Vertiv Holdings Co
For the period ended Sep 30, 2025. Filed Oct 22, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Oct 22, 2025
VRT$194.22-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine months ended September 30, 2025 | Nine months ended September 30, 2024 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | $887.2 | $348.8 |
| Adjustments to reconcile net income (loss) to net cash used for operating activities: | ||
| Depreciation | 70.9 | 60.7 |
| Amortization | 149.4 | 145.3 |
| Deferred income taxes | 92.2 | (53.1) |
| Amortization of debt discount and issuance costs | 5.3 | 5.5 |
| Change in fair value of warrant liabilities | — | 269.2 |
| Stock-based compensation | 38.7 | 25.8 |
| Changes in operating working capital | (140.7) | 69.2 |
| Other | 31.9 | 22.7 |
| Net cash provided by (used for) operating activities | 1,134.9 | 894.1 |
| Cash flows from investing activities: | ||
| Capital expenditures | (126.7) | (106.3) |
| Investments in capitalized software | (4.7) | (14.4) |
| Purchase of short-term investments | (539.6) | — |
| Acquisition of businesses, net of cash acquired | (221.7) | — |
| Net cash provided by (used for) investing activities | (892.7) | (120.7) |
| Cash flows from financing activities: | ||
| Borrowings from ABL revolving credit facility and short-term borrowings | — | 270.0 |
| Repayments of ABL revolving credit facility and short-term borrowings | — | (270.0) |
| Repayment of long-term debt | (15.7) | (15.9) |
| Dividend payment | (42.6) | (28.1) |
| Repurchase of common stock | — | (599.9) |
| Exercise of employee stock options | 22.0 | 25.0 |
| Employee taxes paid from shares withheld | (8.0) | (21.5) |
| Net cash provided by (used for) financing activities | (44.3) | (640.4) |
| Effect of exchange rate changes on cash and cash equivalents | 14.1 | (4.2) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 212.0 | 128.8 |
| Beginning cash, cash equivalents and restricted cash | 1,232.2 | 788.6 |
| Ending cash, cash equivalents and restricted cash | $1,444.2 | $917.4 |
| Changes in operating working capital | ||
| Accounts receivable | $(339.8) | $(190.4) |
| Inventories | (143.1) | (364.8) |
| Other current assets | (40.7) | (47.1) |
| Accounts payable | 362.1 | 258.9 |
| Deferred revenue | 49.4 | 371.7 |
| Accrued expenses and other liabilities | 45.2 | 17.2 |
| Income taxes | (73.8) | 23.7 |
| Total changes in operating working capital | $(140.7) | $69.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.