# Vertiv Holdings Co (VRT) FY2024 Annual P&L / Income Statement - Company: Vertiv Holdings Co (VRT) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-18, accession number 0001628280-25-005905 - Page: https://plicit.ai/financials/vrt/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/vrt-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue and costs use their disclosed categories. - **Net sales**: 8,011,800,000 US dollars - **Cost of sales**: 5,077,600,000 US dollars - **Gross profit (calculated)**: 2,934,200,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,566,800,000 US dollars - **Operating profit (loss)**: 1,367,400,000 US dollars - **Other income (expense), net (calculated)**: negative 602,000,000 US dollars - **Income (loss) before income taxes**: 765,400,000 US dollars - **Income tax expense**: 269,600,000 US dollars - **Net income (loss)**: 495,800,000 US dollars - **Products revenue**: 6,393,500,000 US dollars - **Services revenue**: 1,618,300,000 US dollars - **Products cost of revenue**: 4,099,400,000 US dollars - **Services cost of revenue**: 978,200,000 US dollars - **Selling, general and administrative expenses**: 1,374,000,000 US dollars - **Amortization of intangibles**: 184,200,000 US dollars - **Restructuring costs**: 5,300,000 US dollars - **Foreign currency (gain) loss, net**: 9,300,000 US dollars - **Other operating expense (income)**: negative 6,000,000 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/fy2024-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/vrt-fy2024-annual-revenue-by-business-segment-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 8,011,800,000 US dollars - **Cost of sales**: 5,077,600,000 US dollars - **Gross profit (calculated)**: 2,934,200,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,566,800,000 US dollars - **Operating profit (loss)**: 1,367,400,000 US dollars - **Other income (expense), net (calculated)**: negative 602,000,000 US dollars - **Income (loss) before income taxes**: 765,400,000 US dollars - **Income tax expense**: 269,600,000 US dollars - **Net income (loss)**: 495,800,000 US dollars - **Americas**: 4,500,600,000 US dollars - **Asia Pacific**: 1,717,800,000 US dollars - **Europe, Middle East, & Africa**: 1,793,400,000 US dollars - **Selling, general and administrative expenses**: 1,374,000,000 US dollars - **Amortization of intangibles**: 184,200,000 US dollars - **Restructuring costs**: 5,300,000 US dollars - **Foreign currency (gain) loss, net**: 9,300,000 US dollars - **Other operating expense (income)**: negative 6,000,000 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 Timing of Transfer - Page: https://plicit.ai/financials/vrt/fy2024-annual-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vrt-fy2024-annual-revenue-by-timing-of-transfer-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 8,011,800,000 US dollars - **Cost of sales**: 5,077,600,000 US dollars - **Gross profit (calculated)**: 2,934,200,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,566,800,000 US dollars - **Operating profit (loss)**: 1,367,400,000 US dollars - **Other income (expense), net (calculated)**: negative 602,000,000 US dollars - **Income (loss) before income taxes**: 765,400,000 US dollars - **Income tax expense**: 269,600,000 US dollars - **Net income (loss)**: 495,800,000 US dollars - **Products and services transferred at a point in time**: 5,748,300,000 US dollars - **Products and services transferred over time**: 2,263,500,000 US dollars - **Selling, general and administrative expenses**: 1,374,000,000 US dollars - **Amortization of intangibles**: 184,200,000 US dollars - **Restructuring costs**: 5,300,000 US dollars - **Foreign currency (gain) loss, net**: 9,300,000 US dollars - **Other operating expense (income)**: negative 6,000,000 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/fy2024-annual-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/vrt-fy2024-annual-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 8,011,800,000 US dollars - **Cost of sales**: 5,077,600,000 US dollars - **Gross profit (calculated)**: 2,934,200,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,566,800,000 US dollars - **Operating profit (loss)**: 1,367,400,000 US dollars - **Other income (expense), net (calculated)**: negative 602,000,000 US dollars - **Income (loss) before income taxes**: 765,400,000 US dollars - **Income tax expense**: 269,600,000 US dollars - **Net income (loss)**: 495,800,000 US dollars - **Americas - Products and services transferred at a point in time**: 3,474,600,000 US dollars - **Americas - Products and services transferred over time**: 1,026,000,000 US dollars - **Asia Pacific - Products