD
CY2020 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
-5800000 USD
CY2021 hchc Effective Income Tax Rate Reconciliation Outside Basis Difference
EffectiveIncomeTaxRateReconciliationOutsideBasisDifference
900000 USD
CY2020 hchc Effective Income Tax Rate Reconciliation Outside Basis Difference
EffectiveIncomeTaxRateReconciliationOutsideBasisDifference
-900000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
0 USD
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
2200000 USD
CY2021 hchc Effective Income Tax Rate Reconciliation Aoci Recycling
EffectiveIncomeTaxRateReconciliationAOCIRecycling
0 USD
CY2020 hchc Effective Income Tax Rate Reconciliation Aoci Recycling
EffectiveIncomeTaxRateReconciliationAOCIRecycling
2100000 USD
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1600000 USD
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1300000 USD
CY2021 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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1100000 USD
CY2020 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
600000 USD
CY2021 hchc Effective Income Tax Rate Reconciliation Derivative
EffectiveIncomeTaxRateReconciliationDerivative
-1800000 USD
CY2020 hchc Effective Income Tax Rate Reconciliation Derivative
EffectiveIncomeTaxRateReconciliationDerivative
0 USD
CY2021 us-gaap Income Tax Expense Benefit
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5600000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000.0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5600000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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63800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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77000000.0 USD
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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700000 USD
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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800000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
6700000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
6600000 USD
CY2021Q4 hchc Deferred Tax Assets Interest Limitation Carryforward
DeferredTaxAssetsInterestLimitationCarryforward
58100000 USD
CY2020Q4 hchc Deferred Tax Assets Interest Limitation Carryforward
DeferredTaxAssetsInterestLimitationCarryforward
58600000 USD
CY2021Q4 hchc Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
20900000 USD
CY2020Q4 hchc Deferred Tax Assets Operating Lease Liability
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13000000.0 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
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13400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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20500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
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163600000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
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176500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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102800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
115500000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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60800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
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61000000.0 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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14100000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
22100000 USD
CY2021Q4 hchc Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
19800000 USD
CY2020Q4 hchc Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
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-229700000 USD
CY2020 hchc Undistributed Earnings Loss Available To Common Shareholders Basic And Diluted
UndistributedEarningsLossAvailableToCommonShareholdersBasicAndDiluted
-94800000 USD
CY2021 hchc Effect On Basic And Diluted Earnings Convertible Instruments
EffectOnBasicAndDilutedEarningsConvertibleInstruments
0 USD
CY2020 hchc Effect On Basic And Diluted Earnings Convertible Instruments
EffectOnBasicAndDilutedEarningsConvertibleInstruments
0 USD
CY2021 us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-80700000 USD
CY2020 us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-62700000 USD
CY2021 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
-149000000.0 USD
CY2020 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
-32100000 USD
CY2021 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-229700000 USD
CY2020 us-gaap Undistributed Earnings Loss Available To Common Shareholders Diluted
UndistributedEarningsLossAvailableToCommonShareholdersDiluted
-94800000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77100000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50300000 shares
CY2021 hchc Effecton Basic And Diluted Earnings Optionsand Restrictive Stock Units
EffectonBasicAndDilutedEarningsOptionsandRestrictiveStockUnits
0 shares
CY2020 hchc Effecton Basic And Diluted Earnings Optionsand Restrictive Stock Units
EffectonBasicAndDilutedEarningsOptionsandRestrictiveStockUnits
0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77100000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50300000 shares
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.05
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.25
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.05
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.25
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-1.93
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.63
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-1.93
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.63
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.98
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.88
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.98
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.88

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