Vertiv Holdings Co (VRT) FY2025 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-04-01 to 2025-06-30

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Vertiv Holdings Co cash flow reconciliation, Apr 1, 2025 through Jun 30, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $322,900,000.00Net income (loss) → Operating adjustments reconciliation: $1,300,000.00Accounts payable → Operating adjustments reconciliation: $183,000,000.00Deferred revenue → Operating adjustments reconciliation: $148,100,000.00Amortization → Operating adjustments reconciliation: $49,800,000.00Accrued expenses and other liabilities → Operating adjustments reconciliation: $36,300,000.00Depreciation → Operating adjustments reconciliation: $23,500,000.00Stock-based compensation → Operating adjustments reconciliation: $13,300,000.00Other → Operating adjustments reconciliation: $10,600,000.00Income taxes → Operating adjustments reconciliation: $7,900,000.00Other current assets → Operating adjustments reconciliation: $5,600,000.00Amortization of debt discount and issuance costs → Operating adjustments reconciliation: $2,100,000.00Operating adjustments reconciliation → Accounts receivable: $462,400,000.00Operating adjustments reconciliation → Deferred income taxes: $10,200,000.00Operating adjustments reconciliation → Inventories: $8,900,000.00Net cash used in investing activities → investing reconciliation: $144,000,000.00investing reconciliation → Purchase of short-term investments: $98,100,000.00investing reconciliation → Capital expenditures: $45,000,000.00investing reconciliation → Investments in capitalized software: $900,000.00Net cash used in financing activities → financing reconciliation: $8,000,000.00Exercise of employee stock options → financing reconciliation: $11,700,000.00financing reconciliation → Dividend payment: $14,200,000.00financing reconciliation → Repayment of long-term debt: $5,200,000.00financing reconciliation → Employee taxes paid from shares withheld: $300,000.00Exchange-rate effect → Cash sources and uses: $9,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,476,100,000.00Net cash from operating activities → Cash sources and uses: $322,900,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,656,000,000.00Cash sources and uses → Net cash used in investing activities: $144,000,000.00Cash sources and uses → Net cash used in financing activities: $8,000,000.00Net income (loss): $324,200,000.00Net income (loss)+$324.20 MDepreciation: $23,500,000.00Depreciation expense+$23.50 MAmortization: $49,800,000.00Intangible amortization+$49.80 MDeferred income taxes: -$10,200,000.00Deferred taxes & credits−$10.20 MAmortization of debt discount and issuance costs: $2,100,000.00Debt cost amortization+$2.10 MChange in fair value of warrant liabilities: $0.00Stock-based compensation: $13,300,000.00Stock-based compensation+$13.30 MAccounts payable: $183,000,000.00Accounts payable+$183.00 MDeferred revenue: $148,100,000.00Deferred revenue+$148.10 MAccrued expenses and other liabilities: $36,300,000.00Accrued liabilities+$36.30 MInventories: -$8,900,000.00Inventories−$8.90 MAccounts receivable: -$462,400,000.00Accounts receivable−$462.40 MOther current assets: $5,600,000.00Other current assets+$5.60 MIncome taxes: $7,900,000.00Income taxes payable+$7.90 MOther: $10,600,000.00Other operating, net+$10.60 MNet cash from operating activities: $322,900,000.00Operating cash+$322.90 MOperating adjustments reconciliation: $481,500,000.00Borrowings from ABL revolving credit facility and short-term borrowings: $0.00Exercise of employee stock options: $11,700,000.00Stock option exercises+$11.70 MEmployee taxes paid from shares withheld: -$300,000.00Stock-award tax withholding−$300.00 KRepayments of ABL revolving credit facility and short-term borrowings: $0.00Repayment of long-term debt: -$5,200,000.00Senior debt repaid−$5.20 MRepurchase of common stock: $0.00Dividend payment: -$14,200,000.00Dividends paid−$14.20 MNet cash used in financing activities: -$8,000,000.00. Cash required to fund net payments.Financing cash−$8.00 Mfinancing reconciliation: $19,700,000.00Investments in capitalized software: -$900,000.00Software spending−$900.00 KCapital expenditures: -$45,000,000.00PP&E purchases−$45.00 MPurchase of short-term investments: -$98,100,000.00HTM securities purchases−$98.10 MNet cash used in investing activities: -$144,000,000.00. Cash required to fund net payments.Investing cash−$144.00 Minvesting reconciliation: $144,000,000.00Cash sources and uses: $1,808,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,476,100,000.00Beginning cash$1.48 BEnding cash: Cash, cash equivalents, and restricted cash: $1,656,000,000.00Ending cash$1.66 BExchange-rate effect: $9,000,000.00FX effect+$9.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$277.90 MOperating cash − cash spent on PP&ECash flow / Net income1.00×Operating cash flow ÷ net incomeNet cash change+$179.90 MEnding cash − beginning cash
Chart details

Vertiv Holdings Co cash flow reconciliation, Apr 1, 2025 through Jun 30, 2025

Cash flows for Apr 1, 2025 through Jun 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2025. Ending cash: Jun 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2025
1,476,100,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
322,900,000 US dollars. Net cash provided.
Net income (loss)
324,200,000 US dollars
Depreciation
23,500,000 US dollars
Amortization
49,800,000 US dollars
Deferred income taxes
negative 10,200,000 US dollars
Amortization of debt discount and issuance costs
2,100,000 US dollars
Change in fair value of warrant liabilities
0 US dollars
Stock-based compensation
13,300,000 US dollars
Accounts payable
183,000,000 US dollars
Deferred revenue
148,100,000 US dollars
Accrued expenses and other liabilities
36,300,000 US dollars
Inventories
negative 8,900,000 US dollars
Accounts receivable
negative 462,400,000 US dollars
Other current assets
5,600,000 US dollars
Income taxes
7,900,000 US dollars
Other
10,600,000 US dollars
Investing activities
negative 144,000,000 US dollars. Net cash used.
Investments in capitalized software
negative 900,000 US dollars
Capital expenditures
negative 45,000,000 US dollars
Purchase of short-term investments
negative 98,100,000 US dollars
Financing activities
negative 8,000,000 US dollars. Net cash used.
Borrowings from ABL revolving credit facility and short-term borrowings
0 US dollars
Exercise of employee stock options
11,700,000 US dollars
Employee taxes paid from shares withheld
negative 300,000 US dollars
Repayments of ABL revolving credit facility and short-term borrowings
0 US dollars
Repayment of long-term debt
negative 5,200,000 US dollars
Repurchase of common stock
0 US dollars
Dividend payment
negative 14,200,000 US dollars
Operating adjustment reconciliation
481,500,000 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
19,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
144,000,000 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
9,000,000 US dollars
Ending cash on Jun 30, 2025
1,656,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,808,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
179,900,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.00×. 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
322,900,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
45,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
277,900,000 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 exceeds operating cash. The diagram allocates $322.90M of net income directly to operating cash and $1.30M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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: 322,900,000 US dollars minus 45,000,000 US dollars equals 277,900,000 US dollars.
Vertiv Holdings Co (VRT) FY2025 Q2 Statement of Cash Flows Sankey chart
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