Company: VRT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001628280-25-005905
Chunk: 159

Company: Vertiv Holdings Co
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1
Chunk 159
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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 2,118.1 Inventories1,244.4 884.3 Other current assets267.1 218.7 Total current assets5,101.8 4,001.5 Property, plant and equipment, net625.1 560.1 Other assets:Goodwill1,321.1 1,330.3 Other intangible assets, net1,487.1 1,672.9 Deferred income taxes303.3 159.8 Right-of-use assets, net202.1 173.5 Other92.0 100.4 Total other assets3,405.6 3,436.9 Total assets$9,132.5 $7,998.5 LIABILITIES AND EQUITYCurrent liabilities:Current portion of long-term debt$21.0 $21.8 Accounts payable1,316.4 986.4 Deferred revenue1,063.3 638.9