Company: VRT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001674101-25-000008
Chunk: 72

Company: Vertiv Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 changes in the fair value of the warrant liabilities, and discrete tax benefits related to stock compensation activity in the respective periods.The Company provided U.S. federal income taxes and foreign withholding taxes on all temporary differences attributed to basis differences in foreign subsidiaries that are not considered indefinitely reinvested. As of June 30, 2025, the Company has certain earnings of certain foreign affiliates that continue to be indefinitely reinvested, but it was not practicable to estimate the associated deferred tax liability, due to interaction with other tax laws and regulations in the year of inclusion.

(7) OTHER FINANCIAL INFORMATIONJune 30, 2025December 31, 2024Reconciliation of cash, cash equivalents, and restricted cashCash and cash equivalents$1,640.8 $1,227.6 Restricted cash included in other current assets15.2 4.6 Total cash, cash equivalents, and restricted cash$1,656.0 $1,232.2  

10

June 30, 2025December 31, 2024InventoriesFinished products$505.3 $400.8 Raw materials648.8 564.7 Work in process259.2 278.9 Total inventories$1,413.3 $1,244.4 June 30, 2025December 31, 2024Property, plant and equipment, net(1)Machinery and equipment$644.5 $570.1 Buildings400.7 362.1 Land41.2 39.4 Construction in progress71.6 87.5 Property, plant and equipment, at cost1,158.0 1,059.1 Less: Accumulated depreciation(491.6)(434.0)Property, plant and equipment, net$666.4 $625.1 (1)    Property, plant and equipment, net in the United States was $158.3 and  $148.8 as of June 30, 2025 and December 31, 2024, respectively. June 30, 2025December 31, 2024Accrued expenses and other liabilitiesAccrued payroll and other employee compensation$151.8 $147.8 Restructuring (see Note 4)6.0 10.4 Operating lease liabilities55.8 45.7 Product warranty30.2 27