Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 226

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1
Chunk 226
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 other than dividends, are not available. At December 31, 2024, Vertiv had $784.9 of availability (subject to customary borrowing base and other conditions) under the ABL Revolving Credit Facility, net of letters of credit outstanding in the aggregate principal amount of $15.1, and taking into account the borrowing base limitations set forth in the ABL Revolving Credit Facility.

We believe our current cash and cash equivalent levels, augmented by availability under the ABL Revolving Credit Facility, will provide adequate near-term liquidity for the next 12 months of independent operations, as well as the resources necessary to invest for growth in existing businesses and manage our capital structure on a short- and long-term basis. We expect to continue to opportunistically access the capital and financing markets from time to time. Access to capital and the availability of financing on acceptable terms in the future will be affected by many factors, including our credit rating, economic conditions, and the overall liquidity of capital markets. There can be no assurance that we will continue to have access to the capital and financing markets on acceptable terms

Summary Statement of Cash Flows

Year ended December 31, 2024 compared to year ended December 31, 2023

(Dollars in millions)20242023$ Change% ChangeNet cash provided by (used for) operating activities$1,319.3 $900.5 $418.8 46.5 %Net cash provided by (used for) investing activities(201.7)(139.1)(62.6)45.0 Net cash provided by (used for) financing activities(652.1)(247.5)(404.6)163.5 Capital expenditures(167.0)(127.9)(39.1)30.6 Investments in capitalized software(17.1)(6.7)(10.4)155.2 

Net Cash provided by (used for) Operating Activities

Net cash provided by operating activities was $1,319.3 in 2024, a $418.8 increase in cash generation compared to 2023. The change was primarily driven by the improvement in trade working capital from prior year by $47.4 due to our trade working capital initiative, an increase in net income from operations of $35.6, and the non-cash impact of the change in fair value of warrant liabilities of $291.3.

42

Net Cash provided by (used for) Investing Activities