2024 Q1 Form 10-K Financial Statement

#000100683724000023 Filed on March 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $315.2M $361.0M $1.423B
YoY Change -0.85% -11.8% -13.09%
Cost Of Revenue $266.6M $299.9M $1.207B
YoY Change -2.81% -13.42% -14.75%
Gross Profit $48.60M $61.10M $216.0M
YoY Change 11.47% -2.86% -2.44%
Gross Profit Margin 15.42% 16.93% 15.18%
Selling, General & Admin $39.50M $41.50M $168.0M
YoY Change -5.28% -16.67% -6.72%
% of Gross Profit 81.28% 67.92% 77.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.400M $8.300M $36.00M
YoY Change -17.65% -20.19% -14.69%
% of Gross Profit 17.28% 13.58% 16.67%
Operating Expenses $39.50M $46.60M $168.0M
YoY Change -5.28% -17.08% -6.72%
Operating Profit $2.800M $14.50M $26.50M
YoY Change -170.0% 116.42% 97.76%
Interest Expense $17.20M -$22.80M $68.20M
YoY Change 10.26% 78.13% 31.15%
% of Operating Profit 614.29% -157.24% 257.36%
Other Income/Expense, Net -$1.200M -$500.0K $16.70M
YoY Change -107.27% -70.59% -1491.67%
Pretax Income -$16.80M -$9.300M -$34.40M
YoY Change 136.62% 16.25% -16.3%
Income Tax $3.300M $1.300M $4.500M
% Of Pretax Income
Net Earnings -$17.40M -$9.600M -$35.20M
YoY Change 93.33% 37.14% -1.95%
Net Earnings / Revenue -5.52% -2.66% -2.47%
Basic Earnings Per Share -$0.22 -$0.48
Diluted Earnings Per Share -$0.22 -$0.12 -$0.48
COMMON SHARES
Basic Shares Outstanding 79.23M shares 79.23M shares 78.10M shares
Diluted Shares Outstanding 78.70M shares 78.10M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $38.40M $80.80M $80.80M
YoY Change 131.33% 0.5% 0.5%
Cash & Equivalents $38.40M $80.80M $80.80M
Short-Term Investments
Other Short-Term Assets $13.10M $14.60M $17.70M
YoY Change -10.88% -13.1% 3.51%
Inventory $21.80M $22.40M $22.40M
Prepaid Expenses $10.40M $11.20M
Receivables $269.3M $278.4M $120.1M
Other Receivables $400.0K $400.0K $276.9M
Total Short-Term Assets $428.6M $517.9M $517.9M
YoY Change -11.9% -3.45% -3.45%
LONG-TERM ASSETS
Property, Plant & Equipment $203.8M $212.6M $212.6M
YoY Change -10.81% -7.89% -7.89%
Goodwill $126.9M $127.1M
YoY Change -0.08% 0.0%
Intangibles $177.1M $178.9M
YoY Change -4.84% -5.89%
Long-Term Investments $1.800M $900.0K $1.800M
YoY Change -41.94% -97.94% -96.97%
Other Assets $60.40M $61.30M $5.300M
YoY Change -15.05% -14.74% -32.05%
Total Long-Term Assets $514.9M $525.7M $525.7M
YoY Change -7.66% -14.56% -14.56%
TOTAL ASSETS
Total Short-Term Assets $428.6M $517.9M $517.9M
Total Long-Term Assets $514.9M $525.7M $525.7M
Total Assets $943.5M $1.044B $1.044B
YoY Change -9.64% -9.39% -9.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $122.9M $142.9M $142.9M
YoY Change -26.41% -29.43% -29.43%
Accrued Expenses $50.50M $70.80M $83.90M
YoY Change 12.22% 8.26% 2.19%
Deferred Revenue $125.4M $153.5M
YoY Change 19.54% 55.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $34.20M $30.50M $30.50M
YoY Change 3.95% -0.33% -0.33%
Total Short-Term Liabilities $349.0M $413.8M $413.8M
YoY Change -6.81% -0.81% -0.81%
LONG-TERM LIABILITIES
Long-Term Debt $641.5M $679.3M $679.3M
YoY Change -3.43% -0.66% -0.66%
Other Long-Term Liabilities $83.40M $82.70M $82.70M
YoY Change -22.49% 16.15% 16.15%
Total Long-Term Liabilities $83.40M $82.70M $762.0M
YoY Change -22.49% 16.15% 0.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $349.0M $413.8M $413.8M
Total Long-Term Liabilities $83.40M $82.70M $762.0M
Total Liabilities $1.078B $1.180B $1.193B
YoY Change -6.26% -0.12% -4.99%
SHAREHOLDERS EQUITY
Retained Earnings -$504.7M -$487.3M
YoY Change 9.46% 7.79%
Common Stock $327.8M $328.3M
YoY Change 0.28% -0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$184.4M -$165.5M -$149.1M
YoY Change
Total Liabilities & Shareholders Equity $943.5M $1.044B $1.044B
YoY Change -9.64% -9.39% -9.39%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$17.40M -$9.600M -$35.20M
YoY Change 93.33% 37.14% -1.95%
Depreciation, Depletion And Amortization $8.400M $8.300M $36.00M
YoY Change -17.65% -20.19% -14.69%
Cash From Operating Activities -$25.40M $61.20M $26.50M
YoY Change -67.01% -2.39% -378.95%
INVESTING ACTIVITIES
Capital Expenditures $5.600M $4.500M $18.40M
YoY Change 51.35% 2.27% -11.11%
Acquisitions
YoY Change
Other Investing Activities -$400.0K $2.400M -$700.0K
YoY Change 0.0% 1100.0% 0.0%
Cash From Investing Activities -$3.300M -$2.100M $39.10M
YoY Change -106.45% -50.0% -273.78%
FINANCING ACTIVITIES
Cash Dividend Paid $300.0K $2.200M
YoY Change -75.0% -57.69%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $37.10M
YoY Change 31.1%
Cash From Financing Activities -$12.90M -34.70M -$65.30M
YoY Change -66.05% 580.39% -195.89%
NET CHANGE
Cash From Operating Activities -$25.40M 61.20M $26.50M
Cash From Investing Activities -$3.300M -2.100M $39.10M
Cash From Financing Activities -$12.90M -34.70M -$65.30M
Net Change In Cash -$42.40M 24.40M $100.0K
YoY Change -33.96% -54.31% -99.71%
FREE CASH FLOW
Cash From Operating Activities -$25.40M $61.20M $26.50M
Capital Expenditures $5.600M $4.500M $18.40M
Free Cash Flow -$31.00M $56.70M $8.100M
YoY Change -61.59% -2.74% -126.82%

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CY2023 us-gaap Nature Of Operations
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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" 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 non-controlling equity interest positions or debt instruments. The Company’s shares of common stock trade on the New York Stock Exchange ("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:120%">1.</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 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 Industrial Inc. ("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, Inc., DBMG manufactures pollution control scrubbers, tunnel liners, pressure vessels, strainers, filters, separators and a variety of customized products. Through Banker Steel Holdco, LLC ("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 a 91.2% 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:120%">2.</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 Life Sciences segment is comprised of Pansend Life Sciences, LLC ("Pansend"), its subsidiaries and its equity investments. Pansend maintains controlling interests of 80.0% in Genovel Orthopedics, Inc. ("Genovel"), which seeks to develop products to treat early osteoarthritis of the knee and 56.6% 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 and as of December 31, 2023, had a 46.2% interest in MediBeacon Inc. ("MediBeacon"), a medical technology company specializing in the advances of fluorescent tracer agents and transdermal measurement, potentially enabling real-time, direct monitoring of kidney function, a 1.9% fully diluted interest in Triple Ring Technologies, Inc. ("Triple Ring"), a science and technology co-development company, and a 20.1% interest in Scaled Cell Solutions, Inc. ("Scaled Cell"), an immunotherapy company developing a novel autologous cell therapy system to potentially improve current CAR-T treatments.