10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001628280-21-015172`
Period End Date	20210630
Filing Date	20210802
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	vrt-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 78 Cash Flow Statement 92 Stockholders Equity 55 Comprehensive Income 30

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.30M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.90M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$708.80M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$534.60M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowances of $21.9 and $22.3, respectively	`AccountsReceivableNetCurrent`	$1.35B	USD	Point-in-time
Accounts receivable, less allowances of $21.9 and $22.3, respectively	`AccountsReceivableNetCurrent`	$1.37B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$446.60M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$551.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$215.20M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$183.20M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.52B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.85B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$427.60M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	352.33M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	342.02M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$409.20M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	352.33M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	342.02M	shares	Point-in-time
Goodwill	`Goodwill`	$603.10M	USD	Point-in-time
Goodwill	`Goodwill`	$607.20M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.24B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.30B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$16.50M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$20.90M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$196.80M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$218.70M	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$2.13B	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$2.07B	USD	Point-in-time
Total assets	`Assets`	$5.33B	USD	Point-in-time
Total assets	`Assets`	$5.07B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$22.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.80M	USD	Point-in-time
Current portion of warrant liabilities	`WarrantAndRightsOutstandingCurrent`	-	USD	Point-in-time
Current portion of warrant liabilities	`WarrantAndRightsOutstandingCurrent`	$68.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$766.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$730.50M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$901.80M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$897.20M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$18.80M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$25.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.13B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.12B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$89.90M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$116.50M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$87.70M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$172.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$485.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$492.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.59B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.56B	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
Common stock, $0.0001 par value, 700,000,000 shares authorized, 352,331,540 and 342,024,612 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 352,331,540 and 342,024,612 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.98B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.29B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.33B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.50M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$55.00M	USD	Point-in-time
Total equity	`StockholdersEquity`	$743.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$512.10M	USD	Point-in-time
Total equity	`StockholdersEquity`	$728.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$-704.80M	USD	Point-in-time
Total equity	`StockholdersEquity`	$276.20M	USD	Point-in-time
Total equity	`StockholdersEquity`	$213.00M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.07B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.33B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.01B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.36B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.90B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.26B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.27B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$659.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$851.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.59B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$521.80M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$271.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$226.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$491.10M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$32.20M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$63.70M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$31.90M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$64.60M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$1.10M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$2.40M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$3.10M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$1.30M	USD	2 Qtrs
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.80M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.80M	USD	2 Qtrs
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.10M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.60M	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	-	USD	2 Qtrs
Asset impairment	`AssetImpairmentCharges`	$12.30M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$12.30M	USD	2 Qtrs
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$1.70M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-1.10M	USD	2 Qtrs
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$500.00K	USD	2 Qtrs
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$200.00K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$70.60M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$182.00M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$58.40M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$102.20M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$99.00M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$44.10M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$20.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$30.10M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-174.00M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$82.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$21.60M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$71.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$84.80M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-236.20M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$52.70M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$11.30M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$14.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$28.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-264.30M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-208.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-56.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$41.40M	USD	2 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.12	USD	2 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$-0.93	USD	2 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.12	USD	2 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.93	USD	2 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	328.41M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	350.91M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	352.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	284.53M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	328.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	284.53M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	356.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	354.88M	shares	2 Qtrs

