10-K Filing

VERTIV HOLDINGS CO CIK: 1674101 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001193125-19-072362`
Period End Date	20181231
Filing Date	20190313
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	gsah-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 24 Cash Flow Statement 33 Stockholders Equity 23 Comprehensive Income 1

Balance Sheet 41 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`	$835.54K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$341.42K	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
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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.18M	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`	$25.00K	USD	Point-in-time
Total assets	`Assets`	$697.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$644.21K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$538.88K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$94.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.28M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCommissions`	$24.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28K	USD	Point-in-time
Total liabilities	`Liabilities`	$25.43M	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`	$271.93K	USD	Point-in-time
Retained earnings/(Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-304.69K	USD	Point-in-time
Retained earnings/(Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$4.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.72K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$25.00K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$697.34M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	Annual
Dividend income	`InvestmentIncomeDividend`	$7.41M	USD	Annual
Professional fees paid by GS Sponsor LLC on behalf of the Company	`ProfessionalFees`	$303.42K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$660.80K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.04M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$252.41K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$788.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$122.90K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28K	USD	1 Quarter
Income (loss) before income tax (provision) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-303.42K	USD	3 Qtrs
Income (loss) before income tax (provision) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.37M	USD	Annual
Income (loss) before income tax (provision) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.28K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.34M	USD	Annual
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`	$-596.00	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$-1.28K	USD	Annual
Net Income/ (loss)	`NetIncomeLoss`	$-1.28K	USD	1 Quarter
Net Income/ (loss)	`NetIncomeLoss`	$-303.42K	USD	3 Qtrs
Net Income/ (loss)	`NetIncomeLoss`	$2.35M	USD	1 Quarter

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.28K	USD	Annual
Net income (loss)	`ProfitLoss`	$-303.42K	USD	Annual
Net income (loss)	`ProfitLoss`	$5.03M	USD	Annual
Dividend earned on investments held in Trust Account	`DividendEarnedOnInvestmentsHeldInTrustAccount`	$4.88M	USD	Annual
(Increase) in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$1.28M	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$341.42K	USD	Annual
(Increase) decrease in receivable from GS DC Sponsor I LLC	`IncreaseDecreaseDueFromOfficersAndStockholders`	$-25.00K	USD	Annual
(Increase) 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 accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$94.44K	USD	Annual
Professional fees paid by GS Sponsor LLC on behalf of the Company	`IncreaseDecreaseInProfessionalFees`	$-303.42K	USD	Annual
Net cash provided by /(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-710.39K	USD	Annual
Net cash provided by /(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.00K	USD	Annual
Proceeds deposited into Trust account	`PaymentsForDeposits`	$690.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-690.00M	USD	Annual
Proceeds from sale of Class B common stock to GS Sponsor LLC	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Annual
Proceeds from sale of Units in Public Offering	`ProceedsFromIssuanceInitialPublicOffering`	$690.00M	USD	Annual
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$15.80M	USD	Annual
Payment of underwriting discounts	`PaymentsForUnderwritingExpense`	$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
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
Repayment of GS DC Sponsor I LLC promissory note	`RepaymentsOfNotesPayable`	$300.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$691.55M	USD	Annual
Increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$835.54K	USD	Annual
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$835.54K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$835.54K	USD	Point-in-time
Cash paid during the year for income taxes	`IncomeTaxesPaidNet`	$1.25M	USD	Annual
Accrued offering costs	`NoncashFinancingActivitiesAccruedOfferingCosts`	$538.88K	USD	Annual
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$24.15M	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$25.00K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$23.72K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Class A common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$28.05M	USD	Annual
Class A common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	3 Qtrs
Professional fees paid by GS Sponsor LLC on behalf of the Company	`AdjustmentsToAdditionalPaidInCapitalProfessionalFees`	$-303.42K	USD	3 Qtrs
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
Change in Class A common stock subject to possible redemption	`TemporaryEquityIssuedDuringPeriodValueNewIssues`	$945.37K	USD	Annual
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`	$-596.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.28K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.28K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-303.42K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.35M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$25.00K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$23.72K	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time

Comprehensive Income 1 line items

Line Item	Tag	Value	Unit	Period
Sale of common stock, Per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time

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