</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 acquired and operates over-the-air broadcasting stations across the United States. The Company maintains a 98.0% controlling interest in Broadcasting and maintains a controlling interest of approximately 69.2%, inclusive of 2.8% proxy rights from minority holders of DTV America Corporation ("DTV"). On a fully diluted basis, the Company would have a 85.8% controlling interest in Broadcasting.</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 TIC Holdco, Inc. ("TIC"), and the former Marine Services segment, which includes its holding company, Global Marine Holdings, LLC ("GMH"), in which the Company maintains a 72.8% controlling interest. GMH's results include its subsidiary's prior 19.0% equity method investment in HMN International Co., Ltd., formerly known as Huawei Marine Networks Co. (“HMN”), until it was sold on March 6, 2023. Refer to Note 6. Investments for additional information.</span></div>
CY2023 us-gaap Number Of Reportable Segments
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CY2023 vate Television Broadcast License General Period Granted
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CY2023 us-gaap Use Of Estimates
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<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, market assumptions used in estimating the fair values of certain assets (including goodwill and intangibles) 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 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.</span></div>
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CY2022Q4 vate Progress Billing On Contract
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CY2022Q4 vate Cost Earned On Uncompleted Contracts Net
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CY2023 vate Majority Of Contracts Term In Excess Of
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0.10
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0.090
CY2022Q4 vate Contract With Customer Asset Retainage Receivable Percent To Be Collected Beyond One Year
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CostsIncurredOnContractsInProgress
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q4 us-gaap Accounts Receivable Net Current
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022Q4 us-gaap Inventory Work In Process
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CY2022Q4 us-gaap Inventory Finished Goods
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22400000 usd
CY2022Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Equity Method Investments
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4600000 usd
CY2022Q4 us-gaap Investments
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292300000 usd
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283500000 usd
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137700000 usd
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118500000 usd
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154600000 usd
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165000000.0 usd
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CY2022 us-gaap Depreciation
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CY2023 us-gaap Cost Of Goods And Services Sold Depreciation
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 us-gaap Goodwill
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CY2023Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2023Q4 vate Fcc License Renewal Weighted Average Period Until Next Renewal
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P6Y2M12D
CY2022Q4 vate Fcc License Renewal Weighted Average Period Until Next Renewal
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56700000 usd
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72600000 usd
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45900000 usd
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CY2023 us-gaap Amortization Of Intangible Assets
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16600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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7400000 usd
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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6800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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41100000 usd
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72600000 usd
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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CY2023Q4 vate Lease Right Of Use Asset
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60300000 usd
CY2022Q4 vate Lease Right Of Use Asset
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67900000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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53800000 usd
CY2023Q4 us-gaap Finance Lease Liability
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2400000 usd
CY2022Q4 us-gaap Finance Lease Liability
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2100000 usd
CY2023Q4 vate Lease Liability
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64500000 usd
CY2022Q4 vate Lease Liability
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CY2023 us-gaap Operating Lease Impairment Loss
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CY2022 us-gaap Operating Lease Impairment Loss
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CY2023 us-gaap Short Term Lease Cost
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39200000 usd
CY2022 us-gaap Short Term Lease Cost
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CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022 us-gaap Finance Lease Interest Expense
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100000 usd
CY2023 vate Finance Lease Cost
FinanceLeaseCost
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CY2022 vate Finance Lease Cost
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300000 usd
CY2023 us-gaap Operating Lease Cost
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CY2022 us-gaap Operating Lease Cost
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CY2023 us-gaap Variable Lease Cost
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CY2022 us-gaap Variable Lease Cost
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CY2022 us-gaap Sublease Income
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CY2023 us-gaap Lease Cost
