Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 24

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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ITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

VERTIV HOLDINGS CO

(Dollars in millions)Nine months ended September 30, 2025Nine months ended September 30, 2024Cash flows from operating activities:Net income (loss)$887.2 $348.8 Adjustments to reconcile net income (loss) to net cash used for operating activities:Depreciation70.9 60.7 Amortization149.4 145.3 Deferred income taxes92.2 (53.1)Amortization of debt discount and issuance costs5.3 5.5 Change in fair value of warrant liabilities— 269.2 Stock-based compensation38.7 25.8 Changes in operating working capital(140.7)69.2 Other31.9 22.7 Net cash provided by (used for) operating activities1,134.9 894.1 Cash flows from investing activities:Capital expenditures(126.7)(106.3)Investments in capitalized software(4.7)(14.4)Purchase of short-term investments(539.6)— Acquisition of businesses, net of cash acquired(221.7)— Net cash provided by (used for) investing activities(892.7)(120.7)Cash flows from financing activities:Borrowings from ABL revolving credit facility and short-term borrowings— 270.0 Repayments of ABL revolving credit facility and short-term borrowings— (270.0)Repayment of long-term debt(15.7)(15.9)Dividend payment(42.6)(28.1)Repurchase of common stock— (599.9)Exercise of employee stock options22.0 25.0 Employee taxes paid from shares withheld(8.0)(21.5)Net cash provided by (used for) financing activities(44.3)(640.4)Effect of exchange rate changes on cash and cash equivalents14.1 (4.2)Increase (decrease) in cash, cash equivalents and restricted cash212.0 128.8 Beginning cash, cash equivalents and restricted cash1,232.2 788.6 Ending cash, cash equivalents and restricted cash$1,444.2 $917.4 Changes in operating working capitalAccounts receivable$(339.8)$(190.4)Inventories(143