Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 160

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1
Chunk 160
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 Accrued expenses and other liabilities612.6 611.8 Income taxes83.7 46.5 Total current liabilities3,097.0 2,305.4 Long-term debt, net2,907.2 2,919.1 Deferred income taxes240.3 159.5 Warrant liabilities— 195.0 Long-term lease liabilities 171.4 142.6 Other long-term liabilities282.3 262.0 Total liabilities6,698.2 5,983.6 EquityPreferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding— — Common stock, $0.0001 par value, 700,000,000 shares authorized, 380,703,974 and 381,788,876 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively— — Additional paid-in capital2,821.4 2,711.3 Accumulated deficit(238.3)(691.9)Accumulated other comprehensive (loss) income(148.8)(4.5)Total equity2,434.3 2,014.9 Total liabilities and equity$9,132.5 $7,998.5 

See accompanying Notes to the Consolidated Financial Statements

61

CONSOLIDATED STATEMENTS OF CASH FLOW

VERTIV HOLDINGS CO 

(Dollars in millions)Year Ended December 31, 202420232022Cash flows from 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