Vertiv Holdings Co
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
VRT$200.47+9.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $908.7 | $780.4 |
| Accounts receivable, less allowances of $26.3 and $29.1, respectively | 2,328.5 | 2,118.1 |
| Inventories | 1,255.2 | 884.3 |
| Other current assets | 312.2 | 218.7 |
| Total current assets | 4,804.6 | 4,001.5 |
| Property, plant and equipment, net | 593.2 | 560.1 |
| Other assets: | ||
| Goodwill | 1,348.9 | 1,330.3 |
| Other intangible assets, net | 1,572.9 | 1,672.9 |
| Deferred income taxes | 296.9 | 159.8 |
| Right-of-use assets, net | 186.6 | 173.5 |
| Other | 88.3 | 100.4 |
| Total other assets | 3,493.6 | 3,436.9 |
| Total assets | $8,891.4 | $7,998.5 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | $21.2 | $21.8 |
| Current portion of warrant liabilities | 464.2 | — |
| Accounts payable | 1,239.7 | 986.4 |
| Deferred revenue | 1,016.2 | 638.9 |
| Accrued expenses and other liabilities | 623.7 | 611.8 |
| Income taxes | 124.2 | 46.5 |
| Total current liabilities | 3,489.2 | 2,305.4 |
| Long-term debt, net | 2,909.6 | 2,919.1 |
| Deferred income taxes | 240.0 | 159.5 |
| Warrant liabilities | — | 195.0 |
| Long-term lease liabilities | 155.3 | 142.6 |
| Other long-term liabilities | 283.6 | 262.0 |
| Total liabilities | 7,077.7 | 5,983.6 |
| Equity | ||
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding | — | — |
| Common stock, $0.0001 par value, 700,000,000 shares authorized, 375,249,753 and 381,788,876 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 2,151.8 | 2,711.3 |
| Accumulated deficit | (371.2) | (691.9) |
| Accumulated other comprehensive income (loss) | 33.1 | (4.5) |
| Total equity | 1,813.7 | 2,014.9 |
| Total liabilities and equity | $8,891.4 | $7,998.5 |
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