10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001628280-21-020992`
Period End Date	20210930
Filing Date	20211101
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	vrt-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 80 Cash Flow Statement 102 Stockholders Equity 66 Comprehensive Income 32

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.00M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.00M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$743.60M	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
Accounts receivable, less allowances of $13.0 and $15.0, respectively	`AccountsReceivableNetCurrent`	$1.35B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowances of $13.0 and $15.0, respectively	`AccountsReceivableNetCurrent`	$1.39B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$577.40M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$446.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$154.40M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Total current assets	`AssetsCurrent`	$2.86B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$427.60M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	342.02M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	352.50M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$388.40M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	352.50M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	342.02M	shares	Point-in-time
Goodwill	`Goodwill`	$607.20M	USD	Point-in-time
Goodwill	`Goodwill`	$588.60M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.30B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.19B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$15.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$20.90M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$196.80M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$216.50M	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$2.01B	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$2.13B	USD	Point-in-time
Total assets	`Assets`	$5.07B	USD	Point-in-time
Total assets	`Assets`	$5.26B	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`	$730.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$768.80M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$825.60M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$901.80M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$18.80M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$30.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.65B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.12B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.13B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$116.50M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$86.60M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$140.00M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$87.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$484.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$485.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.56B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.48B	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, 352,499,706 and 342,024,612 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 352,499,706 and 342,024,612 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.99B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.79B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.23B	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`	$32.00M	USD	Point-in-time
Total equity	`StockholdersEquity`	$213.00M	USD	Point-in-time
Total equity	`StockholdersEquity`	$728.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$512.10M	USD	Point-in-time
Total equity	`StockholdersEquity`	$743.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$276.20M	USD	Point-in-time
Total equity	`StockholdersEquity`	$-704.80M	USD	Point-in-time
Total equity	`StockholdersEquity`	$146.10M	USD	Point-in-time
Total equity	`StockholdersEquity`	$785.70M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.07B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.26B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.23B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.06B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.59B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.16B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.44B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$847.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.02B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$749.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$257.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$779.60M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$742.80M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$251.70M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$95.30M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$97.10M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$31.60M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$32.50M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$-3.80M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$73.00M	USD	3 Qtrs
Restructuring costs	`RestructuringCharges`	$-700.00K	USD	3 Qtrs
Restructuring costs	`RestructuringCharges`	$71.70M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-16.30M	USD	3 Qtrs
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.10M	USD	3 Qtrs
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-11.70M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.90M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$9.40M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$8.70M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$8.70M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$21.70M	USD	3 Qtrs
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-200.00K	USD	3 Qtrs
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-700.00K	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-900.00K	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-2.00M	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$35.10M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$263.80M	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$81.80M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$93.50M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$22.40M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$125.40M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$66.50M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$26.40M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-174.00M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-32.50M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$109.30M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$87.70M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$52.30M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-79.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$144.60M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-315.20M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$91.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$24.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$47.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$52.60M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$35.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-367.80M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	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`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-103.50M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-0.32	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.28	USD	3 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-1.23	USD	3 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.27	USD	3 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.32	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-1.23	USD	3 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	351.44M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	352.48M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	299.27M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	328.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	299.27M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	363.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	328.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	355.97M	shares	3 Qtrs

