$VRT
Vertiv Holdings Co

2024 Q4 Form 10-Q Financial Statement

#000162828024043698 Filed on October 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.074B
YoY Change 18.99%
Cost Of Revenue $1.317B
YoY Change 18.13%
Gross Profit $756.4M
YoY Change 20.52%
Gross Profit Margin 36.48%
Selling, General & Admin $334.6M
YoY Change 2.26%
% of Gross Profit 44.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.90M
YoY Change 1.03%
% of Gross Profit 9.11%
Operating Expenses $334.6M
YoY Change 2.26%
Operating Profit $371.6M
YoY Change 48.11%
Interest Expense $35.90M
YoY Change -17.47%
% of Operating Profit 9.66%
Other Income/Expense, Net
YoY Change
Pretax Income $268.5M
YoY Change 84.16%
Income Tax $91.90M
% Of Pretax Income 34.23%
Net Earnings $176.6M
YoY Change 87.67%
Net Earnings / Revenue 8.52%
Basic Earnings Per Share $0.47
Diluted Earnings Per Share $0.46
COMMON SHARES
Basic Shares Outstanding 375.3M shares 375.1M shares
Diluted Shares Outstanding 384.3M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $908.7M
YoY Change 81.74%
Cash & Equivalents $908.7M
Short-Term Investments
Other Short-Term Assets $312.2M
YoY Change 74.8%
Inventory $1.255B
Prepaid Expenses
Receivables $2.329B
Other Receivables $0.00
Total Short-Term Assets $4.805B
YoY Change 32.69%
LONG-TERM ASSETS
Property, Plant & Equipment $593.2M
YoY Change 16.63%
Goodwill $1.349B
YoY Change 5.03%
Intangibles $1.573B
YoY Change -6.05%
Long-Term Investments
YoY Change
Other Assets $88.30M
YoY Change -27.92%
Total Long-Term Assets $4.087B
YoY Change 7.74%
TOTAL ASSETS
Total Short-Term Assets $4.805B
Total Long-Term Assets $4.087B
Total Assets $8.891B
YoY Change 19.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.240B
YoY Change 33.03%
Accrued Expenses $623.7M
YoY Change 12.3%
Deferred Revenue $1.016B
YoY Change 87.04%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $21.20M
YoY Change -2.75%
Total Short-Term Liabilities $3.489B
YoY Change 66.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.910B
YoY Change -0.46%
Other Long-Term Liabilities $283.6M
YoY Change 22.45%
Total Long-Term Liabilities $3.193B
YoY Change 1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.489B
Total Long-Term Liabilities $3.193B
Total Liabilities $7.078B
YoY Change 24.16%
SHAREHOLDERS EQUITY
Retained Earnings -$371.2M
YoY Change -59.43%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.814B
YoY Change
Total Liabilities & Shareholders Equity $8.891B
YoY Change 19.92%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $176.6M
YoY Change 87.67%
Depreciation, Depletion And Amortization $68.90M
YoY Change 1.03%
Cash From Operating Activities $378.2M
YoY Change 52.07%
INVESTING ACTIVITIES
Capital Expenditures $39.20M
YoY Change 43.07%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$39.20M
YoY Change 43.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.80M
YoY Change -333.33%
NET CHANGE
Cash From Operating Activities 378.2M
Cash From Investing Activities -39.20M
Cash From Financing Activities -16.80M
Net Change In Cash 322.2M
YoY Change 41.01%
FREE CASH FLOW
Cash From Operating Activities $378.2M
Capital Expenditures $39.20M
Free Cash Flow $339.0M
YoY Change 53.19%

Facts In Submission

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dei Document Fiscal Year Focus
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Vertiv Holdings Co
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<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(1) DESCRIPTION OF BUSINESS</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vertiv 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 digital infrastructure technologies and life cycle services primarily for data centers, communication networks, and commercial and industrial environments. Vertiv’s offerings include AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, management systems for monitoring and controlling digital infrastructure, and service. Vertiv manages and reports results of operations for three business segments: Americas; Asia Pacific; and Europe, Middle East &amp; Africa.</span></div>
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us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2024Q3 us-gaap Operating Income Loss
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CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q3 us-gaap Earnings Per Share Diluted
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
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