10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-319562`
Period End Date	20180930
Filing Date	20181106
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	gsah-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 14 Cash Flow Statement 23

Balance Sheet 38 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$984.92K	USD	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
Prepaid expenses	`PrepaidExpenseCurrent`	$409.55K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivable from GS Sponsor LLC	`AccountsReceivableGrossCurrent`	$25.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.39M	USD	Point-in-time
Cash and cash equivalents held in Trust Account	`AssetsHeldInTrustNoncurrent`	$692.70M	USD	Point-in-time
Accrued dividends receivable held in Trust Account	`DividendsReceivable`	$1.07M	USD	Point-in-time
Total assets	`Assets`	$25.00K	USD	Point-in-time
Total assets	`Assets`	$695.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$200.91K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$538.88K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$711.63K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.28K	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCommissions`	$24.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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`	$326.69K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.62M	USD	Point-in-time
Retained earnings/(Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-304.69K	USD	Point-in-time
Retained earnings/(Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$2.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.72K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$695.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$25.00K	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Dividend income	`InvestmentIncomeDividend`	$3.77M	USD	3 Qtrs
Dividend income	`InvestmentIncomeDividend`	$3.16M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$376.10K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$252.41K	USD	1 Quarter
Income (loss) before income tax (provision) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.39M	USD	3 Qtrs
Income (loss) before income tax (provision) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.90M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$607.42K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$711.63K	USD	3 Qtrs
Net Income/ (loss)	`NetIncomeLoss`	$2.30M	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$2.68M	USD	3 Qtrs

Cash Flow Statement 23 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.68M	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InterestEarnedOnInvestmentsHeldInTrustAccount`	$2.70M	USD	3 Qtrs
Increase in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$1.07M	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$409.55K	USD	3 Qtrs
Decrease in receivable from GS DC Sponsor I LLC	`IncreaseDecreaseDueFromOfficersAndStockholders`	$-25.00K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$199.63K	USD	3 Qtrs
Increase in accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$711.63K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-561.01K	USD	3 Qtrs
Proceeds deposited into Trust account	`PaymentsForDeposits`	$690.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-690.00M	USD	3 Qtrs
Proceeds from sale of Units in Public Offering	`ProceedsFromIssuanceInitialPublicOffering`	$690.00M	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$15.80M	USD	3 Qtrs
Payment of underwriting discounts	`PaymentsForUnderwritingExpense`	$13.80M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$454.07K	USD	3 Qtrs
Proceeds from GS DC Sponsor I LLC promissory note	`ProceedsFromNotesPayable`	$300.00K	USD	3 Qtrs
Repayment of GS DC Sponsor I LLC promissory note	`RepaymentsOfNotesPayable`	$300.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$691.55M	USD	3 Qtrs
Increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$984.92K	USD	3 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$984.92K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$984.92K	USD	Point-in-time
Accrued offering costs	`NoncashFinancingActivitiesAccruedOfferingCosts`	$538.88K	USD	3 Qtrs
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$24.15M	USD	3 Qtrs

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