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CY2022 us-gaap Lease Cost
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CY2022 us-gaap Finance Lease Interest Payment On Liability
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100000 usd
CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Operating Lease Payments
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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9300000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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15000000.0 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y6M
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P1Y7M6D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P1Y4M24D
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CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023Q4 us-gaap Restricted Cash Noncurrent
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600000 usd
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1500000 usd
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2700000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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16500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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1800000 usd
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
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300000 usd
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9600000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
200000 usd
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7200000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
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200000 usd
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5500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
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100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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24000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2600000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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13700000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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200000 usd
CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Finance Lease Liability
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2400000 usd
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11200000 usd
CY2022Q4 us-gaap Prepaid Expense Current
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10400000 usd
CY2023Q4 us-gaap Income Taxes Receivable
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2100000 usd
CY2022Q4 us-gaap Income Taxes Receivable
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5300000 usd
CY2023Q4 us-gaap Restricted Cash Current
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900000 usd
CY2022Q4 us-gaap Restricted Cash Current
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300000 usd
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400000 usd
CY2022Q4 us-gaap Other Receivables Net Current
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1100000 usd
CY2023Q4 us-gaap Other Assets Current
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14600000 usd
CY2022Q4 us-gaap Other Assets Current
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17100000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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65800000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
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4600000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
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61300000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
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71900000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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14300000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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17300000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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CY2023Q4 us-gaap Interest Payable Current And Noncurrent
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17100000 usd
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15300000 usd
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CY2023Q4 us-gaap Accrued Income Taxes
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400000 usd
CY2022Q4 us-gaap Accrued Income Taxes
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400000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
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70800000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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65400000 usd
CY2022 us-gaap Severance Costs1
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CY2023Q4 us-gaap Other Liabilities Current
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CY2022Q4 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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53800000 usd
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34100000 usd
CY2022Q4 vate Other Liabilities Noncurrent Other
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17400000 usd
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CY2022Q4 us-gaap Other Liabilities Noncurrent
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71200000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
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CY2022Q4 us-gaap Asset Retirement Obligation
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CY2023 us-gaap Asset Retirement Obligation Accretion Expense
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CY2022 us-gaap Asset Retirement Obligation Accretion Expense
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CY2023Q4 vate Interest Payable Non Current
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CY2022Q4 vate Interest Payable Non Current
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2023Q4 us-gaap Long Term Debt Current
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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81700000 usd
CY2023Q4 vate Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year One
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83500000 usd
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2023Q4 vate Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
271600000 usd
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q4 vate Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
