Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 335

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 335
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 operating activities:Net income (loss)$495.8 $460.2 $76.6 Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:Depreciation81.6 74.3 72.0 Amortization195.4 196.7 230.4 Deferred income taxes(54.5)(131.6)(8.6)Amortization of debt discount and issuance costs7.0 7.9 7.5 Change in fair value of warrant liabilities449.2 157.9 (90.9)Stock-based compensation34.6 25.0 24.7 Payment of contingent consideration— — (8.7)Gain on sale of property, plant and equipment— — (3.7)Changes in operating working capital114.1 66.7 (449.2)Other(3.9)43.4 (2.9)Net cash provided by (used for) operating activities1,319.3 900.5 (152.8)Cash flows from investing activities:Capital expenditures(167.0)(127.9)(100.0)Investments in capitalized software(17.1)(6.7)(11.0)Proceeds from disposition of property, plant and equipment— 12.4 3.9 Acquisition of business(17.6)(28.8)(5.0)Proceeds from sale of business— 11.9 — Net cash provided by (used for) investing activities(201.7)(139.1)(112.1)Cash flows from financing activities:Borrowings from ABL revolving credit facility and short-term borrowings270.0 224.9 790.8 Repayments of ABL revolving credit facility and short-term borrowings(270.0)(459.9)(555.8)Repayment of long-term debt(21.1)(27.1)(16.4)Payment of debt issuance costs— — (0.6)Payment of tax receivable agreement— — (100.0)Payment of contingent consideration— — (12.8)Dividend payment(42.2)(9.5)(3.8)Repurchase of common shares(599.9)— — Exercise of employee stock options33.0 27.4 3.1 Employee