Company: VRT
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001628280-25-019372
Chunk: 60

Company: Vertiv Holdings Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 31, 2024 is primarily influenced by the negative impacts of non-deductible changes in the fair value of the warrant liabilities,  discrete tax benefits related to stock compensation activity in the quarter and the mix of income between the Company's U.S. and non-U.S. operations.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 March 31, 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 INFORMATIONMarch 31, 2025December 31, 2024Reconciliation of cash, cash equivalents, and restricted cashCash and cash equivalents$1,467.3 $1,227.6 Restricted cash included in other current assets8.8 4.6 Total cash, cash equivalents, and restricted cash$1,476.1 $1,232.2  March 31, 2025December 31, 2024InventoriesFinished products$478.0 $400.8 Raw materials605.4 564.7 Work in process300.1 278.9 Total inventories$1,383.5 $1,244.4 March 31, 2025December 31, 2024Property, plant and equipment, net(1)Machinery and equipment$601.3 $570.1 Buildings375.3 362.1 Land40.0 39.4 Construction in progress80.3 87.5 Property, plant and equipment, at cost1,096.9 1,059.1 Less: Accumulated depreciation(459.5)(434.0)Property, plant and equipment, net$637.4 $625.1 (1)    Property, plant and equipment, net in the United States was $150.8 and  $148.8 as of March 31, 2025 and December 31, 2024, respectively. March 31, 2025December 31, 2024Accrued expenses and other liabilitiesAccrued payroll and other employee compensation$110.3 $147.8 Restructuring