Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 69

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 69
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 taxes paid from shares withheld(21.9)(3.3)(4.3)Net cash provided by (used for) financing activities(652.1)(247.5)100.2 Effect of exchange rate changes on cash and cash equivalents(21.9)1.5 (9.2)Increase (decrease) in cash, cash equivalents and restricted cash443.6 515.4 (173.9)Beginning cash, cash equivalents and restricted cash788.6 273.2 447.1 Ending cash, cash equivalents and restricted cash$1,232.2 $788.6 $273.2 Changes in operating working capitalAccounts receivable$(280.3)$(277.2)$(368.0)Inventories(369.3)(54.0)(211.4)Other current assets(63.7)4.7 (36.6)Accounts payable343.1 (17.7)132.8 Deferred revenue434.5 274.2 67.6 Accrued expenses and other liabilities7.0 91.5 (22.0)Income taxes42.8 45.2 (11.6)Total changes in operating working capital$114.1 $66.7 $(449.2)Supplemental DisclosuresCash paid during the year for interest$155.5 $176.7 $132.8 Cash paid during the year for income tax, net272.5 153.0 104.6 Property and equipment acquired during the year for capital lease obligations7.0 2.9 4.3 Noncash Supplemental DisclosureSeller provided financing for the disposition of property, plant and equipment— — 12.2 

See accompanying Notes to the Consolidated Financial Statements

62

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)

VERTIV HOLDINGS CO

(Dollars in millions)

Common Share CapitalTreasury Share CapitalSharesAmountTreasury StockAmountAdditional Paid in CapitalAccumulated DeficitAccumulated Other Comprehensive (Loss) IncomeTotalBalance as of December 31, 2021375,801,857 $— — $— $2,597.5 $(1,215.4)$35.6 $1,417.7 Net income (loss)— — — — —