Below are the financial statements of Vertiv Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales - products | 6,393.5a | 5,406.1a | 4,335.3a |
| Net sales - services | 1,618.3a | 1,457.1a | 1,356.2a |
| Net sales | 8,011.8a | 6,863.2a | 5,691.5a |
| Costs and expenses | — | — | — |
| Cost of sales - products | -4,099.4a | -3,575.7a | -3,219.1a |
| Cost of sales - services | -978.2a | -887a | -856.3a |
| Cost of sales | -5,077.6a | -4,462.7a | -4,075.4a |
| Operating expenses | — | — | — |
| Selling, general and administrative expenses | -1,374a | -1,312.3a | -1,178.3a |
| Amortization of intangibles | -184.2a | -181.3a | -215.8a |
| Restructuring costs | -5.3a | -28.6a | -0.7a |
| Foreign currency (gain) loss, net | 9.3a | 16a | 3.7a |
| Other operating expense (income) | -6a | -9.9a | -5.8a |
| Operating profit (loss) | 1,367.4a | 872.2a | 223.4a |
| Interest expense, net | -150.4a | -180.1a | -147.3a |
| Loss on extinguishment of debt | -2.4a | -0.5a | 0a |
| Change in fair value of warrant liabilities | 449.2a | 157.9a | -90.9a |
| Income (loss) before income taxes | 765.4a | 533.7a | 167a |
| Income tax expense | -269.6a | -73.5a | -90.4a |
| Net income (loss) | 495.8a | 460.2a | 76.6a |
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