and services transferred at a point in time**: 1,252,100,000 US dollars - **Asia Pacific - Products and services transferred over time**: 465,700,000 US dollars - **Europe, Middle East, & Africa - Products and services transferred at a point in time**: 1,021,600,000 US dollars - **Europe, Middle East, & Africa - Products and services transferred over time**: 771,800,000 US dollars - **Selling, general and administrative expenses**: 1,374,000,000 US dollars - **Amortization of intangibles**: 184,200,000 US dollars - **Restructuring costs**: 5,300,000 US dollars - **Foreign currency (gain) loss, net**: 9,300,000 US dollars - **Other operating expense (income)**: negative 6,000,000 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) - Page: https://plicit.ai/financials/vrt/fy2024-annual-income-statement/revenue-by-product-and-service-2 - Chart image: https://plicit.ai/charts/vrt-fy2024-annual-revenue-by-product-and-service-2-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Product and service (Disaggregation of Revenue). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 8,011,800,000 US dollars - **Cost of sales**: 5,077,600,000 US dollars - **Gross profit (calculated)**: 2,934,200,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,566,800,000 US dollars - **Operating profit (loss)**: 1,367,400,000 US dollars - **Other income (expense), net (calculated)**: negative 602,000,000 US dollars - **Income (loss) before income taxes**: 765,400,000 US dollars - **Income tax expense**: 269,600,000 US dollars - **Net income (loss)**: 495,800,000 US dollars - **Products**: 6,245,200,000 US dollars - **Services & spares**: 1,766,600,000 US dollars - **Selling, general and administrative expenses**: 1,374,000,000 US dollars - **Amortization of intangibles**: 184,200,000 US dollars - **Restructuring costs**: 5,300,000 US dollars - **Foreign currency (gain) loss, net**: 9,300,000 US dollars - **Other operating expense (income)**: negative 6,000,000 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 - Page: https://plicit.ai/financials/vrt/fy2024-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/vrt-fy2024-annual-revenue-by-geography-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 8,011,800,000 US dollars - **Cost of sales**: 5,077,600,000 US dollars - **Gross profit (calculated)**: 2,934,200,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,566,800,000 US dollars - **Operating profit (loss)**: 1,367,400,000 US dollars - **Other income (expense), net (calculated)**: negative 602,000,000 US dollars - **Income (loss) before income taxes**: 765,400,000 US dollars - **Income tax expense**: 269,600,000 US dollars - **Net income (loss)**: 495,800,000 US dollars - **UNITED STATES**: 4,085,800,000 US dollars - **Europe**: 1,523,500,000 US dollars - **Asia**: 1,701,500,000 US dollars - **Latin America and Canada**: 426,900,000 US dollars - **Middle East/Africa**: 274,100,000 US dollars - **Selling, general and administrative expenses**: 1,374,000,000 US dollars - **Amortization of intangibles**: 184,200,000 US dollars - **Restructuring costs**: 5,300,000 US dollars - **Foreign currency (gain) loss, net**: 9,300,000 US dollars - **Other operating expense (income)**: negative 6,000,000 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/fy2024-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/vrt-fy2024-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales**: 8,011,800,000 US dollars - **Cost of sales**: 5,077,600,000 US dollars - **Gross profit (calculated)**: 2,934,200,000 US dollars - **Operating costs, net of other operating items (calculated)**: 1,566,800,000 US dollars - **Operating profit (loss)**: 1,367,400,000 US dollars - **Other income (expense), net (calculated)**: negative 602,000,000 US dollars - **Income (loss) before income taxes**: 765,400,000 US dollars - **Income tax expense**: 269,600,000 US dollars - **Net income (loss)**: 495,800,000 US dollars - **Americas - Products**: 3,579,100,000 US dollars - **Americas - Services & spares**: 921,500,000 US dollars - **Asia Pacific - Products**: 1,248,500,000 US dollars - **Asia Pacific - Services & spares**: 469,300,000 US dollars - **Europe, Middle East, & Africa - Products**: 1,417,600,000 US dollars - **Europe, Middle East, & Africa - Services & spares**: 375,800,000 US dollars - **Selling, general and administrative expenses**: 1,374,000,000 US dollars - **Amortization of intangibles**: 184,200,000 US dollars - **Restructuring costs**: 5,300,000 US dollars - **Foreign currency (gain) loss, net**: 9,300,000 US dollars - **Other operating expense (income)**: negative 6,000,000 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.