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-264.30M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-208.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-56.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$41.40M	USD	2 Qtrs
Depreciation	`Depreciation`	$28.50M	USD	2 Qtrs
Depreciation	`Depreciation`	$35.20M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$70.50M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$72.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.90M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-22.30M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$7.60M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.30M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-174.00M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$82.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$21.60M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$71.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$84.80M	USD	2 Qtrs
Capitalized software write-off	`CapitalizedComputerSoftwareImpairments1`	$12.30M	USD	2 Qtrs
Capitalized software write-off	`CapitalizedComputerSoftwareImpairments1`	-	USD	2 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$126.10M	USD	2 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$168.60M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$11.80M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$3.20M	USD	2 Qtrs
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	$16.20M	USD	2 Qtrs
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	$1.60M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-18.30M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$19.40M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-121.70M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$120.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.20M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.40M	USD	2 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$6.20M	USD	2 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$5.40M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.40M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.80M	USD	2 Qtrs
Borrowings from ABL revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$324.20M	USD	2 Qtrs
Borrowings from ABL revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	2 Qtrs
Repayments of ABL revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$199.10M	USD	2 Qtrs
Repayments of ABL revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromOtherShortTermDebt`	-	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromOtherShortTermDebt`	$20.20M	USD	2 Qtrs
Borrowing on Term Loan, net of discount	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$2.19B	USD	2 Qtrs
Borrowing on Term Loan, net of discount	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	2 Qtrs
Repayment of Prior Notes	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayment of Prior Notes	`RepaymentsOfNotesPayable`	$1.37B	USD	2 Qtrs
Payment of redemption premiums	`PaymentsForEarlyPaymentOfNotesRedemptionPremium`	-	USD	2 Qtrs
Payment of redemption premiums	`PaymentsForEarlyPaymentOfNotesRedemptionPremium`	$75.00M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$11.20M	USD	2 Qtrs
Proceeds from reverse recapitalization, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from reverse recapitalization, net	`ProceedsFromIssuanceOfCommonStock`	$1.83B	USD	2 Qtrs
Payment to Vertiv Stockholder	`PaymentToVertivStockholder`	$341.60M	USD	2 Qtrs
Payment to Vertiv Stockholder	`PaymentToVertivStockholder`	-	USD	2 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	2 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$2.10M	USD	2 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.00M	USD	2 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$293.50M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$91.70M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.70M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.20M	USD	2 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$174.20M	USD	2 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$146.20M	USD	2 Qtrs
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.90M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$233.70M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$716.80M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.60M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$379.90M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$233.70M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$716.80M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.60M	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.40M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-27.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$107.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$66.90M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$8.10M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.20M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.90M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-21.10M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-16.00M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-116.00M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-17.20M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.40M	USD	2 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$126.10M	USD	2 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$168.60M	USD	2 Qtrs

Stockholders Equity 55 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	352.33M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	342.02M	shares	Point-in-time
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$82.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$21.60M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$71.20M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$84.80M	USD	2 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	2 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	906,197.00	shares	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	352.33M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	342.02M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$743.70M	USD	Point-in-time
Shares withheld for tax obligation (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	320,058.00	shares	1 Quarter
Beginning balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$728.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-704.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$276.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$213.00M	USD	Point-in-time
Tax Receivable Agreement	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreement`	$133.40M	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-264.30M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-208.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-56.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$41.40M	USD	2 Qtrs
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$1.20B	USD	1 Quarter
Merger recapitalization	`StockIssuedDuringPeriodValueAcquisitions`	$179.50M	USD	1 Quarter
Exercise of employee stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	76,047.00	shares	1 Quarter
Exercise of employee stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	120,721.00	shares	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.40M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$900.00K	USD	1 Quarter
Stock comp activity, net of withholdings for tax (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	586,139.00	shares	1 Quarter
Stock comp activity, net of withholdings for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-800.00K	USD	1 Quarter
Employee 401K match with Vertiv stock (in shares)	`StockIssuedDuringPeriodSharesEmployeeBenefitPlan`	69,309.00	shares	1 Quarter
Employee 401K match with Vertiv stock (in shares)	`StockIssuedDuringPeriodSharesEmployeeBenefitPlan`	107,890.00	shares	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$1.30M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.30M	USD	1 Quarter
Exercise of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$176.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$700.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.50M	USD	1 Quarter
Other merger adjustment	`StockholdersEquityOther`	$-400.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-52.60M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$2.40M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.30M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	352.33M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	342.02M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$743.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$728.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-704.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$276.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$213.00M	USD	Point-in-time

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-264.30M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-208.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-56.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$41.40M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$20.20M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-15.90M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-42.40M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$11.90M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-11.50M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-8.60M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-35.50M	USD	2 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$25.30M	USD	2 Qtrs
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$-9.40M	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$16.20M	USD	2 Qtrs
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$-5.30M	USD	2 Qtrs
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$-9.70M	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$600.00K	USD	2 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-200.00K	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$200.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.50M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.30M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.40M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-61.90M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$44.90M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$12.10M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-326.20M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-65.30M	USD	1 Quarter

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