Company: VRT
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0001628280-25-019372
Chunk: 21

Company: Vertiv Holdings Co
Filing Date: 2025-04-23
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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)Interest rate swaps(9.7)6.3 Foreign currency exchange forwards6.2 2.6 Other comprehensive income (loss), net of tax73.6 (34.3)Comprehensive income (loss)$238.1 $(40.2)

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements

3

Table of contents

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

VERTIV HOLDINGS CO

(Dollars in millions)

March 31, 2025December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$1,467.3 $1,227.6 Accounts receivable, less allowances of $23.1 and $22.4, respectively2,310.5 2,362.7 Inventories1,383.5 1,244.4 Other current assets300.4 267.1 Total current assets5,461.7 5,101.8 Property, plant and equipment, net637.4 625.1 Other assets:Goodwill1,339.8 1,321.1 Other intangible assets, net1,462.7 1,487.1 Deferred income taxes269.2 303.3 Right-of-use assets, net203.7 202.1 Other76.6 92.0 Total other assets3,352.0 3,405.6 Total assets$9,451.1 $9,132.5 LIABILITIES AND EQUITYCurrent liabilities:Current portion of long-term debt$21.0 $21.0 Accounts payable1,407.1 1,316.4 Deferred revenue1,095.1 1,063.3 Accrued expenses and other liabilities534.2 612.6 Income taxes126.6 83.7 Total current liabilities3,184.0 3,097.0 Long-term debt, net2,904.1 2,907.2 Deferred income taxes238.4 240.3 Long-term lease liabilities172.2 171.4 Other long-term liabilities286.0 282.3 Total liabilities6,784.7 6,698.2 EquityPreferred stock, $0.0001 par value, 5,000,000 shares authorized, none