10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193125-19-284707`
Period End Date	20190930
Filing Date	20191105
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	gsah-20191031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 24 Cash Flow Statement 33 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
Cash	`Cash`	$194.53K	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`	$353.81K	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`	$341.42K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.18M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$548.34K	USD	Point-in-time
Cash and cash equivalents held in Trust Account	`AssetsHeldInTrustNoncurrent`	$694.88M	USD	Point-in-time
Cash and cash equivalents held in Trust Account	`AssetsHeldInTrustNoncurrent`	$703.92M	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`	$1.09M	USD	Point-in-time
Total assets	`Assets`	$697.34M	USD	Point-in-time
Total assets	`Assets`	$705.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	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`	$1.23M	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`	$25.38M	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`	$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 stockholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$705.56M	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	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	3 Qtrs
Dividend income	`InvestmentIncomeDividend`	$3.54M	USD	1 Quarter
Dividend income	`InvestmentIncomeDividend`	$3.16M	USD	1 Quarter
Dividend income	`InvestmentIncomeDividend`	$3.77M	USD	3 Qtrs
Dividend income	`InvestmentIncomeDividend`	$11.31M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$252.41K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.73M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$376.10K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$850.58K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.90M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.58M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.69M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.39M	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$564.60K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$2.01M	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$607.42K	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$711.63K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$2.68M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$2.12M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.30M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.57M	USD	3 Qtrs

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$7.57M	USD	3 Qtrs
Net income	`ProfitLoss`	$2.68M	USD	3 Qtrs
(Increase) decrease in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$-185.34K	USD	3 Qtrs
(Increase) decrease in dividend receivable	`IncreaseDecreaseInDividendsReceivable`	$1.07M	USD	3 Qtrs
Decrease in receivable from GS DC Sponsor I LLC	`IncreaseDecreaseDueFromOfficersAndStockholders`	$-25.00K	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$12.39K	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$409.55K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$590.08K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$199.63K	USD	3 Qtrs
Increase (decrease) in accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$711.63K	USD	3 Qtrs
Increase (decrease) in accrued tax payable	`IncreaseDecreaseInAccruedLiabilities`	$-94.22K	USD	3 Qtrs
Decrease in deferred offering costs	`IncreaseDecreaseInDeferredOfferingCosts`	$538.88K	USD	3 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.14M	USD	3 Qtrs
Net cash provided by / (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.70M	USD	3 Qtrs
Proceeds from sponsor commitment	`ProceedsFromSponsorCommitment`	$700.00K	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
Proceeds from sale of Class A common stock to public	`ProceedsFromIssuanceInitialPublicOffering`	$690.00M	USD	3 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	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$15.80M	USD	Point-in-time
Payment of underwriting discounts	`PaymentOfUnderwritingDiscounts`	$13.80M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$454.07K	USD	3 Qtrs
Net cash provided by/ (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$691.55M	USD	3 Qtrs
Net cash provided by/ (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$700.00K	USD	3 Qtrs
Increase / (Decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.40M	USD	3 Qtrs
Increase / (Decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$693.68M	USD	3 Qtrs
Cash and restricted cash and cash equivalents, at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$704.11M	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`	$693.68M	USD	Point-in-time
Cash and restricted cash and cash equivalents, at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$704.11M	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`	$693.68M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
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
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Class A common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$690.00M	USD	3 Qtrs
Private Placement Warrants issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$15.80M	USD	3 Qtrs
Accretion for Class A common stock to redemption amount	`AdjustmentsToAdditionalPaidInCapitalAccretionInRedemptionAmount`	$38.94M	USD	3 Qtrs
Accretion for Class A common stock to redemption amount	`AdjustmentsToAdditionalPaidInCapitalAccretionInRedemptionAmount`	$8.48M	USD	3 Qtrs
Change in Class A common stock subject to possible redemption	`TemporaryEquityIssuedDuringPeriodValueNewIssues`	$209.13K	USD	3 Qtrs
Change in Class A common stock subject to possible redemption	`TemporaryEquityIssuedDuringPeriodValueNewIssues`	$664.56M	USD	3 Qtrs
Proceeds from sponsor commitment	`AdjustmentsToAdditionalPaidInCapitalProceedsFromSponsorCommitment`	$700.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.68M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.12M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.57M	USD	3 Qtrs
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
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.