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200000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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CY2023Q4 vate Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
200000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
100000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2023Q4 vate Long Term Debt And Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
100000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2600000 usd
CY2023Q4 vate Debt Including Interest Payable
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855200000 usd
CY2023Q4 vate Long Term Debt And Lease Obligation Including Current Maturities And Interest
LongTermDebtAndLeaseObligationIncludingCurrentMaturitiesAndInterest
857800000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
200000 usd
CY2023Q4 vate Long Term Debt Maturities Interest Included In Payments
LongTermDebtMaturitiesInterestIncludedInPayments
134800000 usd
CY2023Q4 vate Long Term Debt And Lease Obligations Maturities Interest Included In Payments
LongTermDebtAndLeaseObligationsMaturitiesInterestIncludedInPayments
135000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability
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2400000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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720400000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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722800000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1400000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1000000.0 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
600000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
200000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
300000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
100000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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0 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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4500000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2900000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
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5300000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-400000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9800000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-200000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
300000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
200000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
100000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5800000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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1600000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1100000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4500000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
900000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-45100000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
12500000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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4000000.0 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-34400000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41100000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-7200000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-8600000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
8900000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-700000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1200000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1700000 usd
CY2023 vate Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
600000 usd
CY2022 vate Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
3200000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
4400000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
0 usd
CY2023 vate Effective Income Tax Rate Reconciliation Gain On Sale Of Investment
EffectiveIncomeTaxRateReconciliationGainOnSaleOfInvestment
500000 usd
CY2022 vate Effective Income Tax Rate Reconciliation Gain On Sale Of Investment
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0 usd
CY2023 vate Effective Income Tax Rate Reconciliation Outside Basis Difference
EffectiveIncomeTaxRateReconciliationOutsideBasisDifference
-6900000 usd
CY2022 vate Effective Income Tax Rate Reconciliation Outside Basis Difference
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4200000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
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700000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2023 us-gaap Income Tax Expense Benefit
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4500000 usd
CY2022 us-gaap Income Tax Expense Benefit
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900000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4500000 usd
CY2023 vate Income Tax Expense Benefit Interim Tax
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-1100000 usd
CY2022 us-gaap Income Tax Expense Benefit
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900000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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74700000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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82500000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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300000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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300000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
7400000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
7200000 usd
CY2023Q4 vate Deferred Tax Assets Interest Limitation Carryforward
DeferredTaxAssetsInterestLimitationCarryforward
59600000 usd
CY2022Q4 vate Deferred Tax Assets Interest Limitation Carryforward
DeferredTaxAssetsInterestLimitationCarryforward
46300000 usd
CY2023Q4 vate Deferred Tax Assets Operating Lease Liability
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18500000 usd
CY2022Q4 vate Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
20500000 usd
CY2023Q4 vate Deferred Tax Assets Investment In Partnership
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9900000 usd
CY2022Q4 vate Deferred Tax Assets Investment In Partnership
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7200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
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7200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
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6100000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
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177600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
