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Income Statement
Balance Sheet
Cash Flow Statement
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Common Size IS
Op Efficiency
Credit Analysis

Vertiv Holdings Co (VRT)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-K/A10-K10-K
Cash flows from operating activities:         
    Net income (loss)  76.6119.6-327.3-140.8-314.0  
    Adjustments to reconcile net income (loss) to net cash used for operating activities:         
        Depreciation  72.069.160.357.160.4  
        Amortization  230.4157.9142.8145.8156.6  
        Deferred income taxes  -8.6-69.8-1.4-13.8-40.3  
        Amortization of debt discount and issuance costs  7.56.310.527.925.5  
        Change in fair value of warrant liabilities  -90.961.9143.7    
        Changes in operating working capital  -449.2-132.8-60.8-36.4-110.0  
        Stock-based compensation  24.723.213.0    
        Payment of contingent consideration  -8.7      
        Other  -2.917.911.817.76.8  
            Net cash provided by (used for) operating activities  -152.8210.9208.957.5-221.9 0.0
   
Cash flows from investing activities:         
    Capital expenditures  -100.0-73.4-44.4-47.6-64.6  
    Investments in capitalized software  -11.0-11.2-8.3-22.7-41.2  
    Proceeds from disposition of property, plant and equipment  3.99.87.05.018.0  
        Net cash provided by (used for) investing activities  -112.1-1,216.8-45.7-65.3-207.7  
   
Cash flows from financing activities:         
    Borrowings from ABL revolving credit facility and short-term borrowings  790.8 346.2491.8   
    Repayments of ABL revolving credit facility and short-term borrowings  -555.8 -493.7-591.2   
    Repayment of long-term debt  -16.4-21.8-3,456.5 -320.0  
    Payment of contingent consideration  -12.8      
    Exercise of employee stock options  3.14.1     
    Employee taxes paid from shares withheld  -4.3-7.3     
        Net cash provided by (used for) financing activities  100.2914.9140.714.8245.1 0.0
Effect of exchange rate changes on cash and cash equivalents  -9.2-4.55.01.411.6  
    Increase (decrease) in cash, cash equivalents and restricted cash  -173.9-95.5308.98.4-172.9  
   
Changes in operating working capital         
Accounts receivable  -375.8-117.4-114.839.8-139.6  
Inventories  -211.4-125.7-38.585.5-73.7  
Other current assets  -28.82.17.8-41.6-66.5  
Accounts payable  132.8105.178.2-140.8101.90.0 
Accrued expenses and other liabilities  45.611.913.334.850.2  
Income taxes  -11.6-8.8-6.8-14.117.7  
Total changes in operating working capital  -449.2-132.8-60.8-36.4-110.0  

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