Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 4

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 16
Chunk 4
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0 3.7 Other operating expense (income)(6.0)(9.9)(5.8)Operating profit (loss)1,367.4 872.2 223.4 Interest expense, net150.4 180.1 147.3 Loss on extinguishment of debt2.4 0.5 — Change in fair value of warrant liabilities449.2 157.9 (90.9)Income (loss) before income taxes765.4 533.7 167.0 Income tax expense269.6 73.5 90.4 Net income (loss)$495.8 $460.2 $76.6 Earnings (loss) per share:Basic$1.32 $1.21 $0.20 Diluted$1.28 $1.19 $(0.04)Weighted-average shares outstandingBasic376,418,933 380,144,059 376,730,519 Diluted386,325,058 386,226,267 378,224,051 

See accompanying Notes to the Consolidated Financial Statements

59

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

VERTIV HOLDINGS CO

(Dollars in millions)Year Ended December 31, 202420232022Net income (loss)$495.8 $460.2 $76.6 Other comprehensive income (loss), net of tax:Foreign currency translation(114.1)67.2 (196.8)Interest rate swaps(13.1)(22.5)101.5 Pension(4.5)(3.0)13.5 Foreign currency exchange forwards(12.6)— — Other comprehensive income (loss), net of tax(144.3)41.7 (81.8)Comprehensive income (loss)$351.5 $501.9 $(5.2)

See accompanying Notes to the Consolidated Financial Statements

60

CONSOLIDATED BALANCE SHEETS

VERTIV HOLDINGS CO

(Dollars in millions)

December 31, 2024December 31, 2023ASSETSCurrent assets:Cash and cash equivalents$1,227.6 $780.4 Accounts receivable, less allowances of $22.4 and $29.1, respectively2,362.7 2