# Vertiv Holdings Co (VRT) FY2023 Annual P&L / Income Statement - Company: Vertiv Holdings Co (VRT) - Period: 2023-01-01 to 2023-12-31 - Filing: FY2023 10-K, filed 2024-02-23, accession number 0001628280-24-006498 - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service (3 categories) Income statement for 2023-01-01 through 2023-12-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **Critical infrastructure & solutions**: 4,449,100,000 US dollars - **Services & spares**: 1,592,000,000 US dollars - **Integrated rack solutions**: 822,100,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography (5 categories) - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement/revenue-by-geography-5-categories - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-revenue-by-geography-5-categories-sankey.png Income statement for 2023-01-01 through 2023-12-31. View: Geography (5 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **United States and Canada**: 3,598,100,000 US dollars - **Europe**: 1,307,100,000 US dollars - **Asia**: 1,480,300,000 US dollars - **Latin America**: 281,100,000 US dollars - **Middle East/Africa**: 196,600,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-revenue-by-business-segment-sankey.png Income statement for 2023-01-01 through 2023-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **Americas**: 3,885,200,000 US dollars - **Asia Pacific**: 1,615,600,000 US dollars - **Europe, Middle East, & Africa**: 1,732,300,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars - **Revenue before reconciliation (calculated)**: 7,233,100,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Americas**: negative 40,700,000 US dollars. Reported reconciliation to consolidated revenue. - **Asia Pacific**: negative 87,800,000 US dollars. Reported reconciliation to consolidated revenue. - **Europe, Middle East, & Africa**: negative 241,400,000 US dollars. Reported reconciliation to consolidated revenue. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-revenue-by-timing-of-transfer-sankey.png Income statement for 2023-01-01 through 2023-12-31. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **Products and services transferred at a point in time**: 5,038,600,000 US dollars - **Products and services transferred over time**: 1,824,600,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2023-01-01 through 2023-12-31. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **Americas - Products and services transferred at a point in time**: 2,932,300,000 US dollars - **Americas - Products and services transferred over time**: 912,200,000 US dollars - **Asia Pacific - Products and services transferred at a point in time**: 1,163,900,000 US dollars - **Asia Pacific - Products and services transferred over time**: 363,900,000 US dollars - **Europe, Middle East, & Africa - Products and services transferred at a point in time**: 942,400,000 US dollars - **Europe, Middle East, & Africa - Products and services transferred over time**: 548,500,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Product and Service (2 categories) - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement/revenue-by-product-and-service-2-categories - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-revenue-by-product-and-service-2-categories-sankey.png Income statement for 2023-01-01 through 2023-12-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **Products revenue**: 5,406,100,000 US dollars - **Services revenue**: 1,457,100,000 US dollars - **Products cost of revenue**: 3,575,700,000 US dollars - **Services cost of revenue**: 887,000,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography (2 categories) - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement/revenue-by-geography-2-categories - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-revenue-by-geography-2-categories-sankey.png Income statement for 2023-01-01 through 2023-12-31. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **UNITED STATES**: 3,430,300,000 US dollars - **CHINA**: 682,900,000 US dollars - **Undisclosed (calculated)**: 2,750,000,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/vrt/fy2023-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/vrt-fy2023-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2023-01-01 through 2023-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 6,863,200,000 US dollars - **Cost of sales**: 4,462,700,000 US dollars - **Gross profit (calculated)**: 2,400,500,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,528,300,000 US dollars - **Operating profit (loss)**: 872,200,000 US dollars - **Other income (expense), net (calculated)**: negative 338,500,000 US dollars - **Income (loss) before income taxes**: 533,700,000 US dollars - **Income tax expense**: 73,500,000 US dollars - **Net income (loss)**: 460,200,000 US dollars - **Americas - Critical infrastructure & solutions**: 2,560,500,000 US dollars - **Americas - Integrated rack solutions**: 460,700,000 US dollars - **Americas - Services & spares**: 823,300,000 US dollars - **Asia Pacific - Critical infrastructure & solutions**: 911,400,000 US dollars - **Asia Pacific - Integrated rack solutions**: 186,700,000 US dollars - **Asia Pacific - Services & spares**: 429,700,000 US dollars - **Europe, Middle East, & Africa - Critical infrastructure & solutions**: 977,200,000 US dollars - **Europe, Middle East, & Africa - Integrated rack solutions**: 174,700,000 US dollars - **Europe, Middle East, & Africa - Services & spares**: 339,000,000 US dollars - **Selling, general and administrative expenses**: 1,312,300,000 US dollars - **Amortization of intangibles**: 181,300,000 US dollars - **Restructuring costs**: 28,600,000 US dollars - **Asset impairments**: 0 US dollars - **Foreign currency (gain) loss, net**: 16,000,000 US dollars - **Other operating expense (income)**: negative 9,900,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.