Company: VRT
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001628280-25-019372
Chunk: 23

Company: Vertiv Holdings Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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4 Employee taxes paid from shares withheld(6.7)(3.0)Net cash provided by (used for) financing activities(24.9)(603.1)Effect of exchange rate changes on cash and cash equivalents4.3 (6.0)Increase (decrease) in cash, cash equivalents and restricted cash243.9 (508.1)Beginning cash, cash equivalents and restricted cash1,232.2 788.6 Ending cash, cash equivalents and restricted cash$1,476.1 $280.5 Changes in operating working capitalAccounts receivable$81.6 $9.9 Inventories(128.6)(106.5)Other current assets(29.5)(31.7)Accounts payable86.5 9.8 Deferred revenue23.4 100.0 Accrued expenses and other liabilities(79.6)(68.5)Income taxes41.4 (12.7)Total changes in operating working capital$(4.8)$(99.7)

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements

5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)

VERTIV HOLDINGS CO

(Dollars in millions)

Common Share CapitalTreasury Share CapitalSharesAmountTreasury StockAmountAdditional Paid in CapitalAccumulated DeficitAccumulated Other Comprehensive Income (Loss)TotalBalance at December 31, 2023381,788,876$— — $— $2,711.3 $(691.9)$(4.5)$2,014.9 Net income (loss)— — — — — (5.9)— (5.9)Exercise of employee stock options1,109,113 — — — 14.4 — — 14.4 Stock-based compensation, net of withholding for tax(1)102,833 — — — 17.3 — — 17.3 Employee 401K match with Vertiv stock44,968 — — — 2.2 — — 2.2 Dividend— — — — — (9.3)— (9.3)Repurchase of common stock(9,076,444)— 9,076,444