$VRT
Vertiv Holdings Co

2021 Q4 Form 10-Q Financial Statement

#000162828021020992 Filed on November 01, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $1.411B $1.229B $1.162B
YoY Change 8.04% 5.76%
Cost Of Revenue $1.037B $847.2M $749.0M
YoY Change 18.05% 13.11% 4.11%
Gross Profit $373.7M $381.7M $413.0M
YoY Change -12.52% -7.58% -157.41%
Gross Profit Margin 26.49% 31.06% 35.54%
Selling, General & Admin $329.4M $257.8M $251.7M
YoY Change 24.07% 2.42% -2.93%
% of Gross Profit 88.15% 67.54% 60.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.90M $51.40M $50.20M
YoY Change 33.4% 2.39% -2.14%
% of Gross Profit 18.7% 13.47% 12.15%
Operating Expenses $374.4M $257.8M $251.7M
YoY Change 41.02% 2.42% -2.93%
Operating Profit -$700.0K $81.80M $35.10M
YoY Change -100.43% 133.05% -103.59%
Interest Expense -$34.80M $22.40M $26.40M
YoY Change -239.2% -15.15% -66.02%
% of Operating Profit 27.38% 75.21%
Other Income/Expense, Net
YoY Change
Pretax Income $21.60M $91.90M -$79.00M
YoY Change -77.29% -216.33% 356.65%
Income Tax -$400.0K $35.70M $24.50M
% Of Pretax Income -1.85% 38.85%
Net Earnings $22.00M $56.20M -$103.5M
YoY Change -70.63% -154.3% 655.47%
Net Earnings / Revenue 1.56% 4.57% -8.91%
Basic Earnings Per Share $0.16 -$0.32
Diluted Earnings Per Share $59.04K $0.15 -$0.32
COMMON SHARES
Basic Shares Outstanding 352.6M shares 352.5M shares 328.4M shares
Diluted Shares Outstanding 363.2M shares 328.4M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $439.1M $743.6M $324.3M
YoY Change -17.86% 129.29% 162050.0%
Cash & Equivalents $439.1M $743.6M $324.3M
Short-Term Investments
Other Short-Term Assets $106.8M $154.4M $172.6M
YoY Change -41.7% -10.54% 43050.0%
Inventory $616.3M $577.4M $465.5M
Prepaid Expenses
Receivables $1.536B $1.386B $1.289B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.699B $2.862B $2.251B
YoY Change 7.14% 27.12% 410429.21%
LONG-TERM ASSETS
Property, Plant & Equipment $489.3M $388.4M $406.9M
YoY Change 14.43% -4.55%
Goodwill $1.330B $588.6M $611.7M
YoY Change 119.05% -3.78%
Intangibles $2.138B $1.191B $1.312B
YoY Change 64.16% -9.18%
Long-Term Investments
YoY Change
Other Assets $235.5M $216.5M $176.4M
YoY Change 19.66% 22.73% 15936.36%
Total Long-Term Assets $4.241B $2.400B $2.521B
YoY Change 65.99% -4.78% 257.52%
TOTAL ASSETS
Total Short-Term Assets $2.699B $2.862B $2.251B
Total Long-Term Assets $4.241B $2.400B $2.521B
Total Assets $6.940B $5.262B $4.772B
YoY Change 36.77% 10.27% 576.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $858.5M $768.8M $655.8M
YoY Change 17.52% 17.23% 53031.76%
Accrued Expenses $953.4M $825.6M $876.8M
YoY Change 5.72% -5.84%
Deferred Revenue $238.9M $234.4M $189.8M
YoY Change 19.69% 23.5%
Short-Term Debt $0.00 $0.00 $19.10M
YoY Change -100.0%
Long-Term Debt Due $21.80M $21.80M $22.00M
YoY Change -0.91% -0.91%
Total Short-Term Liabilities $1.855B $1.647B $1.602B
YoY Change 6.5% 2.82% 129636.32%
LONG-TERM LIABILITIES
Long-Term Debt $2.951B $2.118B $2.235B
YoY Change 38.49% -5.21%
Other Long-Term Liabilities $368.2M $484.2M $446.8M
YoY Change -24.15% 8.37% 1746.28%
Total Long-Term Liabilities $3.319B $2.603B $2.682B
YoY Change 26.87% -2.95% 10980.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.855B $1.647B $1.602B
Total Long-Term Liabilities $3.319B $2.603B $2.682B
Total Liabilities $5.522B $4.476B $4.400B
YoY Change 21.05% 1.73% 17233.41%
SHAREHOLDERS EQUITY
Retained Earnings -$1.215B -$1.234B -$1.259B
YoY Change -8.7% -2.03% -25292.16%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.418B $785.7M $146.1M
YoY Change
Total Liabilities & Shareholders Equity $6.940B $5.262B $4.772B
YoY Change 36.77% 10.27% 576.3%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $22.00M $56.20M -$103.5M
YoY Change -70.63% -154.3% 655.47%
Depreciation, Depletion And Amortization $69.90M $51.40M $50.20M
YoY Change 33.4% 2.39% -2.14%
Cash From Operating Activities $36.50M $54.40M $136.1M
YoY Change -81.23% -60.03% 479.15%
INVESTING ACTIVITIES
Capital Expenditures -$31.80M -$17.00M -$6.800M
YoY Change 20.0% 150.0% -30.61%
Acquisitions
YoY Change
Other Investing Activities -$1.138B $6.100M $0.00
YoY Change -16361.43%
Cash From Investing Activities -$1.170B -$10.90M -$6.800M
YoY Change 5900.51% 60.29% -30.61%
FINANCING ACTIVITIES
Cash Dividend Paid $3.800M
YoY Change 15.15%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 828.4M -5.200M -181.2M
YoY Change 2816.9% -97.13% -726.99%
NET CHANGE
Cash From Operating Activities 36.50M 54.40M 136.1M
Cash From Investing Activities -1.170B -10.90M -6.800M
Cash From Financing Activities 828.4M -5.200M -181.2M
Net Change In Cash -305.2M 38.30M -51.90M
YoY Change -250.05% -173.8% -221.83%
FREE CASH FLOW
Cash From Operating Activities $36.50M $54.40M $136.1M
Capital Expenditures -$31.80M -$17.00M -$6.800M
Free Cash Flow $68.30M $71.40M $142.9M
YoY Change -69.1% -50.03% 329.13%

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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vrt New Operating Segments Identified
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CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 vrt Incremental Common Shares Attributable To Dilutive Effect Of Share Based Payment Arrangements And Warrants
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10700000 shares
vrt Incremental Common Shares Attributable To Dilutive Effect Of Share Based Payment Arrangements And Warrants
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CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q3 vrt Loss Contingency Barred From Recovery Value
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CY2021Q3 vrt Loss Contingency Disgorgement Value
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10000000.0 USD

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