10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193125-19-214077`
Period End Date	20190630
Filing Date	20190806
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	gsah-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 24 Cash Flow Statement 32 Stockholders Equity 19

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`	$225.18K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$835.54K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$341.42K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$290.71K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$515.88K	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
Cash and cash equivalents held in Trust Account	`AssetsHeldInTrustNoncurrent`	$700.93M	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
Accrued dividends receivable held in Trust Account	`DividendsReceivable`	$1.27M	USD	Point-in-time
Total assets	`Assets`	$702.72M	USD	Point-in-time
Total assets	`Assets`	$697.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$511.48K	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
Income tax payable	`TaxesPayableCurrent`	$214.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$511.70K	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCommissions`	$24.15M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCommissions`	$24.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.66M	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`	$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`	$5.00M	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 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`	$702.72M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Dividend income	`InvestmentIncomeDividend`	$3.91M	USD	1 Quarter
Dividend income	`InvestmentIncomeDividend`	$613.69K	USD	2 Qtrs
Dividend income	`InvestmentIncomeDividend`	$7.77M	USD	2 Qtrs
Dividend income	`InvestmentIncomeDividend`	$613.69K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$433.71K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$882.70K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$123.69K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$122.90K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.48M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$490.00K	USD	2 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.89M	USD	2 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$490.79K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$730.92K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$104.21K	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$1.45M	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$104.40K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$386.38K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$385.79K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$2.75M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.44M	USD	2 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$385.79K	USD	2 Qtrs
Net income	`ProfitLoss`	$5.44M	USD	2 Qtrs
(Increase) decrease in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$613.69K	USD	2 Qtrs
(Increase) decrease in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$-11.45K	USD	2 Qtrs
Decrease in receivable from GS DC Sponsor I LLC	`IncreaseDecreaseDueFromOfficersAndStockholders`	$-25.00K	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-50.72K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-132.72K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$124.75K	USD	2 Qtrs
Increase (decrease) in accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$-94.22K	USD	2 Qtrs
Increase (decrease) in accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$104.21K	USD	2 Qtrs
Decrease in deferred offering costs	`IncreaseDecreaseInDeferredOfferingCosts`	$538.88K	USD	2 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.74M	USD	2 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.06K	USD	2 Qtrs
Proceeds from sponsor commitment	`ProceedsFromSponsorCommitment`	$700.00K	USD	2 Qtrs
Proceeds from GS DC Sponsor I LLC promissory note	`ProceedsFromNotesPayable`	$300.00K	USD	2 Qtrs
Repayment of GS DC Sponsor I LLC promissory note	`RepaymentsOfNotesPayable`	$300.00K	USD	2 Qtrs
Proceeds from sale of Class A common stock to public	`ProceedsFromIssuanceInitialPublicOffering`	$690.00M	USD	2 Qtrs
Proceeds from sale of Class A common stock to public	`ProceedsFromIssuanceInitialPublicOffering`	$690.00M	USD	Point-in-time
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	2 Qtrs
Payment of underwriting discounts	`PaymentsForUnderwritingExpense`	$13.80M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$214.91K	USD	2 Qtrs
Net cash provided by/ (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$691.79M	USD	2 Qtrs
Net cash provided by/ (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$700.00K	USD	2 Qtrs
Increase / (Decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$691.81M	USD	2 Qtrs
Increase / (Decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.44M	USD	2 Qtrs
Cash and restricted cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$691.81M	USD	Point-in-time
Cash and restricted cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$695.72M	USD	Point-in-time
Cash and restricted cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$701.16M	USD	Point-in-time
Cash and restricted cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$691.81M	USD	Point-in-time
Cash and restricted cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$695.72M	USD	Point-in-time
Cash and restricted cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$701.16M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$23.72K	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`	$690.00M	USD	2 Qtrs
Private Placement Warrants issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$15.80M	USD	2 Qtrs
Accretion for Class A common stock to redemption amount	`AdjustmentsToAdditionalPaidInCapitalAccretionInRedemptionAmount`	$5.79M	USD	2 Qtrs
Accretion for Class A common stock to redemption amount	`AdjustmentsToAdditionalPaidInCapitalAccretionInRedemptionAmount`	$38.86M	USD	2 Qtrs
Change in Class A common stock subject to possible redemption	`TemporaryEquityIssuedDuringPeriodValueNewIssues`	$-662.35M	USD	2 Qtrs
Change in Class A common stock subject to possible redemption	`TemporaryEquityIssuedDuringPeriodValueNewIssues`	$-352.19K	USD	2 Qtrs
Proceeds from sponsor commitment	`AdjustmentsToAdditionalPaidInCapitalProceedsFromSponsorCommitment`	$700.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$386.38K	USD	1 Quarter
Net income	`NetIncomeLoss`	$385.79K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.44M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$23.72K	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.