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170100000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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110700000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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101600000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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66900000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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68500000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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19500000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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17500000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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17300000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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19100000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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30400000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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27800000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
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1800000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
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11500000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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75900000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
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2100000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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119200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
121900000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
57300000 usd
CY2014Q2 us-gaap Operating Loss Carryforwards
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46100000 usd
CY2014Q4 vate Operating Loss Carryforward Annual Limitationon Use
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2300000 usd
CY2015Q4 us-gaap Stock Issued During Period Shares New Issues
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8500000 shares
CY2015Q4 us-gaap Operating Loss Carryforwards
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31700000 usd
CY2022 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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58700000 usd
CY2023 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
58700000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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17600000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
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17600000 usd
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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17600000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
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17600000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
203600000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Second Year
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300000 usd
CY2023Q4 us-gaap Purchase Obligation
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203900000 usd
CY2023Q4 vate Cash And Cash Equivalents In Foreign Accounts
CashAndCashEquivalentsInForeignAccounts
6300000 usd
CY2022Q4 vate Cash And Cash Equivalents In Foreign Accounts
CashAndCashEquivalentsInForeignAccounts
4100000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
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2200000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
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2400000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4715859 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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5.13
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
280791 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.25
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1500 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
4.06
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4995150 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.02
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
352339 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
3.12
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4642811 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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5.17
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.47
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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0 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y6M
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
0 shares
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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0 usd
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
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0.0750
CY2023 vate Preferred Stock Accreting Dividends Accruing Rate
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0.0400
CY2023 vate Preferred Stock Accreting Dividends Accruing Rate Required Threshold
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0.0725
CY2023 vate Volume Weighted Average Price Threshold Percentage
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1.50
CY2023 vate Preferred Stock Force Conversion Trading Period To Calculate Volume Weighted Average Price
PreferredStockForceConversionTradingPeriodToCalculateVolumeWeightedAveragePrice
P30D
CY2023 vate Volume Weighted Average Price Threshold Percentage
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1.50
CY2023 vate Volume Weighted Average Price Threshold Percentage
VolumeWeightedAveragePriceThresholdPercentage
1.50
CY2023 vate Preferred Stock Trading Period To Calculate Volume Weighted Average Price
PreferredStockTradingPeriodToCalculateVolumeWeightedAveragePrice
P20D
CY2023 vate Preferred Stock Force Conversion Trading Period To Calculate Volume Weighted Average Price
PreferredStockForceConversionTradingPeriodToCalculateVolumeWeightedAveragePrice
P30D
CY2023 vate Preferred Stock Consent Rights Percentage
PreferredStockConsentRightsPercentage
0.75
CY2023Q1 us-gaap Dividends Preferred Stock Cash
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300000 usd
CY2023Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
300000 usd
CY2023Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
300000 usd
CY2023 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
300000 usd
