10-Q Filing

VERTIV HOLDINGS CO CIK: 1674101 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-026777`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	vrt-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 70 Cash Flow Statement 82 Stockholders Equity 48 Comprehensive Income 26

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.40M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$24.50M	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`	$260.60M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$274.90M	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 $24.5 and $18.4, respectively	`AccountsReceivableNetCurrent`	$1.89B	USD	Point-in-time
Accounts receivable, less allowances of $24.5 and $18.4, respectively	`AccountsReceivableNetCurrent`	$2.02B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$920.20M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$822.00M	USD	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$187.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$160.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.16B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.38B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$489.40M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	380.37M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	377.37M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$503.30M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	377.37M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	380.37M	shares	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Goodwill	`Goodwill`	$1.30B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.82B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.75B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$46.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$48.20M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$166.40M	USD	Point-in-time
Right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$160.10M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$120.50M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$134.00M	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.45B	USD	Point-in-time
Total other assets	`NonCurrentAssetsExcludingPropertyPlantAndEquipmentNet`	$3.38B	USD	Point-in-time
Total assets	`Assets`	$7.26B	USD	Point-in-time
Total assets	`Assets`	$7.10B	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`	$941.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$984.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$358.70M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$520.00M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$513.70M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$538.40M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$33.40M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$19.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.06B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.90B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$3.17B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.93B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$184.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$176.50M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$78.90M	USD	Point-in-time
Warrant liabilities	`WarrantAndRightsOutstandingNoncurrent`	$58.70M	USD	Point-in-time
Long-term lease liabilities	`OperatingAndFinanceLeaseLiabilityNoncurrent`	$127.60M	USD	Point-in-time
Long-term lease liabilities	`OperatingAndFinanceLeaseLiabilityNoncurrent`	$132.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$219.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$224.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.65B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.60B	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, 380,365,639 and 377,368,837 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 700,000,000 shares authorized, 380,365,639 and 377,368,837 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.63B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.68B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.01B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.14B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.20M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.80M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.44B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.42B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.66B	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.55B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.26B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.10B	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.73B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.26B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.40B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.56B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.14B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.03B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.88B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.17B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$636.30M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$327.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$287.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$579.80M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$55.80M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$90.60M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$45.40M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssetsExcludingCostsOfSales`	$113.50M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$800.00K	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$1.60M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$22.20M	USD	2 Qtrs
Restructuring costs	`RestructuringCharges`	$9.10M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.60M	USD	2 Qtrs
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.60M	USD	2 Qtrs
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.50M	USD	1 Quarter
Foreign currency (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.90M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$1.80M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$6.30M	USD	2 Qtrs
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$1.40M	USD	1 Quarter
Other operating expense (income)	`OtherOperatingIncomeExpenseNet`	$2.40M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-19.00M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$336.10M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$26.20M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$205.80M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$62.70M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$93.70M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$46.90M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$33.40M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-38.90M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$41.80M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$46.00M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-133.80M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$112.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$200.60M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$52.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$11.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$67.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$29.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$23.30M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$83.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$28.80M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$133.50M	USD	2 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.08	USD	2 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.28	USD	2 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	376.59M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	379.04M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	379.94M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	376.29M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	381.12M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	382.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	378.49M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	377.26M	shares	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$83.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$28.80M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$133.50M	USD	2 Qtrs
Depreciation	`Depreciation`	$35.50M	USD	2 Qtrs
Depreciation	`Depreciation`	$35.70M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$98.20M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$120.70M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.60M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-9.20M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$4.70M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$4.80M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-38.90M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$41.80M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$46.00M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-133.80M	USD	2 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$377.80M	USD	2 Qtrs
Changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$35.50M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$13.80M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$12.30M	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	-	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$8.70M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-12.00M	USD	2 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$3.30M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-337.90M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$295.60M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.60M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.20M	USD	2 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$6.70M	USD	2 Qtrs
Investments in capitalized software	`PaymentsForSoftware`	$2.50M	USD	2 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.00M	USD	2 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.40M	USD	2 Qtrs
Proceeds from disposition of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.90M	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.70M	USD	2 Qtrs
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	$447.60M	USD	2 Qtrs
Borrowings from ABL revolving credit facility and short-term borrowings	`ProceedsFromRevolvingCreditFacilityAndShortTermBorrowings`	$159.70M	USD	2 Qtrs
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	$394.70M	USD	2 Qtrs
Repayments of ABL revolving credit facility and short-term borrowings	`RepaymentsOfRevolvingCreditFacilityAndShortTermBorrowings`	$254.70M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfSeniorDebt`	$10.90M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfSeniorDebt`	$16.40M	USD	2 Qtrs
Payment of tax receivable agreement	`PaymentOfTaxReceivableAgreement`	$12.50M	USD	2 Qtrs
Payment of tax receivable agreement	`PaymentOfTaxReceivableAgreement`	-	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	2 Qtrs
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$12.80M	USD	2 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$10.00M	USD	2 Qtrs
Exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$1.10M	USD	2 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.30M	USD	2 Qtrs
Employee taxes paid from shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.50M	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-243.90M	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$153.50M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.50M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	USD	2 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.00M	USD	2 Qtrs
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-241.80M	USD	2 Qtrs
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$205.30M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$447.10M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$273.20M	USD	Point-in-time
Beginning cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.20M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$205.30M	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`	$273.20M	USD	Point-in-time
Ending cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.20M	USD	Point-in-time
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$169.80M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$128.90M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$187.10M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$96.50M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.40M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$10.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.60M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-36.60M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$161.30M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$39.50M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-54.10M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$27.50M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$30.30M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-16.90M	USD	2 Qtrs
Total changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$377.80M	USD	2 Qtrs
Total changes in operating working capital	`IncreaseDecreaseInOperatingCapital`	$35.50M	USD	2 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	377.37M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	380.37M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.42B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.66B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.55B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$83.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$28.80M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$133.50M	USD	2 Qtrs
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	876,358.00	shares	1 Quarter
Vested (in shares)	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares`	562,320.00	shares	1 Quarter
Shares withheld for tax obligation (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	197,265.00	shares	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.80M	USD	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.00M	USD	1 Quarter
Shares withheld for tax obligation (in shares)	`SharesPaidForTaxWithholdingForShareBasedCompensation`	312,761.00	shares	1 Quarter
Exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.20M	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.40M	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Decrease for tax withholding obligation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.30M	USD	1 Quarter
Stock-based compensation, net of withholding for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.40M	USD	1 Quarter
Stock-based compensation, net of withholding for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.90M	USD	1 Quarter
Stock-based compensation, net of withholding for tax	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.40M	USD	1 Quarter
Vested	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1`	$6.80M	USD	1 Quarter
Vested	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1`	$7.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.60M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.20M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.80M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.30M	USD	1 Quarter
Employee 401K match with Vertiv stock	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.10M	USD	1 Quarter
Exercise of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$21.60M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$9.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-127.90M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$27.30M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$18.00M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	377.37M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	380.37M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.35B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.45B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.44B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.42B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.66B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.55B	USD	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$83.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$50.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$28.80M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$133.50M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-186.20M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$40.00M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-149.90M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.40M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$10.60M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$76.20M	USD	2 Qtrs
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$22.00M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-3.30M	USD	2 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$300.00K	USD	2 Qtrs
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-109.90M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-127.90M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$9.10M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$36.40M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$169.90M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-81.10M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$92.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-107.60M	USD	1 Quarter

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