Cash Flow Statement 102 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-367.80M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	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`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-103.50M	USD	1 Quarter
Depreciation	`Depreciation`	$51.60M	USD	3 Qtrs
Depreciation	`Depreciation`	$42.90M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$107.80M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$105.50M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-22.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-7.70M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$4.60M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$9.00M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-174.00M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-32.50M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$109.30M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$87.70M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$52.30M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$9.40M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$8.70M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$8.70M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$21.70M	USD	3 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$102.10M	USD	3 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$160.00M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$17.50M	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$7.00M	USD	3 Qtrs
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	$18.80M	USD	3 Qtrs
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	$3.30M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$15.20M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$1.50M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$174.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.40M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.30M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.30M	USD	3 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$4.90M	USD	3 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$9.50M	USD	3 Qtrs
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.10M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.20M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.70M	USD	3 Qtrs
Borrowings from ABL revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	3 Qtrs
Borrowings from ABL revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$324.20M	USD	3 Qtrs
Repayments of ABL revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	3 Qtrs
Repayments of ABL revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$370.50M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromOtherShortTermDebt`	-	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromOtherShortTermDebt`	$22.00M	USD	3 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebtExcludingNotesPayable`	$3.80M	USD	3 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebtExcludingNotesPayable`	-	USD	3 Qtrs
Borrowing on Term Loan, net of discount	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	3 Qtrs
Borrowing on Term Loan, net of discount	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$2.19B	USD	3 Qtrs
Repayment of Prior Notes	`RepaymentsOfNotesPayable`	$1.37B	USD	3 Qtrs
Repayment of Prior Notes	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Payment of redemption premiums	`PaymentsForEarlyPaymentOfNotesRedemptionPremium`	-	USD	3 Qtrs
Payment of redemption premiums	`PaymentsForEarlyPaymentOfNotesRedemptionPremium`	$75.00M	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$11.20M	USD	3 Qtrs
Proceeds from reverse recapitalization, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from reverse recapitalization, net	`ProceedsFromIssuanceOfCommonStock`	$1.83B	USD	3 Qtrs
Payment to Vertiv Stockholder	`PaymentToVertivStockholder`	-	USD	3 Qtrs
Payment to Vertiv Stockholder	`PaymentToVertivStockholder`	$341.60M	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	3 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$2.60M	USD	3 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.20M	USD	3 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Other financing	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.30M	USD	3 Qtrs
Other financing	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$86.50M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$112.30M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.90M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-5.20M	USD	3 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$209.00M	USD	3 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$98.60M	USD	3 Qtrs
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$751.60M	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`	$332.30M	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`	$751.60M	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`	$332.30M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.60M	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$76.50M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$67.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$147.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$64.50M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-8.00M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.40M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$63.10M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.80M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.70M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.80M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.70M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.90M	USD	3 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$102.10M	USD	3 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$160.00M	USD	3 Qtrs

Stockholders Equity 66 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	352.50M	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`	$-32.50M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$109.30M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$87.70M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$52.30M	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	3 Qtrs
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	29,605.00	shares	1 Quarter
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	906,197.00	shares	2 Qtrs
Beginning balance (in shares)	`CommonStockSharesOutstanding`	352.50M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	342.02M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$213.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$728.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$743.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$276.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-704.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$146.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$785.70M	USD	Point-in-time
Shares withheld for tax obligation (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	320,058.00	shares	2 Qtrs
Shares withheld for tax obligation (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	2,536.00	shares	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.00M	USD	2 Qtrs
Tax Receivable Agreement	`AdjustmentsToAdditionalPaidInCapitalTaxReceivableAgreement`	$133.40M	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$200.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-367.80M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	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`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-103.50M	USD	1 Quarter
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$1.20B	USD	1 Quarter
Merger recapitalization	`StockIssuedDuringPeriodValueAcquisitions`	$179.50M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.40M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$900.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$800.00K	USD	1 Quarter
Stock comp activity, net of withholdings for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.50M	USD	1 Quarter
Stock comp activity, net of withholdings for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-800.00K	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.30M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.50M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$1.30M	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
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.90M	USD	1 Quarter
Other merger adjustment	`StockholdersEquityOther`	-	USD	1 Quarter
Other merger adjustment	`StockholdersEquityOther`	$400.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.30M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$32.70M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-52.60M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-23.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$2.40M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	352.50M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	342.02M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$213.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$728.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$743.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$276.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-704.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$146.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$785.70M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-367.80M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	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`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-103.50M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.70M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-28.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$46.10M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-43.90M	USD	3 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-2.30M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-37.80M	USD	3 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$28.00M	USD	3 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$2.70M	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$-11.10M	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$5.10M	USD	3 Qtrs
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$2.20M	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionBeforeTaxAfterReclassificationAdjustmentAttributableToParent`	$-3.10M	USD	3 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$200.00K	USD	3 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$500.00K	USD	3 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-29.20M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-19.50M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-23.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$32.70M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-397.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$33.20M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-70.80M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$78.10M	USD	3 Qtrs

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