10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-027344`
Period End Date	20220930
Filing Date	20221031
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	vrt-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 80 Cash Flow Statement 96 Stockholders Equity 64 Comprehensive Income 32

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.10M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.90M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$439.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$258.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowances of $15.9 and $14.1, respectively	`AccountsReceivableNetCurrent`	$1.54B	USD	Point-in-time
Accounts receivable, less allowances of $15.9 and $14.1, respectively	`AccountsReceivableNetCurrent`	$1.74B	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
Inventories	`InventoryNet`	$616.30M	USD	Point-in-time
Inventories	`InventoryNet`	$804.30M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$167.70M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$106.80M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.70B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.97B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	375.80M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$466.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$489.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	377.06M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	375.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	377.06M	shares	Point-in-time
Goodwill	`Goodwill`	$1.33B	USD	Point-in-time
Goodwill	`Goodwill`	$1.25B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.80B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.14B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$43.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$47.90M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$295.00M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$235.50M	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.39B	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.75B	USD	Point-in-time
Total assets	`Assets`	$6.83B	USD	Point-in-time
Total assets	`Assets`	$6.94B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$882.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$858.50M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$900.30M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$953.40M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$21.10M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$33.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.84B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$3.22B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.95B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$152.10M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$198.80M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$149.60M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$25.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$320.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$368.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.56B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.52B	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, 377,058,727 and 375,801,857 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 377,058,727 and 375,801,857 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.62B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.60B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.22B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.17B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-189.40M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$35.60M	USD	Point-in-time
Total equity	`StockholdersEquity`	$728.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$785.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$512.10M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.42B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total equity	`StockholdersEquity`	$743.70M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.83B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.94B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.59B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.48B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.23B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.04B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.05B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.93B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$847.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.44B	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$295.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$779.60M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$257.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$875.00M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$95.30M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$167.70M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$31.60M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$54.20M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$100.00K	USD	3 Qtrs
Restructuring costs	`RestructuringCharges`	$-1.50M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$-700.00K	USD	3 Qtrs
Restructuring costs	`RestructuringCharges`	$-3.80M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-200.00K	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.10M	USD	3 Qtrs
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.90M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.80M	USD	3 Qtrs
Asset impairments	`AssetImpairmentCharges`	$8.70M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$8.70M	USD	3 Qtrs
Asset impairments	`AssetImpairmentCharges`	-	USD	3 Qtrs
Asset impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-1.20M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-700.00K	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$-200.00K	USD	3 Qtrs
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$1.20M	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$81.80M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$61.00M	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$80.00M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$263.80M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$38.80M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$101.50M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$22.40M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$66.50M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$9.80M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-124.00M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$52.30M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-32.50M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$91.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$144.60M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.50M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$35.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$10.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$33.50M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$47.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$21.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$50.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.13	USD	3 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.28	USD	3 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.20	USD	3 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.27	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	352.48M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	351.44M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	376.53M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	377.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	377.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	378.04M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	363.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	355.97M	shares	3 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$21.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$50.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Depreciation	`Depreciation`	$51.60M	USD	3 Qtrs
Depreciation	`Depreciation`	$53.30M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$178.60M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$105.50M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-22.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-22.30M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$7.40M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$4.60M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-400.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$9.80M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-124.00M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$52.30M	USD	3 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-32.50M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$8.70M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$8.70M	USD	3 Qtrs
Asset impairments	`AssetImpairmentCharges`	-	USD	3 Qtrs
Asset impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$448.00M	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`	$20.10M	USD	3 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$8.70M	USD	3 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	-	USD	3 Qtrs
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	-	USD	3 Qtrs
Changes in tax receivable agreement	`IncreaseDecreaseInTaxReceivableAgreement`	$3.30M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$15.20M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-40.20M	USD	3 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-333.50M	USD	3 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$174.40M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.30M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$61.70M	USD	3 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$8.00M	USD	3 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$9.50M	USD	3 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.00M	USD	3 Qtrs
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.10M	USD	3 Qtrs
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.70M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.70M	USD	3 Qtrs
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	$578.40M	USD	3 Qtrs
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	-	USD	3 Qtrs
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	-	USD	3 Qtrs
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	$281.50M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfSeniorDebt`	$10.90M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfSeniorDebt`	$16.40M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$500.00K	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Payment of tax receivable agreement	`PaymentOfTaxReceivableAgreement`	$25.00M	USD	3 Qtrs
Payment of tax receivable agreement	`PaymentOfTaxReceivableAgreement`	-	USD	3 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$12.80M	USD	3 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	3 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$2.60M	USD	3 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$1.30M	USD	3 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.20M	USD	3 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.30M	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$244.70M	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$86.50M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-5.20M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-14.90M	USD	3 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-178.40M	USD	3 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$209.00M	USD	3 Qtrs
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$447.10M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$542.60M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$751.60M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$268.70M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$447.10M	USD	Point-in-time
Ending 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`	$268.70M	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$257.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$67.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$147.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$202.30M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.40M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.20M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.20M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$63.10M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.70M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-15.70M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.70M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-11.00M	USD	3 Qtrs
Total changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$448.00M	USD	3 Qtrs
Total changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$160.00M	USD	3 Qtrs

Stockholders Equity 64 line items

Line Item	Tag	Value	Unit	Period
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	$107.50M	USD	3 Qtrs
Proceeds from the exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	29,605.00	shares	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	375.80M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	377.06M	shares	Point-in-time
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	906,197.00	shares	1 Quarter
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	876,358.00	shares	1 Quarter
Shares withheld for tax obligation (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	2,536.00	shares	1 Quarter
Beginning balance	`StockholdersEquity`	$728.70M	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	1 Quarter
Beginning balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Shares withheld for tax obligation (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	312,761.00	shares	1 Quarter
Beginning balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.42B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$743.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.27B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$21.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$50.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$200.00K	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.30M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.00M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.40M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$200.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$800.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$900.00K	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
Stock comp activity, net of withholdings for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.90M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.30M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.80M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.50M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.20M	USD	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`	$5.60M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.30M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.60M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-23.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$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`	$18.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-115.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-127.90M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	375.80M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	377.06M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$728.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$785.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$512.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.42B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$743.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.27B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$21.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$31.70M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$97.60M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$50.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-28.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-332.30M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-43.90M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-146.10M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$28.00M	USD	3 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$107.10M	USD	3 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$2.70M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$30.90M	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParent`	-	USD	3 Qtrs
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParent`	$-3.10M	USD	3 Qtrs
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParent`	-	USD	1 Quarter
Tax receivable agreement	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustmentAttributableToParent`	$2.20M	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$500.00K	USD	3 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-200.00K	USD	3 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-23.00M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-225.00M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-19.50M	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-115.10M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-175.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-93.90M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$33.20M	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.