$VRT
Vertiv Holdings Co

2018 Q4 Form 10-K Financial Statement

#000119312519072362 Filed on March 13, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 2017 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue $2.865B
YoY Change
Gross Profit -$2.865B
YoY Change
Gross Profit Margin
Selling, General & Admin $700.0K $1.224B
YoY Change
% of Gross Profit
Research & Development $198.3M
YoY Change
% of Gross Profit
Depreciation & Amortization $217.0M
YoY Change
% of Gross Profit
Operating Expenses $600.0K $1.422B
YoY Change
Operating Profit -$4.287B
YoY Change
Interest Expense $3.600M $288.8M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.000M -$271.0M
YoY Change 21238144.51%
Income Tax $600.0K $49.90M
% Of Pretax Income 20.0%
Net Earnings $2.349M -$314.0M -$1.276K
YoY Change -184180.64% 24608050.47%
Net Earnings / Revenue
Basic Earnings Per Share -$2.65
Diluted Earnings Per Share $26.65K -$2.65
COMMON SHARES
Basic Shares Outstanding 118.3M shares
Diluted Shares Outstanding 118.3M shares

Balance Sheet

Concept 2018 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $800.0K $800.0K
YoY Change
Cash & Equivalents $215.1M $398.2M
Short-Term Investments
Other Short-Term Assets $300.0K $300.0K
YoY Change
Inventory
Prepaid Expenses $341.4K
Receivables $0.00 $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.177M $1.200M $25.00K
YoY Change 4607.87%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $634.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments $694.9M $694.9M
YoY Change
Other Assets $1.300M $1.300M
YoY Change
Total Long-Term Assets $696.2M $696.1M $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.177M $1.200M $25.00K
Total Long-Term Assets $696.2M $696.1M $0.00
Total Assets $697.3M $697.3M $25.00K
YoY Change 2789256.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $644.2K $600.0K $1.276K
YoY Change 50386.52%
Accrued Expenses $500.0K $500.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.278M $1.300M $1.276K
YoY Change 100019.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $24.20M $24.20M
YoY Change
Total Long-Term Liabilities $24.20M $24.20M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.278M $1.300M $1.276K
Total Long-Term Liabilities $24.20M $24.20M
Total Liabilities $25.43M $25.40M $1.276K
YoY Change 1992652.98%
SHAREHOLDERS EQUITY
Retained Earnings $4.726M -$304.7K
YoY Change -1651.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$540.3M $671.9M -$129.6M
YoY Change
Total Liabilities & Shareholders Equity $697.3M $697.3M $25.00K
YoY Change 2789256.2%

