$VRT
Vertiv Holdings Co

2018 Q2 Form 10-Q Financial Statement

#000119312518241168 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $100.0K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $100.0K
YoY Change
Operating Profit
YoY Change
Interest Expense $600.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $490.8K
YoY Change
Income Tax $104.4K
% Of Pretax Income 21.27%
Net Earnings $386.4K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $4.635K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.800M
YoY Change
Cash & Equivalents $691.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $1.811M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $690.0M
YoY Change
Other Assets $600.0K
YoY Change
Total Long-Term Assets $690.6M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.811M
Total Long-Term Assets $690.6M
Total Assets $692.4M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.0K
YoY Change
Accrued Expenses $700.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $923.3K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $24.20M
YoY Change
Total Long-Term Liabilities $24.20M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $923.3K
Total Long-Term Liabilities $24.20M
Total Liabilities $25.07M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $81.09K
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M
YoY Change
Total Liabilities & Shareholders Equity $692.4M
YoY Change

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $386.4K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $0.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$690.0M
YoY Change
Cash From Investing Activities -$690.0M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 691.8M
YoY Change
NET CHANGE
Cash From Operating Activities 0.000
Cash From Investing Activities -690.0M
Cash From Financing Activities 691.8M
Net Change In Cash 1.800M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $0.00
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Assets Current
AssetsCurrent
1811153
CY2018Q2 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
690000000
CY2018Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4916910
CY2018Q2 us-gaap Assets Held In Trust
AssetsHeldInTrust
690613686
CY2018Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
126022
CY2018Q2 us-gaap Assets
Assets
692424839
CY2018Q2 us-gaap Cash
Cash
1811153
CY2018Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1811153
CY2018Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
24150000
CY2018Q2 us-gaap Dividends Receivable
DividendsReceivable
613686
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
923278
CY2018Q2 us-gaap Liabilities
Liabilities
25073278
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
692424839
CY2018Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
1.00
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000000 shares
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
81092
CY2018Q2 gsah Cash Held Outside Of Trust Account
CashHeldOutsideOfTrustAccount
2000000
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
104212
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
5000009
CY2018Q2 gsah Deferred Underwriting Commissions
DeferredUnderwritingCommissions
24150000
CY2018Q2 gsah Minimum Net Tangible Assets
MinimumNetTangibleAssets
5000001
CY2018Q2 gsah Accrued Offering Costs Current
AccruedOfferingCostsCurrent
693044
CY2017Q4 us-gaap Assets Current
AssetsCurrent
25000
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
326693
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1276
CY2017Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
25000
CY2017Q4 us-gaap Assets
Assets
25000
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1276
CY2017Q4 us-gaap Liabilities
Liabilities
1276
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25000
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-304694
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
23724
us-gaap Revenues
Revenues
0
dei Amendment Flag
AmendmentFlag
false
us-gaap Common Stock Voting Rights
CommonStockVotingRights
One vote for each share of common stock
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <i>Concentration of Credit Risk</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p> </div>
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1811153
us-gaap Cost Of Trust Assets Sold To Pay Expenses
CostOfTrustAssetsSoldToPayExpenses
100000
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Type
DocumentType
10-Q
us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
-25000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
124746
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
690000000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
300000
dei Entity Central Index Key
EntityCentralIndexKey
0001674101
dei Entity Registrant Name
EntityRegistrantName
GS ACQUISITION HOLDINGS CORP
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
123688
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
489998
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104212
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
104212
us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
613686
us-gaap Investment Income Dividend
InvestmentIncomeDividend
613686
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-690000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
691785095
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26058
us-gaap Net Income Loss
NetIncomeLoss
385786
us-gaap Payments For Deposits
PaymentsForDeposits
690000000
us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
13800000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
214905
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
15800000
gsah Payment Of Underwriting Discounts
PaymentOfUnderwritingDiscounts
13800000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
300000
gsah Period From Closing Of Public Offering To Complete Business Combination
PeriodFromClosingOfPublicOfferingToCompleteBusinessCombination
P24M
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
386382
us-gaap Revenues
Revenues
0
dei Trading Symbol
TradingSymbol
GSAH
us-gaap Subsequent Events Date
SubsequentEventsDate
2018-08-07
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <i>Use of Estimates</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP requires the Company&#x2019;s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div>
gsah Deferred Underwriting Compensation
DeferredUnderwritingCompensation
24150000
CY2018Q2 us-gaap Revenues
Revenues
0
gsah Percentage Of Underwriting Commission Of Gross Proceeds
PercentageOfUnderwritingCommissionOfGrossProceeds
0.020 pure
gsah Percentage Of Underwriting Fee
PercentageOfUnderwritingFee
0.035 pure
gsah Minimum Percentage Of Fair Market Value Of Business Acquisition To Trust Account Balance
MinimumPercentageOfFairMarketValueOfBusinessAcquisitionToTrustAccountBalance
0.80 pure
gsah Percentage Of Public Shares Required To Repurchase If Business Combination Is Not Completed Within Specified Period
PercentageOfPublicSharesRequiredToRepurchaseIfBusinessCombinationIsNotCompletedWithinSpecifiedPeriod
1.00 pure
gsah Noncash Financing Activities Accrued Offering Costs
NoncashFinancingActivitiesAccruedOfferingCosts
693044
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
122900
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
490786
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104404
CY2018Q2 us-gaap Investment Income Dividend
InvestmentIncomeDividend
613686
CY2017Q2 us-gaap Revenues
Revenues
0

Files In Submission

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0001193125-18-241168-index-headers.html Edgar Link pending
0001193125-18-241168-index.html Edgar Link pending
0001193125-18-241168.txt Edgar Link pending
0001193125-18-241168-xbrl.zip Edgar Link pending
d516022d10q.htm Edgar Link pending
d516022dex311.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
gsah-20180630.xml Edgar Link completed
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gsah-20180630_def.xml Edgar Link unprocessable
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