Vertiv Holdings Co (VRT) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-03-31

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Vertiv Holdings Co cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026One 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: $390,100,000.00Deferred revenue → Operating adjustments reconciliation: $651,200,000.00Accounts payable → Operating adjustments reconciliation: $202,800,000.00Amortization → Operating adjustments reconciliation: $80,200,000.00Change in fair value of contingent consideration → Operating adjustments reconciliation: $33,200,000.00Depreciation → Operating adjustments reconciliation: $27,500,000.00Other → Operating adjustments reconciliation: $17,600,000.00Stock-based compensation → Operating adjustments reconciliation: $17,000,000.00Amortization of debt discount and issuance costs → Operating adjustments reconciliation: $1,600,000.00Operating adjustments reconciliation → Net cash from operating activities: $376,700,000.00Operating adjustments reconciliation → Inventories: $384,200,000.00Operating adjustments reconciliation → Accrued expenses and other liabilities: $95,400,000.00Operating adjustments reconciliation → Other current assets: $88,500,000.00Operating adjustments reconciliation → Accounts receivable: $57,700,000.00Operating adjustments reconciliation → Deferred income taxes: $28,200,000.00Operating adjustments reconciliation → Income taxes: $400,000.00Proceeds from the issuance of long-term debt → financing reconciliation: $2,100,000,000.00Exercise of employee stock options → financing reconciliation: $23,500,000.00financing reconciliation → Net cash from financing activities: $11,900,000.00financing reconciliation → Repayment of long-term debt: $2,076,100,000.00financing reconciliation → Dividend payment: $23,900,000.00financing reconciliation → Employee taxes paid from shares withheld: $11,600,000.00Net cash used in investing activities → investing reconciliation: $376,700,000.00Proceeds from maturities of short-term investments → investing reconciliation: $100,000,000.00investing reconciliation → Purchase of short-term investments: $348,400,000.00investing reconciliation → Capital expenditures: $112,600,000.00investing reconciliation → Investments in affiliates: $13,900,000.00investing reconciliation → Investments in capitalized software: $1,400,000.00investing reconciliation → Acquisition of businesses, net of cash acquired: $400,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,789,800,000.00Net cash from operating activities → Cash sources and uses: $766,800,000.00Net cash from financing activities → Cash sources and uses: $11,900,000.00Cash sources and uses → Exchange-rate effect: $600,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,191,200,000.00Cash sources and uses → Net cash used in investing activities: $376,700,000.00Net income (loss): $390,100,000.00Net income (loss)+$390.10 MDepreciation: $27,500,000.00Depreciation expense+$27.50 MAmortization: $80,200,000.00Intangible amortization+$80.20 MDeferred income taxes: -$28,200,000.00Deferred taxes & credits−$28.20 MAmortization of debt discount and issuance costs: $1,600,000.00Debt cost amortization+$1.60 MStock-based compensation: $17,000,000.00Stock-based compensation+$17.00 MAccounts payable: $202,800,000.00Accounts payable+$202.80 MDeferred revenue: $651,200,000.00Deferred revenue+$651.20 MAccrued expenses and other liabilities: -$95,400,000.00Accrued liabilities−$95.40 MInventories: -$384,200,000.00Inventories−$384.20 MAccounts receivable: -$57,700,000.00Accounts receivable−$57.70 MOther current assets: -$88,500,000.00Other current assets−$88.50 MIncome taxes: -$400,000.00Income taxes payable−$400.00 KOther: $17,600,000.00Other operating, net+$17.60 MChange in fair value of contingent consideration: $33,200,000.00Contingent consideration change+$33.20 MNet cash from operating activities: $766,800,000.00Operating cash+$766.80 MOperating adjustments reconciliation: $1,031,100,000.00Proceeds from the issuance of long-term debt: $2,100,000,000.00Long-term debt issued+$2.10 BRepayment of long-term debt: -$2,076,100,000.00Senior debt repaid−$2.08 BDividend payment: -$23,900,000.00Dividends paid−$23.90 MExercise of employee stock options: $23,500,000.00Stock option exercises+$23.50 MEmployee taxes paid from shares withheld: -$11,600,000.00Stock-award tax withholding−$11.60 MNet cash from financing activities: $11,900,000.00Financing cash+$11.90 Mfinancing reconciliation: $2,123,500,000.00Investments in capitalized software: -$1,400,000.00Software spending−$1.40 MCapital expenditures: -$112,600,000.00PP&E purchases−$112.60 MPurchase of short-term investments: -$348,400,000.00HTM securities purchases−$348.40 MInvestments in affiliates: -$13,900,000.00Investments in affiliates−$13.90 MAcquisition of businesses, net of cash acquired: -$400,000.00Acquisitions, net of cash−$400.00 KProceeds from maturities of short-term investments: $100,000,000.00Short-term investment sales+$100.00 MNet cash used in investing activities: -$376,700,000.00. Cash required to fund net payments.Investing cash−$376.70 Minvesting reconciliation: $476,700,000.00Cash sources and uses: $2,568,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,789,800,000.00Beginning cash$1.79 BEnding cash: Cash, cash equivalents, and restricted cash: $2,191,200,000.00Ending cash$2.19 BExchange-rate effect: -$600,000.00FX effect−$600.00 KCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$654.20 MOperating cash − cash spent on PP&ECash flow / Net income1.97×Operating cash flow ÷ net incomeNet cash change+$401.40 MEnding cash − beginning cash
Chart details

Vertiv Holdings Co cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
1,789,800,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
766,800,000 US dollars. Net cash provided.
Net income (loss)
390,100,000 US dollars
Depreciation
27,500,000 US dollars
Amortization
80,200,000 US dollars
Deferred income taxes
negative 28,200,000 US dollars
Amortization of debt discount and issuance costs
1,600,000 US dollars
Stock-based compensation
17,000,000 US dollars
Accounts payable
202,800,000 US dollars
Deferred revenue
651,200,000 US dollars
Accrued expenses and other liabilities
negative 95,400,000 US dollars
Inventories
negative 384,200,000 US dollars
Accounts receivable
negative 57,700,000 US dollars
Other current assets
negative 88,500,000 US dollars
Income taxes
negative 400,000 US dollars
Other
17,600,000 US dollars
Change in fair value of contingent consideration
33,200,000 US dollars
Investing activities
negative 376,700,000 US dollars. Net cash used.
Investments in capitalized software
negative 1,400,000 US dollars
Capital expenditures
negative 112,600,000 US dollars
Purchase of short-term investments
negative 348,400,000 US dollars
Investments in affiliates
negative 13,900,000 US dollars
Acquisition of businesses, net of cash acquired
negative 400,000 US dollars
Proceeds from maturities of short-term investments
100,000,000 US dollars
Financing activities
11,900,000 US dollars. Net cash provided.
Proceeds from the issuance of long-term debt
2,100,000,000 US dollars
Repayment of long-term debt
negative 2,076,100,000 US dollars
Dividend payment
negative 23,900,000 US dollars
Exercise of employee stock options
23,500,000 US dollars
Employee taxes paid from shares withheld
negative 11,600,000 US dollars
Operating adjustment reconciliation
1,031,100,000 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
2,123,500,000 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
476,700,000 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 600,000 US dollars
Ending cash on Mar 31, 2026
2,191,200,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,568,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
401,400,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.97×. 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
766,800,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
112,600,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
654,200,000 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 $376.70M 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: 766,800,000 US dollars minus 112,600,000 US dollars equals 654,200,000 US dollars.
Vertiv Holdings Co (VRT) FY2026 Q1 Statement of Cash Flows Sankey chart
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