Cashflow Statement

Concept 2018 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income $2.349M -$314.0M -$1.276K
YoY Change -184180.64% 24608050.47%
Depreciation, Depletion And Amortization $217.0M
YoY Change
Cash From Operating Activities -$2.800M -$221.9M $0.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $64.60M
YoY Change
Acquisitions $124.3M
YoY Change
Other Investing Activities -$690.0M -$690.0M
YoY Change
Cash From Investing Activities -$690.0M -$207.7M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $245.1M 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -2.800M -$221.9M 0.000
Cash From Investing Activities -690.0M -$207.7M
Cash From Financing Activities 0.000 $245.1M 0.000
Net Change In Cash -692.8M -$172.9M 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$2.800M -$221.9M $0.00
Capital Expenditures $64.60M
Free Cash Flow -$286.5M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
0
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0014
us-gaap Professional Fees
ProfessionalFees
303418
us-gaap Revenues
Revenues
0
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000
gsah Adjustments To Additional Paid In Capital Professional Fees
AdjustmentsToAdditionalPaidInCapitalProfessionalFees
-303418
CY2018Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
24150000
CY2018Q4 dei Entity Public Float
EntityPublicFloat
676200000
CY2018Q4 us-gaap Dividends Receivable
DividendsReceivable
1278946
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1276
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1276
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1276
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
25000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1277528
CY2017Q4 us-gaap Assets Current
AssetsCurrent
25000
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
326693
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1276
CY2018Q4 us-gaap Liabilities
Liabilities
25427528
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
697339051
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-1276
CY2017 us-gaap Profit Loss
ProfitLoss
-1276
CY2018Q4 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
1.00
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
25000
CY2017Q4 us-gaap Assets
Assets
25000
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
341424
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1276
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017 us-gaap Revenues
Revenues
0
CY2018 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
15800000
CY2018 dei Amendment Flag
AmendmentFlag
false
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
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
4726054
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
94439
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-304694
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
23724
CY2018Q4 us-gaap Assets Current
AssetsCurrent
1176968
CY2018Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
694883137
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
5000001
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
271932
CY2018Q4 gsah Deferred Underwriting Commissions
DeferredUnderwritingCommissions
24150000
CY2018Q4 gsah Minimum Net Tangible Assets
MinimumNetTangibleAssets
5000001
CY2018Q4 gsah Accrued Offering Costs Current
AccruedOfferingCostsCurrent
538881
CY2018Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
696162083
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
644208
CY2018Q4 us-gaap Assets
Assets
697339051
CY2018Q4 us-gaap Cash
Cash
835544
CY2018Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
835544
CY2018Q4 gsah Cash Held Outside Of Trust Account
CashHeldOutsideOfTrustAccount
2000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-303418
us-gaap Net Income Loss
NetIncomeLoss
-303418
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6370187
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25000
CY2018 us-gaap Common Stock Voting Rights
CommonStockVotingRights
One vote for each share of common stock
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> <i>Concentration of Credit Risk</i></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> 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>
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
835544
CY2018 us-gaap Cost Of Trust Assets Sold To Pay Expenses
CostOfTrustAssetsSoldToPayExpenses
100000
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Document Type
DocumentType
10-K
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0001674101
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018 dei Entity Registrant Name
EntityRegistrantName
GS ACQUISITION HOLDINGS CORP
CY2018 dei Entity Shell Company
EntityShellCompany
true
CY2018 dei Entity Small Business
EntitySmallBusiness
true
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2018 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2018 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1036896
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1245000
CY2018 gsah Adjustments To Additional Paid In Capital Warrants Attached To Common Stock Net Of Offering Costs
AdjustmentsToAdditionalPaidInCapitalWarrantsAttachedToCommonStockNetOfOfferingCosts
8302250
CY2018 gsah Dividend Earned On Investments Held In Trust Account
DividendEarnedOnInvestmentsHeldInTrustAccount
4883137
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1339439
CY2018 us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
-25000
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
788
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
642932
CY2016 us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
25000
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
300000
CY2018 us-gaap Profit Loss
ProfitLoss
5030748
CY2018 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
300000
CY2018 us-gaap Revenues
Revenues
0
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25000
CY2016 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
300000
CY2016 us-gaap Profit Loss
ProfitLoss
-303418
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
454068
CY2018 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
15800000
CY2018 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
690000000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
94439
CY2018 us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
1278946
CY2018 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
341424
CY2018 us-gaap Investment Income Dividend
InvestmentIncomeDividend
7407083
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-690000000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
691545932
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-710388
CY2018 us-gaap Net Income Loss
NetIncomeLoss
5030748
CY2018 us-gaap Payments For Deposits
PaymentsForDeposits
690000000
CY2018 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
13800000
CY2016 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
300000
CY2016 gsah Increase Decrease In Professional Fees
IncreaseDecreaseInProfessionalFees
-303418
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-596
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
28046280
CY2018 dei Trading Symbol
TradingSymbol
GSAH
CY2018 gsah Adjustments To Additional Paid In Capital Accretion In Redemption Amount
AdjustmentsToAdditionalPaidInCapitalAccretionInRedemptionAmount
53148372
CY2018 gsah Temporary Equity Issued During Period Value New Issues
TemporaryEquityIssuedDuringPeriodValueNewIssues
945370
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"> <i>Use of Estimates</i></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> 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>
CY2018 gsah Deferred Underwriting Compensation
DeferredUnderwritingCompensation
24150000
CY2018 gsah Payment Of Underwriting Discounts
PaymentOfUnderwritingDiscounts
13800000
CY2018 gsah Period From Closing Of Public Offering To Complete Business Combination
PeriodFromClosingOfPublicOfferingToCompleteBusinessCombination
P24M
CY2018 gsah Percentage Of Underwriting Commission Of Gross Proceeds
PercentageOfUnderwritingCommissionOfGrossProceeds
0.020 pure
CY2018 gsah Percentage Of Underwriting Fee
PercentageOfUnderwritingFee
0.035 pure
CY2018 gsah Minimum Percentage Of Fair Market Value Of Business Acquisition To Trust Account Balance
MinimumPercentageOfFairMarketValueOfBusinessAcquisitionToTrustAccountBalance
0.80 pure
CY2018 gsah Percentage Of Public Shares Required To Repurchase If Business Combination Is Not Completed Within Specified Period
PercentageOfPublicSharesRequiredToRepurchaseIfBusinessCombinationIsNotCompletedWithinSpecifiedPeriod
1.00 pure
CY2018 gsah Noncash Financing Activities Accrued Offering Costs
NoncashFinancingActivitiesAccruedOfferingCosts
538881
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
122900
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
386382
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
252407
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
2296093
CY2017Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1276
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-1276
CY2018Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
660801
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
2348869

Files In Submission

Name View Source Status
0001193125-19-072362-index-headers.html Edgar Link pending
0001193125-19-072362-index.html Edgar Link pending
0001193125-19-072362.txt Edgar Link pending
0001193125-19-072362-xbrl.zip Edgar Link pending
d666662d10k.htm Edgar Link pending
d666662dex1011.htm Edgar Link pending
d666662dex1401.htm Edgar Link pending
d666662dex311.htm Edgar Link pending
d666662dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g666662g66o25.jpg Edgar Link pending
gsah-20181231.xml Edgar Link completed
gsah-20181231.xsd Edgar Link pending
gsah-20181231_cal.xml Edgar Link unprocessable
gsah-20181231_def.xml Edgar Link unprocessable
gsah-20181231_lab.xml Edgar Link unprocessable
gsah-20181231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending