$VRT
Vertiv Holdings Co

2021 Q2 Form 10-Q Financial Statement

#000162828021015172 Filed on August 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $1.260B $1.006B
YoY Change 25.32%
Cost Of Revenue $851.0M $659.3M
YoY Change 29.08% -14.03%
Gross Profit $409.3M $346.4M
YoY Change 18.16% -145.17%
Gross Profit Margin 32.48% 34.44%
Selling, General & Admin $271.7M $226.3M
YoY Change 20.06% -14.05%
% of Gross Profit 66.38% 65.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.50M $50.00M
YoY Change 7.0% -1.96%
% of Gross Profit 13.07% 14.43%
Operating Expenses $271.7M $226.3M
YoY Change 20.06% -14.05%
Operating Profit $102.2M $70.60M
YoY Change 44.76% -106.85%
Interest Expense $20.00M $30.10M
YoY Change -33.55% -61.75%
% of Operating Profit 19.57% 42.63%
Other Income/Expense, Net
YoY Change
Pretax Income $11.00M -$41.70M
YoY Change -126.38% 1337.93%
Income Tax $1.300M $14.30M
% Of Pretax Income 11.82%
Net Earnings $9.700M -$56.00M
YoY Change -117.32% 196.3%
Net Earnings / Revenue 0.77% -5.57%
Basic Earnings Per Share $0.03 -$0.17
Diluted Earnings Per Share $0.03 -$0.17
COMMON SHARES
Basic Shares Outstanding 352.2M shares 328.4M shares
Diluted Shares Outstanding 356.7M shares 328.4M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $708.8M $369.7M
YoY Change 91.72% 184750.0%
Cash & Equivalents $708.8M $369.7M
Short-Term Investments
Other Short-Term Assets $215.2M $180.6M
YoY Change 19.16% 60100.0%
Inventory $551.4M $467.9M
Prepaid Expenses
Receivables $1.374B $1.185B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.849B $2.203B
YoY Change 29.33% 426975.24%
LONG-TERM ASSETS
Property, Plant & Equipment $409.2M $407.1M
YoY Change 0.52%
Goodwill $603.1M $600.0M
YoY Change 0.52%
Intangibles $1.235B $1.341B
YoY Change -7.9%
Long-Term Investments
YoY Change
Other Assets $218.7M $170.3M
YoY Change 28.42% 13000.0%
Total Long-Term Assets $2.483B $2.527B
YoY Change -1.75% 259.83%
TOTAL ASSETS
Total Short-Term Assets $2.849B $2.203B
Total Long-Term Assets $2.483B $2.527B
Total Assets $5.332B $4.730B
YoY Change 12.73% 573.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $766.4M $613.4M
YoY Change 24.94% 119825.78%
Accrued Expenses $897.2M $761.6M
YoY Change 17.8%
Deferred Revenue $231.1M $190.2M
YoY Change 21.5%
Short-Term Debt $0.00 $20.20M
YoY Change -100.0%
Long-Term Debt Due $21.80M $22.00M
YoY Change -0.91%
Total Short-Term Liabilities $1.711B $1.441B
YoY Change 18.76% 281414.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.123B $2.409B
YoY Change -11.88%
Other Long-Term Liabilities $492.3M $418.3M
YoY Change 17.69% 1628.51%
Total Long-Term Liabilities $2.615B $2.827B
YoY Change -7.51% 11583.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.711B $1.441B
Total Long-Term Liabilities $2.615B $2.827B
Total Liabilities $4.588B $4.379B
YoY Change 4.78% 17656.28%
SHAREHOLDERS EQUITY
Retained Earnings -$1.290B -$1.243B
YoY Change 3.74% -24976.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $743.7M $213.0M
YoY Change
Total Liabilities & Shareholders Equity $5.332B $4.730B
YoY Change 12.73% 573.09%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $9.700M -$56.00M
YoY Change -117.32% 196.3%
Depreciation, Depletion And Amortization $53.50M $50.00M
YoY Change 7.0% -1.96%
Cash From Operating Activities $59.30M $73.00M
YoY Change -18.77% -252.4%
INVESTING ACTIVITIES
Capital Expenditures -$17.90M -$10.90M
YoY Change 64.22% -42.63%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$17.90M -$10.90M
YoY Change 64.22% -38.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.20M 14.20M
YoY Change -178.87% -77.92%
NET CHANGE
Cash From Operating Activities 59.30M 73.00M
Cash From Investing Activities -17.90M -10.90M
Cash From Financing Activities -11.20M 14.20M
Net Change In Cash 30.20M 76.30M
YoY Change -60.42% -5550.0%
FREE CASH FLOW
Cash From Operating Activities $59.30M $73.00M
Capital Expenditures -$17.90M -$10.90M
Free Cash Flow $77.20M $83.90M
YoY Change -7.99% -390.31%

Facts In Submission

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DESCRIPTION OF BUSINESSVertiv Holdings Co ("Holdings Co", and together with its majority-owned subsidiaries, “Vertiv”, "we", "our", or "the Company"), formerly known as GS Acquisition Holdings Corp ("GSAH"), provides mission-critical infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. Vertiv’s offerings include power conditioning and uninterruptible power systems, thermal management, integrated data center control devices, software, monitoring, and service. Vertiv manages and reports results of operations for three reportable segments: Americas; Asia Pacific; and Europe, Middle East & Africa.
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4000000.0 shares

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