CY2022Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
300000 usd
CY2022Q4 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
300000 usd
CY2021Q3 vate Tax Benefits Preservation Plan Outstanding Shares Ownership Threshold
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0.049
CY2018Q3 vate Lessee Lease Term
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P75M
CY2023Q4 us-gaap Investment Owned Balance Principal Amount
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CY2022Q4 us-gaap Investment Owned Balance Principal Amount
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CY2023 us-gaap Increase Decrease In Notes Payable Current
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2000000 usd
CY2022Q4 us-gaap Investment Owned Balance Shares
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468594 shares
CY2023Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
468594 shares
CY2023 vate Number Of Geographic Reportable Segments
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1 segment
CY2023 us-gaap Number Of Operating Segments
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3 segment
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1423000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1637300000 usd
CY2022 us-gaap Operating Income Loss
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13400000 usd
CY2023 us-gaap Interest Expense
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CY2022 us-gaap Interest Expense
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CY2023 us-gaap Other Nonoperating Income Expense
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16700000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-34400000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-41100000 usd
CY2023 vate Depreciation Depletion And Amortization Nonproduction Including Cost Of Revenue
DepreciationDepletionAndAmortizationNonproductionIncludingCostOfRevenue
36000000.0 usd
CY2022 vate Depreciation Depletion And Amortization Nonproduction Including Cost Of Revenue
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42200000 usd
CY2023 us-gaap Payments To Acquire Productive Assets
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18400000 usd
CY2023Q4 us-gaap Investments
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1800000 usd
CY2022Q4 us-gaap Investments
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59500000 usd
CY2023Q4 us-gaap Equity Method Investments
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900000 usd
CY2022Q4 us-gaap Equity Method Investments
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43600000 usd
CY2023Q4 us-gaap Assets
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1043600000 usd
CY2022Q4 us-gaap Assets
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1151700000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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80800000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
80400000 usd
CY2023Q4 us-gaap Restricted Cash Current
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900000 usd
CY2022Q4 us-gaap Restricted Cash Current
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300000 usd
CY2023 us-gaap Profit Loss
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-38900000 usd
CY2022 us-gaap Profit Loss
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-42000000.0 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3700000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-6100000 usd
CY2023 us-gaap Net Income Loss
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-35200000 usd
CY2022 us-gaap Net Income Loss
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-35900000 usd
CY2023 us-gaap Dividends Preferred Stock
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2400000 usd
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
4900000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-37600000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-40800000 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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78100000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78100000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77500000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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77500000 shares
CY2023 us-gaap Earnings Per Share Basic
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-0.48
CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Basic
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-0.53
CY2022 us-gaap Earnings Per Share Diluted
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
80400000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45500000 usd
CY2022Q4 us-gaap Restricted Cash Current
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300000 usd
CY2021Q4 us-gaap Restricted Cash Current
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2000000.0 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
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1500000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
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0 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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82200000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47500000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
600000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1500000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82300000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
82200000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
49000000.0 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
42500000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6700000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5900000 usd
CY2023 vate Debt Issuance In Connection With Preferred Stock Purchase And Dividend Payments
DebtIssuanceInConnectionWithPreferredStockPurchaseAndDividendPayments
35100000 usd
CY2022 vate Debt Issuance In Connection With Preferred Stock Purchase And Dividend Payments
DebtIssuanceInConnectionWithPreferredStockPurchaseAndDividendPayments
0 usd
CY2023 vate Fees And Interest Capitalized
FeesAndInterestCapitalized
1300000 usd
CY2022 vate Fees And Interest Capitalized
FeesAndInterestCapitalized
17500000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
900000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
400000 usd
CY2023 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
0 usd
CY2022 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
900000 usd

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exhibit1065q410k2023.htm Edgar Link pending
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