Vertiv Holdings Co
For the period ended Mar 31, 2026. Filed Apr 22, 2026.
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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.
Mar 31, 2026 · Filed Apr 22, 2026
VRT$194.22-3.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three months ended March 31, 2026 | Three months ended March 31, 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | $390.1 | $164.5 |
| Adjustments to reconcile net income (loss) to net cash used for operating activities: | ||
| Depreciation | 27.5 | 22.9 |
| Amortization | 80.2 | 48.7 |
| Deferred income taxes | (28.2) | 33.3 |
| Amortization of debt discount and issuance costs | 1.6 | 2.2 |
| Stock-based compensation | 17.0 | 11.2 |
| Changes in operating working capital | 227.8 | (4.8) |
| Change in fair value of contingent consideration | 33.2 | — |
| Other | 17.6 | 25.3 |
| Net cash provided by (used for) operating activities | 766.8 | 303.3 |
| Cash flows from investing activities: | ||
| Capital expenditures | (112.6) | (36.5) |
| Investments in capitalized software | (1.4) | (2.3) |
| Purchase of short-term investments | (348.4) | — |
| Proceeds from maturities of short-term investments | 100.0 | — |
| Investments in affiliates | (13.9) | — |
| Acquisition of businesses, net of cash acquired | (0.4) | — |
| Net cash provided by (used for) investing activities | (376.7) | (38.8) |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of long-term debt | 2,100.0 | — |
| Repayment of long-term debt | (2,076.1) | (5.3) |
| Dividend payment | (23.9) | (14.2) |
| Exercise of employee stock options | 23.5 | 1.3 |
| Employee taxes paid from shares withheld | (11.6) | (6.7) |
| Net cash provided by (used for) financing activities | 11.9 | (24.9) |
| Effect of exchange rate changes on cash and cash equivalents | (0.6) | 4.3 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 401.4 | 243.9 |
| Beginning cash, cash equivalents and restricted cash | 1,789.8 | 1,232.2 |
| Ending cash, cash equivalents and restricted cash | $2,191.2 | $1,476.1 |
| Changes in operating working capital | ||
| Accounts receivable | $(57.7) | $81.6 |
| Inventories | (384.2) | (128.6) |
| Other current assets | (88.5) | (29.5) |
| Accounts payable | 202.8 | 86.5 |
| Deferred revenue | 651.2 | 23.4 |
| Accrued expenses and other liabilities | (95.4) | (79.6) |
| Income taxes | (0.4) | 41.4 |
| Total changes in operating working capital | $227.8 | $(4.8) |
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