Vertiv Holdings Co (VRT) FY2023 Annual P&L / Income Statement

Vertiv Holdings Co (VRT) FY2023 Annual P&L / Income Statement

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.