Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 24

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 130.3 Deferred revenue171.5 254.7 Accrued expenses and other liabilities(43.3)(8.4)Income taxes49.3 (10.1)Total changes in operating working capital$(95.2)$(3.6)

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 CapitalRetained EarningsAccumulated 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 activity, 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 (605.9)— — — (605.9)Other comprehensive income (loss), net of tax— — — — — — (34.3)(34.3)Balance at March 31, 2024373,969,346 $— 9,076,444 $(605.9)$2,745.2 $(707.1)$(38.8)$1,393.4 Net income (loss)— — — — — 178.1 — 178.1 Exercise of employee stock options693,261 — — — 9.2 — — 9.2 Stock-based compensation, net of shares withheld for tax(2)412,