10-K Filing

VERTIV HOLDINGS CO CIK: 1674101 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001104659-20-032055`
Period End Date	20191231
Filing Date	20200312
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	gsah-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 36 Cash Flow Statement 32 Stockholders Equity 28

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$955.46K	USD	Point-in-time
Cash	`Cash`	$835.54K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents held in Trust Account	`AssetsHeldInTrustCurrent`	$706.49M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued dividends receivable held in Trust Account	`AccruedDividendReceivablesHeldInTrustAccountCurrent`	$918.72K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$341.42K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$692.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$709.05M	USD	Point-in-time
Cash and cash equivalents held in Trust Account	`AssetsHeldInTrustNoncurrent`	$694.88M	USD	Point-in-time
Accrued dividends receivable held in Trust Account	`DividendsReceivable`	$1.28M	USD	Point-in-time
Total assets	`Assets`	$709.05M	USD	Point-in-time
Total assets	`Assets`	$697.34M	USD	Point-in-time
Accounts payable and offering costs	`AccountsPayableAndOfferingCosts`	$6.60M	USD	Point-in-time
Accounts payable and offering costs	`AccountsPayableAndOfferingCosts`	$1.18M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCommissionsCurrent`	$24.15M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$94.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.28M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCommissionsNonCurrent`	$24.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.75M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption; 65,673,521 and 66,100,835 shares at redemption value at December 31, 2019 and December 31, 2018, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$673.30M	USD	Point-in-time
Class A common stock subject to possible redemption; 65,673,521 and 66,100,835 shares at redemption value at December 31, 2019 and December 31, 2018, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$666.91M	USD	Point-in-time
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$271.93K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.72K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$697.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$709.05M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Dividend income	`InvestmentIncomeDividend`	$7.41M	USD	Annual
Dividend income	`InvestmentIncomeDividend`	$14.25M	USD	Annual
Dividend income	`InvestmentIncomeDividend`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$850.58K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$660.80K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$122.90K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$252.41K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$448.99K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.04M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$788.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$433.71K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.01M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.74M	USD	Annual
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.50M	USD	Annual
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.37M	USD	Annual
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.28K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$2.11M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.34M	USD	Annual
Net Income/ (loss)	`NetIncomeLoss`	$-1.28K	USD	Annual
Net Income/ (loss)	`NetIncomeLoss`	$2.75M	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$4.39M	USD	Annual
Net Income/ (loss)	`NetIncomeLoss`	$-1.28K	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$2.69M	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$2.12M	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$386.38K	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$5.03M	USD	Annual
Net Income/ (loss)	`NetIncomeLoss`	$2.30M	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$2.35M	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$-596.00	USD	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$5.03M	USD	Annual
Net income (loss)	`ProfitLoss`	$4.39M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.28K	USD	Annual
(Increase) decrease in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$1.28M	USD	Annual
(Increase) decrease in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$-360.23K	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$351.34K	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$341.42K	USD	Annual
Decrease in receivable from GS DC Sponsor I LLC	`IncreaseDecreaseDueFromOfficersAndStockholders`	$-25.00K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.28K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$642.93K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.42M	USD	Annual
Increase (decrease) in accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$-94.44K	USD	Annual
Increase (decrease) in accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$94.44K	USD	Annual
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.17M	USD	Annual
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.72M	USD	Annual
Proceeds from sponsor commitment	`ProceedsFromSponsorCommitment`	$2.00M	USD	Annual
Proceeds from sale of Units in Public Offering	`ProceedsFromIssuanceInitialPublicOffering`	$690.00M	USD	Point-in-time
Proceeds from sale of Units in Public Offering	`ProceedsFromIssuanceInitialPublicOffering`	$690.00M	USD	Annual
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$15.80M	USD	Point-in-time
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$15.80M	USD	Annual
Payment of underwriting discounts	`PaymentOfUnderwritingDiscounts`	$13.80M	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$454.07K	USD	Annual
Proceeds from GS DC Sponsor I LLC promissory note	`ProceedsFromNotesPayable`	$300.00K	USD	Annual
Repayment of GS DC Sponsor I LLC promissory note	`RepaymentsOfNotesPayable`	$300.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$691.55M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00M	USD	Annual
Increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$695.72M	USD	Annual
Increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.72M	USD	Annual
Cash and restricted cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$707.44M	USD	Point-in-time
Cash and restricted cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$695.72M	USD	Point-in-time
Cash and restricted cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$707.44M	USD	Point-in-time
Cash and restricted cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$695.72M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$23.72K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$25.00K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Class A common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$28.05M	USD	Annual
Private Placement Warrants issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$15.80M	USD	Annual
Warrants attached to Class A common stock net of offering costs	`AdjustmentsToAdditionalPaidInCapitalWarrantsAttachedToCommonStockNetOfOfferingCosts`	$8.30M	USD	Annual
Accretion for Class A common stock to redemption amount	`AdjustmentsToAdditionalPaidInCapitalAccretionInRedemptionAmount`	$53.15M	USD	Annual
Accretion for Class A common stock to redemption amount	`AdjustmentsToAdditionalPaidInCapitalAccretionInRedemptionAmount`	$10.66M	USD	Annual
Change in Class A common stock subject to possible redemption	`TemporaryEquityIssuedDuringPeriodValueNewIssues`	$4.27M	USD	Annual
Change in Class A common stock subject to possible redemption	`TemporaryEquityIssuedDuringPeriodValueNewIssues`	$945.37K	USD	Annual
Proceeds from sponsor commitment	`AdjustmentsToAdditionalPaidInCapitalProceedsFromSponsorCommitment`	$2.00M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.28K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$2.75M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.39M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.28K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.69M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$386.38K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.03M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$2.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.35M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-596.00	USD	1 Quarter
Ending balance	`StockholdersEquity`	$23.72K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$25.00K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.