Vertiv Holdings Co (VRT)

Vertiv Holdings Co Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,732	1,333	495.8	460.2	76.6	119.6
Depreciation & Amortization	387.2	308.6	277	271	302.4	227
Other Amortization	3.8	5.9	7	7.9	7.5	6.3
Loss (Gain) From Sale of Assets	-	-	-	-	-3.7	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	8.7
Stock-Based Compensation	52.2	45.9	34.6	25	24.7	23.2
Other Operating Activities	65.7	81.3	390.8	69.7	-111.1	-41.1
Change in Accounts Receivable	-810.9	-547.5	-280.3	-277.2	-368	-117.4
Change in Inventory	-1,075	-164.7	-369.3	-54	-211.4	-125.7
Change in Accounts Payable	797	381.2	343.1	-17.7	132.8	105.1
Change in Unearned Revenue	2,369	717.5	434.5	274.2	67.6	55.3
Change in Income Taxes	-130.6	-67.4	42.8	45.2	-11.6	-8.8
Change in Other Net Operating Assets	-35.7	20.2	-56.7	96.2	-58.6	-41.3
Operating Cash Flow	3,354	2,114	1,319	900.5	-152.8	210.9
Operating Cash Flow Growth	135.13%	60.22%	46.51%	-	-	0.96%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-424.4	-220	-167	-127.9	-100	-73.4
Sale of Property, Plant & Equipment	-	-	-	12.4	3.9	9.8
Cash Acquisitions	-1,463	-1,185	-17.6	-28.8	-5	-1,164
Divestitures	-	-	-	11.9	-	21.7
Sale (Purchase) of Intangibles	-5.8	-6.4	-17.1	-6.7	-11	-11.2
Investment in Securities	-205.6	-89.6	-	-	-	-
Investing Cash Flow	-2,099	-1,501	-201.7	-139.1	-112.1	-1,217

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	270	224.9	790.8	850
Total Debt Issued	2,100	-	270	224.9	790.8	850
Long-Term Debt Repaid	-	-20.9	-291.1	-487	-572.2	-21.8
Total Debt Repaid	-2,087	-20.9	-291.1	-487	-572.2	-21.8
Net Debt Issued (Repaid)	13.5	-20.9	-21.1	-262.1	218.6	828.2
Issuance of Common Stock	57.5	26.4	33	27.4	3.1	111.6
Repurchase of Common Stock	-27.4	-11.2	-621.8	-3.3	-4.3	-7.3
Common Dividends Paid	-86	-66.6	-42.2	-9.5	-3.8	-3.8
Other Financing Activities	-	-	-	-	-113.4	-13.8
Financing Cash Flow	-42.4	-72.3	-652.1	-247.5	100.2	914.9

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	6.5	16.9	-21.9	1.5	-9.2	-4.5
Net Cash Flow	1,220	557.6	443.6	515.4	-173.9	-95.5

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	2,930	1,894	1,152	772.6	-252.8	137.5
Free Cash Flow Growth	134.78%	64.35%	49.15%	-	-	-16.41%
Free Cash Flow Margin	25.52%	18.51%	14.38%	11.26%	-4.44%	2.75%
Free Cash Flow Per Share	7.48	4.85	2.98	2.00	-0.67	0.38
Levered Free Cash Flow	2,697	1,429	1,036	716.54	-280.64	127.23
Unlevered Free Cash Flow	2,726	1,477	1,123	821.2	-196.08	177.55

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	126.7	126.7	155.5	176.7	132.8	75.1
Cash Income Tax Paid	428.2	428.2	272.5	153	104.6	97.3
Change in Working Capital	1,113	339.3	114.1	66.7	-449.2	-132.8

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

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