# Vertiv Holdings Co (VRT) FY2024 YTD Q3 Statement of Cash Flows

- Company: Vertiv Holdings Co (VRT)
- Period: 2024-01-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-10-25, accession number 0001628280-24-043698
- Page: https://plicit.ai/financials/vrt/fy2024-ytd-q3-cash-flow
- Chart image: https://plicit.ai/charts/vrt-fy2024-ytd-q3-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2023**: 788,600,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 894,100,000 US dollars. Net cash provided.
- **Net income (loss)**: 348,800,000 US dollars
- **Accounts payable**: 258,900,000 US dollars
- **Deferred revenue**: 371,700,000 US dollars
- **Accrued expenses and other liabilities**: 17,200,000 US dollars
- **Inventories**: negative 364,800,000 US dollars
- **Accounts receivable**: negative 190,400,000 US dollars
- **Other current assets**: negative 47,100,000 US dollars
- **Income taxes**: 23,700,000 US dollars
- **Deferred income taxes**: negative 53,100,000 US dollars
- **Change in fair value of warrant liabilities**: 269,200,000 US dollars
- **Depreciation**: 60,700,000 US dollars
- **Amortization of debt discount and issuance costs**: 5,500,000 US dollars
- **Other**: 22,700,000 US dollars
- **Amortization**: 145,300,000 US dollars
- **Stock-based compensation**: 25,800,000 US dollars
- **Investing activities**: negative 120,700,000 US dollars. Net cash used.
- **Investments in capitalized software**: negative 14,400,000 US dollars
- **Capital expenditures**: negative 106,300,000 US dollars
- **Proceeds from disposition of property, plant and equipment**: 0 US dollars
- **Financing activities**: negative 640,400,000 US dollars. Net cash used.
- **Borrowings from ABL revolving credit facility and short-term borrowings**: 270,000,000 US dollars
- **Exercise of employee stock options**: 25,000,000 US dollars
- **Employee taxes paid from shares withheld**: negative 21,500,000 US dollars
- **Repayments of ABL revolving credit facility and short-term borrowings**: negative 270,000,000 US dollars
- **Repayment of long-term debt**: negative 15,900,000 US dollars
- **Repurchase of common stock**: negative 599,900,000 US dollars
- **Dividend payment**: negative 28,100,000 US dollars
- **Operating adjustment reconciliation**: 1,200,700,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 935,400,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 120,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 4,200,000 US dollars
- **Ending cash on Sep 30, 2024**: 917,400,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 1,682,700,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 128,800,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 2.56×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- **Operating cash flow**: 894,100,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 106,300,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: 787,800,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $545.30M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 894,100,000 US dollars minus 106,300,000 US dollars equals 787,800,000 US dollars.